AC Milan moved back to the top of the Serie A table on Sunday after a thrilling 5-4 win at Parma where both sides finished with 10 men.
Champions Juventus and Roma, both of whom have also won their opening two games, sit second and third respectively with Inter Milan in fourth, two points off the pace.
AC Milan are looking to launch a revival under new coach Filippo Inzaghi following two mediocre seasons, and have impressed so far.
“Almost every time we took a shot on goal, we scored,” Inzaghi told Sky Sports.
“There’s no doubt we deserved to win this game. A draw wouldn’t have been a fair result. We were always in front in the game ... this is the true Milan spirit.”
Milan looked to have taken a firm grip of the game after taking a 3-1 lead by the break.
Former Atalanta striker Giacomo Bonaventura claimed his maiden goal in the 25th minute after being set up by Keisuke Honda, only for former Milan player Antonio Cassano to beat keeper Diego Lopez with a bouncing header only two minutes later.
The visitors were soon back in front when Honda headed Ignazio Abate’s fine delivery past Antonio Mirante on 37 minutes and Jeremy Menez doubled their lead from the penalty spot on the stroke of half-time after he was hauled down by Alessandro Lucarelli.
Yet the tide turned in the other direction inside 10 second-half minutes.
Milan’s two-goal lead was halved when Cristobal Jorquera did great work down the left, leaving Felipe to beat Lopez from close range.
Barely 10 minutes later Milan were reduced to 10 men when Daniele Bonera was sent off for handball on the edge of the area.
Milan looked to have fortune on their side when Cassano failed to control a pass from Felipe near the halfway line, allowing Nigel De Jong to steal in and run towards goal where he sneaked the ball inside Mirante’s near post.
But only two minutes later Parma reduced the arrears again, Lucarelli rising to meet a corner and send a curling header past the outstretched Lopez.
Parma, however, suffered two blows in as many minutes.
Felipe was booked for a second time and sent off after a challenge from behind on Menez.
Minutes later the Frenchman restored Milan’s two-goal lead with a superb individual effort which saw him steal possession deep on the left and dink the ball past Mirante before sending the ball into the roof of the net with a powerful backheel.
Earlier, Mauro Icardi scored a hat-trick and Pablo Osvaldo added a double as Inter routed Sassuolo 7-0 for the second successive season. Early last season Inter handed Sassuolo, then in their maiden season in Italy’s top flight, a 7-0 defeat.
Elsewhere, Napoli suffered a shock 1-0 home defeat to Chievo, hosts Fiorentina were held to a scoreless draw by Genoa, Lazio routed Cesena 3-0 and Atalanta claimed a precious 2-1 win away at Cagliari.
On Saturday Carlos Tevez and Claudio Marchisio hit one apiece for Juve in a 2-0 home win over Udinese.
It was Max Allegri’s first home game in charge of Juve and the former Milan handler, who has yet to win over many fans, told Sky Sports: “It was a pretty special night, my first as Juventus manager in this incredible stadium.
“We succumbed to a few too many of their counter-attacks in the first half and in the second there was a 10-minute period in which they gave us some trouble.
“But overall I’m happy with our performance.”
Juve host Malmo in their Champions League group A opener on Tuesday, with Roma in action a day later in the Italian capital against CSKA Moscow.
Roma coach Rudi Garci, who as coach of Lille faced CSKA in the 2011/2012 competition, admitted the mood in the camp is buoyant.
“The Champions League is a fantastic competition. I’ve already experienced it as coach of Lille,” Garcia told Sky
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The lowdown
Bohemian Rhapsody
Director: Bryan Singer
Starring: Rami Malek, Lucy Boynton, Gwilym Lee
Rating: 3/5
Most%20ODI%20hundreds
%3Cp%3E49%20-%20Sachin%20Tendulkar%2C%20India%0D%3Cbr%3E47%20-%20Virat%20Kohli%2C%20India%0D%3Cbr%3E31%20-%20Rohit%20Sharma%2C%20India%0D%3Cbr%3E30%20-%20Ricky%20Ponting%2C%20Australia%2FICC%0D%3Cbr%3E28%20-%20Sanath%20Jayasuriya%2C%20Sri%20Lanka%2FAsia%0D%3Cbr%3E27%20-%20Hashim%20Amla%2C%20South%20Africa%0D%3Cbr%3E25%20-%20AB%20de%20Villiers%2C%20South%20Africa%2FAfrica%0D%3Cbr%3E25%20-%20Chris%20Gayle%2C%20West%20Indies%2FICC%0D%3Cbr%3E25%20-%20Kumar%20Sangakkara%2C%20Sri%20Lanka%2FICC%2FAsia%0D%3Cbr%3E22%20-%20Sourav%20Ganguly%2C%20India%2FAsia%0D%3Cbr%3E22%20-%20Tillakaratne%20Dilshan%2C%20Sri%20Lanka%0D%3C%2Fp%3E%0A
Company%20profile
%3Cp%3EDate%20started%3A%20January%202022%3Cbr%3EFounders%3A%20Omar%20Abu%20Innab%2C%20Silvia%20Eldawi%2C%20Walid%20Shihabi%3Cbr%3EBased%3A%20Dubai%3Cbr%3ESector%3A%20PropTech%20%2F%20investment%3Cbr%3EEmployees%3A%2040%3Cbr%3EStage%3A%20Seed%3Cbr%3EInvestors%3A%20Multiple%3C%2Fp%3E%0A
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.”
Kanye%20West
%3Cp%3EYe%20%E2%80%94%20the%20rapper%20formerly%20known%20as%20Kanye%20West%20%E2%80%94%20has%20seen%20his%20net%20worth%20fall%20to%20%24400%20million%20in%20recent%20weeks.%20That%E2%80%99s%20a%20precipitous%20drop%20from%20Bloomberg%E2%80%99s%20estimates%20of%20%246.8%20billion%20at%20the%20end%20of%202021.%3Cbr%3EYe%E2%80%99s%20wealth%20plunged%20after%20business%20partners%2C%20including%20Adidas%2C%20severed%20ties%20with%20him%20on%20the%20back%20of%20anti-Semitic%20remarks%20earlier%20this%20year.%3Cbr%3EWest%E2%80%99s%20present%20net%20worth%20derives%20from%20cash%2C%20his%20music%2C%20real%20estate%20and%20a%20stake%20in%20former%20wife%20Kim%20Kardashian%E2%80%99s%20shapewear%20firm%2C%20Skims.%3C%2Fp%3E%0A
Benefits of first-time home buyers' scheme
- Priority access to new homes from participating developers
- Discounts on sales price of off-plan units
- Flexible payment plans from developers
- Mortgages with better interest rates, faster approval times and reduced fees
- DLD registration fee can be paid through banks or credit cards at zero interest rates
The biog
Name: Mariam Ketait
Emirate: Dubai
Hobbies: I enjoy travelling, experiencing new things, painting, reading, flying, and the French language
Favourite quote: "Be the change you wish to see" - unknown
Favourite activity: Connecting with different cultures
Emergency
Director: Kangana Ranaut
Stars: Kangana Ranaut, Anupam Kher, Shreyas Talpade, Milind Soman, Mahima Chaudhry
Rating: 2/5
