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Florida name, image, likeness bill now a law; state athletes can profit from endorsements next summer

Florida name, image, likeness bill now a law; state athletes can profit from endorsements next summer

Skip to main contentSkip to navigation<>A new Florida law will allow college athletes in the state to make money from endorsements starting next summer.Florida Gov. Ron DeSantis signed the bill Friday afternoon, adding an expected increase in urgency to the nationwide movement toward creating more opportunities for athletes to benefit from the billions of dollars generated each year by the college sports industry.In response to legislative action in other states, the NCAA has taken recent steps toward revising rules that currently prohibit student-athletes across the country from...

June 12, 2020
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NCAA group supports player endorsement plan

NCAA group supports player endorsement plan

Skip to main contentSkip to navigation<>The NCAA's top governing body said Wednesday that it supports a proposal to allow college athletes to sign endorsement contracts and receive payment for other work, provided that the schools they attend are not involved in any of the payments.A working group assembled to evaluate potential ways to modernize the NCAA's rules about athletes making money from their names, images and likenesses presented its recommendations to the board of governors during its annual April meeting Tuesday afternoon. The recommendations included significant changes...

April 29, 2020
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Michigan coach Jim Harbaugh wants NFL draft flexibility for college football players

Michigan coach Jim Harbaugh wants NFL draft flexibility for college football players

Skip to main contentSkip to navigation<>coach Jim Harbaugh wants college football players to have the ability to enter the whenever they want to. He also wants players who go unselected in the draft to be allowed to return to school.Harbaugh wrote an open letter Thursday addressed to the "College Football Community," laying out a proposal that would provide more flexibility for players who consider making the jump to pro football despite still having college eligibility.Current NFL rules state that a player must be at least three years removed from high school before entering the...

May 7, 2020
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United Arab Emirates becomes the first Arab country to reach Mars

United Arab Emirates becomes the first Arab country to reach Mars

Key PointsDUBAI, United Arab Emirates — The United Arab Emirates has made history as the first Arab country to reach Mars.The Emirates Mars mission, named the Hope probe, reached the red planet at 7:42 p.m. Tuesday UAE time, and sent its signal back to Earth just over half an hour later. The ground control team at the Mohammed Bin Rashid Space Centre in Dubai erupted in cheers. "204 days and more than 480 million kms later, the is now in the Capture Orbit of ," the official Twitter account of the Hope Mars Mission tweeted shortly afterward, with the hashtag .The feat is monumental. Experts...

February 9, 2021
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Business leaders call for urgent reforms as global economy faces its 'worst state in a century'

Business leaders call for urgent reforms as global economy faces its 'worst state in a century'

Key PointsTop business leaders say the global economy is facing its worst crisis in a hundred years, and "downside risks remain elevated" unless urgent reforms are enacted during the G-20 summit hosted by Saudi Arabia in November."The global economy is in its worst state in a century," warned Yousef Al-Benyan, chairman of the Business Twenty (B20), a group made up of high-level CEOs from around the world. "The challenging opportunity is to build back better, with real urgency required from policymakers and business leaders," he added.The B20 is an engagement group that seeks to represent...

October 5, 2020
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Saudi Aramco profit drops 50% for first half of the year as pandemic batters oil price

Saudi Aramco profit drops 50% for first half of the year as pandemic batters oil price

Key PointsOil giant Saudi Aramco reported a 50% fall in net income for the first half of its financial year, reflecting a devastating year for oil markets and the global economy at large as the world continues to battle the coronavirus pandemic. In a release published Sunday, the company said net income plunged to $23.2 billion in the first six months of the year, down by half from $46.9 billion over the same period in 2019.Saudi Arabia's majority state-owned oil company and the world's largest crude producer also maintained its second-quarter dividend of $18.75 billion, saying it will...

August 9, 2020
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