AU – Michmutters

Tag: AU

Categories
Sports

Piastri’s stance has knock-on effects for other teams

Piastri's stance has knock-on effects for other teams

LONDON, Aug 10 (Reuters) – Oscar Piastri’s rift with Alpine has also forced a change of plan at Williams and could have a knock-on effect around the Formula One paddock.

While the main focus has been on Renault-owned Alpine and McLaren, who both want the 21-year-old Australian to drive for them next season, tail-enders Williams have had to reassess their next step.

Alpine’s original plan was to loan their reserve, and last year’s Formula Two champion, to Williams for at least a year and possibly more until he returned as Fernando Alonso’s replacement.

Register now for FREE unlimited access to Reuters.com

The principle was the same as when Mercedes placed George Russell for three seasons at Williams to learn the ropes before bringing him back as team mate to seven-times world champion Lewis Hamilton.

Talks were so far advanced that the Australian had a seat fitting at Williams and a contract for 2023 was drawn up between the two teams, with Alpine having already agreed on Piastri’s salary.

Then Alonso decided to race for Aston Martin next year and Piastri, offered the Alpine seat, said no — with a McLaren deal apparently more tempting. read more

Piastri would have replaced Canadian Nicholas Latifi at Williams, the only driver on the starting grid who has yet to score a point in 13 races this season, alongside British-born Thai Alexander Albon.

Latifi brings sponsorship and could potentially retain the seat, with many of the potential replacements lacking such financial clout.

With Alpine currently fourth in the championship and Williams last, the seat spurned by Piastri is the most attractive.

If Alpine do not take McLaren’s soon-to-be-discarded Australian Daniel Ricciardo, then they may be in the same market as Williams.

One possibility who stands out is current Formula E champion and 2019 Formula Two title-holder Nyck de Vries, a Mercedes F1 reserve who has already taken part in Friday first practice with Williams.

De Vries, 27, is also looking for a seat for 2023, with Mercedes pulling out of Formula E after selling their championship-leading team to McLaren.

Williams have 21-year-old American Logan Sargeant on their books, with team boss Jost Capito saying last month that he saw the F2 driver as a prospect for the future, but it may be too early for him. read more

The future of Mick Schumacher, currently with Ferrari-powered Haas, has yet to be determined while China’s former Alpine academy driver Guanyu Zhou is having a solid first season at Alfa Romeo.

Alfa, run by Swiss-based Sauber with former Renault team boss Fred Vasseur at the helm, have 18-year-old French F2 prospect Theo Pourchaire on their books as a talent for the future.

Beyond that there are racers looking for a way back into Formula One and others, such as India’s Jehan Daruvala, hoping for a door to open from the junior series.

“I’ve had all sorts of people (calling),” Alpine principal Otmar Szafnauer told Reuters this week. “Some of the guys in the junior formulas, some of the Formula E guys. Maybe eight or 10.”

Register now for FREE unlimited access to Reuters.com

Reporting by Alan Baldwin, editing by Christian Radnedge

Our Standards: The Thomson Reuters Trust Principles.

.

Categories
US

Biden signs documents of US support for Sweden, Finland to join NATO

Biden signs documents of US support for Sweden, Finland to join NATO

WASHINGTON, Aug 9 (Reuters) – US President Joe Biden on Tuesday signed documents endorsing Finland and Sweden’s accession to NATO, the most significant expansion of the military alliance since the 1990s as it responds to Russia’s invasion of Ukraine.

Biden signed the US “instrument of ratification” welcoming the two countries, the final step for their endorsement by the United States.

“It was and is a watershed moment I believe in the alliance and for the greater security and stability not only of Europe and the United States but of the world,” he said of their entry into the post World War Two alliance.

Register now for FREE unlimited access to Reuters.com

The US Senate backed the expansion by an overwhelming 95-1 last week, a rare display of bipartisan unity in a bitterly divided Washington. Both Democratic and Republican Senators strongly approved membership for the two Nordic countries, describing them as important allies whose modern militaries already worked closely with NATO. read more

The vote was a sharp contrast with some rhetoric in Washington during the administration of former Republican President Donald Trump, who pursued an “America First” foreign policy and criticized NATO allies who failed to reach defense spending targets.

US President Joe Biden delivers remarks and signs documents endorsing Finland’s and Sweden’s accession to NATO, in the East Room of the White House, in Washington, US, August 9, 2022. REUTERS/Evelyn Hockstein

Sweden and Finland applied for NATO membership in response to Russia’s Feb. 24 invasion of Ukraine. Moscow has repeatedly warned both countries against joining the alliance.

Putin is getting “exactly what he did not want,” with the two countries entering the alliance, Biden said.

NATO’s 30 allies signed the accession protocol for Sweden and Finland last month, allowing them to join the nuclear-armed alliance once all member states ratify the decision. read more

The accession must be ratified by the parliaments of all 30 North Atlantic Treaty Organization members before Finland and Sweden can be protected by Article Five, the defense clause stating that an attack on one ally is an attack on all.

Ratification could take up to a year, although the accession has already been approved by a few countries including Canada, Germany and Italy.

Register now for FREE unlimited access to Reuters.com

Reporting by Patricia Zengerle and Jeff Mason Editing by Mark Heinrich and Grant McCool

Our Standards: The Thomson Reuters Trust Principles.

.

Categories
US

US to send $4.5 billion more to Ukraine for budget needs

US to send $4.5 billion more to Ukraine for budget needs

National flags of Ukraine and the US fly at a compound of a police training base outside kyiv, Ukraine, May 6, 2016. Picture taken May 6, 2016. REUTERS/Valentyn Ogirenko

Register now for FREE unlimited access to Reuters.com

Aug 8 (Reuters) – The United States will provide an additional $4.5 billion to Ukraine’s government, bringing its total budgetary support since Russia’s February invasion to $8.5 billion, the US Agency for International Development said on Monday.

The funding, coordinated with the US Treasury Department through the World Bank, will go to the Ukraine government in tranches, beginning with a $3 billion disbursement in August, USAID, the Agency for International Development, said.

It follows previous transfers of $1.7 billion in July and $1.3 billion in June, USAID said. Washington has also provided billions of dollars in military and security support. The Pentagon announced a $1 billion arms aid package on Monday. read more

Register now for FREE unlimited access to Reuters.com

Overall, the United States has contributed more than $18 billion to Ukraine this year.

The new budgetary funds are to help the Ukrainian government maintain essential functions, including social and financial assistance for the growing poor population, children with disabilities, and millions of internally displaced persons, as the war drags on.

Ukrainian officials estimate the country faces a $5 billion-a-month fiscal shortfall – or 2.5% of pre-war gross domestic product – due to the cost of the war and declining tax revenues. Economists say that Ukraine’s annual deficit will swell to 25% of GDP, compared with 3.5% before the conflict.

The World Bank estimates that 55% of Ukrainians will be living in poverty by the end of 2023 as a result of the war and the large numbers of displaced persons, compared with 2.5% before the start of the war.

USAID said US budget support has enabled the Ukrainian government to keep gas and electricity flowing to hospitals, schools and other critical infrastructure and deliver urgently needed humanitarian supplies to citizens.

The funds have also paid for healthcare workers, teachers and other civil servants.

USAID said robust safeguards had been put in place by the World Bank, along with USAID-funded, third-party watchdogs embedded within the Ukrainian government to make sure the funds are directed where they are meant to go.

“This economic assistance is critical in supporting the Ukrainian people as they defend their democracy against Russia’s unprovoked war of aggression,” US Treasury Secretary Janet Yellen said in a statement provided to Reuters.

The injection of fresh cash for Ukraine comes as the war, which Russia calls “a special military operation,” stretches into a sixth month, with millions of displaced Ukrainians and authorities warning of likely gas shortages in winter.

Register now for FREE unlimited access to Reuters.com

Reporting by Andrea Shalal; Editing by Heather Timmons and Howard Goller

Our Standards: The Thomson Reuters Trust Principles.

.