Russia's Wagner Group claimed the “legal” capture of the city hall in Ukraine's eastern city of Bakhmut on Monday.
But the claims were denied by Ukraine, which said its forces still held the city.
Wagner chief Yevgeny Prigozhin posted a video on his Telegram channel showing him holding a Russian flag, which he said his forces would plant on Bakhmut's city hall.
“This is the Wagner private military company, these are the guys who took Bakhmut. In a legal sense, it's ours,” Mr Prigozhin said.
Why is Bakhmut important?
The battle for Bakhmut has raged for months, with Ukraine warning that its fall would lead to the loss of huge chunks of its territory.
Ukrainian military leaders said on Monday that enemy troops had tried to take control of the city, but their forces had “repelled more than 20 enemy attacks”.
Wagner's claim came a day after President Volodymyr Zelenskyy praised Ukrainian troops' defence of the city, much of which now lies in ruins.
“I am grateful to our warriors who are fighting near Avdiivka, Maryinka, near Bakhmut … Especially Bakhmut! It's especially hot there today!” Mr Zelenskyy said on Telegram.
In Kostyantynivka, a town about 27km from Bakhmut, a “massive attack” of Russian missiles on Sunday killed three men and three women, leaving another 11 wounded, Ukrainian authorities said.
The attack targeted residential areas where “ordinary civilians” were living, Mr Zelenskyy said.
There was a large crater in a yard and windows were shattered from ground to top floors in two 14-storey tower blocks, while private homes near by had smashed roofs, AFP said.
Liliya, a 19-year-old psychology student, stood outside her severely damaged high-rise block.
“Everything is bombed out. And I think it's like that in every flat, in fact. Because it was such an impact that it was very hard for anything to stay unbroken,” she told AFP.
What is Wagner group?
The Wagner Group is a mercenary force providing fighters for hire that was founded by Mr Prigozhin, an ally of Russian President Vladimir Putin
Wagner has become a key component of the Ukraine campaign and “almost certainly” commands 50,000 fighters in Ukraine, the UK Ministry of Defence has said.
In February, the White House put the toll of Wagner fighters killed or injured at 30,000.
The group has pulled inmates from prisons and sent them to the front lines, the Human Rights Council-appointed analysts said.
Who was Vladlen Tatarsky?
The number of people wounded in the bomb blast that killed Russian military blogger Vladlen Tatarsky in St Petersburg on Sunday has risen to 32, Russia's RIA state media said, citing the Ministry of Health.
Mr Tatarsky was killed in a St Petersburg cafe in what appeared to be the second assassination on Russian soil of a figure closely associated with the war in Ukraine.
It is not immediately known who was behind the killing. Russia's state Investigative Committee said it had opened a murder investigation.
RIA said on Monday that 10 of the people wounded were in a serious condition.
Russia's Foreign Ministry paid tribute to Tatarsky, calling him as one of the “defenders of the truth” and lashing out at Western governments for failing to react to the attack.
“Russian journalists constantly feel the threat of reprisals from the Kyiv regime,” spokeswoman Maria Zakharova said on Telegram.
Moscow on Sunday condemned the western “hype” around the arrest of US journalist Evan Gershkovich on espionage charges, dismissing Washington's latest call for his release.
Russia's Foreign Minister Sergey Lavrov told his US counterpart Antony Blinken that Gershkovich had been “trying to receive secret information” when he was arrested last week.
Gershkovich, a Wall Street Journal reporter, is believed to be the first foreign journalist held for spying in post-Soviet Russia, and his arrest is expected to escalate the Kremlin's confrontation with the West.
His arrest on March 30 has drawn outrage from the West and is being seen as a serious escalation of Moscow's sweeping crackdown on the media.
“The timing of the arrest looks like a calculated provocation to embarrass the US and intimidate the foreign press still working in Russia,” the Wall Street Journal's board of opinion editors said.
The White House has condemned the allegations as “ridiculous” and has asked Americans to leave Russia for their safety.
COMPANY PROFILE
Name: Akeed
Based: Muscat
Launch year: 2018
Number of employees: 40
Sector: Online food delivery
Funding: Raised $3.2m since inception
BMW M5 specs
Engine: 4.4-litre twin-turbo V-8 petrol enging with additional electric motor
Power: 727hp
Torque: 1,000Nm
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Price: From Dh650,000
The five pillars of Islam
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.
Another way to earn air miles
In addition to the Emirates and Etihad programmes, there is the Air Miles Middle East card, which offers members the ability to choose any airline, has no black-out dates and no restrictions on seat availability. Air Miles is linked up to HSBC credit cards and can also be earned through retail partners such as Spinneys, Sharaf DG and The Toy Store.
An Emirates Dubai-London round-trip ticket costs 180,000 miles on the Air Miles website. But customers earn these ‘miles’ at a much faster rate than airline miles. Adidas offers two air miles per Dh1 spent. Air Miles has partnerships with websites as well, so booking.com and agoda.com offer three miles per Dh1 spent.
“If you use your HSBC credit card when shopping at our partners, you are able to earn Air Miles twice which will mean you can get that flight reward faster and for less spend,” says Paul Lacey, the managing director for Europe, Middle East and India for Aimia, which owns and operates Air Miles Middle East.
The biog
Year of birth: 1988
Place of birth: Baghdad
Education: PhD student and co-researcher at Greifswald University, Germany
Hobbies: Ping Pong, swimming, reading
'Saand Ki Aankh'
Produced by: Reliance Entertainment with Chalk and Cheese Films
Director: Tushar Hiranandani
Cast: Taapsee Pannu, Bhumi Pednekar, Prakash Jha, Vineet Singh
Rating: 3.5/5 stars
Jawan
%3Cp%3E%3Cstrong%3EDirector%3A%20%3C%2Fstrong%3EAtlee%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStars%3A%3C%2Fstrong%3E%20Shah%20Rukh%20Khan%2C%20Nayanthara%2C%20Vijay%20Sethupathi%26nbsp%3B%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%20%3C%2Fstrong%3E4%2F5%3C%2Fp%3E%0A
Astroworld
Travis Scott
Grand Hustle/Epic/Cactus Jack
match info
Southampton 0
Arsenal 2 (Nketiah 20', Willock 87')
Red card: Jack Stephens (Southampton)
Man of the match: Rob Holding (Arsenal)
World Cup final
Who: France v Croatia
When: Sunday, July 15, 7pm (UAE)
TV: Game will be shown live on BeIN Sports for viewers in the Mena region
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.”
Third Test
Day 3, stumps
India 443-7 (d) & 54-5 (27 ov)
Australia 151
India lead by 346 runs with 5 wickets remaining
Netherlands v UAE, Twenty20 International series
Saturday, August 3 - First T20i, Amstelveen
Monday, August 5 – Second T20i, Amstelveen
Tuesday, August 6 – Third T20i, Voorburg
Thursday, August 8 – Fourth T20i, Vooryburg
COMPANY%20PROFILE
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Coal Black Mornings
Brett Anderson
Little Brown Book Group