Family harmony has ups and downs in the music world



Families that play together stay together - or so the genetically gifted groups the Corrs, the Jacksons and platinum-selling Kings of Leon would have us believe. But not all children play nice. Hardly making their mother proud, for example, are the Gallagher brothers of Oasis fame, who have played out their sibling rivalry in public for more than a decade. More interested in slinging insults than penning songs, the band finally called it quits in 2009 with Noel citing his brother Liam's "verbal and violent intimidation" as intolerable. Ah, peace at last.

The pop siblings Kylie and Dannii Minogue will be hoping to strike a very different note this year, after it was announced last week that they plan to record a duet together. The pair last worked together in 2008, recording a cover of ABBA's classic hit The Winner Takes it All for a BBC television show.

Admittedly Dannii, whose own pop career popped long ago, has in the past expressed feelings of inferiority towards her sister, who has enjoyed locomotive chart success since the 1980s. That said, the pair has always projected a vibe of sisterly supportiveness and it's hard to imagine there will be a need for separate sound booths in their forthcoming collaboration, to safeguard against microphone hogging and headphone yanking.

But teaming up with a sibling can reap rewards, as Janet Jackson would surely testify. In 1994, she lent her distinctive vocals to her brother Michael's song Scream, the lead single from his 1995 HIStory album. The track entered at number five on the Hot 100 singles chart, becoming the first song ever to debut in the top five. Scream also featured in the Guinness Book of Records as the "most expensive music video ever made" at a cost of US$7million (Dh25.7m). The money was evidently well spent as the accolades kept coming and the duo also won the Grammy Award for "best short form music video" in 1995. Not a bad day at the office.

Siblings who seek a cautionary tale about the havoc musical success can wreak on familial harmony could do worse than look to the Everly Brothers, Don and Phil. The brothers pioneered a genre of country-meets-rock-and-roll music that earned them 26 Billboard Top 40 singles and 35 Billboard Top 100s. They also hold the record for the most Top 100 singles by any duo and in 1986 were among the first 10 artists ushered into the Rock and Roll Hall of Fame. But despite their phenomenal success, the brothers conducted an epic feud over the years which most famously led to them splitting up dramatically mid-concert in 1973. They reunited in 1983, and toured sporadically until 2005, one of their most successful outings being 2003's ironically named Old Friends tour with that other pair of squabblers Simon and Garfunkel.

In the 1960s, the brothers Gibb took the Everlys' ostensible harmony one level deeper and formed the Bee Gees. The going was good for the trio until they began work on their fourth album and the guitarist Vince Melouney left the band. Sudden fame and fortune had taken a serious toll on the family unit and Barry Gibb said of the time: "We were not friends anymore. We were still brothers but we couldn't get along with each other... Everybody suddenly developed an ego."

Sibling rivalry led to tensions between Barry and Robin, with Maurice caught in the middle. The situation came to a head in 1969 when Robin eventually left the band to go solo and their sister Lesley was drafted in as a replacement.

Their best, however, was still to come, and the boys proved how deep their love was in 1970 by reuniting. The falsetto-pitched disco beats of the Saturday Night Fever soundtrack marked a turning point in their careers and saw them go on to sell in excess of 220 million records worldwide.

Yet maybe the most remarkable family pairing, still taking curtain calls nearly 30 years after they rose to fame, are Donny and Marie Osmond. The duo have been performing their resurrected 1976 variety show in Las Vegas and will tour Canada next month. Speaking to the CBC, Donny said: "Marie and I, we're so competitive. That sibling rivalry thing: it's real, it's true." True it may be, but might it also prove that in showbiz, it's not what you know but who you're related to that can determine your long-term success.

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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

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 Settlers

Director: Louis Theroux

Starring: Daniella Weiss, Ari Abramowitz

Rating: 5/5

UK's plans to cut net migration

Under the UK government’s proposals, migrants will have to spend 10 years in the UK before being able to apply for citizenship.

Skilled worker visas will require a university degree, and there will be tighter restrictions on recruitment for jobs with skills shortages.

But what are described as "high-contributing" individuals such as doctors and nurses could be fast-tracked through the system.

Language requirements will be increased for all immigration routes to ensure a higher level of English.

Rules will also be laid out for adult dependants, meaning they will have to demonstrate a basic understanding of the language.

The plans also call for stricter tests for colleges and universities offering places to foreign students and a reduction in the time graduates can remain in the UK after their studies from two years to 18 months.

How to protect yourself when air quality drops

Install an air filter in your home.

Close your windows and turn on the AC.

Shower or bath after being outside.

Wear a face mask.

Stay indoors when conditions are particularly poor.

If driving, turn your engine off when stationary.

Bundesliga fixtures

Saturday, May 16 (kick-offs UAE time)

Borussia Dortmund v Schalke (4.30pm) 

RB Leipzig v Freiburg (4.30pm) 

Hoffenheim v Hertha Berlin (4.30pm) 

Fortuna Dusseldorf v Paderborn  (4.30pm) 

Augsburg v Wolfsburg (4.30pm) 

Eintracht Frankfurt v Borussia Monchengladbach (7.30pm)

Sunday, May 17

Cologne v Mainz (4.30pm),

Union Berlin v Bayern Munich (7pm)

Monday, May 18

Werder Bremen v Bayer Leverkusen (9.30pm)

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.”