
Yellen to Focus on World Bank and China at Global Meetings
Treasury Secretary Janet Yellen is expected to push her reform agenda for the World Bank, meet with senior
1970-01-01 08:00

BlackRock’s ETF Is Outsized Loser in Emerging-Market Selloff
Exchange-traded funds that buy emerging-market equities are undergoing a churn — and the biggest loser is the BlackRock
1970-01-01 08:00

Norway Set to Rein In Spending of its Oil Riches
Norway’s government will cut spending from its $1.4 trillion sovereign wealth fund next year as it seeks to
1970-01-01 08:00

Chandrayaan-3: India Moon lander's reawakening unlikely as lunar night looms
India's space agency says the Chandrayaan-3's lander and rover have already completed all their objectives.
1970-01-01 08:00

Ukraine war: ‘Every family’ in Hroza village affected by missile attack
At least 51 people, including a child, were killed in Thursday's Russian missile strike, Ukraine says.
1970-01-01 08:00

Eskom to Have a CEO by Year End, South Africa’s Gordhan Says
South Africa’s protracted search for Eskom Holdings SOC Ltd.’s new chief executive officer will end by December, according
1970-01-01 08:00

How Qatar plans to make F1 grand prix their ‘new World Cup’
At the Lusail International Circuit, home to the second iteration this weekend of Formula 1’s Qatar Grand Prix, a reminder of the country’s crowning moment glows bright in the background. The Lusail Iconic Stadium, the 88,000-capacity golden bowl which hosted last year’s World Cup final, is less than 10 miles down the road. But with the planet’s biggest show having come and gone – with its fair share of acclaim and criticism – Qatari executives are determined to move on. A new spectacle is in town. “We are the new World Cup for the next 10 years,” boldly stated Amro Al-Hamad, CEO of the Qatar Motor and Motorcycle Federation, earlier this year. “Everybody [in Qatar] is now very eager to share their [World Cup] experiences with us to make sure that we deliver an even higher calibre event than the World Cup was.” Two years ago, as well as stepping in late in the day to stage the 20th race of the memorable 2021 season, Qatar signed a 10-year contract with F1 to stage a race every year from 2023. Earlier this year, F1 announced a multi-year partnership with Qatar Airways to be the sport’s global airline partner, replacing rival airline Emirates. With F1 having been long present in Bahrain and the UAE via Abu Dhabi, with Saudi Arabia a new entrant too in 2021, Qatar is now making waves at the top of single-seater motorsport, having hosted a race in MotoGP since 2004. Originally, the prospect of a street track in Doha was mooted and while that is not out of the question down the line, a newly refurbished paddock suggests the high-speed Lusail track will be the country’s home of motorsport in the short-term. The refurbs get their first showing this weekend. “The F1 paddock is state of the art,” added Al-Hamad. “We haven’t left any stone unturned. “The pit boxes are not suitable for F1 racing, opposite to the ones that we had for MotoGP [in Qatar since 2004] in the past. We have 50 boxes – I don’t think anybody else within the F1 calendar has that number of pit boxes.” The updates, however, should not overshadow concerns related to the country’s human rights record, with regards to worker conditions and discriminatory laws against women and LGBTQ+ individuals. Lewis Hamilton, who won the 2021 race, received a heap of praise when he wore a rainbow helmet two years ago. At that time, Amnesty International said: “It’s no secret that rich countries in the Middle East see top-level sport as a means to rebrand and sportswash their images, and a grand prix in Qatar would be more of the same.” F1 now hosts four races in the Middle East, including the first and last race of the season, with lucrative commercial contracts. Qatar will have an illustrious penultimate spot on the calendar next year. And despite being a new track to six of the 20 drivers this year, Qatar hosts the fourth sprint race of the season this coming weekend. But beyond any improvements to facilities off-track, the action on it typically makes an event a real hit-or miss. And while the 2023 season has been dominated by one man, Qatar is set to be the stage of his moment of glory. Max Verstappen only needs to finish in the top six in the sprint race on Saturday to claim his third championship on the bounce. The Dutchman, 26, will join the likes of Ayrton Senna, Niki Lauda and Jackie Stewart with a hat-trick of championships to his name. “It doesn’t sound too bad, does it?” said Verstappen on Thursday. “It’s something I’d never have imagined to be a part of. I don’t think I’ll fully appreciate it until I stop. We just try to enjoy the moment. “We [Red Bull] are having an incredible season. The records we are breaking as a team is something we never expected to happen. We’re incredibly proud of them. Hopefully we can keep that momentum going.” Read More F1: How can Max Verstappen win 2023 world championship in Qatar? Aston Martin boss urges F1 to stick to 10 teams British F2 star to make F1 debut with Haas How can Max Verstappen win 2023 F1 world championship in Qatar? British F2 star to make F1 debut with Haas ‘Referees make mistakes’: Gasly compares Liverpool VAR farce to Abu Dhabi controversy
1970-01-01 08:00

World Bank Says Saudi Economy to Shrink on Lower Oil Output
Saudi Arabia’s economic output is expected to contract this year as a series of oil-supply cuts pose a
1970-01-01 08:00

Japan Green Group Calls for Ban on Biggest Power Generator's Emission Claims
A climate activist group is seeking to stop Japan’s biggest utility from using advertisements that include phrases such
1970-01-01 08:00

Vietnam Says TikTok’s Content Censorship Isn’t Effective
Vietnam’s communications ministry accused TikTok Inc. of failing to effectively block content that violates the law after the
1970-01-01 08:00

Finnair Plans €600 Million Rights Issue to Shore Up Finances
Finnair Oyj plans to raise as much as €600 million ($632 million) by issuing new shares as the
1970-01-01 08:00

South China Sea: Philippines restocks outpost after flare-up with China
The Filipino coast guard earlier removed China's floating barriers in the disputed South China Sea.
1970-01-01 08:00