The objective of the new World Athletics Tour is to ensure that only the best quality competitions are staged under the IAAF brand.
His manager Willi Weber also said the German driver was not going to McLaren.
A round-up of weekend action in the main European leagues.
It was Nadal's third title in a row after Bastad and Stuttgart last month.
Rafael Nadal will bid for a third consecutive title on Sunday when he faces 35-year-old Andre Agassi
The French Open champion beat Gaston Gaudio 6-3, 6-3, 6-4 in the final of the Mercedes Cup
Rafael Nadal racked up his 30th successive match win on clay with a brutal 6-1, 6-2 victory over Hugo Armando
The Indian ace has proposed to establish two Mahesh Bhupathi Tennis Academy (MBTA) centres in Mumbai in September
India's doubles ace is uncertain whether he and Mary Pierce, with whom he won the Wimbledon mixed doubles, will team up at the US Open.
Currently the brand is moving from strength to strength with improved quality ratings in J D Power quality surveys, surpassing even Toyota, awards for several of its models and plants. The way forward for Benz is clear and shining.
atni Computer Systems, a global IT services provider, announced on Tuesday the opening up of its new office in Amsterdam. This will be Patni's fifth office in Europe, after Germany (Stuttgart and Munich), Sweden and the UK.
Figo, 32, opted to take an indefinite break from international football after last year's European championship but reconsidered his decision last month.
Patty Schnyder's hopes of qualifying for the WTA Championship in Madrid were dealt a blow when she was beaten 6-2, 7-5 by Slovak Daniela Hantuchova in the first round of the Zurich Open.
Inter Milan moved eight points clear in Italy after a 1-0 win over strugglers Empoli.
The 23-year-old Jamaican destroyed his rivals in Zurich to equal the record of 9.77 seconds he shares with American Justin Gatlin.
German football chiefs are not ruling out the involvement of players in the country's match-fixing scandal.
Rafael Nadal was upset by Tomas Berdych and Roger Federer survived a scare in the Toronto Masters third round.
Argentine Guillermo Canas crushed Germany's Lars Burgsmuller 6-1, 6-0 to win the Shanghai Open on Sunday.
Professor Niraj Verma, operational head of the first India Chair in Democracy and Civil Society in the US, in conversation with Aziz Haniffa
The 21-year-old Liu also became the first Chinese man to win an Olympic track and field title with a remarkable performance.
The former captain set winning the 2006 World Cup on home soil as his goal after officially taking charge of the national team.
The title race in Europe's top leagues remained tense at the weekend with Inter Milan losing at Napoli and Liverpool keeping the pressure on Manchester United. VfL Wolfsburg and Bayern Munich both lost in Germany and Barcelona were held at Valencia but Olympique Marseille went five points clear.
2004 Champions League finalists Monaco were eliminated 2-1 on aggregate by Swiss side Basel.
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