UK protesters shout, 'Muslim killers, off our streets' in march over murdered soldier



LONDON // Around a thousand far-right protesters shouting "Muslim killers, off our streets" marched through central London yesterday against a backdrop of swelling anti-Muslim feeling following the killing of a British soldier last week.

Lee Rigby, a 25-year-old soldier, was hacked to death in broad daylight in a south London street by two men who said they killed him in the name of Islam. The attack has shocked Britain and stirred an anti-Muslim backlash, including attacks on mosques.

In a tense but largely peaceful demonstration, supporters of the far-right English Defence League (EDL) rallied in London outside Prime Minister David Cameron's residence waving placards and shouting anti-Islamic obscenities.

"Islamic extremism is probably the number one threat to Britain," said one protester, Ben Gates. Other demonstrators chanted "Muslim bombers off our streets".

Another protester, Samuel Hames, said, of Rigby: "He survived his tour of foreign lands and comes home to his family and what happened to him is disgusting."

Nearly 2,000 people marched at a similar demonstration in the northern city of Newcastle on Saturday. Two men were arrested overnight for throwing firebombs at an Islamic cultural centre in Grimsby, in the northeast of England. Similar attacks were recorded last week.

As anti-racist groups warned there could be more reprisals, Cameron came under intense pressure on Monday for going on holiday, with pictures of him relaxing in Ibiza prompting newspapers to question his leadership at a time of unease.

"Is Ibiza chillaxed (relaxed) enough for you, Prime Minister?" asked the right-wing Daily Mail newspaper.

Faith Matters, a charity working to defuse religious tensions, said it had registered a spike in reports of Islamophobic attacks in calls to its hotline, describing incidents as "very focused, very aggressive attacks".

Two war memorials in London were vandalised with red graffiti overnight, including the word 'Islam' spray-painted onto one monument.

Suspects Michael Adebolajo, 28, and Michael Adebowale, 22, allegedly ran over Rigby with a car near his army barracks and butchered him with knives. Police shot the two, and they remain under armed guard in separate London hospitals.

In a dramatic video clip shot by an onlooker and shown on British television, one of the two men, his hands bloodied, says he killed the soldier in retaliation for the deaths of Muslims killed by British troops in faraway lands.

Police have arrested 10 people in connection with the murder. Three people have been released on bail.

The attack prompted an emotional outpouring of sympathy in Britain, with well-wishers laying hundreds of flowers in the street where Rigby was killed. But some were openly angry.

"We've had enough of our soldiers being abused... We'd had enough of the plots and the violence," EDL wrote on its website.

In an attempt to counter the right-wing rally, anti-fascist group Unite Against Racism held its own demonstration nearby but was heavily outnumbered by EDL protesters.

A handful of far-right demonstrators threw bottles and coins at the anti-fascist rally. Police vans and officers blocked the two groups from approaching each other.

"They are a minority and a very scary growing minority," an anti-EDL protester who gave her name as Clara said. "I feel ashamed to be a Londoner today. This is disgusting."

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Stars: Ajay Devgn, Kareena Kapoor Khan, Ranveer Singh, Akshay Kumar, Tiger Shroff, Deepika Padukone

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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.

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Favourite activity in Abu Dhabi: scuba diving in the Northern Emirates 

 

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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In numbers

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