In the Confederations Cup, Brazil scored in the first 10 minutes in three out of five games, and the fans will be expecting more of the same. Nelson Almeida / AFP
In the Confederations Cup, Brazil scored in the first 10 minutes in three out of five games, and the fans will be expecting more of the same. Nelson Almeida / AFP
In the Confederations Cup, Brazil scored in the first 10 minutes in three out of five games, and the fans will be expecting more of the same. Nelson Almeida / AFP
In the Confederations Cup, Brazil scored in the first 10 minutes in three out of five games, and the fans will be expecting more of the same. Nelson Almeida / AFP

Brazil must set off the blocks early this World Cup


  • English
  • Arabic

The only way Brazil, as hosts, favourites and five-time champions, could be considered more likely to win the World Cup this summer is if they started each game with a lead.

At last summer’s Confederations Cup, that often appeared the case. Such was the ferocity with which Brazilian fans recited their national anthem last year, it affected the whole flow of the game.

The team in canary yellow enjoyed an obvious edge, the opposition side seemed to shrink and at least one referee – Howard Webb – said he felt “really moved”.

The result was that in three of Brazil’s five matches, including the final against world champions Spain, they opened the scoring inside the first 10 minutes.

Positivity had proved key: it eased the pressure on Brazil’s players and calmed the concern in the stands.

In the first match, against Japan, Neymar needed less than four minutes to hit a crisp, collector’s-item volley past the opposition goalkeeper.

Still, inside that first brief period signs of impatience had been evident at Estadio Nacional.

An ominous, anxious murmur had filled the arena, but when the ball struck the back of the net, jubilation erupted. Such joy and support remained for the rest of the tournament.

Luiz Felipe Scolari, the Brazil coach, knows his side must produce a similarly strong start against Croatia tonight to ensure home advantage does not turn into home disadvantage.

During their final warm-up match, against Serbia last week, Scolari’s side were booed by their own fans in the first half after failing to click in Sao Paulo.

Never before have Brazilians been so conflicted ahead of a World Cup. In some circles, it has become almost condemnable to show support for the football team.

At a concert in Sao Paulo on Sunday night, an Iranian band trying to curry favour among the locals said they hoped Brazil would win, only to be subjected to jeers and boos.

The well-documented issues the host country suffers – lack of suitable health care, poor public transport, high crime rates, inequality, corruption – have caused nationwide protests and understandable dismay.

As billions of Brazilian reals are spent on stadiums, the population’s standard of living has not sufficiently improved.

For the first time, arguably, the outside world is beginning to understand that, while Brazilians adore football, the adage of love being blind does not apply. Football may be the primary focus of many, but it does not make them forget more pressing issues.

For Scolari and the rest of the national team, the hope is that when they take to the pitch at Arena Corinthians, the love will overcome the let-down.

If ever a prompting of positivity was required, today’s date provides it because June 12 is “Dia Dos Namorados” – the Brazilian Valentine’s Day.

On the pitch, things are clearer. Scolari has instilled a self-belief that was absent during the reign of his predecessor, Mano Menezes, and technical director Carlos Alberto Parreira has helped shape defensive solidity.

In 22 games, Brazil have conceded 15 times and just twice in the past nine. As Pele noted while in Dubai recently, his country will, for the first time in memory, contest a World Cup with a team stronger in defence than attack.

That is not to say Brazil are weak in the final third. With Neymar and Hulk playing either side of Fred, Scolari’s three-pronged forward line ticks all the boxes: speed, strength and a technically proficient target man.

Add to the mix the options from the bench, such as the diminutive Bernard, Chelsea’s Willian or Brazil-based Jo, who has shown far greater instinctive qualities for his national team than he ever did during his two seasons in England, and goals are rarely hard to come by.

Since Scolari took charge in December 2012, his side have netted 59 times in 22 games.

This most modern of Brazilian incarnations swarm the opposition and constantly attack but, most importantly, when they play to their strengths, they excite.

For Scolari, winning is everything. For the Brazilian public, winning with attractive football is almost as essential.

The country’s adventurous side of 1982 crashed out in the second round, but they are remembered more fondly when compared to Parreira’s victorious side of 1994, who played cautiously.

With the fans onside, Scolari’s Brazil are capable of winning and winning with style. Without the fans, the pressure and expectations could prove suffocating.

For this reason, a strong start today is essential. After that, there is every chance the favourites will march to a record sixth title.

gmeenaghan@thenational.ae

Follow us on Twitter at SprtNationalUAE

Groom and Two Brides

Director: Elie Semaan

Starring: Abdullah Boushehri, Laila Abdallah, Lulwa Almulla

Rating: 3/5

From Zero

Artist: Linkin Park

Label: Warner Records

Number of tracks: 11

Rating: 4/5

UAE currency: the story behind the money in your pockets
The rules on fostering in the UAE

A foster couple or family must:

  • be Muslim, Emirati and be residing in the UAE
  • not be younger than 25 years old
  • not have been convicted of offences or crimes involving moral turpitude
  • be free of infectious diseases or psychological and mental disorders
  • have the ability to support its members and the foster child financially
  • undertake to treat and raise the child in a proper manner and take care of his or her health and well-being
  • A single, divorced or widowed Muslim Emirati female, residing in the UAE may apply to foster a child if she is at least 30 years old and able to support the child financially

Profile of Udrive

Date started: March 2016

Founder: Hasib Khan

Based: Dubai

Employees: 40

Amount raised (to date): $3.25m – $750,000 seed funding in 2017 and a Seed round of $2.5m last year. Raised $1.3m from Eureeca investors in January 2021 as part of a Series A round with a $5m target.

Other workplace saving schemes
  • The UAE government announced a retirement savings plan for private and free zone sector employees in 2023.
  • Dubai’s savings retirement scheme for foreign employees working in the emirate’s government and public sector came into effect in 2022.
  • National Bonds unveiled a Golden Pension Scheme in 2022 to help private-sector foreign employees with their financial planning.
  • In April 2021, Hayah Insurance unveiled a workplace savings plan to help UAE employees save for their retirement.
  • Lunate, an Abu Dhabi-based investment manager, has launched a fund that will allow UAE private companies to offer employees investment returns on end-of-service benefits.
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.

How to wear a kandura

Dos

  • Wear the right fabric for the right season and occasion 
  • Always ask for the dress code if you don’t know
  • Wear a white kandura, white ghutra / shemagh (headwear) and black shoes for work 
  • Wear 100 per cent cotton under the kandura as most fabrics are polyester

Don’ts 

  • Wear hamdania for work, always wear a ghutra and agal 
  • Buy a kandura only based on how it feels; ask questions about the fabric and understand what you are buying
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US households add $601bn of debt in 2019

American households borrowed another $601 billion (Dh2.2bn) in 2019, the largest yearly gain since 2007, just before the global financial crisis, according to February data from the New York Federal Reserve Bank.

Fuelled by rising mortgage debt as homebuyers continued to take advantage of low interest rates, the increase last year brought total household debt to a record high, surpassing the previous peak reached in 2008 just before the market crash, according to the report.

Following the 22nd straight quarter of growth, American household debt swelled to $14.15 trillion by the end of 2019, the New York Fed said in its quarterly report.

In the final three months of the year, new home loans jumped to their highest volume since the fourth quarter of 2005, while credit cards and auto loans also added to the increase.

The bad debt load is taking its toll on some households, and the New York Fed warned that more and more credit card borrowers — particularly young people — were falling behind on their payments.

"Younger borrowers, who are disproportionately likely to have credit cards and student loans as their primary form of debt, struggle more than others with on-time repayment," New York Fed researchers said.

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UAE Premiership

Results

Dubai Exiles 24-28 Jebel Ali Dragons
Abu Dhabi Harlequins 43-27 Dubai Hurricanes

Final
Abu Dhabi Harlequins v Jebel Ali Dragons, Friday, March 29, 5pm at The Sevens, Dubai

Company profile

Date started: 2015

Founder: John Tsioris and Ioanna Angelidaki

Based: Dubai

Sector: Online grocery delivery

Staff: 200

Funding: Undisclosed, but investors include the Jabbar Internet Group and Venture Friends

The Perfect Couple

Starring: Nicole Kidman, Liev Schreiber, Jack Reynor

Creator: Jenna Lamia

Rating: 3/5

MATCH INFO

Real Madrid 2

Vinicius Junior (71') Mariano (90 2')

Barcelona 0

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UAE currency: the story behind the money in your pockets
UAE currency: the story behind the money in your pockets
RESULT

Al Hilal 4 Persepolis 0
Khribin (31', 54', 89'), Al Shahrani 40'
Red card: Otayf (Al Hilal, 49')