Tuesday, Jul 14 2020 | Time 13:04 Hrs(IST)
image
  • Instructed J&K Govt to issue IB reservation certificate on LoC pattern: Jitendra
  • WPI INFLATION AT (-)1 81 PER CENT IN JUNE VS (-) 3 21 PER CENT IN MAY
  • Sensex nosedives 560 pts
  • Global nCoV cases surpass 13mln-mark
  • Two succumb to COVID-19, toll mounts to 190 in J&K
  • BJP sponsored North Bengal shutdown to protest alleged murder of party MLA evokes mixed response
  • India's COVID tally crosses 9 lakh-mark with record spike of 28,498 cases
  • One charred to death, 4 sustain burn injuries in major fire in Pharmaceutical unit
  • TN CM, CMO staff test negative for corona
  • Priyanka Gandhi Vadra to vacate government bungalow by Aug 1, slams fake news over matter
  • Old and valuable documents destroyed in record room of Judges Court in Alipur
  • DGP, ADGP test negative for COVID-19, several officers to be tested today
  • Bikaru Ambush: Fourth accused arrested, 2 looted automatic rifles recovered
  • 63 test positive for COVID-19 in UT since last 24 hrs
  • Japan's Olympic stadium to host athletics event for first time
Sports


Renault to stay in F1 despite job losses

Paris, May 29 (Xinhua) French manufacturer Renault on Friday committed to stay in Formula One races despite having announced to cut 15,000 jobs worldwide under a major restructuring process.

"We said publicly and we confirm that intend to stay in Formula One," Renault's interim chief Clotilde Delbos said.

Faced with the financial pressure caused by the coronavirus pandemic, Renault is planning to find savings of 2.2 billion US dollars in the next three years, and cutting 15,000 positions over the world, among which 4,600 are in France.

"The news about the new salary cap in terms of investment is very good for us, because we had less in this area than some of our competitors which were spending a lot of money," Delbos added.

"So we're here to stay in Formula One."

Under new regulations, Formula One teams budgets will be capped at 145 million dollars in 2021, which will drop to 135 million by 2023.

Renault is yet to announce a replacement for Australian driver Daniel Ricciardo, who set to leave for McLaren in 2021.
'
The Formula One season has been thrown into suspension due to the COVID-19 outbreak. 11 races have been canceled or postponed. The revised calendar is targeting a restart in Austria in July.
XINHUA AVK 2133
More News

Japan's Olympic stadium to host athletics event for first time

14 Jul 2020 | 11:10 AM

Toky, July 14 (Xinhua) Japan's National Stadium will stage track and field events for the first time in August, the Japan Association of Athletics Federations (JAAF) announced here on Tuesday.

see more..

Brazilian FA sets new transfer window dates

14 Jul 2020 | 7:21 AM

Rio De Janeiro, Jul 14 (Xinhua) Brazilian football will have two transfer windows within four months to compensate for its coronavirus shutdown.

see more..

Cameroon won't host CAF Champions League final over COVID-19 pandemic

14 Jul 2020 | 7:14 AM

Yaounde, Jul 14 (Xinhua) Cameroon will no longer host the semifinals and final of the Confederation of African Football (CAF) Champions League due to the COVID-19 pandemic, Cameroon Football Federation (FECAFOOT) president Seydou Mbombo Njoya said on Monday.

see more..

Iran's Beiranvand to join Belgium's Antwerp

14 Jul 2020 | 7:07 AM

Tehran, Jul 14 (Xinhua) Iranian international goalkeeper Alireza Beiranvand has traveled to Belgium to finalize his contract with First Division side Royal Antwerp, Tasnim news agency reported on Monday.

see more..

Djokovic to holiday in BiH

14 Jul 2020 | 7:01 AM

Sarajevo, Jul 14 (Xinhua) World No 1 tennis player Novak Djokovic arrived in Sarajevo in early morning to spend holidays in Bosnia and Herzegovina (BiH), local media reported on Monday.

see more..
image