• Coldplay performs in front of the main Pyramid Stage as part of the Glastonbury Festival global livestream 'Live at Worthy Farm' at Worthy Farm, Pilton in Glastonbury, England. Getty Images
    Coldplay performs in front of the main Pyramid Stage as part of the Glastonbury Festival global livestream 'Live at Worthy Farm' at Worthy Farm, Pilton in Glastonbury, England. Getty Images
  • Damon Albarn performs in the Stone Circle as part of the Glastonbury Festival global livestream 'Live at Worthy Farm' at Worthy Farm, Pilton in Glastonbury, England. Getty Images
    Damon Albarn performs in the Stone Circle as part of the Glastonbury Festival global livestream 'Live at Worthy Farm' at Worthy Farm, Pilton in Glastonbury, England. Getty Images
  • Haim perform in the Stone Circle as part of the Glastonbury Festival global livestream 'Live at Worthy Farm' at Worthy Farm, Pilton in Glastonbury, England. Getty Images
    Haim perform in the Stone Circle as part of the Glastonbury Festival global livestream 'Live at Worthy Farm' at Worthy Farm, Pilton in Glastonbury, England. Getty Images
  • Kano performs as part of the Glastonbury Festival global livestream 'Live at Worthy Farm' at Worthy Farm, Pilton in Glastonbury, England. Getty Images
    Kano performs as part of the Glastonbury Festival global livestream 'Live at Worthy Farm' at Worthy Farm, Pilton in Glastonbury, England. Getty Images
  • Roisin Murphy performs as part of the Glastonbury Festival global livestream 'Live at Worthy Farm' at Worthy Farm, Pilton in Glastonbury, England. Getty Images
    Roisin Murphy performs as part of the Glastonbury Festival global livestream 'Live at Worthy Farm' at Worthy Farm, Pilton in Glastonbury, England. Getty Images
  • Ellie Rowsell of the band Wolf Alice performs in the Stone Circle as part of the Glastonbury Festival global livestream 'Live at Worthy Farm' at Worthy Farm, Pilton in Glastonbury, England. Getty Images
    Ellie Rowsell of the band Wolf Alice performs in the Stone Circle as part of the Glastonbury Festival global livestream 'Live at Worthy Farm' at Worthy Farm, Pilton in Glastonbury, England. Getty Images

Glastonbury 'so sorry' after live-stream event faces technical issues


Evelyn Lau
  • English
  • Arabic

After being cancelled two years in a row because of the coronavirus pandemic, the Glastonbury Festival instead held a special one-off live-stream at Somerset's Worthy Farm for fans on Saturday.

Featuring four-time headliners Coldplay, as well as a slew of other acts such as Haim, Damon Albarn, Wolf Alice, Jorja Smith, George Ezra and Kano, technical issues with the live-stream were apparent from the beginning.

People who had paid the £20 ($28) fee to access a broadcast of the event took to Twitter to say that their access codes were invalid.

The problems persisted for two hours, after which organisers decided to launch a free live stream instead, meaning anyone could tune in, whether they had paid or not.

"I am so sorry about the problems with the stream tonight," said festival organiser Emily Eavis before offering a link to a new stream.

The replacement live-stream could only be rewound by an hour, meaning the early parts of the five-hour show were still unavailable.

To compensate, Eavis said: "We will obviously make sure we show the whole film again from tomorrow, too, and give you the chance to catch up on any bits you missed.

"I really hope you can enjoy the rest of it tonight. And again, I'm just so sorry to anyone who's had issues."

As complaints flooded in, Driift Live, partners of Glastonbury who organised the live stream, also said they were "devastated" by the technical issues experienced by paying customers.

Ticketholders who could not access the show will be offered a refund upon request.

Earlier in the night, Coldplay billed the concert as a "very special night at Worthy Farm tonight and a home gig for us", after headlining the Glastonbury in 2002, 2005, 2011 and 2016.

One of the other highlights from the show included Radiohead side project The Smile making its debut. Consisting of Thom Yorke and Jonny Greenwood, with drummer Tom Skinner, the trio joined the show between sets from Smith and Kano.

All the performers for the event waived their fees, with proceeds intended to secure the festival's future after being forced to cancel again because of the pandemic. However, now organisers will undoubtedly have to deal with thousands of demands for refunds.

In April, Glastonbury received a £900,000 grant from the UK government to help carry it through to 2022.

"This grant will make a huge difference in helping to secure our future," founder Michael Eavis and daughter Emily said.

BORDERLANDS

Starring: Cate Blanchett, Kevin Hart, Jamie Lee Curtis

Director: Eli Roth

Rating: 0/5

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.”

Islamophobia definition

A widely accepted definition was made by the All Party Parliamentary Group on British Muslims in 2019: “Islamophobia is rooted in racism and is a type of racism that targets expressions of Muslimness or perceived Muslimness.” It further defines it as “inciting hatred or violence against Muslims”.

The specs

Engine: 2.9-litre, V6 twin-turbo

Transmission: seven-speed PDK dual clutch automatic

Power: 375bhp

Torque: 520Nm

Price: Dh332,800

On sale: now

What is safeguarding?

“Safeguarding, not just in sport, but in all walks of life, is making sure that policies are put in place that make sure your child is safe; when they attend a football club, a tennis club, that there are welfare officers at clubs who are qualified to a standard to make sure your child is safe in that environment,” Derek Bell explains.

FIXTURES

All times UAE ( 4 GMT)

Friday
Saint-Etienne v Montpellier (10.45pm)

Saturday
Monaco v Caen (7pm)
Amiens v Bordeaux (10pm)
Angers v Toulouse (10pm)
Metz v Dijon (10pm)
Nantes v Guingamp (10pm)
Rennes v Lille (10pm)

Sunday
Nice v Strasbourg (5pm)
Troyes v Lyon (7pm)
Marseille v Paris Saint-Germain (11pm)

Miss Granny

Director: Joyce Bernal

Starring: Sarah Geronimo, James Reid, Xian Lim, Nova Villa

3/5

(Tagalog with Eng/Ar subtitles)