Ed Simons, left, and Tom Rowlands of The Chemical Brothers. The British duo released their eighth studio album, Born in the Echoes, last year after a five-year silence. Hamish Brown
Ed Simons, left, and Tom Rowlands of The Chemical Brothers. The British duo released their eighth studio album, Born in the Echoes, last year after a five-year silence. Hamish Brown
Ed Simons, left, and Tom Rowlands of The Chemical Brothers. The British duo released their eighth studio album, Born in the Echoes, last year after a five-year silence. Hamish Brown
Ed Simons, left, and Tom Rowlands of The Chemical Brothers. The British duo released their eighth studio album, Born in the Echoes, last year after a five-year silence. Hamish Brown

The Chemical Brothers: ‘We’ve stayed around and remain relevant for people’


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How did they do it? How can it be that two decades after the fabled 1990s “big beat” boom – arguably the moment electronic music ­truly crossed over to the British public at large – The Chemical Brothers are the tallest tree from the era still standing?

Their contemporaries might have sold more records, but today Fatboy Slim is a touring party DJ producing very little new music, while The Prodigy were written off as an adolescent excess more than a decade ago. Yet in 2016, “The Chems” enjoy the kind of critical and commercial glow these rivals could only dream of.

Their eighth studio album, last year's Born in the Echoes – their first in five years – was met with respectful, near unanimous four-star reviews.

Speaking before their Abu Dhabi F1 after-race concert on Friday, co-founder Tom Rowlands says the band’s longevity is based on their refusal to be defined by the sound that spawned them.

“We’ve been around long enough, since the big-beat scene,” he says. “When I’m in the studio making music, or on stage, you just don’t think of yourself like that – I’m sure Lionel Richie [who performs on Saturday] doesn’t think like that.

“Music for me is that moment when you’re not really thinking of anything or conscious of what you’re doing, or why you’re doing it – if you think about it too much, you get into your own head.”

The Chemical Brothers' best-known anthems – UK number ones Block Rockin' Beats, Setting Sun and Hey Boy Hey Girl – will be familiar to anyone who was living in Britain during the second half of the 1990s. However, the duo's roots go further back.

Rowlands and co-founder Ed Simons were school mates who bonded over a love of both hip-hop and rock. In 1992, the pair – – then dubbed as The 237 Turbo Nutters – started DJing together in a London pub. After running out of fresh beats, they started making their own.

Later, now called The Dust Brothers, the pair landed a gig as residents at London’s Heavenly Sunday Social Club, a notorious hangout of the ruling Britpop elite. This led directly to ­career-making remixes for ­Manic Street Preachers and Primal Scream.

Forced to change their name from The Dust Brothers – which they had stolen from the US experimental hip-hop production crew of the same name – they became The Chemical Brothers and their debut album Exit Planet Dust was released in 1995, to rave reviews and steady sales.

Oasis' Noel Gallagher was a notable fan and offered his services, resulting a year later in the monster smash Setting Sun (he came back for more with 1999's Let Forever Be). This scene-stealer was just one in a series of high-profile guest vocalists from the indie world – others included Beth Orton, New Order's Bernard Sumner, Wayne Coyne of Flaming Lips and The Charlatans' Tim Burgess. Rap collaborators included K-os and Q-Tip. The latter worked on Galvanize, a mid-career classic that is memorably based on a Moroccan chaabi sample from Najat Aatabou's Hadi Kedba ­Bayna.

In nearly every case, the works felt like genuine, empathetic cross-pollinations of genres – a world away from the omnipresent celebrity collaborations that clutters the airwaves these days, typically featuring rappers awkwardly dropped into EDM tunes according to record company contractual obligations.

Rowlands turned 45 this year, Simons is a year older. Alongside the likes of Daft Punk, The Chemical Brothers were among the first raft of big electronic arena acts – in contrast to the original house and techno pioneers of the 1970-80s, who lived in the clubs. They continue to headline huge, populist, open-air spectacles, which carries with it inevitable expectations, the same ones that face today’s ageing, rock dinosaurs – repeatedly to play the same songs, and sound the same way they did in their heyday. How does Rowland feel about the prospect of being considered a “heritage act”?

“I don’t mind people thinking that, as it’s not something I would ever be conscious of myself,” he says. “We’ve stayed around long enough and remain relevant for people, so I don’t think of our band like that. You don’t think like that when you’re in the studio making music. You just do your thing.”

Making music is what still holds these two school friends together. After a period of experimentation, Born in the Echoes was seen as a return to the band's roots, with the poppier single, Go, scoring their greatest chart placing since 2007. After 20 years, how many more albums do the band have left in them?

“If I knew exactly how many albums are coming and what they would all sound like, I’d give up,” says Rowlands.

“Part of making music is the unexpected. The feeling that I go into the studio and I’m thinking of something and I come out with something completely different – it would be boring to have everything mapped out.

“We haven’t thought about where we would want to be in five years. It’s never been the way we’ve looked at our music. We like the spontaneity, creativity and all the other unexpected things that happen.”

The Chemical Brothers will perform at du Arena, Yas Island, on Friday, November 25 as part of the Yasalam After-Race Concerts. The concert is open only to race-day ticket holders; www.yasmarinacircuit.com

rgarratt@thenational.ae

The specs

Engine: 2.0-litre 4-cyl, 48V hybrid

Transmission: eight-speed automatic

Power: 325bhp

Torque: 450Nm

Price: Dh359,000

On sale: now 

Who's who in Yemen conflict

Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government

Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council

Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south

Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory

Desert Warrior

Starring: Anthony Mackie, Aiysha Hart, Ben Kingsley

Director: Rupert Wyatt

Rating: 3/5

Avatar: Fire and Ash

Director: James Cameron

Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana

Rating: 4.5/5

Match info

Bournemouth 1 (King 45 1')
Arsenal 2 (Lerma 30' og, Aubameyang 67')

Man of the Match: Sead Kolasinac (Arsenal)

if you go
The biog

Favourite car: Ferrari

Likes the colour: Black

Best movie: Avatar

Academic qualifications: Bachelor’s degree in media production from the Higher Colleges of Technology and diploma in production from the New York Film Academy

Infiniti QX80 specs

Engine: twin-turbocharged 3.5-liter V6

Power: 450hp

Torque: 700Nm

Price: From Dh450,000, Autograph model from Dh510,000

Available: Now

Brief scores:

Scotland 371-5, 50 overs (C MacLeod 140 no, K Coetzer 58, G Munsey 55)

England 365 all out, 48.5 overs (J Bairstow 105, A Hales 52; M Watt 3-55)

Result: Scotland won by six runs

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The burning issue

The internal combustion engine is facing a watershed moment – major manufacturer Volvo is to stop producing petroleum-powered vehicles by 2021 and countries in Europe, including the UK, have vowed to ban their sale before 2040. The National takes a look at the story of one of the most successful technologies of the last 100 years and how it has impacted life in the UAE. 

Read part four: an affection for classic cars lives on

Read part three: the age of the electric vehicle begins

Read part one: how cars came to the UAE

 

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Red flags
  • Promises of high, fixed or 'guaranteed' returns.
  • Unregulated structured products or complex investments often used to bypass traditional safeguards.
  • Lack of clear information, vague language, no access to audited financials.
  • Overseas companies targeting investors in other jurisdictions - this can make legal recovery difficult.
  • Hard-selling tactics - creating urgency, offering 'exclusive' deals.

Courtesy: Carol Glynn, founder of Conscious Finance Coaching

How Tesla’s price correction has hit fund managers

Investing in disruptive technology can be a bumpy ride, as investors in Tesla were reminded on Friday, when its stock dropped 7.5 per cent in early trading to $575.

It recovered slightly but still ended the week 15 per cent lower and is down a third from its all-time high of $883 on January 26. The electric car maker’s market cap fell from $834 billion to about $567bn in that time, a drop of an astonishing $267bn, and a blow for those who bought Tesla stock late.

The collapse also hit fund managers that have gone big on Tesla, notably the UK-based Scottish Mortgage Investment Trust and Cathie Wood’s ARK Innovation ETF.

Tesla is the top holding in both funds, making up a hefty 10 per cent of total assets under management. Both funds have fallen by a quarter in the past month.

Matt Weller, global head of market research at GAIN Capital, recently warned that Tesla founder Elon Musk had “flown a bit too close to the sun”, after getting carried away by investing $1.5bn of the company’s money in Bitcoin.

He also predicted Tesla’s sales could struggle as traditional auto manufacturers ramp up electric car production, destroying its first mover advantage.

AJ Bell’s Russ Mould warns that many investors buy tech stocks when earnings forecasts are rising, almost regardless of valuation. “When it works, it really works. But when it goes wrong, elevated valuations leave little or no downside protection.”

A Tesla correction was probably baked in after last year’s astonishing share price surge, and many investors will see this as an opportunity to load up at a reduced price.

Dramatic swings are to be expected when investing in disruptive technology, as Ms Wood at ARK makes clear.

Every week, she sends subscribers a commentary listing “stocks in our strategies that have appreciated or dropped more than 15 per cent in a day” during the week.

Her latest commentary, issued on Friday, showed seven stocks displaying extreme volatility, led by ExOne, a leader in binder jetting 3D printing technology. It jumped 24 per cent, boosted by news that fellow 3D printing specialist Stratasys had beaten fourth-quarter revenues and earnings expectations, seen as good news for the sector.

By contrast, computational drug and material discovery company Schrödinger fell 27 per cent after quarterly and full-year results showed its core software sales and drug development pipeline slowing.

Despite that setback, Ms Wood remains positive, arguing that its “medicinal chemistry platform offers a powerful and unique view into chemical space”.

In her weekly video view, she remains bullish, stating that: “We are on the right side of change, and disruptive innovation is going to deliver exponential growth trajectories for many of our companies, in fact, most of them.”

Ms Wood remains committed to Tesla as she expects global electric car sales to compound at an average annual rate of 82 per cent for the next five years.

She said these are so “enormous that some people find them unbelievable”, and argues that this scepticism, especially among institutional investors, “festers” and creates a great opportunity for ARK.

Only you can decide whether you are a believer or a festering sceptic. If it’s the former, then buckle up.

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

2025 Fifa Club World Cup groups

Group A: Palmeiras, Porto, Al Ahly, Inter Miami.

Group B: Paris Saint-Germain, Atletico Madrid, Botafogo, Seattle.

Group C: Bayern Munich, Auckland City, Boca Juniors, Benfica.

Group D: Flamengo, ES Tunis, Chelsea, (Leon banned).

Group E: River Plate, Urawa, Monterrey, Inter Milan.

Group F: Fluminense, Borussia Dortmund, Ulsan, Mamelodi Sundowns.

Group G: Manchester City, Wydad, Al Ain, Juventus.

Group H: Real Madrid, Al Hilal, Pachuca, Salzburg.

NYBL PROFILE

Company name: Nybl 

Date started: November 2018

Founder: Noor Alnahhas, Michael LeTan, Hafsa Yazdni, Sufyaan Abdul Haseeb, Waleed Rifaat, Mohammed Shono

Based: Dubai, UAE

Sector: Software Technology / Artificial Intelligence

Initial investment: $500,000

Funding round: Series B (raising $5m)

Partners/Incubators: Dubai Future Accelerators Cohort 4, Dubai Future Accelerators Cohort 6, AI Venture Labs Cohort 1, Microsoft Scale-up 

Top 10 in the F1 drivers' standings

1. Sebastian Vettel, Ferrari 202 points

2. Lewis Hamilton, Mercedes-GP 188

3. Valtteri Bottas, Mercedes-GP 169

4. Daniel Ricciardo, Red Bull Racing 117

5. Kimi Raikkonen, Ferrari 116

6. Max Verstappen, Red Bull Racing 67

7. Sergio Perez, Force India 56

8. Esteban Ocon, Force India 45

9. Carlos Sainz Jr, Toro Rosso 35

10. Nico Hulkenberg, Renault 26

One in four Americans don't plan to retire

Nearly a quarter of Americans say they never plan to retire, according to a poll that suggests a disconnection between individuals' retirement plans and the realities of ageing in the workforce.

Experts say illness, injury, layoffs and caregiving responsibilities often force older workers to leave their jobs sooner than they'd like.

According to the poll from The Associated Press-NORC Centre for Public Affairs Research, 23 per cent of workers, including nearly two in 10 of those over 50, don't expect to stop working. Roughly another quarter of Americans say they will continue working beyond their 65th birthday.

According to government data, about one in five people 65 and older was working or actively looking for a job in June. The study surveyed 1,423 adults in February this year.

For many, money has a lot to do with the decision to keep working.

"The average retirement age that we see in the data has gone up a little bit, but it hasn't gone up that much," says Anqi Chen, assistant director of savings research at the Centre for Retirement Research at Boston College. "So people have to live in retirement much longer, and they may not have enough assets to support themselves in retirement."

When asked how financially comfortable they feel about retirement, 14 per cent of Americans under the age of 50 and 29 per cent over 50 say they feel extremely or very prepared, according to the poll. About another four in 10 older adults say they do feel somewhat prepared, while just about one-third feel unprepared. 

"One of the things about thinking about never retiring is that you didn't save a whole lot of money," says Ronni Bennett, 78, who was pushed out of her job as a New York City-based website editor at 63.

She searched for work in the immediate aftermath of her layoff, a process she describes as akin to "banging my head against a wall." Finding Manhattan too expensive without a steady stream of income, she eventually moved to Portland, Maine. A few years later, she moved again, to Lake Oswego, Oregon. "Sometimes I fantasise that if I win the lottery, I'd go back to New York," says Ms Bennett.

 

Meydan race card

6.30pm: Maiden Dh 165,000 1,600m
7.05pm: Handicap Dh 185,000 2,000m
7.40pm: Maiden Dh 165,000 1,600m
8.15pm: Handicap Dh 190,000 1,400m
8.50pm: Handicap Dh 175,000 1,600m
9.25pm: Handicap Dh 175,000 1,200m
10pm: Handicap Dh 165,000 1,600m

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The biog

Favourite films: Casablanca and Lawrence of Arabia

Favourite books: Start with Why by Simon Sinek and Good to be Great by Jim Collins

Favourite dish: Grilled fish

Inspiration: Sheikh Zayed's visionary leadership taught me to embrace new challenges.