Lance Armstrong took part in the Cancer Council Classic in Adelaide. The race is a prelude event to the Tour Down Under, in which Armstrong will return to professional racing.
Lance Armstrong took part in the Cancer Council Classic in Adelaide. The race is a prelude event to the Tour Down Under, in which Armstrong will return to professional racing.

Armstrong is worried he is going to get 'clobbered'



ADELAIDE // Lance Armstrong hardly sounded like a seven-time Tour de France champion ahead of his first bike race in three-and-a-half years. In the build-up to the Tour Down Under, which gets under way here on Tuesday, the 37-year-old Texan first played down his chances of victory and later insisted he was more worried about "being clobbered" by the rest of the peloton. Armstrong's assessment of his race ambitions are spot on. However well prepared he is, he is unlikely to go all-out for victory, instead he will be happy just to be in the peloton and get some racing in his legs ahead of the duel test of the Giro d'Italia and Tour de France later this season. In the build-up to the event this weekend, he said he had questioned his return to riding. "There have been times where I've thought 'what have I done?' but they're brief," he said. "I just don't want to get clobbered too bad - that's my main motivation for training hard. I don't have delusions of grandeur. It's been such a long break - that's the longest break I've had. It's nervousness and excitement."

Armstrong had been training in Hawaii to acclimatise for the south Australia weather and is expected to face temperatures nearing the low-40s for the six-day race. Ominously for his race rivals when he peaks later this season, he insists he has never been in better shape, not even at the height of his Tour de France powers. "I've prepared harder in the build-up to this than any season in the past," said Armstrong. "Maybe that's just because I'm an old man! My January fitness is much better than it ever was in the years when I was winning the Tour de France." Armstrong's fitness means nothing unless he has racing in his legs both in terms of simple awareness and the more in-depth peloton tactics. And that is his biggest fear. "None of my past or my training means anything until you get into the race," he said. "I'm just one man out of 133 in the race that goes round corners at 50 miles per hour. You can't simulate that in training. I've got to get back into that space and get used to it. But I'm not doing too badly for an old guy." Among the favourites for victory on home soil is Stuart O'Grady, who heads up Team Saxo Bank and won the inaugural Tour Down Under in 1999. O'Grady said he had answered more questions about Armstrong's return than his own goals for the race. He added: "As usual it's been mental when Lance is involved. I just sit in my saddle and watch in bemusement from my saddle and quietly go about my business. I don't know how he does it - being swamped by so many people all the time. It would do my head in." The race begins in Adelaide on Tuesday and finishes back in the city on Sunday. mmajendie@thenational.ae

COMPANY PROFILE
Name: ARDH Collective
Based: Dubai
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Sector: Sustainability
Total funding: Self funded
Number of employees: 4
How will Gen Alpha invest?

Mark Chahwan, co-founder and chief executive of robo-advisory firm Sarwa, forecasts that Generation Alpha (born between 2010 and 2024) will start investing in their teenage years and therefore benefit from compound interest.

“Technology and education should be the main drivers to make this happen, whether it’s investing in a few clicks or their schools/parents stepping up their personal finance education skills,” he adds.

Mr Chahwan says younger generations have a higher capacity to take on risk, but for some their appetite can be more cautious because they are investing for the first time. “Schools still do not teach personal finance and stock market investing, so a lot of the learning journey can feel daunting and intimidating,” he says.

He advises millennials to not always start with an aggressive portfolio even if they can afford to take risks. “We always advise to work your way up to your risk capacity, that way you experience volatility and get used to it. Given the higher risk capacity for the younger generations, stocks are a favourite,” says Mr Chahwan.

Highlighting the role technology has played in encouraging millennials and Gen Z to invest, he says: “They were often excluded, but with lower account minimums ... a customer with $1,000 [Dh3,672] in their account has their money working for them just as hard as the portfolio of a high get-worth individual.”

TEST SQUADS

Bangladesh: Mushfiqur Rahim (captain), Tamim Iqbal, Soumya Sarkar, Imrul Kayes, Liton Das, Shakib Al Hasan, Mominul Haque, Nasir Hossain, Sabbir Rahman, Mehedi Hasan, Shafiul Islam, Taijul Islam, Mustafizur Rahman and Taskin Ahmed.

Australia: Steve Smith (captain), David Warner, Ashton Agar, Hilton Cartwright, Pat Cummins, Peter Handscomb, Matthew Wade, Josh Hazlewood, Usman Khawaja, Nathan Lyon, Glenn Maxwell, Matt Renshaw, Mitchell Swepson and Jackson Bird.

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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

Jigra
Director: Vasan Bala
Starring: Alia Bhatt, Vedang Raina, Manoj Pahwa, Harsh Singh
Rated: 3.5/5
PROFILE OF SWVL

Started: April 2017

Founders: Mostafa Kandil, Ahmed Sabbah and Mahmoud Nouh

Based: Cairo, Egypt

Sector: transport

Size: 450 employees

Investment: approximately $80 million

Investors include: Dubai’s Beco Capital, US’s Endeavor Catalyst, China’s MSA, Egypt’s Sawari Ventures, Sweden’s Vostok New Ventures, Property Finder CEO Michael Lahyani


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