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An array of ceremonial swords will be presented at King Charles's coronation, each symbolising aspects of the monarch's duties and responsibilities.
The symbolic weapons not only embody the history and traditions of the British monarchy but also serve as a reminder of the sovereign's commitment to the nation, the law, and the faith.
But what are the meanings and stories behind each of these unique and majestic swords, as they play a pivotal role in this momentous occasion?
Sword of Offering: Protecting the Church
The Sword of Offering will be presented by the Archbishop of Canterbury, signifying the monarch's commitment to defending the Church of England.
The steel sword features a gold hilt and an engraved blade, with the inscription “Ecclesiae Anglicanae Defensor”, a Latin phrase that translates to “Defender of the Church of England”.
This engraving on the Sword of Offering signifies the British monarch's responsibility to protect and support the Church of England, emphasising the close relationship between the monarchy and the established church.
The Lord Great Chamberlain will carry this sword during the procession.
Sword of Temporal Justice: Upholding the Law
The Lord Chancellor will present the Sword of Temporal Justice, representing the monarch's obligation to uphold the law.
This steel sword, with a gold hilt, bears the engraving “Iustitia et Pax”. The Latin phrase translates to “Justice and Peace” and symbolises the monarch's duty to uphold the law, promote justice, and maintain peace within their realm.
The Lord High Constable will carry it in the coronation procession.
Sword of Spiritual Justice: Defending the Faith
The Archbishop of Canterbury will also present the Sword of Spiritual Justice, symbolising the monarch's dedication to defending the Church of England.
With a gold hilt and an engraved steel blade, it reads “Defensor Fidei”. The Latin phrase translates to “Defender of the Faith”.
The engraving represents the monarch's duty to protect and uphold the Church of England's religious principles and traditions, emphasising the sovereign's commitment to the spiritual well-being of the nation.
The Lord High Almoner will carry this sword during the procession.
Sword of Mercy (Curtana): Embodying Compassion
The Sword of Mercy, or Curtana, is unique with its blunted tip, signifying the monarch's mercy and compassion.
The steel sword features a gold hilt and an engraved blade, reading “Misericordia Domini”. The Latin phrase translates to “The Mercy of the Lord” and highlights the importance of mercy and compassion in the monarch's rule, reminding the sovereign to exercise kindness, understanding, and forgiveness when governing the realm.
The Gentleman Usher of the Sword will carry the Curtana in the procession.
Sword of State: Exercising Authority
The Sword of State, carried by the Gentleman Usher of the Sword, represents the monarch's authority.
This ceremonial sword, made of steel with a gold hilt, is engraved with “Dieu et mon droit”. The French phrase translates to “God and my right” and represents the divine right of the monarch to rule, emphasising that their authority comes from God.
This phrase also serves as the motto of the British monarch and appears on the Royal Coat of Arms of the United Kingdom.
It will be carried before King Charles III during formal occasions, reminding all of the sovereign's power and responsibility.
Skewed figures
In the village of Mevagissey in southwest England the housing stock has doubled in the last century while the number of residents is half the historic high. The village's Neighbourhood Development Plan states that 26% of homes are holiday retreats. Prices are high, averaging around £300,000, £50,000 more than the Cornish average of £250,000. The local average wage is £15,458.
RESULTS
Welterweight
Tohir Zhuraev (TJK) beat Mostafa Radi (PAL)
(Unanimous points decision)
Catchweight 75kg
Anas Siraj Mounir (MAR) beat Leandro Martins (BRA)
(Second round knockout)
Flyweight (female)
Manon Fiorot (FRA) beat Corinne Laframboise (CAN)
(RSC in third round)
Featherweight
Bogdan Kirilenko (UZB) beat Ahmed Al Darmaki
(Disqualification)
Lightweight
Izzedine Al Derabani (JOR) beat Rey Nacionales (PHI)
(Unanimous points)
Featherweight
Yousef Al Housani (UAE) beat Mohamed Fargan (IND)
(TKO first round)
Catchweight 69kg
Jung Han-gook (KOR) beat Max Lima (BRA)
(First round submission by foot-lock)
Catchweight 71kg
Usman Nurmogamedov (RUS) beat Jerry Kvarnstrom (FIN)
(TKO round 1).
Featherweight title (5 rounds)
Lee Do-gyeom (KOR) v Alexandru Chitoran (ROU)
(TKO round 1).
Lightweight title (5 rounds)
Bruno Machado (BRA) beat Mike Santiago (USA)
(RSC round 2).
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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