F1 teams agree to cut costs with budget limit of US$145 million
May 23, 2020 | 09:03
LONDON: Formula 1 teams on Friday (May 22) agreed to cap spending at US$145 million next season as the sport attempts to counter the financial fallout from the coronavirus pandemic, media reports claimed.
Britain's BBC to axe 450 newsroom jobs in cost-cutting drive
January 30, 2020 | 09:04
The BBC said on Wednesday (Jan 29) it will cut around 450 jobs from its news division as part of an £80 million (US$103 million) savings drive and modernisation programme.
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