The FIA president Max Mosley has called on teams to make proposals to cut costs.
The FIA president Max Mosley has called on teams to make proposals to cut costs.

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Mosley urges teams to drive down costs

The FIA president has called on teams to cut costs and improve racing because he feels F1 is becoming "unsustainable".

Alam Khan

July 03, 2008

The FIA president Max Mosley has called on teams to make proposals to cut costs and improve racing because he feels Formula One is becoming "unsustainable". He wants them to drive down the cost of running manufacturer teams by at least 50 per cent and improve the fuel efficiency of cars. Mosley's message before Sunday's British Grand Prix and he has set a deadline of October 3 for the submission of proposals with the new rules to be introduced at the start of the 2011 season. In a letter, he said: "Formula One is becoming unsustainable. The major manufacturers are currently employing up to 1,000 people to put two cars on the grid. This is clearly unacceptable at a time when all these companies are facing difficult market conditions. "Also, with attention on problems worldwide, Formula One cannot afford to be profligate in its use of fuel." The FIA has already set out part of its green initiative with the planned phased introduction of the Kinetic Energy Recovery System (KERS). It will channel energy generated under braking into batteries which can then be used to power the cars. Mosley is looking for a 20 per cent reduction in fuel consumption by 2011, "progressing to 50 per cent in 2015". "Without the KERS initiative, some major sponsors might have already left," he added. "This matter is now urgent. "We need proposals that we can turn into detailed rules. These must be ready within three months and have the support of at least the majority of teams, failing which the FIA will itself prepare new rules for 2011."

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Director: Basel Adra, Yuval Abraham, Rachel Szor, Hamdan Ballal

Stars: Basel Adra, Yuval Abraham

Rating: 3.5/5

Origin
Dan Brown
Doubleday

Key findings
  • Over a period of seven years, a team of scientists analysed dietary data from 50,000 North American adults.
  • Eating one or two meals a day was associated with a relative decrease in BMI, compared with three meals. Snacks count as a meal. Likewise, participants who ate more than three meals a day experienced an increase in BMI: the more meals a day, the greater the increase. 
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  • Those who turned the eating day on its head to make breakfast the biggest meal of the day, did even better. 
  • But scrapping dinner altogether gave the best results. The study found that the BMI of subjects who had a long overnight fast (of 18 hours or more) decreased when compared even with those who had a medium overnight fast, of between 12 and 17 hours.
In numbers: PKK’s money network in Europe

Germany: PKK collectors typically bring in $18 million in cash a year – amount has trebled since 2010

Revolutionary tax: Investigators say about $2 million a year raised from ‘tax collection’ around Marseille

Extortion: Gunman convicted in 2023 of demanding $10,000 from Kurdish businessman in Stockholm

Drug trade: PKK income claimed by Turkish anti-drugs force in 2024 to be as high as $500 million a year

Denmark: PKK one of two terrorist groups along with Iranian separatists ASMLA to raise “two-digit million amounts”

Contributions: Hundreds of euros expected from typical Kurdish families and thousands from business owners

TV channel: Kurdish Roj TV accounts frozen and went bankrupt after Denmark fined it more than $1 million over PKK links in 2013 

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  • If you decide to be brave and go for it, seek professional advice and use a semi-permanent colour
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Real estate tokenisation project

Dubai launched the pilot phase of its real estate tokenisation project last month.

The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.

Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.

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