Take off for a weekend of wonder in Lausanne


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Why Lausanne?

With the snow falling and the ski season in Switzerland finally underway, thousands of tourists pass through Lausanne by train from Geneva Airport, onto the slopes of Verbier and the rest of the Alps. But that really doesn't do this lively student town justice, as it's filled with attractions, nightlife and a general vivacity that puts neighbouring Geneva to shame.

Thanks to its geography, Lausanne receives comparatively mild weather, meaning that its perennially bustling streets and restaurants are as enjoyable to visit in the crisp winter sunshine as they are in summer, when the pace of the entire city palpably slows. The city centre is small enough to cover on foot but big enough to offer one of Switzerland's best cultural programmes, making it a perfect weekend break.

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A comfortable bed

The best of Lausanne's hotels are to be found in Ouchy, at the edge of Lake Geneva. The five-star Beau-Rivage Palace (www.brp.ch; 0041 21 613 3306) is the undisputed grand dame, offering rooms with the best views in the city and featuring balconies that seem to stare down the mountains across the lake. The hotel is classically furnished, although the restaurants and bars are more contemporary, as is the stylish Cinq Mondes spa - and surfacing for breath in one of the pools and being greeted by an incredible Alpine panorama is an experience not to be missed. Rooms start from 540 Swiss francs (Dh2,116).

For a cheaper stay, the nearby Mövenpick (www.moevenpick-lausanne.com; 0041 21 612 7612) is a little farther along the shore and offers views nearly as impressive. It lacks the glamour of the Beau-Rivage, but with rooms from 205 francs (Dh803) a night, this bastion of Swiss hospitality is a pleasant, dependable and affordable choice, with helpful staff and plenty of dining options. In March, a new extension will add 72 ultra-modern rooms, complete with balconies.

Those who prefer to be in the centre of the action can check out L'Hotel (www.lhotel.ch; 0041 21 331 3939), which opened this year and offers 26 boutique rooms on Place de l'Europe in the city centre (doubles from 140 francs [Dh548]).

Meet the locals

In Lausanne, weekends belong to the outdoors year-round. Every weekend, les Lausannois descend the hills to Ouchy to spend the day on the long promenade, staring out across Lake Geneva to the Alps on the horizon. Diversions are plentiful, including cafes, restaurants and, atop the quirky Olympic Park, the Olympic Museum, a fascinating journey through the history of the world's most famous games.

As night falls, the pulse of the city beats from Flon, a former warehouse district that over the past decade has been reborn as a nightlife hub. The pedestrian-only streets buzz with revellers hopping from cinema to restaurant, bar to club until the early hours of the morning.

Find your feet

For most people, Lausanne's challenging topography means that the best walks start at the top and go down. Fortunately, the highest point in the city is the splendid Gothic cathedral, a medieval landmark that ranks among Switzerland's finest historical buildings. After admiring the view, take the 13th century Escaliers du Marché walkway down towards the heart of the old town, where you'll emerge in Place de la Palud. If it's a Saturday, the square will be filled by a country market and street musicians.

From there, follow the hill down, across Rue Centrale, and then back up again to Place Saint-François, another central square flanked by beautiful façades and the Saint-François church. From here, it's simply a question of continuing downhill for another 20 minutes or so towards Ouchy and the lakefront. Those in need of a break can hop on the metro for an eight-minute ride from the nearby metro station at Lausanne-Flon.

Book a table

Anne Sophie Pic at the Beau-Rivage Palace (www.pic-beaurivagepalace.ch; 0041 21 613 3339) is undoubtedly one of the best dining experiences in the city, serving French cuisine inspired by seasonal ingredients and with a lake view to die for. Be warned, though: Pic's two Michelin-starred cuisine doesn't come cheap - you'll pay 90 francs (Dh352) for a main course. A cheaper option, but still with a lake-view terrace, is to be found next door at L'accademia (www.angleterre-residence.ch; 0041 21 613 3434), which serves simple Italian-inspired dishes (main courses from 40 francs; Dh156) in a building where Lord Byron wrote The Prisoner of Crillon.

For a real Swiss dish, there are some excellent choices in the city proper. La Pomme de Pin (www.lapommedepin.ch; 0041 21 323 4656), on a quiet street behind the cathedral, was supposedly a haunt of Coco Chanel, Charlie Chaplin and Winston Churchill and offers traditional food in a cosy yet refined atmosphere (main courses around 50 francs [Dh195]). Pinte Besson (www.pinte-besson.com; 0041 21 312 5969), where tourists and locals share cheese-infused air and lively chatter, is Lausanne's oldest restaurant and the best place to enjoy a fondue (main courses around 30 francs [Dh117]).

Shopper's paradise

The busy Rue de Bourg is home to most of the top brands, although it gets crowded at the weekend. For a more sedate shopping experience, head to the streets around Place de la Palud, where boutiques punctuate upmarket Swiss department stores such as Manor and Globus.

What to avoid

All but the hardiest walkers are likely to find Lausanne's steep territory demanding. Seemingly aware of the problem, many of the hotels offer guests free public transport cards - don't decline the offer until you've experienced the hills yourself.

Don't miss

Stand in the vicinity of the cathedral between 10pm and 2am and you'll hear the night watchman issuing his hourly proclamation across the rooftops, a ritual that dates from the 15th century but Lausanne is the only city in Europe to have kept the tradition, all year round, whatever the weather.

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Empty Words

By Mario Levrero  

(Coffee House Press)
 

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UFC Fight Night 2

1am – Early prelims

2am – Prelims

4am-7am – Main card

7:30am-9am – press cons

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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Abu Dhabi GP schedule

Friday: First practice - 1pm; Second practice - 5pm

Saturday: Final practice - 2pm; Qualifying - 5pm

Sunday: Etihad Airways Abu Dhabi Grand Prix (55 laps) - 5.10pm

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What are the influencer academy modules?
  1. Mastery of audio-visual content creation. 
  2. Cinematography, shots and movement.
  3. All aspects of post-production.
  4. Emerging technologies and VFX with AI and CGI.
  5. Understanding of marketing objectives and audience engagement.
  6. Tourism industry knowledge.
  7. Professional ethics.
ITU Abu Dhabi World Triathlon

For more information go to www.abudhabi.triathlon.org.

'Saand Ki Aankh'

Produced by: Reliance Entertainment with Chalk and Cheese Films
Director: Tushar Hiranandani
Cast: Taapsee Pannu, Bhumi Pednekar, Prakash Jha, Vineet Singh
Rating: 3.5/5 stars

Uefa Nations League: How it Works

The Uefa Nations League, introduced last year, has reached its final stage, to be played over five days in northern Portugal. The format of its closing tournament is compact, spread over two semi-finals, with the first, Portugal versus Switzerland in Porto on Wednesday evening, and the second, England against the Netherlands, in Guimaraes, on Thursday.

The winners of each semi will then meet at Porto’s Dragao stadium on Sunday, with the losing semi-finalists contesting a third-place play-off in Guimaraes earlier that day.

Qualifying for the final stage was via League A of the inaugural Nations League, in which the top 12 European countries according to Uefa's co-efficient seeding system were divided into four groups, the teams playing each other twice between September and November. Portugal, who finished above Italy and Poland, successfully bid to host the finals.