Novak Djokovic in full song after beating Fernando Verdasco in the third round of the Australian Open. Lee Jin-man/AP
Novak Djokovic in full song after beating Fernando Verdasco in the third round of the Australian Open. Lee Jin-man/AP

Australian Open round-up: Novak Djokovic and Williams sisters advance to last-16



Novak Djokovic fine-tuned his voice and his game at the Australian Open on Saturday, advancing to the fourth round with a straight-sets win over Fernando Verdasco and then urging the crowd of 15,000 to sing Happy Birthday to his mother back home.

After his 7-6 (8), 6-3, 6-4 win, the four-time Australian champion had a lengthy on-court interview with Jim Courier discussing a range of topics including his childhood memories of tennis, when “I was constructing little trophies out of plastic and pretending I was a Wimbledon champion.”

The flashback jogged his memory. It was Jan. 24, his mother Dijana’s birthday.

“It’s my mom’s birthday, can you sing happy birthday?” he asked the crowd. He sang the whole song live on camera and strolled off court with a wave.

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The Williams sisters had their own celebration of sorts, progressing together to the fourth round of a Grand Slam tournament for the first time since Wimbledon in 2011.

The sisters were playing on adjoining courts.

When 18-time Grand Slam champion Serena noticed that older sister Venus was advancing to the second week, it inspired her own 4-6, 6-2, 6-0 win over No. 26-ranked Elina Svitolina.

When top-ranked Serena walked onto Rod Laver Arena, Venus was already down a set and a break on Margaret Court Arena. Venus, who was diagnosed with an auto-immune condition called Sjogren’s syndrome in 2011 and has struggled at the highest level ever since, rallied for a 4-6, 7-6 (3), 6-1 win over Camila Giorgi, and that inspired her younger sister.

“I thought, `Wow, she’s been through so much with her illness, with everything that she’s had to do. Gosh, if she can do it, I’m perfectly healthy, I’m fine. I should be able to do it, too,” the five-time Australian Open champion said. “It just got me so motivated, really helped me push through those next two sets at a rapid rate.”

She’ll have to be at the top of her game in the next round she meets No. 24 Garbine Muguruza, who beat her in the second round at the French Open last year. Muguruza defeated Timea Bacsinszky 6-3, 4-6, 6-0.

Azarenka marches on

In the other fourth-round match in that quarter, two-time champion Victoria Azarenka will meet 2014 finalist Dominika Cibulkova.

Azarenka, the winner here in 2012 and 2013 but who is unseeded this year because of an injury-interrupted 2014, had a 6-4, 6-4 win over No. 25 Barbora Zahlavova Strycova. Cibulkova beat No. 19 Alize Cornet 7-5, 6-2.

On the men’s side, defending champion Stan Wawrinka cruised to his third straight-sets victory with service breaks to clinch all three sets on his way to a 6-4, 6-2, 6-4 win over Jarkko Nieminen. He’ll have a score to settle in the next round against Guillermo Garcia-Lopez, who had a 6-2, 6-4, 6-4 win over Vasek Pospisil.

Wawrinka lost to Garcia-Lopez in the first round of the French Open last year, making him the first first-time major winner in 12 years to lose in the first round of his next Grand Slam event.

Eighth-seeded Milos Raonic reached the fourth round at a fourth consecutive Grand Slam tournament, firing 22 aces in a 6-4, 6-3, 6-3 win over Benjamin Becker of Germany. He will next play No. 12 Feliciano Lopez, who had a 7-6 (6), 6-4, 7-6 (3) win over Jerzy Janowicz.

Two American men lost night matches, with No. 5 Kei Nishikori, the U.S. Open finalist, beating Steve Johnson 6-7 (7), 6-1, 6-2, 6-3 and Gilles Muller defeating No. 19 John Isner 7-6 (4), 7-6 (6), 6-4. Muller will next meet Djokovic.

Sibling rivalry

Venus Williams couldn’t contain her delight after her win, beaming a smile as she turned to wave to all sides of the stadium. She said the sibling relationship, and rivalry, helped both of the Williams sisters.

“I’ve been motivated by Serena though since day one. The way she faces her life, the way she is fearless on the court,” Venus Williams said. “We’ve had the fortunate relationship to be able to motivate each other and grow from each other.”

The 34-year-old, seven-time major winner next faces sixth-seeded Agnieszka Radwanska, a semifinalist here last year and Wimbledon finalist in 2012, who advanced with a 6-0, 7-5 win over Varvara Lepchenko. In an all-American third-rounder, Madison Brengle beat Coco Vandeweghe 6-3, 6-2.

Williams was as close as two points from defeat in the second set, and Giorgi also had a chance to serve for the match but couldn’t hold.

“I like to win titles ... that’s what I play for,” she said. “So, yes, it’s great to be in the second week but is fourth round my goal when I come to these tournaments? No.”

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A State of Passion

Directors: Carol Mansour and Muna Khalidi

Stars: Dr Ghassan Abu-Sittah

Rating: 4/5

The Sand Castle

Director: Matty Brown

Stars: Nadine Labaki, Ziad Bakri, Zain Al Rafeea, Riman Al Rafeea

Rating: 2.5/5

COMPANY PROFILE
Name: Almnssa
Started: August 2020
Founder: Areej Selmi
Based: Gaza
Sectors: Internet, e-commerce
Investments: Grants/private funding
WHAT%20MACRO%20FACTORS%20ARE%20IMPACTING%20META%20TECH%20MARKETS%3F
%3Cp%3E%E2%80%A2%20Looming%20global%20slowdown%20and%20recession%20in%20key%20economies%3C%2Fp%3E%0A%3Cp%3E%E2%80%A2%20Russia-Ukraine%20war%3C%2Fp%3E%0A%3Cp%3E%E2%80%A2%20Interest%20rate%20hikes%20and%20the%20rising%20cost%20of%20debt%20servicing%3C%2Fp%3E%0A%3Cp%3E%E2%80%A2%20Oil%20price%20volatility%3C%2Fp%3E%0A%3Cp%3E%E2%80%A2%20Persisting%20inflationary%20pressures%3C%2Fp%3E%0A%3Cp%3E%E2%80%A2%20Exchange%20rate%20fluctuations%3C%2Fp%3E%0A%3Cp%3E%E2%80%A2%20Shortage%20of%20labour%2Fskills%3C%2Fp%3E%0A%3Cp%3E%E2%80%A2%20A%20resurgence%20of%20Covid%3F%3C%2Fp%3E%0A

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.”

First-round leaderbaord

-5 C Conners (Can)

-3 B Koepka (US), K Bradley (US), V Hovland (Nor), A Wise (US), S Horsfield (Eng), C Davis (Aus);

-2 C Morikawa (US), M Laird (Sco), C Tringale (US)

Selected others: -1 P Casey (Eng), R Fowler (US), T Hatton (Eng)

Level B DeChambeau (US), J Rose (Eng) 

1 L Westwood (Eng), J Spieth (US)

3 R McIlroy (NI)

4 D Johnson (US)

Day 4, Abu Dhabi Test: At a glance

Moment of the day Not much was expected – on Sunday or ever – of Hasan Ali as a batsman. And yet he lit up the late overs of the Pakistan innings with a happy cameo of 29 from 25 balls. The highlight was when he launched a six right on top of the netting above the Pakistan players’ viewing area. He was out next ball.

Stat of the day – 1,358 There were 1,358 days between Haris Sohail’s previous first-class match and his Test debut for Pakistan. The lack of practice in the multi-day format did not show, though, as the left-hander made an assured half-century to guide his side through a potentially damaging collapse.

The verdict As is the fashion of Test matches in this country, the draw feels like a dead-cert, before a clatter of wickets on the fourth afternoon puts either side on red alert. With Yasir Shah finding prodigious turn now, Pakistan will be confident of bowling Sri Lanka out. Whether they have enough time to do so and chase the runs required remains to be seen.

The%20specs
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UAE Rugby finals day

Games being played at The Sevens, Dubai

2pm, UAE Conference final

Dubai Tigers v Al Ain Amblers

4pm, UAE Premiership final

Abu Dhabi Harlequins v Jebel Ali Dragons

Formula Middle East Calendar (Formula Regional and Formula 4)
Round 1: January 17-19, Yas Marina Circuit – Abu Dhabi
 
Round 2: January 22-23, Yas Marina Circuit – Abu Dhabi
 
Round 3: February 7-9, Dubai Autodrome – Dubai
 
Round 4: February 14-16, Yas Marina Circuit – Abu Dhabi
 
Round 5: February 25-27, Jeddah Corniche Circuit – Saudi Arabia

Electoral College Victory

Trump has so far secured 295 Electoral College votes, according to the Associated Press, exceeding the 270 needed to win. Only Nevada and Arizona remain to be called, and both swing states are leaning Republican. Trump swept all five remaining swing states, North Carolina, Georgia, Pennsylvania, Michigan and Wisconsin, sealing his path to victory and giving him a strong mandate. 

 

Popular Vote Tally

The count is ongoing, but Trump currently leads with nearly 51 per cent of the popular vote to Harris’s 47.6 per cent. Trump has over 72.2 million votes, while Harris trails with approximately 67.4 million.

The Brutalist

Director: Brady Corbet

Stars: Adrien Brody, Felicity Jones, Guy Pearce, Joe Alwyn

Rating: 3.5/5

Banned items
Dubai Police has also issued a list of banned items at the ground on Sunday. These include:
  • Drones
  • Animals
  • Fireworks/ flares
  • Radios or power banks
  • Laser pointers
  • Glass
  • Selfie sticks/ umbrellas
  • Sharp objects
  • Political flags or banners
  • Bikes, skateboards or scooters
Start-up hopes to end Japan's love affair with cash

Across most of Asia, people pay for taxi rides, restaurant meals and merchandise with smartphone-readable barcodes — except in Japan, where cash still rules. Now, as the country’s biggest web companies race to dominate the payments market, one Tokyo-based startup says it has a fighting chance to win with its QR app.

Origami had a head start when it introduced a QR-code payment service in late 2015 and has since signed up fast-food chain KFC, Tokyo’s largest cab company Nihon Kotsu and convenience store operator Lawson. The company raised $66 million in September to expand nationwide and plans to more than double its staff of about 100 employees, says founder Yoshiki Yasui.

Origami is betting that stores, which until now relied on direct mail and email newsletters, will pay for the ability to reach customers on their smartphones. For example, a hair salon using Origami’s payment app would be able to send a message to past customers with a coupon for their next haircut.

Quick Response codes, the dotted squares that can be read by smartphone cameras, were invented in the 1990s by a unit of Toyota Motor to track automotive parts. But when the Japanese pioneered digital payments almost two decades ago with contactless cards for train fares, they chose the so-called near-field communications technology. The high cost of rolling out NFC payments, convenient ATMs and a culture where lost wallets are often returned have all been cited as reasons why cash remains king in the archipelago. In China, however, QR codes dominate.

Cashless payments, which includes credit cards, accounted for just 20 per cent of total consumer spending in Japan during 2016, compared with 60 per cent in China and 89 per cent in South Korea, according to a report by the Bank of Japan.