Dutch champion Max Verstappen of Oracle Red Bull Racing celebrates on the podium after the F1 US Grand Prix at the Circuit of the Americas in Austin, Texas, on Sunday. AFP
Dutch champion Max Verstappen of Oracle Red Bull Racing celebrates on the podium after the F1 US Grand Prix at the Circuit of the Americas in Austin, Texas, on Sunday. AFP
Dutch champion Max Verstappen of Oracle Red Bull Racing celebrates on the podium after the F1 US Grand Prix at the Circuit of the Americas in Austin, Texas, on Sunday. AFP
Dutch champion Max Verstappen of Oracle Red Bull Racing celebrates on the podium after the F1 US Grand Prix at the Circuit of the Americas in Austin, Texas, on Sunday. AFP

Max Verstappen sees off Lewis Hamilton to win thrilling US Grand Prix


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Max Verstappen passed Lewis Hamilton with six laps remaining to win a thrilling US Grand Prix and deny the Mercedes driver his first win of the season.

Verstappen appeared on course to sail to the chequered flag and emulate Michael Schumacher and Sebastian Vettel by taking a record-equalling 13 victories in a single year.

But the two-time world champion hit trouble at the Circuit of Americas with his final pit stop when he was left stationary for 11.1 seconds as Red Bull struggled to bolt on his front-left tyre.

With only 20 laps remaining, Verstappen’s miserable stop allowed Hamilton to take the lead.

Verstappen fell behind Charles Leclerc after his tyre trouble, but fought his way past the Ferrari driver with 15 laps left to set up a blockbuster finish as Hollywood star Brad Pitt watched the drama unfold from the back of Hamilton’s Mercedes garage.

As the lap counter ticked down, Hamilton’s lead began to evaporate and with 10 laps remaining, Verstappen moved to within 2sec of his Mercedes rival.

By lap 50 of 56, the margin stood at only 0.5sec as Hamilton’s silver mirrors suddenly became occupied with Verstappen’s blue machine. Verstappen did not waste any time to make his move.

On the 190mph charge to Turn 12, the newly crowned double world champion darted into Hamilton’s slipstream before jinking to the left and placing his Red Bull on the centre of the apex.

Hamilton tried to come back at the man, who so controversially denied him a record world crown in Abu Dhabi 10 months ago, but Verstappen held his nerve, despite warnings for exceeding track limits, to take the spoils.

Most F1 title wins - in pictures

Leclerc finished third ahead of Sergio Perez as Red Bull secured their first constructors’ title since 2013.

George Russell finished fifth, one place ahead of Lando Norris. Fernando Alonso crossed the line in seventh despite being sent airborne and out of control after he collided with Lance Stroll at 180mph.

Alonso grazed the wall before he was able to limp back to the pits for repairs. Bits of Aston Martin fell off Stroll’s machine and into the coming traffic but the grid escaped without injury.

Verstappen secured his second title in Japan a fortnight ago, but a cloud hung over his championship party in Austin after Red Bull’s breach of the sport’s financial rules.

On Saturday, it was also confirmed that Dietrich Mateschitz, the Austrian billionaire who founded Red Bull in 1984 and secured their entry on the F1 grid 21 years later, had lost his long battle with cancer.

An emotional Verstappen dedicated his career to Mateschitz after news broke of his death on Saturday night.

And moments after the grid stood shoulder-to-shoulder to pay tribute to Mateschitz with a round of applause, the Dutch driver delivered a textbook start to move past pole-sitter Carlos Sainz.

There would be further misery for Sainz when Russell sent him out of the race after he thudded into his Ferrari.

F1 salaries 2022 - in pictures

Verstappen was on cruise control to the flag but recovered from his desperate pit stop to claim the 33rd win of his career.

That moved him ahead of Alonso and into sixth on the all-time list, with only Hamilton (103), Schumacher (91), Sebastian Vettel (53), Alain Prost (51) and Ayrton Senna (41) ahead of him.

“It was a tough race. It was all looking good but the pit stop was longer than we would have liked," Verstappen said.

“I had to give it everything and I pushed to the limit to come back. This win is definitely dedicated to Dietrich and what he has done for everyone.”

Verstappen celebrated his 25th birthday just last month.

He has failed to win only six of the 19 rounds of an utterly one-sided campaign and with three rounds in Mexico, Brazil and Abu Dhabi still remaining, it seems unconceivable he will not become the sole holder of the most wins in a single campaign.

“So close, but yet so far,” said Hamilton on the radio. “Let’s keep pushing.

“We were so so close. I did everything I could to stay ahead but they were a little bit too quick today. I am shattered. The car was a handful.

"It felt amazing to be in the lead. That is something we have been working so hard on, and I held so much hope, but we will hold on to that, keep pushing and try to give it everything in the next three races.

"It will come to us.”

UAE currency: the story behind the money in your pockets
Why are asylum seekers being housed in hotels?

The number of asylum applications in the UK has reached a new record high, driven by those illegally entering the country in small boats crossing the English Channel.

A total of 111,084 people applied for asylum in the UK in the year to June 2025, the highest number for any 12-month period since current records began in 2001.

Asylum seekers and their families can be housed in temporary accommodation while their claim is assessed.

The Home Office provides the accommodation, meaning asylum seekers cannot choose where they live.

When there is not enough housing, the Home Office can move people to hotels or large sites like former military bases.

THE BIO

Born: Mukalla, Yemen, 1979

Education: UAE University, Al Ain

Family: Married with two daughters: Asayel, 7, and Sara, 6

Favourite piece of music: Horse Dance by Naseer Shamma

Favourite book: Science and geology

Favourite place to travel to: Washington DC

Best advice you’ve ever been given: If you have a dream, you have to believe it, then you will see it.

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.”

Ways to control drones

Countries have been coming up with ways to restrict and monitor the use of non-commercial drones to keep them from trespassing on controlled areas such as airports.

"Drones vary in size and some can be as big as a small city car - so imagine the impact of one hitting an airplane. It's a huge risk, especially when commercial airliners are not designed to make or take sudden evasive manoeuvres like drones can" says Saj Ahmed, chief analyst at London-based StrategicAero Research.

New measures have now been taken to monitor drone activity, Geo-fencing technology is one.

It's a method designed to prevent drones from drifting into banned areas. The technology uses GPS location signals to stop its machines flying close to airports and other restricted zones.

The European commission has recently announced a blueprint to make drone use in low-level airspace safe, secure and environmentally friendly. This process is called “U-Space” – it covers altitudes of up to 150 metres. It is also noteworthy that that UK Civil Aviation Authority recommends drones to be flown at no higher than 400ft. “U-Space” technology will be governed by a system similar to air traffic control management, which will be automated using tools like geo-fencing.

The UAE has drawn serious measures to ensure users register their devices under strict new laws. Authorities have urged that users must obtain approval in advance before flying the drones, non registered drone use in Dubai will result in a fine of up to twenty thousand dirhams under a new resolution approved by Sheikh Hamdan bin Mohammed, Crown Prince of Dubai.

Mr Ahmad suggest that "Hefty fines running into hundreds of thousands of dollars need to compensate for the cost of airport disruption and flight diversions to lengthy jail spells, confiscation of travel rights and use of drones for a lengthy period" must be enforced in order to reduce airport intrusion.

The Cockroach

 (Vintage)

Ian McEwan 
 

Key figures in the life of the fort

Sheikh Dhiyab bin Isa (ruled 1761-1793) Built Qasr Al Hosn as a watchtower to guard over the only freshwater well on Abu Dhabi island.

Sheikh Shakhbut bin Dhiyab (ruled 1793-1816) Expanded the tower into a small fort and transferred his ruling place of residence from Liwa Oasis to the fort on the island.

Sheikh Tahnoon bin Shakhbut (ruled 1818-1833) Expanded Qasr Al Hosn further as Abu Dhabi grew from a small village of palm huts to a town of more than 5,000 inhabitants.

Sheikh Khalifa bin Shakhbut (ruled 1833-1845) Repaired and fortified the fort.

Sheikh Saeed bin Tahnoon (ruled 1845-1855) Turned Qasr Al Hosn into a strong two-storied structure.

Sheikh Zayed bin Khalifa (ruled 1855-1909) Expanded Qasr Al Hosn further to reflect the emirate's increasing prominence.

Sheikh Shakhbut bin Sultan (ruled 1928-1966) Renovated and enlarged Qasr Al Hosn, adding a decorative arch and two new villas.

Sheikh Zayed bin Sultan (ruled 1966-2004) Moved the royal residence to Al Manhal palace and kept his diwan at Qasr Al Hosn.

Sources: Jayanti Maitra, www.adach.ae

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

Women’s World T20, Asia Qualifier, in Bangkok

UAE fixtures Mon Nov 20, v China; Tue Nov 21, v Thailand; Thu Nov 23, v Nepal; Fri Nov 24, v Hong Kong; Sun Nov 26, v Malaysia; Mon Nov 27, Final

(The winners will progress to the Global Qualifier)

What the law says

Micro-retirement is not a recognised concept or employment status under Federal Decree Law No. 33 of 2021 on the Regulation of Labour Relations (as amended) (UAE Labour Law). As such, it reflects a voluntary work-life balance practice, rather than a recognised legal employment category, according to Dilini Loku, senior associate for law firm Gateley Middle East.

“Some companies may offer formal sabbatical policies or career break programmes; however, beyond such arrangements, there is no automatic right or statutory entitlement to extended breaks,” she explains.

“Any leave taken beyond statutory entitlements, such as annual leave, is typically regarded as unpaid leave in accordance with Article 33 of the UAE Labour Law. While employees may legally take unpaid leave, such requests are subject to the employer’s discretion and require approval.”

If an employee resigns to pursue micro-retirement, the employment contract is terminated, and the employer is under no legal obligation to rehire the employee in the future unless specific contractual agreements are in place (such as return-to-work arrangements), which are generally uncommon, Ms Loku adds.

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Votes

Total votes: 1.8 million

Ashraf Ghani: 923,592 votes

Abdullah Abdullah: 720,841 votes 

Updated: October 23, 2022, 11:07 PM