Bayern Munich warmed up for Wednesday's crucial Uefa Champions League quarter-final at Benfica with a 3-1 win at Stuttgart on Saturday to maintain their iron-grip on the Bundesliga title race with five games left.
An own goal from Stuttgart defender Georg Niedermeier and a second-half David Alaba strike put Pep Guardiola’s Bayern 2-0 up.
Daniel Didavi pulled a goal back for Stuttgart with an hour gone as he recovered from stumbling in the area to chip home while lying on the floor before Brazil winger Douglas Costa blasted in Bayern’s late third.
The win gave Bayern three more points in their quest to become the first club to win four successive German league titles ahead of Wednesday’s return leg in Benfica with Bayern holding a 1-0 lead.
Guardiola made five changes from the side which beat Benfica in Munich last Tuesday, but Thomas Mueller came on with only 25 minutes gone to replace Arturo Vidal.
The Chilean picked up a rash yellow card for a foul on Didavi and came off as Guardiola looked to boost his midfield.
• Read more: Ian Hawkey on Kevin-Prince Boateng's prodigal return to AC Milan
• And: Tough guy Antonio Conte would shake Chelsea out of their blues, writes Ian Hawkey
With second-placed Borussia Dortmund at arch-rivals Schalke on Sunday in the Ruhr Valley derby, Bayern took their chance to go eight points clear.
Having won their preceding three games by 1-0 margins, this was another laboured display from the Bavarians at Stuttgart’s Mercedes Benz Arena.
Bayern took the lead when Franck Ribery’s cross clipped Niedermeier’s boot on the way into the Stuttgart net on 31 minutes and the visitors extended their lead when Alaba fired inside the near post on 52 minutes.
Mid-table Stuttgart got back in the game when attacking midfielder Didavi, who will play for Wolfsburg next season, managed to lob Bayern goalkeeper Manuel Neuer.
The goal came despite Didavi being flat on the turf, when the ball fell into his path after a mistimed clearance by Munich striker Robert Lewandowski.
In the final ten minutes, Bayern’s Thiago hit the crossbar before Costa smashed in their third goal from the edge of the area.
Borussia Moenchengladbach stay fourth despite their 1-0 defeat at Ingolstadt.
At the bottom, Hoffenheim, coached by 28-year-old Julian Nagelsmann, the youngest ever coach in Germany’s top flight, are now three points clear of the relegation places after their 2-0 win at second from bottom Eintracht Frankfurt.
Midfielder Nadiem Amiri, who netted just a minute after coming off the bench, and forward Mark Uth scored their second-half goals.
Under Nagelsmann, Hoffenheim have now taken 17 points in their last nine games to climb out of the bottom three to 14th.
Augsburg escaped the bottom three, and dropped opponents Werder Bremen into the relegation places, with a 2-1 win in north Germany as South Korea defender Hong Jeong-Ho scored their dramatic 87th-minute winner.
Mid-table Darmstadt enjoyed a 2-1 win at Hamburg while on Friday Hertha Berlin were held to a 2-2 draw at home to bottom side Hanover.
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COMPANY PROFILE
Name: Kumulus Water
Started: 2021
Founders: Iheb Triki and Mohamed Ali Abid
Based: Tunisia
Sector: Water technology
Number of staff: 22
Investment raised: $4 million
The specs
AT4 Ultimate, as tested
Engine: 6.2-litre V8
Power: 420hp
Torque: 623Nm
Transmission: 10-speed automatic
Price: From Dh330,800 (Elevation: Dh236,400; AT4: Dh286,800; Denali: Dh345,800)
On sale: Now
Despacito's dominance in numbers
Released: 2017
Peak chart position: No.1 in more than 47 countries, including the United States, the United Kingdom, Australia and Lebanon
Views: 5.3 billion on YouTube
Sales: With 10 million downloads in the US, Despacito became the first Latin single to receive Diamond sales certification
Streams: 1.3 billion combined audio and video by the end of 2017, making it the biggest digital hit of the year.
Awards: 17, including Record of the Year at last year’s prestigious Latin Grammy Awards, as well as five Billboard Music Awards
Florence and the Machine – High as Hope
Three stars
Directed by: Craig Gillespie
Starring: Emma Stone, Emma Thompson, Joel Fry
4/5
RESULTS
Welterweight
Tohir Zhuraev (TJK) beat Mostafa Radi (PAL)
(Unanimous points decision)
Catchweight 75kg
Anas Siraj Mounir (MAR) beat Leandro Martins (BRA)
(Second round knockout)
Flyweight (female)
Manon Fiorot (FRA) beat Corinne Laframboise (CAN)
(RSC in third round)
Featherweight
Bogdan Kirilenko (UZB) beat Ahmed Al Darmaki
(Disqualification)
Lightweight
Izzedine Al Derabani (JOR) beat Rey Nacionales (PHI)
(Unanimous points)
Featherweight
Yousef Al Housani (UAE) beat Mohamed Fargan (IND)
(TKO first round)
Catchweight 69kg
Jung Han-gook (KOR) beat Max Lima (BRA)
(First round submission by foot-lock)
Catchweight 71kg
Usman Nurmogamedov (RUS) beat Jerry Kvarnstrom (FIN)
(TKO round 1).
Featherweight title (5 rounds)
Lee Do-gyeom (KOR) v Alexandru Chitoran (ROU)
(TKO round 1).
Lightweight title (5 rounds)
Bruno Machado (BRA) beat Mike Santiago (USA)
(RSC round 2).
Europe’s rearming plan
- Suspend strict budget rules to allow member countries to step up defence spending
- Create new "instrument" providing €150 billion of loans to member countries for defence investment
- Use the existing EU budget to direct more funds towards defence-related investment
- Engage the bloc's European Investment Bank to drop limits on lending to defence firms
- Create a savings and investments union to help companies access capital
THE SPECS
Engine: 6.75-litre twin-turbocharged V12 petrol engine
Power: 420kW
Torque: 780Nm
Transmission: 8-speed automatic
Price: From Dh1,350,000
On sale: Available for preorder now
The specs
Engine: Four electric motors, one at each wheel
Power: 579hp
Torque: 859Nm
Transmission: Single-speed automatic
Price: From Dh825,900
On sale: Now
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.”
Emergency
Director: Kangana Ranaut
Stars: Kangana Ranaut, Anupam Kher, Shreyas Talpade, Milind Soman, Mahima Chaudhry
Rating: 2/5
A State of Passion
Directors: Carol Mansour and Muna Khalidi
Stars: Dr Ghassan Abu-Sittah
Rating: 4/5
Our family matters legal consultant
Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
COMPANY%20PROFILE
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The specs: 2018 Volkswagen Teramont
Price, base / as tested Dh137,000 / Dh189,950
Engine 3.6-litre V6
Gearbox Eight-speed automatic
Power 280hp @ 6,200rpm
Torque 360Nm @ 2,750rpm
Fuel economy, combined 11.7L / 100km
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)
