Stormy Daniels would testify at Trump trial but says he does not deserve jail

Stormy Daniels, the adult film star at the centre of the criminal case against Donald Trump, said she does not think the former president should go to prison if convicted of concealing hush-money payments he allegedly made to her.

"I don’t think that his crimes against me are worthy of incarceration. I feel like the other things that he has done, if he is found guilty, absolutely," Daniels, 44, said in an interview with Fox Nation's Piers Morgan on Thursday.

Mr Trump was charged in New York on Tuesday with 34 felony counts of falsifying business records over allegations he orchestrated hush-money payments to Daniels and former Playboy model Karen McDougal before the 2016 US election to suppress publication of their alleged sexual encounters with him.

Mr Trump, 76, also faces criminal investigations in Washington for trying to overturn his 2020 election loss and mishandling classified documents, and a separate criminal investigation in Georgia about his attempt to overturn his defeat in that state.

Daniels, whose real name is Stephanie Clifford, told Morgan that if the case goes to trial, she would like to testify.

"I have nothing to hide. I'm the only one that has been telling the truth," she said.

In a separate development in the case, Mr Trump's lawyer, Joe Tacopina, may have a conflict of interest because Daniels shared “confidences” with him about her sexual encounter with the former president, Daniels's lawyer Clark Brewster said.

Mr Brewster wrote to Mr Tacopina about the potential conflict in a letter on April 3, which District Attorney Alvin Bragg’s office filed on Thursday in the former president’s case.

Mr Brewster said Daniels approached Mr Tacopina’s firm in February 2018 to represent her after the allegations originally became public.

While Daniels later hired Michael Avenatti, Mr Brewster says that Daniels shared important confidences about her encounter with Mr Trump.

“The confidential communications she shared with you and your colleagues — leading to a quote of a retainer fee — consisted of shared confidences regarding an opposing party clearly identified in those communications,” Mr Brewster wrote.

“For you to now represent that opposing party — Donald Trump — would be an ethical breach damaging Ms Clifford and potentially leading to professional discipline.”

Mr Brewster warned Mr Tacopina that if he ignored his ethical duties, he would report him to the New York Bar Association.

Agencies contributed to this report

Trump indictment key players - in pictures

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.”

GOLF’S RAHMBO

- 5 wins in 22 months as pro
- Three wins in past 10 starts
- 45 pro starts worldwide: 5 wins, 17 top 5s
- Ranked 551th in world on debut, now No 4 (was No 2 earlier this year)
- 5th player in last 30 years to win 3 European Tour and 2 PGA Tour titles before age 24 (Woods, Garcia, McIlroy, Spieth)

The specs

Engine: Long-range single or dual motor with 200kW or 400kW battery

Power: 268bhp / 536bhp

Torque: 343Nm / 686Nm

Transmission: Single-speed automatic

Max touring range: 620km / 590km

Price: From Dh250,000 (estimated)

On sale: Later this year

SPECS

%3Cp%3E%3Cstrong%3EEngine%3A%3C%2Fstrong%3E%20Dual%20electric%20motors%20with%20102kW%20battery%20pack%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E570hp%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ETorque%3A%3C%2Fstrong%3E%20890Nm%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERange%3A%3C%2Fstrong%3E%20Up%20to%20428km%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EOn%20sale%3A%3C%2Fstrong%3E%20Now%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3EFrom%20Dh1%2C700%2C000%3C%2Fp%3E%0A

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The specs: 2019 BMW X4

Price, base / as tested: Dh276,675 / Dh346,800

Engine: 3.0-litre turbocharged in-line six-cylinder

Transmission: Eight-speed automatic

Power: 354hp @ 5,500rpm

Torque: 500Nm @ 1,550rpm

Fuel economy, combined: 9.0L / 100km

Winners

Ballon d’Or (Men’s)
Ousmane Dembélé (Paris Saint-Germain / France)

Ballon d’Or Féminin (Women’s)
Aitana Bonmatí (Barcelona / Spain)

Kopa Trophy (Best player under 21 – Men’s)
Lamine Yamal (Barcelona / Spain)

Best Young Women’s Player
Vicky López (Barcelona / Spain)

Yashin Trophy (Best Goalkeeper – Men’s)
Gianluigi Donnarumma (Paris Saint-Germain and Manchester City / Italy)

Best Women’s Goalkeeper
Hannah Hampton (England / Aston Villa and Chelsea)

Men’s Coach of the Year
Luis Enrique (Paris Saint-Germain)

Women’s Coach of the Year
Sarina Wiegman (England)

pakistan Test squad

Azhar Ali (capt), Shan Masood, Abid Ali, Imam-ul-Haq, Asad Shafiq, Babar Azam, Fawad Alam, Haris Sohail, Imran Khan, Kashif Bhatti, Mohammad Rizwan (wk), Naseem Shah, Shaheen Shah Afridi, Mohammad Abbas, Yasir Shah, Usman Shinwari

UAE currency: the story behind the money in your pockets

The specs: 2018 Nissan Altima

Price, base / as tested: Dh78,000 / Dh97,650

Engine: 2.5-litre in-line four-cylinder

Power: 182hp @ 6,000rpm

Torque: 244Nm @ 4,000rpm

Transmission: Continuously variable tranmission

Fuel consumption, combined: 7.6L / 100km

WWE Evolution results

Trish Stratus and Lita beat Alicia Fox and Mickie James in a tag match
Nia Jax won a battle royal, eliminating Ember Moon last to win
Toni Storm beat Io Shirai to win the Mae Young Classic
Natalya, Sasha Banks and Bayley beat The Riott Squad in a six-woman tag match
Shayna Baszler won the NXT Women’s title by defeating Kairi Sane
Becky Lynch retained the SmackDown Women’s Championship against Charlotte Flair in a Last Woman Standing match
Ronda Rousey retained the Raw Women’s title by beating Nikki Bella

The specs: 2019 Mercedes-Benz C200 Coupe

Price, base: Dh201,153
Engine: 2.0-litre turbocharged four-cylinder
Transmission: Nine-speed automatic
Power: 204hp @ 5,800rpm
Torque: 300Nm @ 1,600rpm
Fuel economy, combined: 6.7L / 100km

Global state-owned investor ranking by size

1.	United States
2.	China
3.	UAE
4.	Japan
5	Norway
6.	Canada
7.	Singapore
8.	Australia
9.	Saudi Arabia
10.	South Korea

UAE currency

Labour dispute

The insured employee may still file an ILOE claim even if a labour dispute is ongoing post termination, but the insurer may suspend or reject payment, until the courts resolve the dispute, especially if the reason for termination is contested. The outcome of the labour court proceedings can directly affect eligibility.

- Abdullah Ishnaneh, Partner, BSA Law