Red Bull's Max Verstappen struck a major blow in the Formula One title battle by winning a wet and chaotic Brazilian Grand Prix, despite having started the race 17th on the grid.
A poor qualifying display and engine penalty meant Verstappen began Sunday's round with only three cars behind him.
But he assumed the lead of the race on lap 43 of 69 and never looked back in the treacherous conditions to claim a remarkable win that edges him ever closer to a fourth consecutive title.
It was the Dutchman's first victory in 10 races lifting him 62 points clear of Lando Norris – a fatal blow with just three rounds and 86 points to fight for in the last three races – meaning Verstappen will wrap up the title at the next race in Las Vegas on November 24 if he finishes ahead of his rival.
The Formula One circus then heads to the Middle East for the Qatar GP followed by the season-ending Etihad Airways Abu Dhabi Grand Prix at Yas Marina on December 8.
Verstappen becomes the first driver since Kimi Raikkonen 19 years ago to win a race from as far back on the grid, taking the chequered flag an extraordinary 19.4 seconds clear of French duo Esteban Ocon and Pierre Gasly, who were a surprise second and third for Alpine.
George Russell was fourth, one spot ahead of Ferrari's Charles Leclerc. Norris, who started from pole position, finished only sixth on a desperately disappointing afternoon for the British driver in Sao Paulo.
“My emotions today have been a rollercoaster, with qualifying being really unlucky with that red flag, starting P17 I knew that was going to be a very tough race,” said Verstappen, who also secured the fastest lap extra point.
“We stayed out of trouble, we made the right calls and stayed calm and we were flying so all of these things together made that result possible but I mean unbelievable, to win here from so far back on the grid.”
It was also a remarkable race for Alpine who secured a stunning points bonanza that rocketed the team from ninth to sixth in the constructors' standings.
“What a day that was after the difficult season, it's really nice to be driving here and having the performance levelled out in the rain,” said Ocon. “Someone, very important to all of us, said a long time ago that in the rain the cars are almost equal. That phrase didn't age at all.
“The car was extremely difficult on the dry and it felt at ease when it started to rain. I really wanted to get some laps in the rain. I love it here in the rain. Today has brought a special race for us.”
Teammate Gasly hailed an “incredible” result for the team. “We’ve had such a tough season and we’ve struggled to score points,” he said.
“In these conditions everything was possible and no one believed it until the end, two cars on the podium, I don’t think anyone would have got that on their bingo card, it’s just fantastic.”
After a wet and wild qualifying, Lance Stroll set the tone when he spun off in his Aston Martin on the formation lap, leading to a delayed second start before which Norris led away without a green light and, along with Russell and both RB drivers, faced a post-race investigation.
The big Sunday crowd, part of an Interlagos weekend record of 291,717 waited patiently as Norris finally led a third formation lap before Russell beat him at the start.
Norris tucked into second ahead of Yuki Tsunoda on a frantic opening lap that saw Verstappen climb from 17th to 11th, passing Hamilton for 10th on lap two as light rain fell. By Lap six, Verstappen was eighth.
By Lap 11, Verstappen was sixth and clearly the fastest man on track. As heavy rain arrived, Leclerc pitted and fell to 11th, Lawson slid off and Nico Hulkenberg pitted before beaching his Haas, prompting a Virtual Safety Car on Lap 28.
The German recovered, with aid, to re-join for which he was disqualified.
Another round of pit-stops left Ocon leading ahead of Verstappen, who stayed out to gain a tactical advantage, as Norris passed Russell for fourth behind Gasly as a Safety Car was deployed again before being red-flagged on Lap 33 when Colapinto smacked the barriers at Turn 14.
“I guess everyone can just change tyres for free now,” said a glum Norris realising Verstappen had been given a cost-free pit-stop that transformed the race.
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Scoreline
Saudi Arabia 1-0 Japan
Saudi Arabia Al Muwallad 63’
Our legal consultants
Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
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.”
The specs
Engine: 2.0-litre 4cyl turbo
Power: 261hp at 5,500rpm
Torque: 405Nm at 1,750-3,500rpm
Transmission: 9-speed auto
Fuel consumption: 6.9L/100km
On sale: Now
Price: From Dh117,059
Day 3, Dubai Test: At a glance
Moment of the day Lahiru Gamage, the Sri Lanka pace bowler, has had to play a lot of cricket to earn a shot at the top level. The 29-year-old debutant first played a first-class game 11 years ago. His first Test wicket was one to savour, bowling Pakistan opener Shan Masood through the gate. It set the rot in motion for Pakistan’s batting.
Stat of the day – 73 Haris Sohail took 73 balls to hit a boundary. Which is a peculiar quirk, given the aggressive intent he showed from the off. Pakistan’s batsmen were implored to attack Rangana Herath after their implosion against his left-arm spin in Abu Dhabi. Haris did his best to oblige, smacking the second ball he faced for a huge straight six.
The verdict One year ago, when Pakistan played their first day-night Test at this ground, they held a 222-run lead over West Indies on first innings. The away side still pushed their hosts relatively close on the final night. With the opposite almost exactly the case this time around, Pakistan still have to hope they can salvage a win from somewhere.
Real estate tokenisation project
Dubai launched the pilot phase of its real estate tokenisation project last month.
The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.
Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.
LAST-16 FIXTURES
Sunday, January 20
3pm: Jordan v Vietnam at Al Maktoum Stadium, Dubai
6pm: Thailand v China at Hazza bin Zayed Stadium, Al Ain
9pm: Iran v Oman at Mohamed bin Zayed Stadium, Abu Dhabi
Monday, January 21
3pm: Japan v Saudi Arabia at Sharjah Stadium
6pm: Australia v Uzbekistan at Khalifa bin Zayed Stadium, Al Ain
9pm: UAE v Kyrgyzstan at Zayed Sports City Stadium, Abu Dhabi
Tuesday, January 22
5pm: South Korea v Bahrain at Rashid Stadium, Dubai
8pm: Qatar v Iraq at Al Nahyan Stadium, Abu Dhabi
The President's Cake
Director: Hasan Hadi
Starring: Baneen Ahmad Nayyef, Waheed Thabet Khreibat, Sajad Mohamad Qasem
Rating: 4/5
More from Neighbourhood Watch
TCL INFO
Teams:
Punjabi Legends Owners: Inzamam-ul-Haq and Intizar-ul-Haq; Key player: Misbah-ul-Haq
Pakhtoons Owners: Habib Khan and Tajuddin Khan; Key player: Shahid Afridi
Maratha Arabians Owners: Sohail Khan, Ali Tumbi, Parvez Khan; Key player: Virender Sehwag
Bangla Tigers Owners: Shirajuddin Alam, Yasin Choudhary, Neelesh Bhatnager, Anis and Rizwan Sajan; Key player: TBC
Colombo Lions Owners: Sri Lanka Cricket; Key player: TBC
Kerala Kings Owners: Hussain Adam Ali and Shafi Ul Mulk; Key player: Eoin Morgan
Venue Sharjah Cricket Stadium
Format 10 overs per side, matches last for 90 minutes
When December 14-17
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The drill
Recharge as needed, says Mat Dryden: “We try to make it a rule that every two to three months, even if it’s for four days, we get away, get some time together, recharge, refresh.” The couple take an hour a day to check into their businesses and that’s it.
Stick to the schedule, says Mike Addo: “We have an entire wall known as ‘The Lab,’ covered with colour-coded Post-it notes dedicated to our joint weekly planner, content board, marketing strategy, trends, ideas and upcoming meetings.”
Be a team, suggests Addo: “When training together, you have to trust in each other’s abilities. Otherwise working out together very quickly becomes one person training the other.”
Pull your weight, says Thuymi Do: “To do what we do, there definitely can be no lazy member of the team.”
Where to apply
Applicants should send their completed applications - CV, covering letter, sample(s) of your work, letter of recommendation - to Nick March, Assistant Editor in Chief at The National and UAE programme administrator for the Rosalynn Carter Fellowships for Mental Health Journalism, by 5pm on April 30, 2020.
Please send applications to nmarch@thenational.ae and please mark the subject line as “Rosalynn Carter Fellowship for Mental Health Journalism (UAE programme application)”.
The local advisory board will consider all applications and will interview a short list of candidates in Abu Dhabi in June 2020. Successful candidates will be informed before July 30, 2020.
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The bio
Job: Coder, website designer and chief executive, Trinet solutions
School: Year 8 pupil at Elite English School in Abu Hail, Deira
Role Models: Mark Zuckerberg and Elon Musk
Dream City: San Francisco
Hometown: Dubai
City of birth: Thiruvilla, Kerala
David Haye record
Total fights: 32
Wins: 28
Wins by KO: 26
Losses: 4
