You might be wondering how the Mazda MX-5 Miata could ever compete with the legendary BMW M3. On paper, it seems like a mismatch. The powerful BMW M3 Competition xDrive Sedan boasts a whopping 523 horsepower and can sprint to 60 mph in just 3.4 seconds, putting it in supercars. On the other hand, the 2024 Mazda MX-5 Miata offers both a classic soft-top convertible and a stylish RF version with a folding roof. The Miata starts at a much lower price, ranging from $28,985 to $37,010, and features a modest 2.0-liter inline-four engine that produces 181 horsepower and 151…
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ISTANBUL (Reuters) – Turkey’s economy will grow 3% this year and next, lower than the government’s recently updated forecasts, a Reuters poll of economists showed on Monday, pointing to a much deeper slowdown as authorities seek to douse rampant inflation. Poll respondents also unanimously agreed the central bank would hold its key interest rate at 50% on Thursday, but eventually ease policy by 250 basis points by year-end. Ankara launched its tightening drive in mid-2023 to reverse a years-long low-rates strategy championed by President Tayyip Erdogan to boost economic growth. The central bank has since raised rates by 4,150 basis…
A man wearing a mask walks past a Nvidia logo in Taipei, Taiwan.Sopa Images | Lightrocket | Getty ImagesAsian chip stocks rose on Tuesday after Nvidia closed at a record high overnight as the chip company continues to ride the massive artificial intelligence wave.Stocks tied to Nvidia suppliers as well as other chip companies advanced as the bullish investor sentiment spilled over. Shares of South Korean chipmaker SK Hynix, which manufacturers high bandwidth memory chips for AI applications, for Nvidia surged 2.8%.Samsung Electronics, which is expected to be manufacturing HBM chips for some Nvidia products, saw its shares rise 0.5%.Shares…
Kimi Antonelli, the young driver set to take over from Lewis Hamilton at Mercedes in 2025, is currently analyzing Hamilton’s data and believes that their driving styles align closely. This discovery could simplify Antonelli’s transition into the F1 team, as he may not need to make drastic adjustments to the setup charts created by Hamilton. This revelation has garnered attention in the F1 community, highlighting the promising potential of the teenage driver and his ability to adapt to the high-performance demands of the team. In a strategic move to enhance its presence in the United States, McLaren has formed a…
The U.S. election looms large for U.S. investors, but geopolitical risks abroad remain a problem. Active investing can help. Source link
Red Bull is gearing up for a significant upgrade to the RB20 ahead of the 2024 Formula 1 United States Grand Prix. This upgrade aims to enhance the car’s mechanical and aerodynamic performance as the team makes one last push to secure both championship titles. Team principal Christian Horner indicated that the upcoming race in Austin presents an opportunity for all teams to roll out important updates, mentioning that competitors like Ferrari, Mercedes, and McLaren will also be introducing new features. This effort is particularly crucial for Red Bull, as they seek to address the challenges faced in recent races.…
JERUSALEM (Reuters) – Israel will listen to the United States but will decide its actions according to its own national interest, Prime Minister Benjamin Netanyahu’s office said in a statement on Tuesday. The statement was attached to a Washington Post article which said Netanyahu had told President Joe Biden’s administration that Israel would strike Iranian military, not nuclear or oil, targets. The statement came amid expectations that Israel will strike in retaliation for Iran’s missile attack on Israel on Oct 1. That attack followed rapidly spiralling conflict between Israel and the Iranian-backed Hezbollah group in Lebanon. Citing two officials familiar…
Helmut Marko has stated that Christian Horner has effectively taken on a role similar to that of Red Bull Racing’s late founder, Dietrich Mateschitz, especially in the wake of the team’s ongoing challenges. As Red Bull continues its strong performance in the 2024 Formula 1 season, carrying over its dominance from a record-setting 2023, the atmosphere within the team has been complex due to an off-track investigation involving Horner. This investigation centered around allegations made by a colleague, which Horner denied, and was ultimately dismissed without any upheld appeals. This situation has led to speculation about a potential power struggle…
Formula 1 is set to make its much-anticipated return to South Africa, a development that is likely to excite many fans, including seven-time world champion Lewis Hamilton. While F1 has not held a race in South Africa since the last South African Grand Prix at Kyalami in 1993, discussions about bringing the sport back have gained momentum. However, the specific venue for the race remains a point of contention, with ongoing debates about whether it should take place in Cape Town or Johannesburg. Hamilton has been a strong advocate for F1’s return to Africa, emphasizing the importance of recognizing the…
By James Pomfret HONG KONG (Reuters) – Hong Kong is expected to announce measures to boost the city’s economy in its annual policy address on Wednesday, including slashing liquor tariffs, as it seeks to revive the financial hub which has been struggling to recover since the pandemic. Hong Kong’s small and open economy has felt the ripple effects of a slowdown in the Chinese economy. The city’s economy expanded by 3.3% in the second quarter from a year earlier, and is forecast to grow 2.5-3.5% for the year. Although tourism numbers have rebounded since COVID, with 46 million visitors expected…