• Mercedes driver George Russell on track during second practice ahead of the F1 Grand Prix of Miami at the Miami International Autodrome on May 06, 2022 in Miami, Florida. AFP
    Mercedes driver George Russell on track during second practice ahead of the F1 Grand Prix of Miami at the Miami International Autodrome on May 06, 2022 in Miami, Florida. AFP
  • Mercedes' British driver George Russell steers during the second practice session of the Miami Formula One Grand Prix at the Miami International Autodrome in Miami Gardens, Florida, on May 6, 2022. (Photo by CHANDAN KHANNA / AFP)
    Mercedes' British driver George Russell steers during the second practice session of the Miami Formula One Grand Prix at the Miami International Autodrome in Miami Gardens, Florida, on May 6, 2022. (Photo by CHANDAN KHANNA / AFP)
  • George Russell on track during practice ahead of the F1 Grand Prix of Miami. AFP
    George Russell on track during practice ahead of the F1 Grand Prix of Miami. AFP
  • Lewis Hamilton, George Russell and AlphaTauri's Pierre Gasly in action during practice. Reuters
    Lewis Hamilton, George Russell and AlphaTauri's Pierre Gasly in action during practice. Reuters
  • Red Bull driver Max Verstappen on track during practice ahead of the F1 Grand Prix of Miami. AFP
    Red Bull driver Max Verstappen on track during practice ahead of the F1 Grand Prix of Miami. AFP
  • Max Verstappen on track during practice ahead of the F1 Grand Prix of Miami. Getty
    Max Verstappen on track during practice ahead of the F1 Grand Prix of Miami. Getty
  • Ferrari driver Charles Leclerc on track during practice ahead of the F1 Grand Prix of Miami. AFP
    Ferrari driver Charles Leclerc on track during practice ahead of the F1 Grand Prix of Miami. AFP
  • Charles Leclerc on track during practice ahead of the F1 Grand Prix of Miami. Getty
    Charles Leclerc on track during practice ahead of the F1 Grand Prix of Miami. Getty
  • Charles Leclerc on track during practice ahead of the F1 Grand Prix of Miami. Getty
    Charles Leclerc on track during practice ahead of the F1 Grand Prix of Miami. Getty
  • Lewis Hamilton on track during practice ahead of the F1 Grand Prix of Miami. Getty
    Lewis Hamilton on track during practice ahead of the F1 Grand Prix of Miami. Getty
  • Lewis Hamilton on track during practice ahead of the F1 Grand Prix of Miami. Getty
    Lewis Hamilton on track during practice ahead of the F1 Grand Prix of Miami. Getty
  • Red Bull driver Sergio Perez on track during practice ahead of the F1 Grand Prix of Miami. Getty
    Red Bull driver Sergio Perez on track during practice ahead of the F1 Grand Prix of Miami. Getty

George Russell tops Miami Grand Prix second practice as Max Verstappen struggles


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George Russell put his revived Mercedes team back on top of the Formula One timesheets with the fastest lap in second practice for the inaugural Miami Grand Prix on Friday.

In a boost for the champions who have wrestled with a 'porpoising', or bouncing, car in the first four races, the Briton was 0.106 of a second faster than Ferrari's overall leader Charles Leclerc.

Russell's impressive time of one minute 29.938 seconds made Mercedes look more competitive than they have so far this campaign.

"We always knew that the warm conditions here in Miami would suit our car better – we’ve suffered with getting temperature in the tyres at previous races so that’s a big factor here," said Russell.

"The car is running well but it’s only Friday, we’re not getting carried away. It’s probably been the most productive Friday we’ve had this season in terms of learning," he added.

Leclerc had been 0.071 quicker than the Briton in the opening session with a lap of 1:31.098.

Red Bull's world champion Max Verstappen, who was third in first practice, failed to set a time in the second session after his car suffered a hydraulics problem and the brakes overheated.

"He's had a horrible day," said team boss Christian Horner. "It's frustrating not to have that track time."

Verstappen's teammate Sergio Perez was third fastest in practice two but was unimpressed with the Miami track.

"I am really disappointed there is no grip off-line. It’s a shame because I think the racing will be bad due to that. As soon as you try to go off-line, there is no grip," the Mexican said.

Leclerc and Verstappen have each won twice this season, with the Ferrari man 27 points clear of the Dutch 24-year-old whose efforts have been undermined by mechanical problems and retirements.

Mercedes have brought new parts in the hope of unlocking performance and first impressions were of clear improvement, with the car in a low-drag setup and looking faster without bouncing.

Russell's seven-time world champion team mate Lewis Hamilton was eighth and fourth fastest respectively in the two sessions.

"We still have the bouncing so we haven’t cured it but bit by bit, we’re improving the car," said Hamilton. "The race is going to be tough, particularly with the tyres overheating and it’s very hot for the drivers, I’ve already lost a couple of kilos today," he said.

The humid first session around the Miami Dolphins' Hard Rock Stadium was halted with 24 minutes to go when Alfa Romeo's Valtteri Bottas spun backwards into the tyre barrier at turn seven, damaging his car's rear wing. Action resumed after a 10-minute break but Bottas did not go out in the second practice.

Haas driver Mick Schumacher and McLaren's Daniel Ricciardo were summoned to the stewards after an earlier incident that saw the German narrowly avoid smashing into the rear of the Australian's car. The stewards decided to take no further action.

Alpine's Esteban Ocon was reprimanded for a pit lane near-miss with Russell after the Frenchman's team made an unsafe release.

Leclerc, bouncing back from a disappointing weekend at Ferrari's home Imola circuit two weeks ago, spun early on while team mate Carlos Sainz, sixth fastest, suffered a puncture after the red flag period. The Spaniard then crashed in the second session.

Williams' Alex Albon, seventh fastest, was fined €800 ($844) for speeding in the pit lane.

The second session was also briefly halted when Williams Nicholas Latifi stopped on track.

UK’s AI plan
  • AI ambassadors such as MIT economist Simon Johnson, Monzo cofounder Tom Blomfield and Google DeepMind’s Raia Hadsell
  • £10bn AI growth zone in South Wales to create 5,000 jobs
  • £100m of government support for startups building AI hardware products
  • £250m to train new AI models
COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3EName%3A%20%3C%2Fstrong%3EKinetic%207%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202018%3Cbr%3E%3Cstrong%3EFounder%3A%3C%2Fstrong%3E%20Rick%20Parish%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Abu%20Dhabi%2C%20UAE%3Cbr%3E%3Cstrong%3EIndustry%3A%3C%2Fstrong%3E%20Clean%20cooking%3Cbr%3E%3Cstrong%3EFunding%3A%3C%2Fstrong%3E%20%2410%20million%3Cbr%3E%3Cstrong%3EInvestors%3A%3C%2Fstrong%3E%20Self-funded%3C%2Fp%3E%0A
The specs

Engine: 4.0-litre V8 twin-turbocharged and three electric motors

Power: Combined output 920hp

Torque: 730Nm at 4,000-7,000rpm

Transmission: 8-speed dual-clutch automatic

Fuel consumption: 11.2L/100km

On sale: Now, deliveries expected later in 2025

Price: expected to start at Dh1,432,000

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

T20 SQUADS

Australia: Aaron Finch (c), Mitchell Marsh, Alex Carey, Ashton Agar, Nathan Coulter-Nile, Chris Lynn, Nathan Lyon, Glenn Maxwell, Ben McDermott, D’Arcy Short, Billy Stanlake, Mitchell Starc, Andrew Tye, Adam Zampa.

Pakistan: Sarfraz Ahmed (c), Fakhar Zaman, Mohammad Hafeez, Sahibzada Farhan, Babar Azam, Shoaib Malik, Asif Ali, Hussain Talat, Shadab Khan, Shaheen Shah Afridi, Usman Khan Shinwari, Hassan Ali, Imad Wasim, Waqas Maqsood, Faheem Ashraf.

The years Ramadan fell in May

1987

1954

1921

1888

Four tips to secure IoT networks

Mohammed Abukhater, vice president at FireEye in the Middle East, said:

- Keep device software up-to-date. Most come with basic operating system, so users should ensure that they always have the latest version

- Besides a strong password, use two-step authentication. There should be a second log-in step like adding a code sent to your mobile number

- Usually smart devices come with many unnecessary features. Users should lock those features that are not required or used frequently

- Always create a different guest network for visitors

The%20specs
%3Cp%3E%3Cstrong%3EEngine%3A%20%3C%2Fstrong%3E2.0-litre%204-cyl%20turbo%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E190hp%20at%205%2C600rpm%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E320Nm%20at%201%2C500-4%2C000rpm%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3E7-speed%20dual-clutch%20auto%3Cbr%3E%3Cstrong%3EFuel%20consumption%3A%20%3C%2Fstrong%3E10.9L%2F100km%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3EFrom%20Dh119%2C900%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3ENow%3C%2Fp%3E%0A
The%20Beekeeper
%3Cp%3E%3Cstrong%3EDirector%3A%20%3C%2Fstrong%3EDavid%20Ayer%C2%A0%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarring%3A%20%3C%2Fstrong%3EJason%20Statham%2C%20Josh%20Hutcherson%2C%20Emmy%20Raver-Lampman%2C%20Minnie%20Driver%2C%20Jeremy%20Irons%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%20%3C%2Fstrong%3E3%2F5%3C%2Fp%3E%0A
PROFILE

Name: Enhance Fitness 

Year started: 2018 

Based: UAE 

Employees: 200 

Amount raised: $3m 

Investors: Global Ventures and angel investors 

England World Cup squad

Eoin Morgan (capt), Moeen Ali, Jofra Archer, Jonny Bairstow, Jos Buttler (wkt), Tom Curran, Liam Dawson, Liam Plunkett, Adil Rashid, Joe Root, Jason Roy, Ben Stokes, James Vince, Chris Woakes, Mark Wood

The bio

Job: Coder, website designer and chief executive, Trinet solutions

School: Year 8 pupil at Elite English School in Abu Hail, Deira

Role Models: Mark Zuckerberg and Elon Musk

Dream City: San Francisco

Hometown: Dubai

City of birth: Thiruvilla, Kerala

Company%20Profile
%3Cp%3E%3Cstrong%3EName%3A%3C%2Fstrong%3E%20HyveGeo%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202023%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Abdulaziz%20bin%20Redha%2C%20Dr%20Samsurin%20Welch%2C%20Eva%20Morales%20and%20Dr%20Harjit%20Singh%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3ECambridge%20and%20Dubai%3Cbr%3E%3Cstrong%3ENumber%20of%20employees%3A%3C%2Fstrong%3E%208%3Cbr%3E%3Cstrong%3EIndustry%3A%20%3C%2Fstrong%3ESustainability%20%26amp%3B%20Environment%3Cbr%3E%3Cstrong%3EFunding%3A%20%3C%2Fstrong%3E%24200%2C000%20plus%20undisclosed%20grant%3Cbr%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3EVenture%20capital%20and%20government%3C%2Fp%3E%0A
The specs

Engine: 3.0-litre six-cylinder MHEV

Power: 360bhp

Torque: 500Nm

Transmission: eight-speed automatic

Price: from Dh282,870

On sale: now

Updated: May 07, 2022, 6:45 AM