Mikel Arteta hailed the performances of Bukayo Saka and Declan Rice after Arsenal thrashed West Ham 6-0 at the London Stadium.
Saka scored twice and Rice also found the net against his former club as the Gunners cruised to their biggest away win in the Premier League, with William Saliba, Gabriel and Leandro Trossard supplying the other goals.
Arteta's side stay third but are now behind second-placed Manchester City only on goals scored after wiping out a six-goal deficit on a memorable afternoon at the London Stadium.
“It’s great to make history and especially the way we’ve done it and the way we played,” Arteta told Sky Sports.
“We are in a good moment and when you have good moments you have to build and maintain the momentum.
“What [Saka's] done in the last two or three seasons is remarkable. His attitude, his quality and what he delivers every week is really difficult to find and that’s why he’s so important for us.
“It's always difficult to come back to your old club," added Arteta about Rice. "The fans were really good to him. When he went to take the corner they clapped him so it's great to see that kind of reception. He loves this club so much and I know what it meant to him to play today.”
A stunning first half saw the Gunners race into a 4-0 lead, thanks to goals from Saliba, Gabriel, Saka and Trossard, leaving the home crowd stunned.
Saka wove through the West Ham defence to score his second after the break, before Rice made it 6-0 with a superb strike from distance.
It is West Ham's heaviest home Premier League defeat and joint-heaviest of all time, along with a 8-2 loss against Blackburn in 1963/64.
“It's one of those days which you don't want to happen very often, and it happened today,” said manager David Moyes.
“It's not been like my teams in the past. I'll take a bit of time and look at it and see if I can fix it. I take the responsibility, I pick the team but the players have to take responsibility.
“It's really important we do those jobs really well. We will always try to be as well organised as we can be. Arsenal were very good – we mustn't take that away. We weren't good.
McTominay's late winner for Man United stuns Villa
Scott McTominay came off the bench to snatch a late winner for Manchester United in a 2-1 victory against Aston Villa.
The win keeps alive United’s hopes of a top-four Premier League finish to guarantee Champions League football next season.
Erik ten Hag's side now sit five points behind fifth-placed Villa, with Tottenham a point ahead of the Midlanders in fourth.
United took an early lead at Villa Park through Rasmus Hojlund, who now has five goals in five games.
The Dane opened the scoring in the 17th minute after Bruno Fernandes' corner was headed down by Harry Maguire and Hojlund, fractionally onside, slotted past Villa keeper Emiliano Martinez from six yards.
Douglas Luiz deservedly levelled for Villa in the 67th minute. United failed to deal with a corner and when keeper Andre Onana saved Clement Lenglet's close-range flick, Raphael Varane could only scuff the ball towards Leon Bailey.
The forward picked out a perfect pass to Luiz and the Brazilian fired home from five yards before celebrating in flamboyant style in front of Onana.
That set the stage for United's second late winner against Villa this season as McTominay came off the bench to head home Diogo Dalot’s fine cross with just four minutes left.
Afterwards McTominay told Sky Sports: "We started really well, but they are a really good team and came back into it and caused us problems. The guys at the back were immense, particularly Harry [Maguire] and Raphael [Varane]. It was a top-level performance and a deserved win in the end.
"I feel like as long as I'm fit and healthy I can come on to the pitch and perform. I don't take it personally, I just want to come in and try and do the best I can for this. Long may it continue.
"Every game you win is massive for taking a step forward and confidence for the boys. It is all positive but it is about repeating it and not getting too far ahead of ourselves when we win a few. We've got to repeat it now."
Villa manager Unai Emery said: "I'm very proud of our work and of the players. We created chances but we couldn't score some clear chances.
"The result is tough for us and difficult to accept but that is football."
Company Fact Box
Company name/date started: Abwaab Technologies / September 2019
Founders: Hamdi Tabbaa, co-founder and CEO. Hussein Alsarabi, co-founder and CTO
Based: Amman, Jordan
Sector: Education Technology
Size (employees/revenue): Total team size: 65. Full-time employees: 25. Revenue undisclosed
Stage: early-stage startup
Investors: Adam Tech Ventures, Endure Capital, Equitrust, the World Bank-backed Innovative Startups SMEs Fund, a London investment fund, a number of former and current executives from Uber and Netflix, among others.
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.”
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Will the pound fall to parity with the dollar?
The idea of pound parity now seems less far-fetched as the risk grows that Britain may split away from the European Union without a deal.
Rupert Harrison, a fund manager at BlackRock, sees the risk of it falling to trade level with the dollar on a no-deal Brexit. The view echoes Morgan Stanley’s recent forecast that the currency can plunge toward $1 (Dh3.67) on such an outcome. That isn’t the majority view yet – a Bloomberg survey this month estimated the pound will slide to $1.10 should the UK exit the bloc without an agreement.
New Prime Minister Boris Johnson has repeatedly said that Britain will leave the EU on the October 31 deadline with or without an agreement, fuelling concern the nation is headed for a disorderly departure and fanning pessimism toward the pound. Sterling has fallen more than 7 per cent in the past three months, the worst performance among major developed-market currencies.
“The pound is at a much lower level now but I still think a no-deal exit would lead to significant volatility and we could be testing parity on a really bad outcome,” said Mr Harrison, who manages more than $10 billion in assets at BlackRock. “We will see this game of chicken continue through August and that’s likely negative for sterling,” he said about the deadlocked Brexit talks.
The pound fell 0.8 per cent to $1.2033 on Friday, its weakest closing level since the 1980s, after a report on the second quarter showed the UK economy shrank for the first time in six years. The data means it is likely the Bank of England will cut interest rates, according to Mizuho Bank.
The BOE said in November that the currency could fall even below $1 in an analysis on possible worst-case Brexit scenarios. Options-based calculations showed around a 6.4 per cent chance of pound-dollar parity in the next one year, markedly higher than 0.2 per cent in early March when prospects of a no-deal outcome were seemingly off the table.
Bloomberg
The biog
Hometown: Cairo
Age: 37
Favourite TV series: The Handmaid’s Tale, Black Mirror
Favourite anime series: Death Note, One Piece and Hellsing
Favourite book: Designing Brand Identity, Fifth Edition
The rules on fostering in the UAE
A foster couple or family must:
- be Muslim, Emirati and be residing in the UAE
- not be younger than 25 years old
- not have been convicted of offences or crimes involving moral turpitude
- be free of infectious diseases or psychological and mental disorders
- have the ability to support its members and the foster child financially
- undertake to treat and raise the child in a proper manner and take care of his or her health and well-being
- A single, divorced or widowed Muslim Emirati female, residing in the UAE may apply to foster a child if she is at least 30 years old and able to support the child financially
From exhibitions to the battlefield
In 2016, the Shaded Dome was awarded with the 'De Vernufteling' people's choice award, an annual prize by the Dutch Association of Consulting Engineers and the Royal Netherlands Society of Engineers for the most innovative project by a Dutch engineering firm.
It was assigned by the Dutch Ministry of Defence to modify the Shaded Dome to make it suitable for ballistic protection. Royal HaskoningDHV, one of the companies which designed the dome, is an independent international engineering and project management consultancy, leading the way in sustainable development and innovation.
It is driving positive change through innovation and technology, helping use resources more efficiently.
It aims to minimise the impact on the environment by leading by example in its projects in sustainable development and innovation, to become part of the solution to a more sustainable society now and into the future.
BMW M5 specs
Engine: 4.4-litre twin-turbo V-8 petrol enging with additional electric motor
Power: 727hp
Torque: 1,000Nm
Transmission: 8-speed auto
Fuel consumption: 10.6L/100km
On sale: Now
Price: From Dh650,000
Most sought after workplace benefits in the UAE
- Flexible work arrangements
- Pension support
- Mental well-being assistance
- Insurance coverage for optical, dental, alternative medicine, cancer screening
- Financial well-being incentives
The specs
Engine: 2.2-litre, turbodiesel
Transmission: 6-speed auto
Power: 160hp
Torque: 385Nm
Price: Dh116,900
On sale: now
