Dmitry Butakov of band Galasy ZMesta says he does not agree with Eurovision's decision to disqualify Belarus from the competition. Reuters
Dmitry Butakov of band Galasy ZMesta says he does not agree with Eurovision's decision to disqualify Belarus from the competition. Reuters
Dmitry Butakov of band Galasy ZMesta says he does not agree with Eurovision's decision to disqualify Belarus from the competition. Reuters
Dmitry Butakov of band Galasy ZMesta says he does not agree with Eurovision's decision to disqualify Belarus from the competition. Reuters

Eurovision 2021: Belarus banned from contest due to song's 'political' lyrics


Emma Day
  • English
  • Arabic

Belarus has been disqualified from this year's Eurovision Song Contest as its politically fuelled entry was judged to have broken competition rules.

Event organisers asked the eastern European country to submit a new or updated song two weeks ago over concerns the proposed track, by Galasy ZMesta, contravened the contest's "non-political nature".

However, the modified version of Ya Nauchu Tebya (I'll Teach You) was also deemed to breach rules.

"The European Broadcasting Union and the Reference Group, the contest's governing board, carefully scrutinised the new entry to assess its eligibility to compete," said a statement from organisers.

"It was concluded that the new submission was also in breach of the rules of the competition that ensure the contest is not instrumentalised or brought into disrepute."

Belarus has "regrettably" been withdrawn from May's show in Rotterdam, they added.

Galasy ZMesta is known for mocking anti-government protests against President Alexander Lukashenko.

Featuring lyrics such as "I will teach you to toe the line", Ya Nauchu Tebya had sparked backlash from opposition figures.

Galasy ZMesta's song had received 5,800 likes and more than 40,000 dislikes on the competition's official YouTube page since Tuesday, with more than half a million views. It has now been taken down from the site.

The band's frontman, Dmitry Butakov, denied the song breached the competition's rules.

"It is not news for me at all. It was expected, understandable," Butakov told Reuters. "I think our song is compliant. It's them who think it is not."

Belarus witnessed large protests last year over the disputed re-election of leader Lukashenko, who has been in power for 27 years.

Lukashenko himself even weighed in on the row, saying: "They are starting to press us on all fronts. Even at Eurovision, I see. We'll make another song. You see that this is all politicised."

The Eurovision Song Content, which was cancelled last year amid the pandemic, returns to the Netherlands from Wednesday, May 18 to Sunday, May 22. Organisers have assured competitors that measures are in place to ensure the show goes on this year, albeit in limited scale.

- Additional reporting by Reuters

How the UAE gratuity payment is calculated now

Employees leaving an organisation are entitled to an end-of-service gratuity after completing at least one year of service.

The tenure is calculated on the number of days worked and does not include lengthy leave periods, such as a sabbatical. If you have worked for a company between one and five years, you are paid 21 days of pay based on your final basic salary. After five years, however, you are entitled to 30 days of pay. The total lump sum you receive is based on the duration of your employment.

1. For those who have worked between one and five years, on a basic salary of Dh10,000 (calculation based on 30 days):

a. Dh10,000 ÷ 30 = Dh333.33. Your daily wage is Dh333.33

b. Dh333.33 x 21 = Dh7,000. So 21 days salary equates to Dh7,000 in gratuity entitlement for each year of service. Multiply this figure for every year of service up to five years.

2. For those who have worked more than five years

c. 333.33 x 30 = Dh10,000. So 30 days’ salary is Dh10,000 in gratuity entitlement for each year of service.

Note: The maximum figure cannot exceed two years total salary figure.

How Tesla’s price correction has hit fund managers

Investing in disruptive technology can be a bumpy ride, as investors in Tesla were reminded on Friday, when its stock dropped 7.5 per cent in early trading to $575.

It recovered slightly but still ended the week 15 per cent lower and is down a third from its all-time high of $883 on January 26. The electric car maker’s market cap fell from $834 billion to about $567bn in that time, a drop of an astonishing $267bn, and a blow for those who bought Tesla stock late.

The collapse also hit fund managers that have gone big on Tesla, notably the UK-based Scottish Mortgage Investment Trust and Cathie Wood’s ARK Innovation ETF.

Tesla is the top holding in both funds, making up a hefty 10 per cent of total assets under management. Both funds have fallen by a quarter in the past month.

Matt Weller, global head of market research at GAIN Capital, recently warned that Tesla founder Elon Musk had “flown a bit too close to the sun”, after getting carried away by investing $1.5bn of the company’s money in Bitcoin.

He also predicted Tesla’s sales could struggle as traditional auto manufacturers ramp up electric car production, destroying its first mover advantage.

AJ Bell’s Russ Mould warns that many investors buy tech stocks when earnings forecasts are rising, almost regardless of valuation. “When it works, it really works. But when it goes wrong, elevated valuations leave little or no downside protection.”

A Tesla correction was probably baked in after last year’s astonishing share price surge, and many investors will see this as an opportunity to load up at a reduced price.

Dramatic swings are to be expected when investing in disruptive technology, as Ms Wood at ARK makes clear.

Every week, she sends subscribers a commentary listing “stocks in our strategies that have appreciated or dropped more than 15 per cent in a day” during the week.

Her latest commentary, issued on Friday, showed seven stocks displaying extreme volatility, led by ExOne, a leader in binder jetting 3D printing technology. It jumped 24 per cent, boosted by news that fellow 3D printing specialist Stratasys had beaten fourth-quarter revenues and earnings expectations, seen as good news for the sector.

By contrast, computational drug and material discovery company Schrödinger fell 27 per cent after quarterly and full-year results showed its core software sales and drug development pipeline slowing.

Despite that setback, Ms Wood remains positive, arguing that its “medicinal chemistry platform offers a powerful and unique view into chemical space”.

In her weekly video view, she remains bullish, stating that: “We are on the right side of change, and disruptive innovation is going to deliver exponential growth trajectories for many of our companies, in fact, most of them.”

Ms Wood remains committed to Tesla as she expects global electric car sales to compound at an average annual rate of 82 per cent for the next five years.

She said these are so “enormous that some people find them unbelievable”, and argues that this scepticism, especially among institutional investors, “festers” and creates a great opportunity for ARK.

Only you can decide whether you are a believer or a festering sceptic. If it’s the former, then buckle up.

Ordinary Virtues: Moral Order in a Divided World by Michael Ignatieff
Harvard University Press

Points tally

1. Australia 52; 2. New Zealand 44; 3. South Africa 36; 4. Sri Lanka 35; 5. UAE 27; 6. India 27; 7. England 26; 8. Singapore 8; 9. Malaysia 3

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UAE currency: the story behind the money in your pockets
Indoor Cricket World Cup Dubai 2017

Venue Insportz, Dubai; Admission Free

Fixtures - Open Men 2pm: India v New Zealand, Malaysia v UAE, Singapore v South Africa, Sri Lanka v England; 8pm: Australia v Singapore, India v Sri Lanka, England v Malaysia, New Zealand v South Africa

Fixtures - Open Women Noon: New Zealand v England, UAE v Australia; 6pm: England v South Africa, New Zealand v Australia

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FROM%20THE%20ASHES
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'Moonshot'

Director: Chris Winterbauer

Stars: Lana Condor and Cole Sprouse 

Rating: 3/5

'Midnights'
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The specs

Engine: 3.8-litre twin-turbo V8

Power: 611bhp

Torque: 620Nm

Transmission: seven-speed automatic

Price: upon application

On sale: now

Director: Laxman Utekar

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

Rating: 1/5

Ant-Man%20and%20the%20Wasp%3A%20Quantumania
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