Theresa May's New Year cabinet reshuffle was supposed to be a chance for the British prime minister to stamp her authority on a mutinous party. However, at the end of a day when announcements of appointments on social media were reversed within minutes, Mrs May looked weak and vacillating.
The prime minister had set out to shake up her top team and replace the former first secretary of state and effective deputy PM Damien Green, who quit in December after lying about an investigation he faced.
David Lidington, the former justice secretary, was moved to replace Mr Green in his responsibilities but did not take the title of first secretary.
Then, the Northern Ireland secretary James Brokenshire resigned for health reasons, leaving one of the trickiest posts in the cabinet open. He was replaced by culture secretary Karen Bradley, who will take on the task of attempting to resolve the impasse in the province between the Democratic Unionists and Sinn Fein which has left the devolved government at Stormont without an administration for a year.
Mrs Bradley leaves her successor, Matt Hancock, with the responsibility for overseeing the bid by Rupert Murdoch's family to take over the parts of the Sky TV network that they do not own - a hot potato given the support the Conservative party enjoys from Mr Murdoch's newspapers.
Two cabinet ministers refused to move from their posts. It was widely briefed that Jeremy Hunt, the health secretary who is under fire for the current NHS winter crisis, would be moved to the business, energy and industry department.
However, the incumbent in that job, Greg Clark, refused to move, as did Mr Hunt, so Mrs May was left with no choice but to leave them in their positions. The social care brief was added to Mr Hunt's remit, while opprobrium was heaped on Mr Clark.
And the final indignity came when education secretary Justine Greening arrived at 10 Downing Street and spent two hours with the PM before leaving the government after being offered the position of work and pensions secretary, which she turned down. She was replaced by Damian Hinds.
Ms Greening represents a pro-Remain constituency and her majority was slashed in last year’s election as affluent voters in her London seat of Putney punished the Tories for Brexit. Many commentators on Twitter anticipate that she could become a thorn in Mrs May’s side if she joins the growing ranks of pro-European backbench rebels.
Company%20Profile
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GYAN’S ASIAN OUTPUT
2011-2015: Al Ain – 123 apps, 128 goals
2015-2017: Shanghai SIPG – 20 apps, 7 goals
2016-2017: Al Ahli (loan) – 25 apps, 11 goals
UAE currency: the story behind the money in your pockets
COMPANY%20PROFILE
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MATCH INFO
Uefa Champions League, last-16, second leg (first-leg scores in brackets):
PSG (2) v Manchester United (0)
Midnight (Thursday), BeIN Sports
Company%20profile
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Three trading apps to try
Sharad Nair recommends three investment apps for UAE residents:
- For beginners or people who want to start investing with limited capital, Mr Nair suggests eToro. “The low fees and low minimum balance requirements make the platform more accessible,” he says. “The user interface is straightforward to understand and operate, while its social element may help ease beginners into the idea of investing money by looking to a virtual community.”
- If you’re an experienced investor, and have $10,000 or more to invest, consider Saxo Bank. “Saxo Bank offers a more comprehensive trading platform with advanced features and insight for more experienced users. It offers a more personalised approach to opening and operating an account on their platform,” he says.
- Finally, StashAway could work for those who want a hands-off approach to their investing. “It removes one of the biggest challenges for novice traders: picking the securities in their portfolio,” Mr Nair says. “A goal-based approach or view towards investing can help motivate residents who may usually shy away from investment platforms.”
The specs
Engine: 2-litre or 3-litre 4Motion all-wheel-drive Power: 250Nm (2-litre); 340 (3-litre) Torque: 450Nm Transmission: 8-speed automatic Starting price: From Dh212,000 On sale: Now
ETFs explained
Exhchange traded funds are bought and sold like shares, but operate as index-tracking funds, passively following their chosen indices, such as the S&P 500, FTSE 100 and the FTSE All World, plus a vast range of smaller exchanges and commodities, such as gold, silver, copper sugar, coffee and oil.
ETFs have zero upfront fees and annual charges as low as 0.07 per cent a year, which means you get to keep more of your returns, as actively managed funds can charge as much as 1.5 per cent a year.
There are thousands to choose from, with the five biggest providers BlackRock’s iShares range, Vanguard, State Street Global Advisors SPDR ETFs, Deutsche Bank AWM X-trackers and Invesco PowerShares.
Results
Stage 7:
1. Caleb Ewan (AUS) Lotto Soudal - 3:18:29
2. Sam Bennett (IRL) Deceuninck-QuickStep - same time
3. Phil Bauhaus (GER) Bahrain Victorious
4. Michael Morkov (DEN) Deceuninck-QuickStep
5. Cees Bol (NED) Team DSM
General Classification:
1. Tadej Pogacar (SLO) UAE Team Emirates - 24:00:28
2. Adam Yates (GBR) Ineos Grenadiers - 0:00:35
3. Joao Almeida (POR) Deceuninck-QuickStep - 0:01:02
4. Chris Harper (AUS) Jumbo-Visma - 0:01:42
5. Neilson Powless (USA) EF Education-Nippo - 0:01:45