Actor Jake Lloyd. Gilbert Carrasquillo / FilmMagic / Getty Images
Actor Jake Lloyd. Gilbert Carrasquillo / FilmMagic / Getty Images

Star Wars actor arrested after police car chase



Former child actor Jake Lloyd, who played the young Anakin Skywalker in Star Wars Episode I: The Phantom Menace has been arrested after leading police in South Carolina on a high-speed chase. Sgt Kyle Strickland of Colleton County sheriff's department said on Sunday that the 26-year-old man had given his name as Jake Broadbent but it had confirmed through a former talent agent that he was Lloyd. He was charged with failing to stop for officers and reckless driving after hitting speeds of more than 160 kilometres an hour during the incident on Wednesday. The chase lasted for more than 40 kms before the vehicle crossed into neighbouring Colleton County. When it reached a dead end, the driver kept going into a wooded area before the car hit some small trees and stopped. The man had not posted bail and was still in jail on Sunday, Strickland said. Lloyd was 10 years old when The Phantom Menace was made in 1999. – AP

Singam 3 ‘has a connection to first two films’

Director Hari Gopalakrishnan says Singam 3, the third instalment of the highly successful Tamil action franchise, won't be a stand-alone film and will be linked to the first two movies. "Technically, a sequel should have a connection with the prequel," said Gopalakrishnan. "Some of the recent sequels in Tamil cinema failed to make audiences connect with the prequels because they were stand-alone films. Singam 3 won't fall in that category." Suriya returns as police officer Duraisingam in the film, which will also feature ­Anushka Shetty and Shruti Haasan. Filming begins in August and the producers plan to shoot the film in Telugu simultaneously. – IANS

Complaint made to police over Mohalla Assi

A complaint has been filed with the Varanasi police against film star Sunny Deol and director Chandra Prakash Dwivedi over their forthcoming film Mohalla Assi. Sarvajan ­Jagruti Sanstha has alleged that it breaches moral ethics and shows Varanasi in poor light. The social organisation lodged the complaint at Bhelupur police station on Sunday. "The film hurts religious sentiments and we cannot allow such a film to be released," a spokesman said. The film, based on the novel Kashi Ka Assi by acclaimed Hindi writer Kashinath Singh, also stars Ravi Kishen and Sakshi Tanwar. Sunny Deol plays the lead role of a Sanskrit teacher and ­orthodox religious priest. – IANS

Third Stream jazz pioneer Schuller dies

Gunther Schuller, a horn player, educator and Pulitzer Prize-winning composer who was the leading proponent of the Third Stream movement fusing jazz and classical music, died on Sunday in a hospital in Boston at the age of 89. "He was a great musician. I loved him and we will miss him," said his son, Ed Schuller, who is a bassist. "He had a great life, he lived his dream." Born in New York on November 22, 1925, Schuller began his career in the 1940s as a horn player with the Cincinnati Symphony and Metropolitan Opera, but his love of jazz led him to New York's bebop scene. He played on trumpeter Miles Davis' seminal "Birth of the Cool" 1949-50 recording session. In the 1950s, Schuller worked with pianist John Lewis of the Modern Jazz Quartet to combine jazz and classical music in what he called the Third Stream. Schuller composed more than 200 jazz and classical pieces, including Of Reminiscences and ­Reflections, which won the 1994 Pulitzer Prize for music. – AP

Key developments

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GAC GS8 Specs

Engine: 2.0-litre 4cyl turbo

Power: 248hp at 5,200rpm

Torque: 400Nm at 1,750-4,000rpm

Transmission: 8-speed auto

Fuel consumption: 9.1L/100km

On sale: Now

Price: From Dh149,900

In numbers: China in Dubai

The number of Chinese people living in Dubai: An estimated 200,000

Number of Chinese people in International City: Almost 50,000

Daily visitors to Dragon Mart in 2018/19: 120,000

Daily visitors to Dragon Mart in 2010: 20,000

Percentage increase in visitors in eight years: 500 per cent

Profile

Name: Carzaty

Founders: Marwan Chaar and Hassan Jaffar

Launched: 2017

Employees: 22

Based: Dubai and Muscat

Sector: Automobile retail

Funding to date: $5.5 million

Persuasion
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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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Director: Basel Adra, Yuval Abraham, Rachel Szor, Hamdan Ballal

Stars: Basel Adra, Yuval Abraham

Rating: 3.5/5

COMPANY%20PROFILE
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BIGGEST CYBER SECURITY INCIDENTS IN RECENT TIMES

SolarWinds supply chain attack: Came to light in December 2020 but had taken root for several months, compromising major tech companies, governments and its entities

Microsoft Exchange server exploitation: March 2021; attackers used a vulnerability to steal emails

Kaseya attack: July 2021; ransomware hit perpetrated REvil, resulting in severe downtime for more than 1,000 companies

Log4j breach: December 2021; attackers exploited the Java-written code to inflitrate businesses and governments

The%20specs
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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