Singer Katy Perry earned US$135 million (Dh495.8m) in the past year to become the world's top-grossing musician. Forbes magazine said that 30-year-old Perry, who is on a 150-date world tour to promote her album Prism, narrowly edged out One Direction for the year ending June 1. The British boy band, whose future and image were thrown into doubt in March when member Zayn Malik quit the group, grossed $130m. They were followed by country singer Garth Brooks, on $90m, then singer Taylor Swift on $80m. For its list, Forbes looks at earnings during the year, not total income. Therefore Beyoncé – the highest-paid of all celebrities on last year's list – slipped to 29th because her tour ended in March last year. Similarly, In October Swift released 1989, the fastest-selling US album in 13 years, but did not begin her latest tour until May, near the end of the period analysed by Forbes. Perry was the third highest-earning celebrity overall, behind boxers Floyd Mayweather Jr and Manny Pacquiao who fought in a much-hyped boxing match in May in Las Vegas. – AFP
Redford calls on UN to act on climate change
Veteran Hollywood actor Robert Redford visited the United Nations on Monday to call for action on climate change, saying he was appearing not as an actor but as an environmental advocate, father, grandfather and concerned citizen. The 78-year-old Oscar winner said his environmental activism began more than 40 years ago and has grown stronger as he has watched the threat posed by global warming grow. He told a high-level meeting of the UN General Assembly on climate change that “the time for half measures and climate denial is over”. He added: “It is the overwhelming judgment of science that climate change is real – and the result of human activity. Everywhere we look, moderate weather is going extinct.” The mission of the 193 UN member countries, he said, “is as simple as it is daunting: save the world before it’s too late”. He urged world leaders to adopt a universal climate agreement in Paris in December to keep global warming from rising to dangerous levels. “Nothing less than the fate of our planet will hang in the balance,” he said. – AP
Welcome Back out in UAE on September 3
Actors Anil Kapoor and John Abraham have revealed that their new film, Welcome Back, which was partly shot in UAE, will be released in the UAE on September 3, and in India on September 4. Abraham wrote on Twitter yestesterday: "Welcome Back releases 4th September! Watch this space for more." Welcome Back is the sequel to 2007's Welcome. Kapoor, who also starred in the first film, wrote: "We're all set to tickle your funny bones on the 4th of September. Get set for hilarity with #WelcomeBack." Directed by Anees Bazmee, the film also stars Shruti Haasan and Nana Patekar. – IANS
Trump ditched by NBC over Mexico remarks
NBC said on Monday that it was ending its business relationship with business mogul and Republican US presidential candidate Donald Trump because of comments he made about Mexican immigrants during the announcement of his campaign. The network said it would no longer air the annual Miss USA and Miss Universe pageants. Miss USA has been on NBC since 2003, and this year's edition was due to be broadcast on July 12. "At NBC, respect and dignity for all people are cornerstones of our values," NBC said. Trump responded that NBC was "weak" and he is considering legal action. Later on Monday, Mexican media giant Televisa also said it would no longer air the Miss Universe pageant and won't do business with Trump on any other projects. Televisa, one of the world's largest TV groups, said Trump's "disrespectful" remarks offended the entire Mexican population, and that it "strongly rejects all forms of discrimination, racism and xenophobia". It comes less than a week after Univision similarly ditched Trump and the pageants. Trump was also the star of NBC's reality-TV contest The Apprentice and its celebrity spin-off but had agree to quit the former before the current controversy. The network said it was exploring ways to continue Celebrity Apprentice without him. During his presidential campaign launch, Trump said Mexican immigrants were "bringing drugs, they're bringing crime, they're rapists and some, I assume, are good people". He called for a wall to be built along the southern border of the United States. A petition urging the same thing on the Change.org website gathered more than 218,000 signatures. – AP
Trespasser wants Taylor Swift to testify for him
A man charged with trespassing at Taylor Swift’s Rhode Island mansion wants the singer to testify on his behalf. Nicholas Field, 24, was arrested on April 14 and charged with wilful trespassing at Swift’s beachfront home. Field appeared in court on Friday and said he wants Swift to be served with a subpoena to appear in court on his behalf. Police say surveillance video shows Field going up to the gate at Swift’s property to deliver a letter and poem. They say he was manipulating the gate when he was arrested. The next hearing is on July 10. – AP
Veteran comedian Jack Carter dies at 93
Jack Carter, whose brash, caustic comedy made him a star in the early days of television and helped him sustain a career that lasted more than 50 years in TV, nightclubs, movies and on stage, died of respiratory failure on Sunday, four days after his 93rd birthday. In 1948, when US network television was just beginning, Carter starred in a series of variety shows on ABC. In 1950, he appeared in The Jack Carter Show, which opened with a standup routine that poked fun at the day's news, a device late-night comics use to this day. The show, which also featured music and comedy skits, was cancelled after one season. Carter was a popular TV guest star but never again headlined his own series. The comedian, who started out as a dramatic stage actor, returned to the theatre from time to time, performed regularly in nightclubs and appeared in nearly three dozen movies, including Elvis Presley's Viva Las Vegas, in which he played himself –AP
Rodgers and Hammerstein biography due in 2018
A biography of Rodgers and Hammerstein, written with the cooperation of the late Broadway team's publishing arm, will be published in 2018. Henry Holt and Company said that Todd S Purdum's book, Rodgers and Hammerstein, also will draw upon materials recently made available at the Library of Congress. The book's release is timed for the 75th anniversary of Richard Rodgers' and Oscar Hammerstein II's first collaboration, Oklahoma! Their other musicals included The Sound of Music and South Pacific." Purdum is a contributing editor to Vanity Fair and a senior writer at Politico. – AP
SPEC%20SHEET%3A%20APPLE%20M3%20MACBOOK%20AIR%20(13%22)
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Have you been targeted?
Tuan Phan of SimplyFI.org lists five signs you have been mis-sold to:
1. Your pension fund has been placed inside an offshore insurance wrapper with a hefty upfront commission.
2. The money has been transferred into a structured note. These products have high upfront, recurring commission and should never be in a pension account.
3. You have also been sold investment funds with an upfront initial charge of around 5 per cent. ETFs, for example, have no upfront charges.
4. The adviser charges a 1 per cent charge for managing your assets. They are being paid for doing nothing. They have already claimed massive amounts in hidden upfront commission.
5. Total annual management cost for your pension account is 2 per cent or more, including platform, underlying fund and advice charges.
Types of bank fraud
1) Phishing
Fraudsters send an unsolicited email that appears to be from a financial institution or online retailer. The hoax email requests that you provide sensitive information, often by clicking on to a link leading to a fake website.
2) Smishing
The SMS equivalent of phishing. Fraudsters falsify the telephone number through “text spoofing,” so that it appears to be a genuine text from the bank.
3) Vishing
The telephone equivalent of phishing and smishing. Fraudsters may pose as bank staff, police or government officials. They may persuade the consumer to transfer money or divulge personal information.
4) SIM swap
Fraudsters duplicate the SIM of your mobile number without your knowledge or authorisation, allowing them to conduct financial transactions with your bank.
5) Identity theft
Someone illegally obtains your confidential information, through various ways, such as theft of your wallet, bank and utility bill statements, computer intrusion and social networks.
6) Prize scams
Fraudsters claiming to be authorised representatives from well-known organisations (such as Etisalat, du, Dubai Shopping Festival, Expo2020, Lulu Hypermarket etc) contact victims to tell them they have won a cash prize and request them to share confidential banking details to transfer the prize money.
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.”
Usain Bolt's time for the 100m at major championships
2008 Beijing Olympics 9.69 seconds
2009 Berlin World Championships 9.58
2011 Daegu World Championships Disqualified
2012 London Olympics 9.63
2013 Moscow World Championships 9.77
2015 Beijing World Championships 9.79
2016 Rio Olympics 9.81
2017 London World Championships 9.95
Results
Ashraf Ghani 50.64 per cent
Abdullah Abdullah 39.52 per cent
Gulbuddin Hekmatyar 3.85 per cent
Rahmatullah Nabil 1.8 per cent
Lexus LX700h specs
Engine: 3.4-litre twin-turbo V6 plus supplementary electric motor
Power: 464hp at 5,200rpm
Torque: 790Nm from 2,000-3,600rpm
Transmission: 10-speed auto
Fuel consumption: 11.7L/100km
On sale: Now
Price: From Dh590,000
Where can I submit a sample?
Volunteers can now submit DNA samples at a number of centres across Abu Dhabi. The programme is open to all ages.
Collection centres in Abu Dhabi include:
- Abu Dhabi National Exhibition Centre (ADNEC)
- Biogenix Labs in Masdar City
- Al Towayya in Al Ain
- NMC Royal Hospital in Khalifa City
- Bareen International Hospital
- NMC Specialty Hospital, Al Ain
- NMC Royal Medical Centre - Abu Dhabi
- NMC Royal Women’s Hospital.
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How much sugar is in chocolate Easter eggs?
- The 169g Crunchie egg has 15.9g of sugar per 25g serving, working out at around 107g of sugar per egg
- The 190g Maltesers Teasers egg contains 58g of sugar per 100g for the egg and 19.6g of sugar in each of the two Teasers bars that come with it
- The 188g Smarties egg has 113g of sugar per egg and 22.8g in the tube of Smarties it contains
- The Milky Bar white chocolate Egg Hunt Pack contains eight eggs at 7.7g of sugar per egg
- The Cadbury Creme Egg contains 26g of sugar per 40g egg
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Mina Cup winners
Under 12 – Minerva Academy
Under 14 – Unam Pumas
Under 16 – Fursan Hispania
Under 18 – Madenat
U19 WORLD CUP, WEST INDIES
UAE group fixtures (all in St Kitts)
- Saturday 15 January: UAE beat Canada by 49 runs
- Thursday 20 January: v England
- Saturday 22 January: v Bangladesh
UAE squad:
Alishan Sharafu (captain), Shival Bawa, Jash Giyanani, Sailles
Jaishankar, Nilansh Keswani, Aayan Khan, Punya Mehra, Ali Naseer, Ronak Panoly,
Dhruv Parashar, Vinayak Raghavan, Soorya Sathish, Aryansh Sharma, Adithya
Shetty, Kai Smith
Winners
Ballon d’Or (Men’s)
Ousmane Dembélé (Paris Saint-Germain / France)
Ballon d’Or Féminin (Women’s)
Aitana Bonmatí (Barcelona / Spain)
Kopa Trophy (Best player under 21 – Men’s)
Lamine Yamal (Barcelona / Spain)
Best Young Women’s Player
Vicky López (Barcelona / Spain)
Yashin Trophy (Best Goalkeeper – Men’s)
Gianluigi Donnarumma (Paris Saint-Germain and Manchester City / Italy)
Best Women’s Goalkeeper
Hannah Hampton (England / Aston Villa and Chelsea)
Men’s Coach of the Year
Luis Enrique (Paris Saint-Germain)
Women’s Coach of the Year
Sarina Wiegman (England)