The jubilant South Africans congratulate the captain Graeme Smith following his unbeaten 154.
The jubilant South Africans congratulate the captain Graeme Smith following his unbeaten 154.

South Africa claim series win over England



BIRMINGHAM // Graeme Smith played one of the great rearguard innings as South Africa chased 281 to win the third Test by five wickets and capture their first series win in England for 43 years. The South Africa captain finished unbeaten on 154 at Edgbaston after putting on 112 for the sixth wicket with Mark Boucher (45 not out), who came in with the team in trouble at 171-5. Smith finished the game with a pull shot through midwicket off part-time offspinner Kevin Pietersen, holding his arms aloft in triumph as South Africa took an unassailable 2-0 lead in the four-match series. Resuming after tea on 111-4, Smith survived an excellent leg-before-wicket shout from Monty Panesar when he shouldered arms to a sharply spinning delivery. Despite cutting and driving powerfully and hooking fiercely, Smith rode his luck at times, beating a run out opportunity on 78 when Ian Bell fumbled the wicketkeeper Tim Ambrose's throw with the captain short of his ground. Smith then gloved a catch on 85 to Ambrose off Panesar, but the English fielders half-hearted appeal left umpire Aleem Dar with little option but to give the batsman the benefit of the doubt.

AB de Villiers and Smith added 78 before Paul Collingwood caught de Villiers at first slip for 27 off Panesar to leave the tourists on 171-5. But Smith and Boucher set about grinding down the England attack to claim a famous victory. Earlier, England were dismissed for 363 with Paul Collingwood virtually saving his Test career by scoring 135 after the team had resumed on 297-6. England had a bad start when Ambrose was bowled by Morne Morkel on the second ball of the day for 19. Ambrose and Collingwood had added 76 for the seventh wicket and the wicketkeeper's departure brought Ryan Sidebottom in. Collingwood and Sidebottom continued to frustrate the South Africa bowlers by compiling a 65-run partnership, before Sidebottom became Morkel's second victim of the morning when he gloved a catch to Hashim Amla at short leg. James Anderson was bowled by Jaques Kallis for 1, and Collingwood was out when his cut shot at Morkel was edged to Boucher. Smith and Neil McKenzie had to face a tricky 20-minute spell before lunch as South Africa came into bat, taking the score to 11-0. England then took four wickets in the second session for only 28 runs to leave the Proteas on 111-4 at tea, still requiring 170 for victory. McKenzie and Smith had made good progress to reach 65-0 with few alarms. But Andrew Flintoff struck when McKenzie lost sight of a yorker that caught him flush on the toe and umpire Steve Davis gave him out lbw for 22. Panesar then trapped Amla in front for 6, before Kallis on 5 became the third lbw victim of the innings when he also lost sight of Flintoff's full toss and was hit on the thigh. Kallis stood his ground in disbelief, but Davis raised his finger to leave South Africa on 83-3. Ashwell Prince made 2 before James Anderson slanted a ball across to have him caught behind by Tim Ambrose to leave the tourists on 93-4.

The fourth Test starts on Thursday at The Oval in London. South Africa won the second Test at Headingley by 10 wickets last week after the first match at Lord's was drawn. *AP

Will the pound fall to parity with the dollar?

The idea of pound parity now seems less far-fetched as the risk grows that Britain may split away from the European Union without a deal.

Rupert Harrison, a fund manager at BlackRock, sees the risk of it falling to trade level with the dollar on a no-deal Brexit. The view echoes Morgan Stanley’s recent forecast that the currency can plunge toward $1 (Dh3.67) on such an outcome. That isn’t the majority view yet – a Bloomberg survey this month estimated the pound will slide to $1.10 should the UK exit the bloc without an agreement.

New Prime Minister Boris Johnson has repeatedly said that Britain will leave the EU on the October 31 deadline with or without an agreement, fuelling concern the nation is headed for a disorderly departure and fanning pessimism toward the pound. Sterling has fallen more than 7 per cent in the past three months, the worst performance among major developed-market currencies.

“The pound is at a much lower level now but I still think a no-deal exit would lead to significant volatility and we could be testing parity on a really bad outcome,” said Mr Harrison, who manages more than $10 billion in assets at BlackRock. “We will see this game of chicken continue through August and that’s likely negative for sterling,” he said about the deadlocked Brexit talks.

The pound fell 0.8 per cent to $1.2033 on Friday, its weakest closing level since the 1980s, after a report on the second quarter showed the UK economy shrank for the first time in six years. The data means it is likely the Bank of England will cut interest rates, according to Mizuho Bank.

The BOE said in November that the currency could fall even below $1 in an analysis on possible worst-case Brexit scenarios. Options-based calculations showed around a 6.4 per cent chance of pound-dollar parity in the next one year, markedly higher than 0.2 per cent in early March when prospects of a no-deal outcome were seemingly off the table.

Bloomberg

MATCH INFO

Uefa Champions League, last 16, first leg

Ajax v Real Madrid, midnight (Thursday), BeIN Sports

The Melbourne Mercer Global Pension Index

The Melbourne Mercer Global Pension Index

Mazen Abukhater, principal and actuary at global consultancy Mercer, Middle East, says the company’s Melbourne Mercer Global Pension Index - which benchmarks 34 pension schemes across the globe to assess their adequacy, sustainability and integrity - included Saudi Arabia for the first time this year to offer a glimpse into the region.

The index highlighted fundamental issues for all 34 countries, such as a rapid ageing population and a low growth / low interest environment putting pressure on expected returns. It also highlighted the increasing popularity around the world of defined contribution schemes.

“Average life expectancy has been increasing by about three years every 10 years. Someone born in 1947 is expected to live until 85 whereas someone born in 2007 is expected to live to 103,” Mr Abukhater told the Mena Pensions Conference.

“Are our systems equipped to handle these kind of life expectancies in the future? If so many people retire at 60, they are going to be in retirement for 43 years – so we need to adapt our retirement age to our changing life expectancy.”

Saudi Arabia came in the middle of Mercer’s ranking with a score of 58.9. The report said the country's index could be raised by improving the minimum level of support for the poorest aged individuals and increasing the labour force participation rate at older ages as life expectancies rise.

Mr Abukhater said the challenges of an ageing population, increased life expectancy and some individuals relying solely on their government for financial support in their retirement years will put the system under strain.

“To relieve that pressure, governments need to consider whether it is time to switch to a defined contribution scheme so that individuals can supplement their own future with the help of government support,” he said.

PAST 10 BRITISH GRAND PRIX WINNERS

2016 - Lewis Hamilton (Mercedes-GP)
2015 - Lewis Hamilton (Mercedes-GP)
2014 - Lewis Hamilton (Mercedes-GP)
2013 - Nico Rosberg (Mercedes-GP)
2012 - Mark Webber (Red Bull Racing)
2011 - Fernando Alonso (Ferrari)
2010 - Mark Webber (Red Bull Racing)
2009 - Sebastian Vettel (Red Bull Racing)
2008 - Lewis Hamilton (McLaren)
2007 - Kimi Raikkonen (Ferrari)

Europe’s rearming plan
  • Suspend strict budget rules to allow member countries to step up defence spending
  • Create new "instrument" providing €150 billion of loans to member countries for defence investment
  • Use the existing EU budget to direct more funds towards defence-related investment
  • Engage the bloc's European Investment Bank to drop limits on lending to defence firms
  • Create a savings and investments union to help companies access capital
2025 Fifa Club World Cup groups

Group A: Palmeiras, Porto, Al Ahly, Inter Miami.

Group B: Paris Saint-Germain, Atletico Madrid, Botafogo, Seattle.

Group C: Bayern Munich, Auckland City, Boca Juniors, Benfica.

Group D: Flamengo, ES Tunis, Chelsea, Leon.

Group E: River Plate, Urawa, Monterrey, Inter Milan.

Group F: Fluminense, Borussia Dortmund, Ulsan, Mamelodi Sundowns.

Group G: Manchester City, Wydad, Al Ain, Juventus.

Group H: Real Madrid, Al Hilal, Pachuca, Salzburg.

Empire of Enchantment: The Story of Indian Magic

John Zubrzycki, Hurst Publishers

Monster

Directed by: Anthony Mandler

Starring: Kelvin Harrison Jr., John David Washington 

3/5

 

The years Ramadan fell in May

1987

1954

1921

1888

F1 drivers' standings

1. Lewis Hamilton, Mercedes 281

2. Sebastian Vettel, Ferrari 247

3. Valtteri Bottas, Mercedes 222

4. Daniel Ricciardo, Red Bull 177

5. Kimi Raikkonen, Ferrari 138

6. Max Verstappen, Red Bull 93

7. Sergio Perez, Force India 86

8. Esteban Ocon, Force India 56

BUNDESLIGA FIXTURES

Friday (UAE kick-off times)

Cologne v Hoffenheim (11.30pm)

Saturday

Hertha Berlin v RB Leipzig (6.30pm)

Schalke v Fortuna Dusseldof (6.30pm)

Mainz v Union Berlin (6.30pm)

Paderborn v Augsburg (6.30pm)

Bayern Munich v Borussia Dortmund (9.30pm)

Sunday

Borussia Monchengladbach v Werder Bremen (4.30pm)

Wolfsburg v Bayer Leverkusen (6.30pm)

SC Freiburg v Eintracht Frankfurt (9on)

RESULT

Bournemouth 0 Southampton 3 (Djenepo (37', Redmond 45' 1, 59')

Man of the match Nathan Redmond (Southampton)

Normal People

Sally Rooney, Faber & Faber
 

Our family matters legal consultant

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.