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PIF, Saudi Arabia’s $700-Billion sovereign wealth fund, will hold a 75% stake in the new JV, with Pirelli holding the remaining 25% and providing the technical and commercial support for the development of the project, the two groups said.

Reports back in January claimed that the PIF was targeting to buy Formula 1 from commercial rights holders Liberty Media and planning to pay up to $20-Billion.

Tensions between Manila and Beijing remain high after the Philippines coast guard cut China's barriers in disputed waters last month.

Manila resupplies its outpost in the Second Thomas Shoal, in the Spratly Islands, every month to reinforce its economic rights to waters that are both rich in fish and mineral resources.

Beijing claims almost the entire South China Sea, including the Spratlys, which is also claimed in part by the Philippines.

WASHINGTON, Oct 5 (Reuters) - U.S. job growth surged in September, suggesting that the labor market remains strong enough for the Federal Reserve to raise interest rates this year, though wage growth is moderating.

Nonfarm payrolls increased by 336,000 jobs last month, the Labor Department said in its closely watched employment report on Friday. Data for August was revised higher to show 227,000 jobs added instead of the previously reported 187,000.

Economists polled by Reuters had forecast payrolls rising by 170,000 jobs. Estimates ranged from 90,000-256,000 jobs. The larger-than-expected increase was despite the tendency for the initial September payrolls print to be biased lower because of seasonal adjustment issues related to the return of education workers after the summer break.

The economy needs to create roughly 100,000 per month to keep up with growth in the working-age population.

No injuries have been reported.

Drivers can expect the highway to be closed for several hours.The ramp from Hwy. 9 eastbound to the highway is also closed, OPP said.

Celery isn't the only produce to take stalk on Ontario's highways. This past July, thousands of apples spilled onto Hwy. 401 in west Toronto after a tractor struck a meridian in a westbound express lane just past Keele Street.

Australia's national science agency CSIRO and the University of Western Australia have used Age of Empires to simulate ant warfare, to figure out how to help native ant species fight their invasive counterparts.

"Ants are one of the few groups of animal species in which warfare resembles human warfare, in terms of scale and mortality," researcher Samuel Lymbery said.

Using the game, the research team built armies and battlegrounds of different sizes and shapes and watched them fight, then mapped the results.