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Straits Times
an hour ago
- Straits Times
Oscar Piastri beats Lando Norris in rain-hit Belgian Grand Prix
– Championship leader Oscar Piastri grabbed an early lead and extended his title advantage on July 28 when he drove to a perfectly-controlled triumph ahead of McLaren teammate and title rival Lando Norris at a rain-delayed Belgian Grand Prix. The 24-year-old Australian managed his tyres expertly to remain out of reach in the closing laps as the Briton, 25, who had started on pole, closed in on a harder-wearing compound, finishing 3.415 seconds clear as McLaren reeled off their sixth one-two in a dominant season. It was Piastri's first win at the classic Spa-Francorchamps circuit, his sixth this season and the eighth of his career, extending his lead in the drivers' championship to 16 points after 13 of this season's 24 races. For McLaren, it was a 10th win of 2025. Charles Leclerc came a solid third for Ferrari ahead of four-time champion Max Verstappen of Red Bull, under the race leadership of new team boss Laurent Mekies for the first time, and Mercedes George Russell. Alex Albon clung on to finish sixth for Williams ahead of chasing seven-time world champion Lewis Hamilton of Ferrari, who started from the pit lane, and Racing Bulls' rookie Liam Lawson. Gabriel Botoleto was ninth for Sauber, ahead of Pierre Gasly of Alpine. 'That was lively!' said the cool Piastri, who swept past Norris on lap one. Top stories Swipe. Select. Stay informed. Singapore Sewage shaft failure linked to sinkhole; PUB calling safety time-out on similar works islandwide Singapore Tanjong Katong Road sinkhole did not happen overnight: Experts Singapore Workers used nylon rope to rescue driver of car that fell into Tanjong Katong Road sinkhole Asia Singapore-only car washes will get business licences revoked, says Johor govt World Food airdropped into Gaza as Israel opens aid routes Sport Arsenal beat Newcastle in five-goal thriller to bring Singapore Festival of Football to a close Singapore Benchmark barrier: Six of her homeschooled kids had to retake the PSLE Asia S'porean trainee doctor in Melbourne arrested for allegedly filming colleagues in toilets since 2021 'Very lively. I knew that lap one was probably my best chance of winning the race. I lifted a little as I went through Eau Rouge and then it was enough. 'The rest of the race we managed really well. Maybe the medium wasn't the best in the last five-six laps, but we had it almost under control! I was disappointed after yesterday, but it turns out that starting second was not too bad.' Norris conceded he could not have won. 'Oscar just did a good job – there's nothing much more to say. He was committed a bit more in Eau Rouge and that was it. Oscar deserved it today.' Leclerc added: 'Max was behind me all race within two seconds, so it's never easy. I knew the first part was the trickiest and I'm pretty happy we managed to keep that third place.' The race began, after an 80-minute delay due to heavy rain, with the entire field on intermediates to run for four laps behind a safety car, clearing standing water. Four drivers started from the pitlane – Carlos Sainz, Fernando Alonso, Kimi Antonelli and Lewis Hamilton – having made changes to their power units or set-up overnight. They began at the rear of the field ahead of the rolling start at the start of lap five. As the lights went green, Norris powered away to lead through La Source, but he was unable to resist when Piastri sneaked out of his slipstream to take the lead going into Les Combes chicane. 'Why do I have no pack?' asked Norris, realising he lacked electric power. 'We used a lot on the safety car restart,' McLaren responded. On lap 12, Hamilton was the first in for medium slick tyres, rejoining 18th, followed by Piastri, Leclerc, Verstappen, Russell and more. Norris stayed out one lap longer for hards, hoping to profit if his rival's rubber degraded in the closing laps. He was the only one. By lap 15, everyone else had switched to mediums and it was Piastri on top ahead of Norris by 9.3 with Leclerc third leading Verstappen, Russell, Albon and in flying form, Hamilton. As Norris closed in, Piastri said his tyres were already degrading. 'I think it will be tough to get to the end,' he told race engineer Tom Stallard, raising the prospect of a dramatic finale. On lap 26, Norris slid wide at Puhon, falling back to nine seconds adrift before remounting his charge. It was a process of marginal gains as Piastri managed his tyres. Norris was close but Piastri's craft and calm prevailed. AFP
Straits Times
an hour ago
- Straits Times
Romanian deputy PM resigns after bribery case resurfaces
BUCHAREST - Romanian deputy prime minister Dragos Anastasiu resigned on Sunday after an old corruption scandal in which he was involved as a witness resurfaced at a time when the one-month-old coalition government is trying to enforce cost-cutting reforms. Anastasiu had been tasked by Prime Minister Ilie Bolojan with overseeing the reform of state-owned companies, part of broader efforts to reduce the largest budget deficit in the European Union and root out waste and inefficiency. Last week, an old corruption case revealed that one of Anastasiu's firms had been blackmailed by a tax authority inspector into paying bribes disguised as consultancy fees for eight years from 2009 or risk lengthy inspections. The company later denounced the inspector, who was convicted in 2023. Anastasiu and his business partner were never charged with a crime. Anastasiu said his company had paid all its taxes and the bribes were "for survival, not profit". "I encourage every entrepreneur to speak out and say under what conditions business has been done in Romania and no longer accept what we did while making mistakes," he told reporters on Sunday. The government, which will hike several taxes from August and is laying off staff and cutting bonuses, has already faced several street protests but has narrowly avoided a ratings downgrade from the lowest rung of investment grade. Top stories Swipe. Select. Stay informed. Singapore Sewage shaft failure linked to sinkhole; PUB calling safety time-out on similar works islandwide Singapore Tanjong Katong Road sinkhole did not happen overnight: Experts Singapore Workers used nylon rope to rescue driver of car that fell into Tanjong Katong Road sinkhole Asia Singapore-only car washes will get business licences revoked, says Johor govt World Food airdropped into Gaza as Israel opens aid routes Sport Arsenal beat Newcastle in five-goal thriller to bring Singapore Festival of Football to a close Singapore Benchmark barrier: Six of her homeschooled kids had to retake the PSLE Asia S'porean trainee doctor in Melbourne arrested for allegedly filming colleagues in toilets since 2021 The European Union and NATO state has been rocked by political instability in the wake of a presidential election, which was cancelled in December and re-run in May, with market turmoil boosting borrowing costs and crashing the leu currency. REUTERS
Straits Times
an hour ago
- Straits Times
US, China to resume tariff talks in effort to extend truce by 90 days
Find out what's new on ST website and app. US Treasury Secretary Scott Bessent and Chinese Vice-Premier He Lifeng will lead tariff talks on July 28, in Stockholm. STOCKHOLM – Senior US and Chinese negotiators will meet in Stockholm on July 28 to tackle longstanding economic disputes at the centre of the countries' trade war, aiming to extend a truce keeping sharply higher tariffs at bay. The South China Morning Post reported on July 27 that the two sides are expected to agree to extend the truce by three more months. China is facing an Aug 12 deadline to reach a durable tariff agreement with President Donald Trump's administration, after Beijing and Washington reached a preliminary deal in June to end weeks of escalating tit-for-tat tariffs. Without an agreement, global supply chains could face renewed turmoil from duties exceeding 100 per cent. The Stockholm talks, led by US Treasury Secretary Scott Bessent and Chinese Vice-Premier He Lifeng, take place a day after European Union chief Ursula von der Leyen meets Mr Trump at his golf course in Scotland to try to clinch a deal that would likely see a 15 per cent baseline tariff on most EU goods. Trade analysts on both sides of the Pacific say the discussions in the Swedish capital are unlikely to produce any breakthroughs but could prevent further escalation and help create conditions for Mr Trump and Chinese President Xi Jinping to meet later in 2025. Previous US-China trade talks in Geneva and London in May and June focused on bringing US and Chinese retaliatory tariffs down from triple-digit levels and restoring the flow of rare earth minerals halted by China and Nvidia H20 AI chips and other goods halted by the United States. Top stories Swipe. Select. Stay informed. Singapore Sewage shaft failure linked to sinkhole; PUB calling safety time-out on similar works islandwide Singapore Tanjong Katong Road sinkhole did not happen overnight: Experts Singapore Workers used nylon rope to rescue driver of car that fell into Tanjong Katong Road sinkhole Asia Singapore-only car washes will get business licences revoked, says Johor govt World Food airdropped into Gaza as Israel opens aid routes Sport Arsenal beat Newcastle in five-goal thriller to bring Singapore Festival of Football to a close Singapore Benchmark barrier: Six of her homeschooled kids had to retake the PSLE Asia S'porean trainee doctor in Melbourne arrested for allegedly filming colleagues in toilets since 2021 So far, the talks have not delved into broader economic issues. These include US complaints that China's state-led, export-driven model is flooding world markets with cheap goods, and Beijing's complaints that US national security export controls on tech goods seek to stunt Chinese growth. 'Stockholm will be the first meaningful round of US-China trade talks,' said Mr Bo Zhengyuan, Shanghai-based partner at China consultancy firm Plenum. Deals, deals, deals Mr Trump has been successful in pressuring some other trading partners, including Japan, Vietnam and the Philippines , into deals accepting higher US tariffs of 15 to 20 per cent. He said there was a 50-50 chance that the US and the 27-member European Union could also reach a framework trade pact, adding that Brussels wanted to 'make a deal very badly'. Two of Mr Trump's top trade officials, Commerce Secretary Howard Lutnick and US Trade Representative Jamieson Greer, will attend the Scotland talks and then travel to Stockholm. Analysts say the US-China negotiations are far more complex and will require more time. China's grip on the global market for rare earth minerals and magnets, used in everything from military hardware to car windshield wiper motors, has proved to be an effective leverage point on US industries. Trump-Xi meeting? In the background of the talks is speculation about a possible meeting between Mr Trump and Mr Xi in late October. Mr Trump has said he will decide soon whether to visit China in a landmark trip to address trade and security tensions. A new flare-up of tariffs and export controls would likely derail any plans for a meeting with Mr Xi. 'The Stockholm meeting is an opportunity to start laying the groundwork for a Trump visit to China,' said Ms Wendy Cutler, vice-president at the Asia Society Policy Institute. Mr Bessent has already said he wants to work out an extension of the Aug 12 deadline to prevent tariffs snapping back to 145 per cent on the US side and 125 per cent on the Chinese side. Still, China will likely request a reduction of multi-layered US tariffs totaling 55 per cent on most goods and further easing of US high-tech export controls, analysts said. Beijing has argued that such purchases would help reduce the US trade deficit with China, which reached US$295.5 billion (S$379 billion) in 2024. China is currently facing a 20 per cent tariff related to the US fentanyl crisis, a 10 per cent reciprocal tariff, and 25 per cent duties on most industrial goods imposed during Mr Trump's first term. Mr Bessent has also said he would discuss with Mr He the need for China to rebalance its economy away from exports toward domestic consumer demand. The shift would require China to put an end to a protracted property crisis and boost social safety nets to encourage household spending. Mr Michael Froman, a former US trade representative during former president Barack Obama's administration, said such a shift has been a goal of US policymakers for two decades. 'Can we effectively use tariffs to get China to fundamentally change their economic strategy? That remains to be seen,' said Mr Froman, now president of the Council on Foreign Relations think-tank. REUTERS
