• Multan Sultans' captain Mohammad Rizwan (R) plays a shot as Karachi Kings' wicketeeper Matthew Wade watches during the Pakistan Super League (PSL) T20 cricket match between Karachi Kings and Multan Sultans at the Multan Cricket Stadium in Multan on February 22, 2023. (Photo by Shahid Saeed MIRZA / AFP)
    Multan Sultans' captain Mohammad Rizwan (R) plays a shot as Karachi Kings' wicketeeper Matthew Wade watches during the Pakistan Super League (PSL) T20 cricket match between Karachi Kings and Multan Sultans at the Multan Cricket Stadium in Multan on February 22, 2023. (Photo by Shahid Saeed MIRZA / AFP)
  • Multan Sultans' Mohammad Rizwan scored an unbeaten century on Wednesday. AFP
    Multan Sultans' Mohammad Rizwan scored an unbeaten century on Wednesday. AFP
  • Multan Sultans' Mohammad Rizwan prays after reaching his century. AFP
    Multan Sultans' Mohammad Rizwan prays after reaching his century. AFP
  • Multan Sultans opener Masood celebrates his fifty. AFP
    Multan Sultans opener Masood celebrates his fifty. AFP
  • Karachi Kings' Shoaib Malik bowls against Multan Sultans. AFP
    Karachi Kings' Shoaib Malik bowls against Multan Sultans. AFP
  • Multan Sultans' captain Mohammad Rizwan plays a cut shot. AFP
    Multan Sultans' captain Mohammad Rizwan plays a cut shot. AFP
  • Multan Sultans' Shan Masood at the Multan Cricket Stadium. AFP
    Multan Sultans' Shan Masood at the Multan Cricket Stadium. AFP

Mohammad Rizwan blasts first PSL century for Multan against Karachi


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Pakistan wicketkeeper batsman Mohammad Rizwan continued his spectacular form in PSL 2023 as he cracked his first century in the competition for Multan Sultans against Karachi Kings on Wednesday.

Rizwan had scored fifties in three of his first four games of the tournament and had remained not out in the other game. On Wednesday, Rizwan started off smoothly, easing to his first fifty from 42 balls.

He then turned on the afterburners, racing to his next fifty in just 18 balls. Rizwan finished unbeaten on 110 from 64 balls, with 10 fours and four sixes.

Rizwan was outscored in a 85-run stand for the opening wicket with Shan Masood, who hit 51 from 33 balls. After Masood's departure, Rizwan took on the responsibility of raising the scoring rate.

During the mid innings break, Masood said he wanted to take the pressure of scoring quickly off Rizwan's shoulders.

"It was a bit of a relief. I was the only batter who was not scoring. It was important to take that pressure off Rizwan," the left-handed batsman said.

"I kept telling him that I could take on the bowlers. He is a special player and he is one of the best batters in the world at the moment."

Multan, however, did not cross the 200-run mark and had to settle for 196-2. Rilee Rossouw failed to get going, making 29 from 21 balls.

UK's plans to cut net migration

Under the UK government’s proposals, migrants will have to spend 10 years in the UK before being able to apply for citizenship.

Skilled worker visas will require a university degree, and there will be tighter restrictions on recruitment for jobs with skills shortages.

But what are described as "high-contributing" individuals such as doctors and nurses could be fast-tracked through the system.

Language requirements will be increased for all immigration routes to ensure a higher level of English.

Rules will also be laid out for adult dependants, meaning they will have to demonstrate a basic understanding of the language.

The plans also call for stricter tests for colleges and universities offering places to foreign students and a reduction in the time graduates can remain in the UK after their studies from two years to 18 months.

Best Foreign Language Film nominees

Capernaum (Lebanon)

Cold War (Poland)

Never Look Away (Germany)

Roma (Mexico)

Shoplifters (Japan)

FFP EXPLAINED

What is Financial Fair Play?
Introduced in 2011 by Uefa, European football’s governing body, it demands that clubs live within their means. Chiefly, spend within their income and not make substantial losses.

What the rules dictate? 
The second phase of its implementation limits losses to €30 million (Dh136m) over three seasons. Extra expenditure is permitted for investment in sustainable areas (youth academies, stadium development, etc). Money provided by owners is not viewed as income. Revenue from “related parties” to those owners is assessed by Uefa's “financial control body” to be sure it is a fair value, or in line with market prices.

What are the penalties? 
There are a number of punishments, including fines, a loss of prize money or having to reduce squad size for European competition – as happened to PSG in 2014. There is even the threat of a competition ban, which could in theory lead to PSG’s suspension from the Uefa Champions League.

CHELSEA SQUAD

Arrizabalaga, Bettinelli, Rudiger, Christensen, Silva, Chalobah, Sarr, Azpilicueta, James, Kenedy, Alonso, Jorginho, Kante, Kovacic, Saul, Barkley, Ziyech, Pulisic, Mount, Hudson-Odoi, Werner, Havertz, Lukaku. 

THE%20HOLDOVERS
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Your Guide to the Home
  • Level 1 has a valet service if you choose not to park in the basement level. This level houses all the kitchenware, including covetable brand French Bull, along with a wide array of outdoor furnishings, lamps and lighting solutions, textiles like curtains, towels, cushions and bedding, and plenty of other home accessories.
  • Level 2 features curated inspiration zones and solutions for bedrooms, living rooms and dining spaces. This is also where you’d go to customise your sofas and beds, and pick and choose from more than a dozen mattress options.
  • Level 3 features The Home’s “man cave” set-up and a display of industrial and rustic furnishings. This level also has a mother’s room, a play area for children with staff to watch over the kids, furniture for nurseries and children’s rooms, and the store’s design studio.
     
BUNDESLIGA FIXTURES

Friday (all kick-offs UAE time)

Hertha Berlin v Union Berlin (10.30pm)

Saturday

Freiburg v Werder Bremen (5.30pm)

Paderborn v Hoffenheim (5.30pm)

Wolfsburg v Borussia Dortmund (5.30pm)

Borussia Monchengladbach v Bayer Leverkusen (5.30pm)

Bayern Munich v Eintracht Frankfurt (5.30pm)

Sunday

Schalke v Augsburg (3.30pm)

Mainz v RB Leipzig (5.30pm)

Cologne v Fortuna Dusseldorf (8pm)

 

 

Hydrogen: Market potential

Hydrogen has an estimated $11 trillion market potential, according to Bank of America Securities and is expected to generate $2.5tn in direct revenues and $11tn of indirect infrastructure by 2050 as its production increases six-fold.

"We believe we are reaching the point of harnessing the element that comprises 90 per cent of the universe, effectively and economically,” the bank said in a recent report.

Falling costs of renewable energy and electrolysers used in green hydrogen production is one of the main catalysts for the increasingly bullish sentiment over the element.

The cost of electrolysers used in green hydrogen production has halved over the last five years and will fall to 60 to 90 per cent by the end of the decade, acceding to Haim Israel, equity strategist at Merrill Lynch. A global focus on decarbonisation and sustainability is also a big driver in its development.

What are NFTs?

Are non-fungible tokens a currency, asset, or a licensing instrument? Arnab Das, global market strategist EMEA at Invesco, says they are mix of all of three.

You can buy, hold and use NFTs just like US dollars and Bitcoins. “They can appreciate in value and even produce cash flows.”

However, while money is fungible, NFTs are not. “One Bitcoin, dollar, euro or dirham is largely indistinguishable from the next. Nothing ties a dollar bill to a particular owner, for example. Nor does it tie you to to any goods, services or assets you bought with that currency. In contrast, NFTs confer specific ownership,” Mr Das says.

This makes NFTs closer to a piece of intellectual property such as a work of art or licence, as you can claim royalties or profit by exchanging it at a higher value later, Mr Das says. “They could provide a sustainable income stream.”

This income will depend on future demand and use, which makes NFTs difficult to value. “However, there is a credible use case for many forms of intellectual property, notably art, songs, videos,” Mr Das says.

Updated: February 22, 2023, 4:19 PM