Barack Obama calls for widespread policing reforms after protests


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Former US president Barack Obama on Wednesday urged every American mayor to review and reform their police department's policies on use of force in consultation with their communities.

The country's first black president also struck a note of optimism, even as he acknowledged the despair and anger powering the protests since the death of George Floyd, an unarmed black man, in police custody nine days ago.

"In some ways, as tragic as these past few weeks have been, as difficult and scary and uncertain as they've been, they've also been an incredible opportunity for people to be awakened to some of these underlying trends," Mr Obama said from his Chicago home.

"And they offer an opportunity for us to all work together to tackle them, to take them on, to change America and make it live up to its highest ideals."

  • The Federal Hall in Manhattan, New York is seen marked with graffiti after protests against the death in Minneapolis police custody of George Floyd. Reuters
    The Federal Hall in Manhattan, New York is seen marked with graffiti after protests against the death in Minneapolis police custody of George Floyd. Reuters
  • A NYPD policeman is seen during a protest in Brooklyn, New York City. Reuters
    A NYPD policeman is seen during a protest in Brooklyn, New York City. Reuters
  • Protesters demonstrate during a peaceful march in downtown Houston, Texas. AFP
    Protesters demonstrate during a peaceful march in downtown Houston, Texas. AFP
  • Protestors including British actor John Boyega, centre, raise their fists in Parliament square during an anti-racism demonstration in London. AFP
    Protestors including British actor John Boyega, centre, raise their fists in Parliament square during an anti-racism demonstration in London. AFP
  • British actor John Boyega speaks to protestors in Parliament square during an anti-racism demonstration in London. AFP
    British actor John Boyega speaks to protestors in Parliament square during an anti-racism demonstration in London. AFP
  • Protesters kneel to demonstrate against the death of George Floyd near the US Capitol, in Washington, DC. AFP
    Protesters kneel to demonstrate against the death of George Floyd near the US Capitol, in Washington, DC. AFP
  • Protestors hold placards and shout slogans as they march during an anti-racism demonstration in central London. AFP
    Protestors hold placards and shout slogans as they march during an anti-racism demonstration in central London. AFP
  • People lay down in protest for the death of George Floyd near the US Capitol, in Washington, DC. AFP
    People lay down in protest for the death of George Floyd near the US Capitol, in Washington, DC. AFP
  • Police officers react as they attempt to detain a protestor near the entrance to Downing Street, during an anti-racism demonstration in London. AFP
    Police officers react as they attempt to detain a protestor near the entrance to Downing Street, during an anti-racism demonstration in London. AFP
  • Protesters during a protest on the Malieveld in The Hague, The Netherlands. Organizer Black Lives Matter Netherlands organized the meeting in protest of violence against black people in the US and the death of 46-year-old George Floyd while in police custody. EPA
    Protesters during a protest on the Malieveld in The Hague, The Netherlands. Organizer Black Lives Matter Netherlands organized the meeting in protest of violence against black people in the US and the death of 46-year-old George Floyd while in police custody. EPA
  • Protestors scuffle with Police officers near the entrance to Downing Street, during an anti-racism demonstration in London. AFP
    Protestors scuffle with Police officers near the entrance to Downing Street, during an anti-racism demonstration in London. AFP
  • Protestors hold placards during a demonstration in London. AFP
    Protestors hold placards during a demonstration in London. AFP
  • U.S. Army soldiers pass protesters as they arrive to maintain a perimeter during a rally against the death in Minneapolis police custody of George Floyd, near the White House, in Washington, U.S. REUTERS
    U.S. Army soldiers pass protesters as they arrive to maintain a perimeter during a rally against the death in Minneapolis police custody of George Floyd, near the White House, in Washington, U.S. REUTERS
  • Washington, DC Mayor Muriel Bowser bows her head in prayer during a vigil as protests continue on the streets near the White House over the death in police custody of George Floyd, in Washington, U.S. REUTERS
    Washington, DC Mayor Muriel Bowser bows her head in prayer during a vigil as protests continue on the streets near the White House over the death in police custody of George Floyd, in Washington, U.S. REUTERS
  • A demonstrator displays a message of protest on shoes as protesters rally against the death in Minneapolis police custody of George Floyd, near the White House in Washington, U.S. REUTERS
    A demonstrator displays a message of protest on shoes as protesters rally against the death in Minneapolis police custody of George Floyd, near the White House in Washington, U.S. REUTERS
  • A police officer takes a knee in front of protesters near Downing Street during a "Black Lives Matter" protest following the death of George Floyd who died in police custody in Minneapolis, London, Britain. REUTERS
    A police officer takes a knee in front of protesters near Downing Street during a "Black Lives Matter" protest following the death of George Floyd who died in police custody in Minneapolis, London, Britain. REUTERS
  • This combination of photos provided by the Hennepin County Sheriff's Office in Minnesota shows J. Alexander Kueng, from left, Thomas Lane and Tou Thao. They have been charged with aiding and abetting Derek Chauvin, who is charged with second-degree murder of George Floyd, a black man who died after being restrained by the Minneapolis police officers on May 25. AP
    This combination of photos provided by the Hennepin County Sheriff's Office in Minnesota shows J. Alexander Kueng, from left, Thomas Lane and Tou Thao. They have been charged with aiding and abetting Derek Chauvin, who is charged with second-degree murder of George Floyd, a black man who died after being restrained by the Minneapolis police officers on May 25. AP
  • Hundreds of demonstrators lie face down depicting George Floyd during his detention by police during a protest against police brutality, on Boston Common. AP Photo
    Hundreds of demonstrators lie face down depicting George Floyd during his detention by police during a protest against police brutality, on Boston Common. AP Photo
  • Atlanta Police Officer J. Coleman, left, and protester Elijah Raffington, of Sandy Springs, fist bump while an Atlanta Police bicycle unit blocking Marietta Street at Centennial Olympic Park Drive kneels down with protesters in a symbolic gesture of solidarity outside the CNN Center at Olympic Park, in Atlanta, during a protest sparked by the May 25 death of George Floyd in Minneapolis police custody. AP
    Atlanta Police Officer J. Coleman, left, and protester Elijah Raffington, of Sandy Springs, fist bump while an Atlanta Police bicycle unit blocking Marietta Street at Centennial Olympic Park Drive kneels down with protesters in a symbolic gesture of solidarity outside the CNN Center at Olympic Park, in Atlanta, during a protest sparked by the May 25 death of George Floyd in Minneapolis police custody. AP
  • People continue to gather near the intersection of 38th and Chicago in front of the Cup Foods at the spot where George Floyd was arrested and who later died in police custody, in Minneapolis, Minnesota, USA. EPA
    People continue to gather near the intersection of 38th and Chicago in front of the Cup Foods at the spot where George Floyd was arrested and who later died in police custody, in Minneapolis, Minnesota, USA. EPA

He also directly addressed young Americans of colour.

"I want you to know that you matter, I want you to know that your lives matter, that your dreams matter," Mr Obama said.

His speech offered a distinct contrast in tone to the way his successor, President Donald Trump, has responded to the protests, some of which have devolved into violence.

Mr Trump has threatened to send in the US military to quell demonstrations and told governors to get "tougher".

Mr Obama did not mention Mr Trump on Wednesday, although he has criticised the president's actions more frequently in recent weeks.

Wednesday's address was part of a discussion hosted by My Brother's Keeper, a programme Mr Obama founded in 2014 after police shot dead black teenager Michael Brown in Ferguson, Missouri, to address deep-seated racial inequities.

The panel included former Attorney General Eric Holder and other black leaders.

Mr Obama, who saw a similar outpouring of grief and frustration while in office after police killings of unarmed black men, rejected the notion that one must choose between "voting versus protests" or "politics and participation versus civil disobedience".

"This is not an either-or," he said. "This is a both-and".

Timeline

2012-2015

The company offers payments/bribes to win key contracts in the Middle East

May 2017

The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts

September 2021

Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act

October 2021

Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence 

December 2024

Petrofac enters into comprehensive restructuring to strengthen the financial position of the group

May 2025

The High Court of England and Wales approves the company’s restructuring plan

July 2025

The Court of Appeal issues a judgment challenging parts of the restructuring plan

August 2025

Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision

October 2025

Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange

November 2025

180 Petrofac employees laid off in the UAE

SQUADS

UAE
Mohammed Naveed (captain), Mohamed Usman (vice-captain), Ashfaq Ahmed, Chirag Suri, Shaiman Anwar, Mohammed Boota, Ghulam Shabber, Imran Haider, Tahir Mughal, Amir Hayat, Zahoor Khan, Qadeer Ahmed, Fahad Nawaz, Abdul Shakoor, Sultan Ahmed, CP Rizwan

Nepal
Paras Khadka (captain), Gyanendra Malla, Dipendra Singh Airee, Pradeep Airee, Binod Bhandari, Avinash Bohara, Sundeep Jora, Sompal Kami, Karan KC, Rohit Paudel, Sandeep Lamichhane, Lalit Rajbanshi, Basant Regmi, Pawan Sarraf, Bhim Sharki, Aarif Sheikh

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.”

The National in Davos

We are bringing you the inside story from the World Economic Forum's Annual Meeting in Davos, a gathering of hundreds of world leaders, top executives and billionaires.

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