SANTA CLARA, Calif. // Philip Rivers looked at the 21-point deficit on the scoreboard at halftime and even he wondered whether the San Diego Chargers had it in them to come back. The season depended on it, so Rivers took charge.
He prevailed through a balky back and a sore chest to keep San Diego’s slim playoff chances alive, rallying his team to tie it in the final minute and setting up Nick Novak’s 40-yard field goal nearly 5 minutes into overtime in a 38-35 victory over the San Francisco 49ers on Saturday night.
“Obviously, an unbelievable finish,” coach Mike McCoy said. “We had about as bad a first half as we could possibly play. ...You saw a lot of emotion on the sideline throughout that second half – the excitement, the energy, the way we play football.”
Rivers found playmakers in Antonio Gates and Eddie Royal when two of San Diego’s offensive stars were down with injuries.
Read more: Ryan Lindley gets chance to spread his wings again with Arizona Cardinals
He completed his fourth touchdown pass of the day with a tying 11-yard TD pass to Malcom Floyd with 29 seconds left in regulation after completing a pair of fourth-and-longs as the Chargers (9-6) forced overtime.
Phil Dawson’s 60-yard field goal attempt for San Francisco as regulation ended fell way short. Quinton Patton then fumbled in overtime to set up San Diego’s winning drive.
“What a comeback. It’s one of the greatest I’ve been a part of, and it keeps us alive,” Novak said. “To kick the game-winner, do-or-die kick ... loved being in that moment.”
On a night nearly everything clicked for the home team until the waning moments, Rivers made plays without wide receiver Keenan Allen and running back Ryan Mathews.
He shined with the season on the line. The Chargers came in needing to win out and get some help after beginning the week tied with Kansas City and Buffalo, one game out of the final wild-card berth. San Diego ends the season at Kansas City next Sunday.
Rivers converted fourth-and-8 and fourth-and-10 on the key final San Diego drive of the fourth quarter.
“We just got going and fell into a rhythm,” Rivers said. “At halftime, we didn’t know if we could come all the way back, but we were going to fight. That’s who we are.”
Eagles stumble against Redskins in their play-off pursuit
The Philadelphia Eagles are on the brink of elimination from the playoff race after a 27-24 loss to the Washington Redskins on Saturday night.
Kai Forbath kicked 26-yard field goal with 5 seconds left to snap the Redskins’ six-game losing streak. The Eagles lost their third in a row to fall to 9-6. They need the Dallas Cowboys to lose their final two games to have a shot at repeating as NFC East champs.
The Redskins improved to 4-11. Robert Griffin III returned as the Washington starter and won in his first complete game in more than a year. He went 16 for 23 for 220 yards with one interception.
Mark Sanchez committed two turnovers for the Eagles, including Washington rookie cornerback Bashaud Breeland’s interception with 1:31 left that led to the winning field goal. Sanchez was 37 of 50 for 374 yards with two touchdowns to Riley Cooper.
The Eagles (9-6) will now focus their energies on rooting for the Indianapolis Colts to beat the Cowboys (10-4) on Sunday. Philadelphia then would need to beat the New York Giants on the road next week, then hope that Dallas loses to the Redskins. That would create a 10-6 tie atop the NFC East, with the Eagles claiming first place because they hold the tiebreaker based on a better division record.
Philadelphia’s loss clinched a playoff berth for the Detroit Lions. The Eagles were eliminated from the wild-card race.
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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.”
About Krews
Founder: Ahmed Al Qubaisi
Based: Abu Dhabi
Founded: January 2019
Number of employees: 10
Sector: Technology/Social media
Funding to date: Estimated $300,000 from Hub71 in-kind support
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Milestones on the road to union
1970
October 26: Bahrain withdraws from a proposal to create a federation of nine with the seven Trucial States and Qatar.
December: Ahmed Al Suwaidi visits New York to discuss potential UN membership.
1971
March 1: Alex Douglas Hume, Conservative foreign secretary confirms that Britain will leave the Gulf and “strongly supports” the creation of a Union of Arab Emirates.
July 12: Historic meeting at which Sheikh Zayed and Sheikh Rashid make a binding agreement to create what will become the UAE.
July 18: It is announced that the UAE will be formed from six emirates, with a proposed constitution signed. RAK is not yet part of the agreement.
August 6: The fifth anniversary of Sheikh Zayed becoming Ruler of Abu Dhabi, with official celebrations deferred until later in the year.
August 15: Bahrain becomes independent.
September 3: Qatar becomes independent.
November 23-25: Meeting with Sheikh Zayed and Sheikh Rashid and senior British officials to fix December 2 as date of creation of the UAE.
November 29: At 5.30pm Iranian forces seize the Greater and Lesser Tunbs by force.
November 30: Despite a power sharing agreement, Tehran takes full control of Abu Musa.
November 31: UK officials visit all six participating Emirates to formally end the Trucial States treaties
December 2: 11am, Dubai. New Supreme Council formally elects Sheikh Zayed as President. Treaty of Friendship signed with the UK. 11.30am. Flag raising ceremony at Union House and Al Manhal Palace in Abu Dhabi witnessed by Sheikh Khalifa, then Crown Prince of Abu Dhabi.
December 6: Arab League formally admits the UAE. The first British Ambassador presents his credentials to Sheikh Zayed.
December 9: UAE joins the United Nations.
At a glance
Global events: Much of the UK’s economic woes were blamed on “increased global uncertainty”, which can be interpreted as the economic impact of the Ukraine war and the uncertainty over Donald Trump’s tariffs.
Growth forecasts: Cut for 2025 from 2 per cent to 1 per cent. The OBR watchdog also estimated inflation will average 3.2 per cent this year
Welfare: Universal credit health element cut by 50 per cent and frozen for new claimants, building on cuts to the disability and incapacity bill set out earlier this month
Spending cuts: Overall day-to day-spending across government cut by £6.1bn in 2029-30
Tax evasion: Steps to crack down on tax evasion to raise “£6.5bn per year” for the public purse
Defence: New high-tech weaponry, upgrading HM Naval Base in Portsmouth
Housing: Housebuilding to reach its highest in 40 years, with planning reforms helping generate an extra £3.4bn for public finances
The rules on fostering in the UAE
A foster couple or family must:
- be Muslim, Emirati and be residing in the UAE
- not be younger than 25 years-of-age
- not have been convicted of offences or crimes involving moral turpitude
- be free of infectious diseases or psychological and mental disorders
- have the ability to support its members and the foster child financially
- undertake to treat and raise the child in a proper manner and take care of his/her health and well-being
- A single, divorced or widowed Muslim Emirati female, residing in the UAE may apply to foster a child if she is at least 30-years-old and able to support the child financially
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Monday's results
- UAE beat Bahrain by 51 runs
- Qatar beat Maldives by 44 runs
- Saudi Arabia beat Kuwait by seven wickets
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UAE currency: the story behind the money in your pockets
In numbers: PKK’s money network in Europe
Germany: PKK collectors typically bring in $18 million in cash a year – amount has trebled since 2010
Revolutionary tax: Investigators say about $2 million a year raised from ‘tax collection’ around Marseille
Extortion: Gunman convicted in 2023 of demanding $10,000 from Kurdish businessman in Stockholm
Drug trade: PKK income claimed by Turkish anti-drugs force in 2024 to be as high as $500 million a year
Denmark: PKK one of two terrorist groups along with Iranian separatists ASMLA to raise “two-digit million amounts”
Contributions: Hundreds of euros expected from typical Kurdish families and thousands from business owners
TV channel: Kurdish Roj TV accounts frozen and went bankrupt after Denmark fined it more than $1 million over PKK links in 2013
