Michael Jordan and Front Row’s Bob Jenkins standing firm in their fight against NASCAR

Michael Jordan and Front Row’s Bob Jenkins standing firm in their fight against NASCAR
Bob Jenkins, owner of Front Row Motorsports and co-owner Michael Jordan, of 23XI Racing, pose before a NASCAR Cup Series auto race at Talladega Superspeedway Sunday in Talladega, Ala. (AP)
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Updated 08 October 2024
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Michael Jordan and Front Row’s Bob Jenkins standing firm in their fight against NASCAR

Michael Jordan and Front Row’s Bob Jenkins standing firm in their fight against NASCAR
  • Jordan said before the race the lawsuit is on behalf of all Cup Series teams; 13 organizations signed the charter agreement, with 23XI and Front Row the only holdouts
  • NASCAR’s court response could come as early as this week ahead of Sunday’s playoff elimination race at Charlotte Motor Speedway

TALLADEGA, Alabama: Michael Jordan arrived at Talladega Superspeedway about 30 minutes before the start of the playoff race and made his way directly to Bubba Wallace’s pit stand for a quick visit with his guys.

The NBA great eventually made his way down pit road to Tyler Reddick’s stand, where he sat on the wall and waited for Front Row Motorsports owner Bob Jenkins. Both NASCAR team owners have refused to sign NASCAR’s charter agreement and last week filed a federal antitrust lawsuit against the stock car series.

The brief exchange Sunday was planned as a show of solidarity by the only two teams that chose not to accept NASCAR’s terms for its new revenue-sharing model. 23XI Racing and Front Row want a jury to decide if NASCAR is, indeed, “monopolistic bullies” as the suit alleges.

Jordan said before the race the lawsuit is on behalf of all Cup Series teams; 13 organizations signed the charter agreement, with 23XI and Front Row the only holdouts. Many team owners have said they signed on deadline and under threat of having the entire charter system revoked.

“I think everybody should have an opportunity to be successful in any business and my voice is saying it hasn’t been happening,” Jordan told Fox Sports.

He said he had no intention of speaking with NASCAR chairman Jim France, who is named in the suit, while in Talladega over the weekend.

The legal battle has become the biggest talking point in NASCAR in the middle of its playoffs as the entire industry waits to see what happens next. NASCAR has declined to comment and France declined to discuss it at Talladega. NASCAR’s court response could come as early as this week ahead of Sunday’s playoff elimination race at Charlotte Motor Speedway.

Michael McDowell, who won the pole for Sunday’s race for Front Row, defended Jenkins’ decision to battle NASCAR. McDowell decided months ago he was leaving the team he’s driven for since 2018 at the end of the season, but is supportive of what Jenkins and 23XI are trying to accomplish.

“Bob Jenkins is so dedicated to this sport,” McDowell said. “He has spent millions and millions and millions and millions and millions of his own dollars to be in this sport and to be competitive. Nobody does that unless they’re insane or super passionate.

“He’s passionate about our race team and being competitive. It’s been a steady progression and I feel like we’re at a point now where we’re a contender,” McDowell continued. “There is nobody spending what we spend and performing how we perform. Nobody. And if he has to spend his own money, there is a problem.”

Denny Hamlin, who co-owns 23XI Racing with Jordan and Curtis Polk, also defended taking the fight to court.

“It’s been stated in statements by Michael Jordan that he loves NASCAR,” Hamlin said. “We’ve obviously invested heavily in NASCAR and reinvested what I got out of this sport as a driver back into it as an owner. Certainly, we love the sport, just would love to see change as well.”

Asked if he thinks NASCAR has any appreciation for what Hamlin — who as a Charlotte Hornets season ticket-holder developed a relationship with Jordan and then persuaded Jordan to start a NASCAR team with him — and 23XI have done for the sport, Hamlin took a long pause.

“Probably not,” he finally answered.

Jordan is the highest-profile team owner in NASCAR, and one of only two who are Black. 23XI also has one of the most diverse teams in the garage, from driver Wallace to crew members and non-competition employees.

The lawsuit has raised another concern around the garage: Team owner Richard Childress said he was not sure if the agreement he signed is the same terms that, say, Hendrick Motorsports received — and if 23XI and Front Row eventually reach an agreement with NASCAR will organizations that have already signed be guaranteed the same terms?

“I don’t know what’s going to happen because it’s just so unprecedented in our sport,” Trackhouse Racing owner Justin Marks said. “There’s no historical precedent. I think in other cases like this, in other sports, you have collective bargaining unions. So it’s just a very, very different setting. I think we have a blank slate and we can land anywhere. I think whatever comes out of this, I have to believe that it should affect everybody the same.”


Closing Bell: Saudi Arabia’s TASI closes in green at 12,103

Closing Bell: Saudi Arabia’s TASI closes in green at 12,103
Updated 2 min 4 sec ago
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Closing Bell: Saudi Arabia’s TASI closes in green at 12,103

Closing Bell: Saudi Arabia’s TASI closes in green at 12,103
  • MSCI Tadawul Index also increased by 2.55 points, or 0.17%, to close at 1,517.16
  • Parallel market Nomu gained 11.83 points, or 0.04%, to close at 31,005.69 points

RIYADH: Saudi Arabia’s Tadawul All Share Index concluded Thursday’s trading session at 12,102.55 points, marking an increase of 25.24 points, or 0.21 percent. 

The total trading turnover of the benchmark index was SR5.55 billion ($1.47 billion), as 99 of the listed stocks advanced, while 131 retreated. 

The MSCI Tadawul Index also increased by 2.55 points, or 0.17 percent, to close at 1,517.16. 

The Kingdom’s parallel market Nomu reported increases, gaining 11.83 points, or 0.04 percent, to close at 31,005.69 points. This comes as 39 of the listed stocks advanced while as many as 43 retreated. 

The index’s top performer, Tihama Advertising and Public Relations Co., saw a 9.91 percent increase in its share price to close at SR16.86.  

Other top performers included Zamil Industrial Investment Co., which saw an 8.01 percent increase to reach SR35.05, while Al Yamamah Steel Industries Co.’s share price rose by 5.42 percent to SR36. 

AYYAN Investment Co. also recorded a positive trajectory, with share prices rising 4.99 percent to reach SR16. Fawaz Abdulaziz Alhokair Co. witnessed positive gains, with 4.49 percent reaching SR14.44. 

Arabian Cement Co. was TASI’s weakest performer, with its share price falling 5.81 percent to SR14.88. 

Riyadh Cement Co. followed with a 5.45 percent drop to SR30.35. Yamama Cement Co. also saw a notable decline of 5.26 percent to settle at SR33.35.  

Umm Al-Qura Cement Co. dropped 3.55 percent to SR17.94, while Methanol Chemicals Co. declined 3.03 percent to SR17.94, ranking among the top five decliners. 

In the parallel market Nomu, View United Real Estate Development Co. was the top gainer, with its share price surging by 22.64 percent to SR9.10. 

Other top gainers in the parallel market included Mulkia Investment Co., up 8.25 percent to SR40, and Enma AlRawabi Co., rising 6.67 percent to SR23.68. 

Naas Petrol Factory Co. and Meyar Co. were the other top gainers on the parallel market. 

Al-Modawat Specialized Medical Co. saw the largest decline on Nomu, with its share price slipping 8.05 percent to SR16. 

Naseej for Technology Co. fell 7.14 percent to SR65, while Saudi Azm for Communication and Information Technology Co. dropped 6.18 percent to SR28.10, ranking among the notable decliners on Nomu. 

On the announcement front, Al-Jouf Agricultural Development Co. said it has entered into a SR200 million Shariah-compliant bank facilities agreement with Banque Saudi Fransi to finance the company’s expansion plans and operational activities. 

Its share price closed at SR64.50, reflecting a 1.2 percent gain. 

Saudi Basic Industries Corp., or SABIC, announced that its Saudi affiliates have received official notification of increased feedstock prices, which is expected to affect the company’s production costs. 

SABIC’s shares closed at SR67.30, marking a decline of 0.59 percent. 

Sahara International Petrochemical Co., also known as Sipchem, received a notice from Saudi Aramco amending certain feedstock prices, effective Jan. 1. The financial impact is expected to result in a 2 percent increase in the total cost of sales, starting in the first quarter of the 2025 fiscal year. 

Sipchem’s shares ended the day at SR24.66, down 2.43 percent. 

National Agricultural Development Co., or NADEC, received a notification regarding an adjustment in fuel prices for its operational activities. The financial impact is estimated to result in a 1.5 percent increase in operating costs, to be reflected starting in the first quarter of fiscal year 2025. 

This change is expected to moderately raise production costs. NADEC’s shares closed at SR24.52, marking a 1.55 percent increase. 


Sri Lanka launches nationwide program to become ‘cleanest country in Asia’

Sri Lanka launches nationwide program to become ‘cleanest country in Asia’
Updated 25 min 28 sec ago
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Sri Lanka launches nationwide program to become ‘cleanest country in Asia’

Sri Lanka launches nationwide program to become ‘cleanest country in Asia’
  • ‘Clean Sri Lanka’ initiative aims to help ‘lift the nation,’ along with digitalization, poverty eradication
  • New government wants to usher in ‘transformative change’ for the country in 2025, president says

COLOMBO: Sri Lanka's new government has launched a nationwide project aiming to make it the cleanest country in Asia and enforce the principles of environmental justice.

President Anura Kumara Dissanayake kicked off the “Clean Sri Lanka” initiative on New Year’s Day, saying it would be focused on restoring the island nation’s environmental system.

Dissanayake, during a launching ceremony at the presidential secretariat in Colombo on Wednesday, said: “This endeavor goes beyond merely cleaning up the environment.

“It aspires to restore the deeply eroded and deteriorated social and environmental fabric of our motherland. We aim to create cleanliness and rejuvenation across all sectors of society.”

He added: “Every citizen must take responsibility for fulfilling their respective duties to ensure the success of this collective vision.”

The program is one of the main priorities of his administration, alongside poverty eradication and digital transformation.

Dissanayake assumed the top job in September and further consolidated his grip on power after his National People’s Power alliance won a majority in the legislature in November.

He is leading Sri Lanka as the nation continues to reel from the 2022 economic crisis — its worst since independence in 1948.

“Our firm resolution is to usher in transformative change for our country this year,” he said. “This year marks the start of a new political culture in our country, as we lay the necessary foundations for its development.”

The “Clean Sri Lanka” program is a part of efforts that will be overseen by an 18-member task force.

When Dissanayake announced the initiative last month, he said it aimed “to make Sri Lanka the cleanest country in the Asian region.”

The “Clean Sri Lanka” official website says it aims to engage communities to keep public spaces safe and clean, streamline waste disposal across the country and ensure that its world-famous beaches are clean.

It also seeks to fight corruption, promote accessible infrastructure for people with disabilities, improve air and water quality, and reduce the nation’s carbon footprint.

“If we do not make ours a cleaner country, our roads to be safer, how can we expect to develop tourism? Unless we make our public spaces disabled-friendly, how can we get them involved in the economy,” it stated, adding that the initiative was crucial to help Sri Lanka rebuild its battered economy.

Sri Lanka’s poor waste management was under global spotlight in 2022 when several elephants — which are endangered in the country — were found dead after consuming plastic in an open landfill in the eastern village of Pallakkadu.

The nation of 22 million people generates more than 1.5 million tonnes of plastic waste annually but recycles only 3 percent, compared to the world average of 7.2 percent.


Saudi Foreign Minister receives his Syrian counterpart

Saudi Foreign Minister receives his Syrian counterpart
Updated 5 min 28 sec ago
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Saudi Foreign Minister receives his Syrian counterpart

Saudi Foreign Minister receives his Syrian counterpart

Saudi Foreign Minister Prince Faisal bin Farhan received on Thursday his Syrian counterpart, Asaad Al-Shibani, in Riyadh, Al Arabiya TV reported.

Al-Shibani arrived with a high-level Syrian delegation, including Defense Minister Marahf Abu Qasra and Intelligence Chief Anas Khattab. They were welcomed at King Khalid International Airport by Saudi Deputy Foreign Minister Waleed Elkhereiji, according to the Saudi Press Agency.

This marks Al-Shibani's first foreign trip since the ouster of former Syrian president Bashar Assad on December 8. The visit comes after Syria’s new leader, Ahmed Al-Sharaa, praised Saudi Arabia's potential role in shaping Syria’s future during an interview with Al Arabiya on Sunday.


India’s network of extrajudicial killings and kidnappings has spread globally, says Pakistan

India’s network of extrajudicial killings and kidnappings has spread globally, says Pakistan
Updated 02 January 2025
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India’s network of extrajudicial killings and kidnappings has spread globally, says Pakistan

India’s network of extrajudicial killings and kidnappings has spread globally, says Pakistan
  • The Washington Post published report on India’s “methodical assassination program” to kill Pakistani nationals in Pakistan
  • There are other countries too that have supported our position and have seen India’s foreign activities, says foreign office

ISLAMABAD: Pakistan’s foreign office spokesperson reacted to a report this week by The Washington Post about India carrying out assassinations in neighboring Pakistan, saying that New Delhi’s network of extrajudicial killings has spread globally. 
The Washington Post published a report on Dec. 31 on a “methodical assassination program” employed by India’s Research and Intelligence Wing (RAW) intelligence agency since 2021 to kill at least a half dozen people deep within Pakistan. 
The report examined six cases in Pakistan through interviews with Pakistani and Indian officials, the militants’ allies and family members, and a review of police documents and other evidence collected by Pakistani investigators. 
“We have seen that India’s network of extrajudicial killings and kidnappings has spread globally now,” Mumtaz Zahra Baloch, the foreign office spokesperson, said in response to a question during a news briefing. “There are other countries too that have supported our position and have seen India’s foreign activities. They are concerned about these activities, especially the killings of foreign nationals on foreign soil.”
The report and Pakistan’s reaction to it comes amid tense relations between India and Canada hitting new lows in 2023 after the Canadian government said it was investigating a link between Indian government agents and the killing of a Sikh separatist leader, Hardeep Singh Nijjar, on Canadian soil. 
New Delhi denies involvement in Nijjar’s killing, and “strongly” rejected Canada’s allegations. 
Pakistan has repeatedly blamed India for sponsoring “terrorism” on its soil, blaming the country for arming and aiding militants in southwestern Pakistan, where it alleges New Delhi is targeting its economic partnership with China. 
“Pakistan has raised expressed serious reservations over extrajudicial killings carried out by India’s intelligence agencies within Pakistan,” the spokesperson said. 
Nuclear-armed India and Pakistan have fought two of three wars after independence from British rule in 1947 over the disputed former princely state of Kashmir. The first war was fought in 1947, the second in 1965, and a third, largely over what became Bangladesh, in 1971.


Malaysia grants WeChat, TikTok licenses to operate under new law

Malaysia grants WeChat, TikTok licenses to operate under new law
Updated 02 January 2025
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Malaysia grants WeChat, TikTok licenses to operate under new law

Malaysia grants WeChat, TikTok licenses to operate under new law
  • Telegram and Meta are pursuing licenses, while X and Google have yet to apply, officials confirm
  • The licensing requirement stems from new legislation targeting the surge in cybercrime

KUALA LUMPUR: Malaysia’s communications regulator said it granted Tencent’s WeChat and ByteDance’s TikTok licenses to operate in the country under a new social media law, but that some other platforms had not applied.
The law, aimed at tackling rising cybercrime, requires social media platforms and messaging services with more than 8 million users in Malaysia to obtain a license or face legal action. It came into effect on Jan. 1.
In a statement on Wednesday, the Malaysian Communications and Multimedia Commission said messaging platform Telegram was in the final stages of obtaining its license, while Meta Platforms, which owns Facebook, Instagram and WhatsApp, had begun the licensing process.
The regulator said X had not submitted an application because the platform said its local user base did not reach the 8 million threshold. The regulator said it was reviewing the validity of X’s claim.
Alphabet’s Google, which operates video platform YouTube, had also not applied for a license after raising concerns about the video sharing features of YouTube and its classification under the licensing law, the regulator said. It did not state the concerns or how they relate to the law but said YouTube must adhere.
“Platform providers found to be in violation of licensing requirements may be subject to investigation and regulatory actions,” the regulator said.
Malaysia reported a sharp increase in harmful social media content in early 2024 and urged social media firms, including Meta and short video platform TikTok, to step up monitoring of their platforms.
Malaysian authorities deem online gambling, scams, child pornography and grooming, cyberbullying and content related to race, religion and royalty as harmful.
The companies do not publish the number of users per country on their platforms.
According to independent data provider World Population Review, WeChat has 12 million users in Malaysia.
Advisory firm Kepios said YouTube had about 24.1 million users in Malaysia in early 2024, TikTok 28.68 million users aged 18 and above, Facebook 22.35 million users, and X had 5.71 million.