Visiting the White House in Washington is usually a wonderful experience for tourists. The architecture is beautiful, the pillars and layout familiar from television, even if the places where the real work often takes place can appear somewhat cramped, in a building created after British troops burnt down the original White House on August 24, 1814.
These awkward bits of history nowadays resurface between American and British politicians as a kind of shared historical joke. But as world leaders try to figure out how to deal with US President Donald Trump, last week we saw three very different relationships manifest.
Mr Trump's meeting with French President Emmanuel Macron meeting was cordial yet slightly awkward. The US President's meeting with UK Prime Minister Keir Starmer was a warm reinvention of a new kind of "special relationship". But as the world knows – and as historians will consider for decades – the unhappy meeting between Mr Trump and Ukrainian President Volodymyr Zelenskyy marks a turning point in US-European relations, with some speculating that it also prefigures the end of Nato itself.
As literally hundreds of millions of viewers saw, Mr Trump and US Vice President JD Vance berated Mr Zelenskyy over his supposed lack of gratitude for American assistance against Russian President Vladimir Putin. In the background, a small bust of Winston Churchill looked down on the roughest diplomatic show ever seen on international television.
No one can say for sure whether this was a trap set by Vance, who insulted Zelenskyy by suggesting Ukraine stages “propaganda tours” of the war zone to encourage foreign aid
The UK government minister Douglas Alexander echoed the views of millions of British and European viewers when he suggested that in standing up to Russia, Mr Zelenskyy is the bravest European leader since Churchill himself. Mr Trump appears to take a different view.
Journalists, politicians, diplomats, historians and TV viewers worldwide are still trying to make sense of what Mr Trump’s verbal blasting of Mr Zelenskyy means for Nato, transatlantic relations and the prospect of a real peace in Ukraine. There are some obvious lessons already.
First, visitors to the White House need to understand precisely why they have been invited. Mr Zelenskyy was not invited to discuss peace or security. He was invited to sign a multibillion-dollar minerals deal benefiting the US. In the Trump administration, money doesn’t talk – it shouts.
Second, Mr Trump is playing to one audience only: American voters. Mr Zelenskyy’s audience was much wider: Americans, Europeans, and of course, the Ukrainian people.
Third, visiting leaders to the Trump White House must prepare not only for the traditional meeting between heads of state and government, but for a reality TV show in which – as in The Apprentice – Mr Trump may announce: “You’re fired”.
Some commentators analysed the Zelenskyy debacle as a kind of televised ambush, led by Mr Vance, designed to irritate the obviously tired and stressed Ukrainian leader. If that was the plan, it worked. But seen in that light, we have to understand what an average American voter (or rather viewer) – if such a person exists in this complex and very diverse nation of 350 million people – may make of the meeting.
For example, an American journalist challenged Mr Zelenskyy for wearing combat clothes saying that "a lot of Americans have problems, with you not respecting the dignity of this office". Which “lot of Americans?” How many millions of viewers had he asked? None, presumably. It was just a provocative question.
Perhaps in the White House reality TV show, this journalist did not know that in 1942, Churchill, another leader in another war, also wore the combat clothes of his day at the White House. No lack of respect was involved by either leader.
Nevertheless, for tens of millions of Americans for whom Ukraine is a far-away country, of which they know little, and perhaps care even less, what they saw was a foreign leader in this shrine to American democracy getting into an ill-tempered argument with the President and Vice President of the US over allegedly being ungrateful for American military assistance.
Whether this was a trap set by Mr Vance, who insulted Mr Zelenskyy by suggesting Ukraine stages “propaganda tours” of the war zone to encourage foreign aid, no one can say for sure. But what is clear is that large sections of the American public may find it difficult to understand why they should care about the future of Ukraine.
US Senator Lindsey Graham, the South Carolina Republican, has been one of his party’s staunchest backers of Ukraine. But even he said: “I don’t know if we can ever do business with Zelenskyy again.” He called the Ukrainian leader’s behaviour in the Oval Office “disrespectful”.
Across Europe, television viewers appear to take a different message, namely that Ukraine, even if it is not part of Nato, is our frontline, too, and the Trump administration does not much care.
The most obvious question now is how far the Trump administration will – or will not – move to help ensure the survival of an independent Ukraine. But the bigger question is how far the Trump administration will also move to ensure the survival of Nato itself.
And above all, a White House meeting designed by Mr Trump to ensure a rapid move towards peace may unfortunately benefit the key player who was not present in the room: Mr Putin.
COMPANY%20PROFILE
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Teaching in coronavirus times
PROFILE
Name: Enhance Fitness
Year started: 2018
Based: UAE
Employees: 200
Amount raised: $3m
Investors: Global Ventures and angel investors
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AUSTRALIA SQUAD
Aaron Finch, Matt Renshaw, Brendan Doggett, Michael Neser, Usman Khawaja, Shaun Marsh, Mitchell Marsh, Tim Paine (captain), Travis Head, Marnus Labuschagne, Nathan Lyon, Jon Holland, Ashton Agar, Mitchell Starc, Peter Siddle
RESULT
Wolves 1 (Traore 67')
Tottenham 2 (Moura 8', Vertonghen 90 1')
Man of the Match: Adama Traore (Wolves)
Dhadak
Director: Shashank Khaitan
Starring: Janhvi Kapoor, Ishaan Khattar, Ashutosh Rana
Stars: 3
COMPANY%20PROFILE
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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.”
PSA DUBAI WORLD SERIES FINALS LINE-UP
Men’s:
Mohamed El Shorbagy (EGY)
Ali Farag (EGY)
Simon Rosner (GER)
Tarek Momen (EGY)
Miguel Angel Rodriguez (COL)
Gregory Gaultier (FRA)
Karim Abdel Gawad (EGY)
Nick Matthew (ENG)
Women's:
Nour El Sherbini (EGY)
Raneem El Welily (EGY)
Nour El Tayeb (EGY)
Laura Massaro (ENG)
Joelle King (NZE)
Camille Serme (FRA)
Nouran Gohar (EGY)
Sarah-Jane Perry (ENG)
Dunki
%3Cp%3E%3Cstrong%3EDirector%3A%3C%2Fstrong%3E%20Rajkumar%20Hirani%C2%A0%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarring%3A%3C%2Fstrong%3E%20Shah%20Rukh%20Khan%2C%20Taapsee%20Pannu%2C%20Vikram%20Kochhar%20and%20Anil%20Grover%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%204%2F5%3C%2Fp%3E%0A
Schedule for show courts
Centre Court - from 4pm UAE time
Johanna Konta (6) v Donna Vekic
Andy Murray (1) v Dustin Brown
Rafael Nadal (4) v Donald Young
Court 1 - from 4pm UAE time
Kei Nishikori (9) v Sergiy Stakhovsky
Qiang Wang v Venus Williams (10)
Beatriz Haddad Maia v Simona Halep (2)
Court 2 - from 2.30pm
Heather Watson v Anastasija Sevastova (18)
Jo-Wilfried Tsonga (12) v Simone Bolelli
Florian Mayer v Marin Cilic (7)
Company%20Profile
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Starring: Jamie Foxx, Angela Bassett, Tina Fey
Directed by: Pete Doctor
Rating: 4 stars
Fines for littering
In Dubai:
Dh200 for littering or spitting in the Dubai Metro
Dh500 for throwing cigarette butts or chewing gum on the floor, or littering from a vehicle.
Dh1,000 for littering on a beach, spitting in public places, throwing a cigarette butt from a vehicle
In Sharjah and other emirates
Dh500 for littering - including cigarette butts and chewing gum - in public places and beaches in Sharjah
Dh2,000 for littering in Sharjah deserts
Dh500 for littering from a vehicle in Ras Al Khaimah
Dh1,000 for littering from a car in Abu Dhabi
Dh1,000 to Dh100,000 for dumping waste in residential or public areas in Al Ain
Dh10,000 for littering at Ajman's beaches
England squad
Joe Root (captain), Alastair Cook, Keaton Jennings, Gary Ballance, Jonny Bairstow (wicketkeeper), Ben Stokes (vice-captain), Moeen Ali, Liam Dawson, Toby Roland-Jones, Stuart Broad, Mark Wood, James Anderson.
THE SPECS
Cadillac XT6 2020 Premium Luxury
Engine: 3.6L V-6
Transmission: nine-speed automatic
Power: 310hp
Torque: 367Nm
Price: Dh280,000
England squad
Goalkeepers: Jordan Pickford, Nick Pope, Aaron Ramsdale
Defenders: Trent Alexander-Arnold, Conor Coady, Marc Guehi, Reece James, Harry Maguire, Tyrone Mings, Luke Shaw, John Stones, Ben White
Midfielders: Jude Bellingham, Conor Gallagher, Mason Mount, Jordan Henderson, Declan Rice, James Ward-Prowse
Forwards: Tammy Abraham, Phil Foden, Jack Grealish, Harry Kane, Bukayo Saka, Emile Smith Rowe, Raheem Sterling
List of alleged parties
May 12, 2020: PM and his wife Carrie attend 'work meeting' with at least 17 staff
May 20, 2020: They attend 'bring your own booze party'
Nov 27, 2020: PM gives speech at leaving party for his staff
Dec 10, 2020: Staff party held by then-education secretary Gavin Williamson
Dec 13, 2020: PM and his wife throw a party
Dec 14, 2020: London mayoral candidate Shaun Bailey holds staff event at Conservative Party headquarters
Dec 15, 2020: PM takes part in a staff quiz
Dec 18, 2020: Downing Street Christmas party
Skoda Superb Specs
Engine: 2-litre TSI petrol
Power: 190hp
Torque: 320Nm
Price: From Dh147,000
Available: Now
Graduated from the American University of Sharjah
She is the eldest of three brothers and two sisters
Has helped solve 15 cases of electric shocks
Enjoys travelling, reading and horse riding