Paul Newman could not join the Navy's V-12 program at Yale University in 1943 because he was colourblind.
Paul Newman could not join the Navy's V-12 program at Yale University in 1943 because he was colourblind.
Paul Newman could not join the Navy's V-12 program at Yale University in 1943 because he was colourblind.
Paul Newman could not join the Navy's V-12 program at Yale University in 1943 because he was colourblind.

Legendary actor Paul Newman dies


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LOS ANGELES // Paul Newman, known for his piercing blue eyes, boyish good looks and stellar performances in scores of hit Hollywood movies, has died, his foundation said today. He was 83. Mr Newman, who had been battling cancer, passed away on Friday, Newman's Own Foundation said in a statement from Westport, Connecticut. "Paul Newman's craft was acting. His passion was racing. His love was his family and friends. And his heart and soul were dedicated to helping make the world a better place for all," Robert Forrester, the foundation's vice chairman, said. Mr Newman played youthful rebels, charming rogues, golden-hearted drunks and amoral opportunists in a career that encompassed more than 50 movies. He was one of the most popular and consistently bankable Hollywood stars in the second half of the 20th century. Two of his most popular movies included Butch Cassidy and the Sundance Kid (1969) and The Sting (1973), in which he co-starred with an equally popular and handsome actor, Robert Redford. Mr Newman was also a philanthropist, a health food mogul - he once quipped that his salad dressing was making more money than his movies - a race car enthusiast and a leftist political activist. Many, however, will remember him for his good looks: in 1990 People magazine chose him as one of its 50 most beautiful people in the world, and in 1995 Britain's Empire magazine picked him as one of the 100 sexiest stars in film history. Mr Newman won the Academy Award for Best Actor in 1987, late in his career, for his role as a pool shark named 'Fast Eddie' in The Color of Money, co-starring with Tom Cruise. Many critics at the time said he was really being awarded the Oscar belatedly for his original performance of the same smarmy character in the 1961 movie The Hustler. Born Paul Leonard Newman on Jan 26 1925 in Shaker Heights, Ohio, into a well-off middle class family - his father ran a successful sporting goods chain - Mr Newman acted in school plays as a youth. He joined the navy in the Second World War wanting to be a pilot, but tests showed that he was colour-blind. Instead he served as a rear-seat radio man and tail gunner aboard Avenger torpedo bombers in the Pacific theatre. After the war Mr Newman went to university, enrolled in the Yale drama school, and moved to New York where he acted in plays. That job eventually landed him roles in television, and later in movies.

Mr Newman's film career almost ended with his first movie - he considered his performance in the sword-and-sandal 1954 drama The Chalice so mediocre he paid for a page-size ad in a Hollywood trade publication to apologise. Mr Newman redeemed himself in his next movie, Somebody Up There Likes Me (1956), a portrayal of boxer Rocky Graziano, and by 1958 was nominated for an Oscar as an alcoholic ex-football player in Cat on a Hot Tin Roof, starring alongside Elizabeth Taylor. Hit movies rolled on from there, including Exodus (1960), The Hustler (1961), Hud (1963), Cool Hand Luke (1967), The Towering Inferno (1974) and Slap Shot (1977). * AFP

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Jetour T1 specs

Engine: 2-litre turbocharged

Power: 254hp

Torque: 390Nm

Price: From Dh126,000

Available: Now

Retail gloom

Online grocer Ocado revealed retail sales fell 5.7 per cen in its first quarter as customers switched back to pre-pandemic shopping patterns.

It was a tough comparison from a year earlier, when the UK was in lockdown, but on a two-year basis its retail division, a joint venture with Marks&Spencer, rose 31.7 per cent over the quarter.

The group added that a 15 per cent drop in customer basket size offset an 11.6. per cent rise in the number of customer transactions.

Gran Gala del Calcio 2019 winners

Best Player: Cristiano Ronaldo (Juventus)
Best Coach: Gian Piero Gasperini (Atalanta)
Best Referee: Gianluca Rocchi
Best Goal: Fabio Quagliarella (Sampdoria vs Napoli)
Best Team: Atalanta​​​​​​​
Best XI: Samir Handanovic (Inter); Aleksandar Kolarov (Roma), Giorgio Chiellini (Juventus), Kalidou Koulibaly (Napoli), Joao Cancelo (Juventus*); Miralem Pjanic (Juventus), Josip Ilicic (Atalanta), Nicolo Barella (Cagliari*); Fabio Quagliarella (Sampdoria), Cristiano Ronaldo (Juventus), Duvan Zapata (Atalanta)
Serie B Best Young Player: Sandro Tonali (Brescia)
Best Women’s Goal: Thaisa (Milan vs Juventus)
Best Women’s Player: Manuela Giugliano (Milan)
Best Women’s XI: Laura Giuliani (Milan); Alia Guagni (Fiorentina), Sara Gama (Juventus), Cecilia Salvai (Juventus), Elisa Bartoli (Roma); Aurora Galli (Juventus), Manuela Giugliano (Roma), Valentina Cernoia (Juventus); Valentina Giacinti (Milan), Ilaria Mauro (Fiorentina), Barbara Bonansea (Juventus)

Tree of Hell

Starring: Raed Zeno, Hadi Awada, Dr Mohammad Abdalla

Director: Raed Zeno

Rating: 4/5

Tuesday results:

  • Singapore bt Malaysia by 29 runs
  • UAE bt Oman by 13 runs
  • Hong Kong bt Nepal by 3 wickets

Final:
Thursday, UAE v Hong Kong

EA Sports FC 24

Women’s World T20, Asia Qualifier

UAE results
Beat China by 16 runs
Lost to Thailand by 10 wickets
Beat Nepal by five runs
Beat Hong Kong by eight wickets
Beat Malaysia by 34 runs

Standings (P, W, l, NR, points)

1. Thailand 5 4 0 1 9
2. UAE 5 4 1 0 8
3. Nepal 5 2 1 2 6
4. Hong Kong 5 2 2 1 5
5. Malaysia 5 1 4 0 2
6. China 5 0 5 0 0

Final
Thailand v UAE, Monday, 7am

The five pillars of Islam

1. Fasting 

2. Prayer 

3. Hajj 

4. Shahada 

5. Zakat 

FIGHT INFO

Men’s 60kg Round 1:

Ahmad Shuja Jamal (AFG) beat Krisada Takhiankliang (THA) - points 
Hyan Aljmyah (SYR) beat Akram Alyminee (YEM) - retired Round 1
Ibrahim Bilal (UAE) beat Bhanu Pratap Pandit (IND) - TKO Round 1

Men’s 71kg Round 1:
Seyed Kaveh Soleyman (IRI) beat Abedel Rahman (JOR) - RSC round 3.
Amine Al Moatassime (UAE) walk over Ritiz Puri (NEP)

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.”