Bernie Ecclestone was accused Friday of having “made us look like idiots” by the chief executive of Malaysia’s Sepang International Circuit after the former Grand Prix supremo admitted deliberately over-charging tracks to stage Formula One races. “I don’t understand why he made those kinds of statements,” Razlan Razali told AFP in an interview in London. … Read more
The recent arrest of Vijay Mallya highlighted the problem of bad loans in India, but analysts say the tycoon’s unpaid debts are just the tip of an iceberg that is already holding back the country’s economic growth. The multimillionaire owner of a Formula One team and founder of the Kingfisher beer brand was arrested on … Read more
The recent arrest of Vijay Mallya highlighted the problem of bad loans in India, but analysts say the tycoon’s unpaid debts are just the tip of an iceberg that is already holding back the country’s economic growth. The multimillionaire owner of a Formula One team and founder of the Kingfisher beer brand was arrested on … Read more
The Minority in Parliament has accused Finance Minister Ken Ofori-Atta of engaging in a conflict of interest situation as far as government’s recent issuance of a $US2.25billion 15-year bond is concerned. The Minority, at a press conference on Tuesday said US-based firm Franklyn Templeton Investment Limited, which bought almost 95 percent of the domestic bond, … Read more
The Minority in Parliament has asked for a probe into government’s local bond issued some days ago, citing a conflict of interest situation involving the Attorney-General (A-G). The National Democratic Congress (NDC) MPs at a news conference in Accra Tuesday said the bond issued by the Finance Minister Ken Ofori-Atta also lacked transparency. Former Deputy … Read more
Max Verstappen topped the times for Red Bull in Saturday´s hot, windswept and closely-contested final free practice ahead of Sunday´s Bahrain Grand Prix. In a session that was halted briefly after Frenchman Romain Grosjean crashed in his Haas-Ferrari car, the 19-year-old Dutchman clocked a best lap in one minute and 32.194 to finish one-tenth of … Read more
Lewis Hamilton boldly christened himself “brave warrior” after winning the Chinese Grand Prix but the three-time world champion will have more than just title rival Sebastian Vettel to contend with this week in Bahrain. As Hamilton celebrated a third Shanghai victory in four years with his Mercedes team, he unveiled a new tattoo on the … Read more
As Lewis Hamilton celebrated victory at the Chinese Grand Prix on Sunday, much of the paddock talk was about Max Verstappen’s astonishing third place for Red Bull. The 19-year-old, whose aggressive driving has made him a Formula One fan favourite, blitzed through the field after starting in 16th on the grid, overtaking no fewer than … Read more
Lewis Hamilton powered to victory in a chaotic Chinese Grand Prix in Shanghai on Sunday, taking swift revenge for his defeat by Sebastian Vettel in the Formula One season-opener. The Briton, who started on pole, steered his Mercedes to his fifth Chinese Grand Prix win, beating Vettel’s Ferrari by just over six seconds with Red … Read more
Former world champion Fernando Alonso credited divine intervention after driving “like an animal” in Saturday’s qualifying in China amid rumours of a possible switch to Mercedes. The Spaniard’s beleaguered McLaren has been beset by reliability issues but he squeezed the most out of it with a 13th-place finish in qualifying at the Shanghai circuit. “I’m … Read more
Mercedes chairman Nikki Lauda bet against his team grabbing the pole position on Saturday for the Chinese Grand Prix, but it was a 10-euro wager he was happy to lose. Speaking to reporters, team boss Toto Wolff pulled out a 10-euro note that he won from the Austrian racing legend Lauda — now a Mercedes … Read more
Lewis Hamilton roared to pole position in Saturday’s qualifying for the Chinese Grand Prix as Mercedes look to avenge a stunning defeat by Ferrari in the Formula One season opener. The Briton, stung by Sebastian Vettel in Melbourne two weeks ago, pipped his German rival by two tenths of a second in Shanghai with Mercedes … Read more
Lewis Hamilton roared to pole position in Saturday’s qualifying for the Chinese Grand Prix as Mercedes look to avenge a stunning defeat by Ferrari in the Formula One season opener. The Briton, stung by Sebastian Vettel in Melbourne two weeks ago, pipped his German rival by two tenths of a second in Shanghai with Mercedes … Read more
Sebastian Vettel blazed to the fastest time in Saturday practice at the Chinese Grand Prix, ahead of Ferrari teammate Kimi Raikkonen and Mercedes rival Lewis Hamilton. Vettel, who won Formula One’s season opener in Melbourne two weeks ago, laid down another marker before afternoon qualifying as he sped around the Shanghai circuit in a blistering … Read more
Malaysia will scrap its Formula One race a year earlier than planned, Prime Minister Najib Razak said Friday, citing rising costs and falling ticket sales. “The Cabinet has agreed to end the Formula One Grand Prix effective 2018 in view of the low returns compared to the cost of hosting the race,” he said in … Read more
Damp, soupy weather disrupted the Chinese Grand Prix’s first free practice on Friday, delaying at least for a few hours the resumption of hostilities between Mercedes and Ferrari. With low clouds hanging over the Shanghai track, the morning session was red-flagged after just a few minutes as a safety precaution, resumed briefly, but then halted … Read more
Damp, soupy weather disrupted the Chinese Grand Prix’s first free practice on Friday, delaying at least for a few hours the resumption of hostilities between Mercedes and Ferrari. With low clouds hanging over the Shanghai track, the morning session was red-flagged after just a few minutes as a safety precaution, resumed briefly, but then halted … Read more
Mercedes star Lewis Hamilton said Thursday he relished the prospect of going “wheel-to-wheel” with his Ferrari rival Sebastian Vettel, who has seized the early lead in the Formula One drivers’ standings. Vettel’s convincing win in the season’s first race in Australia has set the stage for a duel this year of two drivers with seven … Read more
Formula One’s current season leader Sebastian Vettel on Thursday warned against tinkering with the sport to make it more fan-friendly under its new American owners, saying “too much change is wrong”. The Grand Prix circuit has entered a new era with its recent acquisition by US-based Liberty Media after decades under the helm of longtime … Read more
US authorities have agreed to the $43 billion takeover of Swiss pesticide giant Syngenta by state-owned ChemChina, marking the biggest overseas acquisition by a Chinese firm. The move lays the path for what would be the latest in a string of foreign investments by Chinese firms fuelled by Beijing’s call for its companies to “go … Read more