Lewis Hamilton leads the Formula One championship for the first time this season after cruising to a record-breaking fifth victory at the Hungarian Grand Prix.
Hamilton led from start to finish in a race which he controlled from the very outset after overtaking pole-sitter Nico Rosberg on the long run down to Turn 1.
With just one more race to go before the summer break – next Sunday's German Grand Prix – Hamilton has moved six points clear of his Mercedes-GP teammate Rosberg in his quest for a hat-trick of consecutive titles.
Red Bull's Daniel Ricciardo joined Hamilton, now a winner in five of the Past six grands prix, and Rosberg on the podium after he finished a distant third.
Hamilton, the defending champion, believed he was robbed of a certain pole on Saturday night after he was forced to abort his final timed lap in qualifying following Fernando Alonso’s spin in his McLaren. The mistake by the Spaniard, and unfortunate timing for Hamilton, paved the way for Rosberg to start Sunday’s race from the front of the grid.
See also:
• Gallery: Lewis Hamilton takes chequered flag and F1 championship lead at Hungarian Grand Prix
• Graham Caygill: Lewis Hamilton in total control and oozing confidence
• Graham Caygill: Five takeaways from Hungarian GP qualifying session
• Sunday's cover: Nico Rosberg clinches pole position at Hungarian Grand Prix
• 'Signed, sealed, delivered': Nico Rosberg signs new Mercedes-GP deal
Yet despite a string of poor starts this season, it was Hamilton who outgunned his championship rival with a bold move on his teammate at the long, right-hander on the opening lap. Matters then got worse for Rosberg, who dropped to third behind Ricciardo, before he swept around the outside of the Red Bull with an impressive overtake at Turn 2.
But with passing largely impossible at the Hungaroring, Rosberg faced an uphill task of getting past Hamilton. And so it proved.
Hamilton controlled the race, even though at one stage he was told by his Mercedes team to pick up his pace, with Rosberg falling into Ricciardo’s clutches before the second and final round of pit stops.
“OK, Lewis, Ricciardo is about to get on the back of this train, so we really need to open this gap up,” Pete Bonnington, Hamilton’s engineer, said.
“I’m driving to the best of my ability with these tyres,” Hamilton replied. Bonnington added: “If the cars bunch up, we’ll be bringing Nico in first. The risk is we’re putting the win in jeopardy.”
Ricciardo pitted for a second time at the end of Lap 33, and suddenly Hamilton turned in his fastest laps of the race. When Hamilton and Rosberg then stopped for a second time eight and nine laps later respectively, they both emerged ahead of Ricciardo, and from there the race was all but over.
A frustrated Hamilton raised his middle finger at Esteban Gutierrez after he lost more than one second lapping the Mexican driver – indeed Gutierrez was hit with a five-second penalty for ignoring the blue flags – while the Briton also lost a small chunk of time after running wide in the closing stages. But in reality, his win was never under threat. Hamilton has now triumphed more times in Hungary than any other driver in the sport’s history.
Sebastian Vettel finished fourth for Ferrari while the Red Bull of Max Verstappen held off Kimi Raikkonen to finish sixth.
Jolyon Palmer appeared on course to earn the first point of his grand prix career following a sterling display, but the British rookie spun while running in 10th and dropped three places before crossing the line in 12th.
Jenson Button endured a miserable afternoon after a hydraulic issue in the opening laps dropped him to the back of the field.
He was told to continue which prompted a rather sarcastic reply from the 2009 world champion. “Fantastic,” he said. “Race from hell this is going to be.”
And it was, as he spent most of the race at the back of the field, before he retired with only a handful of laps remaining.
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MORE ON TURKEY'S SYRIA OFFENCE
What is Reform?
Reform is a right-wing, populist party led by Nigel Farage, a former MEP who won a seat in the House of Commons last year at his eighth attempt and a prominent figure in the campaign for the UK to leave the European Union.
It was founded in 2018 and originally called the Brexit Party.
Many of its members previously belonged to UKIP or the mainstream Conservatives.
After Brexit took place, the party focused on the reformation of British democracy.
Former Tory deputy chairman Lee Anderson became its first MP after defecting in March 2024.
The party gained support from Elon Musk, and had hoped the tech billionaire would make a £100m donation. However, Mr Musk changed his mind and called for Mr Farage to step down as leader in a row involving the US tycoon's support for far-right figurehead Tommy Robinson who is in prison for contempt of court.
The White Lotus: Season three
Creator: Mike White
Starring: Walton Goggins, Jason Isaacs, Natasha Rothwell
Rating: 4.5/5
Brief scores:
Everton 2
Walcott 21', Sigurdsson 51'
Tottenham 6
Son 27', 61', Alli 35', Kane 42', 74', Eriksen 48'
Man of the Match: Son Heung-min (Tottenham Hotspur)
At a glance
Global events: Much of the UK’s economic woes were blamed on “increased global uncertainty”, which can be interpreted as the economic impact of the Ukraine war and the uncertainty over Donald Trump’s tariffs.
Growth forecasts: Cut for 2025 from 2 per cent to 1 per cent. The OBR watchdog also estimated inflation will average 3.2 per cent this year
Welfare: Universal credit health element cut by 50 per cent and frozen for new claimants, building on cuts to the disability and incapacity bill set out earlier this month
Spending cuts: Overall day-to day-spending across government cut by £6.1bn in 2029-30
Tax evasion: Steps to crack down on tax evasion to raise “£6.5bn per year” for the public purse
Defence: New high-tech weaponry, upgrading HM Naval Base in Portsmouth
Housing: Housebuilding to reach its highest in 40 years, with planning reforms helping generate an extra £3.4bn for public finances
Don't get fined
The UAE FTA requires following to be kept:
- Records of all supplies and imports of goods and services
- All tax invoices and tax credit notes
- Alternative documents related to receiving goods or services
- All tax invoices and tax credit notes
- Alternative documents issued
- Records of goods and services that have been disposed of or used for matters not related to business
In numbers
1,000 tonnes of waste collected daily:
- 800 tonnes converted into alternative fuel
- 150 tonnes to landfill
- 50 tonnes sold as scrap metal
800 tonnes of RDF replaces 500 tonnes of coal
Two conveyor lines treat more than 350,000 tonnes of waste per year
25 staff on site
COMPANY%20PROFILE
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About Proto21
Date started: May 2018
Founder: Pir Arkam
Based: Dubai
Sector: Additive manufacturing (aka, 3D printing)
Staff: 18
Funding: Invested, supported and partnered by Joseph Group
Test
Director: S Sashikanth
Cast: Nayanthara, Siddharth, Meera Jasmine, R Madhavan
Star rating: 2/5
MATCH INFO
Crawley Town 3 (Tsaroulla 50', Nadesan 53', Tunnicliffe 70')
Leeds United 0
COMPANY PROFILE
● Company: Bidzi
● Started: 2024
● Founders: Akshay Dosaj and Asif Rashid
● Based: Dubai, UAE
● Industry: M&A
● Funding size: Bootstrapped
● No of employees: Nine
Why seagrass matters
- Carbon sink: Seagrass sequesters carbon up to 35X faster than tropical rainforests
- Marine nursery: Crucial habitat for juvenile fish, crustations, and invertebrates
- Biodiversity: Support species like sea turtles, dugongs, and seabirds
- Coastal protection: Reduce erosion and improve water quality
The National's picks
4.35pm: Tilal Al Khalediah
5.10pm: Continous
5.45pm: Raging Torrent
6.20pm: West Acre
7pm: Flood Zone
7.40pm: Straight No Chaser
8.15pm: Romantic Warrior
8.50pm: Calandogan
9.30pm: Forever Young
THE%20SWIMMERS
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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.”
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
Killing of Qassem Suleimani
What's in the deal?
Agreement aims to boost trade by £25.5bn a year in the long run, compared with a total of £42.6bn in 2024
India will slash levies on medical devices, machinery, cosmetics, soft drinks and lamb.
India will also cut automotive tariffs to 10% under a quota from over 100% currently.
Indian employees in the UK will receive three years exemption from social security payments
India expects 99% of exports to benefit from zero duty, raising opportunities for textiles, marine products, footwear and jewellery
Countries offering golden visas
UK
Innovator Founder Visa is aimed at those who can demonstrate relevant experience in business and sufficient investment funds to set up and scale up a new business in the UK. It offers permanent residence after three years.
Germany
Investing or establishing a business in Germany offers you a residence permit, which eventually leads to citizenship. The investment must meet an economic need and you have to have lived in Germany for five years to become a citizen.
Italy
The scheme is designed for foreign investors committed to making a significant contribution to the economy. Requires a minimum investment of €250,000 which can rise to €2 million.
Switzerland
Residence Programme offers residence to applicants and their families through economic contributions. The applicant must agree to pay an annual lump sum in tax.
Canada
Start-Up Visa Programme allows foreign entrepreneurs the opportunity to create a business in Canada and apply for permanent residence.