Aston Martin have been successful in their appeal to have driver Fernando Alonso reinstated to third place at the Saudi Arabian Grand Prix.
The Spaniard finished Sunday's race in third place but was demoted to fourth when he was handed a post-race 10-second penalty for an infringement as he tried to serve an earlier five-second penalty in a pit stop.
The stewards judged that a mechanic touched the car with a rear tyre jack before the five seconds had elapsed and so the penalty had not been served correctly.
That handed third place to Mercedes' George Russell who described the penalty as "harsh".
Aston Martin, however, launched an appeal, prompting the FIA to reverse their decision.
"Having reviewed the new evidence, we concluded that there was no clear agreement, as was suggested to the stewards previously, that could be relied upon to determine that parties had agreed that a jack touching a car would amount to working on the car," the FIA said in a statement.
"In the circumstances, we considered that our original decision to impose a penalty on Car 14 [Alonso] needed to be reversed and we did so accordingly."
The two-time champion had incurred the original penalty when he took the lead at the first corner of the 50-lap race, but started from an incorrect position, too far to the left in his grid slot.
Alonso had appeared unperturbed when he was initially stripped of third after he had appeared on the podium with race winner Sergio Perez and his Red Bull teammate Max Verstappen and in the post-race interviews.
"I'm not too upset," said Alonso after the 100th podium of his career. "It was good and it doesn't hurt much. I was on the podium, I took the pictures, I got the trophy ..."
"You can't apply the penalty 35 laps after the pit-stop. They [the FIA] had enough time to inform us. If I knew about the penalty, I would have had 11 seconds with the car."
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Multitasking pays off for money goals
Tackling money goals one at a time cost financial literacy expert Barbara O'Neill at least $1 million.
That's how much Ms O'Neill, a distinguished professor at Rutgers University in the US, figures she lost by starting saving for retirement only after she had created an emergency fund, bought a car with cash and purchased a home.
"I tell students that eventually, 30 years later, I hit the million-dollar mark, but I could've had $2 million," Ms O'Neill says.
Too often, financial experts say, people want to attack their money goals one at a time: "As soon as I pay off my credit card debt, then I'll start saving for a home," or, "As soon as I pay off my student loan debt, then I'll start saving for retirement"."
People do not realise how costly the words "as soon as" can be. Paying off debt is a worthy goal, but it should not come at the expense of other goals, particularly saving for retirement. The sooner money is contributed, the longer it can benefit from compounded returns. Compounded returns are when your investment gains earn their own gains, which can dramatically increase your balances over time.
"By putting off saving for the future, you are really inhibiting yourself from benefiting from that wonderful magic," says Kimberly Zimmerman Rand , an accredited financial counsellor and principal at Dragonfly Financial Solutions in Boston. "If you can start saving today ... you are going to have a lot more five years from now than if you decide to pay off debt for three years and start saving in year four."
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Tamkeen's offering
- Option 1: 70% in year 1, 50% in year 2, 30% in year 3
- Option 2: 50% across three years
- Option 3: 30% across five years
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Arrogate's winning run
1. Maiden Special Weight, Santa Anita Park, June 5, 2016
2. Allowance Optional Claiming, Santa Anita Park, June 24, 2016
3. Allowance Optional Claiming, Del Mar, August 4, 2016
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Who has lived at The Bishops Avenue?
- George Sainsbury of the supermarket dynasty, sugar magnate William Park Lyle and actress Dame Gracie Fields were residents in the 1930s when the street was only known as ‘Millionaires’ Row’.
- Then came the international super rich, including the last king of Greece, Constantine II, the Sultan of Brunei and Indian steel magnate Lakshmi Mittal who was at one point ranked the third richest person in the world.
- Turkish tycoon Halis Torprak sold his mansion for £50m in 2008 after spending just two days there. The House of Saud sold 10 properties on the road in 2013 for almost £80m.
- Other residents have included Iraqi businessman Nemir Kirdar, singer Ariana Grande, holiday camp impresario Sir Billy Butlin, businessman Asil Nadir, Paul McCartney’s former wife Heather Mills.
Hunting park to luxury living
- Land was originally the Bishop of London's hunting park, hence the name
- The road was laid out in the mid 19th Century, meandering through woodland and farmland
- Its earliest houses at the turn of the 20th Century were substantial detached properties with extensive grounds
Look north
BBC business reporters, like a new raft of government officials, are being removed from the national and international hub of London and surely the quality of their work must suffer.
New UK refugee system
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- Shortened leave to remain - refugees will receive 30 months instead of five years
- A longer path to settlement with no indefinite settled status until a refugee has spent 20 years in Britain
- To encourage refugees to integrate the government will encourage them to out of the core protection route wherever possible.
- Under core protection there will be no automatic right to family reunion
- Refugees will have a reduced right to public funds