Nana Mouskouri performs at the antique Herodes Atticus theatre beneath the Acropolis in Athens on Monday. Louisa Gouliamaki / AFP
Nana Mouskouri performs at the antique Herodes Atticus theatre beneath the Acropolis in Athens on Monday. Louisa Gouliamaki / AFP

Nana Mouskouri returns to the stage at 80



Nana Mouskouri, one of the best-selling singers of all time, returned to the stage in her native Greece on Monday as part of a tour to celebrate her 80th birthday. Ahead of a concert at the foot of the Acropolis in Athens, where six years ago she bid goodbye to the music industry, the singer, known for her signature black-rimmed glasses, admitted leaving was a mistake. "I want to be clear: six years ago, at the Odeon of Herodes Atticus, it was goodbye. It was a period when I felt myself ageing, when the world I belonged to had disappeared," she told the Kathimerini newspaper. "But that decision cost me dear." – AFP

Alia Bhatt tipped to star in Ayan Mukerji’s next film

The young Bollywood filmmaker Ayan Mukerji, known for his coming-of-age blockbusters such as Wake Up Sid (2009) and Yeh Jawaani Hai Deewani (2013), might pick the new actress Alia Bhatt for his next project, according to The Times of India. The lead star is tipped to be Ranbir Kapoor, whom Mukerji usually picks for the main role in his films. Mukerji said he is "still working on the script" and "will talk about the lead pair only after the final draft is done". – The National staff

Tenth chart-topper for will.i.am

The American musician will.i.am secured his 10th No 1 in the British singles charts this week, going straight in at the top spot with It's My Birthday. Ariana Grande's Problem, featuring Iggy Azalea, dropped to No 2, while the former TV talent show contestant Ella Henderson also slid one spot to third with Ghost. In the albums chart, Ed Sheeran topped the bill for a third week running with his album X, while the Welsh band Manic Street Preachers were the highest new entry at No 2 with Futurology. Fresh from her appearance at the Glastonbury music festival last month, Dolly Parton placed third with Blue Smoke, making it the highest-charting UK album of her career. – Reuters

COMPANY PROFILE
Name: HyperSpace
 
Started: 2020
 
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
 
Based: Dubai, UAE
 
Sector: Entertainment 
 
Number of staff: 210 
 
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
Vidaamuyarchi

Director: Magizh Thirumeni

Stars: Ajith Kumar, Arjun Sarja, Trisha Krishnan, Regina Cassandra

Rating: 4/5

 

Director: Laxman Utekar

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

Rating: 1/5

RedCrow Intelligence Company Profile

Started: 2016

Founders: Hussein Nasser Eddin, Laila Akel, Tayeb Akel 

Based: Ramallah, Palestine

Sector: Technology, Security

# of staff: 13

Investment: $745,000

Investors: Palestine’s Ibtikar Fund, Abu Dhabi’s Gothams and angel investors

Results

1. New Zealand Daniel Meech – Fine (name of horse), Richard Gardner – Calisto, Bruce Goodin - Backatorps Danny V, Samantha McIntosh – Check In. Team total First round: 200.22; Second round: 201.75 – Penalties 12 (jump-off 40.16 seconds) Prize €64,000

2. Ireland Cameron Hanley – Aiyetoro, David Simpson – Keoki, Paul Kennedy – Cartown Danger Mouse, Shane Breen – Laith. Team total 200.25/202.84 – P 12 (jump-off 51.79 – P17) Prize €40,000

3. Italy Luca Maria Moneta – Connery, Luca Coata – Crandessa, Simone Coata – Dardonge, Natale Chiaudani – Almero. Team total 130.82/198.-4 – P20. Prize €32,000

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Emergency

Director: Kangana Ranaut

Stars: Kangana Ranaut, Anupam Kher, Shreyas Talpade, Milind Soman, Mahima Chaudhry 

Rating: 2/5

EA Sports FC 25
Itcan profile

Founders: Mansour Althani and Abdullah Althani

Based: Business Bay, with offices in Saudi Arabia, Egypt and India

Sector: Technology, digital marketing and e-commerce

Size: 70 employees 

Revenue: On track to make Dh100 million in revenue this year since its 2015 launch

Funding: Self-funded to date

 

Four reasons global stock markets are falling right now

There are many factors worrying investors right now and triggering a rush out of stock markets. Here are four of the biggest:

1. Rising US interest rates

The US Federal Reserve has increased interest rates three times this year in a bid to prevent its buoyant economy from overheating. They now stand at between 2 and 2.25 per cent and markets are pencilling in three more rises next year.

Kim Catechis, manager of the Legg Mason Martin Currie Global Emerging Markets Fund, says US inflation is rising and the Fed will continue to raise rates in 2019. “With inflationary pressures growing, an increasing number of corporates are guiding profitability expectations downwards for 2018 and 2019, citing the negative impact of rising costs.”

At the same time as rates are rising, central bankers in the US and Europe have been ending quantitative easing, bringing the era of cheap money to an end.

2. Stronger dollar

High US rates have driven up the value of the dollar and bond yields, and this is putting pressure on emerging market countries that took advantage of low interest rates to run up trillions in dollar-denominated debt. They have also suffered capital outflows as international investors have switched to the US, driving markets lower. Omar Negyal, portfolio manager of the JP Morgan Global Emerging Markets Income Trust, says this looks like a buying opportunity. “Despite short-term volatility we remain positive about long-term prospects and profitability for emerging markets.” 

3. Global trade war

Ritu Vohora, investment director at fund manager M&G, says markets fear that US President Donald Trump’s spat with China will escalate into a full-blown global trade war, with both sides suffering. “The US economy is robust enough to absorb higher input costs now, but this may not be the case as tariffs escalate. However, with a host of factors hitting investor sentiment, this is becoming a stock picker’s market.”

4. Eurozone uncertainty

Europe faces two challenges right now in the shape of Brexit and the new populist government in eurozone member Italy.

Chris Beauchamp, chief market analyst at IG, which has offices in Dubai, says the stand-off between between Rome and Brussels threatens to become much more serious. "As with Brexit, neither side appears willing to step back from the edge, threatening more trouble down the line.”

The European economy may also be slowing, Mr Beauchamp warns. “A four-year low in eurozone manufacturing confidence highlights the fact that producers see a bumpy road ahead, with US-EU trade talks remaining a major question-mark for exporters.”

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