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Tag: races

Virgin Atlantic races to land First Data rescue backing

Virgin Atlantic races to land First Data rescue backing

Business
Sir Richard Branson's Virgin Atlantic Airways is this weekend racing to secure the backing of a giant American payments group for a £1bn rescue deal that would save thousands of British aviation jobs.Sky News has learnt that First Data, a subsidiary of Nasdaq-listed Fiserv, has in recent days demanded stringent terms in return for its endorsement of a refinancing of the UK-based airline. Sources said on Saturday that Shai Weiss, Virgin Atlantic's chief executive, was trying to moderate First Data's demands that it holds on to all the cash generated by future bookings to protect itself against the risk of the carrier's collapse.Tens of millions of pounds of customer payments are understood to be at the centre of the talks.One insider said Virgin Atlantic was hopeful of reaching an agreement...
Met Mile, Los Alamitos Derby, top turf races at Belmont in weekend U.S. horse racing

Met Mile, Los Alamitos Derby, top turf races at Belmont in weekend U.S. horse racing

Sports
July 3 (UPI) -- The Met Mile and some magnificent turf races at Belmont Park, last-chance hopes for some Kentucky Derby hopefuls at Los Alamitos and the return of Delaware Park top weekend horse racing in North America. Bellafina is back in action at Los Al, exactly two years after she started her career on that track. Advertisement Let's hop to it: The Road to the Roses Five-time Kentucky Derby-winning trainer Bob Baffert's once bountiful supply of 2020 Derby contenders has dwindled sharply in the past month, thanks to injuries and retirements. So Thousand Words get another chance in a field of just five for Saturday's $ 150,000 Grade III Los Alamitos Derby. Thousand Words, a Pioneerof the Nile colt, won his first three starts, including the Grade II Los Alamitos Futurity in December ...
Formula 1 2020: Japan, Singapore and Azerbaijan races cancelled

Formula 1 2020: Japan, Singapore and Azerbaijan races cancelled

Sports
The Japanese, Singapore and Azerbaijan Grands Prix have been cancelled because of the coronavirus pandemic.Formula 1 has tried to find a way to hold the races in 2020 but announced on Friday that was not possible in the uncertain global situation.The historic event at Suzuka is off as a result of Japan's ban on many international travellers.Races in Singapore and Baku cannot be held because the street circuits cannot be built in the current climate.The cancellations mean F1 has lost a further three key grands prix to the Covid-19 crisis that has already claimed the season-opening race in Australia and the blue-riband Monaco event.Japan and Singapore are two of the most prestigious and popular races on the calendar.Suzuka resonates with drivers and fans alike as perhaps the most challenging...
China races to build its own Tesla as economy slows and subsidies dry up

China races to build its own Tesla as economy slows and subsidies dry up

Finance
A view of electric cars owned by a local car-sharing company in Wuhan, China.Feature China | Barcroft Images | Barcroft Media | Getty ImagesBEIJING — When an idea strikes a chord with national ambition in China, the result can be millions of dollars wasted and a handful of start-ups struggling to survive in a cooling economy.In the last few years, venture capitalists rushed to pour billions of dollars into the emerging electric vehicle industry backed by the Chinese government. So far, it's less clear how that bet has paid off. Take a look at the recent headlines:Shares of U.S.-listed Nio, arguably China's closest competitor with Tesla, are down more than 50% this year to about $ 2.70 each.In November, Alibaba-backed XPeng tapped its own Chairman and CEO He Xiaopeng for a $ 400 million inv...
Massive upset in Juvenile headlines 1st day of Breeders’ Cup races

Massive upset in Juvenile headlines 1st day of Breeders’ Cup races

Sports
Nov. 2 (UPI) -- The first day of the Breeders' Cup World Championships at Santa Anita on Friday was full of surprises, none bigger than the result of the day's feature. The entire complexion of the $ 2 million TVG Breeders' Cup Juvenile changed as the gate opened and the odds-on favorite, Dennis's Moment, stumbled badly, a mishap that opened the doors to an all-long shot finish in a race that normally crowns an early favorite for the following spring's Kentucky Derby. Jockey Irad Ortiz Jr. was lucky to stay aboard Dennis' Moment and the colt never got into the mix, finishing last of eight. Instead, it was Storm the Court, at odds of 45-1, who took the lead and held it, finally fending off a late bid by 25-1 chance Anneau d'Or to win by a neck with Wrecking Crew, off at 35-1, completing a...