Supporters of Zimbabwe's opposition Movement for Democratic Change arrive at a court in Harare on August 4, 2018. Reuters
Supporters of Zimbabwe's opposition Movement for Democratic Change arrive at a court in Harare on August 4, 2018. Reuters

Zimbabwe opposition says soldiers hunting supporters



Zimbabwe's main opposition party said soldiers were searching the capital for its supporters on Saturday, as others arrested earlier appeared in court.

Nkululeko Sibanda, a top official in the Movement for Democratic Change, spoke at a courthouse in Harare where 24 detained supporters awaited a hearing. Mr Sibanda said they were accused of inciting public violence.

"A lot of people are hiding," he said. "It's scarier than the Mugabe times."

The allegation came a day after election authorities declared incumbent Emmerson Mnangagwa the winner of the July 30 presidential election, a result the MDC dismissed as "fake".

Mr Mnangagwa has said he wants to work with the opposition to rebuild the country after decades of repression under his former mentor, Robert Mugabe.

Mr Sibanda said he was concerned that the government could try to implicate opposition supporters in the deaths of six people who were killed during a military crackdown in Harare on Wednesday. Soldiers opened fire on protesters, some of whom were rioting.

Police raided the MDC headquarters the next day, arresting 18 people. Mr Sibanda said those arrested were at Saturday's hearing. "We know that the government is trying to build a case to say that our party is violent," he said.

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As riot police circulated in the capital, supporters of opposition leader Nelson Chamisa urged him to keep fighting after he forcefully rejected Mr Mnangagwa's election victory and alleged manipulation.

Zimbabwe's electoral commission said the president won with 50.8 per cent of the vote while Mr Chamisa received 44.3 per cent.

Mr Chamisa said the opposition's own count showed he won the vote and that they would challenge the election results in court. "We're doing all to secure your vote & defend your WILL," he tweeted on Saturday.

"What we want Mr Nelson Chamisa to do for us is to not give up on our vote," said one supporter in the capital, Tisi Habis. "No matter what the [Zimbabwe Electoral Commission] says, Mr. Chamisa is our president."

International election observers who were invited by Mr Mnangagwa's government after years of being banned by Mr Mugabe issued mixed reports on the election.

While the election itself was called peaceful, the observers expressed concern over the lack of transparency in the voters' roll and the "extreme bias" of state-run media in favour of Mr Mnangagwa. And in a joint statement the observers criticised the military's "excessive" use of force.

A credible election is a crucial step for lifting international sanctions and attracting badly needed foreign investment in Zimbabwe's long-collapsed economy.

Mr Mnangagwa on Friday claimed the vote had been free and fair, praising the "unprecedented flowering of freedom and democracy in our beloved homeland" while saying he wanted an independent investigation into the deadly unrest.

The US State Department late on Friday encouraged the release of fully transparent election results and said anyone with grievances should pursue them through legal channels. "We encourage all political leaders to show magnanimity in victory and graciousness in defeat," it said.

Electoral College Victory

Trump has so far secured 295 Electoral College votes, according to the Associated Press, exceeding the 270 needed to win. Only Nevada and Arizona remain to be called, and both swing states are leaning Republican. Trump swept all five remaining swing states, North Carolina, Georgia, Pennsylvania, Michigan and Wisconsin, sealing his path to victory and giving him a strong mandate. 

 

Popular Vote Tally

The count is ongoing, but Trump currently leads with nearly 51 per cent of the popular vote to Harris’s 47.6 per cent. Trump has over 72.2 million votes, while Harris trails with approximately 67.4 million.

ASHES SCHEDULE

First Test
November 23-27 (The Gabba, Brisbane)
Second Test
December 2-6 (Adelaide Oval, Adelaide)
Third Test
December 14-18 (Waca Ground, Perth)
Fourth Test
December 26-30 (Melbourne Cricket Ground, Melbourne)
Fifth Test
January 4-8, 2018 (Sydney Cricket Ground, Sydney)

A%20QUIET%20PLACE
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Two products to make at home

Toilet cleaner

1 cup baking soda 

1 cup castile soap

10-20 drops of lemon essential oil (or another oil of your choice) 

Method:

1. Mix the baking soda and castile soap until you get a nice consistency.

2. Add the essential oil to the mix.

Air Freshener

100ml water 

5 drops of the essential oil of your choice (note: lavender is a nice one for this) 

Method:

1. Add water and oil to spray bottle to store.

2. Shake well before use. 

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.

Business Insights
  • Canada and Mexico are significant energy suppliers to the US, providing the majority of oil and natural gas imports
  • The introduction of tariffs could hinder the US's clean energy initiatives by raising input costs for materials like nickel
  • US domestic suppliers might benefit from higher prices, but overall oil consumption is expected to decrease due to elevated costs
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Label: Warner Records

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UAE currency: the story behind the money in your pockets
The Details

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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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The specs: 2018 Maserati Levante S

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Engine: 3.0-litre V6

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Developer: Treyarch, Raven Software
Publisher:  Activision
Console: PlayStation 4 & 5, Windows, Xbox One & Series X/S
Rating: 3.5/5