Saudi Arabia's Public Investment Fund will end its financial backing of the LIV Golf league after the current season concludes.

Russian industrial investment sentiment drops to 2008-2009 crisis levels as GDP contracts by 0.3% in the first quarter of 2026, according to official data. High interest rates continue to restrict business activity across the manufacturing sector.

According to the Institute of Economic Forecasting of the Russian Academy of Sciences, Russian industrial investment sentiment has declined to 2008-2009 crisis levels, with only 38% of companies viewing investment levels as normal. Additionally, the Ministry of Economic Development estimates a 0.3% year-on-year decline in GDP for the first quarter of 2026.

Russian Prime Minister Mikhail Mishustin announces a debt write-off of over 114 billion rubles for 21 regions. The government initiative aims to free up regional budget resources to support local economic development and public services.

Russian Prime Minister Mikhail Mishustin announced that the government will partially write off budget loan debts for 21 Russian regions, totaling over 114 billion rubles. The measure is intended to free up resources for regional budgets and support economic development.

Iranian air defense systems engage drones near Qeshm Island in the Strait of Hormuz, according to local media reports. The incident occurred early Wednesday morning.

Iranian media reported that air defense systems were activated against drones near Qeshm Island, located in the vicinity of the Strait of Hormuz.

Israeli fighter jets strike the town of Yohmor Al-Shqif in southern Lebanon. The airstrike targets a location in the southern region of the country.

Israeli fighter jets conducted airstrikes on the town of Yohmor Al-Shqif in southern Lebanon.