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Monaco Grand Prix canceled amid pandemic

(CNN)The Monaco Grand Prix has become the latest Formula One race to be canceled as the sport continues to be affected by the novel coronavirus outbreak. The lucrative event was scheduled for May 24 and is one of the sports' showcase events with drivers racing through the principality's historic streets. Formula One and motorsport's governing body, FIA, had initially postponed the race but the Automobile Club de Monaco (ACM) later clarified the event would not go ahead for the first time since 1954."The current situation concerning the worldwide pandemic and its unknown path of evolution," read the ACM statement. "The lack of understanding as to the impact on the FIA F1 World Championship 2020, the uncertainty with regards to the participa ...