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☆ Pirelli gets new board after battle over Chinese influence
▼ + stars: | 2023-07-31 | by ( ) www.reuters.com time to read: +2 min

MILAN, July 31 (Reuters) - Pirelli (PIRC.MI) investors on Monday approved a new board for the tyremaker, giving it a new three-year governance set-up after the Italian government last month took steps to curb the influence of the company's leading Chinese investor. Andrea Casaluci, previously General Manager Operations, has been promoted to CEO, Pirelli said in a statement. Pirelli's new chairman is Jiao Jian, the chief executive of leading shareholder Sinochem (600500.SS), the state-owned Chinese group. The intervention strengthened the influence of Camfin even though it has a smaller stake than Sinochem in the company, the tyre supplier for Formula One motor racing. As part of the measures, Camfin retained the power to designate Pirelli's CEO and set strategies, with limited power for Sinochem to influence the group's management.

Persons: Andrea Casaluci, Pirelli, Marco Tronchetti Provera, Provera, Jiao Jian, Sinochem, Camfin, Giulio Piovaccari, Alvise Armellini, Mark Potter Organizations: MILAN, Pirelli, Formula, Thomson Locations: Italian, Sinochem, China's

☆ Winning streak 'keeps the fire going', says Verstappen
▼ + stars: | 2023-07-31 | by ( Alan Baldwin | ) www.reuters.com time to read: +3 min

Since those musings at a race won by Mexican team mate Sergio Perez, Verstappen has won every grand prix to go 125 points clear at the top -- the equivalent of five victories -- and take his career tally to 45 wins. Soon to be a triple world champion, Verstappen has a contract to the end of 2028 -- by which time who knows how many wins and titles he will have. If I have to rock up and I have no chance of winning then the fire starts to go away," the Dutch driver said at Spa-Francorchamps. Retired four-time world champion Sebastian Vettel is the only driver to have won nine in a row in a single season, with Red Bull in 2013. Red Bull have yet to end a season with their drivers one-two in the standings and Perez's task is to make sure he finishes runner-up this time.

Persons: Max Verstappen, Johanna Geron, Sergio Perez, Verstappen, Red Bull, Sebastian Vettel, Christian Horner, Horner, Perez, Checo, Max, Bull, Alan Baldwin, Ken Ferris Organizations: Belgian, Prix, Red Bull Formula, Spa, Zandvoort, Red, Thomson Locations: Spa, Belgium, Azerbaijan, Mexican, Abu Dhabi, Baku, London

☆ 'Sparky' radio exchanges were only half serious, says Verstappen
▼ + stars: | 2023-07-30 | by ( Alan Baldwin | ) www.reuters.com time to read: +2 min

SPA-FRANCORCHAMPS, Belgium, July 30 (Reuters) - "Sparky" radio exchanges between Max Verstappen and his long-time race engineer Gianpiero "GP" Lambiase entertained a global audience during Sunday's Belgian Grand Prix but also raised questions about the rapport between the two. Verstappen, completely dominant on track with his eighth win in a row for Red Bull, said all was fine and the pair had a very good relationship. "You used a lot of tyre on the out-lap Max, not sure that was sensible," the engineer observed in another comment. "GP and Max have been together since the first race that Max stepped into the car," he added. "To race engineer Max Verstappen you've got to have strength of character, because he is one tough customer and many race engineers would crumble under that pressure," he said.

Persons: Max Verstappen, Gianpiero, Lambiase, Red Bull, Verstappen, Helmut Marko, Max, Christian Horner, you've, Jason Statham, Horner, Max Verstappen you've, Alan Baldwin, Hugh Lawson Organizations: Belgian, Prix, Red Bull, Team, Thomson Locations: Belgium

☆ U.S. Justice Department investigating Memphis police for civil rights violations
▼ + stars: | 2023-07-27 | by ( Jonathan Allen | ) www.reuters.com time to read: +1 min

July 27 (Reuters) - The U.S. Department of Justice's Civil Rights Division has opened an investigation into whether the Memphis Police Department has an unconstitutional "pattern or practice" of using excessive force and racial discrimination, department officials announced on Thursday. Earlier this year, the Justice Department agreed to join city officials and other agencies in a review of the Memphis Police Department after its officers fatally beat Tyre Nichols, a 29-year-old Black man, in the Tennessee city in January. The federal investigation announced on Thursday is not tied to any specific incident, Assistant Attorney General Kristen Clarke said at a press conference, though she noted Nichols' "tragic death" in her remarks. "City and police department leaders recognize the need to scrutinize the police department's practices to prevent such incidents from ever happening again," Clarke said. Reporting by Jonathan Allen in New York; Editing by Aurora EllisOur Standards: The Thomson Reuters Trust Principles.

Persons: Tyre Nichols, Kristen Clarke, Nichols, Clarke, Jonathan Allen, Aurora Ellis Organizations: U.S . Department of Justice's Civil, Memphis Police Department, Justice Department, Thomson Locations: Tennessee, New York

☆ Justice Dept. Opens Civil Rights Investigation of Memphis Police
▼ + stars: | 2023-07-27 | by ( Rick Rojas | More About Rick Rojas | ) www.nytimes.com time to read: +1 min

The Justice Department said on Thursday that it had begun a sweeping civil rights investigation into policing in Memphis, examining allegations of pervasive problems with excessive force and unlawful stops of Black residents that were amplified by the fatal beating of Tyre Nichols in January. In announcing the investigation, officials specifically cited the death of Mr. Nichols, a 29-year-old Black man, whose beating by Memphis police officers on Jan. 7, 2023, was captured by body camera and surveillance footage. The case stoked outrage across the country and directed intense scrutiny onto how the Memphis Police Department operates. The investigation, officials said, intends to explore those broader concerns and whether there has been a pattern or practice of violating civil rights. Kristen Clarke, the assistant attorney general for the Justice Department’s Civil Rights Division, said on Thursday that though Mr. Nichols’s death was a factor in the investigation, the inquiry was “not based on a single incident or event.”

Persons: Tyre Nichols, Nichols, George Floyd, Breonna Taylor, Kristen Clarke, Nichols’s, ” Organizations: Memphis, Memphis Police Department, Justice Department’s Civil Rights Division Locations: Memphis, Minneapolis, Louisville, Ky

☆ Goodyear Tire to expand board in settlement with Elliott
▼ + stars: | 2023-07-25 | by ( ) www.reuters.com time to read: +2 min

The firm urged the company to refresh the board, sell its stores and conduct an operational review. On Tuesday, Goodyear said it would establish a strategic and operational review committee. Elliott, which has a history of taking board seats at companies including Twitter and eBay, had previously criticized the tyre-manufacturer for mismanagement and lagging behind its rivals, Michelin and Bridgestone. "We have been encouraged by Goodyear's openness to taking actions necessary to realize its full potential," Elliott executives said in a statement on Tuesday. Evercore, Lazard and Goldman Sachs are financial advisers to Goodyear, while Paul Weiss the legal counsel.

Persons: Goodyear, Richard Kramer, Elliott, Lazard, Goldman Sachs, Paul Weiss, Nathan Gomes, Sriraj Organizations: Goodyear Tire &, Elliott Investment Management, Twitter, eBay, Michelin, Bridgestone, Evercore, Goodyear, Thomson Locations: Tyre, Akron , Ohio, Bengaluru

☆ Hamilton pips Verstappen for record pole in Hungary
▼ + stars: | 2023-07-22 | by ( Alan Baldwin | ) www.reuters.com time to read: +3 min

We've been pushing so hard over this time to finally get a pole and it just feels like the first time." Every session has been up and down," said Verstappen, who had been chasing his sixth pole in a row. McLaren's Lando Norris qualified third with Australian rookie team mate Oscar Piastri alongside and Alfa Romeo's Guanyu Zhou fifth. The Australian, a winner in Hungary with Red Bull in 2014, will start 13th with Tsunoda 17th on the grid. China's Zhou was fastest in the first phase on hard tyres, with Norris quickest in phase two on mediums.

Persons: Hamilton, Verstappen, Norris, Lewis Hamilton, Max Verstappen, Briton, It's, I've, hoarse, I’ve, We’re, McLaren's Lando Norris, Oscar Piastri, Alfa Romeo's, Zhou, Ferrari's Charles Leclerc, Valtteri, Alfa Romeo, Fernando Alonso, Aston Martin, Red Bull's Sergio Perez, Haas's Nico Hulkenberg, George Russell, Russell, Daniel Ricciardo, Yuki Tsunoda, Red Bull, Ferrari's Carlos Sainz, Alonso pipped, China's Zhou, Alan Baldwin, Frances Kerry Organizations: Hamilton, Australian, Alfa, Aston, Verstappen, Miami, Tsunoda, Christian, Thomson Locations: Hungary, Hungarian, Saudi Arabia, Japanese, London

☆ Perez crashes in first Hungarian practice
▼ + stars: | 2023-07-21 | by ( ) www.reuters.com time to read: +2 min

[1/3] Formula One F1 - Hungarian Grand Prix - Hungaroring, Budapest, Hungary - July 21, 2023 Marshals remove Red Bull's Sergio Perez car from the track during practice REUTERS/Bernadett SzaboBUDAPEST, July 21 (Reuters) - Red Bull's Sergio Perez made a nightmare start to his Hungarian Grand Prix weekend by crashing after two minutes of Friday's opening practice before rain made the rest of the session largely meaningless. "I cannot believe this," said Perez over the team radio, with the stricken car looking like it had suffered some heavy damage. Perez missed the rest of the session, with the car taken back to the pits on a truck for mechanics to start what could be extensive repairs. Mercedes' seven times world champion Lewis Hamilton, winner a record eight times in Hungary, was one of the seven. Ferrari's Carlos Sainz also brought out red flags when he beached his car on a kerb at turn three with 14 minutes remaining.

Persons: Sergio Perez, Bernadett Szabo, Bull's Sergio Perez, Max Verstappen, Perez, Red Bull, Daniel Ricciardo, Christian Horner, Mercedes, George Russell, Oscar Piastri, Lance, Aston Martin, Lando Norris, Verstappen, Lewis Hamilton, Ferrari's Carlos Sainz, Alan Baldwin, Toby Davis Organizations: REUTERS, Hungarian, Red, McLaren, Aston, Briton, Thomson Locations: Budapest, Hungary, Bernadett Szabo BUDAPEST, London

☆ HulKENberg? Haas driver laughs off his Barbie movie look
▼ + stars: | 2023-07-20 | by ( ) www.reuters.com time to read: +1 min

BUDAPEST, July 20 (Reuters) - Haas Formula One driver Nico Hulkenberg joked about his Barbie movie vibe after turning up at the Hungarian Grand Prix on Thursday with a striking dyed bleach blond look. "No, not a bet... you know, that Barbie movie came out and I thought a bit of extra PR for me would be pretty handy this time of the season," he said. More seriously, Hulkenberg expected another tough weekend for his U.S.-owned team despite some minor upgrades to the car's floor. That means hard for the first phase, mediums for the second and softs for the final top 10 shootout. Haas are eighth overall after 10 races with Hulkenberg scoring nine of their 11 points to date.

Persons: Nico Hulkenberg, Barbie, Ken, Hulkenberg, Haas, Alan Baldwin, Pritha Sarkar Organizations: Haas, Thomson Locations: BUDAPEST, Hungarian, London

☆ Ricciardo says he's refreshed and ready to go
▼ + stars: | 2023-07-20 | by ( Alan Baldwin | ) www.reuters.com time to read: +3 min

July 20 (Reuters) - Daniel Ricciardo said he was refreshed and ready to go for a Formula One comeback with AlphaTauri at the Hungarian Grand Prix that he hopes will lead to a dream return to dominant champions Red Bull. The eight times grand prix winner has replaced Dutch driver Nyck de Vries at Red Bull's sister team for the rest of the season. "The dream is a Red Bull seat but there is no 'this is what you need to do'," said Ricciardo, who had been due to spend the 2023 season as Red Bull reserve while assessing his future after a tough two years at McLaren. Red Bull boss Christian Horner said this week that Ricciardo had returned with some 'bad habits' but was now back to the driver of old. "I think the time off was really, really beneficial for me and I'm in a place now where I'm just hungry and ready to go...so, pretty pumped."

Persons: Daniel Ricciardo, AlphaTauri, Red Bull, Nyck de Vries, Red, Mexican Sergio Perez, Max Verstappen, Ricciardo, I've, I'm, Bull, de Vries, it's, Oscar Piastri . Red Bull, Christian Horner, It's, Alan Baldwin, Toby Davis Organizations: Formula, Red, Red Bull, McLaren, Silverstone, Renault, Thomson Locations: Hungarian, Dutch, Mexican, Budapest, London

☆ Daniel Ricciardo returns to F1 grid as Australian driver replaces Nyck de Vries at AlphaTauri
▼ + stars: | 2023-07-12 | by ( Matias Grez | ) edition.cnn.com time to read: +3 min

CNN —Daniel Ricciardo is making a surprising mid-season return to the Formula One grid, with the Australian driver replacing the struggling Nyck de Vries at AlphaTauri. Ricciardo, currently a Red Bull reserve driver, is being sent “on loan” to Red Bull’s feeder team for the remainder of the 2023 season, the team announced Tuesday. The 34-year-old, who will race for AlphaTauri in the next grand prix in Hungary on July 23, said he was “stoked to be back on track with the Red Bull family,” according to the F1 website. “It was great to see Daniel hasn’t lost any form while away from racing and that the strides he has been making in his SIM sessions translate on track,” Red Bull team principle Christian Horner said. After a fast start to the season, Perez has made the podium just once in the last five races.

Persons: CNN — Daniel Ricciardo, Vries, Ricciardo, “, ”, Bull, Lawrence Barretto, Daniel hasn’t, Red, Christian Horner, Daniel, ” Ricciardo, AlphaTauri –, Toro Rosso –, Red Bull, De Vries, Mark Thompson, Pierre Gasly, Toro Rosso, Alex Albon, ’ Sergio Perez, Max Verstappen, Perez Organizations: CNN, Red Bull, AlphaTauri, Scuderia AlphaTauri, Bull, Renault, McLaren, Red, Monaco Locations: AlphaTauri, Hungary, British

☆ Formula One's Netflix effect filtering down to schools
▼ + stars: | 2023-07-12 | by ( Alan Baldwin | ) www.reuters.com time to read: +2 min

LONDON, July 12 (Reuters) - Organisers of the 'F1 in Schools' competition say the Netflix 'Drive to Survive' effect is reaching the classroom with a record number of teams entered in this year's finals in Singapore in September. "There's 68% girls in Saudi doing it and three (Saudi) teams coming with a majority of girls," said Denford. The programme launched in Britain in 2000 with eight schools in Wakefield and now has more than 28,000 educational institutions involved worldwide. At the youngest level, kids start at the age of nine with paper cars powered by bicycle pumps. In the top 11-19 age bracket the cars are carved from a block of balsa wood and powered by a gas canister.

Persons: Andrew Denford, We've, Alan Baldwin, Toby Davis Organizations: Schools, Netflix, Singapore, Prix, Saudi, Formula, Pirelli, Thomson Locations: Singapore, Saudi, Britain, Wakefield, Soweto, Brazil

☆ Murders, on the Decline
▼ + stars: | 2023-06-26 | by ( German Lopez | ) www.nytimes.com time to read: +2 min

And with less confidence in the justice system, some Americans resort instead to violence to resolve conflicts. Between 2014 and 2016, murders also increased after widely publicized police killings of Black men in Ferguson, Mo. This year, Memphis is among a minority of big cities where murders have increased — and Memphis is also where officers were charged in the beating and killing of Tyre Nichols in January. Crime is an incredibly complicated topic, involving personal disputes, the economy, social services, the political system and more. A few decades, much less a couple of years, is typically too little time to explain a trend definitively.

Persons: Tyre Nichols, Jeff Asher Organizations: Baltimore Banner Locations: Ferguson, Mo, Baltimore, Memphis

☆ Chinese economic planner woos European giants Airbus, BMW despite unresolved tensions over Ukraine
▼ + stars: | 2023-06-23 | by ( Laura He | ) edition.cnn.com time to read: +3 min

The Chinese planner said it supports domestic airlines cooperating with Airbus according to their needs. He also witnessed the signing of the agreements between the NDRC and the European companies separately in Berlin and Paris, according to the Chinese planner. Relations are also strained from recent moves by European Union regulators and governments to limit China’s access to sensitive technology. In March, the European Commission president Ursula von der Leyen called on Europe to reassess its diplomatic and economic relations with China. “Germany is committed to actively broadening our economic relations with Asia and beyond,” Scholz said at a joint press conference with Li, according to French news agency AFP.

Persons: Guillaume Faury, Zheng Shanjie, Li Qiang, Li, Ursula von der Leyen, Olaf Scholz, ” Scholz, China’s Sinochem Organizations: Hong Kong CNN, Moscow, Airbus, BMW, Mercedes, Benz, Volkswagen, Siemens, BASF, National Development, Reform Commission, Union, ASML, European, AFP Locations: Hong Kong, China, Ukraine, Paris, Tianjin, Europe, European, Berlin, Beijing, Russia, United States, Netherlands, Germany, Asia, Italy

☆ Ricciardo says racing for Red Bull again would be 'fairytale'
▼ + stars: | 2023-06-20 | by ( ) www.reuters.com time to read: +2 min

June 20 (Reuters) - Australian Daniel Ricciardo has raised the possibility of racing again for Red Bull as a 'fairytale' ending to his Formula One career. The 33-year-old is spending a year on the sidelines as Red Bull reserve after being replaced at McLaren by compatriot Oscar Piastri. Ricciardo raced for Red Bull from 2014 to 2018, winning seven races, after two seasons with sister team Toro Rosso (now AlphaTauri) from 2012-13. "Honestly, the fairytale ending (would be) to finish my career here (at Red Bull) if I could have it all my own way," he said. Ricciardo has been working in the simulator and will drive the Red Bull car at a Silverstone tyre test after next month's British Grand Prix.

Persons: Daniel Ricciardo, Red Bull, Oscar Piastri, Ricciardo, Toro Rosso, Max Verstappen, Yuki Tsunoda, Nyck de Vries, Bull, Verstappen, Mexican Sergio Perez, Perez, Alan Baldwin, Toby Davis Organizations: Red Bull, McLaren, ESPN, Silverstone, Thomson Locations: Mexican, British, London

☆ Team by team analysis of the Canadian Grand Prix
▼ + stars: | 2023-06-19 | by ( ) www.reuters.com time to read: +4 min

Russell brought out the safety car when he hit the wall on lap 12. Stroll started 16th after a three-place drop for impeding. Gasly pitted just before the safety car period, while Ocon came in during it from fourth place. The German pitted on lap 11 before the safety car was deployed and fell back due to tyre degradation. Magnussen started 13th on hard tyres and stayed out when the safety car was deployed.

Persons: Montreal's Circuit Gilles Villeneuve, Max Verstappen, Sergio Perez, Verstappen, Ayrton Senna, Red, Bull, Perez, Lewis Hamilton, George Russell, Hamilton, Russell, Fernando Alonso, ASTON MARTIN, Lance, Alonso, Valtteri, Charles Leclerc, Carlos Sainz, Leclerc, Sainz, Ferrari, Esteban Ocon, Pierre Gasly, Gasly, Ocon, MCLAREN, Oscar Piastri, Lando Norris, Norris, ALFA ROMEO, Guanyu Zhou, Haas, Bottas, Zhou, HAAS, Nico Hulkenberg, Kevin Magnussen, Hulkenberg, Magnussen, Nyck de Vries, WILLIAMS, Alex Albon, Logan Sargeant, Williams, Albon, Sargeant, Yuki Tsunoda, Vries, Alan Baldwin, Sonali Paul Organizations: Montreal's Circuit, Miami, FERRARI, Alfa, Thomson Locations: Canada, Hamilton, Tsunoda, London

☆ Pirelli: Italy ties China's hands over fears about chip technology
▼ + stars: | 2023-06-19 | by ( Hanna Ziady | ) edition.cnn.com time to read: +4 min

London CNN —Italy has imposed several curbs on Pirelli’s biggest shareholder, Sinochem, in a move aimed at blocking the Chinese government’s access to sensitive chip technology. The government order risks inflaming tensions between Europe and Beijing, and follows similar intervention by Germany and the United Kingdom to protect their semiconductor technology. The order sets a host of limitations on Sinochem’s involvement in Pirelli, including a bar on it devising the company’s strategy and financial plans, or appointing a CEO. It requires that Pirelli refuse any requests from Sinochem’s owner — China’s State-owned Assets Supervision and Administration Commission of the State Council — for information sharing, including any information connected to the “know-how” of proprietary technologies. Separately, Rome is also assessing whether to renew its partnership with Beijing on the Belt and Road Initiative — China’s global infrastructure and investment megaproject.

Persons: Pirelli, Antony Blinken, Sinochem, Pirelli’s, —, — Laura Organizations: London CNN —, ASML, CNN, Pirelli, Union, Supervision, Administration Commission, State, AstraZeneca, Financial Times, Sequoia Capital, European Commission, Reuters Locations: London CNN — Italy, Europe, Beijing, Germany, United Kingdom, Netherlands, China, Ukraine, — China’s, Rome, Italy, Hong Kong

☆ Verstappen on pole after wild Canadian GP qualifying
▼ + stars: | 2023-06-17 | by ( Steve Keating | ) www.reuters.com time to read: +4 min

[1/2] Formula One F1 - Canadian Grand Prix - Circuit Gilles Villeneuve, Montreal, Canada - June 17, 2023 Red Bull's Max Verstappen poses with former F1 driver Jean Alesia after qualifying in pole position REUTERS/Mathieu BelangerMONTREAL, June 17 (Reuters) - Formula One championship leader Max Verstappen put his Red Bull on pole position for the Canadian Grand Prix after heavy rain shook up qualifying on Saturday. Lewis Hamilton, a seven-times winner in Canada, will line up fourth with his Mercedes team mate George Russell fifth. The pole, in a time of one minute and 25.858 seconds, was the 25th of Verstappen's career. Verstappen started from pole last year and held off Ferrari's hard-charging Carlos Sainz for his 26th career win. Fast forward one year and Verstappen with another victory on Sunday can bring his career total to 41, matching Brazilian Ayrton Senna's haul.

Persons: Gilles Villeneuve, Max Verstappen, Jean Alesia, Mathieu Belanger MONTREAL, Bull, Germany's Nico Hulkenberg, Haas, Fernando Alonso, Aston Martin, Lewis Hamilton, Mercedes, George Russell, Verstappen, Carlos Sainz, Ayrton Senna's, Sergio Perez, Red Bull, Perez, Christian Horner, Ferrari's Charles Leclerc, Aston, Lance, Williams Alex Albon, McLaren's Oscar Piastri, Hulkenberg, Pierre Gasly, Frenchman, Sainz, Steve Keating, Alan Baldwin, Ed Osmond Organizations: Prix, REUTERS, Canadian, Aston, Ferrari, Thomson Locations: Montreal, Canada, Holland, London

[1/3] A tyre produced by the Finnish group Nokian Tyres on display at a dealership in Moscow, Russia, March 23, 2023. Nokian Tyres' protracted departure illustrates the growing headwinds faced by Western companies that have yet to fully depart the country. "The war changed the operating environment in a rapid and unpredictable way," Nokian Tyres' Chief Transformation Officer Johanna Horsma told Reuters. Additional valuation requirements published in mid-December came in the middle of Nokian Tyres' transaction, he added. The buyer needs to be well selected to avoid scammers, said Nokian Tyres' Horsma.

Persons: Maxim Shemetov, Johanna Horsma, Finland's Fortum, Germany's, Peter Wand, Baker McKenzie, Thomas Kormendi, Kormendi, Alexei Moiseev, Moiseev, Nokian, Tatiana Stanovaya, Elopak, Baker McKenzie's Wand, Alexander Marrow, Darya Korsunskaya, Matt Scuffham, Kirsten Donovan Organizations: Nokian Tyres, REUTERS, Finland's, U.S . Treasury, Reuters, Companies, Thomson Locations: Moscow, Russia, finalising, Ukraine, Western, Frankfurt

☆ Italy PM says good ties with China possible without Belt and Road
▼ + stars: | 2023-05-28 | by ( ) www.reuters.com time to read: +2 min

MILAN, May 28 (Reuters) - Good relations with China are possible even without being part of the Belt and Road Initiative (BRI) deal, Italian Prime Minister Giorgia Meloni said in an interview published on Sunday, as her government weighs abandoning the project. Italy is the only major Western country to have joined China's BRI scheme, which envisions rebuilding the old Silk Road to connect China with Asia, Europe and beyond with large infrastructure spending. Meloni noted that while Italy was the only one of the Group of Seven (G7) rich democracies to have signed the Belt and Road memorandum, it was not the European and Western country with the strongest economic and trade ties with China. Earlier this month a senior Italian government official told Reuters Italy was highly unlikely to renew the Belt and Road deal. China is among the biggest markets for most countries in the G7 group, particularly for export-reliant economies such as Japan and Germany.

But Michelin, Continental and Pirelli (PIRC.MI) told Reuters they are pursuing alternatives to 6PPD, with Michelin and Continental adding collective industry action may be necessary to find solutions. Continental said its dandelion tyres were developed to find a sustainable form of natural rubber, and addressing 6PPD was a separate focus. The worst-performing rival tyres Michelin has tested so far emit around 8 kg per year. Michelin and Continental said they are already focused on making their tyres more durable - Michelin cut its tyre emissions 5% between 2015 and 2020, Roget said. "The advent of the EV is the time to make this change," to improve tyres," Enso's Erlendsson said.

☆ Nomura hires two bankers for transport technology deals
▼ + stars: | 2023-05-16 | by ( Isla Binnie | ) www.reuters.com time to read: +2 min

NEW YORK, May 16 (Reuters) - Japanese investment bank Nomura (8604.T) has hired two investment bankers to lead its coverage of mobility and automotive clients in Europe and the United States through its sustainability-focused division Greentech. "You saw in the "de-SPAC" furore a lot of standalone young electric vehicle companies raise capital. The reality is the path to success and scale, to build a standalone company, is dramatically complex," Duncan Williams, global co-head of Nomura Greentech, told Reuters. Investment banks in Europe and the United States raked in more than $700 million in fees for deals in technologically-advanced mobility and transportation in 2021, Williams said, adding he expected the area to remain lucrative. Reporting by Isla Binnie in New York Editing by Greg RoumeliotisOur Standards: The Thomson Reuters Trust Principles.

☆ Leclerc says Ferrari 'struggling like crazy" with their car
▼ + stars: | 2023-05-08 | by ( ) www.reuters.com time to read: +2 min

Sainz finished fifth and Leclerc seventh in Miami as Max Verstappen led Sergio Perez to Red Bull's fifth win in five races and fourth one-two. "(It's a) very similar picture to the beginning of the year, we are competitive in qualifying (but) once we come to race day we are struggling like crazy," said Leclerc, who had been on pole position at the previous race in Azerbaijan. He had finished second in the sprint in Baku, raising hopes that Ferrari had made a step forward, and a lonely third in the Sunday race. Leclerc crashed in both practice and qualifying, when he looked competitive, at the same corner in Miami and said he had struggled with the car bottoming at speed and also affected by the wind. Leclerc was Verstappen's closest rival last season, winning two of the first three races before the challenge petered out in strategy errors, unreliability and driver mistakes.

☆ Autopsy Shows Tyre Nichols Died of Head Injuries From Police Beating
▼ + stars: | 2023-05-04 | by ( Emily Cochrane | Jessica Jaglois | ) www.nytimes.com time to read: +1 min

An autopsy report released on Thursday confirmed that Tyre Nichols died as a result of blunt force injuries to his head after a group of Memphis police officers brutally kicked and bludgeoned him. Shelby County medical examiners formally declared his death on Jan. 10 a homicide, describing severe injuries to Mr. Nichols’s head and neck as well as bruises and cuts all over his body. The report also found that on the day of the beating, Jan. 7, Mr. Nichols had a blood alcohol concentration of .049 percent — well below the legal limit for driving in Tennessee — despite insinuations from the police that he had been pulled over for driving while intoxicated. The formal assessment of what killed Mr. Nichols, about four months after a routine traffic stop turned violent, comes as prosecutors are continuing to investigate the beating. The brutality of the attack captured on body camera and surveillance footage, fueled a national outcry and drew scathing criticism over how frequently law enforcement in Memphis used excessive force and intimidation tactics.

☆ Lots of sporting buzz in Miami but can F1 deliver?
▼ + stars: | 2023-05-04 | by ( Steve Keating | ) www.reuters.com time to read: +4 min

Once again in a league of their own, Red Bull have won every grand prix this season, with three of the four races one-two finishes. While Miami can deliver plenty of Monaco like pizzazz, the action on the track could also be similar to Monte Carlo with precious little overtaking. Double world champion Max Verstappen (93) leads Red Bull team mate Sergio Perez (87) in the drivers standings and a resurgent Alonso a distant third on 60 points. Hamilton's team mate George Russell had a tongue-and-cheek solution, forget about Red Bull and dive into the battle for third place. Reporting by Steve Keating in Miami, editing by Pritha SarkarOur Standards: The Thomson Reuters Trust Principles.

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