Amitabh Bachchan. Reem Mohammed / The National
Amitabh Bachchan. Reem Mohammed / The National

I’m healthy and blessed, Big B tells fans



Bollywood megastar ­Amitabh Bachchan, who sparked concern when he talked on his blog about ­feeling pain, has reassured fans that he is in good health. The media-savvy Bachchan always makes a point of keeping in touch with his fans – or his "extended family" as he calls them – on social media, sharing the latest news from his personal and professional lives. Fans feared that Bachchan's post about pain was a cryptic message hinting at deteriorating health. But he later wrote on srbachchan.tumblr.com: "My observations on pain the other day were a general comment. It was not in any way connected with anything to do with my condition." The love from his fans made him feel "blessed", he said. "The concern from all ... is admirable and I feel blessed that they show their love and affection, but I am well and around and smiling and writing and connecting to all. This is indication enough." – IANS

Star Trek inspires Enterprise-ing executive

A Chinese millionaire and Star Trek fanatic has boldly gone where no man has gone before – by designing his new company ­headquarters in the shape of the USS Enterprise. The office block in the ­eastern city of Fuzhou has the ­emblematic circular ­contours and tubular features of the show's spaceship. It was built by "Trekkie" Liu Dejian, the boss of mobile internet app developer NetDragon Websoft, at a cost of US$160 million (Dh587.7m), People's Daily said. According to a Netdragon insider, the building is called Enterprise. Star Trek began on US TV in 1966. It has spawned four spin-off TV shows and 12 movies, with a 13th expected to film in Dubai this year. – AFP

Daughters claim BB King was poisoned

The aftermath of the death of Blues legend BB King has taken a new twist after two of his children, who have been outspoken about his care in his final days, accused the guitarist's two closest aides of poisoning him. Karen Williams and Patty King allege that family members were prevented from visiting, while King's business manager, LaVerne Toney, and his personal ­assistant, Myron Johnson, hastened their father's death. However, the lawyer for King's estate said the claims were ridiculous and police ­confirmed there was no ­ongoing homicide investigation. Three doctors found that King was appropriately cared-for, and received 24-hour care and monitoring by medical professionals "up until the time that he peacefully passed away in his sleep", lawyer Brent Bryson said on Monday. Toney is named in King's will as executor of an estate that could total tens of millions of dollars. Johnson was at King's bedside when he died on May 14 at home in Las Vegas at the age of 89. No family members were present. "I believe my father was poisoned and that he was administered foreign substances," Patty King and Williams say in legal ­documents. "I believe my father was murdered." An autopsy was performed on Sunday but the results will take up to eight weeks. – AP

Sri Lanka welcomes Cannes success

Sri Lanka's government on Monday hailed the Cannes success of a film that ­highlights the plight of the Tamil minority during the island's civil war, saying ­authorities were working to redress past injustices. Dheepan, a French movie about a former Sri ­Lankan soldier's struggles in a French ghetto after ­fleeing the separatist war, was awarded the Palme d'Or, the Cannes Film Festival's top prize, on Sunday. Sri Lankan government ­spokesman ­Rajitha Senaratne said it could help to draw ­international attention to the new administration's efforts at reconciliation with Tamils in the aftermath of the war, which ended in 2009. "The movie talks about a situation decades ago. It is not the current picture," he said. "We have a new government which is serious about ­reconciliation, ensuring justice and addressing the problems of the minorities. I am glad that the [Tamil] Tigers' use of child soldiers has come to light." The film's star, Anthonythasan Jesuthasan, is a former Tamil Tiger child soldier who escaped and found asylum in France more than two decades ago. He has said his character, Dheepan, is about "50 per cent" auto­biographical. – AFP

Things Heard & Seen

Directed by: Shari Springer Berman, Robert Pulcini

Starring: Amanda Seyfried, James Norton

2/5

Tales of Yusuf Tadros

Adel Esmat (translated by Mandy McClure)

Hoopoe

The specs: 2017 Dodge Ram 1500 Laramie Longhorn

Price, base / as tested: Dhxxx
Engine: 5.7L V8
Transmission: Eight-speed automatic
Power: 395hp @ 5,600rpm
Torque: 556Nm @ 3,950rpm
Fuel economy, combined: 12.7L / 100km

The burning issue

The internal combustion engine is facing a watershed moment – major manufacturer Volvo is to stop producing petroleum-powered vehicles by 2021 and countries in Europe, including the UK, have vowed to ban their sale before 2040. The National takes a look at the story of one of the most successful technologies of the last 100 years and how it has impacted life in the UAE. 

Read part four: an affection for classic cars lives on

Read part three: the age of the electric vehicle begins

Read part two: how climate change drove the race for an alternative 

Key changes

Commission caps

For life insurance products with a savings component, Peter Hodgins of Clyde & Co said different caps apply to the saving and protection elements:

• For the saving component, a cap of 4.5 per cent of the annualised premium per year (which may not exceed 90 per cent of the annualised premium over the policy term). 

• On the protection component, there is a cap  of 10 per cent of the annualised premium per year (which may not exceed 160 per cent of the annualised premium over the policy term).

• Indemnity commission, the amount of commission that can be advanced to a product salesperson, can be 50 per cent of the annualised premium for the first year or 50 per cent of the total commissions on the policy calculated. 

• The remaining commission after deduction of the indemnity commission is paid equally over the premium payment term.

• For pure protection products, which only offer a life insurance component, the maximum commission will be 10 per cent of the annualised premium multiplied by the length of the policy in years.

Disclosure

Customers must now be provided with a full illustration of the product they are buying to ensure they understand the potential returns on savings products as well as the effects of any charges. There is also a “free-look” period of 30 days, where insurers must provide a full refund if the buyer wishes to cancel the policy.

“The illustration should provide for at least two scenarios to illustrate the performance of the product,” said Mr Hodgins. “All illustrations are required to be signed by the customer.”

Another illustration must outline surrender charges to ensure they understand the costs of exiting a fixed-term product early.

Illustrations must also be kept updatedand insurers must provide information on the top five investment funds available annually, including at least five years' performance data.

“This may be segregated based on the risk appetite of the customer (in which case, the top five funds for each segment must be provided),” said Mr Hodgins.

Product providers must also disclose the ratio of protection benefit to savings benefits. If a protection benefit ratio is less than 10 per cent "the product must carry a warning stating that it has limited or no protection benefit" Mr Hodgins added.

Test

Director: S Sashikanth

Cast: Nayanthara, Siddharth, Meera Jasmine, R Madhavan

Star rating: 2/5

MATCH INFO

Manchester City 2 (Mahrez 04', Ake 84')

Leicester City 5 (Vardy 37' pen, 54', 58' pen, Maddison 77', Tielemans 88' pen)

Man of the match: Jamie Vardy (Leicester City)

Company Profile

Company name: NutriCal

Started: 2019

Founder: Soniya Ashar

Based: Dubai

Industry: Food Technology

Initial investment: Self-funded undisclosed amount

Future plan: Looking to raise fresh capital and expand in Saudi Arabia

Total Clients: Over 50

ICC Women's T20 World Cup Asia Qualifier 2025, Thailand

UAE fixtures
May 9, v Malaysia
May 10, v Qatar
May 13, v Malaysia
May 15, v Qatar
May 18 and 19, semi-finals
May 20, final

UAE currency: the story behind the money in your pockets

Top 5 concerns globally:

1. Unemployment

2. Spread of infectious diseases

3. Fiscal crises

4. Cyber attacks

5. Profound social instability

Top 5 concerns in the Mena region

1. Energy price shock

2. Fiscal crises

3. Spread of infectious diseases

4. Unmanageable inflation

5. Cyber attacks

Source: World Economic Foundation

Tips for SMEs to cope
  • Adapt your business model. Make changes that are future-proof to the new normal
  • Make sure you have an online presence
  • Open communication with suppliers, especially if they are international. Look for local suppliers to avoid delivery delays
  • Open communication with customers to see how they are coping and be flexible about extending terms, etc
    Courtesy: Craig Moore, founder and CEO of Beehive, which provides term finance and working capital finance to SMEs. Only SMEs that have been trading for two years are eligible for funding from Beehive.
You may remember …

Robbie Keane (Atletico de Kolkata) The Irish striker is, along with his former Spurs teammate Dimitar Berbatov, the headline figure in this season’s ISL, having joined defending champions ATK. His grand entrance after arrival from Major League Soccer in the US will be delayed by three games, though, due to a knee injury.

Dimitar Berbatov (Kerala Blasters) Word has it that Rene Meulensteen, the Kerala manager, plans to deploy his Bulgarian star in central midfield. The idea of Berbatov as an all-action, box-to-box midfielder, might jar with Spurs and Manchester United supporters, who more likely recall an always-languid, often-lazy striker.

Wes Brown (Kerala Blasters) Revived his playing career last season to help out at Blackburn Rovers, where he was also a coach. Since then, the 23-cap England centre back, who is now 38, has been reunited with the former Manchester United assistant coach Meulensteen, after signing for Kerala.

Andre Bikey (Jamshedpur) The Cameroonian defender is onto the 17th club of a career has taken him to Spain, Portugal, Russia, the UK, Greece, and now India. He is still only 32, so there is plenty of time to add to that tally, too. Scored goals against Liverpool and Chelsea during his time with Reading in England.

Emiliano Alfaro (Pune City) The Uruguayan striker has played for Liverpool – the Montevideo one, rather than the better-known side in England – and Lazio in Italy. He was prolific for a season at Al Wasl in the Arabian Gulf League in 2012/13. He returned for one season with Fujairah, whom he left to join Pune.

The specs: 2018 Maserati GranTurismo/GranCabrio

Price, base Dh485,000 (GranTurismo) and Dh575,000 (GranCabrio)

Engine 4.7L V8

Transmission Six-speed automatic

Power 460hp @ 7,000rpm

Torque 520Nm @ 4,750rpm

Fuel economy, combined 14.3L (GranTurismo) and 14.5L (GranCabrio) / 100km

MATCH INFO

Uefa Champions League semi-final, first leg
Bayern Munich v Real Madrid

When: April 25, 10.45pm kick-off (UAE)
Where: Allianz Arena, Munich
Live: BeIN Sports HD
Second leg: May 1, Santiago Bernabeu, Madrid

BRIEF SCORES

England 353 and 313-8 dec
(B Stokes 112, A Cook 88; M Morkel 3-70, K Rabada 3-85)  
(J Bairstow 63, T Westley 59, J Root 50; K Maharaj 3-50)
South Africa 175 and 252
(T Bavuma 52; T Roland-Jones 5-57, J Anderson 3-25)
(D Elgar 136; M Ali 4-45, T Roland-Jones 3-72)

Result: England won by 239 runs
England lead four-match series 2-1

Our legal consultants

Name: Hassan Mohsen Elhais

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

FIXTURES (all times UAE)

Sunday
Brescia v Lazio (3.30pm)
SPAL v Verona (6pm)
Genoa v Sassuolo (9pm)
AS Roma v Torino (11.45pm)

Monday
Bologna v Fiorentina (3.30pm)
AC Milan v Sampdoria (6pm)
Juventus v Cagliari (6pm)
Atalanta v Parma (6pm)
Lecce v Udinese (9pm)
Napoli v Inter Milan (11.45pm)

Story of 2017-18 so far and schedule to come

Roll of Honour

Who has won what so far in the West Asia rugby season?

 

Western Clubs Champions League

Winners: Abu Dhabi Harlequins

Runners up: Bahrain

 

Dubai Rugby Sevens

Winners: Dubai Exiles

Runners up: Jebel Ali Dragons

 

West Asia Premiership

Winners: Jebel Ali Dragons

Runners up: Abu Dhabi Harlequins

 

UAE Premiership Cup

Winners: Abu Dhabi Harlequins

Runners up: Dubai Exiles

 

Fixtures

Friday

West Asia Cup final

5pm, Bahrain (6pm UAE time), Bahrain v Dubai Exiles

 

West Asia Trophy final

3pm, The Sevens, Dubai Hurricanes v Dubai Sports City Eagles

 

Friday, April 13

UAE Premiership final

5pm, Al Ain, Dubai Exiles v Abu Dhabi Harlequins