Former ESPN executive Sean Bratches runs the commercial operations of Formula 1 Formula 1’s owners have signed a deal to sell sponsorship rights to betting companies. The deal with Interregional Sports Group, reportedly worth more than $100m (£76m), will allow F1 to develop in-play betting markets during grands prix. F1 will also work with Sportradar …
Image copyright Getty Images Staff at McDonald’s restaurants in 10 US cities walked out on Tuesday over claims the fast food giant is not doing enough to prevent sexual harassment. The strike comes after 27 women filed complaints against the chain, alleging it failed to enforce company rules against abuse. The women said they were …
Image copyright Getty Images Free market enthusiasts have set out their “ideal” UK-US trade deal, including the unhindered movement of workers between the two countries. Their report also says the NHS would benefit from being exposed to competition from the US although this would be “extremely controversial”. It also backs zero tariffs on goods and …
Image copyright Getty Images Image caption Apple’s European headquarters in Cork city centre, southern Ireland Apple has paid the Irish government €14.3bn (£12.7bn), money that the European Commission ruled the tech giant owed due to illegal tax breaks. Ireland’s Finance Ministry said the payment was a “significant milestone”, although Dublin insists Apple was not given …
Image copyright Getty Images Image caption Marc and Lynne Benioff will not be involved in any editorial decisions at Time magazine What does a person who already has everything want: another sports car, a bigger yacht, or maybe a champion sports team? Increasingly, the answer seems to be a high profile newspaper or magazine that …
Image copyright Reuters Tesla shares have fallen after a report that the electric car-maker and its boss Elon Musk face a criminal probe. Bloomberg reported that the US Justice Department has opened a fraud inquiry triggered by Mr Musk’s tweets about de-listing the company Mr Musk said he had “funding secured” to de-list the company, …
Image copyright Reuters Image caption Ferrari has yet to take the wraps off its new models Italian sports carmaker Ferrari is seeking to capitalise on its Formula 1 success with a new limited-edition open-top racing-style supercar. The Monza will come in single-seater and two-seater versions as part of a new range dubbed Icona. The move …
Image copyright Getty Images The Mini factory in Oxford will shut down for a month after Brexit at the end of March to minimise disruption in case of a no-deal outcome. Owner BMW said its summer maintenance shutdown had been brought forward to 1 April to reduce any “possible short-term parts-supply disruption”. “While we believe …
Image copyright Shutterstock Image caption Honda employs about 3,400 people at its Swindon plant The senior vice president of Honda Europe has warned that a no-deal Brexit would cost his company tens of millions of pounds. Ian Howells told the BBC that quitting the bloc without an agreement would affect the carmaker’s competitiveness in Europe. …
Image copyright EPA Image caption BMW is one of the firms under investrigation German carmakers BMW, Daimler and Volkswagen are to face an EU inquiry for allegedly conspiring to restrict diesel emissions treatment systems. The European Commission said it was investigating whether they agreed to limit the development of systems to reduce harmful emissions. It …