In this file photo former McLaren driver Jenson Button of Britain arrives at the paddock at the Yas Marina racetrack in Abu Dhabi, UAE, Thursday, November 24, 2016. The Emirates Formula One Grand Prix will take place on Sunday. Kamran Jebreili / AP Photo
In this file photo former McLaren driver Jenson Button of Britain arrives at the paddock at the Yas Marina racetrack in Abu Dhabi, UAE, Thursday, November 24, 2016. The Emirates Formula One Grand PrixShow more

Jenson Button on possible full-time return to Formula One: ‘I can’t rule it out’



Jenson Button has refused to rule out a full-time return to the Formula One grid next season as he prepares for his fairy-tale comeback in Monaco.

Button, who seemingly called time on his 17-season career in Abu Dhabi last November, will be back behind the wheel of a McLaren a week on Sunday when he replaces Fernando Alonso in a one-off appearance at the famous Monte Carlo race, while the Spaniard competes in the Indianapolis 500.

The 37-year-old Englishman may have relinquished his racing duties this season, but the deal in which he signed with Ron Dennis – McLaren’s long-serving chief who was ousted at the end of last year – means he remains under contract for this season and 2018, too.

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Read more

■ Graham Caygill: F1 fans finally have a Hamilton-Vettel duel for the championship

■ Fernando Alonso: Spaniard to skip Monaco and race for McLaren in Indianapolis 500

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And with Alonso’s future at McLaren hanging in the balance, Button has claimed he could be called upon by the British team to return next season.

“I can’t rule it out,” Button told Press Association Sport. “I have a contract with the team to race next year so I would definitely not rule anything out.”

Button also revealed that he was contacted earlier this year by two teams wanting him to race for them this season.

Mercedes and Williams were the only two outfits to confirm their line-ups in January following Nico Rosberg’s sudden retirement and Valtteri Bottas’s ensuing switch from Williams to join Lewis Hamilton at Formula One’s world championship-winning team.

“I had so many options to race this year it is hilarious,” added Button.

“That even went into this year with two different teams asking me to race. I have no interest in doing that.

“I am thinking of Monaco as my only race this year. Obviously if I am asked again at another point in the year I am here to fill that seat. But I am not going to go out of my way to ask to drive because the whole idea was not to.”

Button won 15 grands prix during a career which climaxed in him winning the championship with Brawn GP in 2009. He now spends most of his time in the United States with his model girlfriend Brittny Ward.

He competed in an Ironman in California on Saturday, winning his age group, and in doing so, securing his spot at the world championships in Tennessee later this year.

And Button’s new life, far removed from the F1 paddock, naturally led to some suggestions that he had no interest in replacing Alonso in a McLaren which has been beset by Honda engine problems this season.

“Throwing this race at me is not a shock, and I am not thinking ‘ ... what am I doing and I don’t want to do this’,” Button said. “I am massively excited about it as I would not do it otherwise. I had the option to say ‘no’ because nobody wants someone in the car that doesn’t want to be there.

“It is pretty mad really that I am getting back in a Formula One car, but there are no negative thoughts going through my head.

“It will be nice to get a good result, but I don’t know what is going to happen. I don’t know if I am going to jump in the car that it feels so different that I won’t be competitive.

“I don’t have anything to gain, but I don’t have anything to lose either. I am there to help the team out and have some fun and it will probably be one of the most fun grands prix for me because there is no pressure. It is a one-off so I am really excited about the challenge.”

* Press Association

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COMPANY PROFILE
Name: Airev
Started: September 2023
Founder: Muhammad Khalid
Based: Abu Dhabi
Sector: Generative AI
Initial investment: Undisclosed
Investment stage: Series A
Investors: Core42
Current number of staff: 47
 
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
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BORDERLANDS

Starring: Cate Blanchett, Kevin Hart, Jamie Lee Curtis

Director: Eli Roth

Rating: 0/5

What should do investors do now?

What does the S&P 500's new all-time high mean for the average investor? 

Should I be euphoric?

No. It's fine to be pleased about hearty returns on your investments. But it's not a good idea to tie your emotions closely to the ups and downs of the stock market. You'll get tired fast. This market moment comes on the heels of last year's nosedive. And it's not the first or last time the stock market will make a dramatic move.

So what happened?

It's more about what happened last year. Many of the concerns that triggered that plunge towards the end of last have largely been quelled. The US and China are slowly moving toward a trade agreement. The Federal Reserve has indicated it likely will not raise rates at all in 2019 after seven recent increases. And those changes, along with some strong earnings reports and broader healthy economic indicators, have fueled some optimism in stock markets.

"The panic in the fourth quarter was based mostly on fears," says Brent Schutte, chief investment strategist for Northwestern Mutual Wealth Management Company. "The fundamentals have mostly held up, while the fears have gone away and the fears were based mostly on emotion."

Should I buy? Should I sell?

Maybe. It depends on what your long-term investment plan is. The best advice is usually the same no matter the day — determine your financial goals, make a plan to reach them and stick to it.

"I would encourage (investors) not to overreact to highs, just as I would encourage them not to overreact to the lows of December," Mr Schutte says.

All the same, there are some situations in which you should consider taking action. If you think you can't live through another low like last year, the time to get out is now. If the balance of assets in your portfolio is out of whack thanks to the rise of the stock market, make adjustments. And if you need your money in the next five to 10 years, it shouldn't be in stocks anyhow. But for most people, it's also a good time to just leave things be.

Resist the urge to abandon the diversification of your portfolio, Mr Schutte cautions. It may be tempting to shed other investments that aren't performing as well, such as some international stocks, but diversification is designed to help steady your performance over time.

Will the rally last?

No one knows for sure. But David Bailin, chief investment officer at Citi Private Bank, expects the US market could move up 5 per cent to 7 per cent more over the next nine to 12 months, provided the Fed doesn't raise rates and earnings growth exceeds current expectations. We are in a late cycle market, a period when US equities have historically done very well, but volatility also rises, he says.

"This phase can last six months to several years, but it's important clients remain invested and not try to prematurely position for a contraction of the market," Mr Bailin says. "Doing so would risk missing out on important portfolio returns."

The specs
 
Engine: 3.0-litre six-cylinder turbo
Power: 398hp from 5,250rpm
Torque: 580Nm at 1,900-4,800rpm
Transmission: Eight-speed auto
Fuel economy, combined: 6.5L/100km
On sale: December
Price: From Dh330,000 (estimate)
Company%20Profile
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The Buckingham Murders

Starring: Kareena Kapoor Khan, Ash Tandon, Prabhleen Sandhu

Director: Hansal Mehta

Rating: 4 / 5

EMIRATES'S%20REVISED%20A350%20DEPLOYMENT%20SCHEDULE
%3Cp%3E%3Cstrong%3EEdinburgh%3A%3C%2Fstrong%3E%20November%204%20%3Cem%3E(unchanged)%3C%2Fem%3E%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EBahrain%3A%3C%2Fstrong%3E%20November%2015%20%3Cem%3E(from%20September%2015)%3C%2Fem%3E%3B%20second%20daily%20service%20from%20January%201%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EKuwait%3A%3C%2Fstrong%3E%20November%2015%20%3Cem%3E(from%20September%2016)%3C%2Fem%3E%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EMumbai%3A%3C%2Fstrong%3E%20January%201%20%3Cem%3E(from%20October%2027)%3C%2Fem%3E%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EAhmedabad%3A%3C%2Fstrong%3E%20January%201%20%3Cem%3E(from%20October%2027)%3C%2Fem%3E%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EColombo%3A%3C%2Fstrong%3E%20January%202%20%3Cem%3E(from%20January%201)%3C%2Fem%3E%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EMuscat%3A%3C%2Fstrong%3E%3Cem%3E%20%3C%2Fem%3EMarch%201%3Cem%3E%20(from%20December%201)%3C%2Fem%3E%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ELyon%3A%3C%2Fstrong%3E%20March%201%20%3Cem%3E(from%20December%201)%3C%2Fem%3E%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EBologna%3A%3C%2Fstrong%3E%20March%201%20%3Cem%3E(from%20December%201)%3C%2Fem%3E%3C%2Fp%3E%0A%3Cp%3E%3Cem%3ESource%3A%20Emirates%3C%2Fem%3E%3C%2Fp%3E%0A
Joker: Folie a Deux

Starring: Joaquin Phoenix, Lady Gaga, Brendan Gleeson

Director: Todd Phillips 

Rating: 2/5

'Cheb%20Khaled'
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The specs

  Engine: 2-litre or 3-litre 4Motion all-wheel-drive Power: 250Nm (2-litre); 340 (3-litre) Torque: 450Nm Transmission: 8-speed automatic Starting price: From Dh212,000 On sale: Now

About Krews

Founder: Ahmed Al Qubaisi

Based: Abu Dhabi

Founded: January 2019

Number of employees: 10

Sector: Technology/Social media 

Funding to date: Estimated $300,000 from Hub71 in-kind support

 


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