Untypical summer fare has filled the Italian TV screens this August alongside the improbable comic stunt shows.
There are staid politicians addressing panels of experts on shows with titles such as La Corsa al Voto (The race to the vote), covering the late September general election. On successive evenings, the public heard views from the leading lights of the political scene, including former prime minister Giuseppe Conte and outgoing foreign minister Luigi Di Maio. The pair are former comrades in the Five Star movement that topped the poll in the 2018 election but has since collapsed in a spectacular feud.
If the polls are correct, Giorgia Meloni looks almost certain to be the poll topper in the upcoming vote. And unlike Mr Di Maio last time, she already has an electoral pact with partners that says she would be prime minister if she wins.
Ms Meloni brings with her the taint of fascism. The party she leads, called Brothers of Italy, is a straight line descendent of Benito Mussolini’s forces. Those sympathisers have not managed to come anywhere close to the levers of power in post-Second World War Italy. So it is a big deal that the surveys have the movement at 25 per cent with only a few short weeks until the ballots are cast.
Riding shotgun with the far-right leader is Lega Nord's Matteo Salvini, the rabble-rousing, pro-Russia former interior minister, and Silvio Berlusconi, the equally Moscow-tainted former prime minister.
In Italy, so many men of high and low stature have essentially manufactured the same outcomes
Ever the opportunist Mr Berlusconi is appealing for votes on the basis that his centre-right party would be a moderating influence on his prospective partners in government. The hinge of Italy’s future, then, becomes what would Ms Meloni do if her quest pays off.
For most observers of the European political scene, the same fearful questions that surrounded the rise of Marine Le Pen in France now centre on Ms Meloni. How can a far-right movement linked to evil be allowed to control the state? Can Ms Meloni be taken at face value when she says that the direction she sets is not the one that critics allege?
There are signs that the proposition represented by Ms Meloni does not conform with the received wisdom. Ms Meloni appears, for example, to be more polished and self-possessed than Ms Le Pen. The seminal truth about the French politician is that she inherited the National Front from her father Jean Marie Le Pen.
The key moment in Ms Le Pen’s career to date remains when she issued a manifesto in 2017 that included a garbled promise to exit the euro. It was an epic misjudgement. That is not a trap that Ms Meloni is poised to fall into, particularly as Rome is lined up to be the biggest beneficiary of the EU’s latest stimulus package.
Another difference is the manner in which Ms Meloni addresses the narrative around her party. As she prepared a video this week for Italy’s foreign press, she shot versions in the English, French and Spanish languages. Pointedly, perhaps, she said in a tweet that German was the major lingua she did not dare to take on.
The address amounted to an extensive rebuttal of the left-wing talking points that she feels defines the press coverage her party generates in the foreign (and across much of the Italy’s) media. Describing as nonsense, she dismissed allegations that a new government would be a danger to European history and the euro. "The Italian right has handed fascism over to history for decades now, unambiguously condemning the suppression of democracy and the ignominious anti-Jewish laws,” she said as she depicted her party as a pillar of European Conservative movements.
Critics on the left dismiss her plan to use the navy to stop migrant boats at sea near the North African coast as illegal.
Italy is unusual among the large European states in having an informal pressure valve in its politics. At a time of great stress, international figures who have served in appointee roles emerge as prime ministers. Mario Draghi, the current Prime Minister, is an example of this, having served as head of the European Central Bank. A decade before, it was Mario Monti, a distinguished former European commissioner, who led Italy through the global financial crisis. Romano Prodi, the former president of the European Commission, also returned from the high international councils to serve as prime minister as the strains of near bankruptcy loomed.
There are many countries who wish they could be as lucky to draw on such talents. It is undeniable, however, that the real business of politics is to win elections and provide stable leadership.
Ms Meloni has a chance to rewrite the Italian political script by proving that she is a singular woman who can shake up how the country is governed. There is something of an open goal for her to do so, given that so many men of high and low stature have essentially manufactured the same outcomes.
This means not just laying off the nasty stuff, such as targeting migrants, but offering a sense of purpose. Redefining Italy has, after all, been far too big a challenge for all the men who came before.
Emergency
Director: Kangana Ranaut
Stars: Kangana Ranaut, Anupam Kher, Shreyas Talpade, Milind Soman, Mahima Chaudhry
Rating: 2/5
Killing of Qassem Suleimani
LEAGUE CUP QUARTER-FINAL DRAW
Stoke City v Tottenham
Brentford v Newcastle United
Arsenal v Manchester City
Everton v Manchester United
All ties are to be played the week commencing December 21.
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Sreesanth's India bowling career
Tests 27, Wickets 87, Average 37.59, Best 5-40
ODIs 53, Wickets 75, Average 33.44, Best 6-55
T20Is 10, Wickets 7, Average 41.14, Best 2-12
COMPANY PROFILE
Name: Kumulus Water
Started: 2021
Founders: Iheb Triki and Mohamed Ali Abid
Based: Tunisia
Sector: Water technology
Number of staff: 22
Investment raised: $4 million
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.”
MATCH INFO
Uefa Champions League quarter-final (first-leg score):
Juventus (1) v Ajax (1), Tuesday, 11pm UAE
Match will be shown on BeIN Sports
Major honours
ARSENAL
BARCELONA
- La Liga - 2013
- Copa del Rey - 2012
- Fifa Club World Cup - 2011
CHELSEA
- Premier League - 2015, 2017
- FA Cup - 2018
- League Cup - 2015
SPAIN
- World Cup - 2010
- European Championship - 2008, 2012
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Henrik Stenson's finishes at Abu Dhabi HSBC Championship:
2006 - 2
2007 - 8
2008 - 2
2009 - MC
2010 - 21
2011 - 42
2012 - MC
2013 - 23
2014 - MC
2015 - MC
2016 - 3
2017 - 8
Singham Again
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Cherry
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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
Trump v Khan
2016: Feud begins after Khan criticised Trump’s proposed Muslim travel ban to US
2017: Trump criticises Khan’s ‘no reason to be alarmed’ response to London Bridge terror attacks
2019: Trump calls Khan a “stone cold loser” before first state visit
2019: Trump tweets about “Khan’s Londonistan”, calling him “a national disgrace”
2022: Khan’s office attributes rise in Islamophobic abuse against the major to hostility stoked during Trump’s presidency
July 2025 During a golfing trip to Scotland, Trump calls Khan “a nasty person”
Sept 2025 Trump blames Khan for London’s “stabbings and the dirt and the filth”.
Dec 2025 Trump suggests migrants got Khan elected, calls him a “horrible, vicious, disgusting mayor”
The biog
From: Ras Al Khaimah
Age: 50
Profession: Electronic engineer, worked with Etisalat for the past 20 years
Hobbies: 'Anything that involves exploration, hunting, fishing, mountaineering, the sea, hiking, scuba diving, and adventure sports'
Favourite quote: 'Life is so simple, enjoy it'
Reputation
Taylor Swift
(Big Machine Records)
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