Author: Press Room
The teams on the Formula One grid race 23 times a year. But the sport, as a whole, is in a one-off race of its own: to be net zero in carbon emissions by 2030.Of all the work being done to reach that goal, the vast majority is aimed at reducing outputs from the factories of the 10 teams, as well as the personnel, public and freight travel to race locations around the world. These were estimated in 2018 at 256,551 tonnes of CO₂.Four years on, the sport is scything through those numbers. For example, Mercedes cut emissions from race…
Netflix’s Drive to Survive is typically credited with catalysing the boom in Formula One’s popularity. But it is the racing series’ in-house streaming experiment that is quietly building traction and increasing revenues for the sport.Five years since the launch of F1 TV, the sport’s direct-to-consumer broadcast product is boosting its media rights revenues by attracting millions of subscribers eager to keep up with events throughout the season.F1 TV has increased its global reach by expanding into 186 markets. But the Pro version, which carries live race streams, is available in just 87.It represents a shift from traditional broadcasting models, forming…
Just as I keep buying Asian stocks despite losing money, a fortnight ago I remarried. No longer is it my skin in the game alone. And while I feel like the luckiest man alive, the risk profile of my portfolio has suddenly jumped inversely with my freedom. That is because the spread of possible investment returns has widened. Thankfully, the divorce rate in the UK is a tenth lower for second versus first marriages, as opposed to the US, where it is 10 per cent higher (weird, eh?). And two weeks later, we’re still speaking.Statistically, however, there is a one-third…
Susie Wolff heads a female academy aiming to bring more women to F1. Plus: Teams building up cutting-edge facilities amid cost cap; online subscription apps boost traction and revenues for the sport; Ford partners with Red Bull in return to Grand Prix; and an interview with Zhou Guanyu, China’s first F1 driver
U.S. stocks fell Monday to kick off a fresh week, with the S&P 500 and Nasdaq both down more than 1.2% heading into midday. The Dow Jones Industrial Average DJIA, +1.00% was down about 299 point, or 0.9%, trading near 34,134, while the S&P 500 index SPX, +1.30% was off 1.2% and the Nasdaq Composite Index COMP, +2.19% was 1.4% lower, according to FactSet. Stocks were lower on fears that the Federal Reserve might need to be more aggressive in 2023 in tightening monetary policy than previously expected to tame high inflation, given that the U.S. economy has proven relatively…
Students traveling on a gap year excursion.getty Taking a “gap year” before college may be out of the ordinary in the United States, but it is fairly common in other areas of the world. In fact, gap years in many European countries to travel or work are somewhat customary, mostly because there are fewer societal pressures to head off to university directly after high school. Does it have to be so weird to take a gap year in the U.S.? Personally, I don’t think it should be, and I believe many high school students could benefit from a “year off”…
You can still get a mortgage if your credit doesn’t match what the traditional banks are looking forgetty One of the downsides of being deb- free is that it makes you invisible to the banks, making it more difficult to take out a loan, and particularly a mortgage, in the future. While it is more challenging, it isn’t impossible if you learn more about how mortgages are approved, and how you can still obtain a loan by working with real humans instead of just automated systems. Having No Debt Means You Are Invisible To The Banks In 2020, when I…
Leaked audio from FloridaPolitics.com revealed that donors were concerned about DeSantis’ abortion ban. The DeSantis campaign shared talking points with fundraisers over how to discuss the issue. They said it would be less important to voters than Biden’s age and predicted a recession. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app The DeSantis 2024 campaign is banking that voters who decide general elections will care more about economic turmoil and President Joe Biden’s age during the general election, outweighing the issue of abortion rights,…
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Nike this week announced a slew of executive moves, including new presidents. The company wants to develop the next “breakthrough innovation.” The management shuffle comes as analysts question Nike’s “stale” product lineup. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app Nike this week announced a series of executive changes designed to underscore the company’s “commitment to product innovation” just as more analysts start to question the company’s “stale” product lineup. Once-coveted Air Jordans and Air Maxes are now sitting on shelves, with some retro Jordans…