Live updates: follow the latest news on Russia-Ukraine
Russia scored an early point in the “battle for the Donbas” by capturing the city of Kreminna hours after the major offensive was launched, amid a warning from the Kremlin to western nations that arming Ukraine risked prolonging the war.
Sergei Shoigu, the Russian defence minister, said forces were “methodically carrying out” orders to “liberate” the two breakaway regions of Donetsk and Luhansk.
Hours after Ukrainian President Volodymyr Zelenskyy announced the beginning of the offensive in an overnight video address, the regional governor of Luhansk said Kreminna had fallen. The city, 660 kilometres east of Kyiv had a pre-war population of more than 18,000.
“Kreminna is under the control of the 'Orcs' [Russians]. They have entered the city,” Sergiy Gaiday, the governor of the Luhansk region, told a briefing. “Our defenders had to withdraw. They have entrenched themselves in new positions and continue to fight the Russian army.”
He did not specify exactly when the Russians wrested control of the city from Ukrainian forces but said they had attacked “from all sides".
“It is impossible to calculate the number of dead among the civilian population. We have official statistics — about 200 dead — but in reality there are many more,” he said, without saying what period the estimated death toll covered.
The Donbas region has been a focal point of Russia’s campaign to destabilise Ukraine since 2014, when the Kremlin began using proxies to set up separatist “people's republics” in Luhansk and Donetsk.
Mr Shoigu warned Ukraine’s allies against sending further weapons supplies to the former Soviet nation before a virtual meeting between the leaders of the G7, Nato and the EU. The videoconference called by US President Joe Biden scheduled for Tuesday afternoon is expected to focus on sending heavy weapons to try to boost Kyiv’s chances of defeating the Russians.
“The plan to liberate the Donetsk and Luhansk People's Republics is being methodically carried out,” Mr Shoigu was quoted by the RIA news agency as saying, at a meeting of defence officials.
Western countries have given Ukraine military equipment worth billions of dollars, with the US alone offering aid worth more than $2.5 billion (£1.9 billion).
“The United States and western countries it controls are doing everything to drag out the special military operation as much as possible,” Mr Shoigu said. “The increasing volume of foreign arms supplies clearly demonstrates their intentions to provoke the Kyiv regime to fight to the last Ukrainian standing.”
Moscow refers to the war in Ukraine as a “special military operation” designed to demilitarise the neighbouring country and remove what it calls dangerous nationalists.
Kyiv and its western allies reject that as a false pretext for an unprovoked attack that has forced almost 5 million people to flee abroad and internally displaced about 7 million.
On Tuesday, day 55 of the invasion, French finance minister Bruno Le Maire said a ban on Russian oil imports was needed “more than ever”. There has been heated debate within the energy-dependent bloc about the merits of restricting flows.
Mr Le Maire told Europe 1 radio that France hoped to convince EU partners “in coming weeks” to stop oil imports from Russia and said such a move should be prioritised over a ban on gas.
However, a full and immediate ban on Russian oil could push the price of crude to $185 a barrel, JP Morgan said in a report.
Mr Le Maire acknowledged that not all of the EU’s 27 member states seemed to be in favour of an oil ban.
“We are trying to convince our European partners to stop importing oil from Russia. What has been the primary source of currency for Vladimir Putin for several years? It is not gas. It is oil,” he said.
European leaders in March distanced themselves from US efforts to ban Russian oil imports. Days later President Biden issued an executive order banning the import of oil, gas and other energy products from Russia.
The UK on Tuesday moved to further hamper the Russian economy, following several rounds of sanctions against individuals, banks and businesses.
Its tax authority, HM Revenue and Customs, announced plans to revoke the Moscow Stock Exchange’s status as a recognised stock exchange in response to the invasion.
The move would remove some tax relief for investors.
“Revoking Moscow Stock Exchange’s recognised status sends a clear message — there is no case for new investments in Russia,” said Lucy Frazer, the UK's Financial Secretary to the Treasury.
A senior national security official gave UK Prime Minister Boris Johnson and his cabinet an update on the situation in Ukraine, a spokesman for Mr Johnson said on Tuesday.
The offensive in the Donbas was likely to be prolonged and bloody, the spokesman said.
“The next phase of the war was likely to be an attritional conflict that could last several months,” he said.
“Russia would aim to exploit its troop number advantage, but Ukraine had already shown that this was unlikely to be decisive on its own.
“There were some signs that Russia had not learnt lessons from previous setbacks in northern Ukraine, and there was evidence of troops being committed to the fight in a piecemeal fashion.”
Russia announced a string of retaliatory measures against European nations on Tuesday, banning 15 diplomats from its territory. The announcement came after several European nations expelled Russia’s representatives.
The Russian foreign ministry declared 15 diplomats from the Netherlands “persona non grata”, giving them two weeks to leave, and gave the same deadline to Belgium's embassy staff.
Brussels in March expelled 21 Russian envoys and Moscow said at the time it would retaliate by following the “principle of reciprocity”. However, it did not make clear how many Belgian staff it was expelling.
The Russian government also gave four Austrian diplomats until Sunday to leave Russia. Moscow's announcement came a week after Austrian Chancellor Karl Nehammer became the first European leader to visit Mr Putin since he ordered his troops into Ukraine.
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T20 World Cup Qualifier
October 18 – November 2
Opening fixtures
Friday, October 18
ICC Academy: 10am, Scotland v Singapore, 2.10pm, Netherlands v Kenya
Zayed Cricket Stadium: 2.10pm, Hong Kong v Ireland, 7.30pm, Oman v UAE
UAE squad
Ahmed Raza (captain), Rohan Mustafa, Ashfaq Ahmed, Rameez Shahzad, Darius D’Silva, Mohammed Usman, Mohammed Boota, Zawar Farid, Ghulam Shabber, Junaid Siddique, Sultan Ahmed, Imran Haider, Waheed Ahmed, Chirag Suri, Zahoor Khan
Players out: Mohammed Naveed, Shaiman Anwar, Qadeer Ahmed
Players in: Junaid Siddique, Darius D’Silva, Waheed Ahmed
J%20Street%20Polling%20Results
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The winners
Fiction
- ‘Amreekiya’ by Lena Mahmoud
- ‘As Good As True’ by Cheryl Reid
The Evelyn Shakir Non-Fiction Award
- ‘Syrian and Lebanese Patricios in Sao Paulo’ by Oswaldo Truzzi; translated by Ramon J Stern
- ‘The Sound of Listening’ by Philip Metres
The George Ellenbogen Poetry Award
- ‘Footnotes in the Order of Disappearance’ by Fady Joudah
Children/Young Adult
- ‘I’ve Loved You Since Forever’ by Hoda Kotb
Benefits of first-time home buyers' scheme
- Priority access to new homes from participating developers
- Discounts on sales price of off-plan units
- Flexible payment plans from developers
- 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 to protect yourself when air quality drops
Install an air filter in your home.
Close your windows and turn on the AC.
Shower or bath after being outside.
Wear a face mask.
Stay indoors when conditions are particularly poor.
If driving, turn your engine off when stationary.
Company profile
Date started: January, 2014
Founders: Mike Dawson, Varuna Singh, and Benita Rowe
Based: Dubai
Sector: Education technology
Size: Five employees
Investment: $100,000 from the ExpoLive Innovation Grant programme in 2018 and an initial $30,000 pre-seed investment from the Turn8 Accelerator in 2014. Most of the projects are government funded.
Partners/incubators: Turn8 Accelerator; In5 Innovation Centre; Expo Live Innovation Impact Grant Programme; Dubai Future Accelerators; FHI 360; VSO and Consult and Coach for a Cause (C3)
Dhadak 2
Director: Shazia Iqbal
Starring: Siddhant Chaturvedi, Triptii Dimri
Rating: 1/5
Various Artists
Habibi Funk: An Eclectic Selection Of Music From The Arab World (Habibi Funk)
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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Silent Hill f
Publisher: Konami
Platforms: PlayStation 5, Xbox Series X/S, PC
Rating: 4.5/5
Day 1, Dubai Test: At a glance
Moment of the day Sadeera Samarawickrama set pulses racing with his strokeplay on his introduction to Test cricket. It reached a feverish peak when he stepped down the wicket and launched Yasir Shah, who many regard as the world’s leading spinner, back over his head for six. No matter that he was out soon after: it felt as though the future had arrived.
Stat of the day - 5 The last time Sri Lanka played a Test in Dubai – they won here in 2013 – they had four players in their XI who were known as wicketkeepers. This time they have gone one better. Each of Dinesh Chandimal, Kaushal Silva, Samarawickrama, Kusal Mendis, and Niroshan Dickwella – the nominated gloveman here – can keep wicket.
The verdict Sri Lanka want to make history by becoming the first team to beat Pakistan in a full Test series in the UAE. They could not have made a better start, first by winning the toss, then by scoring freely on an easy-paced pitch. The fact Yasir Shah found some turn on Day 1, too, will have interested their own spin bowlers.
WOMAN AND CHILD
Director: Saeed Roustaee
Starring: Parinaz Izadyar, Payman Maadi
Rating: 4/5
Asia Cup 2018 Qualifier
Sunday's results:
- UAE beat Malaysia by eight wickets
- Nepal beat Singapore by four wickets
- Oman v Hong Kong, no result
Tuesday fixtures:
- Malaysia v Singapore
- UAE v Oman
- Nepal v Hong Kong
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