The Centre Pompidou. Paris Olympic organisers have unveiled the 'visual identity' for the 2024 Games. AFP
The Centre Pompidou. Paris Olympic organisers have unveiled the 'visual identity' for the 2024 Games. AFP
The Centre Pompidou. Paris Olympic organisers have unveiled the 'visual identity' for the 2024 Games. AFP
The Centre Pompidou. Paris Olympic organisers have unveiled the 'visual identity' for the 2024 Games. AFP

Zelenskyy to address summit on Russia's attendance at 2024 Olympics


Soraya Ebrahimi
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Ukrainian President Volodymyr Zelenskyy will address a summit organised by the International Olympic Committee to decide on how to deal with the prospect of Russian and Belarusian competitors at the Paris Olympics.

There are no plans for a Russian or Belarusian delegation at the 2024 Games, the IOC said, but it is considering whether individual, “neutral” athletes from the countries can take part.

The UK will chair a summit of 30 nations to co-ordinate an international response on Friday.

Britain's new Culture Secretary, Lucy Frazer, has warned “we cannot allow Russian athletes to line up alongside Team GB and everyone else on the world stage".

Russia must face consequences for the “illegal invasion” of Ukraine, Ms Frazer said.

Mr Zelenskyy will address the summit by video, speaking to an audience expected to include ministers or senior representatives from EU countries including France, Germany and Poland, as well as the US and Canada.

This week the Olympic committees of Finland, Iceland, Norway, Sweden and Denmark backed calls for the ban on Russian and Belarusian athletes to be upheld for the Paris 2024 Games.

Russia and Ukraine conflict latest — in pictures

  • A tank, seen left, fires a round in Soledar, a town in the Donetsk region of eastern Ukraine. Reuters
    A tank, seen left, fires a round in Soledar, a town in the Donetsk region of eastern Ukraine. Reuters
  • Tank fire in Soledar, Donetsk. Reuters
    Tank fire in Soledar, Donetsk. Reuters
  • Firefighters work to put out a blaze at a Kharkiv fireworks storage site after it was struck by a Russian missile. Getty
    Firefighters work to put out a blaze at a Kharkiv fireworks storage site after it was struck by a Russian missile. Getty
  • Col Gen Oleksandr Syrskyi, commander of Ukraine's ground forces, visits his troops on the frontline in Soledar, Donetsk. Reuters
    Col Gen Oleksandr Syrskyi, commander of Ukraine's ground forces, visits his troops on the frontline in Soledar, Donetsk. Reuters
  • A Ukrainian flag attached to a tank flutters in the wind in Bakhmut. Reuters
    A Ukrainian flag attached to a tank flutters in the wind in Bakhmut. Reuters
  • A specialist from an emergency crew works on a residential building in Donetsk that was damaged in recent shelling. Reuters
    A specialist from an emergency crew works on a residential building in Donetsk that was damaged in recent shelling. Reuters
  • A missile fragment left by shelling in Russian-controlled Donetsk. AP
    A missile fragment left by shelling in Russian-controlled Donetsk. AP
  • Residents remove debris and carry their belongings out of a building destroyed by recent shelling in Donetsk, Russian-controlled Ukraine. Reuters
    Residents remove debris and carry their belongings out of a building destroyed by recent shelling in Donetsk, Russian-controlled Ukraine. Reuters
  • Ukrainian forces fire an anti-aircraft weapon as Russia's attack on the frontline city of Bakhmut continues. Reuters
    Ukrainian forces fire an anti-aircraft weapon as Russia's attack on the frontline city of Bakhmut continues. Reuters
  • A car drives past a destroyed building purported to have been used as temporary accommodation for Russian soldiers, dozens of whom were killed in a Ukrainian missile strike in Makiivka, Russian-controlled Ukraine. Reuters
    A car drives past a destroyed building purported to have been used as temporary accommodation for Russian soldiers, dozens of whom were killed in a Ukrainian missile strike in Makiivka, Russian-controlled Ukraine. Reuters
  • The site of a temporary barracks for Russian soldiers in Makiivka, which was destroyed in a Ukrainian missile attack. Reuters
    The site of a temporary barracks for Russian soldiers in Makiivka, which was destroyed in a Ukrainian missile attack. Reuters
  • A Ukrainian serviceman carries his injured comrade from the battlefield to a hospital in the Donetsk region. AP
    A Ukrainian serviceman carries his injured comrade from the battlefield to a hospital in the Donetsk region. AP
  • Smoke rises after shelling in Soledar, the site of heavy battles with Russian forces in the Donetsk region. AP
    Smoke rises after shelling in Soledar, the site of heavy battles with Russian forces in the Donetsk region. AP

Last week Latvia, Lithuania, Estonia and Poland all voiced their opposition to the inclusion of athletes from Russia and Belarus.

The IOC has been working with international sports federations and national Olympic committees to develop a pathway enabling athletes from Russia and its ally to compete in Paris as neutrals under strict conditions, because of Russian President Vladimir Putin’s invasion of Ukraine.

Putin 'planning for a long war' in Ukraine, says Nato chief — video

“President Zelenskyy told the UK in Parliament this week of the suffering still being felt by many Ukrainians," Ms Frazer said.

“As he did so, the IOC was continuing to ignore the international allies stepping up their efforts for peace and disregard how the Olympics will give Putin the perfect platform to promote Russia and legitimise his illegal war.

“We’re approaching a year since this barbaric invasion began. We must urge the IOC to show that the Olympic values mean something.

“We must make clear there are consequences to this illegal invasion.

“We cannot allow Russian athletes to line up alongside Team GB and everyone else on the world stage.”

IOC president Thomas Bach has told Ukraine that its calls for a boycott of the 2024 Paris Games over the possible participation of Russian competitors goes against Olympic "principles".

In a letter to the Ukrainian National Olympic Committee revealed on Thursday, Mr Bach said the country's attempts to pressure other countries to boycott the 2024 Games was "extremely regrettable".

"Threatening a boycott of the Olympic Games which, as you inform me, the NOC of Ukraine is currently considering, goes against the fundamentals of the Olympic Movement and the principles we stand for," he said in the letter to Ukraine's Olympic chief, Vadym Goutzeit.

Mr Bach said the participation of Russian and Belarusian athletes had "not even been discussed in concrete terms yet".

"Therefore, your letter at this premature stage to your fellow NOCs, to the International Federations, IOC members and to future Olympic hosts, pressuring them in an attempt to publicly influence their decision-making, has been perceived by the vast majority of them as, at the very least, extremely regrettable," he said.

Mr Bach also criticised "defamatory statements" made by some Ukraine officials who accused the IOC of being a "promoter of war, murder and destruction".

Rankings

ATP: 1. Novak Djokovic (SRB) 10,955 pts; 2. Rafael Nadal (ESP) 8,320; 3. Alexander Zverev (GER) 6,475 ( 1); 5. Juan Martin Del Potro (ARG) 5,060 ( 1); 6. Kevin Anderson (RSA) 4,845 ( 1); 6. Roger Federer (SUI) 4,600 (-3); 7. Kei Nishikori (JPN) 4,110 ( 2); 8. Dominic Thiem (AUT) 3,960; 9. John Isner (USA) 3,155 ( 1); 10. Marin Cilic (CRO) 3,140 (-3)

WTA: 1. Naomi Osaka (JPN) 7,030 pts ( 3); 2. Petra Kvitova (CZE) 6,290 ( 4); 3. Simona Halep (ROM) 5,582 (-2); 4. Sloane Stephens (USA) 5,307 ( 1); 5. Karolina Pliskova (CZE) 5,100 ( 3); 6. Angelique Kerber (GER) 4,965 (-4); 7. Elina Svitolina (UKR) 4,940; 8. Kiki Bertens (NED) 4,430 ( 1); 9. Caroline Wozniacki (DEN) 3,566 (-6); 10. Aryna Sabalenka (BLR) 3,485 ( 1)

Can NRIs vote in the election?

Indians residing overseas cannot cast their ballot abroad

Non-resident Indians or NRIs can vote only by going to a polling booth in their home constituency

There are about 3.1 million NRIs living overseas

Indians have urged political parties to extend the right to vote to citizens residing overseas

A committee of the Election Commission of India approved of proxy voting for non-resident Indians

Proxy voting means that a person can authorise someone residing in the same polling booth area to cast a vote on his behalf.

This option is currently available for the armed forces, police and government officials posted outside India

A bill was passed in the lower house of India’s parliament or the Lok Sabha to extend proxy voting to non-resident Indians

However, this did not come before the upper house or Rajya Sabha and has lapsed

The issue of NRI voting draws a huge amount of interest in India and overseas

Over the past few months, Indians have received messages on mobile phones and on social media claiming that NRIs can cast their votes online

The Election Commission of India then clarified that NRIs could not vote online

The Election Commission lodged a complaint with the Delhi Police asking it to clamp down on the people spreading misinformation

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MATCH INFO

Uefa Champions League quarter-final second leg:

Juventus 1 Ajax 2

Ajax advance 3-2 on aggregate

MATCH INFO

Manchester City 2 (Mahrez 04', Ake 84')

Leicester City 5 (Vardy 37' pen, 54', 58' pen, Maddison 77', Tielemans 88' pen)

Man of the match: Jamie Vardy (Leicester City)

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Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

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Electric scooters: some rules to remember
  • Riders must be 14-years-old or over
  • Wear a protective helmet
  • Park the electric scooter in designated parking lots (if any)
  • Do not leave electric scooter in locations that obstruct traffic or pedestrians
  • Solo riders only, no passengers allowed
  • Do not drive outside designated lanes
Match info

Athletic Bilbao 0

Real Madrid 1 (Ramos 73' pen)

What can victims do?

Always use only regulated platforms

Stop all transactions and communication on suspicion

Save all evidence (screenshots, chat logs, transaction IDs)

Report to local authorities

Warn others to prevent further harm

Courtesy: Crystal Intelligence

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  • Priority access to new homes from participating developers
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  • Mortgages with better interest rates, faster approval times and reduced fees
  • DLD registration fee can be paid through banks or credit cards at zero interest rates
How does ToTok work?

The calling app is available to download on Google Play and Apple App Store

To successfully install ToTok, users are asked to enter their phone number and then create a nickname.

The app then gives users the option add their existing phone contacts, allowing them to immediately contact people also using the application by video or voice call or via message.

Users can also invite other contacts to download ToTok to allow them to make contact through the app.

 

Updated: February 09, 2023, 11:28 PM