Spain's fans react after their team lost against Italy while watching on a television the Euro 2020 soccer championship semifinal match between Italy and Spain, in Pamplona, Spain on, July 6. AP
Spain's fans react after their team lost against Italy while watching on a television the Euro 2020 soccer championship semifinal match between Italy and Spain, in Pamplona, Spain on, July 6. AP
Spain's fans react after their team lost against Italy while watching on a television the Euro 2020 soccer championship semifinal match between Italy and Spain, in Pamplona, Spain on, July 6. AP
Janine di Giovanni is executive director at The Reckoning Project and a columnist for The National
July 24, 2021
I’ve been wary of sport and the link to violence since my years working in the former Yugoslavia during the 1990s Balkan wars. I remember the Serbian war criminal Zeljko Raznatovic, better known as Arkan, who handpicked paramilitary killers from his Red Star Football fans. Known as the "Tigers" or "Arkan's Tigers" committed some of the most brutal "cleansing" during the wars.
It started at the matches that encouraged nationalism. The flags, the chants, the crowd-heightened emotion led to unspeakable evil. I feel the same revulsion when I see Betar Jerusalem fans chanting anti-Muslim slogans; the Red Sox fans in the US who overturn cars; or more recently at the final of the Euro 2020, some English football fans beating up Italians.
But there is a hidden aspect that sporting victories and losses also conjure up: domestic violence. Research suggests that the emotions associated with that violence is not linked only to post-match public riots: it goes directly to people's homes.
In a 2014 study done in the UK, at the University of Lancaster, researchers analysed reports of abuse in the northwest of England after three World Cup matches. Abuse increased by 26 per cent if England lost or drew, but it was up by 38 per cent when they lost.
Supporters clash in the stands after the Euro 2016 Group B match between England and Russia in Marseille, France, June, 11, 2016. EPA
This month, the Centre for Economic Performance (CEP) at the London School of Economics published a report titled 'Football, alcohol and domestic abuse' that said alcohol is a key factor in this cycle of domestic abuse. Social scientists looked at when the abuse occurred. It seemed to peak 10-12 hours after the matches ended. These cases are almost entirely driven by alcohol. The worst cases of beatings seem to happen after all-day drinking binges.
One out of three women globally report having experienced domestic abuse at one point in their lives, according to the World Health Organisation. Many of the cases are a result of drastic life changes. But the CEP report says there can be triggers such as “exogenous events… one of them being sporting events. Police forces around the world have identified surges in domestic abuse reports following big sport events in national and international competitions like the football World Cup.”
Domestic violence is a global epidemic. Last year, researchers at the Canada’s University of Calgary found that calls to a domestic violence hotline in Alberta rose by 15 per cent when the local football team was playing.
A 2011 study in the US looked at 900 games of the National Football League (NFL) games in an 11-year period and found that domestic violence reports went up by 10 per cent when local teams lost. Worse, many studies showed links to violence by the actual NFL players and their intimate partners. Forbes Magazine reported: “NFL players are about four times more likely to be arrested for domestic abuse than you'd expect, based on their overall arrest rates."
Despite these alarming figures, it is estimated that only half the cases are ever reported.
Croatia's players plead with their fans during Euro 2016 to calm down after flares and firecrackers were thrown on the pitch. Reuters
Aside from raising awareness through campaigns, one way to curtail the spike in violence is to reduce the tie between alcohol and sport. In France, for instance, there is a limit on the sale of alcohol at sporting venues. The 1991 Evin law prohibits the sale, distribution and introduction of alcoholic beverages in sport and physical activity establishments.
In July, 2019, when a bill tried to relax the law, the then then-Minister of Health Agnès Buzyn, a doctor, was firmly opposed: “I think that sport is an ideal time to promote health, to make young people want to have good habits” she said “and so that’s not the time when you want to see acute alcoholism or even violence.”
Countries could also look at the many benefits of playing and watching sport and push for it to promote healing rather than awakening violence. In post-conflict societies, sport often is a way to promote social cohesion: “Sport for Development of Peace” projects are launched to great success, particularly in Africa.
In Sierra Leone, the DDR or the Disarmament, Demobilisation and Reintegration following a brutal 14-year-old war helped young soldiers understand the roots of violence, but also taught them leadership, team spirit and trust.
Sport can also save lives. At the height of the Syrian refugee crisis in 2016, I met a young swimmer, Yusra Mardini, who along with her sister escaped from Syria, travelled through Lebanon, Turkey and Greece before finally braving a Mediterranean crossing to reach Europe. When her dinghy broke down between Greece and Turkey, she jumped in the water with her sister – also a swimmer – and pulled others to safety.
Yusra was later discovered in a refugee camp in Germany. She used her talent to make a new life and began to train for the refugee Olympics. She wanted to use her story to help other refugees. But what I remember most is that Yusra told me that sport had “saved” her.
Perhaps if we can turn the focus of Euros or World Cups around to see the true meaning of sport – teamwork, determination, focus – instead of the violence and anger, we can reach more people with positive wins, instead of more disastrous losses at home.
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.
The biog
DOB: 25/12/92
Marital status: Single
Education: Post-graduate diploma in UAE Diplomacy and External Affairs at the Emirates Diplomatic Academy in Abu Dhabi
Hobbies: I love fencing, I used to fence at the MK Fencing Academy but I want to start again. I also love reading and writing
Lifelong goal: My dream is to be a state minister
RESULTS
Lightweight (female)
Sara El Bakkali bt Anisha Kadka Bantamweight
Mohammed Adil Al Debi bt Moaz Abdelgawad Welterweight
Amir Boureslan bt Mahmoud Zanouny Featherweight
Mohammed Al Katheeri bt Abrorbek Madaminbekov Super featherweight
Ibrahem Bilal bt Emad Arafa Middleweight
Ahmed Abdolaziz bt Imad Essassi Bantamweight (female)
Ilham Bourakkadi bt Milena Martinou Welterweight
Mohamed Mardi bt Noureddine El Agouti Middleweight
Nabil Ouach bt Ymad Atrous Welterweight
Nouredine Samir bt Marlon Ribeiro Super welterweight
Brad Stanton bt Mohamed El Boukhari
More than 2.2 million Indian tourists arrived in UAE in 2023 More than 3.5 million Indians reside in UAE Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions
Company name/date started: Seez, set up in September 2015 and the app was released in August 2017
Founder/CEO name(s): Tarek Kabrit, co-founder and chief executive, and Andrew Kabrit, co-founder and chief operating officer
Based in: Dubai, with operations also in Kuwait, Saudi Arabia and Lebanon
Sector: Search engine for car buying, selling and leasing
Size: (employees/revenue): 11; undisclosed
Stage of funding: $1.8 million in seed funding; followed by another $1.5m bridge round - in the process of closing Series A
Investors: Wamda Capital, B&Y and Phoenician Funds
if you go
The flights
Emirates have direct flights from Dubai to Glasgow from Dh3,115. Alternatively, if you want to see a bit of Edinburgh first, then you can fly there direct with Etihad from Abu Dhabi.
The hotel
Located in the heart of Mackintosh's Glasgow, the Dakota Deluxe is perhaps the most refined hotel anywhere in the city. Doubles from Dh850
Events and tours
There are various Mackintosh specific events throughout 2018 – for more details and to see a map of his surviving designs see glasgowmackintosh.com
For walking tours focussing on the Glasgow Style, see the website of the Glasgow School of Art.
4.35pm: Tilal Al Khalediah 5.10pm: Continous 5.45pm: Raging Torrent 6.20pm: West Acre 7pm: Flood Zone 7.40pm: Straight No Chaser 8.15pm: Romantic Warrior 8.50pm: Calandogan 9.30pm: Forever Young
What is a robo-adviser?
Robo-advisers use an online sign-up process to gauge an investor’s risk tolerance by feeding information such as their age, income, saving goals and investment history into an algorithm, which then assigns them an investment portfolio, ranging from more conservative to higher risk ones.
These portfolios are made up of exchange traded funds (ETFs) with exposure to indices such as US and global equities, fixed-income products like bonds, though exposure to real estate, commodity ETFs or gold is also possible.
Investing in ETFs allows robo-advisers to offer fees far lower than traditional investments, such as actively managed mutual funds bought through a bank or broker. Investors can buy ETFs directly via a brokerage, but with robo-advisers they benefit from investment portfolios matched to their risk tolerance as well as being user friendly.
Many robo-advisers charge what are called wrap fees, meaning there are no additional fees such as subscription or withdrawal fees, success fees or fees for rebalancing.
MATCH INFO
Who: France v Italy When: Friday, 11pm (UAE) TV: BeIN Sports
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
Retail gloom
Online grocer Ocado revealed retail sales fell 5.7 per cen in its first quarter as customers switched back to pre-pandemic shopping patterns.
It was a tough comparison from a year earlier, when the UK was in lockdown, but on a two-year basis its retail division, a joint venture with Marks&Spencer, rose 31.7 per cent over the quarter.
The group added that a 15 per cent drop in customer basket size offset an 11.6. per cent rise in the number of customer transactions.
if you go
The flights
Emirates offer flights to Buenos Aires from Dubai, via Rio De Janeiro from around Dh6,300. emirates.com
Seeing the games
Tangol sell experiences across South America and generally have good access to tickets for most of the big teams in Buenos Aires: Boca Juniors, River Plate, and Independiente. Prices from Dh550 and include pick up and drop off from your hotel in the city. tangol.com
Staying there
Tangol will pick up tourists from any hotel in Buenos Aires, but after the intensity of the game, the Faena makes for tranquil, upmarket accommodation. Doubles from Dh1,110. faena.com
Sheffield Wednesday v Manchester City
Reading/Cardiff City v Sheffield United
Chelsea v Shrewsbury Town/Liverpool
West Bromwich Albion v Newcastle United/Oxford United
Leicester City v Coventry City/Birmingham City
Northampton Town/Derby County v Manchester United
Southampton/Tottenham Hotspur v Norwich City
Portsmouth v Arsenal