• A group of friends who live in New York City celebrate after former Vice President Joe Biden was declared the winner of the 2020 U.S. presidential election as they ride down Fifth Avenue in a rented open top double decker bus in Manhattan, New York City, U.S. Reuters
    A group of friends who live in New York City celebrate after former Vice President Joe Biden was declared the winner of the 2020 U.S. presidential election as they ride down Fifth Avenue in a rented open top double decker bus in Manhattan, New York City, U.S. Reuters
  • Protesters rally outside the State Capitol building after Joe Biden was declared the winner of the 2020 US presidential election, in Lansing, Michigan. Reuters
    Protesters rally outside the State Capitol building after Joe Biden was declared the winner of the 2020 US presidential election, in Lansing, Michigan. Reuters
  • The US Capitol is seen the day after a presidential election victory was called for Joe Biden, in Washington. Reuters
    The US Capitol is seen the day after a presidential election victory was called for Joe Biden, in Washington. Reuters
  • Supporters of the US president who still refuse to recognize Joe Biden's victory, including local Republican Candidate Doug McLinko (L) and Eamon Daley, 28, (2nd R), kneel as they pray outside Jones Diner in Towanda, Pennsylvania on November 8, 2020. They won't believe it "until the results are certified". AFP
    Supporters of the US president who still refuse to recognize Joe Biden's victory, including local Republican Candidate Doug McLinko (L) and Eamon Daley, 28, (2nd R), kneel as they pray outside Jones Diner in Towanda, Pennsylvania on November 8, 2020. They won't believe it "until the results are certified". AFP
  • Supporters of US President Donald Trump rally outside the State Capitol building after Joe Biden was declared the winner of the 2020 presidential election, in Lansing, Michigan. Reuters
    Supporters of US President Donald Trump rally outside the State Capitol building after Joe Biden was declared the winner of the 2020 presidential election, in Lansing, Michigan. Reuters
  • President-elect Joe Biden and his daughter Ashley Biden leave after visiting their family grave at St. Joseph on the Brandywine Roman Catholic Church in Wilmington, Delaware. AFP
    President-elect Joe Biden and his daughter Ashley Biden leave after visiting their family grave at St. Joseph on the Brandywine Roman Catholic Church in Wilmington, Delaware. AFP
  • Former New York Mayor Rudy Giuliani addresses the media with the Trump legal team, at the Four Seasons Landscaping company in Philadelphia. Reuters
    Former New York Mayor Rudy Giuliani addresses the media with the Trump legal team, at the Four Seasons Landscaping company in Philadelphia. Reuters
  • Two friends take pictures as they gather at the Lincoln Memorial at sunrise, the morning after incumbent President Donald Trump was defeated. AP
    Two friends take pictures as they gather at the Lincoln Memorial at sunrise, the morning after incumbent President Donald Trump was defeated. AP
  • President-elect Joe Biden arrives at St. Joseph on the Brandywine Roman Catholic Church in Wilmington, Delaware. AFP
    President-elect Joe Biden arrives at St. Joseph on the Brandywine Roman Catholic Church in Wilmington, Delaware. AFP
  • Supporters of President-elect Joe Biden face off over barriers against supporters of President Donald Trump protesting outside the Pennsylvania Convention Center in Philadelphia, Sunday, Nov. 8, 2020, a day after the 2020 election was called for Democrat Biden. (AP Photo/Rebecca Blackwell)
    Supporters of President-elect Joe Biden face off over barriers against supporters of President Donald Trump protesting outside the Pennsylvania Convention Center in Philadelphia, Sunday, Nov. 8, 2020, a day after the 2020 election was called for Democrat Biden. (AP Photo/Rebecca Blackwell)
  • News of Joe Biden's victory in US elections is aired on a digital screen in Dubai Stock Exchange in Dubai, UAE. Reuters
    News of Joe Biden's victory in US elections is aired on a digital screen in Dubai Stock Exchange in Dubai, UAE. Reuters
  • Posters displaying election results hang on the fence outside of St. John's Church near the White House. Reuters
    Posters displaying election results hang on the fence outside of St. John's Church near the White House. Reuters
  • Jordan Johnson poses with a Biden flag outside the White House, in Washington. Reuters
    Jordan Johnson poses with a Biden flag outside the White House, in Washington. Reuters
  • US President-elect Joe Biden arrives with his family for a church service in Wilmington, Delaware. Reuters
    US President-elect Joe Biden arrives with his family for a church service in Wilmington, Delaware. Reuters
  • US President Donald Trump departs the White House, in Washington. EPA
    US President Donald Trump departs the White House, in Washington. EPA
  • The White House in Washington the morning after incumbent President Donald Trump was defeated by his Democratic challenger, President-elect Joe Biden AP
    The White House in Washington the morning after incumbent President Donald Trump was defeated by his Democratic challenger, President-elect Joe Biden AP
  • In this image made through the window of the press vehicle accompanying the motorcade carrying President Donald Trump, people hold signs at the entrance of Trump National Golf Club. AP
    In this image made through the window of the press vehicle accompanying the motorcade carrying President Donald Trump, people hold signs at the entrance of Trump National Golf Club. AP
  • People gather on the steps of the Lincoln Memorial to watch the sunrise the day after incumbent President Donald Trump was defeated by his Democratic challenger, President-elect Joe Biden. AP
    People gather on the steps of the Lincoln Memorial to watch the sunrise the day after incumbent President Donald Trump was defeated by his Democratic challenger, President-elect Joe Biden. AP
  • Birds fly over the White House at dusk, the day after a presidential election victory was called for former Vice President Joe Biden, in Washington. Reuters
    Birds fly over the White House at dusk, the day after a presidential election victory was called for former Vice President Joe Biden, in Washington. Reuters

Twitter will fact-check Trump like anyone else after January 20


  • English
  • Arabic

US President Donald Trump will be subject to the same Twitter rules as any other user when president-elect Joe Biden takes office on January 20, the social media company has confirmed.

Twitter places “public interest” notices on some rule-breaking tweets from world leaders that would otherwise be removed. Such tweets from political candidates and elected or government officials are instead hidden by a warning and Twitter takes action to restrict their reach.

Twitter flagged tweets from President Donald Trump that alleged voter fraud as potentially misleading. AFP
Twitter flagged tweets from President Donald Trump that alleged voter fraud as potentially misleading. AFP

But the company said this rule does not apply to former heads of state or prime ministers.

“This policy framework applies to current world leaders and candidates for office, and not private citizens when they no longer hold these positions,” a Twitter spokesman said.

It has added warnings and labels to tweets from the @realDonaldTrump account, including many since Tuesday’s election that made unfounded allegations of voting fraud.

It first hid one of his tweets behind a “public interest” label in May when the president contravened the company’s policy against glorifying violence.

Under Facebook Inc’s policies, it appears that after Mr Biden takes office in January, Mr Trump’s posts will also lose their exemption from review by the site’s third-party fact-checking partners.

Facebook’s online policy says it defines politicians, whose posts are exempt from fact-checking, as candidates running for office, current office-holders and many of their Cabinet appointees, along with political parties and their leaders.

It says: “Former candidates for office or former officials continue to be covered by our third-party fact-checking programme.”

Facebook did not reply to questions about how it would treat Trump’s account.

Mr Biden’s victory on Saturday in Pennsylvania put the Democratic presidential candidate over the threshold of 270 Electoral College votes needed to clinch the presidency. Republican Mr Trump has not conceded and has vowed to challenge the outcome in court.

Everton%20Fixtures
%3Cp%3EApril%2015%20-%20Chelsea%20(A)%3Cbr%3EApril%2021%20-%20N.%20Forest%20(H)%3Cbr%3EApril%2024%20-%20Liverpool%20(H)%3Cbr%3EApril%2027%20-%20Brentford%20(H)%3Cbr%3EMay%203%20-%20Luton%20Town%20(A)%3Cbr%3EMay%2011%20-%20Sheff%20Utd%20(H)%3Cbr%3EMay%2019%20-%20Arsenal%20(A)%3C%2Fp%3E%0A
Profile

Company: Justmop.com

Date started: December 2015

Founders: Kerem Kuyucu and Cagatay Ozcan

Sector: Technology and home services

Based: Jumeirah Lake Towers, Dubai

Size: 55 employees and 100,000 cleaning requests a month

Funding:  The company’s investors include Collective Spark, Faith Capital Holding, Oak Capital, VentureFriends, and 500 Startups. 

UAE currency: the story behind the money in your pockets
Company profile

Company name: Suraasa

Started: 2018

Founders: Rishabh Khanna, Ankit Khanna and Sahil Makker

Based: India, UAE and the UK

Industry: EdTech

Initial investment: More than $200,000 in seed funding

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.”

Captain Marvel

Director: Anna Boden, Ryan Fleck

Starring: Brie Larson, Samuel L Jackson, Jude Law,  Ben Mendelsohn

4/5 stars