• Flag bearer Yousuf Almatrooshi of the United Arab Emirates leads his contingent during the athletes' parade at the opening ceremony.
    Flag bearer Yousuf Almatrooshi of the United Arab Emirates leads his contingent during the athletes' parade at the opening ceremony.
  • Flag bearer Yousuf Almatrooshi of Team United Arab Emirates leads the team out during the opening ceremony of the Tokyo 2020 Olympic Games.
    Flag bearer Yousuf Almatrooshi of Team United Arab Emirates leads the team out during the opening ceremony of the Tokyo 2020 Olympic Games.
  • Members of the United Arab Emirates Team are seen during the opening ceremony of the Tokyo 2020 Olympic Games.
    Members of the United Arab Emirates Team are seen during the opening ceremony of the Tokyo 2020 Olympic Games.
  • Flag bearer Yousuf Almatrooshi of Team United Arab Emirates during the opening ceremony of the Tokyo 2020 Olympic Games.
    Flag bearer Yousuf Almatrooshi of Team United Arab Emirates during the opening ceremony of the Tokyo 2020 Olympic Games.
  • Flag bearers Hannah Mills and Mohamed Sbihi of Team Great Britain lead their team out during the opening ceremony of the Tokyo 2020 Olympic Games.
    Flag bearers Hannah Mills and Mohamed Sbihi of Team Great Britain lead their team out during the opening ceremony of the Tokyo 2020 Olympic Games.
  • Italy's delegation parade during the opening ceremony of the Tokyo 2020 Olympic Games.
    Italy's delegation parade during the opening ceremony of the Tokyo 2020 Olympic Games.
  • Flag bearers Harmanpreet Singh and Mary Kom Hmangte of India lead their contingent in the athletes parade during the opening ceremony.
    Flag bearers Harmanpreet Singh and Mary Kom Hmangte of India lead their contingent in the athletes parade during the opening ceremony.
  • Flag bearers Hedaya Wahba and Alaaeldin Abouelkassem of Team Egypt during the Opening Ceremony of the Tokyo 2020 Olympic Games.
    Flag bearers Hedaya Wahba and Alaaeldin Abouelkassem of Team Egypt during the Opening Ceremony of the Tokyo 2020 Olympic Games.
  • Flag bearers Cate Campbell and Patty Mills of Team Australia lead their team during the opening ceremony of the Tokyo 2020 Olympic Games.
    Flag bearers Cate Campbell and Patty Mills of Team Australia lead their team during the opening ceremony of the Tokyo 2020 Olympic Games.
  • Flag bearers Anna Korakaki and Eleftherios Petrounias of Team Greece lead their team in during the opening ceremony of the Tokyo 2020 Olympic Games.
    Flag bearers Anna Korakaki and Eleftherios Petrounias of Team Greece lead their team in during the opening ceremony of the Tokyo 2020 Olympic Games.
  • Flag bearers Yusra Mardini and Tachlowini Gabriyesos of the Refugee Olympic Team lead their team out during the opening ceremony of the Tokyo 2020 Olympic Games.
    Flag bearers Yusra Mardini and Tachlowini Gabriyesos of the Refugee Olympic Team lead their team out during the opening ceremony of the Tokyo 2020 Olympic Games.
  • Performers are seen during the opening ceremony of the Tokyo 2020 Olympic Games.
    Performers are seen during the opening ceremony of the Tokyo 2020 Olympic Games.
  • President of the International Olympic Committee Thomas Bach and Japan's Emperor Naruhito wave during the opening ceremony of the Tokyo 2020 Olympic Games.
    President of the International Olympic Committee Thomas Bach and Japan's Emperor Naruhito wave during the opening ceremony of the Tokyo 2020 Olympic Games.
  • The Japanese flag is raised as the national anthem is sung during the Opening Ceremony of the Tokyo 2020 Olympic Games.
    The Japanese flag is raised as the national anthem is sung during the Opening Ceremony of the Tokyo 2020 Olympic Games.
  • Performers are seen during the Opening Ceremony of the Tokyo 2020 Olympic Games.
    Performers are seen during the Opening Ceremony of the Tokyo 2020 Olympic Games.
  • Performers in action during the Opening Ceremony of the Tokyo 2020 Olympic Games.
    Performers in action during the Opening Ceremony of the Tokyo 2020 Olympic Games.
  • Performers dance during the Opening Ceremony of the Tokyo 2020 Olympic Games.
    Performers dance during the Opening Ceremony of the Tokyo 2020 Olympic Games.
  • A performer is seen acting during the Opening Ceremony of the Tokyo 2020 Olympic Games.
    A performer is seen acting during the Opening Ceremony of the Tokyo 2020 Olympic Games.
  • Fireworks explode during the opening ceremony.
    Fireworks explode during the opening ceremony.
  • Fireworks illuminate over the National Stadium during the opening ceremony of 2020 Tokyo Olympics.
    Fireworks illuminate over the National Stadium during the opening ceremony of 2020 Tokyo Olympics.
  • Fireworks illuminate over the National Stadium during the opening ceremony of the 2020 Tokyo Olympics in Tokyo, Japan.
    Fireworks illuminate over the National Stadium during the opening ceremony of the 2020 Tokyo Olympics in Tokyo, Japan.
  • Members of staff hold signage inside the stadium before the opening ceremony.
    Members of staff hold signage inside the stadium before the opening ceremony.
  • Kabuki actor Nakamura Kankuro lights an Olympic cauldron during the arrival ceremony for the Olympic torch in Tokyo, Japan.
    Kabuki actor Nakamura Kankuro lights an Olympic cauldron during the arrival ceremony for the Olympic torch in Tokyo, Japan.
  • An Olympic flame torch.
    An Olympic flame torch.
  • The Blue Impulse Japan Air Self-Defence Force aerobatic display team fly over the Tokyo Metropolitan Government building during the arrival ceremony for the Olympic torch.
    The Blue Impulse Japan Air Self-Defence Force aerobatic display team fly over the Tokyo Metropolitan Government building during the arrival ceremony for the Olympic torch.
  • People watch a performance by Blue Impulse.
    People watch a performance by Blue Impulse.
  • People take photos of the Japan air force aerobatic squadron Blue Impulse.
    People take photos of the Japan air force aerobatic squadron Blue Impulse.
  • A general view outside the stadium as fireworks are let off during the Opening Ceremony of the Tokyo 2020 Olympic Games.
    A general view outside the stadium as fireworks are let off during the Opening Ceremony of the Tokyo 2020 Olympic Games.

Olympic Games opening ceremony under way in Tokyo


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The opening ceremony of the 2020 Olympic Games finally got under way on Friday after being delayed a year due to the coronavirus pandemic.

Eight years after Japanese newscasters shed tears as Tokyo celebrated winning the right to stage the Games, the ceremony is taking place before empty stands and with the city in a state of emergency.

A ring of steel has been erected around the Olympic Stadium, meaning the excited locals, who were due to be a part of the ceremony until the decision to ban spectators from the Games was made earlier this month, were left to watch those lucky enough to be allowed in from behind fences.

With more than 11,000 athletes arriving from 207 nations for the event, a bio-secure bubble has been set-up to try to keep the action flowing in the Japanese capital during the next two weeks.

Athletes, support staff and media are subject to strict Covid-19 protocols, including regular testing and daily health checks.

Japan's Emperor Naruhito is set to declare the opening of the Games, reprising the role of his grandfather who opened the last Tokyo Olympics in 1964.

Those Games were enthusiastically embraced in Japan and abroad, and heralded a new era for the nation after it emerged from the devastation of Second World War and was on its way to becoming an economic powerhouse.

This time, the Tokyo Olympics have been greatly complicated by the Covid-19 pandemic and battered by a series of scandals. Public opinion polls consistently show that a majority of Japanese are against holding the event during the pandemic.

Traditionally a highlight of any Summer Games, featuring the parade of nations and the lighting of the Olympic cauldron, Tokyo's opening ceremony will be drastically pared back.

Fewer than 1,000 dignitaries and officials will be present at the stadium. Most world leaders have opted to stay away, though US First Lady Jill Biden and French President Emmanuel Macron — whose country will host the 2024 Paris Olympics — will attend.

A few hundred protesters demonstrated against the Games on Friday morning near the Tokyo government building where governor Yuriko Koike welcomed the Olympic flame.

“Even though the pandemic continues, we will hold a safe and secure Games,” Koike said. “We are determine to see it through. Today is the first step towards that.”

There was also plenty of enthusiasm outside the 68,000-seat stadium in the hours before the ceremony, as hundreds of people gathered hoping to soak up the atmosphere and watch the fireworks expected during the extravaganza.

Mako Fukuhara arrived six hours before the ceremony to grab a spot. “We're here for the atmosphere, the light-up and the fireworks,” she told AFP. “Until now it didn't feel like the Olympics, but now we are by the stadium, it feels like the Olympics!”

 


 

How to keep control of your emotions

If your investment decisions are being dictated by emotions such as fear, greed, hope, frustration and boredom, it is time for a rethink, Chris Beauchamp, chief market analyst at online trading platform IG, says.

Greed

Greedy investors trade beyond their means, open more positions than usual or hold on to positions too long to chase an even greater gain. “All too often, they incur a heavy loss and may even wipe out the profit already made.

Tip: Ignore the short-term hype, noise and froth and invest for the long-term plan, based on sound fundamentals.

Fear

The risk of making a loss can cloud decision-making. “This can cause you to close out a position too early, or miss out on a profit by being too afraid to open a trade,” he says.

Tip: Start with a plan, and stick to it. For added security, consider placing stops to reduce any losses and limits to lock in profits.

Hope

While all traders need hope to start trading, excessive optimism can backfire. Too many traders hold on to a losing trade because they believe that it will reverse its trend and become profitable.

Tip: Set realistic goals. Be happy with what you have earned, rather than frustrated by what you could have earned.

Frustration

Traders can get annoyed when the markets have behaved in unexpected ways and generates losses or fails to deliver anticipated gains.

Tip: Accept in advance that asset price movements are completely unpredictable and you will suffer losses at some point. These can be managed, say, by attaching stops and limits to your trades.

Boredom

Too many investors buy and sell because they want something to do. They are trading as entertainment, rather than in the hope of making money. As well as making bad decisions, the extra dealing charges eat into returns.

Tip: Open an online demo account and get your thrills without risking real money.

Our family matters legal consultant

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

The National in Davos

We are bringing you the inside story from the World Economic Forum's Annual Meeting in Davos, a gathering of hundreds of world leaders, top executives and billionaires.

Updated: July 23, 2021, 11:47 AM