KUALA LUMPUR: The Mercedes Formula One team said today it will renew its title and technical partnership with Malaysian oil company Petronas from 2026. Mercedes have won the constructors title eight times since partnering with Petronas in 2010, though drivers Lewis Hamilton and George Russell are yet to win a […]
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JERUSALEM : A free trade agreement between Israel and South Korea will go into effect on Dec. 1, Israel’s Economy Ministry said on Wednesday, in a move expected to lower the prices of Korean-made cars, toys, video game consoles and soy sauce. The agreement was ratified by Korea’s parliament on […]
ONTARIO: Canada will impose new sanctions over Russia’s “sham” referendums in four occupied regions of Ukraine, Prime Minister Justin Trudeau said. Trudeau said Canada would never recognise the results of the referendums or Russia’s attempted illegal annexation of Ukrainian territories. “We intend to impose new sanctions against persons and entities […]
HONG KONG : Swiss private bank Union Bancaire Privée (UBP) is back in Chinese markets, its chief investment officer said, making its way back to the world’s second-largest economy after withdrawing last year. UBP has more than $150 billion of assets. It returned to China in August after having exited […]
SEOUL : South Korean authorities are exploring ways to divert some the domestic pension fund’s foreign currency needs as they try to put a floor under a rapidly weakening won. The country’s central bank is reviewing a currency swap with the National Pension Service to sate the fund’s dollar needs, […]
SYDNEY: Australia is aiming for a stable relationship with China despite differences in particular on trade, Australia’s foreign minister said, as she called on China to use its influence as a great power to help end the war in Ukraine. Australia’s ties with its largest trading partner are at a […]
BOLOGNA: Bologna have appointed former Barcelona midfielder Thiago Motta as their head coach to replace the sacked Sinisa Mihajlovic, the Serie A team’s CEO Claudio Fenucci said on Saturday. Former Genoa boss Motta was most recently in charge of Spezia and will officially take charge of Bologna next week following […]
LONDON: Charles III was formally proclaimed king at a historic, pomp-filled ceremony at St James’s Palace in central London on Saturday. Here is the new king’s declaration to the Accession Council, a centuries-old body of senior British royals, and political and religious leaders: “My Lords, Ladies, and Gentlemen. It is […]
Global equity funds remained out of favour in the seven days to Sept. 7 as a strong U.S. services industry report fuelled concerns that the Federal Reserve would keep hiking interest rates to tame inflation. Some investors had expected that the Fed might temper its rate hikes to avert a […]
MUNICH, Germany : Bayern Munich winger Kingsley Coman will miss Saturday’s Bundesliga game against visiting VfB Stuttgart after picking up an injury in training, coach Julian Nagelsmann said on Friday. Bayern, who beat Inter 2-0 in their Champions League group opener on Wednesday, will look to bounce back after two […]