Circuit

South African mining tycoon Neal Froneman to spend $402 million turning a 600-hectare farmland into a Formula 1 circuit to bring racing back to the country by 2031

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South African mining tycoon Neal Froneman to spend $402 million turning a 600-hectare farmland into a Formula 1 circuit to bring racing back to the country by 2031

A South African consortium led by former Sibanye-Stillwater executive chairman Neal Froneman is exploring a $402 million project to turn a 600-hectare farmland into a Formula 1 circuit in order to bring racing back to the country by 2031, as per a report by Business Tech.Blue Mountain Racing has secured about 600 hectares in Swartland, … Read more

Devas-Antrix case: Ninth Circuit upholds $1.2 billion US judgment, leaves India annulment unresolved

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Devas-Antrix case: ‘$1.2 billion’ US judgment upheld, India annulment unresolved. Photographer: Graeme Sloan/Bloomberg (Bloomberg)

The US Court of Appeals for the Ninth Circuit has upheld key parts of a US court judgment of about $1.2 billion against Antrix Corp., the commercial arm of the Indian space agency, in the long-running Devas Multimedia dispute. The court also rejected Antrix’s arguments that the case should be heard in India and that … Read more