Hayley Raso, second left, celebrates with her Australia teammates after scoring her second against Canada in their Women's World Cup Group B match on July 31, 2023. EPA
Hayley Raso, second left, celebrates with her Australia teammates after scoring her second against Canada in their Women's World Cup Group B match on July 31, 2023. EPA
Hayley Raso, second left, celebrates with her Australia teammates after scoring her second against Canada in their Women's World Cup Group B match on July 31, 2023. EPA
Hayley Raso, second left, celebrates with her Australia teammates after scoring her second against Canada in their Women's World Cup Group B match on July 31, 2023. EPA

Hayley Raso scores twice as Australia thrash Canada to reach World Cup last 16


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Co-hosts Australia kept their Women's World Cup dream alive with a 4-0 thrashing of Olympic champions Canada to reach the last 16 on Monday.

The Matildas came into the clash needing victory to ensure they made the knockout stages after a stunning 3-2 defeat to Nigeria left them on a knife-edge.

They thrived on the pressure in front of more than 27,000 in Melbourne to consign Canada to an early flight home, with Hayley Raso scoring twice.

Australia top Group B ahead of Nigeria, who drew 0-0 with Ireland, and will face a clash against the second-placed team in Group D – probably Denmark or China – in the next round.

"I'm so, so proud of this team," said coach Tony Gustavsson. "The players, there's something special about this group."

Real Madrid's Raso put them ahead in the ninth minute, firing low into the corner after captain Steph Catley fed a teasing low cross.

They had a goal controversially disallowed 10 minutes before the break, but Raso made sure on their very next attack for her second with a close-range tap-in.

A shellshocked Canada made four changes at half-time, but the comeback never materialised and Mary Fowler bagged Australia's third from a counter-attack before Catley sealed victory with an injury-time penalty.

"Everybody fought for each other, you could see that out there," said Raso. "We showed that never-say-die attitude and we're absolutely delighted."

But it was the end of the road for Canada, who would have been through with a draw.

"Reality is setting in but all credit to Australia, they were the better team," coach Bev Priestman said.

"Football is cruel, it wasn't our night, and that is it."

Republic of Ireland boss Vera Pauw said her players were bowing out as “world stars” after their debut at the World Cup ended with them securing a historic point.

Having seen their last-16 hopes shattered after a 1-0 loss to co-hosts Australia and 2-1 defeat to Canada in their opening two matches, Ireland’s final match at their maiden major tournament ended in a 0-0 draw against Nigeria in Brisbane.

“It’s a fantastic feeling," said Pauw. “Nigeria are 11-time African champions and I think we really had the better play."

Pauw added: “I think we can be really, really proud because three top-10 nations – I’ve said before (40th-ranked) Nigeria for me are a top-10 nation – and we’ve played equal games against them.

“We lost by a penalty (against Australia), an own goal (against Canada) and now a draw. It is amazing.

“Those players came into the tournament as very good players, they go out of the tournament as world stars.”

Randy Waldrum’s Nigeria advance as Group B runners-up to a last-16 showdown next Monday at the same stadium against the winner of Group D – currently led by England.

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Museum of the Future in numbers
  •  78 metres is the height of the museum
  •  30,000 square metres is its total area
  •  17,000 square metres is the length of the stainless steel facade
  •  14 kilometres is the length of LED lights used on the facade
  •  1,024 individual pieces make up the exterior 
  •  7 floors in all, with one for administrative offices
  •  2,400 diagonally intersecting steel members frame the torus shape
  •  100 species of trees and plants dot the gardens
  •  Dh145 is the price of a ticket

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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The specs
Engine: 2.0-litre turbo 4-cyl

Transmission: eight-speed auto

Power: 190bhp

Torque: 300Nm

Price: Dh169,900

On sale: now 

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Formula Middle East Calendar (Formula Regional and Formula 4)
Round 1: January 17-19, Yas Marina Circuit – Abu Dhabi
 
Round 2: January 22-23, Yas Marina Circuit – Abu Dhabi
 
Round 3: February 7-9, Dubai Autodrome – Dubai
 
Round 4: February 14-16, Yas Marina Circuit – Abu Dhabi
 
Round 5: February 25-27, Jeddah Corniche Circuit – Saudi Arabia
Keane on …

Liverpool’s Uefa Champions League bid: “They’re great. With the attacking force they have, for me, they’re certainly one of the favourites. You look at the teams left in it - they’re capable of scoring against anybody at any given time. Defensively they’ve been good, so I don’t see any reason why they couldn’t go on and win it.”

Mohamed Salah’s debut campaign at Anfield: “Unbelievable. He’s been phenomenal. You can name the front three, but for him on a personal level, he’s been unreal. He’s been great to watch and hopefully he can continue now until the end of the season - which I’m sure he will, because he’s been in fine form. He’s been incredible this season.”

Zlatan Ibrahimovic’s instant impact at former club LA Galaxy: “Brilliant. It’s been a great start for him and for the club. They were crying out for another big name there. They were lacking that, for the prestige of LA Galaxy. And now they have one of the finest stars. I hope they can go win something this year.”

Updated: July 31, 2023, 2:44 PM