Film producer Harvey Weinstein arrives at New York Criminal Court during his ongoing sexual assault trial in the Manhattan borough of New York City, New York, US, February 13, 2020. REUTERS/Carlo Allegri
Film producer Harvey Weinstein arrives at New York Criminal Court during his ongoing sexual assault trial in the Manhattan borough of New York City, New York, US, February 13, 2020. REUTERS/Carlo Allegri
Film producer Harvey Weinstein arrives at New York Criminal Court during his ongoing sexual assault trial in the Manhattan borough of New York City, New York, US, February 13, 2020. REUTERS/Carlo Allegri
Film producer Harvey Weinstein arrives at New York Criminal Court during his ongoing sexual assault trial in the Manhattan borough of New York City, New York, US, February 13, 2020. REUTERS/Carlo Alle

Weinstein lawyer: prosecutors have a ‘tale', not a case


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Harvey Weinstein’s lawyer told jurors on Thursday that prosecutors in the rape case against him were acting like moviemakers, creating a world where “women are not responsible” for how they interact with men.

Mr Weinstein is innocent, lawyer Donna Rotunno said, appealing to jurors to ignore “outside forces” and use their “New York City common sense” in considering a case regarded as a milestone for the #MeToo movement.

Ms Rotunno, criticised by #MeToo supporters for backing the disgraced movie mogul, said prosecutors had to come up with a “sinister tale” about the disgraced producer, 67, because they did not have the evidence to prove the charges.

“The irony is that they are the producers and they are writing the script,” she said. “In their universe, women are not responsible” for their behaviour when they engage with men.

Ms Rotunno must convince the jury of seven men and five women that there are too many inconsistencies in the testimony of Mr Weinstein’s accusers, without breaking her earlier promise that jurors would not hear any “victim shaming".

“You don’t have to like Mr Weinstein,” she told jurors. “This is not a popularity contest.”

Mr Weinstein is charged with raping a woman in a Manhattan hotel room in 2013 and forcibly performing oral sex on another in 2006.

Other accusers testified as part of a prosecution effort to show he used the same tactics to victimise many women over the years.

Mr Weinstein, who did not testify, has maintained any sexual encounters were consensual.

The jury is due to hear the prosecution closing arguments on Friday before receiving instructions from Judge James Burke next week, then starting deliberations.

In often emotional testimony, Mr Weinstein’s accusers said he lured them to hotels in New York and Los Angeles on the pretense of promoting their acting careers, then sexually assaulted them.

The defence confronted some accusers with warm emails and other communication with Mr Weinstein months or even years after the alleged attacks.

The jury heard about emails in which the victim of the alleged rape later wrote to Mr Weinstein to accept party invitations from him, give him new phone numbers and even express gratitude.

One message read: “I feel so fabulous and beautiful. Thank you for everything.”

Ms Rotunno is also likely to highlight the testimony of a friend and former roommate of the same accuser, who said she never heard her say anything bad about Mr Weinstein.

The witness said the woman once called him her “spiritual soulmate”.

Ms Rotunno delivered her closing argument less than a week after she came under fire on social media for telling The New York Times that she'd never been attacked "because I would never put myself in that position".

In court, prosecutor Joan Illuzzi-Orbon questioned the timing of the interview and rebuked her for calling the prosecution’s witnesses “liars.”

“That was taped a long time ago,” Ms Rotunno interrupted, claiming that she had not talked to anyone in the media since the case began.

She was later contradicted by a Times spokeswoman, who said the interview was recorded on January 28 — five days after opening statements and the start of testimony.

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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Key facilities
  • Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
  • Premier League-standard football pitch
  • 400m Olympic running track
  • NBA-spec basketball court with auditorium
  • 600-seat auditorium
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  • An elevated football field that doubles as a helipad
  • Specialist robotics and science laboratories
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  • Disruption Lab and Research Centre for developing entrepreneurial skills

In Full Flight: A Story of Africa and Atonement
John Heminway, Knopff

Various Artists 
Habibi Funk: An Eclectic Selection Of Music From The Arab World (Habibi Funk)
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RESULTS

5pm: Wathba Stallions Cup – Handicap (PA) Dh70,000 (Turf) 2,200m
Winner: M'A Yaromoon, Jesus Rosales (jockey), Khalifa Al Neydai (trainer)

5.30pm: Khor Al Baghal – Conditions (PA) Dh80,000 (T) 1,600m
Winner: No Riesgo Al Maury, Antonio Fresu, Ibrahim Al Hadhrami

6pm: Khor Faridah – Handicap (PA) Dh80,000 (T) 1,600m
Winner: JAP Almahfuz, Royston Ffrench, Irfan Ellahi

6.30pm: Abu Dhabi Fillies Classic – Prestige (PA) Dh110,000 (T) 1,400m
Winner: Mahmouda, Pat Cosgrave, Abdallah Al Hammadi

7pm: Abu Dhabi Colts Classic – Prestige (PA) Dh110,000 (T) 1,400m
Winner: AS Jezan, George Buckell, Ahmed Al Mehairbi

7.30pm: Khor Laffam – Handicap (TB) Dh80,000 (T) 2,200m
Winner: Dolman, Antonio Fresu, Bhupath Seemar

Griselda
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