Katie Melua: The House



The musical history of Katie Melua suggests she is not an artist from whom to expect surprises. She kicked off her career back in 2003 with Call off the Search, and has since often been bracketed with the likes of Norah Jones, KT Tunstall and Dido. You know the sort of thing. Music to have a bath to, essentially. Heck, why not chuck in some bubbles and candles. Hello, James Blunt, you're in this category too.

Terry Wogan is often credited with the launch of Melua's career, having repeatedly played The Closest Thing To Crazy to BBC Radio 2 listeners when he first discovered it. The closest thing to crazy, Terry, was possibly being played the harp-heavy, somnolent single over and over again until ears bled. But it didn't seem to matter; the album sold more than a million copies in its first five months of release in the UK and subsequently went double-platinum in various countries across the globe.

Since then there have been two further studio albums, Piece by Piece and Pictures, which did well enough without matching the musical heights of their predecessor. Her latest effort, however, entitled The House, marks something of a departure for Melua. Gone is the obvious influence of Mike Batt (the old-fashioned popster, the writer of Bright Eyes and the creator of The Wombles), who has served as the producer on her three previous albums.

In his place has stepped William Orbit, the techno-reliant artist most known for producing Madonna's Ray of Light, and so we are presented with a younger, funkier sound and darker broodings from Melua's whispery voice. The introductory track, I'd Love To Kill You, for example, is one that may well have those stolid Radio 2 listeners leaping out of their armchairs in shock. It's a murder ballad, basically. "I'd love to kill you while you eat," she sings. "The pleasure would taste so sweet, I'd like to open up your skin and wander there within."

The ethereal, airy Orbit touch is clear in several places. Notably, on the title-track, The House, which falls last on the album. Melua's lush vocals rise and dip in a manner reminiscent of Tori Amos, while cymbals clash gently against solo guitar notes and high-pitched strings bring it to a climax. As beautifully orchestrated is The Floor, the album's debut single. The doom-laden track ("When the earth begins to crumble, why do you feel you have to hold on?",) was co-written by Robbie Williams' old collaborator, Guy Chambers. Starting off at a slow, stately pace suited to Melua's fragile whispering, it jumps into a more upbeat, groove track halfway through before dropping back down again into bass-drum mode.

There are a few weak spots. Plague of Love starts off with Melua moaning that her father (here, a doctor) and her mother (funnily enough a nurse) never told her about a particular problem she's suffering - she's been "struck down by the plague of love". It's a Roxy Music-lite, thick person's version of Love Is the Drug. But never mind. That's the Achilles heel to an album that elsewhere is pretty strong. By all means try it out in the bath, but - happily - you might find it works elsewhere too.

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Tori Amos
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Decca

Federer's 19 grand slam titles

Australian Open (5 titles) - 2004 bt Marat Safin; 2006 bt Marcos Baghdatis; 2007 bt Fernando Gonzalez; 2010 bt Andy Murray; 2017 bt Rafael Nadal

French Open (1 title) - 2009 bt Robin Soderling

Wimbledon (8 titles) - 2003 bt Mark Philippoussis; 2004 bt Andy Roddick; 2005 bt Andy Roddick; 2006 bt Rafael Nadal; 2007 bt Rafael Nadal; 2009 bt Andy Roddick; 2012 bt Andy Murray; 2017 bt Marin Cilic

US Open (5 titles) - 2004 bt Lleyton Hewitt; 2005 bt Andre Agassi; 2006 bt Andy Roddick; 2007 bt Novak Djokovic; 2008 bt Andy Murray

UEFA CHAMPIONS LEAGUE FIXTURES

All kick-off times 10.45pm UAE ( 4 GMT) unless stated

Tuesday
Sevilla v Maribor
Spartak Moscow v Liverpool
Manchester City v Shakhtar Donetsk
Napoli v Feyenoord
Besiktas v RB Leipzig
Monaco v Porto
Apoel Nicosia v Tottenham Hotspur
Borussia Dortmund v Real Madrid

Wednesday
Basel v Benfica
CSKA Moscow Manchester United
Paris Saint-Germain v Bayern Munich
Anderlecht v Celtic
Qarabag v Roma (8pm)
Atletico Madrid v Chelsea
Juventus v Olympiakos
Sporting Lisbon v Barcelona

All the Money in the World

Director: Ridley Scott

Starring: Charlie Plummer, Mark Wahlberg, Michelle Williams, Christopher Plummer

Four stars

Keep it fun and engaging

Stuart Ritchie, director of wealth advice at AES International, says children cannot learn something overnight, so it helps to have a fun routine that keeps them engaged and interested.

“I explain to my daughter that the money I draw from an ATM or the money on my bank card doesn’t just magically appear – it’s money I have earned from my job. I show her how this works by giving her little chores around the house so she can earn pocket money,” says Mr Ritchie.

His daughter is allowed to spend half of her pocket money, while the other half goes into a bank account. When this money hits a certain milestone, Mr Ritchie rewards his daughter with a small lump sum.

He also recommends books that teach the importance of money management for children, such as The Squirrel Manifesto by Ric Edelman and Jean Edelman.

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Barings Bank collapsed in February 1995 following colossal
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Leeson gambled more than $1 billion in speculative trades,
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TOUCH RULES

Touch is derived from rugby league. Teams consist of up to 14 players with a maximum of six on the field at any time.

Teams can make as many substitutions as they want during the 40 minute matches.

Similar to rugby league, the attacking team has six attempts - or touches - before possession changes over.

A touch is any contact between the player with the ball and a defender, and must be with minimum force.

After a touch the player performs a “roll-ball” - similar to the play-the-ball in league - stepping over or rolling the ball between the feet.

At the roll-ball, the defenders have to retreat a minimum of five metres.

A touchdown is scored when an attacking player places the ball on or over the score-line.

RESULT

Leeds United 1 Manchester City 1
Leeds:
 Rodrigo (59')
Man City: Sterling (17')

Man of the Match: Rodrigo Moreno (Leeds)

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.”