
Motor racing-De Meo's exit changes nothing for Alpine F1 team, Briatore says
Renault announced Luca De Meo was leaving shortly after the newspaper Le Figaro reported he will take over the leadership of the luxury group Kering.
Briatore, a title-winning boss of the Benetton and Renault F1 teams, returned to Formula One a year ago as executive adviser to De Meo and has been running the team since Oliver Oakes resigned as principal.
Briatare has denied being tasked to improve the team's performance prior to selling it. Alpine are currently last of the 10 teams.
"Nothing, absolutely nothing," Briatore said when asked after the Canadian Grand Prix in Montreal what De Meo's departure changed for the team.
"Nothing changed for me. Not for me or the team. And congratulations to Luca, new job," he said.
Alpine will compete with Mercedes power units next season after Renault decided last September to end engine production at its Viry-Chatillon factory outside Paris.
The team, whose investors include Hollywood actor Ryan Reynolds and NFL stars Patrick Mahomes and Travis Kelce, are currently alone in using Renault power units.
De Meo said last October that Renault were spending up to 250 million euros a year on engine production while buying in from another manufacturer would cost less than $20 million.
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Time of India
3 hours ago
- Time of India
Donald Trump once decried the idea of presidential vacations. His Scotland trip is built around golf
Edinburgh: During sweaty summer months, Abraham Lincoln often decamped about 5 kilometres north of the White House to the Soldiers' Home, a presidential retreat of cottages and parkland in what today is the Petworth section of northwest Washington. Ulysses S Grant sometimes summered at his family's cottage in Long Branch, New Jersey, even occasionally driving teams of horses on the beach. Ronald Reagan once said he did "some of my best thinking" at his Rancho Del Cielo retreat outside Santa Barbara, California. Explore courses from Top Institutes in Please select course: Select a Course Category Data Science Data Analytics Design Thinking MBA Healthcare healthcare Management Finance Project Management Technology Cybersecurity Digital Marketing Product Management CXO Operations Management Data Science Artificial Intelligence Leadership PGDM others Public Policy Degree MCA Others Skills you'll gain: Data Analysis & Interpretation Programming Proficiency Problem-Solving Skills Machine Learning & Artificial Intelligence Duration: 24 Months Vellore Institute of Technology VIT MSc in Data Science Starts on Aug 14, 2024 Get Details Skills you'll gain: Strategic Data-Analysis, including Data Mining & Preparation Predictive Modeling & Advanced Clustering Techniques Machine Learning Concepts & Regression Analysis Cutting-edge applications of AI, like NLP & Generative AI Duration: 8 Months IIM Kozhikode Professional Certificate in Data Science and Artificial Intelligence Starts on Jun 26, 2024 Get Details Donald Trump 's getaway is taking him considerably farther from the nation's capital, to the coast of Scotland. The White House isn't calling Trump's five-day, midsummer jaunt a vacation, but rather a working trip where the Republican president might hold a news conference and sit for interviews with US and British media outlets. Trump was also talking trade in separate meetings with European Commission chief Ursula von der Leyen and British Prime Minister Keir Starmer. Live Events Trump is staying at his properties near Turnberry and Aberdeen, where his family owns two golf courses and is opening a third on August 13. Trump played golf over the weekend at Turnberry and is helping cut the ribbon on the new course on Tuesday. He's not the first president to play in Scotland: Dwight D Eisenhower played at Turnberry in 1959, more than a half century before Trump bought it, after meeting with French President Charles de Gaulle in Paris. But none of Trump's predecessors has constructed a foreign itinerary around promoting vacation sites his family owns and is actively expanding. It lays bare how Trump has leveraged his second term to pad his family's profits in a variety of ways, including overseas development deals and promoting crypto-currencies, despite growing questions about ethics concerns. "You have to look at this as yet another attempt by Donald Trump to monetise his presidency," said Leonard Steinhorn, who teaches political communication and courses on American culture and the modern presidency at American University. "In this case, using the trip as a PR opportunity to promote his golf courses." Presidents typically vacation in the US Franklin D Roosevelt went to the Bahamas, often for the excellent fishing, five times between 1933 and 1940. He visited Canada's Campobello Island in New Brunswick, where he had vacationed as a child, in 1933, 1936 and 1939. Reagan spent Easter 1982 on vacation in Barbados after meeting with Caribbean leaders and warning of a Marxist threat that could spread throughout the region from nearby Grenada. Presidents also never fully go on vacation. They travel with a large entourage of aides, receive intelligence briefings, take calls and otherwise work away from Washington. Kicking back in the United States, though, has long been the norm. Harry S Truman helped make Key West, Florida, a tourist hot spot with his "Little White House" cottage there. Several presidents, including James Buchanan and Benjamin Harrison, visited the Victorian architecture in Cape May, New Jersey. More recently, Bill Clinton and Barack Obama boosted tourism on Massachusetts' Martha's Vineyard, while Trump has buoyed Palm Beach, Florida, with frequent trips to his Mar-a-Lago estate. But any tourist lift Trump gets from his Scottish visit is likely to most benefit his family. "Every president is forced to weigh politics versus fun on vacation," said Jeffrey Engel, David Gergen Director of the Centre for Presidential History at Southern Methodist University in Dallas, who added that Trump is "demonstrating his priorities." "When he thinks about how he wants to spend his free time, A. playing golf, B. visiting places where he has investments and C. enhancing those investments, that was not the priority for previous presidents, but it is his vacation time," Engel said. It's even a departure from Trump's first term, when he found ways to squeeze in visits to his properties while on trips more focused on work. Trump stopped at his resort in Hawaii to thank staff members after visiting the memorial site at Pearl Harbour and before embarking on an Asia trip in November 2017. He played golf at Turnberry in 2018 before meeting with Russian President Vladimir Putin in Finland. Trump once decried the idea of taking vacations as president. "Don't take vacations. What's the point? If you're not enjoying your work, you're in the wrong job," Trump wrote in his 2004 book, "Think Like a Billionaire." During his presidential campaign in 2015, he pledged to "rarely leave the White House." Even as recently as a speech at a summit on artificial intelligence in Washington on Wednesday, Trump derided his predecessor for flying long distances for golf - something he's now doing. "They talked about the carbon footprint and then Obama hops onto a 747, Air Force One , and flies to Hawaii to play a round of golf and comes back," he said. Presidential vacations and any overseas trips were once taboo Trump isn't the first president not wanting to publicise taking time off. George Washington was criticised for embarking on a New England tour to promote the presidency. Some took issue with his successor, John Adams, for leaving the then-capital of Philadelphia in 1797 for a long visit to his family's farm in Quincy, Massachusetts. James Madison left Washington for months after the War of 1812. Teddy Roosevelt helped pioneer the modern presidential vacation in 1902 by chartering a special train and directing key staffers to rent houses near Sagamore Hill, his home in Oyster Bay, New York, according to the White House Historical Association. Four years later, Roosevelt upended tradition again, this time by becoming the first president to leave the country while in office. The New York Times noted that Roosevelt's 30-day trip by yacht and battleship to tour construction of the Panama Canal "will violate the traditions of the United States for 117 years by taking its President outside the jurisdiction of the Government at Washington." In the decades since, where presidents opted to vacation, even outside the US, has become part of their political personas. In addition to New Jersey, Grant relaxed on Martha's Vineyard. Calvin Coolidge spent the 1928 Christmas holidays at Sapelo Island, Georgia. Lyndon B Johnson had his "Texas White House," a Hill Country ranch. Eisenhower vacationed in Newport, Rhode Island. John F Kennedy went to Palm Springs, California, and his family's compound in Hyannis Port, Massachusetts, among other places. Richard Nixon had the " Southern White House " on Key Biscayne, Florida, while Joe Biden travelled frequently to Rehoboth Beach, Delaware, while also visiting Nantucket, Massachusetts, and St Croix in the US Virgin Islands. George H W Bush was a frequent visitor to his family's property in Kennebunkport, Maine, and didn't let the start of the Gulf War in 1991 detour him from a monthlong vacation there. His son, George W Bush, opted for his ranch in Crawford, Texas, rather than a more posh destination. Presidential visits help tourism in some places more than others, but Engel said that for some Americans, "if the president of the Untied States goes some place, you want to go to the same place." He noted that visitors emulating presidential vacations are out "to show that you're either as cool as he or she, that you understand the same values as he or she or, heck, maybe you'll bump into he or she."


India Today
9 hours ago
- India Today
What municipal bond market foray means for Gandhinagar's future
Gujarat capital Gandhinagar has cautiously attempted a leap into the municipal bond market with a modest issue size of Rs 25 crore, but it was pleasantly surprised when oversubscribed nine times to Rs 225 crore in just one minute on the National Stock Exchange Gandhinagar Municipal Corporation (GMC) has become the 17th municipal corporation in the country to issue municipal bonds, and the fifth in Gujarat. The city got a municipal corporation 15 years municipal bond market of 17 cities totals to Rs 3,359 crore, of which Gujarat's five cities make up Rs 925 crore, a little under a third of the total value. Gujarat has been among the frontrunners in availing financing through municipal bonds, with the highest number of cities opting for early, yet modest, leap into the municipal bond market is explained by GMC commissioner J.N. Vaghela. 'This is an infrastructure bond issued with the explicit purpose of developing a high street road of six km between Raksha Shakti Circle and GIFT City. In the near future, we are planning for this stretch to develop as the hub of activity as part of the planned city development,' Vaghela told INDIA TODAY. The GMC received investment from retail investors, foreign institutional investors (FIIs) and several public sector undertakings. 'Bonds are a very nimble instrument to raise money. The US's city bond market is worth $3.5 trillion, while India's, with 8,000 municipal corporations, is just $500 million. Only 37 Indian cities have credit rating. I believe in the next 3-5 years, at least 500 Indian cities should work to get credit ratings,' says Keshav Verma, chairman of the high-level committee on urban planning appointed by the Union ministry of housing and urban was designed as a planned city on the banks of the Sabarmati river by French architect Le Corbusier, along with Chandigarh, in the 1950s. Its planned development continues seven decades later as it is metamorphosing from a sleepy retirement haven for state government employees to a vibrant metropolis of international business and premium education population went up from 24,055 in 1971 to an estimated 250,000 in 2024, and this number is projected to increase at least four fold over the next decade. Gandhinagar's urban area has expanded from 56 sq km in the seventies to 388 sq km presently, including the region covered by the GMC and the Gandhinagar Urban Development Authority (GUDA).Since 2001, when Narendra Modi took over as chief minister of the state, the city has hosted the biannual Vibrant Gujarat Global Summit, which brought attention to the once-sleepy town with an infusion of business visitors and the beginnings of the hospitality industry. The establishment of educational institutions, such as the National Institute of Design, the Dhirubhai Ambani Institute of Information and Communication Technology and the Pandit Deendayal Energy University, further acted as boosters. GIFT City on the eastern banks of the Sabarmati put Gandhinagar on the global the political patronage of its Lok Sabha MP and former deputy prime minister L.K. Advani till 2019, and incumbent Union home minister Amit Shah, the city is now being developed as a seamless urban agglomerate with Ahmedabad. The expanded metropolis is soon expected to have a joint urban local body for ease of administration. The much-touted Sabarmati Riverfront will extend up to GIFT City in another three latest data of the National Housing Board's (NHB) Residential Index (Residex), comparing prices between 2018 and 2024, revealed that the price per sq feet of a built-up property has more than doubled, a feat not matched by any other city in the country under the NHB's study for the period. Yet the true import of being Gandhinagar is in the promise of the future as its development is undertaken with the aspiration to host the Summer Olympics in 2036 with twin city the past two years, GMC has undertaken rigorous external audits and achieved CARE (AA) and CRISIL (AA-/Stable) credit ratings. 'Over the past five years, there has been a steady rise in budgetary allocation from the state government to GMC, resulting in its good financial health. We are now looking to become self-sustainable,' Vaghela said the issuance of bonds was to test market sentiment by the GMC, necessitated as it is a small and relatively young urban local body. 'The response has given confidence to administrators working on a major Green Bond issue in the near future,' the source to India Today Magazine- Ends


Time of India
9 hours ago
- Time of India
G Sathiyan and Akash Pal win doubles title; Sreeja loses singles final
Indian paddlers G Sathiyan and Akash Pal scripted a stirring triumph at the WTT Contender Lagos on Saturday, clinching the men's doubles crown with a dominant 3-0 (11-9, 11-4, 11-9) win over France's Leo de Nodrest and Jules Rolland. Tired of too many ads? go ad free now More that just a win, it was also revenge of sorts. Both Sathiyan and Akash had suffered defeats to the same French duo in their respective singles campaigns. Go Beyond The Boundary with our YouTube channel. SUBSCRIBE NOW! Akash fell to Nodrest in the quarterfinals, while Rolland halted Sathiyan's run in the Round of 16. 'We both lost to them in singles, so to beat them in the final was really satisfying,' Sathiyan told TOI after the win. What made the triumph sweeter was that this was their first outing as a doubles pair. 'The surprise element worked in our favour,' Sathiyan explained. 'Akash has always been good at doubles. I told him to stay calm and play every point with intent. Once we won the first game after being four points down, it really shifted the momentum our way.' Pal may not be a household name just yet, but Sathiyan believes the 23-year-old is a rare gem. 'After Sharath Kamal, I haven't seen anyone in India hit the ball that hard,' he said. He generates immense power from both wings and that puts a lot of pressure on opponents.' Sreeja Akula's dream run at the WTT Contender Lagos came to an end in the women's singles final, where she lost 1-4 (7-11, 3-11, 4-11, 11-9, 11-13) to Japan's Honoka Hashimoto on Saturday. The fifth was a thrill -er, with Sreeja holding a game point before narrowly going down 11-13.