China overcome spills to take lead


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BEIJING // A crash landing off the asymmetric bars by He Kexin failed to stop China from upstaging an injury-hit United States team in the women's qualifying. The two gymnastics superpowers headed for a golden showdown in Wednesday's team final but both had to overcome setbacks on the opening day of the women's competition. He, one of the favourites for the asymmetric bars title, drew gasps from the crowd as she executed four stunning release-and-catch combinations in a high-flying routine.

But she slipped off while attempting to glide from the higher to the lower bar in what is usually a simple manoeuvre. After remounting the apparatus and completing her dismount, He, 16, burst into tears and had to be consoled by her coach. Despite the spill, she still scored a respectable 15.725. Such is the depth of talent in the Chinese team, they were able to make light of the mishap and set the benchmark with a combined total of 248.275 points. World champions the USA earned 246.800, while Romania's hold on the Olympic title looked shaky as they trailed with 238.425.

The day began badly for the Americans when Samantha Peszek injured her ankle in the warm-up. They had only four healthy gymnasts in their line-up and knew there was little room for error as every score would count. The pressure seemed to affect Bridget Sloan and Alicia Sacramone, who both incurred penalties for stepping out of the area on the floor exercise. Nastia Liukin and Memmel added to the day's drama when they both came to grief on the asymmetric bars. Memmel lost her rhythm while rotating around the bar and fell off mid-routine.

Liukin drew "oohs" for her jaw-dropping display but took the shine off it when she mistimed her dismount and landed awkwardly before rolling backwards on to her bottom. Like China's He, she was rewarded for her daring content and stayed on course for the apparatus final with 15.950. "Wow, what a day," said the US team co-ordinator Martha Karolyi. "On bars I cannot imagine what happened. I was totally surprised. Some sort of nerves may have been playing."

World all-round champion Shawn Johnson kept her wits about her to top the standings for the individual crown with 62.725. Liukin was second with 62.375 and China's Yang Yilin stood third. Cheng Fei lived up to her billing as one of the favourites for the vault and floor titles. The three-times world vault champion produced two soaring somersaults to top the field with an average of 15.912. Her floor routine was equally explosive and the giant screens in the National Indoor Stadium proclaimed gasps from the crowd as soon as she had nailed her final tumble and scored 15.750.

While China's 1.3 billion inhabitants expect Cheng and company to give them their first Olympic women's team title in gymnastics, she was more concerned about Wednesday's early start. "I'm tense about it. I'll be lying awake worrying about it all night, I'll be very tired by the morning," Cheng said. Traditionally gymnastics medals are contested in the evening but American host broadcaster NBC wanted morning finals to show on prime-time TV in the United States.

*Reuters

From Zero

Artist: Linkin Park

Label: Warner Records

Number of tracks: 11

Rating: 4/5

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Indoor Cricket World Cup

Venue Insportz, Dubai, September 16-23

UAE squad Saqib Nazir (captain), Aaqib Malik, Fahad Al Hashmi, Isuru Umesh, Nadir Hussain, Sachin Talwar, Nashwan Nasir, Prashath Kumara, Ramveer Rai, Sameer Nayyak, Umar Shah, Vikrant Shetty

Poland Statement
All people fleeing from Ukraine before the armed conflict are allowed to enter Poland. Our country shelters every person whose life is in danger - regardless of their nationality.

The dominant group of refugees in Poland are citizens of Ukraine, but among the people checked by the Border Guard are also citizens of the USA, Nigeria, India, Georgia and other countries.

All persons admitted to Poland are verified by the Border Guard. In relation to those who are in doubt, e.g. do not have documents, Border Guard officers apply appropriate checking procedures.

No person who has received refuge in Poland will be sent back to a country torn by war.

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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.”

The biog

Hobby: Playing piano and drawing patterns

Best book: Awaken the Giant Within by Tony Robbins

Food of choice: Sushi  

Favourite colour: Orange

Tips to stay safe during hot weather
  • Stay hydrated: Drink plenty of fluids, especially water. Avoid alcohol and caffeine, which can increase dehydration.
  • Seek cool environments: Use air conditioning, fans, or visit community spaces with climate control.
  • Limit outdoor activities: Avoid strenuous activity during peak heat. If outside, seek shade and wear a wide-brimmed hat.
  • Dress appropriately: Wear lightweight, loose and light-coloured clothing to facilitate heat loss.
  • Check on vulnerable people: Regularly check in on elderly neighbours, young children and those with health conditions.
  • Home adaptations: Use blinds or curtains to block sunlight, avoid using ovens or stoves, and ventilate living spaces during cooler hours.
  • Recognise heat illness: Learn the signs of heat exhaustion and heat stroke (dizziness, confusion, rapid pulse, nausea), and seek medical attention if symptoms occur.
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Scores in brief:

Day 1

New Zealand (1st innings) 153 all out (66.3 overs) - Williamson 63, Nicholls 28, Yasir 3-54, Haris 2-11, Abbas 2-13, Hasan 2-38

Pakistan (1st innings) 59-2 (23 overs)

SPECS

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Torque: 350Nm
Transmission: Nine-speed automatic
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AndhaDhun

Director: Sriram Raghavan

Producer: Matchbox Pictures, Viacom18

Cast: Ayushmann Khurrana, Tabu, Radhika Apte, Anil Dhawan

Rating: 3.5/5

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How to protect yourself when air quality drops

Install an air filter in your home.

Close your windows and turn on the AC.

Shower or bath after being outside.

Wear a face mask.

Stay indoors when conditions are particularly poor.

If driving, turn your engine off when stationary.

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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