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Fed’s Goolsbee Says Soft Landing Possible, But Risks Remain
Fed’s Goolsbee Says Soft Landing Possible, But Risks Remain
Federal Reserve Bank of Chicago President Austan Goolsbee said it’s possible for the US to avoid a recession
1970-01-01 08:00
Winners & losers from Arsenal 2-2 Tottenham in the north London derby
Winners & losers from Arsenal 2-2 Tottenham in the north London derby
The key takeaways and analysis from Arsenal 2-2 Tottenham in the north London derby.
1970-01-01 08:00
The rise of Oscar Piastri: A genuine rival for Lando Norris at last
The rise of Oscar Piastri: A genuine rival for Lando Norris at last
Much like most of the scenarios thrown up on his journey to the top echelons of motorsport, Oscar Piastri takes everything consummately in his stride. Strikingly level-headed and rational – notwithstanding an unflappable self-belief in his ability behind the wheel – a week which started with the 22-year-old signing a new contract with McLaren until the end of 2026 ended with his first podium in Formula 1 at Suzuka. It was quite a few days for the rookie Australian, whose meteoric rise through the ranks shows no signs of subsiding. What’s more, it was a weekend that fully justified Piastri’s bold a year ago, when the soap opera of his first forays into Formula 1 dominated the paddock. It was a storyline of dreams for Netflix’s Drive to Survive producers when Piastri, a test driver at Alpine, rebuked the Enstone-based team who’d announced his 2023 drive as a replacement for Fernando Alonso. We would later learn that the 2021 F2 champion had already penned a deal to join McLaren, with Zak Brown and the papaya targeting fresh blood following Daniel Ricciardo’s season of underachievement. It was a line of attack which carried much risk. Alpine beat McLaren to fourth in the constructors’ championship last year and many onlookers saw the switch as unwise from a competitive viewpoint. More pointedly, though, the impact it would have on Piastri’s moral standing in the sport was something emphasised by then Alpine boss Otmar Szafnauer. The Renault-works outfit had invested millions of pounds into Piastri’s development, with countless test opportunities and financial backing through the junior series. But Piastri, managed by nine-time race winner and fellow Australian Mark Webber, was undeterred. He was set to be overlooked by Alpine for 2023 before Alonso’s surprise switch to Aston Martin and, feeling undervalued, he went on the search for other options fully aware he could ill-afford another season on the sidelines after not racing in 2022. A loan to Williams was on the table but McLaren, an eight-time constructors’ champion and giant of the sport despite their recent struggles, was his preference. The start was not smooth, though. McLaren acknowledged at the start of the year that they had not met their off-season development targets and the mood at the car launch at their impressive Woking HQ in February was decidedly pessimistic. Piastri’s F1 debut, in Bahrain, ended in retirement. But those early shortcomings were no fault of Piastri, despite a year on the sidelines. It is one of the more questionable rules of Formula 2 that the winner then cannot race in the series the next year, often leaving the champion in the wilderness. Brazilian racer Felipe Drugovich, last year’s champion, has acted as a reserve this year for Aston Martin and is struggling to find an F1 seat next year, though Williams has recently been mooted. This year’s F2 leader, Theo Pouchaire, is a test driver with Alfa Romeo but now looks set for a year without racing in 2024. It would make sense, it seems, to offer an exception should the champion not land a seat at the top table. Nonetheless, after scoring his first points following his home race at Albert Park, Piastri had to wait until Austria in July for a raft of game-changing upgrades which handed him and Lando Norris a shot at regular top-10 finishes. He has since scored in five of the last seven races, as well as a second-place finish in the sprint race in Belgium. Enough for McLaren to swiftly extend his deal. “It’s always nice to have a sense of security,” said Piastri. “It made sense from my point of view and from a team point of view. That longevity and continuation together – [it’s] nice confidence for us all.” It continues the Melbourne local’s meteoric ascent. He landed a junior role at Alpine, formerly Renault, by winning the Formula Renault Eurocup in 2019. A year later, he won Formula 3 before his F2 victory in 2021. A decision at 15 years of age to relocate to the UK for his racing was reaping the rewards. Now, after a first podium following a front-row start at Suzuka, Piastri has emerged as genuine competition for Norris – long labelled the team’s No 1. “I think it exceeded most people’s expectations from what he’s been able to achieve already this season,” Norris said on Thursday, after Piastri penned his extension. “He’s pushed me a lot – it’s not a nice thing, it’s not what I want – but he’s done a very good job so congrats to him for [continuing for] another few years.” As the Brit hinted, the intra-team jousting is not something he has been used to in recent years. Crucially at this point, the pair get on well – both young, affable and with bundles of potential. But Piastri has emerged as a genuine rival to Norris at McLaren. The Brit’s regular links to the second seat at Red Bull, despite a contract at McLaren until the end of 2025, are likely to have accelerated Brown’s willingness to pin down Piastri. But should Norris stay, it is undoubtedly a driver pairing capable of race victories in the future, should they be given the tools to do so. In contrast to the start of 2023, it is now a time of much optimism for McLaren. The team signed ex-Red Bull chief Rob Marshall as their technical director in May. David Sanchez will join the engineering department in the new year from Ferrari. Andrea Stella, who replaced Andreas Seidl as team principal last year, works well in tandem with Brown. At this rate, they’re likely to haul in Aston Martin for fourth in the constructors’ championship too, with Alpine long left behind in sixth. “What!! So we are doing this for another 3 years???” comically tweeted Piastri’s mum, Nicole, after the new contract was announced last week. That looks set to be a minimum. Should Piastri’s progress continue at the current trajectory, the Australian will be in Formula 1 for a while longer yet. Read More Lando Norris claims McLaren on ‘an upward trend’ after double podium ‘Shocker of a race’: Christian Horner pulls apart Sergio Perez’s display in Japan Lewis Hamilton frustrated by Mercedes strategy in Japanese Grand Prix ‘Shocker of a race’: Christian Horner pulls apart Sergio Perez’s display in Japan Christian Horner reveals Max Verstappen ambition ahead of Japan victory F1 Japanese Grand Prix LIVE: Race updates and results at Suzuka
1970-01-01 08:00
Short Sellers Mount Attack on ESG Stocks Bloated From Green Hype
Short Sellers Mount Attack on ESG Stocks Bloated From Green Hype
Hedge fund managers are piling into short positions in ESG stocks as they hunt for bogus green claims
1970-01-01 08:00
Australian lethal mushroom mystery survivor leaves hospital
Australian lethal mushroom mystery survivor leaves hospital
Erin Patterson cooked a meal using mushrooms which killed three relatives, but one has survived.
1970-01-01 08:00
German Firm’s Russia Contract Should Be Cut ASAP, Official Says
German Firm’s Russia Contract Should Be Cut ASAP, Official Says
A top official in Germany’s economy ministry said a nationalized firm — formerly part of Gazprom PJSC —
1970-01-01 08:00
Thailand: Man charged with beating his three children to death
Thailand: Man charged with beating his three children to death
Police suspect the man also killed two more of his children from a previous marriage.
1970-01-01 08:00
Lando Norris claims McLaren on ‘an upward trend’ with strong driver pairing
Lando Norris claims McLaren on ‘an upward trend’ with strong driver pairing
Lando Norris believes McLaren’s strong driver pairing can be a big advantage as the team celebrated an “important milestone” with a double podium at the Japanese Grand Prix. British driver Norris finished second for a second consecutive race, albeit well behind dominant race-winner Max Verstappen, while team-mate Oscar Piastri secured his first podium in his debut Formula One season. After a tough start to the year, McLaren have impressed since their first big upgrade began at July’s Austrian Grand Prix. Norris finished fourth at Spielberg before picking up back-to-back second-places at Silverstone and in Hungary. Piastri, 22, has exceeded expectations this season, with a number of strong displays earning the Australian an extended contract earlier this week – none more so than at Suzuka given he had never even been to Japan before. Norris feels their combined strength is a major plus for McLaren as they chase down Aston Martin in the constructors’ championship. “I think our advantage at the minute comparing to almost every team, bar a couple, is we have two drivers who are up there fighting for these positions and fighting for these points,” Norris said after the race at Suzuka. “And not every team has that at the minute. So I think that’s helping us. We can help one another, we can use one another, and I think that’s a good advantage we have over a lot of other teams at the minute. “So we’re on an upward trend. We’re making good progress and days like today prove exactly that. “The progress we’ve made this season has been pretty incredible from my eyes, and from where we were to finishing 19 seconds behind the lead is, I think, evidence of exactly that. “So I’m proud of everyone and we’ll keep pushing.” Team principal Andrea Stella described the result at Suzuka as “an important milestone in our journey at McLaren”, while Piastri celebrated a significant day. “You never forget your first podium, regardless of whether it’s been a strong performance or not,” he said. “So yeah, it will be a special day and I won’t forget it and also ticking the first podium off the list is always a nice achievement to have.” There are six races remaining in the 2023 season, including three sprint weekends, with a trip to Qatar next on the agenda in two weeks’ time. McLaren have closed to 49 points of Aston Martin in the standings and CEO Zak Brown is confident they have a well-rounded car to be strong for the rest of the campaign. “The team is just doing such a fantastic job, executing week in, week out,” Brown told Sky Sports F1. “We are trying to catch Red Bull. All we can do is chip a tenth at a time but Max was pretty dominant. I think we will be strong at the next race, so will keep pushing. “I feel as confident as I can we will be pretty strong everywhere, but we know there will be some tracks that favour your car more than others and we are good in the high speed, which Qatar is, so we will be strong there and not be weak anywhere.” Read More Charity boss speaks out over ‘traumatic’ encounter with royal aide Ukraine war’s heaviest fight rages in east - follow live Max Verstappen pips Oscar Piastri to pole after tense qualifying for Japanese GP Lando Norris narrows gap on Max Verstappen at final practice in Japan Max Verstappen returns to form in Japanese Grand Prix practice
1970-01-01 08:00
‘Shocker of a race’: Christian Horner pulls apart Sergio Perez’s display in Japan
‘Shocker of a race’: Christian Horner pulls apart Sergio Perez’s display in Japan
Red Bull boss Christian Horner admitted that Sergio Perez had a “shocker of a race” as the Mexican’s inconsistent form continued in Japan. On the weekend where Red Bull secured the 2023 constructors’ title courtesy of Max Verstappen’s 11thwin in 12 races, Perez had a Sunday to forget having qualified fifth on the grid. The Mexican suffered wing damage on the first lap after being sandwiched between Carlos Sainz and Lewis Hamilton, before colliding with Kevin Magnussen later in the race as he looked to climb the leaderboard. Perez was given two five-second penalties: one for the incident with Haas driver Magnussen and another after overtaking Fernando Alonso under yellow flag conditions. “It was a shocker of a race for him today,” Horner told Sky F1. “It got off to a bad start where he sort of got concertinaed on the rundown to turn 1, he picked up some front wing damage, then we needed to change the front wing. “He overtook Fernando on the way into the pit lane, then picked up a penalty and then came out and of course, then he dive-bombed one of the Haas’ and so it was just one of those weekends.” However, having originally retired on lap 15, Perez befuddlingly re-entered the race 26 laps later in order to serve his time penalty, meaning it won’t carry over to a grid drop for the next race in Qatar. “The only good thing was were able to serve the penalty here,” Horner added. “So he leaves it here in Japan.” Verstappen can now secure his third world title in the sprint race in Qatar, with Perez trailing his team-mate by 177 points in the world championship. Perez’s lead to Lewis Hamilton in third has also been cut to 33 points. Perez has a contract with Red Bull until the end of the 2024 season, but his inconsistent form this season has prompted the likes of Lando Norris, Daniel Ricciardo and even Liam Lawson to be linked with the second Red Bull seat next year. Read More Christian Horner reveals Max Verstappen ambition ahead of Japan victory Max Verstappen on verge of title as Red Bull clinch constructors’ crown in Japan Lewis Hamilton frustrated by Mercedes strategy in Japanese Grand Prix
1970-01-01 08:00
What happens in a US government shutdown?
What happens in a US government shutdown?
The US is days away from a shutdown. Here's a summary of why it's happening and what to expect.
1970-01-01 08:00
Mikel Arteta points to one thing Arsenal were missing against Tottenham
Mikel Arteta points to one thing Arsenal were missing against Tottenham
Mikel Arteta revealed his disappointment at Arsenal's lack of composure in the 2-2 north London derby draw with rivals Tottenham. Cristian Romero's own goal and Bukayo Saka's penalty were cancelled out by a brace from Son Heung-min.
1970-01-01 08:00
Jurgen Klopp explains lack of minutes for summer signing
Jurgen Klopp explains lack of minutes for summer signing
Jurgen Klopp speaks about Wataru Endo and the summer signing's lack of minutes in a Liverpool shirt so far.
1970-01-01 08:00
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