Yasir Al-Rumayyan, the governor of Saudi Arabia’s Public Investment Fund who was behind the creation of LIV Golf, is resigning as LIV chairman as the league seeks a new strategy without Saudi funding, according to a report published Wednesday night.

HONG KONG (AP) – China’s factory activity expanded for a second straight month in April, according to an official survey on Thursday, as its economy remained resilient despite higher energy prices due to the Iran war.

Excerpts from recent editorials in the United States and abroad:

The soccer coach had blocked himself from sportsbooks by the time he found prediction markets. The tax accountant said he “got the same high” on those platforms that he got from gambling. “That was how I relapsed – with Kalshi and Polymarket. I lost a bunch of money.”

NEW YORK (AP) – Teenagers are more inclined than their elders to get news from nontraditional sources such as social media and influencers, heralding a generational shift in how people seek out information. A national study by the Media Insight Project finds 36% of U.S. adults say they get news from social media at least once a day.

Instagram and Facebook parent Meta Platforms Inc. posted results Wednesday for the first quarter that exceeded expectations, showing growth in earnings, but the social media giant also increased its forecasted capital expenditures for the year.

OAKLAND, Calif. (AP) – Elon Musk took the stand for the second day Wednesday in the landmark trial that pits the world’s richest man against Sam Altman, a fellow OpenAI co-founder he accuses of betraying promises to keep the company as a nonprofit dedicated to humanity’s benefit.

Uber is expanding into a different side of the travel business: hotels. The ride-hailing and delivery company said Wednesday that users of its app can now book hotel rooms. Uber is using hotel listings provided by Expedia Group, a booking service that works with 700,000 hotels and other properties globally.