Tag: fast
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F1 to have extra test day from 2027, engine tweaks approved
June 23 : Formula One teams will be allowed an extra day of pre-season testing from next year while agreed engine tweaks have now been formally approved, the sport’s governing body said on Tuesday.The current allocation of three days of testing has been increased to four due to the complexity of the cars, the
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EU to ramp up Meta probe into addictive design, Bloomberg News reports
June 23 : The European Commission is set to escalate a probe into Meta Platforms that alleges its social media offerings are designed to be addictive to children, Bloomberg News reported on Tuesday, citing people familiar with the matter.The Instagram parent has been under fire over concerns about the impact
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Nasdaq 100 set to shed over $1 trillion as tech selloff deepens; SpaceX slides
June 23 : The Nasdaq 100 index was on pace to erase more than $1 trillion in market value on Tuesday as technology heavyweights and chip stocks tumbled, while Elon Musk’s SpaceX dropped below $2 trillion in market cap for the first time since its U.S. debut.SpaceX, which is expected to join the Nasdaq 100,…
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ECB secures key parliamentary backing for digital euro
FRANKFURT, June 23 : The European Central Bank secured key parliamentary backing on Tuesday for the launch of a digital euro, an electronic means of payments aimed at making the euro zone less reliant on U.S. credit cards at a time of fraying transatlantic relationships.The digital euro, essentially an electr
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Civil servants to receive 0.45 month mid-year bonus; additional one-time payment for junior grade officers
Junior grade officers will get an additional one-time payment of up to S$400 (US$310).
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Injured Reddy to miss India’s T20I series against England, Ireland
June 23 : Nitish Kumar Reddy has been ruled out of India’s Twenty20 international series against Ireland and England due to injury, the country’s cricket board (BCCI) said on Tuesday.Suryansh Shedge has been named as his replacement, with Reddy’s absence leaving India short of a frontline pace-bowling all-rou
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Stocks hit by Fed rate reality check; oil slips
LONDON, June 23 : Global stocks fell on Tuesday, led by broad-based declines in technology stocks, as investors expect the Federal Reserve to take more aggressive action to tackle inflation, even after a 16 per cent drop in oil prices this month.The STOXX 600 fell 1.2 per cent, under pressure from declines in
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India ‘proactively monitoring’ Telegram over concerns about illegal content, government report shows
NEW DELHI, June 23 : An Indian investigation found that Telegram is being used extensively to share child sexual abuse material and perpetrate financial scams, according to a report by the government, which added it was “proactively monitoring” groups on the messaging app.The 35-page report by the Home Minist
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EU approves €76 million German state aid for cutting edge semiconductor facility
June 23 : The European Commission approved on Tuesday €76 million ($87 million) of German state aid for QuantumDiamonds GmbH, which is planning to set up a cutting-edge semiconductor testing facility in Munich.• The Commission said QuantumDiamonds had agreed to work with small-and-medium-sized enterprises
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Oil extends losses as investors focus on Hormuz flows after peace talks
BENGALURU/LONDON June 23 : Oil prices fell on Tuesday, extending losses from the previous session, on signs of some progress in restoring crude flows through the Strait of Hormuz following U.S.-Iran peace talks.Brent crude futures were down 44 cents, or 0.6 per cent, to $77.46 a barrel and U.S. West Texas Int
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