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China, Brazil's largest trading partner, funneled $1.3 billion in direct investments into the country last year, the lowest level since 2009, according to a CEBC study. The performance contrasts with overall foreign direct investment (FDI) in Brazil in 2022, which skyrocketed by 95% to $90.6 billion, highest in a decade. Last year, just 28% of announced Chinese projects worth $4.7 billion went ahead, the CEBC said. That compares poorly with 2021, when pledged investments of $5.9 billion were fully realized, bolstered by two oil projects worth nearly $5 billion. Chinese mining firm Honbridge (8137.HK), for example, announced investments worth $2.1 billion that failed to proceed due to a pending environmental license.

Persons: Cariello, Hua Sheng, Getulio Vargas, Luiz Inacio Lula da Silva, Bernardo Caram, Tom Hogue Organizations: Brazil tanked, China Business Council, HK, U.S ., Sao Paulo Business Administration School, Getulio Vargas Foundation, Thomson Locations: BRASILIA, Brazil, China, Ukraine, U.S, Asia, Beijing

"We feel that the applicant is entitled to the suspension of sentence and be released on bail," it said. Khan's lawyer Naeem Panjutha also announced the suspension on social media, saying "God be praised." Nor will the suspension of the corruption sentence undo the ban on Khan's contesting elections as long as the conviction remains. STATE SECRETSPakistan's former Prime Minister Imran Khan, gestures as he speaks to the members of the media at his residence in Lahore, Pakistan May 18, 2023. The possible overturning of Khan's graft conviction is pending a detailed hearing in the court, according to a lawyer Abdul Moiz Jaferii.

Persons: Khan, Imran, Khan's, Naeem Panjutha, Imran Khan, Mohsin Raza, Shah Mahmood Qureshi, Abdul Moiz Jaferii, Jaferii, abetment, Zulfikar Bukhari, Asif Shahzad, Gibran Peshimam, Ariba Shahid, Simon Cameron, Moore, Alex Richardson, Angus MacSwan Organizations: ISLAMABAD, Reuters, REUTERS, Federal Investigation Agency, FIA, Thomson Locations: Pakistan, Lahore, United States, Russia, Ukraine, Washington, Islamabad, Karachi

☆ Vasseur wary of commenting on Massa's legal claim
▼ + stars: | 2023-08-23 | by ( Alan Baldwin | ) www.reuters.com time to read: +3 min

Lawyers for Brazilian Massa last week notified Formula One chief executive Stefano Domenicali and Mohammed Ben Sulayem, president of the governing FIA, of the intent to claim compensation. An FIA spokesperson last week acknowledged receipt of "correspondence" from Massa's representatives and said the matter was under review. The scandal, widely known as 'Crashgate', did not emerge until a year later and led to Renault team bosses being banned. Vasseur said teams wanted to know the result of races at the chequered flag and not after the podium celebrations had happened. The Frenchman, who was Renault team boss in 2016, took over at Ferrari in January and was not in Formula One in 2008.

Persons: Driver Felipe Massa, Hamad I Mohammed, Fred Vasseur trod, Felipe Massa, Stefano Domenicali, Mohammed Ben Sulayem, Massa, Vasseur, Nelson Piquet's, Britain's Lewis Hamilton, insider.com, supremo Bernie Ecclestone, Max Mosley, Ecclestone, Mosley, Frenchman, Alan Baldwin, Lincoln Organizations: Saudi, Prix, Jeddah Corniche, Driver, Grand Prix REUTERS, Ferrari Formula, Brazilian Massa, Formula, FIA, Renault, McLaren, supremo, Reuters, Ferrari, One, Thomson Locations: Jeddah, Jeddah Corniche Circuit, Saudi Arabia, Singapore

Former Pakistani Prime Minister Imran Khan speaks with Reuters during an interview, in Lahore, Pakistan March 17, 2023. REUTERS/Akhtar Soomro/File Photo Acquire Licensing RightsISLAMABAD, Aug 21 (Reuters) - Pakistani authorities have opened a criminal investigation against jailed former prime minister Imran Khan on charges of leaking state secrets, after naming him and three aides in a fresh case, a top security source said on Monday. Khan is currently serving a three-year sentence in a graft case and has been barred from politics for five years. "Our investigation is collecting evidence to stand a case in a court to indict Imran Khan on charges of leaking official secrets," a security source, who is directly responsible for the investigation, told Reuters. Khan has formally been arrested in connection with the charges, which the Federal Investigation Agency (FIA) is probing, the source said.

Persons: Imran Khan, Akhtar Soomro, Khan, Rauf Hasan, Zulfi Bukhari, Arif Alvi, Shah Mehmood Qureshi, Intazar Panjutha, Asif Shahzad, Devika Organizations: Pakistani, Reuters, REUTERS, Rights, Both Washington, Federal Investigation Agency, FIA, Thomson Locations: Lahore, Pakistan, Rights ISLAMABAD, Islamabad, Washington, U.S, Moscow, Ukraine, Both

An aerial view shows trees as the sun rises at the Amazon rainforest in Manaus, Amazonas State, Brazil October 26, 2022. REUTERS/Bruno Kelly/File Photo Acquire Licensing RightsBRASILIA, Aug 17 (Reuters) - Brazil's government is looking to create a regulated carbon market with emissions caps for major companies and protections for indigenous communities involved in carbon-offset activities, a senior official said. After passing Congress, the regulations would require two years of emissions monitoring before the cap takes effect. For example, some developers have approached indigenous communities with unfair contracts offering meager payments, he said. The proposed legislation would establish criteria for such deals, guaranteeing broad consensus and equitable terms for indigenous communities involved.

Persons: Bruno Kelly, Rafael Dubeux, Luiz Inacio Lula da Silva's, Lula, Dubeux, Marcela Ayres, Bernardo Caram, Brad Haynes, Devika Organizations: REUTERS, Rights, Finance, Climate, Thomson Locations: Manaus, Amazonas State, Brazil, Rights BRASILIA

"Simply put, Mr Massa is the rightful 2008 Driver's Champion, and F1 and FIA deliberately ignored the misconduct that cheated him out of that title," said the letter. There was no immediate response from the FIA and Formula One, which is currently on an August shutdown. PIQUET CRASHMassa was leading the 2008 Singapore Grand Prix from pole position when fellow Brazilian Piquet crashed into the wall on lap 14 of 61. The lawyers' letter warned that, without a satisfactory response, Massa intended to "pursue legal action in order to seek compensation for the harm he has suffered." Massa did not win again after 2008, with the Brazilian suffering a near-fatal head injury at the 2009 Hungarian Grand Prix.

Persons: Driver Felipe Massa, Hamad, Mohammed, Massa, Ecclestone, Felipe Massa, Stefano Domenicali, Mohammed Ben Sulayem, Law, McLaren's Lewis Hamilton, Mr Massa, " Massa, supremo Bernie Ecclestone, Max Mosley, Nelson Piquet's, PIQUET, Piquet, Fernando Alonso, insider.com Ecclestone, Hamilton, Mosley, Charlie Whiting, Rory Carroll, Alan Baldwin, Ken Ferris Organizations: Saudi, Prix, Jeddah Corniche, Driver, Grand Prix REUTERS, FIA, Reuters, Formula, Formula One, F1, supremo, Renault, Briton, F1 supremo, Liberty Media, Thomson Locations: Jeddah, Jeddah Corniche Circuit, Saudi Arabia, Paris, London, Singapore, Switzerland, Spanish

BRASILIA, July 18 (Reuters) - Brazil's government is considering changes to the taxation of closed-end funds and shareholder payouts in order to shore up revenue in next year's budget, said three senior economic officials with direct knowledge of the matter. The government signaled on Tuesday it would propose a comprehensive income tax reform only after the Senate has passed a consumption tax reform that cleared the lower house of Congress this month. A more complex and structural reform, involving income tax exemptions, taxation of profits and dividends and reductions to payroll taxes, would be presented after the consumption tax reform clears the Senate, the sources said. "When the budget bill is sent, revenue measures to meet the targets must also be sent, and some of these measures will already appear in the proposal," said one of the sources. Closed-end funds offer favorable investment opportunities to wealthier Brazilians by taxing earnings only when they are distributed to investors.

Persons: Marcela Ayres, Bernardo Caram, Brad Haynes, Matthew Lewis, Richard Chang Organizations: Finance Ministry, Finance, Senate, Thomson Locations: BRASILIA, Brasilia

☆ Scary high-speed crash, described as ‘one of … if not, the biggest’ in Formula E, leaves multiple cars unable to continue
▼ + stars: | 2023-07-17 | by ( Ben Morse | ) edition.cnn.com time to read: +3 min

CNN —High-speed racing is accustomed to high-speed collisions, such is the nature of the sport. In total, six drivers could not continue in Saturday’s race because of their involvement in the crash. “Guys, I’m so sorry but I couldn’t do anything.”Bird's car after the high-speed crash. One of the drivers whose race ended prematurely, di Grassi, expressed his relief at just being able to walk away with no injuries. “A community effort to share parts and make sure we can get as many cars as possible on track [on Sunday],” Carmichael-Brown said.

Persons: CNN —, Sam Bird –, Bird, Lucas di Grassi, Sebastien Buemi, Edoardo Mortara, Guiseppe Lami, di Grassi, “, ” di Grassi, Saunders Carmichael, Brown, ” Carmichael Organizations: CNN, Formula, Maserati MSG, FIA, Formula E Locations: Rome, Buemi

"Everyone is expecting a rate cut," Finance Minister Fernando Haddad noted in an interview with RedeTV journalist Kennedy Alencar. Planning Minister Simone Tebet was even more emphatic, saying at an event in Rio de Janeiro that the central bank must start its easing cycle with a 50-basis-point cut. She said high interest rate levels were hurting the retail sector. However, they still diverge on the size of the cut, with 55% of those polled betting on a 25 basis point move while 32% expect a 50 basis point cut. On Thursday, Lula himself renewed calls on the central bank to cut interest rates.

Persons: Luiz Inacio Lula da Silva's, Fernando Haddad, Kennedy Alencar, Haddad, Simone Tebet, Lula, Gabriel Galipolo, Ailton Aquino, Lula's, Bernardo Caram, Rodrigo Viga Gaier, Gabriel Araujo, Steven Grattan, Josie Kao, Frances Kerry Organizations: RIO DE, Finance, Reuters Graphics Reuters, Thomson Locations: BRASILIA, RIO, RIO DE JANEIRO, Rio de Janeiro, Brazil, Brasilia

☆ Families of missing in Greece migrant boat disaster plead for recovery of bodies
▼ + stars: | 2023-07-06 | by ( Karolina Tagaris | ) www.reuters.com time to read: +6 min

[1/4] Adil Hussain, 44, from Pakistan, whose brother Matloob, 43, went missing after a deadly migrant shipwreck off the coast of Greece last month, cries during an interview with Reuters in Athens, Greece, July 4, 2023. If they are dead, take them out," Adil Hussain said, urging Greece to hire a vessel to recover them. Lawyers representing families of the missing plan on Thursday to ask judicial authorities investigating the case for the boat to be retrieved. Survivors have said that the ship capsized after a disastrous towing attempt by the Greek coast guard, which Greece denies. A spokeswoman for Pakistan's Foreign Office, Mumtaz Zahra Baloch, said bodies would be transported to Pakistan upon verification and release by the Greek authorities.

Persons: Adil Hussain, Matloob, Stelios Misinas, Matloob Hussain, Adil, Hussain, we'll, Takis Zotos, Zotos, Alam Shinwari, Mumtaz Zahra Baloch, Muhammad Ayub, Muhammad Yasin, Lefteris Papadimas, Renee Maltezou, Gibran Peshimam, Alexandra Hudson Organizations: Reuters, REUTERS, Titanic, Pakistan's Federal Investigation Agency, FIA, Pakistan's Foreign, Alexandra Hudson Our, Thomson Locations: Pakistan, Greece, Athens, Stelios Misinas ATHENS, Syria, Egypt, Libya, Italy, Pylos, Turkey, Islamabad

☆ Brookfield to buy annuities provider American Equity in $4.3 bln deal
▼ + stars: | 2023-07-05 | by ( Manya Saini | Thomson Reuters | Manya Saini Reports On Prominent Publicly Listed U.S. Financial Firms Including Wall Street S Biggest Banks | ) www.reuters.com time to read: +2 min

July 5 (Reuters) - Canadian investment firm Brookfield (BN.TO) on Wednesday agreed to buy the remaining stake in American Equity Investment Life Holding (AEL.N) that it did not already own, valuing the long-sought-after annuities provider at $4.3 billion. It represents a 35% premium to AEL's last closing price on the New York Stock Exchange before media reports of a possible takeover bid from Brookfield emerged. The deal consists of $38.85 in cash and the rest in shares of Brookfield Asset Management's (BAM.TO). AEL shares had touched a record-high of $53.68 when the bid was announced on June 27 and have been trading around the same levels. If the deal is terminated, AEL has agreed to pay Brookfield Reinsurance a termination fee of $102 million.

Persons: Jon Bayer, Manya Saini, Nivedita Bhattacharjee, Arun Koyyur Organizations: Equity Investment Life, AEL, Elliott Investment Management, Prosperity, Brookfield, New York Stock Exchange, Brookfield Asset, FIA, Athene, Massachusetts Mutual Life Insurance, Thomson Locations: Brookfield, Athene Holding, Bengaluru

☆ Dilano van ’t Hoff: Dutch race car driver, 18, dies after crash during race in Belgium
▼ + stars: | 2023-07-01 | by ( Ben Church | ) edition.cnn.com time to read: +2 min

CNN —Dutch driver Dilano van ’t Hoff, 18, died Saturday as the result of a crash during the second Formula Regional European Championship by Alpine (FRECA) race at Spa-Francorchamps in Stavelot, Belgium, according to a statement from his team MP Motorsport. “We are devastated at the loss of one of our brightest Dutch talents, who brought so much energy to our team during the years he raced with us,” a team statement read. The 18-year-old Dutch driver joined MP Motorsport in 2021. FIA, motorsport’s governing body, confirmed the news and sent its “condolences to the family and friends of Dilano van ‘t Hoff and to the MP Motorsport Team” in a statement on Saturday. “We are so sad to learn of the passing of Dilano van ‘t Hoff today at Spa-Francorchamps,” he said in a statement.

Persons: Dilano van, Hoff, ”, Dilano’s, Van ’, Pablo Guillen, Stefano Domenicali, “ Dilano, Carlos Sainz, Anthoine Hubert Organizations: CNN, Regional, Spa, Motorsport, Zuma, Formula, FIA, MP, ., Prix, Twitter Locations: Stavelot, Belgium, FRECA, Spa, ”, Austrian

☆ Roku will air Formula E races as part of the streamer's first live sports deal
▼ + stars: | 2023-06-27 | by ( Yuheng Zhan | ) www.cnbc.com time to read: +3 min

Roku will become the U.S. streaming home of Formula E, the electric vehicle-powered auto racing series, with both live and on-demand replays of races. Starting with the upcoming season, the Roku channel will host 11 ABB FIA Formula E World Championship races, it said in a press release. Beginning in January, five races will also air live on CBS and simulcast on Paramount+, which will be accessible through Roku. Debuting at the Olympic Park in Beijing in 2014, Formula E's races take place worldwide, and the first fully electric racing series currently features 12 teams and 24 drivers. Last year, the company said races reached a record high of 216 million live viewers, up 10% from the previous season.

Persons: Roku, Aarti Dabas, — CNBC's Lillian Rizzo Organizations: Formula, CBS, ABB FIA Formula, Paramount, Formula E, Netflix, Research, Disney, ESPN, Comcast, NBA, Turner Sports, CNBC Locations: U.S, Portland , Oregon, Beijing

☆ Pakistan's economic meltdown spurs more people to risk lives to reach Europe
▼ + stars: | 2023-06-23 | by ( Gibran Naiyyar Peshimam | ) www.reuters.com time to read: +9 min

He is missing and presumed dead, according to his brother, highlighting the perils faced by people who seek to enter Europe illegally. Cash-strapped Pakistan's $350 billion economy is in a meltdown, with inflation at a record 38%. Pakistan's information ministry did not respond to questions from Reuters about economic factors fuelling migration. 3 nationality registered in Italy coming from Libya, after Egyptians and Bangladeshis, a Frontex spokesperson told Reuters in an email. At least 209 Pakistanis were believed to be on board, according to official data based on information provided by relatives.

Persons: Muhammad Sarwar Bhatti, Hameed Iqbal Bhatti, Salahuddin, Bhatti, Hafeez Pasha, Muhammad Nadeem, Nadeem, Kosar Bibi, Bibi, Sarwar Warraich, Muhammad Zubair, Muhammad Nazim, Nazim, Muhammad Ali, Anish Raza, Haji Ilyas, Ilyas, puffing, Israr Mirza, Mirza, Gibran Peshimam, Ariba Shahid, David Crawshaw Organizations: Reuters, REUTERS, Cash, Federal Investigation Agency, FIA, OF, International Monetary Fund, Migrant Resource Centre, College, Thomson Locations: Greece, Khuiratta, Pakistan, Kashmir, Saudi Arabia, Europe, Libya, Italy, Gujrat, Italian, Ferrara, Turkey, Bhojpur, Gujrat district, Spain, EU, Lahore, Islamabad

☆ Greece boat tragedy: At least 209 Pakistanis were on board, data suggests
▼ + stars: | 2023-06-22 | by ( Gibran Naiyyar Peshimam | ) www.reuters.com time to read: +2 min

[1/2] A undated handout photo provided by the Hellenic Coast Guard shows migrants onboard a boat during a rescue operation, before their boat capsized on the open sea, off Greece, June 14, 2023. The FIA has been tasked by the Pakistan government with handling investigations into the tragedy. Pakistan is yet to officially confirm how many of its citizens were on the boat, but kick-started a DNA sampling effort to help Greece identify those who died. The data shared by the FIA showed that 181 people were from Pakistan and 28 from Pakistan-administered Kashmir. The FIA said 29 suspected human smugglers had been arrested in Pakistan so far over the case.

Persons: Rana Abdul Jabbar, Gibran Naiyyar, Sudipto Ganguly, Gareth Jones Organizations: Hellenic Coast Guard, REUTERS, Reuters, Federal Investigation Agency, FIA, FIA Islamabad, Officials, Thomson Locations: Greece, KARACHI, Pakistan, Pakistani, Libya, Kashmir, Pylos

☆ At least 209 Pakistanis were on board migrant boat that sank off Greece, data suggests
▼ + stars: | 2023-06-22 | by ( ) www.reuters.com time to read: +2 min

June 22 - At least 209 Pakistanis were on an overloaded boat that capsized and sank in open seas off Greece last week, according to data shared with Reuters on Thursday by a Pakistani investigative agency. Hundreds of people from different countries are believed to have been on board the vessel, in what is seen as the worst sea disaster in years for the region. Pakistan is yet to officially confirm how many of its citizens were on the boat, but kick-started a DNA sampling effort to help Greece identify those who died. The data shared by the FIA showed that 181 people were from Pakistan and 28 from Pakistan-administered Kashmir. Greece has charged nine Egyptian men over the shipwreck, the worst in the Mediterranean Sea this year, and placed them in detention pending trial.

Persons: Rana Abdul Jabbar Organizations: Reuters, Federal Investigation Agency, FIA, FIA Islamabad, Officials, Thomson Locations: Greece, Libya, Pakistan, Kashmir, Pylos

☆ Formula One shares can rally nearly 40% thanks to favorable commercial rights deal
▼ + stars: | 2023-06-05 | by ( Brian Evans | ) www.cnbc.com time to read: +1 min

TD Cowen thinks Liberty Formula One Group Class A stock can see big gains going forward. The firm initiated coverage of the auto racing series with an outperform rating and a $90 per share price target, implying upside of nearly 40% from Friday's close. He also noted the company's lock on commercial rights to the World Championship, which could yield more upside from revenue derived from fees. Formula One Class A shares are up more than 20% year to date. FWONA YTD mountain Formula One Class A stock has notched an impressive 21% gain from the start of the year.

Persons: Cowen, Stephen Glagola, Glagola, — CNBC's Michael Bloom Organizations: One, FIA, Netflix Locations: Friday's

☆ US announces $46 million in funds to eight nuclear fusion companies
▼ + stars: | 2023-05-31 | by ( ) www.reuters.com time to read: +2 min

WASHINGTON, May 31 (Reuters) - Eight U.S. companies developing nuclear fusion energy will receive $46 million in taxpayer funding to pursue pilot plants attempting to generate power from the process that fuels the sun and stars, the Department of Energy said on Wednesday. Generating more energy from fusion reaction than goes into it has eluded scientists for decades. The Energy Department's Milestone-Based Fusion Development Program hopes to help develop pilot-scale demonstration of fusion within a decade. The awardees are:-Commonwealth Fusion Systems-Focused Energy Inc-Princeton Stellarators Inc-Realta Fusion Inc-Tokamak Energy Inc-Type One Energy Group-Xcimer Energy Inc-Zap Energy IncThe funding, which comes from the Energy Act of 2020, is for the first 18 months. Looking to launch fusion plants that use lasers or magnets, private companies and government labs spent $500 million on their supply chains last year, according to a Fusion Industry Association (FIA) survey.

Persons: Harris, Jennifer Granholm, Timothy Gardner, Matthew Lewis Organizations: U.S, Department of Energy, Energy, Biden, Harris Administration, Commonwealth Fusion Systems, Inc, Princeton Stellarators Inc, Tokamak Energy Inc, One Energy, Xcimer Energy, Fusion Industry Association, FIA, Thomson Locations: Washington

☆ First nuclear fusion plants to need $7 bln supply chain -survey
▼ + stars: | 2023-05-17 | by ( Timothy Gardner | ) www.reuters.com time to read: +2 min

Looking to master the fusion process using lasers or magnets, private companies and government labs spent $500 million on their supply chains last year, according to the Fusion Industry Association (FIA) survey. Andrew Holland, the head of FIA, said there is little concern about geopolitical supply risk in the supply chain as no critical parts or materials face global supply shortfalls or come only from unstable countries. "The biggest challenge honestly is just scale," Holland said. "We want to make sure the supply chain companies are aware that fusion is coming so they can make the investments to scale up." While there is a global lack of tritium, a fuel that many companies plan to use to fire fusion plants, Holland said that is not a concern because the companies plan to breed tritium in the fusion plants with the use of lithium.

☆ Emilia Romagna Grand Prix canceled because of flooding
▼ + stars: | 2023-05-17 | by ( Jill Martin | ) edition.cnn.com time to read: +2 min

CNN —Formula 1 has canceled this weekend’s Emilia Romagna Grand Prix because of heavy flooding in the northern Italian region, citing safety concerns. At least eight people have been killed by heavy flooding and mudslides in the region with more than 13,000 residents being forced to evacuate, according to local authorities. On Tuesday, motorsport staff were asked to leave the site of the race amid concerns regarding flooding, an F1 source told CNN. “It would not be right to put further pressure on the local authorities and emergency services at this difficult time.”Red Bull driver Max Verstappen, who is the current world champion and, racing at the Emilia Romagna Grand Prix, at the Enzo and Dino Ferrari racetrack in Imola, Italy, Sunday, April 24, 2022. The Emilia Romagna GP was due to have been the sixth race of the season on the F1 calendar.

BRASILIA, May 16 (Reuters) - Brazil's Finance Ministry is preparing a new set of initiatives to increase tax revenue, including a review of deductions and exemptions for income tax on individuals, according to three sources familiar with the matter. Previous administrations have tried - and failed - to restrict income tax deductions, which allow taxpayers to use proof of certain expenses, such as medical and educational costs, to reduce their tax bills. The government estimates it is set to lose 51.1 billion reais ($10.2 billion) from exemptions, along with 31.3 billion reais from deductions in its 2024 budget bill. The finance ministry's revenue chief Robinson Barreirinhas said last month that the government was working on additional revenue measures to be announced in the second half of this year. He mentioned "very solid and consistent" studies regarding the potential to boost annual revenue by 155 billion reais as a result of combined efforts.

☆ F1 should strike deal while iron is hot, says rights holders
▼ + stars: | 2023-05-05 | by ( Steve Keating | ) www.reuters.com time to read: +3 min

Liberty Media CEO and President Greg Maffei said stakeholders should come together, "strike while the iron is hot" and extend the current agreement that runs through 2025. The deal with Liberty Media, the governing FIA and teams sets out the terms and commercial arrangements under which the teams race. I think Liberty has done a great job with the sport. "The digital age has advanced since we did the last agreement and I think it needs to be discussed. "But I think for the most part it is a solid agreement, it's working so we don't need to fix what is not broken."

☆ Ocon says FIA and F1 apologised for Baku pitlane incident
▼ + stars: | 2023-05-04 | by ( ) www.reuters.com time to read: +2 min

MIAMI, May 4 (Reuters) - Formula One and governing FIA have apologised for a dangerous pitlane incident at the end of last weekend's Azerbaijan Grand Prix in Baku, Alpine's Esteban Ocon said on Thursday. "The FIA have assured us they are making sure they are changing the protocols and making sure there is nobody in the pitlane until the end. Ocon said upgrades taken to Baku had worked, even if not evident at the time with only a handful of laps in the only practice session and the car not optimised. Team mate Pierre Gasly's car caught fire in Friday practice and he then crashed in qualifying. In the previous race in Australia, Ocon and Gasly collided in a late restart after red flags.

BRASILIA/BUENOS AIRES, May 4 (Reuters) - Argentina is seeking new easing of targets in its $44 billion deal with the International Monetary Fund and faster payouts, and is pushing to get key IMF members the United States and Brazil to support it, government officials said. It has ramped up pressure on Argentina and the IMF to revamp the debt program, the largest extended to any country worldwide. The ministry official said backing from the United States and Brazil was key for the IMF talks, and was "positive" about it given the countries' broader support for Argentina's economy. The U.S. Treasury and White House did not comment on record about potential support for Argentina's talks with the IMF. Argentina would need to reach a technical deal with IMF staff before any agreement went to the board for approval.

☆ Mekies to leave Ferrari and replace Tost at AlphaTauri
▼ + stars: | 2023-04-26 | by ( Alan Baldwin | ) www.reuters.com time to read: +2 min

SummarySummary Companies Tost to step down as AlphaTauri boss at end of seasonMekies to replace him from FerrariFormer FIA executive Bayer also joins teamApril 26 (Reuters) - AlphaTauri's Franz Tost, Formula One's second longest serving team principal, will step down at the end of the 2023 season and be replaced by Ferrari sporting director Laurent Mekies. "With Peter as new CEO and Laurent as Team Principal, we found two very professional people, who will bring the team to the next level. "I am honoured to take on the role of team principal and to return to the Team where I spent a large portion of my early career," he said. Only Red Bull team principal Christian Horner has been in his job for longer than the Austrian who first came into Formula One in 2000 as track operations manager with Williams's then-partners BMW. Mekies' departure continues something of an exodus from Ferrari after the Italian team changed principals, with Fred Vasseur replacing Mattia Binotto in January.

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