Ferrari's Sebastian Vettel leads Mercedes-GP's Lewis Hamilton on his way to victory at the British Grand Prix. Action Images via Reuters
Ferrari's Sebastian Vettel leads Mercedes-GP's Lewis Hamilton on his way to victory at the British Grand Prix. Action Images via Reuters
Ferrari's Sebastian Vettel leads Mercedes-GP's Lewis Hamilton on his way to victory at the British Grand Prix. Action Images via Reuters
Ferrari's Sebastian Vettel leads Mercedes-GP's Lewis Hamilton on his way to victory at the British Grand Prix. Action Images via Reuters

Sebastian Vettel dismisses 'silly' claims by Lewis Hamilton of nefarious Ferrari tactics at British Grand Prix


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British Grand Prix winner Sebastian Vettel dismissed accusations from title rival Lewis Hamilton that his Ferrari teammate Kimi Raikkonen had deliberately driven into the Briton on the opening lap of the race at Silverstone as “silly”.

Hamilton was spun to the back fof the field on the opening lap by Raikkonen when they made contact, and although the four-time world champion recovered to finish second in his Mercedes-GP, he had hinted post-race he believed he had been deliberately targeted by Ferrari.

Standing on the podium alongside Vettel and Raikkonen, who finished third, he said: “Interesting tactics I would say from this side, but we’ll do what we can to fight them.”

But Vettel, who passed Hamilton’s teammate Valtteri Bottas with four laps to go to win for the 51st time in his career, shot down the suggestion there had been any subterfuge over the incident that saw Raikkonen punished by race stewards by having to sit in the pits for an extra 10 seconds at his first pit stop.

“Things can happen,” said the four-time world champion, who now leads Hamilton by eight points in the standings. “It’s quite silly to think that anything that happened was deliberate.

“I, at least, would struggle to be that precise and take somebody out.”

The incident came after Vettel had been involved himself in a similar incident in France last month where he struck Bottas at the first corner.

“In France I lost my wing, so I screwed my race,” he added. “It’s easy to attack and have a great move and easy to have an incident.

“I only saw it briefly but I don’t think there was any intention and I find it a bit unnecessary to even go there.”

Raikkonen also hit out at any notion the clash had been deliberate, but did acknowledge it had been his mistake that caused the contact.

“Funnily enough you start blaming us but I locked up a wheel and unfortunately we touched,” the 2007 world champion said. “That’s how it goes sometimes. It’s easy to say after the last couple of races but we’ve been hit plenty of times in the past.”

Hamilton, aided by a mixture of good overtaking, and his team’s decision not to pit when the safety car made its first of two appearances with 20 laps to go after Marcus Ericsson had crashed his Sauber heavily at Turn 1, recovered to take runner-up spot at his home race.

Hamilton said he felt it was down to he and his teammate Bottas to improve their race starts and qualifying pace to avoid being in close proximity of the Ferraris in the future.

“All I’d say is it’s now two races one of the Ferraris has taken out one of the Mercedes,” the world champion said.

“There’s a lot of points there that Valtteri and I have lost in those two scenarios.

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Read more

Hamilton holds off Ferrari pair to take pole position for British Grand Prix

Max Verstappen wins Austrian GP as Sebastian Vettel retakes F1 championship lead

Hamilton defends Sebastian Vettel after mistakes at French GP cost Valtteri Bottas

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“We’ve just got to try to position ourselves better so we are not exposed to the red cars because who knows whether that’s going to happen again.

“We’ve got to work hard as a team to try to lock out the front row and make sure we’re fully ahead of these guys.”

Bottas, who had led going into the late stages after not pitting when the safety car came out, fell to fourth in the final stages of the race, holding off a late charge from Red Bull Racing’s Daniel Ricciardo.

It was a disappointing day for Red Bull as Ricciardo’s teammate  Max Verstappen, who ran third in the opening laps, as a gearbox problem stopped the Dutchman in the closing stages.

Nico Hulkenberg was sixth for Renault, ahead of Esteban Ocon’s Force India, with Fernando Alonso’s McLaren completing the top eight.

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Will the pound fall to parity with the dollar?

The idea of pound parity now seems less far-fetched as the risk grows that Britain may split away from the European Union without a deal.

Rupert Harrison, a fund manager at BlackRock, sees the risk of it falling to trade level with the dollar on a no-deal Brexit. The view echoes Morgan Stanley’s recent forecast that the currency can plunge toward $1 (Dh3.67) on such an outcome. That isn’t the majority view yet – a Bloomberg survey this month estimated the pound will slide to $1.10 should the UK exit the bloc without an agreement.

New Prime Minister Boris Johnson has repeatedly said that Britain will leave the EU on the October 31 deadline with or without an agreement, fuelling concern the nation is headed for a disorderly departure and fanning pessimism toward the pound. Sterling has fallen more than 7 per cent in the past three months, the worst performance among major developed-market currencies.

“The pound is at a much lower level now but I still think a no-deal exit would lead to significant volatility and we could be testing parity on a really bad outcome,” said Mr Harrison, who manages more than $10 billion in assets at BlackRock. “We will see this game of chicken continue through August and that’s likely negative for sterling,” he said about the deadlocked Brexit talks.

The pound fell 0.8 per cent to $1.2033 on Friday, its weakest closing level since the 1980s, after a report on the second quarter showed the UK economy shrank for the first time in six years. The data means it is likely the Bank of England will cut interest rates, according to Mizuho Bank.

The BOE said in November that the currency could fall even below $1 in an analysis on possible worst-case Brexit scenarios. Options-based calculations showed around a 6.4 per cent chance of pound-dollar parity in the next one year, markedly higher than 0.2 per cent in early March when prospects of a no-deal outcome were seemingly off the table.

Bloomberg

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What is Financial Fair Play?
Introduced in 2011 by Uefa, European football’s governing body, it demands that clubs live within their means. Chiefly, spend within their income and not make substantial losses.

What the rules dictate? 
The second phase of its implementation limits losses to €30 million (Dh136m) over three seasons. Extra expenditure is permitted for investment in sustainable areas (youth academies, stadium development, etc). Money provided by owners is not viewed as income. Revenue from “related parties” to those owners is assessed by Uefa's “financial control body” to be sure it is a fair value, or in line with market prices.

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There are a number of punishments, including fines, a loss of prize money or having to reduce squad size for European competition – as happened to PSG in 2014. There is even the threat of a competition ban, which could in theory lead to PSG’s suspension from the Uefa Champions League.

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UAE tour of Zimbabwe

All matches in Bulawayo
Friday, Sept 26 – UAE won by 36 runs
Sunday, Sept 28 – Second ODI
Tuesday, Sept 30 – Third ODI
Thursday, Oct 2 – Fourth ODI
Sunday, Oct 5 – First T20I
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UAE currency: the story behind the money in your pockets
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Where to donate in the UAE

The Emirates Charity Portal

You can donate to several registered charities through a “donation catalogue”. The use of the donation is quite specific, such as buying a fan for a poor family in Niger for Dh130.

The General Authority of Islamic Affairs & Endowments

The site has an e-donation service accepting debit card, credit card or e-Dirham, an electronic payment tool developed by the Ministry of Finance and First Abu Dhabi Bank.

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Dubai Cares provides several options for individuals and companies to donate, including online, through banks, at retail outlets, via phone and by purchasing Dubai Cares branded merchandise. It is currently running a campaign called Bookings 2030, which allows people to help change the future of six underprivileged children and young people.

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Those who travel on Emirates have undoubtedly seen the little donation envelopes in the seat pockets. But the foundation also accepts donations online and in the form of Skywards Miles. Donated miles are used to sponsor travel for doctors, surgeons, engineers and other professionals volunteering on humanitarian missions around the world.

Emirates Red Crescent

On the Emirates Red Crescent website you can choose between 35 different purposes for your donation, such as providing food for fasters, supporting debtors and contributing to a refugee women fund. It also has a list of bank accounts for each donation type.

Gulf for Good

Gulf for Good raises funds for partner charity projects through challenges, like climbing Kilimanjaro and cycling through Thailand. This year’s projects are in partnership with Street Child Nepal, Larchfield Kids, the Foundation for African Empowerment and SOS Children's Villages. Since 2001, the organisation has raised more than $3.5 million (Dh12.8m) in support of over 50 children’s charities.

Noor Dubai Foundation

Sheikh Mohammed bin Rashid Al Maktoum launched the Noor Dubai Foundation a decade ago with the aim of eliminating all forms of preventable blindness globally. You can donate Dh50 to support mobile eye camps by texting the word “Noor” to 4565 (Etisalat) or 4849 (du).

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Date started: 2012

Founder: Amir Barsoum

Based: Dubai, UAE

Sector: HealthTech / MedTech

Size: 300 employees

Funding: $22.6 million (as of September 2018)

Investors: Technology Development Fund, Silicon Badia, Beco Capital, Vostok New Ventures, Endeavour Catalyst, Crescent Enterprises’ CE-Ventures, Saudi Technology Ventures and IFC