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Straits Times
5 hours ago
- Straits Times
Red Bull reprimanded after Max Verstappen throws a face towel on the track
Sign up now: Get ST's newsletters delivered to your inbox BUDAPEST - Formula One stewards reprimanded Red Bull on Aug 1 for a bizarre incident involving Max Verstappen throwing a face towel out of his car and onto the track during Hungarian Grand Prix practice. The four-times world champion was summoned after the second session at the Hungaroring as stewards reviewed the video evidence. 'Shortly after Car 1 was released from its garage, the driver of Car 1 (Verstappen) was observed to have thrown a towel out of the cockpit,' they said in a statement. 'The driver explained that while in the garage, the face towel had slipped from his lap to the side of the seat and the team was unaware that it remained in the cockpit. 'When the driver realised it was there, he moved to the far right of the track and attempted to throw it as far away from the car and the track as possible.' The towel landed on the asphalt, however, and remained there to the end of the session. The stewards accepted that the towel was more dangerous in than out, with the potential to become lodged in the footwell and interfere with Verstappen's ability to control the car fully. Top stories Swipe. Select. Stay informed. Tech Reporting suspected advanced cyber attacks will provide a defence framework: Shanmugam Business Singapore's US tariff rate stays at 10%, but the Republic is not out of the woods yet Asia Asia-Pacific economies welcome new US tariff rates, but concerns over extent of full impact remain Business ST explains: How Trump tariffs could affect Singapore SMEs, jobs and markets Asia Indonesia's Mount Lewotobi Laki-laki erupts Singapore Thundery showers expected on most days in first half of August Singapore Synapxe chief executive, MND deputy secretary to become new perm secs on Sept 1 Singapore 5 women face capital charges after they were allegedly found with nearly 27kg of cocaine in S'pore They also ruled that Red Bull had therefore released the car in an unsafe condition, although less serious than leaving a hard object in the cockpit. REUTERS
CNA
18 hours ago
- CNA
BOJ warns US tariffs could hit firms' profits, delay capex plans
TOKYO :Profits of Japanese firms are likely to fall this year because of U.S. tariffs, leading them to downgrade capital expenditure plans, the central bank said on Friday, signalling caution over an expected hit to the export-dependent economy. Automakers have swallowed the rising costs from the tariffs instead of passing them on to U.S. consumers, as seen in a fall of roughly 20 per cent in export prices since April, the Bank of Japan said in a full version of its quarterly outlook report. "This suggests Japanese automakers are averting price hikes that may lead to falling sales volume, at the cost of seeing profitability worsen," the BOJ added. The hit to Japanese exports from U.S. tariffs will become clearer once global trade volume, now inflated by companies front-loading shipments to avert higher U.S. levies, turns down, the bank said. "Due to such direct and indirect effect of higher U.S. tariffs, Japanese companies face an increasing chance of profit declines in the current fiscal year," it added. There was a need to scrutinise how falling profits could affect firms' willingness to keep hiking pay, it said. The BOJ said U.S. tariffs have yet to cause any major change in Japanese companies' plans for capital expenditure. But past shocks of such scale have caused firms, many of which set spending at the start of Japan's fiscal year in April, to downgrade plans toward the latter half of the year, it said. "Uncertainty surrounding trade policy could affect capital expenditure plans with a lag," it said. In a summary of the outlook released on Thursday, the BOJ projected the economy to expand 0.6 per cent in the current fiscal year, before growing 0.7 per cent in 2026 and 1.0 per cent in 2027. U.S. President Donald Trump struck a trade deal with Japan last month that lowers tariffs on auto imports and spares Tokyo from punishing new levies on other goods. Japan's auto sector, which accounts for more than a quarter of its U.S. exports, would see tariffs cut to 15 per cent from 25 per cent now, at an unspecified date. Duties set to take effect on other Japanese goods from August 1 were also cut to 15 per cent from 25 per cent.
CNA
18 hours ago
- CNA
Sinkhole-hit Tanjong Katong Road South to progressively reopen from Aug 2
SINGAPORE: The affected sections of Tanjong Katong Road South will reopen in stages from Saturday (Aug 2), the Land Transport Authority and PUB said in a joint statement on Friday, a week after the formation of a sinkhole forced its closure. Tanjong Katong Road South, from East Coast Parkway (ECP) to Mountbatten Road, will open to traffic on Saturday noon while the opposite direction from Mountbatten Road to ECP will open on Monday morning from 5am, the agencies added. "The Land Transport Authority and PUB have completed repair works and safety assessment of the affected road sections along Tanjong Katong Road South, as well as the surrounding roads," the statement read. "These checks, conducted in consultation with the Building and Construction Authority (BCA), have confirmed that the roads are safe for use." The site where the sinkhole opened up along Tanjong Katong Road South is adjacent to an active PUB worksite involving the construction of a 16m-deep shaft to connect three existing sewer lines. A concrete component in the shaft "failed" at around 5.50pm last Saturday, according to the national water agency. Around the same time, a sinkhole formed on the adjacent road, causing a car to fall in. LTA and PUB said that government agencies have, over the past week, worked to stabilise the ground by backfilling the sinkhole with liquefied stabilised soil. This is a mixture of soil, water and cement which is commonly used to fill up voids underground. "Following this, a series of rigorous tests were conducted to assess the ground condition and confirm that it was safe for reopening," they added. "These include probing to check for voids and weak ground, ground penetrating radar surveys to detect subsurface abnormalities and seismic surveys to map the density and stability of underground layers. "Based on these scans, no anomalies or cavities were detected within the area." Bus services 36 and 48, which were temporarily diverted, will also resume their original routing in the east-bound direction towards Changi Airport and Bedok on Saturday noon. As for the west-bound direction towards the city via ECP, they will serve all the affected bus stops along Tanjong Katong Road South, Mountbatten, Amber and Marine Parade roads on Monday, from the start of service. "Motorists may continue to see ongoing works in the area, including repairs to underground utilities or laying of new utilities in replacement of damaged utilities after the roads have reopened," said LTA and PUB.
