Serena Williams walks off court after winning her quarter final match against Danielle Collins. Reuters
Serena Williams walks off court after winning her quarter final match against Danielle Collins. Reuters
Serena Williams walks off court after winning her quarter final match against Danielle Collins. Reuters
Serena Williams walks off court after winning her quarter final match against Danielle Collins. Reuters

Serena Williams withdraws from Melbourne event ahead of semi-final clash with Ashleigh Barty


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Serena Williams has withdrawn from the Yarra Valley Classic ahead of her semi-final match with world No 1 Ashleigh Barty due to a shoulder injury, the WTA announced.

Williams, a 23-time Grand Slam champion, had booked a showdown with home favourite Barty by beating fellow American Danielle Collins on Friday.

Williams, 39, had been in ominous form but needed to overcome a mid-match wobble to oust Collins 6-2, 4-6, 10-6 in 96 minutes. Hours after the win, the WTA revealed her withdrawal on Twitter, sending Barty straight through to the final.

"Serena Williams has withdrawn from the Yarra Valley Classic singles draw due to a right shoulder injury," the WTA wrote. "Ashleigh Barty advances to the final by walkover."

Williams is aiming for a record-equalling 24th Grand Slam title at the Australian Open and her withdrawal from the warm-up event is thought to be a precaution ahead of the start of the season's first major on Monday.

Six build-up tournaments for next week's Australian Open have returned to action after a coronavirus case at a designated tournament hotel halted play on Thursday and forced hundreds of players and officials into isolation.

Storms forecast for Friday threatened to increase the backlog, but to ease the congestion WTA clashes were reduced to two sets and a 10-point super tiebreaker instead of the traditional three sets.

World No 15 Garbine Muguruza has been in aggressive form in Melbourne, dropping just four games in two matches prior, and impressively hit the lines to run reigning Australian Open Sofia Kenin ragged 6-2, 6-2.

Garbine Muguruza continued her fine Melbourne form with a comfortable win over Sofia Kenin. EPA
Garbine Muguruza continued her fine Melbourne form with a comfortable win over Sofia Kenin. EPA

"It's always better to know that you've played well here ... and this is definitely the Happy Slam," said the Spaniard, using the Australian Open's nickname.

The two-time Grand Slam champion is showing the form that saw her rise to the top of the rankings in 2017 but it's a different story for defending Australian Open champion Kenin.

The 22-year-old's return to the scene of her stunning breakthrough last year has been rocky, after playing just one set in her opener against Camila Giorgi, who retired hurt, and then surviving a three-set scare against fellow American Jessica Pegula.

Her struggles continued with 28 unforced errors as the flummoxed American departed in tears.

Muguruza will face Czech Republic's Marketa Vondrousova, who defeated Argentine Nadia Podoroska 4-6, 6-3, 10-4 in the last quarter-final.

Ashleigh Barty will face Serena Williams at the Yarra Valley Classic after beating Shelby Rogers. EPA
Ashleigh Barty will face Serena Williams at the Yarra Valley Classic after beating Shelby Rogers. EPA

Earlier Barty, who has yet to rediscover her best after a long layoff, prevailed 7-5, 2-6, 10-4 in 92 minutes.

The 24-year-old Barty, competing in her first tournament in 11 months, appeared fresh after Thursday's unexpected stoppage having played two singles matches within 20 hours earlier in the week.

Barty, playing with the roof shut on Margaret Court Arena, overcame a second-set stutter with a ruthless performance in the super tiebreaker.

Two-time Australian Open champion Victoria Azarenka saved two match points to beat Yulia Putintseva 6-4, 1-6, 11-9 and move into the quarter-finals of the Grampians Trophy in her season debut.

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Tank warfare

Lt Gen Erik Petersen, deputy chief of programs, US Army, has argued it took a “three decade holiday” on modernising tanks. 

“There clearly remains a significant armoured heavy ground manoeuvre threat in this world and maintaining a world class armoured force is absolutely vital,” the general said in London last week.

“We are developing next generation capabilities to compete with and deter adversaries to prevent opportunism or miscalculation, and, if necessary, defeat any foe decisively.”

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Armies of Sand

By Kenneth Pollack (Oxford University Press)
 

Going grey? A stylist's advice

If you’re going to go grey, a great style, well-cared for hair (in a sleek, classy style, like a bob), and a young spirit and attitude go a long way, says Maria Dowling, founder of the Maria Dowling Salon in Dubai.
It’s easier to go grey from a lighter colour, so you may want to do that first. And this is the time to try a shorter style, she advises. Then a stylist can introduce highlights, start lightening up the roots, and let it fade out. Once it’s entirely grey, a purple shampoo will prevent yellowing.
“Get professional help – there’s no other way to go around it,” she says. “And don’t just let it grow out because that looks really bad. Put effort into it: properly condition, straighten, get regular trims, make sure it’s glossy.”

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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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  • v South Africa, June 15
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  • v Bangladesh, June 24
  • v Pakistan, June 29
  • v West Indies, July 4