• Ecuador's Richard Carapaz wearing the overall leader's yellow jersey on the podium after Stage 3 of the Tour de France between Piacenza and Turin on Monday, July 1, 2024. AP
    Ecuador's Richard Carapaz wearing the overall leader's yellow jersey on the podium after Stage 3 of the Tour de France between Piacenza and Turin on Monday, July 1, 2024. AP
  • Intermarche-Wanty's Biniam Girmay celebrates on the podium after winning Stage 3. Reuters
    Intermarche-Wanty's Biniam Girmay celebrates on the podium after winning Stage 3. Reuters
  • Ecuador's Richard Carapaz kisses the yellow jersey. AP
    Ecuador's Richard Carapaz kisses the yellow jersey. AP
  • EF Education-EasyPost's Richard Carapaz celebrates on the podium after capturing the yellow jersey from UAE Team Emirates' Tadej Pogacar. Reuters
    EF Education-EasyPost's Richard Carapaz celebrates on the podium after capturing the yellow jersey from UAE Team Emirates' Tadej Pogacar. Reuters
  • Stage winner Eritrea's Biniam Girmay celebrates. AP
    Stage winner Eritrea's Biniam Girmay celebrates. AP
  • Biniam Girmay celebrates winning Stage 3. AP
    Biniam Girmay celebrates winning Stage 3. AP
  • Eritrea's Biniam Girmay celebrates winning Stage 3 ahead of Belgium's Arnaud de Lie, left, and Colombia's Fernado Gavira, centre right. AP
    Eritrea's Biniam Girmay celebrates winning Stage 3 ahead of Belgium's Arnaud de Lie, left, and Colombia's Fernado Gavira, centre right. AP
  • UAE Team Emirates' Tadej Pogacar rides in the peloton during Stage 3. Reuters
    UAE Team Emirates' Tadej Pogacar rides in the peloton during Stage 3. Reuters
  • TotalEnergies team's French rider Fabien Grellier makes a breakaway. AFP
    TotalEnergies team's French rider Fabien Grellier makes a breakaway. AFP
  • TotalEnergies' Fabien Grellier is reeled in by the peloton during Stage 3. Reuters
    TotalEnergies' Fabien Grellier is reeled in by the peloton during Stage 3. Reuters
  • The peloton in action during Stage 3. Reuters
    The peloton in action during Stage 3. Reuters
  • The peloton on the Barbaresco ascent during Stage 3. AFP
    The peloton on the Barbaresco ascent during Stage 3. AFP
  • UAE Team Emirates' Tadej Pogacar, in the overall leader's yellow jersey, sets off in the peloton during Stage 3 of the Tour de France. AP
    UAE Team Emirates' Tadej Pogacar, in the overall leader's yellow jersey, sets off in the peloton during Stage 3 of the Tour de France. AP

Tour de France: Eritrean Girmay wins Stage 3 as Carapaz takes race lead from Pogacar


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Eritrean Binian Girmay sprinted to victory in Stage 3 of the Tour de France on Monday as Richard Carapaz took the overall race lead from Tadej Pogacar in Turin.

Girmay became the first black African rider to win a stage of the Tour.

Ecuador's Carapaz took the yellow jersey from overnight leader Pogacar of UAE Team Emirates. The pair are level on time. Remco Evenepoel and Jonas Vingegaard are third and fourth.

Intermarche rider Girmay, 24, who gave the Belgian team its first success on the Tour, is the third African to win on the Grande Boucle after South Africans Daryl Impey and Rob Hunter.

Multiple tour winner Chris Froome was born in Kenya but competed for Britain.

Girmay won ahead of the Colombian Fernando Gaviria and Belgian Arnaud De Lie in a chaotic finale marked by a late fall as the riders hit speeds of around 65kph in the dash to the line.

The crash, in which the big favourite for the sprint Jasper Philipsen was involved, created a break in the peloton.

Two-time race winner Pogacar, gunning for a historic Giro-Tour double, did not fall but was delayed.

After two sweltering stages, the skies were shrouded grey entering the northern Italian industrial city.

Girmay is more than just a sprinter, and was aided in his victory by the absence of stage favourite Philipsen.

He signalled his coming of age in 2022 when he became the first African to win a one-day classic at Gent-Wevelgem, aged 21.

It was his second Grand Tour stage win after the Giro d'Italia in 2022.

An emotional Girmay said after his victory: "Ever since I started cycling, I’ve always been dreaming to be part of the Tour de France – but now, I can’t believe it, to win the Tour de France in my second year in a big bunch sprint, for me it is unbelievable.

"I just want to thank my family, my wife, all the Eritreans, and Africans, we must be proud, now we are really part of the big races, now it’s our moment, our time. I just want to say congrats to all my whole team, because we didn’t have a victory yet [in the Tour de France]. But now is our moment, I’m super-happy. This win is for all Africans, congrats, I’m just super happy today.”

Carapaz said after taking the yellow jersey from Pogacar: "Yes, it's a surprise for us. We thought it would be difficult, but today I felt good and think it was worth the risk. I had to play for it and had to try to go for it. The team has done incredible work until the end. I'm really happy."

Pogacar, of course, might take the jersey back tomorrow, when the Tour climbs the Galibier en route to Valloire. "Tomorrow will be a big day," said Carapaz. "It will be complicated. I'm going to try and give everything. I'm going to try and enjoy every single moment in the yellow jersey."

How will Gen Alpha invest?

Mark Chahwan, co-founder and chief executive of robo-advisory firm Sarwa, forecasts that Generation Alpha (born between 2010 and 2024) will start investing in their teenage years and therefore benefit from compound interest.

“Technology and education should be the main drivers to make this happen, whether it’s investing in a few clicks or their schools/parents stepping up their personal finance education skills,” he adds.

Mr Chahwan says younger generations have a higher capacity to take on risk, but for some their appetite can be more cautious because they are investing for the first time. “Schools still do not teach personal finance and stock market investing, so a lot of the learning journey can feel daunting and intimidating,” he says.

He advises millennials to not always start with an aggressive portfolio even if they can afford to take risks. “We always advise to work your way up to your risk capacity, that way you experience volatility and get used to it. Given the higher risk capacity for the younger generations, stocks are a favourite,” says Mr Chahwan.

Highlighting the role technology has played in encouraging millennials and Gen Z to invest, he says: “They were often excluded, but with lower account minimums ... a customer with $1,000 [Dh3,672] in their account has their money working for them just as hard as the portfolio of a high get-worth individual.”

Who's who in Yemen conflict

Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government

Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council

Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south

Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory

The biog

Favourite book: Animal Farm by George Orwell

Favourite music: Classical

Hobbies: Reading and writing

 

The specs

Engine: 2.0-litre 4-cyl, 48V hybrid

Transmission: eight-speed automatic

Power: 325bhp

Torque: 450Nm

Price: Dh359,000

On sale: now 

The specs

Engine: 2.0-litre 4cyl turbo

Power: 261hp at 5,500rpm

Torque: 405Nm at 1,750-3,500rpm

Transmission: 9-speed auto

Fuel consumption: 6.9L/100km

On sale: Now

Price: From Dh117,059

U19 WORLD CUP, WEST INDIES

UAE group fixtures (all in St Kitts)

  • Saturday 15 January: UAE beat Canada by 49 runs 
  • Thursday 20 January: v England 
  • Saturday 22 January: v Bangladesh 

UAE squad:

Alishan Sharafu (captain), Shival Bawa, Jash Giyanani, Sailles
Jaishankar, Nilansh Keswani, Aayan Khan, Punya Mehra, Ali Naseer, Ronak Panoly,
Dhruv Parashar, Vinayak Raghavan, Soorya Sathish, Aryansh Sharma, Adithya
Shetty, Kai Smith  

Updated: July 01, 2024, 5:26 PM