Barcelona’s season is threatening to implode with Wednesday’s Copa del Rey final against Real Madrid looming after a nightmare week in which they were knocked out of Europe and lost 1-0 to lowly Granada in La Liga.
Saturday's defeat at Granada means Primera Liga leaders Atletico Madrid, who were also responsible for Barca's Uefa Champions League elimination on Wednesday, pulled four points clear of the Catalan giants with a 2-0 win at Getafe on Sunday.
Diego Godin gave Atletico the lead after 40 minutes. Diego Costa atoned for missing a penalty kick after 66 minutes and doubled the lead six minutes from time to make sure of the points, but in stretching to do so he collided with the far post and left the field on a stretcher.
Atletico looked sluggish in seeing off Getafe despite the hosts having Lafita sent off in the 65th minute. They moved to 82 points, three clear of Real Madrid, while Getafe stayed in the bottom three on 31 points, a point away from safety.
Real climbed above Barcelona into second with Saturday’s 4-0 win over Almeria to temporarily move level with Atletico and will be licking their lips at the prospect of playing their wounded arch-rivals in the cup final in Valencia.
Barca coach Gerardo Martino needs to lift his battered troops for the showpiece at the Mestalla, the venue where Real beat Barca 1-0 in the 2011 final, thanks to Cristiano Ronaldo's headed goal in extra time.
Martino, in his first season in charge at Camp Nou, pledged that he and his players would fight to the end.
“After these two defeats, the players have the sense that something very significant has slipped through their fingers,” he said.
“Wednesday’s match is a final and we have to go and win it in a way that does the match justice.
“It would be wrong to confuse feelings of sadness with throwing in the towel. We will only do that when mathematics tell us that we no longer have a chance.”
Defender Martin Montoya said the week’s events had damaged Barca’s state of mind.
“Mentally, we’re pretty screwed up,” Montoya, 22, told Barca’s website. “We will fight for the league until the end, we still have games left and hopefully our rivals will lose points.”
Martino had to shuffle his defence at Granada because three of his centre-backs, Gerard Pique, captain Carles Puyol and Marc Bartra, are injured.
Sergio Busquets played alongside fellow converted midfielder Javier Mascherano at centre-back, and the makeshift pairing will have their work cut out on Wednesday if they are deployed against Real’s formidable attack.
One ray of hope for Barca is that Real’s top scorer, Ronaldo, looks likely to miss the final after picking up knee and thigh muscle problems in his left leg.
Real coach Carlo Ancelotti does not think that Barca’s defeat at Granada will have any bearing on the final.
“It was a surprise because Barcelona has more quality than Granada, but at this time of the season, all teams are fighting for a goal and those fighting for salvation are the most dangerous,” the Italian said.
“I think Barcelona are thinking they can still win the league.
“There are many surprises in this league, and I think they will fight to the end. It will not change the dynamic of Wednesday’s match.
“In our heads, we do not consider what will happen with the other teams. We must look at our games.
“We have an incredibly important match on Wednesday, and we don’t have time to think about anything else.”
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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.”
Why seagrass matters
- Carbon sink: Seagrass sequesters carbon up to 35X faster than tropical rainforests
- Marine nursery: Crucial habitat for juvenile fish, crustations, and invertebrates
- Biodiversity: Support species like sea turtles, dugongs, and seabirds
- Coastal protection: Reduce erosion and improve water quality
What is Reform?
Reform is a right-wing, populist party led by Nigel Farage, a former MEP who won a seat in the House of Commons last year at his eighth attempt and a prominent figure in the campaign for the UK to leave the European Union.
It was founded in 2018 and originally called the Brexit Party.
Many of its members previously belonged to UKIP or the mainstream Conservatives.
After Brexit took place, the party focused on the reformation of British democracy.
Former Tory deputy chairman Lee Anderson became its first MP after defecting in March 2024.
The party gained support from Elon Musk, and had hoped the tech billionaire would make a £100m donation. However, Mr Musk changed his mind and called for Mr Farage to step down as leader in a row involving the US tycoon's support for far-right figurehead Tommy Robinson who is in prison for contempt of court.
UK's plans to cut net migration
Under the UK government’s proposals, migrants will have to spend 10 years in the UK before being able to apply for citizenship.
Skilled worker visas will require a university degree, and there will be tighter restrictions on recruitment for jobs with skills shortages.
But what are described as "high-contributing" individuals such as doctors and nurses could be fast-tracked through the system.
Language requirements will be increased for all immigration routes to ensure a higher level of English.
Rules will also be laid out for adult dependants, meaning they will have to demonstrate a basic understanding of the language.
The plans also call for stricter tests for colleges and universities offering places to foreign students and a reduction in the time graduates can remain in the UK after their studies from two years to 18 months.
MISSION: IMPOSSIBLE – FINAL RECKONING
Director: Christopher McQuarrie
Starring: Tom Cruise, Hayley Atwell, Simon Pegg
Rating: 4/5
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COMPANY%20PROFILE
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The Settlers
Director: Louis Theroux
Starring: Daniella Weiss, Ari Abramowitz
Rating: 5/5
Specs
Engine: Electric motor generating 54.2kWh (Cooper SE and Aceman SE), 64.6kW (Countryman All4 SE)
Power: 218hp (Cooper and Aceman), 313hp (Countryman)
Torque: 330Nm (Cooper and Aceman), 494Nm (Countryman)
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Price: From Dh158,000 (Cooper), Dh168,000 (Aceman), Dh190,000 (Countryman)
THE SPECS
Engine: 6.75-litre twin-turbocharged V12 petrol engine
Power: 420kW
Torque: 780Nm
Transmission: 8-speed automatic
Price: From Dh1,350,000
On sale: Available for preorder now
The biog
Hometown: Birchgrove, Sydney Australia
Age: 59
Favourite TV series: Outlander Netflix series
Favourite place in the UAE: Sheikh Zayed Grand Mosque / desert / Louvre Abu Dhabi
Favourite book: Father of our Nation: Collected Quotes of Sheikh Zayed bin Sultan Al Nahyan
Thing you will miss most about the UAE: My friends and family, Formula 1, having Friday's off, desert adventures, and Arabic culture and people