![With reports that Formula One race organisers are considering scrapping or relocating several Middle Eastern races this year due to heightened security concerns, the events industry is once again confronting the reality of operating in an unpredictable world (Image source: @ Scuderia Ferrari Club https://sfcriga.com/ Scuderia Ferrari Club]])](https://biz-file.com/c/2603/806699-64x64.jpg?1)
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F1 does U-turn on tobacco ad ban
Formula One's world governing body, the International Automobile Federation (FIA), has decided to scrap plans for a ban on tobacco advertising in 2006. Three of the top four Formula One teams, Ferrari, McLaren and Renault, have tobacco sponsors that pay a significant share of their budgets. The FIA's decision is expected to heighten tensions between them and the European Union, which is introducing a tobacco advertising ban in 2005.
Source: sportbusiness.com



