Son Heung-min, right, is mobbed by teammates after giving Tottenham the lead against Newcastle. Reuters
Son Heung-min, right, is mobbed by teammates after giving Tottenham the lead against Newcastle. Reuters
Son Heung-min, right, is mobbed by teammates after giving Tottenham the lead against Newcastle. Reuters
Son Heung-min, right, is mobbed by teammates after giving Tottenham the lead against Newcastle. Reuters

Son Heung-min rides to Spurs' rescue as South Korean sends Newcastle away empty-handed


Steve Luckings
  • English
  • Arabic

Oh how they missed him.

While Son Heung-min was away at the Asian Cup, Tottenham Hotspur lost Harry Kane and Dele Alli to long-term injuries, exited two cup competitions and needed a last-minute goal to claim a victory against second-bottom Fulham.

But with South Korea having made an earlier-than-expected exit in the UAE, Son's timely return to the North London club can be summed up by goals that have yielded two Premier League victories in three days.

Having scored the equaliser in Wednesday's 2-1 win against Watford, Son rode to Spurs' rescue with a strike that owed much to Martin Dubravka's error seven minutes from time to move Mauricio Pochettino's side up to second place behind Liverpool.

Rafa Benitez's side boasted a better defensive record than two of the Premier League's top six before the match, and it was clear the remit was to spoil Spurs' creative flair at Wembley.

Newcastle's tactic of forcing Spurs around them from the flanks was helped immeasurably by Pochettino's decision to omit Fernando Llorente from his starting XI despite the Spaniard's match-winning role against Watford.

"It was difficult to find space," Pochettino said. "We created some chances in the first and second half but the most important thing in the end is to keep pushing and it was a massive effort again in the second game consecutively. Once again I need to praise my players."

Erik Lamela was deployed in a false nine role but Spurs struggled to create clear-cut chances.

Lucas Moura wasted a gilt-edged chance to give Spurs the lead when he headed Lamela's cross wide of the post when completely unmarked in the area. Lamela then saw a header of his own cannon off the woodwork minutes later.

Salomon Rondon cut a lone figure as Newcastle's most advanced player where the Venezuelan's only source of support was the forward runs of DeAndre Yedlin from right-back as Newcastle conceded possession and territory to their hosts on an industrial scale.

Despite Spurs' dominance, it took until 38 minutes for Dubravka to make a save, the Slovakian repelling a Moussa Sissoko volley down to his left.

Newcastle took until the 55th minute to register a shot on target of but Matt Richie was never going to seriously test Hugo Lloris from 20 yards off his weaker right foot.

With Kieran Trippier and Jan Vertonghen playing almost as auxiliary wingers, Pochettino summoned Llorente from the bench on the hour-mark in the hope the target man could provide a finishing touch.

The Spaniard's aerial presence gave the Newcastle defence something else to think about, and it was from a corner that Fabian Schar was forced into a goal-line clearance after Christian Eriksen got a touch to Son's header.

Lloris pulled off a superb one-handed save to keep out a curling effort from Ayoze Perez as Newcastle fired a reminder that they were well set-up to hit Spurs on the counter.

Llorente wasted a glorious chance to break the deadlock but the substitute got his angles all wrong trying to head back across Dubravka. The Spaniard pointed furiously at the sky to indicate he had lost flight off Eriksen's excellent pass in the glaring sun.

Spurs are yet to draw in the league this season but have found winning goals in the final 10 minutes of their last two matches and came up with the good again here.

Danny Rose was sent on in place of Lamela for the final 12 minutes as Spurs switched to a 3-5-2 in a final throw of the dice, but in the end three points were handed to them by Dubravka's error.

Llorente chested a ball down into the path of Son on the edge of the area but the South Korean's tame effort had no right to end up in the back of the net. Dubravka looked well set to gather the ball up but allowed it inexplicably to squirm underneath him.

"This goal we could've avoided," Benitez conceded, "but you have to give credit to Tottenham because they have injuries but still some of the best players in the national team. It was not easy for us."

Defeat was cruel on Newcastle and victory meant Spurs set a new Premier League record of 29 games without a draw.

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Secret Nation: The Hidden Armenians of Turkey
Avedis Hadjian, (IB Tauris)
 

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.”

How has net migration to UK changed?

The figure was broadly flat immediately before the Covid-19 pandemic, standing at 216,000 in the year to June 2018 and 224,000 in the year to June 2019.

It then dropped to an estimated 111,000 in the year to June 2020 when restrictions introduced during the pandemic limited travel and movement.

The total rose to 254,000 in the year to June 2021, followed by steep jumps to 634,000 in the year to June 2022 and 906,000 in the year to June 2023.

The latest available figure of 728,000 for the 12 months to June 2024 suggests levels are starting to decrease.

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.