Press Digest: Financial Times - April 16
16/04/2026 03:10
April 16 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines Saudi Arabia's PIF on verge of cutting support for LIV Golf US jury finds promoter Live Nation monopolised concert ticketing markets Ceasefire between Israel and Hizbollah expected 'soon', say Lebanese officials Norway's $2 trillion sovereign wealth fund has 'no plans' to reduce US assets BBC to cut one in 10 jobs in radical downsizing Monte dei Paschi shareholders vote to reinstate ousted boss after boardroom feud Rheinmetall wins 300 million euro drone order from German armed forces Overview Saudi Arabia's sovereign wealth fund is on the verge of cutting its support for LIV Golf in a move that would jeopardise the future of a multibillion-dollar project that sparked a civil war across the sport. Ticketmaster and its parent company Live Nation LYV.N illegally monopolized U.S. live event markets, a New York jury found, after a trial on the company's tactics in dealing with venues and artists. Diplomatic efforts by Iran and other regional countries could produce a ceasefire in Lebanon "soon," according to Lebanese officials. Norway's $2.1 trillion sovereign wealth fund, the world's largest, does not intend to shed U.S. assets despite concerns over the Middle East war and mounting U.S. debt, Finance Minister Jens Stoltenberg said. As many as 2,000 jobs will be cut by the BBC across its departments as part of a radical downsizing of the UK’s national broadcaster ahead of the arrival of new director-general Matt Brittin. Investors in Monte dei Paschi di Siena BMPS.MI handed back the reins of the world's oldest bank to ousted boss Luigi Lovaglio, settling a boardroom clash that followed last year's takeover of rival Mediobanca. The German parliament has approved a 300 million euro ($353.94 million) deal for the arms company Rheinmetall RHMG.DE to supply kamikaze drones to the country’s armed forces. ($1 = 0.8476 euros) (Compiled by Bengaluru newsroom) ((globalnewsmonitoring@thomsonreuters.com))