Arsene Wenger has set his Arsenal side a target of 85 points to turn them back into Premier League title contenders, and he has backed Alexis Sanchez to help reach that goal.
Sanchez, who has been linked with a move away from the club this summer, has less than a year remaining on his current deal at the Emirates Stadium and could walk away for free at the end of the upcoming season.
Wenger has insisted several times that Sanchez will not be sold, although links with Manchester City continue. City and any other suitors may not see him face Chelsea in the Community Shield, though, as he continues to search for sharpness after a summer of international duty and illness.
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While some would consider allowing Sanchez, 28, as well as the likes of Mesut Ozil, Alex Oxlade-Chamberlain, Kieran Gibbs and Jack Wilshere, to enter the final year of their contract a risk - Wenger called it an "ideal situation" as players are under more pressure to deliver.
Sanchez cut a frustrated figure at times last season with his fighting spirit taking a battering as Arsenal fell out of the Premier League top-four and were hammered 10-2 on aggregate by Bayern Munich in the Uefa Champions League.
Finishing fifth represented the lowest finish under Wenger in a full season since he took charge of the Gunners in 1996 - but he believes Sanchez will still help to add 10 more points to their tally from last year and challenge for the title.
Asked whether he was confident that Sanchez will give everything to the team if he remains at the club this summer, Wenger replied: "Of course. Why not?
Also read: Sanchez and Ozil situations to become norm believes Wenger
"My conviction - and if you look well - it's always in your interests, even if you have a short contract, to do well. And the kind of character he is.
"He is a winner. When he goes on the football pitch, he wants to win. He is a guy who loves football. He has advantages and disadvantages on both sides going into a situation like that.
"When you have made 75 points [last season], your target is to get 10 points more. And with 10 points more, you are in there [the title race]."
With majority shareholder Stan Kroenke and chief executive Ivan Gazidis calling for a push for "major silverware" when Wenger signed a new two-year contract after May's FA Cup final win over Chelsea, the Frenchman knows he needs to deliver.
A return to Champions League football would be a minimum requirement but the 67-year-old manager does not believe winning the Europa League should warrant a place in the elite competition.
Manchester United finished sixth last year but will be playing in the Champions League after beating Ajax 2-0 in the Europa League final in May - a reward Wenger has never been keen on.
Also read: Steve Luckings writes Sanchez ideal replacement for Aguero at City
"I was always against it," he said. "Because apart from Man United, who did win the Europa League, all the years before it was always a team who was kicked out of the Champions League by having been kicked out of it before.
"You cannot go into the season and think that [you will get into the Champions League by winning the Europa League].
"I always was not in favour of that, because I think at some stage it can influence on the championship, because if a team is in April in a position where they have more chance to win the Europa League they can let some games go in the championship, and not completely focus on that, on the regularity of the competition.
"I will always play a team that has a good chance to win the next game. In the Europa League if we can afford sometimes to rest some players we will do it.
"But we have to adapt to the level of the competition and see first what kind of group we play in."
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Retirement funds heavily invested in equities at a risky time
Pension funds in growing economies in Asia, Latin America and the Middle East have a sharply higher percentage of assets parked in stocks, just at a time when trade tensions threaten to derail markets.
Retirement money managers in 14 geographies now allocate 40 per cent of their assets to equities, an 8 percentage-point climb over the past five years, according to a Mercer survey released last week that canvassed government, corporate and mandatory pension funds with almost $5 trillion in assets under management. That compares with about 25 per cent for pension funds in Europe.
The escalating trade spat between the US and China has heightened fears that stocks are ripe for a downturn. With tensions mounting and outcomes driven more by politics than economics, the S&P 500 Index will be on course for a “full-scale bear market” without Federal Reserve interest-rate cuts, Citigroup’s global macro strategy team said earlier this week.
The increased allocation to equities by growth-market pension funds has come at the expense of fixed-income investments, which declined 11 percentage points over the five years, according to the survey.
Hong Kong funds have the highest exposure to equities at 66 per cent, although that’s been relatively stable over the period. Japan’s equity allocation jumped 13 percentage points while South Korea’s increased 8 percentage points.
The money managers are also directing a higher portion of their funds to assets outside of their home countries. On average, foreign stocks now account for 49 per cent of respondents’ equity investments, 4 percentage points higher than five years ago, while foreign fixed-income exposure climbed 7 percentage points to 23 per cent. Funds in Japan, South Korea, Malaysia and Taiwan are among those seeking greater diversification in stocks and fixed income.
• Bloomberg
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Libya's Gold
UN Panel of Experts found regime secretly sold a fifth of the country's gold reserves.
The panel’s 2017 report followed a trail to West Africa where large sums of cash and gold were hidden by Abdullah Al Senussi, Qaddafi’s former intelligence chief, in 2011.
Cases filled with cash that was said to amount to $560m in 100 dollar notes, that was kept by a group of Libyans in Ouagadougou, Burkina Faso.
A second stash was said to have been held in Accra, Ghana, inside boxes at the local offices of an international human rights organisation based in France.
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