Fresh downpours sparked transport chaos in Spain on Monday, as anger spreads following the worst flash floods in the country's modern history. Barcelona's El Prat airport, Spain's second-busiest, said 50 flights were cancelled or delayed and 17 diverted on Monday, while the city closed some flooded metro stations and regional trains were suspended.
Images on social media showed cars ploughing through flooded roads in the Barcelona suburbs of Castelldefels and Gava and barefoot travellers wading through water that had seeped into El Prat. The death toll from Spain's floods stands at 217, almost all of them in the eastern Valencia region, with an unknown number of people remain missing and the country bracing for the discovery of more corpses.
The army sent about 5,000 soldiers over the weekend to help distribute food and water, clean up streets and guard against looters. A further 2,500 will join them, Defence Minister Margarita Robles told the state-owned radio station RNE. A warship carrying 104 marine infantry soldiers as well as lorries with food and water was approaching Valencia port as a strong hailstorm pummelled Barcelona some 300km to the north.
The national weather service Aemet announced the end of the emergency for Valencia but torrential rain struck Catalonia, where residents received telephone alerts urging caution. Regional authorities warned of potential landslides and more flooding. Spain is also grappling with the aftermath of an extraordinary outburst of popular anger in which crowds heckled and hurled mud at King Felipe VI, Queen Letizia and Prime Minister Pedro Sanchez.
The Civil Guard has opened an investigation into the chaos in the town of Paiporta that cut short their visit on Sunday, Interior Minister Fernando Grande-Marlaska told the public broadcaster TVE. He blamed "marginal groups" for instigating the situation, during which mud was spattered over the monarch's face and clothes and a window of Mr Sanchez's car was broken.
The incident underscored growing anger at the authorities' preparation for and reaction to the catastrophe. Experts have questioned the efficacy of the warning systems that failed to alert the population in time, and the speed of the response.
"They were saying 'alert for water', but they should have said it was a flood," Teresa Gisbert, 62, told AFP in the destroyed town of Sedavi, saying she had "lost everything". Thousands of soldiers, police officers, civil guards and firefighters spent a sixth day distributing aid and clearing mud and debris as the search for bodies goes on.
However, relief only reached some towns days after the disaster and in many cases volunteers were the first to provide food, water, sanitation and cleaning equipment. On Monday divers concentrated their search for missing bodies in garages and a multistorey car park in the town of Aldaia. They also scanned the mouths of rivers, where currents may have deposited more bodies. "With drones we can send them inside the garages and have a first visual of what's going on," police spokesman Ricardo Gutierrez said.
The storm caught many victims in their vehicles on roads and in underground spaces such as car parks, tunnels and garages, where rescue operations are particularly difficult. Local authorities in Valencia extended travel restrictions for another two days, cancelled classes and urged residents to work from home to facilitate the work of the emergency services.
Storms coming off the Mediterranean are common at this time of year, but scientists have warned human-induced climate change is increasing the ferocity, length and frequency of extreme weather events. Rescuers used drones and water pumps to search and clear underground car parks and garages.
Opposition politicians accused the left-wing central government of acting too slowly to warn residents and send in rescuers, while the central government has said regional authorities are responsible for civil protection. The anger vented against all sides reflects a general disillusionment with the political class, analysts at Eurointelligence wrote in a note on Monday.
"If the aftermath turns into a big finger-pointing exercise, it will probably deepen that anti-politics sentiment," it said. Lack of clarity over the numbers of dead and missing has added to the frustration. A helpline has been set up for people to report relatives missing, with the government saying "dozens and dozens" are still unaccounted for.
Sonia Luque, co-ordinator of the Network of Road Assistance Companies (REAC), said more than 100,000 cars have been damaged. It was the worst flood-related disaster in Europe in five decades.
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.”
Where%20the%20Crawdads%20Sing
%3Cp%3E%3Cstrong%3EDirector%3A%20%3C%2Fstrong%3EOlivia%20Newman%3Cbr%3E%3Cstrong%3EStars%3A%3C%2Fstrong%3E%20Daisy%20Edgar-Jones%2C%20Taylor%20John%20Smith%2C%20Harris%20Dickinson%2C%20David%20Strathairn%3Cbr%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%202%2F5%3C%2Fp%3E%0A
War
Director: Siddharth Anand
Cast: Hrithik Roshan, Tiger Shroff, Ashutosh Rana, Vaani Kapoor
Rating: Two out of five stars
UAE currency: the story behind the money in your pockets
Citadel: Honey Bunny first episode
Directors: Raj & DK
Stars: Varun Dhawan, Samantha Ruth Prabhu, Kashvi Majmundar, Kay Kay Menon
Rating: 4/5
57%20Seconds
%3Cp%3E%3Cstrong%3EDirector%3A%3C%2Fstrong%3E%20Rusty%20Cundieff%0D%3Cbr%3E%3Cstrong%3EStars%3A%20%3C%2Fstrong%3EJosh%20Hutcherson%2C%20Morgan%20Freeman%2C%20Greg%20Germann%2C%20Lovie%20Simone%0D%3Cbr%3E%3Cstrong%3ERating%3A%20%3C%2Fstrong%3E2%2F5%0D%3Cbr%3E%0D%3Cbr%3E%3C%2Fp%3E%0A
The specs: 2017 Lotus Evora Sport 410
Price, base / as tested Dh395,000 / Dh420,000
Engine 3.5L V6
Transmission Six-speed manual
Power 410hp @ 7,000rpm
Torque 420Nm @ 3,500rpm
Fuel economy, combined 9.7L / 100km
The%20specs
%3Cp%3E%0D%3Cstrong%3EEngine%3A%20%3C%2Fstrong%3E4.0-litre%20twin-turbo%20V8%0D%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E666hp%20at%206%2C000rpm%0D%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E850Nm%20at%202%2C300-4%2C500rpm%0D%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3E8-speed%20auto%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3EQ1%202023%0D%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3Efrom%20Dh1.15%20million%20(estimate)%3C%2Fp%3E%0A
Bournemouth 0
Manchester United 2
Smalling (28'), Lukaku (70')
Final results:
Open men
Australia 94 (4) beat New Zealand 48 (0)
Plate men
England 85 (3) beat India 81 (1)
Open women
Australia 121 (4) beat South Africa 52 (0)
Under 22 men
Australia 68 (2) beat New Zealand 66 (2)
Under 22 women
Australia 92 (3) beat New Zealand 54 (1)
Quick pearls of wisdom
Focus on gratitude: And do so deeply, he says. “Think of one to three things a day that you’re grateful for. It needs to be specific, too, don’t just say ‘air.’ Really think about it. If you’re grateful for, say, what your parents have done for you, that will motivate you to do more for the world.”
Know how to fight: Shetty married his wife, Radhi, three years ago (he met her in a meditation class before he went off and became a monk). He says they’ve had to learn to respect each other’s “fighting styles” – he’s a talk it-out-immediately person, while she needs space to think. “When you’re having an argument, remember, it’s not you against each other. It’s both of you against the problem. When you win, they lose. If you’re on a team you have to win together.”
Volunteers offer workers a lifeline
Community volunteers have swung into action delivering food packages and toiletries to the men.
When provisions are distributed, the men line up in long queues for packets of rice, flour, sugar, salt, pulses, milk, biscuits, shaving kits, soap and telecom cards.
Volunteers from St Mary’s Catholic Church said some workers came to the church to pray for their families and ask for assistance.
Boxes packed with essential food items were distributed to workers in the Dubai Investments Park and Ras Al Khaimah camps last week. Workers at the Sonapur camp asked for Dh1,600 towards their gas bill.
“Especially in this year of tolerance we consider ourselves privileged to be able to lend a helping hand to our needy brothers in the Actco camp," Father Lennie Connully, parish priest of St Mary’s.
Workers spoke of their helplessness, seeing children’s marriages cancelled because of lack of money going home. Others told of their misery of being unable to return home when a parent died.
“More than daily food, they are worried about not sending money home for their family,” said Kusum Dutta, a volunteer who works with the Indian consulate.
Mumbai Indians 213/6 (20 ov)
Royal Challengers Bangalore 167/8 (20 ov)
The Sand Castle
Director: Matty Brown
Stars: Nadine Labaki, Ziad Bakri, Zain Al Rafeea, Riman Al Rafeea
Rating: 2.5/5
Wicked: For Good
Director: Jon M Chu
Starring: Ariana Grande, Cynthia Erivo, Jonathan Bailey, Jeff Goldblum, Michelle Yeoh, Ethan Slater
Rating: 4/5
Vidaamuyarchi
Director: Magizh Thirumeni
Stars: Ajith Kumar, Arjun Sarja, Trisha Krishnan, Regina Cassandra
Rating: 4/5