The billionaire Carlos Slim has denied he is in talks to take over the Honda Formula One team.
Reports in Italy had linked the Mexican businessman, who owns telecommunications firm Telmex and a racing team, with a takeover of Honda, who were put up for sale by the Japanese car manufacturers earlier this month.
The Telmex racing team issued a statement on their website quashing suggestions any deal had been done.
"The Telmex Team can confirm that Carlos Slim Helu has not bought the Honda Formula One team nor is holding any negotiations to do so, therefore all information related to this subject has no basis and is completely false," it read.
The team principal Ross Brawn backed up the denial from Telmex but added that negotiations with a number of interested parties, believed to include at least one Middle East consortium, are continuing.
A deadline of next month has been set to find an investor and Brawn revealed Honda could stay in business through to the season opener in Melbourne at the end of March.
Brawn said: "There has been a huge amount of interest. It's now got to the stage where we need to filter out the serious from the not so serious.
"We're all hopeful that something will happen and we're anxious to turn up the wick again in the new year.
"We haven't really lost anything yet as it has still only been a few weeks. Everything is in place although we have had to turn down various programmes.
"We have enough funding to get us through to Melbourne and we still have a competitive package."
Despite its huge resources, Honda had a dismal 2008 season and was pinning its hopes on next year's new rules levelling the playing field.
Button, a winner for Honda in Hungary in 2006, scored just three points while Barrichello took 11. The team finished ninth overall.
*With agencies
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COMPANY PROFILE
Name: Almnssa
Started: August 2020
Founder: Areej Selmi
Based: Gaza
Sectors: Internet, e-commerce
Investments: Grants/private funding
Duterte Harry: Fire and Fury in the Philippines
Jonathan Miller, Scribe Publications
German intelligence warnings
- 2002: "Hezbollah supporters feared becoming a target of security services because of the effects of [9/11] ... discussions on Hezbollah policy moved from mosques into smaller circles in private homes." Supporters in Germany: 800
- 2013: "Financial and logistical support from Germany for Hezbollah in Lebanon supports the armed struggle against Israel ... Hezbollah supporters in Germany hold back from actions that would gain publicity." Supporters in Germany: 950
- 2023: "It must be reckoned with that Hezbollah will continue to plan terrorist actions outside the Middle East against Israel or Israeli interests." Supporters in Germany: 1,250
Source: Federal Office for the Protection of the Constitution
COMPANY%20PROFILE
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How to avoid crypto fraud
- Use unique usernames and passwords while enabling multi-factor authentication.
- Use an offline private key, a physical device that requires manual activation, whenever you access your wallet.
- Avoid suspicious social media ads promoting fraudulent schemes.
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How to protect yourself when air quality drops
Install an air filter in your home.
Close your windows and turn on the AC.
Shower or bath after being outside.
Wear a face mask.
Stay indoors when conditions are particularly poor.
If driving, turn your engine off when stationary.
Other workplace saving schemes
- The UAE government announced a retirement savings plan for private and free zone sector employees in 2023.
- Dubai’s savings retirement scheme for foreign employees working in the emirate’s government and public sector came into effect in 2022.
- National Bonds unveiled a Golden Pension Scheme in 2022 to help private-sector foreign employees with their financial planning.
- In April 2021, Hayah Insurance unveiled a workplace savings plan to help UAE employees save for their retirement.
- Lunate, an Abu Dhabi-based investment manager, has launched a fund that will allow UAE private companies to offer employees investment returns on end-of-service benefits.