The word "Google" started out as a proper noun, but it ended up a verb. That's hardly surprising, given that it's more convenient to say "Google" than "use a search engine", and everyone knows what it means.
Google, however, isn't keen on us doing this; after all, history provides many examples of companies that lost trademarks when they lapsed into generic use (aspirin and trampoline among them). But when a US court ruled in 2017 that Google could keep its trademark, its reasoning was clear: people don't use "Google" to mean any search engine. They use it to mean Google.
It may not be quite a monopoly, but the platform handles 92 per cent of the world's search queries. Its nearest competitor, Bing, has a mere 2.6 per cent market share.
A 'private' search alternative
So, given Google's massive dominance, you might wonder why anyone would bother launching a competitor. But Brave, a web browser dedicated to the privacy of users, has announced a plan to do exactly that. It believes there's demand for a platform that does not track searches or build profiles of its users. Brave Search, as it'll be known, is billed as the "the first private alternative to Google Search", with a completely independent index and a no-snooping guarantee. The big question is whether we care enough about our privacy to change what has become an instinctive habit: to Google things.
Opinions differ as to how Google reached its dominant position. The company believes it's a superior product that does its job brilliantly. Others allege that Google has used anticompetitive behaviour to force its search engine upon us. That allegation forms the basis of a lawsuit filed against the company by the US Department of Justice.
What’s abundantly clear is that the competition is meagre. Discounting country-specific tools such as Baidu in China and Naver in South Korea, smaller search engines are all either powered by Google or Bing. Among those are two privacy-focused engines, DuckDuckGo and the French-built Qwant, which both use Bing to deliver results.
They, along with Brave, would contend that Google's near-monopoly is damaging. DuckDuckGo's chief executive, Gabriel Weinberg, describes Google's approach as a "surveillance business model", whereby the accumulation of personal data is used to make money through evermore accurately targeted advertising.
Former US assistant attorney general Makan Delrahim says the fact that the product is free does not matter; this, he says, is about "consumer welfare". That welfare could encompass the way Google's model causes advertisements to follow us around the internet, or the filter bubble that allows Google to serve search results it believes we're likely to click on, rather than the ones we might actually want.
How will Brave work?
Unlike DuckDuckGo and Qwant, Brave is entering the fray with its own search engine, built from the ground up. The task of constructing an index as comprehensive as Google’s is an insurmountable challenge, so it’s taking a different approach: to anonymously analyse searches and clicks to build up a picture of what’s relevant.
"What we're trying to do is different, it's not based on crawling the web," Brave chief executive Brendan Eich told technology website The Register. Brave's system can detect "when you don't convert on the search, and you leave the results page, and you find the better results through some number of clicks". Those clicks improve the engine – and they can't be traced. "There's no way to say this query was from the same user as that query," he said.
The company is combining this with a technology called Goggles (unrelated to the Google spectacles of the same name), which uses the Brave community to maintain filters of preferred information sources. So, instead of using Brave to search the entire web, you look for one of those filters instead. A paper produced by Brave gives examples of such filters: "Product reviews without commercial intent," "Nature lovers in the Pyrenees," "Recipe search that my mum likes," and so on.
The question is whether a restricted search such as this is as valuable as the exhaustive, web-wide index that Google provides. James Temperton, digital editor at Wired UK, believes it is.
"Most of the things I search for are easy to find," he wrote in a column in November 2019. "I had, based on zero evidence, convinced myself that finding things on the internet was hard and, inevitably, involved a fair amount of tracking." But after two years of using DuckDuckGo, he realised this simply wasn't true.
A changing search landscape
Through sheer frequency of use, we've come to believe that Google is indispensable. But it may not be. Regardless of how Brave Search ends up performing in comparison to Google, it will have difficulty prising people away, not least because Google – despite the lawsuits and privacy issues – is regularly shown in surveys to be trusted. But the search landscape is undoubtedly changing.
This month, the US Department of Justice renewed efforts to pursue evidence relating to Google's alleged anticompetitive behaviour. And as Brave made its big announcement, Google dropped a bombshell – it revealed plans to stop using browser history to tailor advertising and to stop making tools that track people's data across its products. A company representative even referred to "rising consumer expectations for privacy".
And, as rumours swirl that Apple is developing a search engine, and other privacy-focused contenders such as Neeva prepare to launch, the search marketplace looks as if it might get a little crowded. And, who knows, "to Google" could even, one day, fall out of favour.
What vitamins do we know are beneficial for living in the UAE
Vitamin D: Highly relevant in the UAE due to limited sun exposure; supports bone health, immunity and mood.
Vitamin B12: Important for nerve health and energy production, especially for vegetarians, vegans and individuals with absorption issues.
Iron: Useful only when deficiency or anaemia is confirmed; helps reduce fatigue and support immunity.
Omega-3 (EPA/DHA): Supports heart health and reduces inflammation, especially for those who consume little fish.
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Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south
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Number of Chinese people in International City: Almost 50,000
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Tips for job-seekers
- Do not submit your application through the Easy Apply button on LinkedIn. Employers receive between 600 and 800 replies for each job advert on the platform. If you are the right fit for a job, connect to a relevant person in the company on LinkedIn and send them a direct message.
- Make sure you are an exact fit for the job advertised. If you are an HR manager with five years’ experience in retail and the job requires a similar candidate with five years’ experience in consumer, you should apply. But if you have no experience in HR, do not apply for the job.
David Mackenzie, founder of recruitment agency Mackenzie Jones Middle East
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Document everything immediately; including dates, times, locations and witnesses
Seek professional advice from a legal expert
You can report an incident to HR or an immediate supervisor
You can use the Ministry of Human Resources and Emiratisation’s dedicated hotline
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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.”
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Sudden change in behaviour or displays higher levels of stress or anxiety
Shows signs of depression or isolation
Ability to sleep well diminishes
Academic performance begins to deteriorate
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Who was Alfred Nobel?
The Nobel Prize was created by wealthy Swedish chemist and entrepreneur Alfred Nobel.
- In his will he dictated that the bulk of his estate should be used to fund "prizes to those who, during the preceding year, have conferred the greatest benefit to humankind".
- Nobel is best known as the inventor of dynamite, but also wrote poetry and drama and could speak Russian, French, English and German by the age of 17. The five original prize categories reflect the interests closest to his heart.
- Nobel died in 1896 but it took until 1901, following a legal battle over his will, before the first prizes were awarded.
The Melbourne Mercer Global Pension Index
The Melbourne Mercer Global Pension Index
Mazen Abukhater, principal and actuary at global consultancy Mercer, Middle East, says the company’s Melbourne Mercer Global Pension Index - which benchmarks 34 pension schemes across the globe to assess their adequacy, sustainability and integrity - included Saudi Arabia for the first time this year to offer a glimpse into the region.
The index highlighted fundamental issues for all 34 countries, such as a rapid ageing population and a low growth / low interest environment putting pressure on expected returns. It also highlighted the increasing popularity around the world of defined contribution schemes.
“Average life expectancy has been increasing by about three years every 10 years. Someone born in 1947 is expected to live until 85 whereas someone born in 2007 is expected to live to 103,” Mr Abukhater told the Mena Pensions Conference.
“Are our systems equipped to handle these kind of life expectancies in the future? If so many people retire at 60, they are going to be in retirement for 43 years – so we need to adapt our retirement age to our changing life expectancy.”
Saudi Arabia came in the middle of Mercer’s ranking with a score of 58.9. The report said the country's index could be raised by improving the minimum level of support for the poorest aged individuals and increasing the labour force participation rate at older ages as life expectancies rise.
Mr Abukhater said the challenges of an ageing population, increased life expectancy and some individuals relying solely on their government for financial support in their retirement years will put the system under strain.
“To relieve that pressure, governments need to consider whether it is time to switch to a defined contribution scheme so that individuals can supplement their own future with the help of government support,” he said.