London // Andy Murray will lead Britain’s bid for a first Davis Cup win since 1936 in Belgium this month with James Ward and Kyle Edmund in contention for the second singles spot.
Murray, 28, has won all eight of his rubbers this year – six singles and two doubles – en route to Britain’s first final since 1978, defeating the United States, France and Australia.
But his preparations for the November 27-29 final on the slow clay court of Ghent have been hampered by his obligations to play in this week’s ATP World Tour finals on a hard court in London.
Team captain Leon Smith will look for Murray to bag two points from his singles matches and also possibly link up with brother Jamie to ensure what could be the clinching point in the doubles, as they did against Australia in the semi-finals.
Smith does not have to finalise his four-man line-up until a week on Thursday, and he is likely to see how Edmund and Ward perform in practice on clay at the Flanders Expo before making a final decision.
Ward has been a key figure in the run to the final, claiming a vital five-set win against John Isner during the first-round tie against the United States.
But Edmund, 20, has pushed himself into contention by winning a Challenger title on clay in Buenos Aires on Sunday and is in line to make his Davis Cup debut.
Dan Evans, who also won a title on Sunday, has been left out but was a late inclusion for the semi-final against Australia so could potentially still figure.
“It is a historic moment in British tennis and I’m delighted to name these five players for the tie against Belgium,” Smith said.
“Andy has led from the front throughout this campaign, showing time and again what it means to him to pull on the GB jersey. He shows determination, commitment and passion that inspires the other British players on the bench and our fantastic fans in the stands.”
Nishikori bounces back to beat Berdych
Kei Nishikori shook off an opening-day drubbing by Novak Djokovic to beat Tomas Berdych 7-5, 3-6, 6-3 in the best match yet at the ATP World Tour Finals on Tuesday.
The Japanese world No 8 looked in trouble when he faced a break point at 3-3 in the deciding set but he finished fast to register his first win in Group A.
“I got a bit lucky in the last couple of games but I worked really hard today,” said Nishikori, 25.
A match full of powerful baseline rallies ebbed and flowed.
World No 6 Berdych, who was beaten by Roger Federer in his opening match, squandered a great chance in the first set when Nishikori was serving at 4-5, 15-30, missing a wide-open court with a backhand at the end of brilliant rally.
It proved costly as Berdych dropped serve in the next game and Nishikori clinched the set on serve with a pinpoint forehand winner past the wrong-footed Czech.
Nishikori went 2-0 ahead in the second set but Berdych reeled off five games in a row with some thunderous winners to turn the match around and send it towards a deciding set – the first so far in the singles this year at the O2 Arena.
An engrossing third set reached a crucial juncture at 3-3 when a lucky net cord gave Berdych a break point, but Nishikori showed great defensive skills to fend off a big attack from his Czech opponent and kept his nose ahead at 4-3.
Two forehand errors from the Berdych racket allowed Nishikori to move 5-3 ahead and the Japanese player secured victory with a love hold.
Meanwhile, Jamie Murray and John Peers have work to do to reach the semi-finals of the doubles after losing their second match to Rohan Bopanna and Florin Mergea proved a tougher nut to crack.
The Indian/Romanian duo followed up their victory over the Bryan brothers by winning 6-3, 7-6 to book their spot in the last four.
Murray and Peers now almost certainly have to beat the top-ranked Bryans in their final group match on Thursday if they are to make the semi-finals.
“It’s an exciting match to play. I guess we have to win if we want to try to stay in the competition. They always bring a lot of energy to the court. We have to do the same if we want to try to win,” Murray said.
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A State of Passion
Directors: Carol Mansour and Muna Khalidi
Stars: Dr Ghassan Abu-Sittah
Rating: 4/5
Biography
Favourite book: Zen and the Art of Motorcycle Maintenance
Holiday choice: Anything Disney-related
Proudest achievement: Receiving a presidential award for foreign services.
Family: Wife and three children.
Like motto: You always get what you ask for, the universe listens.
At a glance
Global events: Much of the UK’s economic woes were blamed on “increased global uncertainty”, which can be interpreted as the economic impact of the Ukraine war and the uncertainty over Donald Trump’s tariffs.
Growth forecasts: Cut for 2025 from 2 per cent to 1 per cent. The OBR watchdog also estimated inflation will average 3.2 per cent this year
Welfare: Universal credit health element cut by 50 per cent and frozen for new claimants, building on cuts to the disability and incapacity bill set out earlier this month
Spending cuts: Overall day-to day-spending across government cut by £6.1bn in 2029-30
Tax evasion: Steps to crack down on tax evasion to raise “£6.5bn per year” for the public purse
Defence: New high-tech weaponry, upgrading HM Naval Base in Portsmouth
Housing: Housebuilding to reach its highest in 40 years, with planning reforms helping generate an extra £3.4bn for public finances
'HIJRAH%3A%20IN%20THE%20FOOTSTEPS%20OF%20THE%20PROPHET'
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Skewed figures
In the village of Mevagissey in southwest England the housing stock has doubled in the last century while the number of residents is half the historic high. The village's Neighbourhood Development Plan states that 26% of homes are holiday retreats. Prices are high, averaging around £300,000, £50,000 more than the Cornish average of £250,000. The local average wage is £15,458.
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Emirates Cricket Board Women’s T10
ECB Hawks v ECB Falcons
Monday, April 6, 7.30pm, Sharjah Cricket Stadium
The match will be broadcast live on the My Sports Eye Facebook page
Hawks
Coach: Chaitrali Kalgutkar
Squad: Chaya Mughal (captain), Archara Supriya, Chamani Senevirathne, Chathurika Anand, Geethika Jyothis, Indhuja Nandakumar, Kashish Loungani, Khushi Sharma, Khushi Tanwar, Rinitha Rajith, Siddhi Pagarani, Siya Gokhale, Subha Srinivasan, Suraksha Kotte, Theertha Satish
Falcons
Coach: Najeeb Amar
Squad: Kavisha Kumari (captain), Almaseera Jahangir, Annika Shivpuri, Archisha Mukherjee, Judit Cleetus, Ishani Senavirathne, Lavanya Keny, Mahika Gaur, Malavika Unnithan, Rishitha Rajith, Rithika Rajith, Samaira Dharnidharka, Shashini Kaluarachchi, Udeni Kuruppuarachchi, Vaishnave Mahesh
AIDA%20RETURNS
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The%20Hunger%20Games%3A%20The%20Ballad%20of%20Songbirds%20%26%20Snakes
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Who is Allegra Stratton?
- Previously worked at The Guardian, BBC’s Newsnight programme and ITV News
- Took up a public relations role for Chancellor Rishi Sunak in April 2020
- In October 2020 she was hired to lead No 10’s planned daily televised press briefings
- The idea was later scrapped and she was appointed spokeswoman for Cop26
- Ms Stratton, 41, is married to James Forsyth, the political editor of The Spectator
- She has strong connections to the Conservative establishment
- Mr Sunak served as best man at her 2011 wedding to Mr Forsyth
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.”
MO
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Tuesday's fixtures
Kyrgyzstan v Qatar, 5.45pm
What drives subscription retailing?
Once the domain of newspaper home deliveries, subscription model retailing has combined with e-commerce to permeate myriad products and services.
The concept has grown tremendously around the world and is forecast to thrive further, according to UnivDatos Market Insights’ report on recent and predicted trends in the sector.
The global subscription e-commerce market was valued at $13.2 billion (Dh48.5bn) in 2018. It is forecast to touch $478.2bn in 2025, and include the entertainment, fitness, food, cosmetics, baby care and fashion sectors.
The report says subscription-based services currently constitute “a small trend within e-commerce”. The US hosts almost 70 per cent of recurring plan firms, including leaders Dollar Shave Club, Hello Fresh and Netflix. Walmart and Sephora are among longer established retailers entering the space.
UnivDatos cites younger and affluent urbanites as prime subscription targets, with women currently the largest share of end-users.
That’s expected to remain unchanged until 2025, when women will represent a $246.6bn market share, owing to increasing numbers of start-ups targeting women.
Personal care and beauty occupy the largest chunk of the worldwide subscription e-commerce market, with changing lifestyles, work schedules, customisation and convenience among the chief future drivers.
Formula Middle East Calendar (Formula Regional and Formula 4)
Round 1: January 17-19, Yas Marina Circuit – Abu Dhabi
Round 2: January 22-23, Yas Marina Circuit – Abu Dhabi
Round 3: February 7-9, Dubai Autodrome – Dubai
Round 4: February 14-16, Yas Marina Circuit – Abu Dhabi
Round 5: February 25-27, Jeddah Corniche Circuit – Saudi Arabia
Specs
Engine: 51.5kW electric motor
Range: 400km
Power: 134bhp
Torque: 175Nm
Price: From Dh98,800
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Europe’s rearming plan
- Suspend strict budget rules to allow member countries to step up defence spending
- Create new "instrument" providing €150 billion of loans to member countries for defence investment
- Use the existing EU budget to direct more funds towards defence-related investment
- Engage the bloc's European Investment Bank to drop limits on lending to defence firms
- Create a savings and investments union to help companies access capital
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