Quake kills dozens in eastern Turkey



ANKARA, TURKEY // A strong earthquake, with a preliminary magnitude of six, hit eastern Turkey on Monday, knocking down houses in three small villages and killing at least 38 people, an official said. Mayor Bekir Yanilmaz, of the nearby town of Kovancilar said the victims were from the villages of Okcular, Yukari Kanatli and Kayali, where the quake toppled stone or mud-brick homes and the minarets of mosques. The government's crisis centre said some 60 people were also injured in the quake which occurred at 4.32am in Elazig province and caught many people in their sleep. It was centred near the village of Basyurt, and was followed by more than 20 aftershocks, the strongest measuring 4.1, according to Istanbul's Kandilli Observatory seismology centre.

CNN-Turk television said the dead included four young sisters trapped in the rubble and rescue workers were trying to pull out one other person from debris in Okcular village. "Everything has been knocked down, there is not a stone in place," said Yadin Apaydin, administrator for the village of Yukari Kanatli, where he said three villagers died. The quake was felt in neighbouring provinces of Tunceli, Bingol and Diyarbakir where residents fled to the streets in panic and spent the night outdoors. Some of the injuries occurred during the panic, when people jumped from windows or balconies. Dogan news agency footage showed people bringing in the injured to hospitals by cars and taxis. Television footage showed rescue workers and soldiers at Okcular lifting debris as villagers looked on. Turkey's Red Crescent organisation has set up tents in the region. Elazig is 550km east of the capital Ankara. Earthquakes are frequent in Turkey, much of which lies atop the North Anatolian fault. In 1999, two powerful earthquakes struck northwestern Turkey, killing about 18,000 people. * AP

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Publisher: LucasArts
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Copa del Rey

Barcelona v Real Madrid
Semi-final, first leg
Wednesday (midnight UAE)

If you go

The flights
Emirates and Etihad fly direct to Nairobi, with fares starting from Dh1,695. The resort can be reached from Nairobi via a 35-minute flight from Wilson Airport or Jomo Kenyatta International Airport, or by road, which takes at least three hours.

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Rooms at Fairmont Mount Kenya range from Dh1,870 per night for a deluxe room to Dh11,000 per night for the William Holden Cottage.

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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.”

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Industry: AI
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This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.

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If symptoms occur, they usually last for two-seven days

COMPANY PROFILE

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Started: December 2023
Founder: Ivan Kroshnyi
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Sector: Microfinance
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Investors: Family offices

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Tickets for the August 3 Fight Night, held in partnership with the Department of Culture and Tourism Abu Dhabi, went on sale earlier this month, through www.etihadarena.ae and www.ticketmaster.ae.

The burning issue

The internal combustion engine is facing a watershed moment – major manufacturer Volvo is to stop producing petroleum-powered vehicles by 2021 and countries in Europe, including the UK, have vowed to ban their sale before 2040. The National takes a look at the story of one of the most successful technologies of the last 100 years and how it has impacted life in the UAE.

Part three: an affection for classic cars lives on

Read part two: how climate change drove the race for an alternative 

Read part one: how cars came to the UAE

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Abu Dhabi – Call 999 or 8002626 (Aman Service)

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How to play the stock market recovery in 2021?

If you are looking to build your long-term wealth in 2021 and beyond, the stock market is still the best place to do it as equities powered on despite the pandemic.

Investing in individual stocks is not for everyone and most private investors should stick to mutual funds and ETFs, but there are some thrilling opportunities for those who understand the risks.

Peter Garnry, head of equity strategy at Saxo Bank, says the 20 best-performing US and European stocks have delivered an average return year-to-date of 148 per cent, measured in local currency terms.

Online marketplace Etsy was the best performer with a return of 330.6 per cent, followed by communications software company Sinch (315.4 per cent), online supermarket HelloFresh (232.8 per cent) and fuel cells specialist NEL (191.7 per cent).

Mr Garnry says digital companies benefited from the lockdown, while green energy firms flew as efforts to combat climate change were ramped up, helped in part by the European Union’s green deal. 

Electric car company Tesla would be on the list if it had been part of the S&P 500 Index, but it only joined on December 21. “Tesla has become one of the most valuable companies in the world this year as demand for electric vehicles has grown dramatically,” Mr Garnry says.

By contrast, the 20 worst-performing European stocks fell 54 per cent on average, with European banks hit by the economic fallout from the pandemic, while cruise liners and airline stocks suffered due to travel restrictions.

As demand for energy fell, the oil and gas industry had a tough year, too.

Mr Garnry says the biggest story this year was the “absolute crunch” in so-called value stocks, companies that trade at low valuations compared to their earnings and growth potential.

He says they are “heavily tilted towards financials, miners, energy, utilities and industrials, which have all been hit hard by the Covid-19 pandemic”. “The last year saw these cheap stocks become cheaper and expensive stocks have become more expensive.” 

This has triggered excited talk about the “great value rotation” but Mr Garnry remains sceptical. “We need to see a breakout of interest rates combined with higher inflation before we join the crowd.”

Always remember that past performance is not a guarantee of future returns. Last year’s winners often turn out to be this year’s losers, and vice-versa.

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Creator: Jim Mickle
Starring: Christian Convery, Nonso Anozie, Adeel Akhtar, Stefania LaVie Owen
Rating: 2.5/5


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