MONTE CARLO // Even against the glamourous backdrop of Monaco, with its sheer cliff-faces and its shimmering yachts, the tiring issue of Pirelli tyres threatens to spoil the Formula One party.
Sunday's street race is the sixth contest of a tumultuous season in which no team is yet fully capable of extracting the maximum out of their car.
Sebastian Vettel, leader of the world championship, has been critical. Fernando Alonso, winner last time out in Spain, said something has to change. Paul Hembery, motorsport director for the tyre manufacturers, said his company has got it wrong.
So as the F1 fraternity arrived ahead of today's opening practice day, it was tyres that dominated conversation: How crucial will they prove this weekend and is qualifying on this narrow, winding street circuit as important as in previous years or will worn tyres produce a jumble of pit-stops on race day?
Red Bull Racing, the three-time constructors' champions and current leaders, have essentially been accused by rivals Ferrari of sour grapes for their continual complaints of Pirelli's compounds.
Yesterday, speaking aboard his team's vast, floating motorhome that is docked in the Monaco harbour, Mark Webber countered that "I don't think anybody is comfortable with these tyres".
"Ferrari have a had a couple of good results, which is great [for them]," he said. "But in general whether we have a car race when cars are racing each other and racing hard and constantly pressuring each other and racing in that top form, that is bit more entertaining. That is where we have to fine-tune things."
Vettel, Webber's teammate, attempted an analogy to explain his point of view.
"If you compare it to skiing, the skis allow the skiers to go really quick around the corners, but you need to be brave enough and strong enough to go that quickly," Vettel said.
"Now imagine, the following year, you have wooden skis: the guy who was not that good in the first place is now doing better than he probably should. I'm not saying the people who are at the front shouldn't be there, but rather what I mean is the sport and racing has changed a lot."
Traditionally, qualifying has proved pivotal here.
Only once in the past nine years has the Monaco Grand Prix been won by a driver who did not start on pole position. With excessively quick-wearing tyres, there is talk that such predictability might no longer be the case.
Lewis Hamilton was the last non-polesitter to win when he triumphed in 2008. He is not, however, hopeful of a rerun.
"I think that if you were just watching last year, it's very difficult to overtake," Hamilton said. "Mark won it and just controlled it from the front.
"Overtaking is very, very difficult here as I proved a couple of years ago. If you're able to get out in front, it's more than likely if you're able to manage your tyres that you can stay there. Definitely."
Webber has actually won from pole twice in the past three years and agreed with the Mercedes-GP driver, adding the advantage of starting at the front is unlikely to disappear just because of tyre degradation.
"We'll be shooting for pole because it puts you in a position where you can be in charge," he said.
"It's like serving in tennis - you're in control of what is going on to a larger degree."
Essentially, nobody knows how the tyres will react. Their performance is impacted by weather, track temperature, circuit configuration and many other particulars. In the first five races, we have seen three different winners, yet only once has a driver on pole position successfully converted.
Fortunately for those tired of tyre talk, there are plenty of distractions away from the track with the Mediterranean glinting on the horizon, the beautiful buildings perched on the top of the cliffs and the glamourous celebrities expected to turn out this weekend.
Although even then, Webber remains slightly chagrined: "I think it's a very dramatic backdrop and to have a race here is exceptional, but the small dogs in hand bags and all that stuff is not really my thing, mate," he said with a shrug of his shoulders.
For some, even the glitz can be tiring sometimes.
gmeenaghan@thenational.ae
Follow us
@SprtNationalUAE
UK’s AI plan
- AI ambassadors such as MIT economist Simon Johnson, Monzo cofounder Tom Blomfield and Google DeepMind’s Raia Hadsell
- £10bn AI growth zone in South Wales to create 5,000 jobs
- £100m of government support for startups building AI hardware products
- £250m to train new AI models
Mohammed bin Zayed Majlis
Election pledges on migration
CDU: "Now is the time to control the German borders and enforce strict border rejections"
SPD: "Border closures and blanket rejections at internal borders contradict the spirit of a common area of freedom"
A cheaper choice
Vanuatu: $130,000
Why on earth pick Vanuatu? Easy. The South Pacific country has no income tax, wealth tax, capital gains or inheritance tax. And in 2015, when it was hit by Cyclone Pam, it signed an agreement with the EU that gave it some serious passport power.
Cost: A minimum investment of $130,000 for a family of up to four, plus $25,000 in fees.
Criteria: Applicants must have a minimum net worth of $250,000. The process take six to eight weeks, after which the investor must travel to Vanuatu or Hong Kong to take the oath of allegiance. Citizenship and passport are normally provided on the same day.
Benefits: No tax, no restrictions on dual citizenship, no requirement to visit or reside to retain a passport. Visa-free access to 129 countries.
How will Gen Alpha invest?
Mark Chahwan, co-founder and chief executive of robo-advisory firm Sarwa, forecasts that Generation Alpha (born between 2010 and 2024) will start investing in their teenage years and therefore benefit from compound interest.
“Technology and education should be the main drivers to make this happen, whether it’s investing in a few clicks or their schools/parents stepping up their personal finance education skills,” he adds.
Mr Chahwan says younger generations have a higher capacity to take on risk, but for some their appetite can be more cautious because they are investing for the first time. “Schools still do not teach personal finance and stock market investing, so a lot of the learning journey can feel daunting and intimidating,” he says.
He advises millennials to not always start with an aggressive portfolio even if they can afford to take risks. “We always advise to work your way up to your risk capacity, that way you experience volatility and get used to it. Given the higher risk capacity for the younger generations, stocks are a favourite,” says Mr Chahwan.
Highlighting the role technology has played in encouraging millennials and Gen Z to invest, he says: “They were often excluded, but with lower account minimums ... a customer with $1,000 [Dh3,672] in their account has their money working for them just as hard as the portfolio of a high get-worth individual.”
TEACHERS' PAY - WHAT YOU NEED TO KNOW
Pay varies significantly depending on the school, its rating and the curriculum. Here's a rough guide as of January 2021:
- top end schools tend to pay Dh16,000-17,000 a month - plus a monthly housing allowance of up to Dh6,000. These tend to be British curriculum schools rated 'outstanding' or 'very good', followed by American schools
- average salary across curriculums and skill levels is about Dh10,000, recruiters say
- it is becoming more common for schools to provide accommodation, sometimes in an apartment block with other teachers, rather than hand teachers a cash housing allowance
- some strong performing schools have cut back on salaries since the pandemic began, sometimes offering Dh16,000 including the housing allowance, which reflects the slump in rental costs, and sheer demand for jobs
- maths and science teachers are most in demand and some schools will pay up to Dh3,000 more than other teachers in recognition of their technical skills
- at the other end of the market, teachers in some Indian schools, where fees are lower and competition among applicants is intense, can be paid as low as Dh3,000 per month
- in Indian schools, it has also become common for teachers to share residential accommodation, living in a block with colleagues
%3Cp%3E%3Ca%20href%3D%22https%3A%2F%2Fwww.thenationalnews.com%2Fbusiness%2Feconomy%2Fislamic-economy-consumer-spending-to-increase-45-to-3-2tn-by-2024-1.936583%22%20target%3D%22_self%22%3EGlobal%20Islamic%20economy%20to%20grow%203.1%25%20to%20touch%20%242.4%20trillion%20by%202024%3C%2Fa%3E%26nbsp%3B%3C%2Fp%3E%0A%3Cp%3E%3Ca%20href%3D%22https%3A%2F%2Fwww.thenationalnews.com%2Fbusiness%2Feconomy%2Fuk-economy-plunges-into-worst-ever-recession-after-record-20-4-contraction-1.1062560%22%20target%3D%22_self%22%3EUK%20economy%20plunges%20into%20worst-ever%20recession%20after%20record%2020.4%25%20contraction%3C%2Fa%3E%3C%2Fp%3E%0A%3Cp%3E%3Ca%20href%3D%22https%3A%2F%2Fwww.thenationalnews.com%2Fbusiness%2Feconomy%2Fislamic-economy-consumer-spending-to-increase-45-to-3-2tn-by-2024-1.936583%22%20target%3D%22_self%22%3EIslamic%20economy%20consumer%20spending%20to%20increase%2045%25%20to%20%243.2tn%20by%202024%3C%2Fa%3E%3C%2Fp%3E%0A
Our legal consultant
Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
WandaVision
Starring: Elizabeth Olsen, Paul Bettany
Directed by: Matt Shakman
Rating: Four stars
Tips to keep your car cool
- Place a sun reflector in your windshield when not driving
- Park in shaded or covered areas
- Add tint to windows
- Wrap your car to change the exterior colour
- Pick light interiors - choose colours such as beige and cream for seats and dashboard furniture
- Avoid leather interiors as these absorb more heat
COMPANY%20PROFILE%20
%3Cp%3EName%3A%20DarDoc%3Cbr%3EBased%3A%20Abu%20Dhabi%3Cbr%3EFounders%3A%20Samer%20Masri%2C%20Keswin%20Suresh%3Cbr%3ESector%3A%20HealthTech%3Cbr%3ETotal%20funding%3A%20%24800%2C000%3Cbr%3EInvestors%3A%20Flat6Labs%2C%20angel%20investors%20%2B%20Incubated%20by%20Hub71%2C%20Abu%20Dhabi's%20Department%20of%20Health%3Cbr%3ENumber%20of%20employees%3A%2010%3C%2Fp%3E%0A
Explainer: Tanween Design Programme
Non-profit arts studio Tashkeel launched this annual initiative with the intention of supporting budding designers in the UAE. This year, three talents were chosen from hundreds of applicants to be a part of the sixth creative development programme. These are architect Abdulla Al Mulla, interior designer Lana El Samman and graphic designer Yara Habib.
The trio have been guided by experts from the industry over the course of nine months, as they developed their own products that merge their unique styles with traditional elements of Emirati design. This includes laboratory sessions, experimental and collaborative practice, investigation of new business models and evaluation.
It is led by British contemporary design project specialist Helen Voce and mentor Kevin Badni, and offers participants access to experts from across the world, including the likes of UK designer Gareth Neal and multidisciplinary designer and entrepreneur, Sheikh Salem Al Qassimi.
The final pieces are being revealed in a worldwide limited-edition release on the first day of Downtown Designs at Dubai Design Week 2019. Tashkeel will be at stand E31 at the exhibition.
Lisa Ball-Lechgar, deputy director of Tashkeel, said: “The diversity and calibre of the applicants this year … is reflective of the dynamic change that the UAE art and design industry is witnessing, with young creators resolute in making their bold design ideas a reality.”
PROFILE OF STARZPLAY
Date started: 2014
Founders: Maaz Sheikh, Danny Bates
Based: Dubai, UAE
Sector: Entertainment/Streaming Video On Demand
Number of employees: 125
Investors/Investment amount: $125 million. Major investors include Starz/Lionsgate, State Street, SEQ and Delta Partners
Desert Warrior
Starring: Anthony Mackie, Aiysha Hart, Ben Kingsley
Director: Rupert Wyatt
Rating: 3/5