Sergio Ramos shown at a press conference on Saturday after Spain's 5-1 loss to Netherlands on Friday at the 2014 World Cup. Henry Romero / Reuters / June 14, 2014
Sergio Ramos shown at a press conference on Saturday after Spain's 5-1 loss to Netherlands on Friday at the 2014 World Cup. Henry Romero / Reuters / June 14, 2014

No end to Spain era, says Ramos: ‘Crazy talk .... Excuses are for losers’



Spain's players dismissed notions that a 5-1 loss to the Netherlands spelled the end of an era for the world champions, although coach Vicente del Bosque said it might be time to shake up the lineup for a crucial match against Chile.
"I think the majority of people have confidence in us. We accept criticism, but it's crazy to talk about the end of an era," defender Sergio Ramos said Saturday, a day after Spain endured their worst competitive defeat in 64 years.
"Excuses are for losers and Spain has a winning mentality, and that will never change."
Spain's bid to repeat as world champions could end if they lose Wednesday's match against Chile at the Maracana. Chile beat Australia 3-1 in the other Group B match on Friday.
Del Bosque defended his decision to stick with some of the squad's older players, saying players like Xavi Hernandez, Iker Casillas and Xabi Alonso were the backbone of a team that have provided so much success, including qualifying for Brazil.
"I sense these players are not too old, but I say that with some hesitation," Del Bosque said. "I believe they have the maturity and the skill to take on this challenge. Those that are over 30 are more responsible because of everything they have won in their careers.
"One problem is that we have been so used to having everything go our way. In the face of tough matches we should be prepared to face adversity."
Spain have gone on an unprecedented run since winning Euro 2008, but Del Bosque has done little tinkering with the core of that same team six years later. Spain have a generous amount of talented players that could likely slide right in like Javi Martinez, Koke and Cesc Fabregas.
And they may get their chance against Chile.
"There could be changes, but now is not the moment to talk about it. I don't want to rush things and make a wrong decision," said Del Bosque, who expected Chile to bring a similar style as the Dutch with high pressure up the field. "And if there are changes, it's not meant to be treated as a message to anyone."
Del Bosque did not speculate over whether he would stick with striker Diego Costa or return to using Fabregas as a "false striker" that has been so successful.
Casillas made several errors to allow easy goals, but Del Bosque did not sound inclined Saturday to drop his captain.
"When Iker got into the dressing room he made sure to address everybody despite the solemn silence, he apologised for his play and began the recovery process that we needed, he acted like a captain," Del Bosque said before Saturday's training, when he had a long solitary chat with Casillas on the sidelines. Xavi later joined in as Spain appeared to take stock of their situation, and the fallout from the historic defeat in which they conceded more goals in one game than they did in their last two major tournaments combined.
Spain were in this situation four years ago in South Africa when they opened with a 1-0 loss to Switzerland. Sixteen players are back from that team, and the next test will be whether they can recover from such a beating.
Ramos said nerves were not an issue.
"We've gone through difficult moments before," the Real Madrid centre back said, "but we have to keep away from feeling any nerves and focus on staying motivated."
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From Europe to the Middle East, economic success brings wealth - and lifestyle diseases

A rise in obesity figures and the need for more public spending is a familiar trend in the developing world as western lifestyles are adopted.

One in five deaths around the world is now caused by bad diet, with obesity the fastest growing global risk. A high body mass index is also the top cause of metabolic diseases relating to death and disability in Kuwait,  Qatar and Oman – and second on the list in Bahrain.

In Britain, heart disease, lung cancer and Alzheimer’s remain among the leading causes of death, and people there are spending more time suffering from health problems.

The UK is expected to spend $421.4 billion on healthcare by 2040, up from $239.3 billion in 2014.

And development assistance for health is talking about the financial aid given to governments to support social, environmental development of developing countries.

 

Director: Laxman Utekar

Cast: Vicky Kaushal, Akshaye Khanna, Diana Penty, Vineet Kumar Singh, Rashmika Mandanna

Rating: 1/5

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Guide to intelligent investing
Investing success often hinges on discipline and perspective. As markets fluctuate, remember these guiding principles:
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  • Rational thinking: Breathe and avoid emotional decision-making; let logic and planning guide your actions.
  • Strategic patience: Understand why you’re investing and allow time for your strategies to unfold.
 
 
Emergency

Director: Kangana Ranaut

Stars: Kangana Ranaut, Anupam Kher, Shreyas Talpade, Milind Soman, Mahima Chaudhry 

Rating: 2/5

Biog

Mr Kandhari is legally authorised to conduct marriages in the gurdwara

He has officiated weddings of Sikhs and people of different faiths from Malaysia, Sri Lanka, Russia, the US and Canada

Father of two sons, grandfather of six

Plays golf once a week

Enjoys trying new holiday destinations with his wife and family

Walks for an hour every morning

Completed a Bachelor of Commerce degree in Loyola College, Chennai, India

2019 is a milestone because he completes 50 years in business

 

Earth under attack: Cosmic impacts throughout history

4.5 billion years ago: Mars-sized object smashes into the newly-formed Earth, creating debris that coalesces to form the Moon

- 66 million years ago: 10km-wide asteroid crashes into the Gulf of Mexico, wiping out over 70 per cent of living species – including the dinosaurs.

50,000 years ago: 50m-wide iron meteor crashes in Arizona with the violence of 10 megatonne hydrogen bomb, creating the famous 1.2km-wide Barringer Crater

1490: Meteor storm over Shansi Province, north-east China when large stones “fell like rain”, reportedly leading to thousands of deaths.  

1908: 100-metre meteor from the Taurid Complex explodes near the Tunguska river in Siberia with the force of 1,000 Hiroshima-type bombs, devastating 2,000 square kilometres of forest.

1998: Comet Shoemaker-Levy 9 breaks apart and crashes into Jupiter in series of impacts that would have annihilated life on Earth.

-2013: 10,000-tonne meteor burns up over the southern Urals region of Russia, releasing a pressure blast and flash that left over 1600 people injured.

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The five pillars of Islam

1. Fasting

2. Prayer

3. Hajj

4. Shahada

5. Zakat 

How to apply for a drone permit
  • Individuals must register on UAE Drone app or website using their UAE Pass
  • Add all their personal details, including name, nationality, passport number, Emiratis ID, email and phone number
  • Upload the training certificate from a centre accredited by the GCAA
  • Submit their request
What are the regulations?
  • Fly it within visual line of sight
  • Never over populated areas
  • Ensure maximum flying height of 400 feet (122 metres) above ground level is not crossed
  • Users must avoid flying over restricted areas listed on the UAE Drone app
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  • Should have a live feed of the drone flight
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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.”