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.…
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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…
Positioning in financial stocks is light relative to other sectors, Morgan Stanley says.It sees the group as underappreciated, citing its exposure to economic strength.Investors have been sticking to defensive and quality stocks despite strong data. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy. You can opt-out at any time by visiting our Preferences page or by clicking “unsubscribe” at the bottom of the email. Investors are lingering in defensive trades that don’t take advantage of…
Nassim Taleb.Mohd Zakir/Getty Images”The Black Swan” author Nassim Taleb says he’s focused on hedging against a market collapse.He said the market is flashing parallels to prior crashes, noting that it is the most fragile in 20 years.He pointed to risks like high debt levels and “crazy” stock prices in an interview with Bloomberg.A top economist and risk expert says the US is in one of the most precarious investing environments in decades — and while some investors are cheering on the rally in stocks, he has his eye on a potential market collapse.Nassim Taleb, author of “The Black Swan,” the…
Charles Leclerc has expressed optimism regarding Ferrari’s prospects for the Formula 1 title in 2025, viewing it as a “realistic” goal. The United States Grand Prix is seen as a critical benchmark for the team’s performance as they strive to assess their progress during the 2024 season. Despite an inconsistent season, Leclerc’s recent performances, including four podium finishes and a victory in Monza, suggest that Ferrari is starting to turn things around. However, their competitiveness remains uncertain following a disappointing result in Singapore. The upcoming race in Austin will be pivotal for Ferrari, as they plan to introduce their final…
The relationship between James Bond and Aston Martin has flourished over the past 60 years, transcending the iconic British automaker’s various vehicle offerings. While Bond has driven a range of cars, including a Toyota 2000GT and a BMW 750iL, the connection with Aston Martin remains significant. To celebrate this enduring partnership, Aston Martin is introducing a special-edition DB12 called the Goldfinger Edition. This limited model commemorates the long-standing collaboration between the luxury car brand and the James Bond franchise. The DB12 Goldfinger Edition is a product of Q, Aston Martin’s bespoke service, and will be produced in a limited run…
TAIPEI (Reuters) – Taiwan’s defence ministry on Tuesday detailed the surge in Chinese warplane activity around the island during war games the previous day, saying it had detected a record 153 Chinese military aircraft. China held a single day of what it called “Joint Sword-2024B” drills on Monday as a warning to “separatist acts”, following last week’s national day speech by Taiwan President Lai Ching-te that Beijing denounced. In its daily update on Chinese military activity around the island in the previous 24 hours, Taiwan’s defence ministry said it spotted 153 Chinese military aircraft, updating a figure given on Monday…