Max Verstappen drove his way into the Formula One history books by taking his 10th-consecutive victory at Sunday’s Italian Grand Prix.
Verstappen sat behind Carlos Sainz for 14 of the 51 laps at Monza’s "Temple of Speed" before fighting his way past the Ferrari pole-sitter at the second chicane.
From there, the Dutchman never looked back to better the mark he shared with Sebastian Vettel and become the first driver in Formula One to reach double figures for straight victories.
Sergio Perez finished second in the other Red Bull, while Sainz held off teammate Charles Leclerc in a tantalising late battle between the Ferrari drivers to take the final spot on the podium.
George Russell finished fifth with Lewis Hamilton, who served a five-second penalty for colliding with McLaren’s Oscar Piastri, sixth.
“That is history,” said Red Bull team principal Christian Horner to his superstar driver. “Unbelievable.”
“I never would have believed that the record was possible but we had to work for it today, that definitely made it a little bit more tough,” said Verstappen.
"I was trying to stay patient. It was a very long race. I could see they were sliding a lot with the rear tyres so I just had to pick my moment."
Verstappen’s 12th win from the 14 rounds so far moves him 145 points clear in the championship.
Unbeaten since the Azerbaijan Grand Prix on April 30, there remains an outside chance the 25-year-old could be crowned champion of the world for a third time as early as the Japanese Grand Prix in three weeks with half-a-dozen rounds still remaining.
Sainz lit up Ferrari’s home track by taking pole position and kept the dream alive of a victory in front of the Italian team’s 80,000-strong crowd by holding off Verstappen on the 500-metre drag to the opening Variante del Rettifilo.
Verstappen was the filling in a Ferrari sandwich with Leclerc maintaining third spot ahead of Mercedes’ Russell and Perez. Hamilton started eighth but dropped one position on the first lap.
Such has been the superiority of Verstappen’s Red Bull machine this year, Sainz was expected to be easy prey for the all-conquering Dutchman.
But to Verstappen’s surprise, Sainz was not prepared to make life easy for the double world champion.
On lap six, Verstappen was handed his first opportunity, drawing alongside Sainz on the 220mph run to the first chicane, only for the Spaniard to slam the door in his face.
“That was naughty,” said Verstappen. Three laps later, Verstappen was back on the intercom. “They have a lot of top speed,” he said.
Verstappen sensed another chance to take the lead on lap 15.
A defensive Sainz locked up at the Variante del Rettifilo, handing Verstappen the exit speed on the 200mph charge to the Variante della Roggia.
The Red Bull and Ferrari machines were separated by mere centimetres as they went toe-to-toe into the second chicane before Verstappen, benefiting from the inside line, emerged in the lead.
Remarkably, Sainz’s 14 laps in the lead was the highest in any event this season by a non-Red Bull driver. The team from Milton Keynes could yet become the first team to go an entire campaign unbeaten with eight races to run.
On lap 16, Perez moved up to fourth with Russell – struggling for top-line speed in his Mercedes – unable to keep the Red Bull behind.
With Verstappen cruising imperiously to victory, Perez moved up third after seeing off Leclerc.
The Mexican set about passing Sainz, and, after a number of failed attempts, he finally blasted past the Ferrari with five laps remaining to ensure a one-two for Red Bull.
After emerging from his tyre stop in 10th, Hamilton moved ahead of Fernando Alonso before banging wheels with Piastri in the battle for eighth.
Hamilton was hit with a penalty for the incident at the Variante della Roggia as Piastri pitted for a new front wing.
“He just turned across me under braking,” bemoaned the Australian rookie.
Undeterred by his sanction, Hamilton then raced ahead of Lando Norris before moving past Alex Albon’s Williams to take sixth, finishing 7.4 seconds clear to ensure his penalty had no impact on his result.
Albon finished seventh ahead of Norris, with Alonso ninth.
COMPANY%20PROFILE
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Teaching in coronavirus times
PROFILE
Name: Enhance Fitness
Year started: 2018
Based: UAE
Employees: 200
Amount raised: $3m
Investors: Global Ventures and angel investors
COMPANY%20PROFILE%20
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AUSTRALIA SQUAD
Aaron Finch, Matt Renshaw, Brendan Doggett, Michael Neser, Usman Khawaja, Shaun Marsh, Mitchell Marsh, Tim Paine (captain), Travis Head, Marnus Labuschagne, Nathan Lyon, Jon Holland, Ashton Agar, Mitchell Starc, Peter Siddle
RESULT
Wolves 1 (Traore 67')
Tottenham 2 (Moura 8', Vertonghen 90 1')
Man of the Match: Adama Traore (Wolves)
Dhadak
Director: Shashank Khaitan
Starring: Janhvi Kapoor, Ishaan Khattar, Ashutosh Rana
Stars: 3
COMPANY%20PROFILE
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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.”
PSA DUBAI WORLD SERIES FINALS LINE-UP
Men’s:
Mohamed El Shorbagy (EGY)
Ali Farag (EGY)
Simon Rosner (GER)
Tarek Momen (EGY)
Miguel Angel Rodriguez (COL)
Gregory Gaultier (FRA)
Karim Abdel Gawad (EGY)
Nick Matthew (ENG)
Women's:
Nour El Sherbini (EGY)
Raneem El Welily (EGY)
Nour El Tayeb (EGY)
Laura Massaro (ENG)
Joelle King (NZE)
Camille Serme (FRA)
Nouran Gohar (EGY)
Sarah-Jane Perry (ENG)
Dunki
%3Cp%3E%3Cstrong%3EDirector%3A%3C%2Fstrong%3E%20Rajkumar%20Hirani%C2%A0%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarring%3A%3C%2Fstrong%3E%20Shah%20Rukh%20Khan%2C%20Taapsee%20Pannu%2C%20Vikram%20Kochhar%20and%20Anil%20Grover%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%204%2F5%3C%2Fp%3E%0A
Schedule for show courts
Centre Court - from 4pm UAE time
Johanna Konta (6) v Donna Vekic
Andy Murray (1) v Dustin Brown
Rafael Nadal (4) v Donald Young
Court 1 - from 4pm UAE time
Kei Nishikori (9) v Sergiy Stakhovsky
Qiang Wang v Venus Williams (10)
Beatriz Haddad Maia v Simona Halep (2)
Court 2 - from 2.30pm
Heather Watson v Anastasija Sevastova (18)
Jo-Wilfried Tsonga (12) v Simone Bolelli
Florian Mayer v Marin Cilic (7)
Company%20Profile
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Starring: Jamie Foxx, Angela Bassett, Tina Fey
Directed by: Pete Doctor
Rating: 4 stars
Fines for littering
In Dubai:
Dh200 for littering or spitting in the Dubai Metro
Dh500 for throwing cigarette butts or chewing gum on the floor, or littering from a vehicle.
Dh1,000 for littering on a beach, spitting in public places, throwing a cigarette butt from a vehicle
In Sharjah and other emirates
Dh500 for littering - including cigarette butts and chewing gum - in public places and beaches in Sharjah
Dh2,000 for littering in Sharjah deserts
Dh500 for littering from a vehicle in Ras Al Khaimah
Dh1,000 for littering from a car in Abu Dhabi
Dh1,000 to Dh100,000 for dumping waste in residential or public areas in Al Ain
Dh10,000 for littering at Ajman's beaches