"For things to stay the same, everything must change."
Editor's Pick: The big business stories making headlines today
Al Jazeera leader quits after 8 years Wadah Khanfar is to quit his position as director general of Al Jazeera, departing on a high note following the network's acclaimed coverage of the Arab Spring. read article
Boost and warning for airlines from Iata Middle East airlines are expected to make $800 million this year, up from a forecast of $100 million three months ago. Read article
Gulf states press ahead with plans for rail networks Governments in the region are pushing ahead with rail link projects to transport passengers and boost trade. Read article
The famous quote from Giuseppe di Lampedusa's novel The Leopard has not been as apt for Italy since the days of the Risorgimento, the 19th-century movement for Italian unification.
Italy's finances may be in a different position to Greece's - the Italian problem is not so much one of deficit but debt combined with political paralysis - but if it wants to retain many of the features that make it so attractive a place to live, it will need serious reform. Does it have the will to do so?
Silvio Berlusconi, the prime minister, hardly looks like the man best placed to carry out a series of austerity measures.
He is embroiled in a series of seemingly never-ending scandals, and has spoken out disparagingly not only about his own finance minister, but also other European leaders including Angela Merkel, Germany's chancellor.
Giulio Tremonti, the Italian minister of economy and finance, is well respected in financial circles, while Mrs Merkel's mighty coffers probably hold the key to keeping the euro together.
Italy has managed to pass an austerity budget in the past few weeks that promises to balance the budget by the end of 2013.
But this has impressed neither the markets, which have pushed up the cost of Italian borrowing to more than 5 per cent, nor Italian workers.
Their protests have not been as violent or as prolonged as the Greeks - yet - but it is early days.
Nor is it clear that these austerity measures will bring the benefit without causing too much pain.
The IMF acknowledged in the aftermath of the Asian debt crisis in 1997 that many of the measures it imposed were too draconian. Has this lesson been absorbed, or simply ignored in the panic?
One trade federation leader called the budget "demented". This crisis is inching to a conclusion, although don't expect one any time soon.
At the moment it looks like everything will stay the same, instead of changing.
[ rwright@thenational.ae ]
MATCH INFO
Manchester City 3 (Sterling 46', De Bruyne 65', Gundogan 70')
Aston Villa 0
Red card: Fernandinho (Manchester City)
Man of the Match: Raheem Sterling (Manchester City)
Herc's Adventures
Developer: Big Ape Productions
Publisher: LucasArts
Console: PlayStation 1 & 5, Sega Saturn
Rating: 4/5
A Long Way Home by Peter Carey
Faber & Faber
ROUTE TO TITLE
Round 1: Beat Leolia Jeanjean 6-1, 6-2
Round 2: Beat Naomi Osaka 7-6, 1-6, 7-5
Round 3: Beat Marie Bouzkova 6-4, 6-2
Round 4: Beat Anastasia Potapova 6-0, 6-0
Quarter-final: Beat Marketa Vondrousova 6-0, 6-2
Semi-final: Beat Coco Gauff 6-2, 6-4
Final: Beat Jasmine Paolini 6-2, 6-2
J Street Polling Results
97% of Jewish-Americans are concerned about the rise in anti-Semitism
76% of US Jewish voters believe Donald Trump and his allies in the Republican Party are responsible for a rise in anti-Semitism
74% of American Jews agreed that “Trump and the Maga movement are a threat to Jews in America"
LOVE AGAIN
Director: Jim Strouse
Stars: Priyanka Chopra Jonas, Sam Heughan, Celine Dion
Rating: 2/5
The specs
Engine: 2.3-litre, turbo four-cylinder
Transmission: 10-speed auto
Power: 300hp
Torque: 420Nm
Price: Dh189,900
On sale: now
Company Profile
Name: Direct Debit System
Started: Sept 2017
Based: UAE with a subsidiary in the UK
Industry: FinTech
Funding: Undisclosed
Investors: Elaine Jones
Number of employees: 8
A QUIET PLACE
Starring: Lupita Nyong'o, Joseph Quinn, Djimon Hounsou
Director: Michael Sarnoski
Rating: 4/5
The specs
Engine: 3.8-litre V6
Power: 295hp at 6,000rpm
Torque: 355Nm at 5,200rpm
Transmission: 8-speed auto
Fuel consumption: 10.7L/100km
Price: Dh179,999-plus
On sale: now
Five calorie-packed Ramadan drinks
Rooh Afza
100ml contains 414 calories
Tang orange drink
100ml serving contains 300 calories
Carob beverage mix
100ml serving contains about 300 calories
Qamar Al Din apricot drink
100ml saving contains 61 calories
Vimto fruit squash
100ml serving contains 30 calories
Ziina users can donate to relief efforts in Beirut
Ziina users will be able to use the app to help relief efforts in Beirut, which has been left reeling after an August blast caused an estimated $15 billion in damage and left thousands homeless. Ziina has partnered with the United Nations High Commissioner for Refugees to raise money for the Lebanese capital, co-founder Faisal Toukan says. “As of October 1, the UNHCR has the first certified badge on Ziina and is automatically part of user's top friends' list during this campaign. Users can now donate any amount to the Beirut relief with two clicks. The money raised will go towards rebuilding houses for the families that were impacted by the explosion.”
SPECS: Polestar 3
Engine: Long-range dual motor with 400V battery
Power: 360kW / 483bhp
Torque: 840Nm
Transmission: Single-speed automatic
Max touring range: 628km
0-100km/h: 4.7sec
Top speed: 210kph
Price: From Dh360,000
On sale: September
Indoor cricket in a nutshell
Indoor Cricket World Cup - Sep 16-20, Insportz, Dubai
16 Indoor cricket matches are 16 overs per side
8 There are eight players per team
9 There have been nine Indoor Cricket World Cups for men. Australia have won every one.
5 Five runs are deducted from the score when a wickets falls
4 Batsmen bat in pairs, facing four overs per partnership
Scoring In indoor cricket, runs are scored by way of both physical and bonus runs. Physical runs are scored by both batsmen completing a run from one crease to the other. Bonus runs are scored when the ball hits a net in different zones, but only when at least one physical run is score.
Zones
A Front net, behind the striker and wicketkeeper: 0 runs
B Side nets, between the striker and halfway down the pitch: 1 run
C Side nets between halfway and the bowlers end: 2 runs
D Back net: 4 runs on the bounce, 6 runs on the full
Company Profile
Company name: Hoopla
Date started: March 2023
Founder: Jacqueline Perrottet
Based: Dubai
Number of staff: 10
Investment stage: Pre-seed
Investment required: $500,000
THE BIO
Favourite car: Koenigsegg Agera RS or Renault Trezor concept car.
Favourite book: I Am Pilgrim by Terry Hayes or Red Notice by Bill Browder.
Biggest inspiration: My husband Nik. He really got me through a lot with his positivity.
Favourite holiday destination: Being at home in Australia, as I travel all over the world for work. It’s great to just hang out with my husband and family.
Veil (Object Lessons)
Rafia Zakaria
Bloomsbury Academic