Max Verstappen put Red Bull’s off-track dramas to one side to win the Mexican Grand Prix and claim the record for the most victories in a Formula One season.
Forty-eight hours after Red Bull were fined £6 million ($6.9m) for breaking the sport’s financial rules — before the team went on to boycott Sky Sports’ coverage — Verstappen claimed his 14th win of the year.
Michael Schumacher won 13 of the 18 races in 2004. Sebastian Vettel recorded the same number of wins from 19 rounds in 2013.
Lewis Hamilton hoped a different tyre strategy to Verstappen would propel him to his first win of the year.
But he crossed the line 15.1 seconds behind Verstappen, with Sergio Perez third. and George Russell fourth for Mercedes.
“The start helped me out a lot to stay in the lead. We were on a different strategy but an incredible result," Verstappen said.
“It has been an incredible year so far. We are enjoying it and we will try to go for more wins.”
The 811-metre charge to the opening right-left-right chicane at the Autodromo Hermanos Rodriguez is the longest on the calendar.
Hamilton, starting in third — the grid slot for the past two winners at this venue — said it would be his best shot for knocking Verstappen off his perch.
But Verstappen won the drag contest at a canter, keeping both silver machines in his mirror as he navigated the opening three bends unopposed.
Instead, the drama unfolded behind the double world champion, with Hamilton moving ahead of Russell at the third corner.
Hamilton’s no-nonsense move on Russell saw his junior teammate run wide over the kerbs, allowing Perez to carry the momentum on the run down to Turn 4 and usurp Russell. Cue wild celebrations in the Mexican stands.
Verstappen raced around the first lap to build up a 1.3 second lead. Hamilton, on the durable, but slower medium tyre compound, was keeping his rival on his toes.
Perez, like teammate Verstappen, started on the speedier soft rubber, and he was the first to stop on lap 23. But he was stationary for five seconds as the Red Bull crew struggled to bolt on his rear-left tyre.
Two laps later, and it was the turn of Verstappen, 1.5secs ahead of Hamilton, to dive into the pits for the medium tyres.
There were no dramas for the Dutchman as he rejoined in third, with Hamilton leading Russell in a Mercedes one-two.
How long could the Mercedes pair travel on their medium rubber? The answer arrived on lap 29 of 71 when Hamilton stopped. Russell lasted another six laps.
Both Mercedes drivers were now on the hardest rubber, hopeful not only of getting to the end, but that Verstappen, on the medium tyre, would not.
A chess match followed. Hamilton and Russell were complaining about the speed of the hard rubber, but were matching the lap times of both the Red Bulls. Could it have been a coded message to their rivals?
Yet, as the lap counter ticked down, and Verstappen showed no sign of stopping, alarm bells started ringing inside Hamilton’s helmet.
“Are we on the wrong tyre, mate?” he asked.
“No, Lewis, we think we are on the right tyre,” replied his race engineer, Peter Bonnington. “We are going to get to the end of this. no sweat?”
But the rub for Mercedes was that Red Bull looked set to make it over the line, too.
Hamilton was back on the radio.
“This medium looks quick, mate,” he said. “They are going to go the end.”
Perhaps tellingly, Bonnington did not reply.
Hamilton’s fears came true, with Verstappen cruising to the chequered flag and making history.
After the race, Hamilton, who was jeered by the partisan Red Bull fans, said: “This has been an amazing crowd, a bit awkward this time round, boos all day, but nevertheless I have so much love for Mexico and the people here.
“I was close in that first stint, but the Red Bulls are too fast and ultimately they had the better strategy. I am not sure it was the right tyre. I thought we should have started on the softs.”
On an afternoon of rare incident in the high-altitude Mexico City air, Daniel Ricciardo clashed with Yuki Tsunoda. “What the [expletive] is he doing?”asked Tsunoda who had to retire with the damage sustained.
Fernando Alonso parked his Alpine after his engine conked out with six laps to go. The Virtual Safety Car was sent but had no effect on the result.
Carlos Sainz finished fifth for Ferrari, one place ahead of teammate Charles Leclerc, with Daniel Ricciardo seventh.
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Iftar programme at the Sheikh Mohammed Centre for Cultural Understanding
Established in 1998, the Sheikh Mohammed Centre for Cultural Understanding was created with a vision to teach residents about the traditions and customs of the UAE. Its motto is ‘open doors, open minds’. All year-round, visitors can sign up for a traditional Emirati breakfast, lunch or dinner meal, as well as a range of walking tours, including ones to sites such as the Jumeirah Mosque or Al Fahidi Historical Neighbourhood.
Every year during Ramadan, an iftar programme is rolled out. This allows guests to break their fast with the centre’s presenters, visit a nearby mosque and observe their guides while they pray. These events last for about two hours and are open to the public, or can be booked for a private event.
Until the end of Ramadan, the iftar events take place from 7pm until 9pm, from Saturday to Thursday. Advanced booking is required.
For more details, email openminds@cultures.ae or visit www.cultures.ae
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UAE currency: the story behind the money in your pockets
Malcolm & Marie
Directed by: Sam Levinson
Starring: John David Washington and Zendaya
Three stars
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
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RESULTS
5pm: Maiden (PA) Dh80,000 1,400m
Winner: JAP Almahfuz, Fernando Jara (jockey), Irfan Ellahi (trainer).
5.30pm: Handicap (PA) Dh90,000 1,400m
Winner: AF Momtaz, Antonio Fresu, Musabah Al Muhairi.
6pm: Handicap (TB) Dh100,000 1,400m
Winner: Yaalail, Fernando Jara, Ali Rashid Al Raihe.
6.30pm: Abu Dhabi Championship Listed (PA) Dh180,000 1,600m
Winner: Ihtesham, Szczepan Mazur, Ibrahim Al Hadhrami.
7pm: Wathba Stallions Cup Handicap (PA) Dh70,000 1,600m
Winner: Dahess D’Arabie, Fernando Jara, Helal Al Alawi.
7.30pm: Maiden (PA) Dh80,000 2.200m
Winner: Ezz Al Rawasi, Connor Beasley, Helal Al Alawi.
How green is the expo nursery?
Some 400,000 shrubs and 13,000 trees in the on-site nursery
An additional 450,000 shrubs and 4,000 trees to be delivered in the months leading up to the expo
Ghaf, date palm, acacia arabica, acacia tortilis, vitex or sage, techoma and the salvadora are just some heat tolerant native plants in the nursery
Approximately 340 species of shrubs and trees selected for diverse landscape
The nursery team works exclusively with organic fertilisers and pesticides
All shrubs and trees supplied by Dubai Municipality
Most sourced from farms, nurseries across the country
Plants and trees are re-potted when they arrive at nursery to give them room to grow
Some mature trees are in open areas or planted within the expo site
Green waste is recycled as compost
Treated sewage effluent supplied by Dubai Municipality is used to meet the majority of the nursery’s irrigation needs
Construction workforce peaked at 40,000 workers
About 65,000 people have signed up to volunteer
Main themes of expo is ‘Connecting Minds, Creating the Future’ and three subthemes of opportunity, mobility and sustainability.
Expo 2020 Dubai to open in October 2020 and run for six months
GULF MEN'S LEAGUE
Pool A Dubai Hurricanes, Bahrain, Dubai Exiles, Dubai Tigers 2
Pool B Abu Dhabi Harlequins, Jebel Ali Dragons, Dubai Knights Eagles, Dubai Tigers
Opening fixtures
Thursday, December 5
6.40pm, Pitch 8, Abu Dhabi Harlequins v Dubai Knights Eagles
7pm, Pitch 2, Jebel Ali Dragons v Dubai Tigers
7pm, Pitch 4, Dubai Hurricanes v Dubai Exiles
7pm, Pitch 5, Bahrain v Dubai Eagles 2
Recent winners
2018 Dubai Hurricanes
2017 Dubai Exiles
2016 Abu Dhabi Harlequins
2015 Abu Dhabi Harlequins
2014 Abu Dhabi Harlequins
MATCH INFO
Norwich City 0 Southampton 3 (Ings 49', Armstrong 54', Redmond 79')
The specs
Price, base / as tested Dh1,100,000 (est)
Engine 5.2-litre V10
Gearbox seven-speed dual clutch
Power 630bhp @ 8,000rpm
Torque 600Nm @ 6,500rpm
Fuel economy, combined 15.7L / 100km (est)
F1 line ups in 2018
Mercedes-GP Lewis Hamilton and Valtteri Bottas; Ferrari Sebastian Vettel and Kimi Raikkonen; Red Bull Daniel Ricciardo and Max Verstappen; Force India Esteban Ocon and Sergio Perez; Renault Nico Hülkenberg and Carlos Sainz Jr; Williams Lance Stroll and Felipe Massa / Robert Kubica / Paul di Resta; McLaren Fernando Alonso and Stoffel Vandoorne; Toro Rosso TBA; Haas F1 Romain Grosjean and Kevin Magnussen; Sauber TBA
Indoor Cricket World Cup
Venue Insportz, Dubai, September 16-23
UAE squad Saqib Nazir (captain), Aaqib Malik, Fahad Al Hashmi, Isuru Umesh, Nadir Hussain, Sachin Talwar, Nashwan Nasir, Prashath Kumara, Ramveer Rai, Sameer Nayyak, Umar Shah, Vikrant Shetty
The specs: 2019 Aston Martin DBS Superleggera
Price, base: Dh1.2 million
Engine: 5.2-litre twin-turbo V12
Transmission: Eight-speed automatic
Power: 725hp @ 6,500pm
Torque: 900Nm @ 1,800rpm
Fuel economy, combined: 12.3L / 100km (estimate)
THE LOWDOWN
Romeo Akbar Walter
Rating: 2/5 stars
Produced by: Dharma Productions, Azure Entertainment
Directed by: Robby Grewal
Cast: John Abraham, Mouni Roy, Jackie Shroff and Sikandar Kher
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.”
List of alleged parties
May 15 2020: PM and Carrie attend 'work meeting' with at
least 17 staff members
May 20 2020: PM and Carrie attend 'bring your own booze'
party
Nov 27 2020: PM gives speech at leaving do for his staff
Dec 10 2020: Staff party held by then-education secretary
Gavin Williamson
Dec 13 2020: PM and Carrie throw a flat party
Dec 14 2020: London mayor candidate Shaun Bailey holds staff party at Conservative
Party headquarters
Dec 15 2020: PM takes part in a staff quiz
Dec 18 2020: Downing Street Christmas party