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F1 owner Liberty Media has announced that president and CEO Greg Maffei will step down by the end of 2024. Maffei, who joined the American investment firm in 2005 and became CEO in February 2006, has opted not to renew his expiring contract and will be leaving Liberty Media. He will be replaced on an interim basis by Liberty Media Chairman John Malone, who will remain as a senior advisor to ensure a smooth leadership transition, the company said. In that role, Maffei was the driving force behind the company’s acquisition of F1 in 2017 and helped transform the series…

Business News Live: Get real-time updates on the biggest news from the world in business, stock market and more.Latest news for November 14, 2024: In this Tuesday file photo, a delivery worker from food aggregator Swiggy in New Delhi rides a bike to his destination. Today’s Business News Live Updates: Follow us for coverage on Bill Gates, Elon Musk, Mukesh Ambani and Gautam Adani as we bring you everything happening in the world of business. You can also track the latest gold and silver prices here. Stay on top of all your business with us. Disclaimer: This is an AI-generated…

Looking to the future, Faraday and Lucid have similar long-term strategies: increasing the total addressable market. For both, this primarily means building cheaper cars and expanding their lineups. Lucid is slightly ahead of Faraday in this regard. Starting at $94,900, the Gravity SUV is expected to go into production later this year. A lower trim version, the Grand Touring, will be introduced in late 2025 for an estimated $79,900. Rawlinson and his team have repeatedly hinted at even cheaper “high-capacity midscale platforms” for 2026. “We estimate that the total addressable market (for this vehicle) is about 30 times what our…

Jeff Borzello, ESPN Staff WriterNovember 13, 2024, 1:18 a.m. ETClose Basketball Insider Recruitment. Joined ESPN in 2014. Graduated from the University of Delaware.ATLANTA — Duke University basketball coach John Scheier called the recurring problem “alarming” after another star freshman dealt with a seizure issue.Blue Devils freshman center Carman Maruaha was limited to 10 minutes in the second half of Tuesday’s 77-72 loss to Kentucky, coming in and out of the game multiple times due to cramps.Reserve guard Theon James also left midway through the second half after being hit on a screen with about 13 minutes remaining. James grabbed his…

President Donald Trump announced Wednesday that he has nominated Florida Rep. Matt Gaetz to be U.S. attorney general, appointing a far-right supporter to one of the most powerful posts in the U.S. government.Late Wednesday night, Gaetz resigned from Congress, ending an ethics investigation by the House Ethics Committee into allegations including sexual misconduct.Gaetz’s nomination is one of the most important yet. As attorney general, he will become the country’s top law enforcement officer and oversee the government’s legal positions on key issues such as abortion, civil rights law and First Amendment issues. The president-elect has promised to use the Justice…

Irving, Texas – In a fight between one of the greatest boxers of all time and a man who rose to fame through YouTube, social media and the Disney Channel, the latter will be the betting favorite.The odds currently place 27-year-old Jake Paul as the favorite over 58-year-old Mike Tyson for Friday night’s much-anticipated fight in Dallas.Of course, Paul is fresh because it’s his third game this year. He is also 29 years younger than Tyson. Tyson, on the other hand, hasn’t fought professionally since 2005. The fight against Roy Jones four years ago was an exhibition.CLICK HERE FOR MORE…

Chinese sources said the country’s cutting edge stealth fighter It is planned to be deployed on an aircraft carrier and work with other carrier-based aircraft to promote joint operations.”Both J-15 and J-35 aircraft will be deployed on aircraft carriers,” Sun Cong, a senior aviation engineer at state-run aerospace giant Aviation Industry Corporation of China (AVIC), told Chinese media outlet The Paper. “It will be done,” he said.The J-35 is China’s newest fifth-generation fighter jet. J-15 The jet, for which Son is the lead designer, is already deployed on a Chinese aircraft carrier. Liaoning province and shandong province.Sun made the announcement…

MILAN — Global sales of personal luxury goods are expected to contract in 2025, according to a study published Wednesday by Bain Consulting. The book’s authors said the outlook could worsen if the sector is hit by President Donald Trump’s promised tariffs.”If this is implemented, it could be a nightmare,” Claudia D’Alpizio, who led the investigation for Italy’s luxury producer association Altagamma, told The Associated Press. “European brands can end up being very expensive in an already expensive environment.”President Trump has promised to impose tariffs of up to 20% on imported goods, which he claims will create factory jobs, reduce…

Live updates on today’s sports news: In the dynamic world of sports, every match and series brings fresh excitement. Sports News brings you closer to your favorite games with real-time updates and in-depth coverage of cricket series, hockey showdowns and badminton tournaments. From thrilling last-ball finishes in cricket to high-stakes hockey matches and ferocious rallies in badminton, we bring you insights, big moments and player achievements. Our goal is to keep you up to date with the biggest news in sports, including league championships, international series and outstanding individual performances.Disclaimer: This is an AI-generated live blog and has not been…

Storefronts of Dolce & Gabbana, Tiffany & Co. and Patek Philippe are shown as people enter Icon Siam, a luxury shopping mall along the Chao Phraya River, in Bangkok, Thailand, June 12, 2024. Lauren DeCicaghetti Images News | Getty ImagesThe personal luxury goods market slowed this year for the first time since the global financial crisis, as macroeconomic uncertainty and a notable slowdown in China weighed on consumer spending, according to Bain & Company’s annual luxury goods report. It is expected that they will face theWednesday’s survey results showed that demand for personal luxury goods, including clothing, bags, jewelry and…