Six critically injured in Arizona as truck rams into cyclists


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A driver in a pick-up truck ploughed into cyclists during a community road race in Arizona on Saturday, critically injuring several riders before police chased the driver and shot him outside a nearby hardware store.

Six people were taken to a hospital in critical condition after the incident in the mountain town of Show Low, about a three-hour drive north-east of Phoenix, police said.

Helmets, shoes and crumpled and broken bicycles were strewn across the street after the crash, and a tyre was wedged into the grill of the truck, which had damage to its top and sides and a bullet hole in a window.

Two other people went to a hospital themselves, city spokeswoman Grace Payne said.

One of the people severely injured in the incident was later flown by medical helicopter to a hospital in the Phoenix area.

The suspect, a 35-year-old man, also was admitted to hospital in critical but stable condition.

“We don’t know the motivation. We know he fled the scene,” Ms Payne told AP.

Police said a Ford pick-up truck struck the cyclists about 7.25am in central Show Low during the annual 93-kilometre Bike the Bluff race. The driver then fled the scene.

Officers pursued the driver and tried to stop him before he was shot, authorities said.

Ms Payne said the driver did not comply when officers tried to arrest him, but the circumstances of the shooting were not immediately released.

Neither were the identities of the suspect or the people injured.

Officials said 270 people were participating in the race.

“Our community is shocked at this incident and our hearts and prayers are with the injured and their families at this time,” police spokeswoman Kristine Sleighter said.

The Navajo County sheriff’s office and Arizona Department of Public Safety joined the investigation.

US 60, the main street in the town tucked in the White Mountains, was closed in the area.

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Director: Mohammed Saeed Harib

Stars: Shadi Alfons,  Marwan Abdullah, Doaa Mostafa Ragab 

Two stars out of five 

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Roger Federer - back

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7.40pm: Straight No Chaser
8.15pm: Romantic Warrior
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Transmission: 6-speed manual

Fuel consumption: 10.2 l/100km

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Racecard
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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

Brief scores:

Toss: South Africa, chose to field

Pakistan: 177 & 294

South Africa: 431 & 43-1

Man of the Match: Faf du Plessis (South Africa)

Series: South Africa lead three-match series 2-0

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By Kenneth Pollack (Oxford University Press)
 

Who was Alfred Nobel?

The Nobel Prize was created by wealthy Swedish chemist and entrepreneur Alfred Nobel.

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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.”

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7.30pm: Handicap (PA) Dh80,000 1,400m
Winner: AF Mekhbat, Antonio Fresu, Ernst Oertel

Results:

First Test: New Zealand 30 British & Irish Lions 15

Second Test: New Zealand 21 British & Irish Lions 24

Third Test: New Zealand 15 British & Irish Lions 15

Pieces of Her

Stars: Toni Collette, Bella Heathcote, David Wenham, Omari Hardwick   

Director: Minkie Spiro

Rating:2/5

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Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south

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First Person
Richard Flanagan
Chatto & Windus 

UAE squad

Men's draw: Victor Scvortov and Khalifa Al Hosani, (both 73 kilograms), Sergiu Toma and Mihail Marchitan (90kg), Ivan Remarenco (100kg), Ahmed Al Naqbi (60kg), Musabah Al Shamsi and Ahmed Al Hosani (66kg)

Women’s draw: Maitha Al Neyadi (57kg)

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