British King Charles III led a moving Remembrance Day service as the nation fell silent on Sunday to honour those who died in conflict.
There was a two-minute silence across the UK at 11am to commemorate the end of the First World War and other conflicts involving British and Commonwealth forces.
The royal family, senior politicians and dignitaries laid wreaths at the Cenotaph in London, where a major policing operation remains in place after more than 120 arrests were made – mostly of far-right counter-protesters – at a pro-Palestinian march held on Armistice Day.
Thousands of people braved drizzly weather and descended on Whitehall for the service, many arriving hours early to get a good spot.
The Massed Pipes and Drums played songs such as Rule Britannia in the rain, but the showers stopped before the king led the country in quiet reflection at the Whitehall memorial.
Wearing the uniform of the Marshal of the Royal Air Force with greatcoat, poppy and sword, King Charles – who as sovereign is commander-in-chief of the armed forces in the UK and realms – laid a wreath similar to the one produced for King George VI.
It featured 41 open style poppy petals mounted on an arrangement of black leaves – traditional for sovereigns’ wreaths – of 27-inch diameter ribbon and bow using the colours from King Charles’s racing silk – scarlet, purple and gold.
The Prince of Wales also laid a wreath, as did the Duke of Edinburgh and the Princess Royal.
Senior politicians including Prime Minister Rishi Sunak, Labour leader Keir Starmer, Home Secretary Suella Braverman and Foreign Secretary James Cleverly also laid wreaths.
Major Ollie Plunket of The Rifles, equerry to Queen Camilla, laid a wreath on behalf of her as she watched from a balcony with the Princess of Wales.
Buckingham Palace said the Queen Camilla’s wreath closely resembled the one produced for the Queen Mother.
Britain prepares for Armistice Day – in pictures
They were joined in paying tribute by the living former prime ministers: Liz Truss, Boris Johnson, Theresa May, David Cameron, Gordon Brown, Sir Tony Blair and Sir John Major.
Almost 10,000 veterans and 800 armed forces personnel from all three services took part in a procession, and members of the public applauded as they marched past.
Nine D-Day veterans were due to participate in the Remembrance Day service and the oldest, Joe Randall, 100, was due to march with the Spirit of Normandy Trust, a government representative said.
Among those marching were nuclear test veterans, who for the first time will wear a medal acknowledging their contribution.
After 70 years of waiting for recognition, those exposed to the effects of nuclear bombs during the UK’s testing programme were given a medal, depicting an atom surrounded by olive branches, for the Remembrance Sunday service.
More than 300 military and civilian organisations were represented, as well as 300 veterans not affiliated with an association who had been invited to join for the first time.
Prince Edward wore the Royal Wessex Yeomanry uniform for the ceremony, while Princess Anne wore a Royal Navy uniform in the rank of admiral with a greatcoat, cap, sword and poppy.
Before the service, City of Westminster street cleaners swept and washed the Whitehall road approaching the Cenotaph, and volunteers handed out hymn sheets to the crowd.
“The courage and commitment shown by our servicemen and women, both today and throughout the generations that came before them, is humbling, and I know many across the country will be honouring their memory today in quiet reflection,” Mr Sunak said.
“Recent events have served as a stark reminder that we cannot take the hard-earned peace we live in for granted, which is why I am honoured to lay a wreath on behalf of the nation in the memory of all those that have lost their lives defending our country and the values we hold so close.
“I am determined to ensure we never forget the ultimate sacrifice they have made.”
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Trial & Error — cognitive disorder prosopagnosia (facial blindness and dyslexia)
Grey’s Anatomy — prosthetic leg
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Switched at Birth — deafness
One Mississippi, Wentworth and Transparent — double mastectomy
Dragons — double amputee
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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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Director: Rupert Wyatt
Rating: 3/5
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Match info:
Real Betis v Sevilla, 10.45pm (UAE)
Pakistan squad
Sarfraz (c), Zaman, Imam, Masood, Azam, Malik, Asif, Sohail, Shadab, Nawaz, Ashraf, Hasan, Amir, Junaid, Shinwari and Afridi
Ten tax points to be aware of in 2026
1. Domestic VAT refund amendments: request your refund within five years
If a business does not apply for the refund on time, they lose their credit.
2. E-invoicing in the UAE
Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption.
3. More tax audits
Tax authorities are increasingly using data already available across multiple filings to identify audit risks.
4. More beneficial VAT and excise tax penalty regime
Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.
5. Greater emphasis on statutory audit
There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.
6. Further transfer pricing enforcement
Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes.
7. Limited time periods for audits
Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion.
8. Pillar 2 implementation
Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.
9. Reduced compliance obligations for imported goods and services
Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations.
10. Substance and CbC reporting focus
Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity.
Contributed by Thomas Vanhee and Hend Rashwan, Aurifer
SHOW COURTS ORDER OF PLAY
Centre Court (4pm UAE/12pm GMT)
Victoria Azarenka (BLR) v Heather Watson (GBR)
Rafael Nadal (ESP x4) v Karen Khachanov (RUS x30)
Andy Murray (GBR x1) v Fabio Fognini (ITA x28)
Court 1 (4pm UAE)
Steve Johnson (USA x26) v Marin Cilic (CRO x7)
Johanna Konta (GBR x6) v Maria Sakkari (GRE)
Naomi Osaka (JPN) v Venus Williams (USA x10)
Court 2 (2.30pm UAE)
Aljaz Bedene (GBR) v Gilles Muller (LUX x16)
Peng Shuai (CHN) v Simona Halep (ROM x2)
Jelena Ostapenko (LAT x13) v Camila Giorgi (ITA)
Jo-Wilfried Tsonga (FRA x12) v Sam Querrey (USA x24)
Court 3 (2.30pm UAE)
Kei Nishikori (JPN x9) v Roberto Bautista Agut (ESP x18)
Carina Witthoeft (GER) v Elina Svitolina (UKR x4)
Court 12 (2.30pm UAE)
Dominika Cibulkova (SVK x8) v Ana Konjuh (CRO x27)
Kevin Anderson (RSA) v Ruben Bemelmans (BEL)
Court 18 (2.30pm UAE)
Caroline Garcia (FRA x21) v Madison Brengle (USA)
Benoit Paire (FRA) v Jerzy Janowicz (POL)
WRESTLING HIGHLIGHTS
Is it worth it? We put cheesecake frap to the test.
The verdict from the nutritionists is damning. But does a cheesecake frappuccino taste good enough to merit the indulgence?
My advice is to only go there if you have unusually sweet tooth. I like my puddings, but this was a bit much even for me. The first hit is a winner, but it's downhill, slowly, from there. Each sip is a little less satisfying than the last, and maybe it was just all that sugar, but it isn't long before the rush is replaced by a creeping remorse. And half of the thing is still left.
The caramel version is far superior to the blueberry, too. If someone put a full caramel cheesecake through a liquidiser and scooped out the contents, it would probably taste something like this. Blueberry, on the other hand, has more of an artificial taste. It's like someone has tried to invent this drink in a lab, and while early results were promising, they're still in the testing phase. It isn't terrible, but something isn't quite right either.
So if you want an experience, go for a small, and opt for the caramel. But if you want a cheesecake, it's probably more satisfying, and not quite as unhealthy, to just order the real thing.
