Schumacher was 'out of line'



Montreal lived up to its reputation of being a wonderful motor racing circuit on Sunday, unfortunately Michael Schumacher did not live up to his. Schumacher drove a very aggressive race in the Canadian Grand Prix, making contact with a number of drivers. I thought he was out of line on a couple of occasions.

Some of his moves looked like a man on the edge of desperation as he is not used to struggling in a Formula One car. There is a "drivers' agreement" that you can move your line just once to defend when another car is attempting to overtake you. I felt when Felipe Massa was trying to pass him in his Ferrari, Schumacher moved to the middle of the track and then as Massa tried to go past him on the left, he moved back over, squeezing Massa, which led to him breaking his car's front wing against the rear of the Mercedes GP.

I felt that went above the terms of that agreement and there were other cases were he pushed the boundaries of what was acceptable defence as he struggled with grip. The way he forced Robert Kubica's Renault on to the grass was another bad moment for me. But, generally, Montreal gave us another entertaining race. There was a lot of action and overtaking and it was a thoroughly absorbing race in what is turning into a very enjoyable season.

A lot of the drama was caused by the tyre problems the teams had as they struggled with degradation, particularly on the softer tyre, which led to the race being run on a two-stop strategy rather than the usual one stopper for the teams. Driving on worn tyres while trying to keep a good pace is difficult, but it is not impossible, and it does provide an opportunity for drivers to make a difference.

The situation with the tyres was the same for everyone and there is a skill in being able to run to a limit that is quick, but allows you to preserve the tyre and continue to get the grip to enjoy a decent enough pace. You saw different strategies, which added to the intrigue, with Red Bull-Renault keeping Mark Webber on the harder tyre for two stints, which looked at one stage if it could work for the Australian, but he eventually had to be content with fifth, which was not enough for him to keep top spot in the title standings.

Lewis Hamilton and McLaren ultimately did the best job with Hamilton leading home a one-two for the team ahead of Jenson Button and that is how it now is in the drivers' championship table. They did the best job of managing their tyres and were well worth the victory, which was the team's fourth of the season. Hamilton has not always had the best reputation for preserving his equipment, but I think he may have learned a bit from his teammate this year.

It is no secret that Button has always been a smooth driver, who is not hard on his tyres. I would not be surprised to see if Hamilton has looked at Button's technique and has tried to adapt his style a little since the start of the season. Certainly he drove a very mature race and did a great job of looking after those tyres, which is something he may not have been able to do a couple of years ago.

Hamilton is still a young driver, despite already being a world champion, and he is only going to improve as he learns new skills and techniques. I was also impressed with Fernando Alonso and Ferrari, who showed a good return to form and with a bit of luck could have won the race from Hamilton. However, he had problems with lapping slower cars, which led to him being passed by both McLaren drivers.

Ferrari have a development package for the car coming for the next race in Valencia at the end of the month and that is going to be a big race for Alonso. Not only will he be racing in front of his home fans, but it will give a clearer indication of whether he will be able to challenge for a third world title. The Ferrari has shown it can be quick at particular tracks, it is now about showing it can adapt and be quick at every track like the Red Bulls and McLarens.

@Email:sports@thenational.ae

UAE currency: the story behind the money in your pockets
UAE currency: the story behind the money in your pockets
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Dengue%20fever%20symptoms
%3Cp%3EHigh%20fever%20(40%C2%B0C%2F104%C2%B0F)%3Cbr%3ESevere%20headache%3Cbr%3EPain%20behind%20the%20eyes%3Cbr%3EMuscle%20and%20joint%20pains%3Cbr%3ENausea%3Cbr%3EVomiting%3Cbr%3ESwollen%20glands%3Cbr%3ERash%26nbsp%3B%3C%2Fp%3E%0A

The Intruder

Director: Deon Taylor

Starring: Dennis Quaid, Michael Ealy, Meagan Good

One star

How to come clean about financial infidelity
  • Be honest and transparent: It is always better to own up than be found out. Tell your partner everything they want to know. Show remorse. Inform them of the extent of the situation so they know what they are dealing with.
  • Work on yourself: Be honest with yourself and your partner and figure out why you did it. Don’t be ashamed to ask for professional help. 
  • Give it time: Like any breach of trust, it requires time to rebuild. So be consistent, communicate often and be patient with your partner and yourself.
  • Discuss your financial situation regularly: Ensure your spouse is involved in financial matters and decisions. Your ability to consistently follow through with what you say you are going to do when it comes to money can make all the difference in your partner’s willingness to trust you again.
  • Work on a plan to resolve the problem together: If there is a lot of debt, for example, create a budget and financial plan together and ensure your partner is fully informed, involved and supported. 

Carol Glynn, founder of Conscious Finance Coaching

WHAT%20MACRO%20FACTORS%20ARE%20IMPACTING%20META%20TECH%20MARKETS%3F
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WandaVision

Starring: Elizabeth Olsen, Paul Bettany

Directed by: Matt Shakman

Rating: Four stars

Key facilities
  • Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
  • Premier League-standard football pitch
  • 400m Olympic running track
  • NBA-spec basketball court with auditorium
  • 600-seat auditorium
  • Spaces for historical and cultural exploration
  • An elevated football field that doubles as a helipad
  • Specialist robotics and science laboratories
  • AR and VR-enabled learning centres
  • Disruption Lab and Research Centre for developing entrepreneurial skills
UAE%20Warriors%2033%20Results
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The biog

Nickname: Mama Nadia to children, staff and parents

Education: Bachelors degree in English Literature with Social work from UAE University

As a child: Kept sweets on the window sill for workers, set aside money to pay for education of needy families

Holidays: Spends most of her days off at Senses often with her family who describe the centre as part of their life too

 

 

COMPANY PROFILE
Name: Almnssa
Started: August 2020
Founder: Areej Selmi
Based: Gaza
Sectors: Internet, e-commerce
Investments: Grants/private funding

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.”

How to avoid crypto fraud
  • Use unique usernames and passwords while enabling multi-factor authentication.
  • Use an offline private key, a physical device that requires manual activation, whenever you access your wallet.
  • Avoid suspicious social media ads promoting fraudulent schemes.
  • Only invest in crypto projects that you fully understand.
  • Critically assess whether a project’s promises or returns seem too good to be true.
  • Only use reputable platforms that have a track record of strong regulatory compliance.
  • Store funds in hardware wallets as opposed to online exchanges.
Business Insights
  • As per the document, there are six filing options, including choosing to report on a realisation basis and transitional rules for pre-tax period gains or losses. 
  • SMEs with revenue below Dh3 million per annum can opt for transitional relief until 2026, treating them as having no taxable income. 
  • Larger entities have specific provisions for asset and liability movements, business restructuring, and handling foreign permanent establishments.
SPEC%20SHEET%3A%20SAMSUNG%20GALAXY%20S23%20ULTRA
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What can you do?

Document everything immediately; including dates, times, locations and witnesses

Seek professional advice from a legal expert

You can report an incident to HR or an immediate supervisor

You can use the Ministry of Human Resources and Emiratisation’s dedicated hotline

In criminal cases, you can contact the police for additional support

If you go
Where to stay: Courtyard by Marriott Titusville Kennedy Space Centre has unparalleled views of the Indian River. Alligators can be spotted from hotel room balconies, as can several rocket launch sites. The hotel also boasts cool space-themed decor.

When to go: Florida is best experienced during the winter months, from November to May, before the humidity kicks in.

How to get there: Emirates currently flies from Dubai to Orlando five times a week.
UPI facts

More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions