
Citi Executive Backs Pause Clauses for Emerging-Market Debt
A senior banker at Citigroup Inc. said lenders need to accept so-called pause clauses to let struggling sovereign
1970-01-01 08:00

George Russell sends stark warning to F1 bosses: ‘There will be crashes’
George Russell has warned about the realities of F1 banning tyre blankets for the 2024 season, insisting “there will be crashes”. Tyre blankets allow teams to heat their tyres to 70C for two hours before a grand prix session, with the result of more grip for the drivers coming out of the pits or at the start of the race. But to improve sustainability, tyre supplier Pirelli have been developing tyres that do not need pre-warming. Drivers have been testing dry-tyre versions, while the Monaco Grand Prix last month ran with blanket-free wet tyres. Yet Russell, who took part in a tyre test in Barcelona a few weeks ago, believes there are concerns about the prospective rule change for next year. “If I’m being totally honest, I don’t think we as a sport are at a position yet to bring these tyres into a racing scenario,” Russell said. "I would be very concerned for all the mechanics in the pit lane during a pitstop, I’d be very concerned for the out lap from a race in cold conditions. There will be crashes, I have no doubt about it. "And I think there’s a lot of work, expense, development going into these tyres. I feel like that could be put elsewhere." However, Pirelli insist its blanket-free slick tyres are raceable and the focus should instead switch on drivers changing their driving style to navigate their way around the circuit. Ferrari’s Charles Leclerc, who also participated in the test, said his testing of the tyres went well but echoed Russell’s worries. “In lower temperatures, I don’t know,” he said. “I haven’t tested these tyres in lower temperatures and that’s where the big question mark is. "So, very difficult to answer whether I will be happy to go. I would like to maybe test those tyres in different conditions and then see whether they are raceable in all conditions.” A decision on next year will be made after a final test, following the British Grand Prix in July, with Red Bull, Haas and Williams taking part. A vote amongst all 10 teams will then take place. Read More Audi name first driver to join F1 team ahead of 2026 season entry Are Red Bull now the most successful F1 team ever – and how long can this dominance last? Sergio Perez ‘under threat’ at Red Bull with young star tipped to replace him
1970-01-01 08:00

Don’t Expect the Trump Trial Over Classified Doccuments to Happen in August
The Justice Department is on a tight timetable to work out conditions for using classified information in the
1970-01-01 08:00

Dollars Are So Scarce in Argentina That Yuan Use Is at a Record
It’s gotten so hard to find US dollars in Argentina that Whirlpool Corp., the American appliance giant, is
1970-01-01 08:00

Big VC, Tech Got Backstop for Billions in Uninsured SVB Deposits
When federal regulators stepped in to backstop all of Silicon Valley Bank’s deposits, they saved thousands of small
1970-01-01 08:00

Germany’s €11 Billion Defense Orders to Get Lawmaker Approval
German lawmakers will sign off early next month on government plans to buy 60 Boeing Co. Chinook helicopters
1970-01-01 08:00

Russian diplomat squats near Australia parliament in embassy lease row
Australia has withdrawn the lease on the site for a new embassy near the parliament for fear of spying.
1970-01-01 08:00

Thai cave rescue: Official hailed as hero of cave rescue dies
Narongsak Osottanakorn, a veteran bureaucrat, was beloved for his role in overseeing the rescue mission.
1970-01-01 08:00

Egypt’s Devaluation Timeline Sets Back Clock for More Rate Hikes
Egypt looked past a pick-up in inflation to keep interest rates unchanged for a second month, with the
1970-01-01 08:00

Macron Says France to Channel More IMF Resources to Poor States
France will boost the volume of International Monetary Fund resources it channels back to the institution for lending
1970-01-01 08:00

Turkey Demands Sweden Expel Kurd Suspects Before NATO Entry
Turkey wants Sweden to begin extraditing or expelling suspected Kurdish separatists before next month’s summit of the North
1970-01-01 08:00

Hundreds of migrants rescued off Canary Islands
At least 227 migrants were saved on Thursday, Spain's officials say, a day after a deadly shipwreck.
1970-01-01 08:00