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Lando Norris kept his cool in a rain-hit and incident-packed season-opening Australian Grand Prix on Sunday to edge world champion Max Verstappen with Lewis Hamilton 10th on his Ferrari debut. The pole-sitting Briton took the chequered flag by less than a second from the Dutchman, with Mercedes’ George Russell third after a chaotic race in Melbourne that saw three drivers crash before the end of the first lap. With the safety car repeatedly forced into action after a slew of accidents on the wet Albert Park circuit, Norris held on to clock a fifth grand prix win and second in…

(Bloomberg) — Supply Lines is a daily newsletter that tracks global trade. Sign up here. Most Read from Bloomberg An anxious sense of wait-and-see may emerge from central banks in the coming week, in their first collective assessment of how President Donald Trump’s trade policies are impacting the world economy. While officials from Washington to London and Tokyo have already set borrowing costs once since the US president entered the White House in January, those decisions preceded a marked escalation in his rhetoric and measures against neighbors, allies and competitors alike. With global tariffs now in place on steel and…

As a testament to the importance of the China market, a revamped version of Tesla’s Model Y was launched here in January before the U.S.To keep his business strong, experts say, Musk needs support from the Chinese government. “It’s hard for most people who have not lived inside China to understand the power of regulators,” Dunne said. “You apply for a license in the United States or Europe, eventually you’re going to get a permit or license. In China, it’s a massive negotiation.” As Tesla faces intensifying competition from Chinese EV makers, it rolled out a software update last month…

A recent survey of small businesses raised numerous red flags about the economy, including trends that point toward potential stagflation pressure. That’s as President Donald Trump keeps companies guessing on what he will do next on federal layoffs and tariffs, raising uncertainty about prices, costs, and expansion plans. Small businesses are the backbone of the American economy as they employ the vast majority of workers, and they are flashing warnings on stagflationary pressure. On Tuesday, the NFIB Small Business Optimism Index fell by 2.1 points in February to 100.7 while the reading on uncertainty rose 4 points to 104, the…

Cathie Wood is one of the most vocal bulls on Wall Street when it comes to the potential of the technology sector. She founded ARK Investment Management, which operates several exchange-traded funds (ETFs) focused on investing exclusively in innovative technologies like cryptocurrency, artificial intelligence (AI), robotics, and more. In fact, ARK was one of the first firms to win approval from the Securities and Exchange Commission to launch a Bitcoin (CRYPTO: BTC) ETF last year. Wood and her team are extremely bullish on the world’s largest cryptocurrency, predicting it could soar 1,660% to $1.48 million per coin by the year…

Pakistan slumped to a nine-wicket loss to in the first Twenty20 against New Zealand in Christchurch on Sunday after failing to defend a meagre score of 91. The tourists began the five-match series in disastrous fashion, reduced to 11-4 at the end of the fifth over after towering paceman Kyle Jamieson ran amok with the new ball. They were eventually dismissed for their lowest score in a T20 on New Zealand soil and the home side had few problems in responding with 92-1 off just 10.1 overs. Jamieson claimed three of the first four wickets to finish with 3-8 off…

Inflation and high interest rates aren’t going away. Don’t let your checking account rob you of a decent return on liquid assets. By William Baldwin, Senior Contributor Forget bank CD rates for a moment. If you want more interest, look at something under your nose: the bank account you use to collect a paycheck and pay bills. Chances are you are earning something in the neighborhood of zilch on your liquid assets. You can fix this. You can get 4%. Below are four remedies to pick from, one of them, interestingly, coming from a bank that participates in the usual…

Trump’s tariffs threats and actions have ignited a trade war that many economists say threatens to undermine global economic stability. On Thursday, Trump said he would impose a 200% duty on wine and champagne imported from the E.U. in response to the region’s targeting of U.S. whiskey imports — itself a reaction to the president’s 25% steel and aluminum duties coming online. Meanwhile, the prospect of stagflation — meaning accelerating price increases alongside lackluster growth — has increased. Underlying data in two inflation reports this week suggest that the Federal Reserve’s preferred measure of inflation will show that price growth remained elevated in February,…

Elon Musk has reincorporated both Tesla and SpaceX outside Delaware.Samuel Corum/Getty Images Delaware has long been a corporate haven due to its business-friendly laws. Elon Musk’s decision to reincorporate both Tesla and SpaceX outside Delaware has made waves. State lawmakers are trying to maintain Delaware as a top destination for business incorporation. For generations, Delaware has been a top destination for business incorporation, giving the First State an outsized level of influence relative to its small population of just over one million people. However, the state is now working fervently to preserve its business-friendly reputation after Elon Musk moved the…

PYLOS: A gender row involving two female boxers at the Paris 2024 Olympics was the result of a Russian fake news campaign and had little to do with reality, International Olympic Committee (IOC) president Thomas Bach said on Saturday. Bach, who is stepping down in June after 12 years in charge of the biggest job in world sports, said the IOC had needed to fight off many similar campaigns before and after the Paris Games. The boxing competition at the Paris Games was run by the IOC after it stripped the International Boxing Association (IBA) of recognition last year over…