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Formula One boss Ecclestone backs London GP
Source: BI-ME with AFP , Author: Posted by BI-ME staff
Posted: Thu June 28, 2012 11:45 am

INTERNATIONAL. Formula One boss Bernie Ecclestone has offered to stump up £35 million (US$54.5 million) to stage a grand prix around London's famous streets, according to the Times.

The 3.2 mile (5.1 km) route will be unveiled when the full plan is presented later Thursday, but it would take in landmarks including Buckingham Palace and Trafalgar Square, the report said on Thursday.

Organisers estimate 120,000 spectators would flock to the showpiece event -- making it the biggest race on the tour -- and hope the money they would spend would more than cover Formula One's investment.

"Think what it would do for tourism," Ecclestone told the paper.

"It would be fantastic, good for London, good for England -- a lot better than the Olympics," he added.

 

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: July 6, 2015
UAE. Business doesn't predict a plunge, London Business School survey finds; Only 3% of those surveyed expect an annual decline larger than 20%; Over a third cited a strong economic outlook.
date:Posted: July 6, 2015
INTERNATIONAL. Pretend and extend died last night, hopefully it will be replaced with a normal business cycle, normal ebbs and flows, but first politicians will try to save face by trying to do just one more round of pretend-and-extend, but the patient has died.
date:Posted: July 6, 2015
UAE. Marked slowdowns in growth of output and new business were at the forefront of the overall deceleration, while employment continued to rise at a solid pace.
INTERNATIONAL. Pretend and extend died last night, hopefully it will be replaced with a normal business cycle, normal ebbs and flows, but first politicians will try to save face by trying to do just one more round of pretend-and-extend, but the patient has died.
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