
UK Presses Investment Platforms Over Odey Fund Retail Access
The UK’s Financial Conduct Authority is quizzing investment platforms, including Hargreaves Lansdown Plc, over their decision to allow
1970-01-01 08:00

Dealmakers Adrift as $1 Trillion Vanishes in First-Half
The world’s dealmakers are roughly $1 trillion down in one of the worst years for takeovers and stock
1970-01-01 08:00

Riksbank Extends Tightening as Krona Weakness Fuels Prices
Sweden’s Riksbank raised borrowing costs and pledged accelerated bond sales, a response to stubborn inflation and a weak
1970-01-01 08:00

EssilorLuxottica Adds Jimmy Choo to Its Deep License Portfolio
EssilorLuxottica SA, the world’s biggest eyeglass maker, will produce Jimmy Choo Eyewear under a 10-year licensing deal starting
1970-01-01 08:00

B&M Joins Retailers in Price Cut Push: The London Rush
The UK government’s push to discourage companies from profiting from inflation seems to be resonating, at least among
1970-01-01 08:00

What is a sprint race in F1 and how does new qualifying shootout work?
F1 sprint is set for its biggest ever season this year with six sprint races on the calendar for 2023 - doubling the amount from 2022 and 2021. The 100km Saturday dash, first introduced at the British Grand Prix in 2021, has proven popular with teams and fans alike and will be present at more than a quarter of Grand Prix weekends during the 23-race season. Why F1’s sprint shake-up could be the beginning of the end for Max Verstappen There was an unanimous agreement to increase the number of sprint events amongst F1 teams at a meeting of the F1 commission meeting last year, following discussions with the FIA and a vote amongst the World Motor Sport Council (WMSC). As it was last year, the F1 sprint is a 100km race with no mandatory pit stops and drivers racing flat-out to the chequered flag. As it was in the 2022 season, the top eight drivers score points, with the driver who finishes P1 receiving eight points. How does the sprint race work? The F1 Commission and the FIA have approved new sprint weekend format changes which will see an extra qualifying session added to the schedule. The new order of play sees a new ‘sprint shootout’ take place on Saturday morning instead of a second practice session, with traditional qualifying on Friday now setting the grid for Sunday’s grand prix. It means there will be just one practice session over the course of the weekend, while Saturday is designated ‘sprint day’. The result of the Saturday sprint – a 100km dash, roughly a third of the distance of the grand prix – will not impact the grid for Sunday, as opposed to the past two years. Points will be awarded to the top-eight, as was the case in 2022. But now, that Friday qualifying session will take on added weight as it will set the grid for Sunday’s grand prix, regardless of what happens in Saturday’s sprint race. On Saturday, instead of what was seen as a generally pointless second practice session on Saturday, a new ‘sprint shootout’ will take place to form the starting grid for the sprint race later in the day. It will follow the same Q1-Q2-Q3 format but the session times will be shorter than traditional qualifying: Q1 will be 12 minutes, Q2 will be 10 minutes and Q3 will be eight minutes. NEW SPRINT WEEKEND FORMAT Friday: Free Practice 1; qualifying (for Sunday’s Grand Prix) Saturday: Sprint qualifying; sprint race (Top-eight receive points, finish order will have no impact on Grand Prix grid) Sunday: Grand Prix How many points are on offer? P1 - Eight points P2 - Seven points P3 - Six points P4 - Five points P5 - four points P6 - three points P7 - two points P8 - one point Where will the sprint races take place this season? There will be six sprint races this season, including at three of the final six Grand Prix weekends. ROUND 4 - AZERBAIJAN Baku City Circuit - 28-30 April Sprint shootout pole: Charles Leclerc Sprint race winner: Sergio Perez ROUND 10 - AUSTRIA Red Bull Ring, Spielberg - 30 June-2 July ROUND 13 - BELGIUM Circuit de Spa-Francorchamps - 28-30 July ROUND 18 - QATAR Lusail International Circuit, Lusail - 6-8 October ROUND 19 - UNITED STATES Circuit of the Americas, Austin - 20-22 October ROUND 21 - BRAZIL Interlagos Circuit, Sao Paulo - 3-5 November Read More F1 race schedule: What time is the Austrian Grand Prix on Sunday? Why have Wrexham owners Ryan Reynolds and Rob McElhenney invested in Alpine F1 team? F1’s sprint shake-up could be the beginning of the end for Max Verstappen ‘Happy’ Lewis Hamilton still hungry for record eighth world title – Damon Hill F1 2023 calendar: All 23 Grand Prix this year Ryan Reynolds and Rob McElhenney to invest in F1 team
1970-01-01 08:00

Big China Stimulus Isn’t Coming, Former IMF Official Says
China will likely disappoint those hoping the government will roll out massive stimulus to shore up the weakening
1970-01-01 08:00

Powell Says Two or More Hikes Likely Needed to Cool Inflation
Federal Reserve Chair Jerome Powell said at least two interest-rate increases are likely necessary this year to bring
1970-01-01 08:00

Toyota’s Output Hits Monthly Record for May After 35% Jump
Toyota Motor Corp. said its global output last month soared 35% from a year earlier to a May
1970-01-01 08:00

Ireland's domestic economy to remain robust, predicts think tank
But there are risks to the economy, including high core inflation and signs of a weakening export market.
1970-01-01 08:00

Manipur: Rahul Gandhi to tour India state rocked by ethnic unrest
Opposition Congress MP Rahul Gandhi is due to meet people displaced by Manipur violence.
1970-01-01 08:00

BlackRock, Schroders Hunt China Deals in Growing Private Markets
Global fund managers building out private markets activities in China are finding lucrative opportunities to deploy capital even
1970-01-01 08:00