Police have disbanded protests over coronavirus restrictions in Berlin after thousands of people failed to wear masks.
Up to 18,000 people had gathered on Saturday to demonstrate after a regional court in Germany overturned a decision to ban the protest.
It had initially been banned after demonstrators failed to wear masks.
But just two hours into the rally police were forced to step in due to protesters flouting coronavirus restrictions by not adhering to social distancing and failing to wear masks.
"Unfortunately, we have no other option," Berlin police said on Twitter. "All the measures taken so far have not led to compliance with the conditions."
A police spokesman said the protesters were dispersing peacefully, however, there were reports of some people blocking roads and bottles being thrown.
Police had already deployed more than 3,000 officers over fear of violence as activists opposed to the virus measures urged social media followers across Europe to arm themselves and gather in Berlin.
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Coronavirus around the world
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Activists, angered by Berlin's decision to ban protests after demonstrators at a recent rally failed to wear masks or remain a safe distance apart, had flooded the city with thousands of applications for additional protest rallies this weekend.
"The gatherings planned by several initiatives for August 29 against the corona policy of the federal and state governments can take place," the court ruled.
Responding to the ruling, Berlin's interior minister, Andreas Geisel, said the court had given protesters a second chance to show they can comply with social distancing measures.
"I appeal to everyone to gather in Berlin without violence," he said.
Querdenken 711, one of the movements behind the protests, had urged demonstrators in a YouTube video to "be peaceful and exercise no violence toward the police".
Until now Germany has managed the coronavirus crisis better than many of its European counterparts, with rigorous testing helping to hold down infections and deaths.
But new daily infections have accelerated in recent weeks.
On Friday, Chancellor Angela Merkel urged citizens to keep up their guard against the virus.
"This is a serious matter, as serious as it's ever been, and you need to carry on taking it seriously," she said.
Protesters had gathered at the Brandenburg Gate in central Berlin with signs reading "Stop the corona lies" and "Merkel must go".
Anti-mask protesters had also gathered in Zurich on Saturday.
In London, more than a 1,000 protesters gathered at Trafalgar Square, many holding home-made banners.
One called for an "End to medical tyranny"; another read "No to mandatory vaccines" while one man waved a placard declaring "Masks are muzzles".
In Paris, more than 300 people protested peacefully against the government's decision to make masks obligatory in all public places as cases rise in the French capital.
Protesters, some waving placards stating "Stop the lies", were quickly surrounded by police who handed out fines to those not wearing masks.
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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.”