Belgian rider Jasper Philipsen celebrates after winning Stage 3 of the Tour de France on July 3, 2023. AFP
Belgian rider Jasper Philipsen celebrates after winning Stage 3 of the Tour de France on July 3, 2023. AFP
Belgian rider Jasper Philipsen celebrates after winning Stage 3 of the Tour de France on July 3, 2023. AFP
Belgian rider Jasper Philipsen celebrates after winning Stage 3 of the Tour de France on July 3, 2023. AFP

Jasper Philipsen sprints to victory at Tour de France as Adam Yates retains yellow jersey


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Belgian sprinter Jasper Philipsen outpaced and outmuscled the other fast men to take the high-speed bunch finish at the end of Stage 3 of the Tour de France on Monday.

Philipsen – led out expertly by his Alpecin-Deceuninck teammate Mathieu van der Poel – held off German Phil Bauhaus, with Australian Caleb Ewan third as the race crossed into France after two days in the Spanish Basque Country.

Adam Yates, of UAE Team Emirates, retains the overall lead as all the chief contenders finished together after a 182km run from northern Spain to Bayonne.

The British rider leads teammate Tadej Pogacar and his brother Simon by six seconds.

During a hectic finish on Monday, Wout Van Aert – who finished second Stage 2 – attempted to pass Philipsen on the inside of the final bend but ran out of room because of the barriers and was forced to slow up.

The race commissaries reviewed video footage of the incident before confirming Philipsen's victory. It was his third career win on the Tour and his seventh victory of the season.

“It's not easy to stay on Mathieu's wheel,” said Philipsen, who has now won the last three bunch sprints on the Tour after Carcassonne and the Champs Elysees last year.

“Everything went according to plan, he's the perfect lead-out rider. When he goes it's hard to go past him. We've been working hard and I'm really happy it has worked as early in the Tour as today.

Philipsen said about his arduous wait for the jury to make their decision: “It was a bit in doubt, but it did make it really exciting in the end.

“It was tense, but it's the Tour de France and there are no presents to nobody, so I think everybody goes all in and I think I can be really happy with our team performance today.”

Van der Poel, who has not shown great form in the first two stages, was up to the task on Monday.

“It was a quiet stage, until the last 40 kilometres when it got dangerous,” the Dutchman said. “I think it was a perfect lead-out from the team and I had to bring him to the 300m line."

There was some concern that the Tour could be affected following a wave of rioting in France, triggered by the fatal shooting of a teenager by police last week, but no incidents were reported along the road or at the finish.

Another bunch sprint is expected on Tuesday's Stage 4 at the end of a flat route that sees the race travel 181.8km from Dax to Nogaro.

Quick pearls of wisdom

Focus on gratitude: And do so deeply, he says. “Think of one to three things a day that you’re grateful for. It needs to be specific, too, don’t just say ‘air.’ Really think about it. If you’re grateful for, say, what your parents have done for you, that will motivate you to do more for the world.”

Know how to fight: Shetty married his wife, Radhi, three years ago (he met her in a meditation class before he went off and became a monk). He says they’ve had to learn to respect each other’s “fighting styles” – he’s a talk it-out-immediately person, while she needs space to think. “When you’re having an argument, remember, it’s not you against each other. It’s both of you against the problem. When you win, they lose. If you’re on a team you have to win together.” 

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ETFs explained

Exhchange traded funds are bought and sold like shares, but operate as index-tracking funds, passively following their chosen indices, such as the S&P 500, FTSE 100 and the FTSE All World, plus a vast range of smaller exchanges and commodities, such as gold, silver, copper sugar, coffee and oil.

ETFs have zero upfront fees and annual charges as low as 0.07 per cent a year, which means you get to keep more of your returns, as actively managed funds can charge as much as 1.5 per cent a year.

There are thousands to choose from, with the five biggest providers BlackRock’s iShares range, Vanguard, State Street Global Advisors SPDR ETFs, Deutsche Bank AWM X-trackers and Invesco PowerShares.

Breast cancer in men: the facts

1) Breast cancer is men is rare but can develop rapidly. It usually occurs in those over the ages of 60, but can occasionally affect younger men.

2) Symptoms can include a lump, discharge, swollen glands or a rash. 

3) People with a history of cancer in the family can be more susceptible. 

4) Treatments include surgery and chemotherapy but early diagnosis is the key. 

5) Anyone concerned is urged to contact their doctor

 

Jeff Buckley: From Hallelujah To The Last Goodbye
By Dave Lory with Jim Irvin

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The biog

Title: General Practitioner with a speciality in cardiology

Previous jobs: Worked in well-known hospitals Jaslok and Breach Candy in Mumbai, India

Education: Medical degree from the Government Medical College in Nagpur

How it all began: opened his first clinic in Ajman in 1993

Family: a 90-year-old mother, wife and two daughters

Remembers a time when medicines from India were purchased per kilo

Ten tax points to be aware of in 2026

1. Domestic VAT refund amendments: request your refund within five years

If a business does not apply for the refund on time, they lose their credit.

2. E-invoicing in the UAE

Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption. 

3. More tax audits

Tax authorities are increasingly using data already available across multiple filings to identify audit risks. 

4. More beneficial VAT and excise tax penalty regime

Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.

5. Greater emphasis on statutory audit

There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.

6. Further transfer pricing enforcement

Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes. 

7. Limited time periods for audits

Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion. 

8. Pillar 2 implementation 

Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.

9. Reduced compliance obligations for imported goods and services

Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations. 

10. Substance and CbC reporting focus

Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity. 

Contributed by Thomas Vanhee and Hend Rashwan, Aurifer

German intelligence warnings
  • 2002: "Hezbollah supporters feared becoming a target of security services because of the effects of [9/11] ... discussions on Hezbollah policy moved from mosques into smaller circles in private homes." Supporters in Germany: 800
  • 2013: "Financial and logistical support from Germany for Hezbollah in Lebanon supports the armed struggle against Israel ... Hezbollah supporters in Germany hold back from actions that would gain publicity." Supporters in Germany: 950
  • 2023: "It must be reckoned with that Hezbollah will continue to plan terrorist actions outside the Middle East against Israel or Israeli interests." Supporters in Germany: 1,250 

Source: Federal Office for the Protection of the Constitution

Updated: July 03, 2023, 7:58 PM