DIRS.INFO The most relevant business & tech news

☆ U.S. Congress members demand answers on Andretti's exclusion from Formula 1
▼ + stars: | 2024-05-01 | by ( Sahil Kapur | ) www.cnbc.com time to read: +5 min

Twelve members of the U.S. Congress sent a letter to Formula 1 owner Liberty Media on Wednesday demanding answers for why it is excluding Andretti Global from the sport, giving the American team powerful new allies in its bid to enter F1. "Our team, Andretti Global, is part of every major racing discipline in the world. Last fall Formula 1's governing body, the FIA, accepted the racing team's push to join the grid, saying it met the criteria. Because we have an obligation to protect the American consumer, to protect American companies, and that is our first allegiance. The move marks an earthquake for F1 as Newey is widely regarded as the greatest car designer in the sport.

Persons: Mario Andretti, Andretti Cadillac, John James, Gregory Maffei, —, that's, Andretti, James, It's, Jim Jordan, Adrian Newey, Sebastian Vettel, Max Verstappen, Newey Organizations: Auto, U.S, Capitol, U.S . Congress, Liberty Media, Andretti Global, American, General Motors, Formula, Andretti, GM, Cadillac, Rep, FIA, Formula One Management, Miami, Prix, Las Vegas, Red Bull Racing, Red Bull, NBC News Locations: U.S, Michigan, America, Ohio, Austin

☆ Christian Horner: Red Bull suspends female employee who accused team principal of inappropriate behavior, per reports
▼ + stars: | 2024-03-08 | by ( Homero De La Fuente | ) edition.cnn.com time to read: +4 min

CNN —Red Bull has suspended the female employee who accused F1 team principal Christian Horner of inappropriate behavior, according to multiple reports. CNN has been unable to corroborate their authenticity and Red Bull said it would be “inappropriate” to comment on the matter. “The reality is that there was a grievance that was raised, it was dealt with in the most professional manner by the group, not by Red Bull Racing but by the owners of Red Bull GMBH, that appointed an independent KC, that is one of the most reputable KC’s in the land,” Horner said. As far as I’m concerned, as far as Red Bull is concerned, we move on.”‘Focus is very much on the future’Media speculation that three-time F1 world champion Max Verstappen could leave Red Bull Racing has arisen, after his father Jos Verstappen called for Horner’s sacking following the allegations. Clive Rose/Getty ImagesHorner added that he expects Verstappen will see out his contract with the team through 2028.

Persons: Bull, Christian Horner, Horner, Red Bull, ” Horner, “, Max Verstappen, Jos Verstappen, Horner’s, “ I’m, Clive Rose, Verstappen, ”, “ He’s, He’s, we’ve, he’s, Zak Brown, McLaren, CNN’s Amanda Davies, Brown, ” Brown Organizations: CNN, Prix, Red Bull, Red Bull GMBH, KC, McLaren Racing’s, FIA Locations: Jeddah, Saudi Arabia, Bahrain, Red

☆ Christian Horner: Red Bull F1 team principal continues to deny inappropriate behavior after alleged leaked messages
▼ + stars: | 2024-03-01 | by ( Thomas Schlachter | ) edition.cnn.com time to read: +3 min

CNN —Just a day after being cleared of inappropriate behavior by an external investigation, Red Bull Formula One team principal Christian Horner has reiterated that he denies allegations of wrongdoing. This comes after alleged leaked messages were distributed to members of the F1 community Thursday, containing a Google drive of WhatsApp messages. Video Ad Feedback Red Bull team principal Horner cleared of wrongdoing 04:18 - Source: CNN“I won’t comment on anonymous speculation,” Horner said Thursday, per Reuters, following the email’s distribution. I respected the integrity of the independent investigation and fully co-operated with it every step of the way. “The independent investigation into the allegations made against Mr. Horner is complete, and Red Bull can confirm that the grievance has been dismissed,” a statement issued by Red Bull on Wednesday read.

Persons: Christian Horner, Phil Duncan –, Press Association –, “, Red, Mohammed Ben Sulayem, Stefano Domenicali, ” Duncan, Horner, ” Horner, Red Bull, ”, Duncan Organizations: CNN, Red, Formula, Press Association, CNN Sport, Google, ”, Mr, FIA, Red Bull Racing Locations: Bahrain

Formula One's invitation to Andretti Cadillac for an in-person meeting about its application to join the motorsports series was sent via email and landed in a spam folder, which is why Michael Andretti and General Motors representatives never answered the request. The junk email revelation came Friday as Andretti Global sought to clarify two points in the sharply critical document F1 released earlier this week in rejecting the Andretti Cadillac application. An in-person meeting to discuss commercial matters would be and remains of paramount importance to Andretti Cadillac,” the team said. “Andretti Cadillac has been operating with 2026 as the year of entry for many months now," the team said. He then petitioned F1 to expand the grid for what Andretti claims will be a true American team in the series.

Persons: Andretti, Michael Andretti, Stefano Domenicali, “, “ Andretti, Andretti Cadillac, ”, Mario Andretti, Michael rank, Michael Andretti's, Gene Haas, Haas, Colton Herta, Logan Sargeant, Williams Organizations: Andretti Cadillac, General Motors, Andretti Global, Andretti, Formula One Management, FIA, American, Liberty Media Corp, GM, Cadillac, Sauber Locations: American, California

☆ Annuity sales hit a record in 2023. Here's what to know about one popular option
▼ + stars: | 2024-01-30 | by ( Michelle Fox | ) www.cnbc.com time to read: +6 min

Fixed indexed annuity sales brought in a record $95.6 billion, up from 20% from the record hit the year prior. Indexed annuities earn interest that is calculated based on the changes within a market index, such as the S & P 500 or the Nasdaq 100. However, they also receive downside protection: They are credited zero interest if the index their annuity is tracking declines. The term of index annuities typically range from three to 15 years, according to Annuity.org . Fixed indexed annuities can also be complicated, warned David Blanchett, head of retirement research for PGIM DC Solutions.

Persons: Bryan Hodgens, Buyers, Hodges, Cannex, Melody Evans, Evans, David Blanchett, Blanchett, DIAs Organizations: Nasdaq, Cannex, Products, Insurance, TIAA, DC Solutions, FIA Locations: Connecticut

John Kerry, President Joe Biden's climate envoy, is expected to announce at COP28 a global strategy in nuclear fusion. If it is produced using renewables like wind or solar power, as opposed to fossil fuel generated power, it is called green hydrogen. Governments and companies think green hydrogen could be a way to clean up hard-to-decarbonize industries like steel and cement-making and other industrial manufacturing. PwC said technologies like green hydrogen and reducing food waste have relatively high emissions reduction potential, but are receiving a small share of start-up investment. In 2023, green hydrogen got 3.9% of global climate-tech venture funding, while food waste got 0.7%, it said.

Persons: PwC, John Kerry, Joe Biden's, David Schatsky, Schatsky, Timothy Gardner, Richard Valdmanis, Diane Craft Organizations: International Energy Agency, Fusion Industry Association, FIA, Companies, Deloitte, Entrepreneurship, Reuters, Thomson Locations: Olfus, Iceland, Dubai, United States, Texas, Louisiana, Australia, China, Germany, Japan, U.S, ASIA, AFRICA, France, India, Asia, Africa

☆ Explainer-Can Technology Solve the Global Climate Crisis?
▼ + stars: | 2023-12-01 | by ( Dec. | At P.M. | ) www.usnews.com time to read: +6 min

Persons: Timothy Gardner, PwC, John Kerry, Joe Biden's, David Schatsky, Schatsky, Richard Valdmanis, Diane Craft Organizations: Reuters, International Energy Agency, Fusion Industry Association, FIA, Companies, Deloitte, Entrepreneurship Locations: Dubai, United States, Texas, Louisiana, Australia, China, Germany, Japan, U.S, ASIA, AFRICA, France, India, Asia, Africa

Musician Paul McCartney performs during his Got Back tour at SoFi Stadium in Inglewood, California, U.S., May 13, 2022. Tickets priced between 200 reais ($41) and 400 reais ($82), much lower than most of those for the tour, sold out in just a few minutes. Fans who managed to buy tickets received wristbands for the concert. Upon arrival, event organizers sealed up fans' mobile phones and cameras to prevent images being recorded. Reporting by Bernardo Caram; Writing by Steven Grattan; Editing by Bill BerkrotOur Standards: The Thomson Reuters Trust Principles.

Persons: Paul McCartney, Mario Anzuoni, McCartney, Amanda Cardoso, I'd, Bernardo Caram, Steven Grattan, Bill Berkrot Organizations: REUTERS, Rights, Cavern Club, Beatles, Clube, Choro, Thomson Locations: Inglewood , California, U.S, Rights BRASILIA, Liverpool, Brazil, Brasilia, Belo Horizonte, Sao Paulo, Curitiba, Rio de Janeiro

☆ Formula One set to change sprint format for 2024
▼ + stars: | 2023-11-24 | by ( ) www.reuters.com time to read: +2 min

The governing FIA said on Friday its Sporting Advisory Committee would present a final proposal to the F1 Commission in January. "The Commission gave overall support for an update to the sprint format for 2024 to further rationalise the weekend by separating Sprint activities from those for the Grand Prix," the FIA said in a statement. Six of this year's 22 rounds were sprint weekends, including the Qatar Grand Prix in which Red Bull's Max Verstappen clinched his third world title on a Saturday. The current format has qualifying for the grand prix on Friday with sprint qualifying and standalone race filling Saturday's schedule. Points could be awarded more widely for the sprint race, with a possible reverse grid element also under consideration.

Persons: Stefano Rellandini, ABU, Max Verstappen, Red, Christian Horner, Alan Baldwin, Ed Osmond Organizations: Prix, FiA, REUTERS, FIA, Sporting, F1, Sprint, Qatar, Red Bull, F1 Commission, Thomson Locations: Monza, Italy, ABU DHABI, Qatar, London

☆ Formula One trials AI to tackle track limits breaches
▼ + stars: | 2023-11-23 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsABU DHABI, Nov 23 (Reuters) - Formula One's governing body is trialling artificial intelligence (AI) to tackle track limits breaches at this weekend's season-ending Abu Dhabi Grand Prix. The Paris-based FIA said it would be using 'Computer Vision' technology that uses shape analysis to work out the number of pixels going past the track edge. By the title-deciding Qatar weekend in October there were eight people assigned to assess track limits and monitor 820 corner passes, with 141 reports sent to race control who then deleted 51 laps. Stewards said this month that their inability to properly enforce track limits violations at turn six was "completely unsatisfactory" and a solution needed to be found before the start of next season. Malyon said the extra Computer Vision layer would reduce the number of potential infringements being considered by the ROC, with still fewer then going on to race control for further action.

Persons: Dado Ruvic, ABU, Abu, Tim Malyon, Malyon, I’ve, Alan Baldwin, Toby Davis Organizations: REUTERS, Abu Dhabi Grand Prix, FIA, October's U.S, Prix, Stewards, Computer, Thomson Locations: ABU DHABI, Abu Dhabi Grand, Paris, Qatar, Austin, ROC, London

☆ Hamilton denies Red Bull talks, accuses Horner of 'stirring'
▼ + stars: | 2023-11-23 | by ( ) www.reuters.com time to read: +3 min

Horner told the Daily Mail newspaper there had been "several conversations over the years" about Hamilton joining the team who are currently dominant with triple world champion Max Verstappen. Most recently, earlier in the year, there was an inquiry about whether there would be any interest," said the team boss. "SERIOUS TALKS"Horner told the Daily Mail that Hamilton, who has not won a race since 2021, also had talks with Ferrari chairman John Elkann earlier in the year. There were definitely conversations, perhaps with (Ferrari team boss Fred) Vasseur, too. Hamilton, who has said he sees himself at Mercedes "until my last days", denied the Ferrari speculation at the time.

Persons: Lewis Hamilton, Christian Horner, Red Bull Formula, Horner, Hamilton, Max Verstappen, Abu, messaged, I've, Mercedes, Ferrari, Verstappen, Red Bull, John Elkann, Fred, Vasseur, Elkann, Alan Baldwin, Ken Ferris, Toby Davis Organizations: Red Bull, Briton, Mercedes, Daily Mail, Prix, Sky Sports, FIA, Thomson Locations: ABU DHABI, Abu Dhabi, Monaco, London

Fusion could have an important advantage over today's nuclear fission plants that split atoms, as it does not produce long-lasting radioactive waste. The former secretary of state will announce his plan to lay out the strategy - which foresees commercialization within years, not decades - on Monday on a tour of fusion company Commonwealth Fusion Systems near Boston. "I will have much more to say on the United States’ vision for international partnerships for an inclusive fusion energy future at COP28," Kerry said in a statement. Some critics say fusion will be too expensive and take too long to develop to help in the fight against climate change in the foreseeable future. In 2023, international fusion companies have garnered about $1.4 billion in investments for a total of about $6.21 billion in mostly private money, the Fusion Industry Association said, down from about $2.83 billion in new investment last year.

Persons: John Kerry, Kerry, Claudio Descalzi, Valerie Volcovici, Timothy Gardner, Jan Harvey Organizations: Eni, WASHINGTON, Commonwealth Fusion Systems, Fusion, Massachusetts Institute of Technology, Commonwealth, United, U.S, National, Fusion Industry Association, FIA, Thomson Locations: U.S, Dubai , U.S, Boston, California, United States, COP28, Germany, Japan, China, Australia

LAS VEGAS (AP) — Ferrari rebounded from a disastrous first day of the Las Vegas Grand Prix with a Charles Leclerc and Carlos Sainz Jr. sweep of Friday night qualifying. After the qualifying run, Sainz was struggling to balance the showmanship of F1's first visit to Las Vegas in 41 years and the damage to the sporting element of the biggest spectacle on the series' 22-race calendar. F1 and owner Liberty Media have spent $500 million on the race that uses the Strip and incorporates several Las Vegas landmarks. “But I see the race as a very good opportunity for F1 and I think F1, it's a good thing that's in Las Vegas and I am enjoying coming to Las Vegas. He's been critical of the event since before he even arrived because he believes F1 has put too much emphasis on the entertainment value of the Las Vegas race.

Persons: — Ferrari, Charles Leclerc, Carlos Sainz Jr, Sainz, Ferrari, ”, ” Leclerc, Max Verstappen, “, Red Bull, He's, ” Verstappen, Carlos, ” George Russell, Pierre Gasly, Williams, Alex Albon, Logan Sargeant, Sargeant . Sargeant, We’ve, ” Lewis Hamilton, Sergio Perez, McLaren, Lando Norris, Oscar Piastri, ___ Organizations: LAS VEGAS, Las Vegas, Ferrari, FIA, Liberty Media, ”, Red, Las, League, National League, Mercedes, American Locations: Las Vegas, United States, Vegas, Alpine, Florida

LAS VEGAS (AP) — The first Formula One practice of the Las Vegas Grand Prix was halted less than 21 minutes into Thursday night's session after Carlos Sainz Jr. ran over a manhole cover on the track. Race officials released a statement that an inspection by Formula One and FIA determined “a single water valve cover ... Sainz appeared to run over the manhole cover just nine minutes into the practice on the street course that stretches down the famed Strip. The session never resumed, but it took about 11 more minutes for the FIA to cancel the session. Ocon said as he passed Sainz on the track, he believed he hit the dislodged cover.

Persons: Carlos Sainz Jr, Sainz, Ferrari, ” Ferrari, Fred Vasseur, Esteban Ocon, Ocon, ___ Organizations: LAS VEGAS, Las Vegas, Formula One, FIA, Ferrari

☆ Las Vegas GP: First practice cancelled after broken manhole cover damages car of Carlos Sainz
▼ + stars: | 2023-11-17 | by ( ) www.cnbc.com time to read: +1 min

Track officials repair an area of track surrounding a drain as seen from the McLaren VISTA during practice ahead of the F1 Grand Prix of Las Vegas at Las Vegas Strip Circuit on November 16, 2023 in Las Vegas, Nevada. Formula 1's return to Las Vegas was thrown into chaos as the opening practice session was cancelled after just eight minutes of action due to a broken drain cover damaging Carlos Sainz's car. Ocon's Alpine then suffered damage under the red flag when it hit the scattered debris left by the Sainz incident. A further 11 minutes passed before a decision taken to cancel the session, with second practice subsequently pushed back two hours from its scheduled start time to 10am. An FIA statement had earlier said: "Following inspection, it was the concrete frame around a manhole cover that has failed.

Persons: Carlos Sainz's, Sainz's Ferrari, Sainz Organizations: McLaren, Las Vegas, Circuit, Las, FIA Locations: Las Vegas , Nevada, Las Vegas

LAS VEGAS (AP) — Formula One is hoping to turn its luck around on the Strip, like so many other Las Vegas visitors who blow a big bankroll soon after they arrive. F1 ran a 90-minute session until 4 a.m. — when the streets had to be returned to the city for morning commuter traffic. A penalty because he ran over a drainage cover on the Las Vegas Strip, something completely out of his control and extremely dangerous considering it penetrated his seat? Because governing body FIA has no mechanism not to penalize a team that makes extensive car changes during a race weekend, Sainz has, of course, been penalized. Las Vegas is the most expensive race to attend to on the 24-event schedule.

Persons: Carlos Sainz Jr, Ferrari — Sainz, Stefano Domenicali, Renee Wilm, “, ”, let’s, ” It's, Sainz, Ferrari, Charles Leclerc, Max Verstappen, Mercedes, Toto Wolff, Williams, James Vowles, Fred Vasseur, I’m, ” Wolff, ___ Organizations: LAS VEGAS, Liberty Media, Las Vegas, Saturday, Las, FIA, F1, Locals, Liberty, Netflix Locations: Sin City, United States, Vegas, Europe, Las Vegas

[1/5] Formula One F1 - Las Vegas Grand Prix - Las Vegas Strip Circuit, Las Vegas, Nevada, U.S - November 16, 2023 Stewards use a crane to remove the Ferrari of Carlos Sainz Jr. after the cancellation of the first practice session due to a drain cover that came off the asphalt and hit the car. The survival cell, engine, battery and control electronics were all damaged beyond repair during an incident that Ferrari team principal Frederic Vasseur called "unacceptable." "I think it's tough for a team to arrive in Vegas and to have this kind of incident," he said as mechanics rebuilt Sainz's car. read moreAlpine driver Esteban Ocon's chassis also needed to be replaced due to damage but he too returned for second practice. The sessions along the transformed Strip marked F1's return to Las Vegas for the first time in nearly 40 years.

Persons: Carlos Sainz Jr, Sainz, Charles Leclerc, Ferrari, Carlos Sainz, Frederic Vasseur, Esteban Ocon's, Fernando Alonso, Aston Martin, Red Bull's Sergio Perez, Valtteri, Alfa Romeo, Red, Max Verstappen, Verstappen, I've, Mercedes, Lewis Hamilton, I'm, Vasseur, McLaren, Zak Brown, Toto Wolff, Wolff, Leclerc, Haas, Nico Hulkenberg, Kevin Magnussen, Rory Carroll, Alan Baldwin, Miral Fahmy, Toby Davis Organizations: Las Vegas, Las Vegas Strip, VEGAS, Ferrari, FIA, Aston, Alfa, Briton, Liberty, Thomson Locations: Las Vegas , Nevada, U.S, Vegas, Qatar, Las Vegas, Monaco, Baku, Los Angeles, London

Formula One F1 - Las Vegas Grand Prix - Las Vegas Strip Circuit, Las Vegas, Nevada, U.S. - November 15, 2023 Ferrari's Charles Leclerc talks to the media ahead of the Las Vegas Grand Prix REUTERS/Finn Blake Acquire Licensing RightsLAS VEGAS, Nov 16 (Reuters) - The first practice session of the Las Vegas Grand Prix was cancelled on Thursday just eight minutes in to repair the track after a faulty water valve cover badly damaged Carlos Sainz's Ferrari. Ferrari team principal Frederic Vasseur said two-thirds of the car would need to be changed out and called the situation "unacceptable." "These cars are generating huge amounts of suction underneath now," said Williams Racing team principal James Vowles. Mercedes team principal Toto Wolff lashed out at a reporter who asked how the cancelled practice was not a "black eye" for F1. The brief first test of the course along the transformed Strip marks F1's return to Las Vegas for the first time in nearly 40 years.

Persons: Ferrari's Charles Leclerc, Finn Blake, Carlos Sainz's Ferrari, Frederic Vasseur, Carlos, Vasseur, Esteban Ocon's, Williams, James Vowles, McLaren, Zak Brown, Mercedes, Toto Wolff, Wolff, Haas, Nico Hulkenberg, Kevin Magnussen, Max Verstappen, Logan Sargeant, Rory Carroll, Miral Organizations: Las Vegas, Las Vegas Strip, Las Vegas Grand Prix REUTERS, LAS VEGAS, Prix, Ferrari, FIA, Williams Racing, Thomson Locations: Las Vegas , Nevada, U.S, Baku, Montreal, Las Vegas, Los Angeles

☆ Sainz hit with Las Vegas grid drop after drain damage
▼ + stars: | 2023-11-17 | by ( ) www.reuters.com time to read: +2 min

[1/2] Formula One F1 - Las Vegas Grand Prix - Las Vegas Strip Circuit, Las Vegas, Nevada, U.S - November 16, 2023 Ferrari's Carlos Sainz Jr. walks into the pits REUTERS/Mike Blake Acquire Licensing RightsLAS VEGAS, Nov 17 (Reuters) - Ferrari's Carlos Sainz will have a 10 place grid penalty at the Las Vegas Grand Prix after a loose drain cover wrecked his car and forced the cancellation of Thursday's opening practice. Race stewards turned down the Italian team's request for penalty-free repairs because they said they were obliged to apply the regulations as written. "I think it's tough for a team to arrive in Vegas and to have this kind of incident," he said. First practice lasted only eight minutes before Sainz's Ferrari hit the drain cover in a storm of sparks. "You've got to say that's force majeure, that's nothing of their own doing," he told Sky Sports television.

Persons: Ferrari's Carlos Sainz Jr, Mike Blake, Ferrari's Carlos Sainz, Spaniard Sainz, Ferrari, Fred Vasseur, Sainz's Ferrari, McLaren, Zak Brown sympathised, You've, Alan Baldwin, Toby Davis Organizations: Las Vegas, Las Vegas Strip, LAS VEGAS, Ferrari, Sky Sports, Thomson Locations: Las Vegas , Nevada, U.S, Vegas, London

☆ GM plans F1 power unit supply to Andretti from 2028
▼ + stars: | 2023-11-14 | by ( ) www.reuters.com time to read: +3 min

REUTERS/Rebecca Cook/File Photo Acquire Licensing RightsNov 14 (Reuters) - General Motors has formally registered with Formula One's governing body to provide power units to a proposed Andretti Cadillac team from 2028, the U.S. carmaker announced on Tuesday. "We are thrilled that our new Andretti Cadillac F1 entry will be powered by a GM power unit," said GM President Mark Reuss in a statement issued ahead of this weekend's Las Vegas Grand Prix, one of three races in the United States. "With our deep engineering and racing expertise, we’re confident we'll develop a successful power unit for the series, and position Andretti Cadillac as a true works team. Formula One will have new engine regulations from 2026, with GM set to be the seventh manufacturer if Andretti secure approval. "Engineering a F1 power unit will advance GM’s expertise in areas including electrification, hybrid technology, sustainable fuels, high efficiency internal combustion engines, advanced controls and software systems," the carmaker said.

Persons: Rebecca Cook, Andretti, carmaker, Mark Reuss, Andretti Cadillac, Stefano Domenicali, Michael Andretti, Mario, Mercedes, Red Bull, Bruno Famin, We're, Alan Baldwin, Andrew Heavens Organizations: General Motors, REUTERS, Formula, Andretti Cadillac, FIA, Andretti, GM, Las Vegas, Formula One Management, U.S, Prix, Ferrari, Renault, Audi, Honda, Thomson Locations: Detroit , Michigan, U.S, United States, Austin, London

LAS VEGAS (AP) — General Motors said Tuesday it has registered with Formula One's governing body to become an engine supplier starting in 2028 in what is seen as a huge boost to Michael Andretti's bid to join the global motorsports series. “We are thrilled that our new Andretti Cadillac F1 entry will be powered by a GM power unit,” GM President Mark Reuss said. GM in January announced its partnership with Andretti Global under its Cadillac banner on Andretti's application to join F1. GM doesn't have its own F1 power unit and said its effort would be in conjunction with an existing manufacturer. If Andretti gets approved to join an expanded F1 grid, he would have to use another manufacturer's engine until 2028.

Persons: Motors, Michael Andretti's, Mark Reuss, Andretti Cadillac, Andretti, GM isn't, Ford, Red Bull, Honda, Colton Herta, Mario Andretti, Michael, Gene Haas, Haas, Kevin Magnussen, Nico Hulkenberg, Hulkenberg Organizations: LAS VEGAS, —, Formula, Andretti Cadillac, GM, Las Vegas, Prix, Andretti Global, GM doesn't, FIA, Audi, Sauber, Andretti, Associated Press, AP, Renault, IndyCar Locations: California, Denmark, Germany

☆ McLaren can be a real threat to Red Bull next season, says Brawn
▼ + stars: | 2023-11-14 | by ( Alan Baldwin | ) www.reuters.com time to read: +2 min

REUTERS/Leonhard Foeger/ File Photo Acquire Licensing RightsLONDON, Nov 14 (Reuters) - Ross Brawn is tipping a resurgent McLaren to take the fight to dominant Red Bull and triple world champion Max Verstappen next season. So, I think with that improvement going into next season they can be a real threat. Brawn was also optimistic Ferrari would improve under Fred Vasseur's guidance but recognised Red Bull would not be standing still and had the added benefit of being able to switch attention early to next year's car. Red Bull have so far won 19 of 20 races, with Verstappen triumphant 17 times -- a record for a single season that he can extend in Las Vegas this weekend -- and team mate Sergio Perez twice. I think sometimes when you get a team dominating you'd hope that both drivers would be fighting each other and that hasn't happened with Red Bull, which is a shame," said Brawn.

Persons: Jean Todt, Motorsports Ross Brawn, Chase Carey, Niki Lauda's, Leonhard Foeger, Ross Brawn, Red, Max Verstappen, Brawn, Michael Schumacher, Mercedes, McLaren, Andrea Stella, I'm, They’ve, Britain's Lando Norris, Oscar Piastri, Norris, Fred Vasseur's, Red Bull, Bull, Verstappen, Sergio Perez, It's, Alan Baldwin, Christian Radnedge Organizations: de, Formula, Motorsports, REUTERS, McLaren, Red Bull, Ferrari, Disney, Qatar, Thomson Locations: Stephen's, Vienna, Austria, Las Vegas

☆ Brawn relives highs and lows of his team's 2009 fairytale
▼ + stars: | 2023-11-14 | by ( Alan Baldwin | ) www.reuters.com time to read: +4 min

Formula One - F1 - Chinese Grand Prix - Shanghai, China - 6/4/17 - Formula One Managing Director of Motorsports Ross Brawn walks at the Shanghai International Circuit ahead of the Chinese F1 Grand Prix. The story has now been re-told in a four-part series 'Brawn: The Impossible Formula 1 Story' on Disney+, with Hollywood A-lister Keanu Reeves the host and narrator. They had no engine to power the car until Mercedes, with the help of then-McLaren team boss Martin Whitmarsh, came to the rescue. "We had that wonderful period at the beginning (of 2009) when everyone assumed it was a slam dunk, you know? Brawn, a Formula One employee, avoided comment on that situation with the steady hand of a man who has steered his own ship through far choppier waters.

Persons: Motorsports Ross Brawn, Aly, Ross Brawn, Jenson Button, lister Keanu Reeves, Brawn, Mercedes, Martin Whitmarsh, Lewis Hamilton, Michael Andretti, Alan Baldwin, Christian Radnedge Organizations: Prix, Motorsports, Shanghai, Circuit, Brawn, Disney, Hollywood, Ferrari, Honda, Reuters, Mercedes, McLaren, General Motors, FIA, Formula, Thomson Locations: Shanghai, China, Britain, Paris

☆ U.S. GP results stand after F1 stewards reject Haas appeal
▼ + stars: | 2023-11-09 | by ( ) www.reuters.com time to read: +2 min

Stewards ruled, in a lengthy statement, that Haas had presented no significant and relevant new element that was unavailable to them at the time of the Oct. 22 race in Austin, Texas. The decision was reached after a virtual hearing that started on Wednesday and was deferred to Thursday. Haas, last in the championship, sought the review during last weekend's Sao Paulo Grand Prix because they believed some rivals exceeded track limits without sanction. The U.S.-owned team argued that the track limit infringements were "neither noted, nor investigated nor penalized by the stewards as reflected in the final classification." The stewards found the onboard camera footage of Albon's Williams and following cars was significant but not new, previously unavailable or relevant.

Persons: Haas, Nico Hulkenberg, Brian Snyder, Aston Martin, Williams, Red Bull, McLaren, Ferrari, Alex Albon, Logan Sargeant, Red Bull's Sergio Perez, Aston, Lance, Albon's Williams, Albon, Sargeant, Alan Baldwin, Pritha Sarkar Organizations: United, Prix, U.S, Formula, Stewards, Sao Paulo, Sao Paulo Grand Prix, FIA, Red, Austin, Thomson Locations: United States, Americas, Austin , Texas, U.S, Sao Paulo Grand

"The revenue service is already organizing the implementation of this minimum taxation on multinationals," she said in an interview on Wednesday. The revenue service did not immediately respond to a request for comment. It advocates that this mechanism will ensure that large multinational companies pay a minimum 15% tax on their profits in all jurisdictions where they operate to deter profit-shifting to tax-favorable locations. The OECD estimates that the global minimum tax, already under way in countries including South Korea and Japan, could generate up to $200 billion in additional annual revenue. She also said Brazil aims to go further in the global tax discussion to reduce differences between advanced and emerging economies and to promote the green agenda.

Persons: India Narendra Modi, Luiz Inacio Lula da Silva, Joe Biden, Rishi Sunak, Kenny Holston, Tatiana Rosito, Maria Carolina Sampaio, GVM, Rosito, Marcela Ayres, Bernardo Caram, Matthew Lewis Organizations: U.S, UK, Rights, Finance, Reuters, Organization, Economic Cooperation, Development, OECD, International Monetary Fund, Thomson Locations: India, Brazil, New Delhi, Rights BRASILIA, South Korea, Japan, United States, Rosito, Brasilia

Search resuls for: "FIA"

25 mentions found