A view of the Chicago skyline. Chicago Tribune / Getty
A view of the Chicago skyline. Chicago Tribune / Getty
A view of the Chicago skyline. Chicago Tribune / Getty
A view of the Chicago skyline. Chicago Tribune / Getty

Canadian wildfires smoke reaches Chicago as city records world's worst air quality


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The US city of Chicago recorded the worst air quality in the world on Tuesday while smoke from wildfires raging in Canada stretched into Europe.

Chicago was placed in the “unhealthy” red zone with an Air Quality Index reading of 168 at 8am ET, the World Air Quality Index showed. AQI levels between 151 and 200 are deemed “unhealthy”.

Dubai ranked second-worst with an AQI of 163 and Delhi was also placed in the “unhealthy” category with a reading of 152.

Air quality in Doha and Karachi was also deemed “unhealthy for sensitive groups”, with AQI readings of 134 and 110 respectively, while Jakarta's air quality was considered “moderate” at 99.

Minneapolis, Minnesota, approximately 658 kilometres north-west of Chicago, had an AQI of 143, also considered unhealthy for sensitive groups.

Chicago's decline in air quality was caused by smoke from wildfires that continue to rage through Canada, which are also causing hazy conditions and leaving a smoky stench in the Midwestern US city.

Meanwhile, smoke from Canada's fires have reached south-western Europe. An image captured by a Nasa satellite showed that the smoke had crossed over northern Portugal and Spain on Tuesday morning, the agency's Earth Observatory reported.

A map released by the observatory showed a cloud of soot travelling more than 3,200 kilometres across the Atlantic Ocean.

Ground sensors had also detected hazy skies in northern Spain and France. Meanwhile, the British Met Office said the smoke would contributed to “vivid sunrises and sunsets” over the next few days.

Still, the air quality in Europe has so far been unaffected because the smoke from the Canadian wildfires was higher up in the atmosphere.

The Canadian Interagency Forest Fire Centre has reported that more than 76,000 square kilometres of forest have been burnt since January 1, setting a record for area burnt by wildfires in a year.

There are currently 493 active fires across Canada, with 258 considered “out of control”, the agency reported on Tuesday.

How to improve Arabic reading in early years

One 45-minute class per week in Standard Arabic is not sufficient

The goal should be for grade 1 and 2 students to become fluent readers

Subjects like technology, social studies, science can be taught in later grades

Grade 1 curricula should include oral instruction in Standard Arabic

First graders must regularly practice individual letters and combinations

Time should be slotted in class to read longer passages in early grades

Improve the appearance of textbooks

Revision of curriculum should be undertaken as per research findings

Conjugations of most common verb forms should be taught

Systematic learning of Standard Arabic grammar

Breast cancer in men: the facts

1) Breast cancer is men is rare but can develop rapidly. It usually occurs in those over the ages of 60, but can occasionally affect younger men.

2) Symptoms can include a lump, discharge, swollen glands or a rash. 

3) People with a history of cancer in the family can be more susceptible. 

4) Treatments include surgery and chemotherapy but early diagnosis is the key. 

5) Anyone concerned is urged to contact their doctor

 

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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Updated: June 28, 2023, 6:35 AM