Vera Farrants is at pains not to offend the previous owners of her flat, whom she knows and likes. All the same, it is clear that she wasn't impressed with their taste. "I don't want anything nasty said about them, but she had very different ideas compared to what I think."
The large double-height apartment is in an Edwardian town house on Great Portland Street, Westminster, London. Vera, who runs an interior design business, and her husband, Ronald, had lived in Richmond for 25 years but after their children grew up and their four dogs passed away, they decided that it was time to move into town. They acquired the Portland Street property in 2009.
Vera inherited an interior that was full of bright colours - red, pink and green paint and wallpaper - and stairs that were made of dark wood. The lighting was "almost zero", she recalls, with centre lights everywhere. The downstairs area had just bare bulbs and surface lighting.
"It's clear that she had thought about parts of it and wanted to make it homely, but I found it nondescript. Of course, these are all subjective judgements," Vera says.
After designing law offices for many years, Vera had a clear sense of what she wanted in her own home - something "diametrically opposed" to the previous owner's design: a sense of lightness, openness and breadth.
She drew back a dividing wall that was obscuring the upstairs dining area to create more flow between the living and eating areas. Then she installed a false ceiling in the living room to improve the shape of the room.
Downstairs, she transformed the dark, wooden staircase into an open, wide-treaded glass and travertine marble statement piece, which leads to a ceramic-tiled room. She wanted to make use of the unusually wide four-by-six-metre hall at the foot of the stairs, which let in plenty of light even though it was underground.
"When it came to designing the staircase and downstairs hall, I was inspired by the work of the Italian architect Carlo Scarpa. If you go to his Querini Stampalia museum in Venice, you can see how I paid tribute to his wide, flowing spaces. My style is more European than English."
Throughout the flat, Vera replaced the existing deep colours with whites and greys, against which she could display the wide range of arts and crafts pieces that she and Ronald had picked up during their travels around the world.
These wide and varied elements give visitors the sense of being in a very personal museum devoted to the love of colour. Objects range from the extremely precious - a large, 1780 mantel clock at the centre of the living room - to the personal - tapestries woven by Vera's mother and sketches and paintings by Ronald's father, an architect who was killed during the Second World War. "Whenever he found a particularly nice piece of wood, he used to make something for me," Vera says.
In between, there are large canvases, including one in the dining room depicting the Grand Canyon by the English artist Penny Wood, a blue 1930s balloon vase in the downstairs hall that was picked up in a sale, and a quilt from Uzbekistan in the spare room.
"It's a house for people who like art and know what they are looking at," she says, admitting that it's not "everyone's scene".
Vera is also aware of the design implications of each piece, and has created zones in which the tones harmonise. The blue balloon vase sits alongside other blue pieces, including Japanese vases, Islamic plates and a contemporary Carrera marble statue called Grace by the sculptor Paul Vanston. The colour is picked up in a rug on the floor, softened by a rug on the wall bought in Jaipur and carried through to the contemporary velvet upholstery on a 19th-century chair.
For the master bedroom, Vera kept things neutral. "Some people would point to it as an example of me being a winter person, but by having it monochrome you can change the colours of the cushions throughout the year. The bed is made by an Italian family and is beautifully made. The drawers are lined in tulip wood."
Meanwhile, Vera's dressing room / spare room is all bright reds and oranges, from the quilt to a Burmese peasant's dress to the more contemporary Kenzo fabric used to reupholster a pair of antique armchairs.
Throughout the house, innovative lighting from the Italian lighting designer Viabizzuno is its own form of art, from sculptural brackets that round corners or sit on walls, to square lamps that beam light on to the ceiling and intricate recessed ceiling lamps. "All of us have things that we love that we have picked up over the years," Vera says. "Well, why not display them and light them properly?"
Virtual banks explained
What is a virtual bank?
The Hong Kong Monetary Authority defines it as a bank that delivers services through the internet or other electronic channels instead of physical branches. That means not only facilitating payments but accepting deposits and making loans, just like traditional ones. Other terms used interchangeably include digital or digital-only banks or neobanks. By contrast, so-called digital wallets or e-wallets such as Apple Pay, PayPal or Google Pay usually serve as intermediaries between a consumer’s traditional account or credit card and a merchant, usually via a smartphone or computer.
What’s the draw in Asia?
Hundreds of millions of people under-served by traditional institutions, for one thing. In China, India and elsewhere, digital wallets such as Alipay, WeChat Pay and Paytm have already become ubiquitous, offering millions of people an easy way to store and spend their money via mobile phone. Indonesia, Vietnam and the Philippines are also among the world’s biggest under-banked countries; together they have almost half a billion people.
Is Hong Kong short of banks?
No, but the city is among the most cash-reliant major economies, leaving room for newcomers to disrupt the entrenched industry. Ant Financial, an Alibaba Group Holding affiliate that runs Alipay and MYBank, and Tencent Holdings, the company behind WeBank and WeChat Pay, are among the owners of the eight ventures licensed to create virtual banks in Hong Kong, with operations expected to start as early as the end of the year.
WHAT IS A BLACK HOLE?
1. Black holes are objects whose gravity is so strong not even light can escape their pull
2. They can be created when massive stars collapse under their own weight
3. Large black holes can also be formed when smaller ones collide and merge
4. The biggest black holes lurk at the centre of many galaxies, including our own
5. Astronomers believe that when the universe was very young, black holes affected how galaxies formed
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Armies of Sand
By Kenneth Pollack (Oxford University Press)
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
Jetour T1 specs
Engine: 2-litre turbocharged
Power: 254hp
Torque: 390Nm
Price: From Dh126,000
Available: Now
How to keep control of your emotions
If your investment decisions are being dictated by emotions such as fear, greed, hope, frustration and boredom, it is time for a rethink, Chris Beauchamp, chief market analyst at online trading platform IG, says.
Greed
Greedy investors trade beyond their means, open more positions than usual or hold on to positions too long to chase an even greater gain. “All too often, they incur a heavy loss and may even wipe out the profit already made.
Tip: Ignore the short-term hype, noise and froth and invest for the long-term plan, based on sound fundamentals.
Fear
The risk of making a loss can cloud decision-making. “This can cause you to close out a position too early, or miss out on a profit by being too afraid to open a trade,” he says.
Tip: Start with a plan, and stick to it. For added security, consider placing stops to reduce any losses and limits to lock in profits.
Hope
While all traders need hope to start trading, excessive optimism can backfire. Too many traders hold on to a losing trade because they believe that it will reverse its trend and become profitable.
Tip: Set realistic goals. Be happy with what you have earned, rather than frustrated by what you could have earned.
Frustration
Traders can get annoyed when the markets have behaved in unexpected ways and generates losses or fails to deliver anticipated gains.
Tip: Accept in advance that asset price movements are completely unpredictable and you will suffer losses at some point. These can be managed, say, by attaching stops and limits to your trades.
Boredom
Too many investors buy and sell because they want something to do. They are trading as entertainment, rather than in the hope of making money. As well as making bad decisions, the extra dealing charges eat into returns.
Tip: Open an online demo account and get your thrills without risking real money.