Central banks around the world were last accumulating gold reserves at a breakneck pace 55 years ago, when the US dollar was still backed by gold. According to the World Gold Council…
Tag: fastest
FP2: George Russell fastest in Mexico as Charles Leclerc suffers big crash
George Russell dominated FP2 in Mexico City as he made up for lost time missing FP1, while Charles Leclerc’s session ended early after crashing at Turn 8. The rear of Leclerc’s Ferrari…
FP1: Carlos Sainz narrowly fastest in tight Mexico City opener
Carlos Sainz topped FP1 for the Mexican Grand Prix, but the top six drivers were covered by just 0.192 seconds as the teams looked very close. Charles Leclerc followed just behind his…
Europe sees fastest pace of rate hikes since launch of euro
FRANKFURT, Germany (AP) — The European Central Bank has launched another outsized interest rate hike aimed at stifling runaway inflation, raising rates at the fastest pace in euro history and underscoring the…
Canada’s Most Splendid Real Estate Bubbles, October Update: Prices Plunge at the Fastest Rate Ever
As Bank of Canada rates rise and QT mortgage rates rise, some practically amusing price spikes unwind very quickly. By Wolf Richter for WOLF STREET. The Canadian housing market is trying to…
FP2: Charles Leclerc fastest as Pirelli tests 2023 tires in extended session
Charles Leclerc was fastest in FP2 at Austin as 2023 Pirelli tires captured the spotlight for Friday’s session. The Ferrari driver was quickest ahead of Alfa Romeo’s Valtteri Bottas and McLaren’s Daniel…