Spanish rider Alberto Contador crashed out of the Tour de France, but on Thursday he announced he will compete in next month's Vuelta a Espana (Tour of Spain). Contador quit the Tour de France, which he had been bidding to win for a third time, after suffering a fractured shinbone on the tough 10th stage. AFP PHOTO
Spanish rider Alberto Contador crashed out of the Tour de France, but on Thursday he announced he will compete in next month's Vuelta a Espana (Tour of Spain). Contador quit the Tour de France, which Show more

Fit-again Alberto Contador will race in Vuelta a Espana



Alberto Contador will ride the Vuelta a Espana after all, having recovered from the injury which ended his Tour de France challenge.

Last month, Contador had ruled himself out of his home Grand Tour as he suffered frustration in his bid to recover from a broken shin bone.

But on Thursday morning, the two-time Tour and two-time Vuelta winner posted a video on Twitter announcing he would ride.

“I’ve been riding the bicycle for the last 10 days and yesterday was the first day I could climb a mountain pass without knee pain”, the 31-year-old said in a subsequent release from the Tinkoff-Saxo team.

“That excites me, motivates me and has led me to make the decision to run the Tour of Spain. I know it’s a Tour of Spain I’ll have to do in a very different way than I had thought earlier in the season, or as I planned the Tour de France, but I think it can be very good considering the end of season and to start next year with guarantees.”

Contador’s return further boosts what looks like being an exciting field for the Vuelta, with Team Sky’s Chris Froome targeting the race following his own Tour injuries, while Giro d’Italia winner Nairo Quintana (Movistar) also plans to take part along with the likes of Andrew Talansky (Garmin-Sharp) and Joaquim Rodriguez (Katusha).

The Vuelta starts with a time trial in Jerez de la Frontera on August 23.

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From Europe to the Middle East, economic success brings wealth - and lifestyle diseases

A rise in obesity figures and the need for more public spending is a familiar trend in the developing world as western lifestyles are adopted.

One in five deaths around the world is now caused by bad diet, with obesity the fastest growing global risk. A high body mass index is also the top cause of metabolic diseases relating to death and disability in Kuwait, Qatar and Oman – and second on the list in Bahrain.

In Britain, heart disease, lung cancer and Alzheimer’s remain among the leading causes of death, and people there are spending more time suffering from health problems.

The UK is expected to spend $421.4 billion on healthcare by 2040, up from $239.3 billion in 2014.

And development assistance for health is talking about the financial aid given to governments to support social, environmental development of developing countries.

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How to play the stock market recovery in 2021?

If you are looking to build your long-term wealth in 2021 and beyond, the stock market is still the best place to do it as equities powered on despite the pandemic.

Investing in individual stocks is not for everyone and most private investors should stick to mutual funds and ETFs, but there are some thrilling opportunities for those who understand the risks.

Peter Garnry, head of equity strategy at Saxo Bank, says the 20 best-performing US and European stocks have delivered an average return year-to-date of 148 per cent, measured in local currency terms.

Online marketplace Etsy was the best performer with a return of 330.6 per cent, followed by communications software company Sinch (315.4 per cent), online supermarket HelloFresh (232.8 per cent) and fuel cells specialist NEL (191.7 per cent).

Mr Garnry says digital companies benefited from the lockdown, while green energy firms flew as efforts to combat climate change were ramped up, helped in part by the European Union’s green deal. 

Electric car company Tesla would be on the list if it had been part of the S&P 500 Index, but it only joined on December 21. “Tesla has become one of the most valuable companies in the world this year as demand for electric vehicles has grown dramatically,” Mr Garnry says.

By contrast, the 20 worst-performing European stocks fell 54 per cent on average, with European banks hit by the economic fallout from the pandemic, while cruise liners and airline stocks suffered due to travel restrictions.

As demand for energy fell, the oil and gas industry had a tough year, too.

Mr Garnry says the biggest story this year was the “absolute crunch” in so-called value stocks, companies that trade at low valuations compared to their earnings and growth potential.

He says they are “heavily tilted towards financials, miners, energy, utilities and industrials, which have all been hit hard by the Covid-19 pandemic”. “The last year saw these cheap stocks become cheaper and expensive stocks have become more expensive.” 

This has triggered excited talk about the “great value rotation” but Mr Garnry remains sceptical. “We need to see a breakout of interest rates combined with higher inflation before we join the crowd.”

Always remember that past performance is not a guarantee of future returns. Last year’s winners often turn out to be this year’s losers, and vice-versa.