Leeds fight back to win seven-goal thriller against Bournemouth


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Crysencio Summerville fired Leeds’ late winner as they hit back from 3-1 down to beat Bournemouth 4-3 in another roller-coaster encounter at Elland Road.

Summerville was Leeds’ match-winner in last week’s shock win at Liverpool and he followed it up with another crucial strike that clinched back-to-back wins for Jesse Marsch’s side.

Bournemouth led 2-1 at the break after James Tavernier and Philip Billing had cancelled out Rodrigo’s early penalty.

Leeds were booed off by some fans at half-time and it looked bleak for the hosts when Dominic Solanke put the Cherries 3-1 ahead early in the second period.

But substitute Sam Greenwood curled home Leeds’ second and skipper Liam Cooper headed them level before Summerville slammed home the winner with six minutes remaining.

Leeds made a flying start and took the lead through Rodrigo’s third-minute penalty.

Marcos Senesi sent Summerville tumbling in the penalty area inside the opening 60 seconds and Rodrigo converted his seventh league goal of the season from the spot.

Bournemouth equalised four minutes later in their first attack. Robin Koch could only head Billing’s cross on to the back post and the unmarked Tavernier side-footed a volley into the bottom corner.

Leeds goalkeeper Illan Meslier turned Jefferson Lerma’s header over the crossbar as Bournemouth swarmed into the ascendancy and they silenced Elland Road with a second goal in the 18th minute.

Meslier blocked Tavernier’s effort, but the ball rebounded to the Bournemouth winger and he played it back to Billing, who smashed the visitors into a 2-1 lead from just inside the area.

Kieffer Moore spurned a gilt-edged chance to extend the Cherries’ lead when he shot tamely at Meslier from in front of goal, with Leeds all at sea again at the back after another swift counter-attack.

Bournemouth caught Leeds out in transition once more three minutes into the second half and doubled their lead.

Tavernier was afforded too much space on the left and his low cross was turned home by Solanke to put the visitors 3-1 ahead.

Marsch sent on Greenwood for Marc Roca soon after and that paid dividends as the substitute curled home an excellent finish from 20 yards after Pascal Struijk’s shot had been blocked.

Rodrigo blazed a chance high and wide as Leeds swept forward in search of an equaliser before skipper Cooper raised the Elland Road roof by heading home Greenwood’s 68th-minute corner.

Jack Stacey was a whisker away from firing Bournemouth back in front just moments after replacing Ryan Fredericks as a typically topsy-turvy game at Elland Road hung in the balance.

And it was Leeds who snatched the victory. Half-time substitute Willy Gnonto drove at the heart of Bournemouth’s weary back-line and slipped in Summerville, who raced on and buried his third goal of the season.

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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.”

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  • Views of key Muslim Brotherhood ideologue, Sayyid Qutb, have “consistently been understood” as permitting “the use of extreme violence in the pursuit of the perfect Islamic society” and “never been institutionally disowned” by the movement.
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Started: 2019
Co-founders: Ahmad Hammouda and Seif Amr
Sector: FinTech
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Top New Zealand cop on policing the virtual world

New Zealand police began closer scrutiny of social media and online communities after the attacks on two mosques in March, the country's top officer said.

The killing of 51 people in Christchurch and wounding of more than 40 others shocked the world. Brenton Tarrant, a suspected white supremacist, was accused of the killings. His trial is ongoing and he denies the charges.

Mike Bush, commissioner of New Zealand Police, said officers looked closely at how they monitored social media in the wake of the tragedy to see if lessons could be learned.

“We decided that it was fit for purpose but we need to deepen it in terms of community relationships, extending them not only with the traditional community but the virtual one as well," he told The National.

"We want to get ahead of attacks like we suffered in New Zealand so we have to challenge ourselves to be better."

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What: Brazil v South Korea
When: Tonight, 5.30pm
Where: Mohamed bin Zayed Stadium, Abu Dhabi
Tickets: www.ticketmaster.ae

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Updated: November 05, 2022, 6:49 PM