
Signa Ditches Embattled Founder to Save €23 Billion Empire
Signa Holding GmbH replaced founder Rene Benko with a restructuring expert as a financial crunch threatens the troubled
1970-01-01 08:00

Ukraine gets European Commission backing for talks on Ukraine membership
The EU's executive praises Kyiv's "excellent progress" and EU states will make a decision next month.
1970-01-01 08:00

EU Backs Opening Ukraine Membership Talks With Conditions
The European Union’s executive arm formally recommended opening membership talks with Ukraine and Moldova and proceeding to the
1970-01-01 08:00

F1 boss hints at measures to slow Max Verstappen and Red Bull in 2024
Formula 1’s chief executive has hinted that the organisation may have to consider ways of limiting Max Verstappen and Red Bull’s dominance next season. Verstappen secured a record 17th win of the 2023 campaign at the Brazilian Grand Prix and has long since sewn up a third consecutive world title. The Dutchman has dominated the sport since pipping Lewis Hamilton to the 2021 Drivers’ Championship. While dominance by a single driver or team is far from new, with Hamilton himself securing six titles in seven years between 2014 and 2020, the scale of Verstappen’s superiority has been striking. And while stressing that F1 could not be seen to be targeting the 26-year-old, Stefano Domenicali has hinted that measures may have to be put in place to allow other constructors to mount a more serious challenge. “I think if you look back at the dominance of a driver or a team, it’s always been a part of F1,” Domenicali said to Channel 4. “We need to consider one thing that for sure Max Verstappen has done and is doing an incredible job. We need to recognise that. “But if you see [the gaps in qualifying], it’s just incredible. If you look at the numbers of overtaking we are having the last two seasons, we are at the top of the scale. “We cannot be seen as a sport that is trying to do something against someone, that would be wrong. “On the other hand, the nature of Formula 1 is to make sure that next year the teams can give to the other drivers - that are very, very strong - the possibility to compete in that field.” Verstappen leads the Drivers’ Championship standings by a remarkable 266 points from teammate Sergio Perez. Only Ferrari’s Carlos Sainz at the Singapore Grand Prix has been able to break Red Bull’s monopoly on race wins this year. There are just two more races to come before the conclusion of the campaign, with a first trip to Las Vegas followed by the denouement at Abu Dhabi, where Verstappen secured a controversial first crown two years ago. Hamilton, who fell short on that occasion, raised eyebrows after racing concluded at Interlagos on Sunday when suggesting that Red Bull were so far ahead that other teams would find it too hard to close the gap for the next couple of years. “The Red Bull, I think, is so far away,” the British driver said. “I think they’re probably going to be very clear for the next couple of years. The next truly significant change to the sport is set to come in 2026 when new engine regulations will take effect. It is hoped that this will help level the playing field and attract new engine manufacturers to the sport, with a number already having expressed interest.
1970-01-01 08:00

Sudan conflict: Thousands flee fresh ethnic killings in Darfur
Witnesses accused the paramilitary group Rapid Support Forces (RSF) of targeting and killing non-Arabs.
1970-01-01 08:00

Ohio Issue 2: State votes to legalise recreational cannabis
It becomes the 24th US state to legalise recreational use of the drug, which remains illegal federally.
1970-01-01 08:00

US warns Israel against reoccupying Gaza after war
Secretary of State Antony Blinken says Gaza and the West Bank should be united under the Palestinian Authority.
1970-01-01 08:00

Ping An Sold Country Garden Stake, Has No Plans for Takeover
Ping An Insurance (Group) Co. doesn’t hold any shares in Country Garden Holdings Co. and has no plans
1970-01-01 08:00

Adidas Eyes More Yeezy Sales Next Year With Big Stockpile Left
Adidas AG is pausing sales of Yeezy sneakers for the rest of this year, but Chief Executive Officer
1970-01-01 08:00

London Quant Rivals Trade Accusations Over Star Trader and Strategies
Two rival quant funds traded accusations of poaching, harassment and dishonesty at the start of an acrimonious London
1970-01-01 08:00

Premature ECB Rate Cuts Would Be Costly Mistake, IMF Warns
The European Central Bank would risk a costly mistake by loosening monetary policy too soon after pausing its
1970-01-01 08:00

Starmer Loses Frontbencher Over UK Labour’s Gaza Stance
A Labour member of Parliament quit the UK opposition party’s government-in-waiting over leader Keir Starmer’s position on the
1970-01-01 08:00