Liverpool are set to escape punishment for allegedly tapping up Southampton defender Virgil van Dijk.
Southampton reported Liverpool to the Premier League after numerous reports emerged suggesting the Holland international had decided he wanted to join Jurgen Klopp’s side.
However, with no bid made, Southampton took their grievance to the authorities, prompting an immediate apology from Liverpool - accepted by the south-coast side - and a commitment to end their interest in the centre-back.
A preliminary investigation was launched by the Premier League but has stalled as there is insufficient evidence to support Southampton’s claim.
Unless new information comes to light there will reportedly not be any more progress with the inquiry, effectively allowing Liverpool to avoid a sanction.
Liverpool’s players return from their summer breaks to start pre-season next week but striker Danny Ings is already ahead of them having been working on his own at Melwood.
The 24-year-old has made just 11 appearances since his £8 million move from Burnley in 2015 after missing the majority of his two seasons at the club with serious knee injuries.
In October 2015, in his first training session with then new manager Jurgen Klopp, he tore the anterior cruciate ligament in his right knee which ruled him out for seven months.
Almost a year later he sustained ligament damage to his right knee in the EFL Cup tie against Tottenham at Anfield and has not featured since.
Ings, who posted a video on Instagram of him training on his own, has been regularly attending Melwood since the end of the season in a bid to get his fitness up ready for pre-season.
Chile think transfer speculation around Alexis Sanchez will drive him to play even better against Portugal in the Confederations Cup semi-finals.
Sanchez has been linked with a move away from Arsenal and, far from distracting him, Chile teammate Marcelo Diaz said “he will be able to keep developing during this summer and I think that his personal situation will help him grow”.
Manager Juan Antonio Pizzi suggested the demand for Sanchez is a boost to his self-esteem, saying “we suppose he is very happy because he is going through a very special situation and I think everybody would like to be in this situation because the best clubs in the world want to have him in their squads”.
Diaz suggested Cristiano Ronaldo has single-handedly propelled Portugal into the semi-finals, and shutting him down will be Chile’s top defensive priority.
“He played an amazing season in Spain and I think he is playing here with the same strength. That’s the reason why they are also in the semi-final tomorrow,” he said. “We’ll try to stop him and reduce the space he has to move in ... try to avoid that he gets the ball and scores.”
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Pakistanis%20at%20the%20ILT20%20
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GOLF’S RAHMBO
- 5 wins in 22 months as pro
- Three wins in past 10 starts
- 45 pro starts worldwide: 5 wins, 17 top 5s
- Ranked 551th in world on debut, now No 4 (was No 2 earlier this year)
- 5th player in last 30 years to win 3 European Tour and 2 PGA Tour titles before age 24 (Woods, Garcia, McIlroy, Spieth)
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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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Moon Music
Artist: Coldplay
Label: Parlophone/Atlantic
Number of tracks: 10
Rating: 3/5
KILLING OF QASSEM SULEIMANI
TRAP
Starring: Josh Hartnett, Saleka Shyamalan, Ariel Donaghue
Director: M Night Shyamalan
Rating: 3/5
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Five hymns the crowds can join in
Papal Mass will begin at 10.30am at the Zayed Sports City Stadium on Tuesday
Some 17 hymns will be sung by a 120-strong UAE choir
Five hymns will be rehearsed with crowds on Tuesday morning before the Pope arrives at stadium
‘Christ be our Light’ as the entrance song
‘All that I am’ for the offertory or during the symbolic offering of gifts at the altar
‘Make me a Channel of your Peace’ and ‘Soul of my Saviour’ for the communion
‘Tell out my Soul’ as the final hymn after the blessings from the Pope
The choir will also sing the hymn ‘Legions of Heaven’ in Arabic as ‘Assakiroo Sama’
There are 15 Arabic speakers from Syria, Lebanon and Jordan in the choir that comprises residents from the Philippines, India, France, Italy, America, Netherlands, Armenia and Indonesia
The choir will be accompanied by a brass ensemble and an organ
They will practice for the first time at the stadium on the eve of the public mass on Monday evening
Most sought after workplace benefits in the UAE
- Flexible work arrangements
- Pension support
- Mental well-being assistance
- Insurance coverage for optical, dental, alternative medicine, cancer screening
- Financial well-being incentives
Key findings of Jenkins report
- Founder of the Muslim Brotherhood, Hassan al Banna, "accepted the political utility of violence"
- 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.
- Muslim Brotherhood at all levels has repeatedly defended Hamas attacks against Israel, including the use of suicide bombers and the killing of civilians.
- Laying out the report in the House of Commons, David Cameron told MPs: "The main findings of the review support the conclusion that membership of, association with, or influence by the Muslim Brotherhood should be considered as a possible indicator of extremism."