LIV Golf files for Chapter 11 bankruptcy

21 min agoThe White House announced a ban on Canadian dairy products, most alcoholic beverages and motorcycles, to take effect in three weeks. The move follows Canada's imposition of $20 billion in retaliatory tariffs on US imports and comes as President Trump directed the General Services Administration to exclude Canadian products from long-term US government contracts.

1 h agoTehran's Revolutionary Guards announced Tuesday that they had seized an American uncrewed underwater vessel operating near the Strait of Hormuz. The device, identified as an Anduril-made Dive-LD autonomous underwater vehicle from California, had stopped functioning more than 24 hours before its capture, according to U.S. officials.

1 h agoLIV Golf filed for Chapter 11 bankruptcy on Tuesday with a $49.6 million loan from Saudi Arabia's Public Investment Fund, reporting $500 million to $1 billion in liabilities and $100 million to $500 million in assets. BC Partners Advisors L.P. will back the league's transition to a player-first ownership model.

1 h agoAmerican forces hit multiple Iranian oil tankers in response to Iranian attempts to strike a U.S. warship. The strikes targeted five vessels near Kharg Island, Iran's main oil export hub. Recent tit-for-tat exchanges between Iranian and U.S. forces have intensified following last week's violence.

1 h agoThe White House pulled a block-stacking game called Build the Wall from its online arcade on Tuesday, four days after the Tetris Company warned it takes copyright infringement seriously. The game, subtitled Zombie Border Siege, was part of an arcade launched Thursday that drew criticism for racist themes and potential intellectual property violations.

2 h agoThe 30-man shortlist for the 2026 Ballon d'Or has been named, with last year's winner Ousmane Dembélé, Kylian Mbappé and Harry Kane among the top contenders. The winners will be announced at a ceremony in London on October 26.

3 h agoThe Saudi-backed golf tour filed for bankruptcy in New Jersey carrying debts exceeding $500 million after the Public Investment Fund of Saudi Arabia halted funding beyond the 2026 season. A restructuring deal with BC Partners will allow the tour to resume operations at a reduced scale, with players holding majority ownership stakes.

3 h agoUkraine's defense minister said the country is contracting around 1,000 Patriot missiles with support from allies and an EU loan, though most will arrive in coming years. Germany will deliver PAC-2 interceptor missiles from its stocks, and Britain committed £100 million to Ukraine's air defense package.

3 h agoJudges on Tuesday blocked a Trump-era practice that sent thousands of taxpayer addresses to immigration authorities. The policy breached federal law, the court found.

4 h agoThe phone call was an hour long and the Kremlin characterized it as "extremely frank," according to the Kremlin. US special envoys Steve Witkoff and Jared Kushner had travelled to Moscow and Kyiv over the weekend to discuss a proposal to end the war.