A damaged part of the Azovstal Iron and Steel Works in the southern port city of Mariupol, Ukraine, on May 3. Reuters
A damaged part of the Azovstal Iron and Steel Works in the southern port city of Mariupol, Ukraine, on May 3. Reuters
A damaged part of the Azovstal Iron and Steel Works in the southern port city of Mariupol, Ukraine, on May 3. Reuters
A damaged part of the Azovstal Iron and Steel Works in the southern port city of Mariupol, Ukraine, on May 3. Reuters

Zelenskyy asks UN chief to help 'save' wounded from Mariupol plant


Soraya Ebrahimi
  • English
  • Arabic

Ukrainian President Volodymyr Zelenskyy on Wednesday asked the head of the UN to help save the lives of the remaining wounded Ukrainians trapped underneath the giant Azovstal steel plant in Mariupol.

"The lives of the people who remain there are in danger," Mr Zelenskyy told UN Secretary General Antonio Guterres by phone, after thanking him for a successful evacuation this week.

"Everyone is important to us. We ask for your help in saving them."

He called on the UN to "assist in the removal of all the wounded from Azovstal".

Ukraine said on Wednesday that there were fierce battles with Russian troops at the plant, where Ukrainian soldiers had been holed up with civilians for weeks.

Mr Zelenskyy said this week's evacuations, led by the UN and Red Cross, moved more than 100 people trapped in the Azovstal plant to safety, showing the world "that international organisations can be effective".

  • Family members mourn at the graveside of soldier Yuri Varyanytsia during the burial of three soldiers in the Field of Mars at Lychakiv cemetery in Lviv, Ukraine. Getty Images
    Family members mourn at the graveside of soldier Yuri Varyanytsia during the burial of three soldiers in the Field of Mars at Lychakiv cemetery in Lviv, Ukraine. Getty Images
  • A pedestrian takes a picture as she walks past the wreckage of a Russian armoured vehicle outside the National Museum of Military History of Ukraine in Kyiv. AFP
    A pedestrian takes a picture as she walks past the wreckage of a Russian armoured vehicle outside the National Museum of Military History of Ukraine in Kyiv. AFP
  • A man rides his bicycle over a heavily damaged bridge near Pechenegi village in the Kharkiv region, amid the Russian invasion of Ukraine. AFP
    A man rides his bicycle over a heavily damaged bridge near Pechenegi village in the Kharkiv region, amid the Russian invasion of Ukraine. AFP
  • Pro-Russian troops fire from a tank near the Azovstal steel plant in Mariupol. Reuters
    Pro-Russian troops fire from a tank near the Azovstal steel plant in Mariupol. Reuters
  • Workers sew uniforms and material for flack jackets at a military clothing factory in Kryvyi Rih, Ukraine. Getty Images
    Workers sew uniforms and material for flack jackets at a military clothing factory in Kryvyi Rih, Ukraine. Getty Images
  • A dog provides company at a flat damaged by a missile attack in Kramatorsk, eastern Ukraine. AFP
    A dog provides company at a flat damaged by a missile attack in Kramatorsk, eastern Ukraine. AFP
  • Patron, a dog trained by Ukrainian forces to sniff out explosives, near Kyiv. EPA
    Patron, a dog trained by Ukrainian forces to sniff out explosives, near Kyiv. EPA
  • Lone skater Roman Kovalenko, 18, amid the damage at Peace Square in Kramatorsk, eastern Ukraine. All of his friends have fled. AFP
    Lone skater Roman Kovalenko, 18, amid the damage at Peace Square in Kramatorsk, eastern Ukraine. All of his friends have fled. AFP
  • A Ukrainian sapper carries unexploded materiel during demining works at an airport in the town of Hostomel, north-west of Kyiv. AFP
    A Ukrainian sapper carries unexploded materiel during demining works at an airport in the town of Hostomel, north-west of Kyiv. AFP
  • Shelling of the Azovstal steel plant complex in Mariupol. Reuters
    Shelling of the Azovstal steel plant complex in Mariupol. Reuters
  • Violinist Irene Duval rehearses before a fundraiser to support Ukrainians arriving in the UK, at the Ukrainian Catholic Cathedral in London. PA
    Violinist Irene Duval rehearses before a fundraiser to support Ukrainians arriving in the UK, at the Ukrainian Catholic Cathedral in London. PA
  • A serviceman stands guard at the destroyed Ukrainian Antonov An-225 'Mriya' cargo aircraft in Hostomel. AFP
    A serviceman stands guard at the destroyed Ukrainian Antonov An-225 'Mriya' cargo aircraft in Hostomel. AFP
  • Galina Malets falls to her knees before the funeral service for her brother, fallen soldier Igor Malets, 59, in Lviv. Getty
    Galina Malets falls to her knees before the funeral service for her brother, fallen soldier Igor Malets, 59, in Lviv. Getty
  • Explosions at the Azovstal steel plant in besieged Mariupol, where Ukrainian forces continue to hold out against Russian invaders. AFP
    Explosions at the Azovstal steel plant in besieged Mariupol, where Ukrainian forces continue to hold out against Russian invaders. AFP
  • A Ukrainian woman collects her belongings after her apartment was damaged by a missile explosion in Kramatorsk, eastern Ukraine. AFP
    A Ukrainian woman collects her belongings after her apartment was damaged by a missile explosion in Kramatorsk, eastern Ukraine. AFP
  • An apartment block damaged by a missile explosion in Kramatorsk, eastern Ukraine. AFP
    An apartment block damaged by a missile explosion in Kramatorsk, eastern Ukraine. AFP
  • Devastation around an apartment block hit by a missile in Kramatorsk, eastern Ukraine. AFP
    Devastation around an apartment block hit by a missile in Kramatorsk, eastern Ukraine. AFP
  • Ukrainian men at the site of a missile explosion in Kramatorsk, eastern Ukraine. AFP
    Ukrainian men at the site of a missile explosion in Kramatorsk, eastern Ukraine. AFP
  • An elderly refugee from Avdiivka, eastern Ukraine, at a lunch provided by church group Awakening in Pokrovsk. AFP
    An elderly refugee from Avdiivka, eastern Ukraine, at a lunch provided by church group Awakening in Pokrovsk. AFP
  • Natalia Rudneva, 59, was injured in overnight shelling in Kramatorsk, Ukraine, that put her son in hospital. AP
    Natalia Rudneva, 59, was injured in overnight shelling in Kramatorsk, Ukraine, that put her son in hospital. AP
  • Shocked occupants of an apartment building in Kramatorsk, Donbas, that was destroyed by overnight shelling . AP
    Shocked occupants of an apartment building in Kramatorsk, Donbas, that was destroyed by overnight shelling . AP
  • A man outside his house in Mariupol, in territory under the government of the so-called Donetsk People's Republic, eastern Ukraine. The sign reads 'Bomb shelter, children'. AP
    A man outside his house in Mariupol, in territory under the government of the so-called Donetsk People's Republic, eastern Ukraine. The sign reads 'Bomb shelter, children'. AP
  • A woman passes Donetsk People's Republic militia tanks in Mariupol, eastern Ukraine. AP
    A woman passes Donetsk People's Republic militia tanks in Mariupol, eastern Ukraine. AP
  • A refugee camp outside Mariupol, in territory controlled by the government of the so-called Donetsk People's Republic. AP
    A refugee camp outside Mariupol, in territory controlled by the government of the so-called Donetsk People's Republic. AP
  • The damaged St Godmothers Cover Church next to a bullet-riddled Ukrainian flag in Malyn, Ukraine. Getty Images
    The damaged St Godmothers Cover Church next to a bullet-riddled Ukrainian flag in Malyn, Ukraine. Getty Images
  • St Godmothers Cover Church, in Malyn, Ukraine. Getty Images
    St Godmothers Cover Church, in Malyn, Ukraine. Getty Images
  • The ruins of an apartment building in Borodianka, Ukraine. Getty Images
    The ruins of an apartment building in Borodianka, Ukraine. Getty Images
  • Firefighters from the self-declared Donetsk People Republic Emergency Situations Ministry battle a blaze at an oil depot after missiles struck the facility in an area controlled by Russian-backed separatist forces in Makiivka, 15 kilometres east of Donetsk, eastern Ukraine. AP
    Firefighters from the self-declared Donetsk People Republic Emergency Situations Ministry battle a blaze at an oil depot after missiles struck the facility in an area controlled by Russian-backed separatist forces in Makiivka, 15 kilometres east of Donetsk, eastern Ukraine. AP
  • People wait for Ukrainian President Volodymyr Zelenskyy to begin a speech televised on a screen in City Hall Square in Copenhagen, Denmark. Reuters
    People wait for Ukrainian President Volodymyr Zelenskyy to begin a speech televised on a screen in City Hall Square in Copenhagen, Denmark. Reuters
  • An aerial view of the destroyed Hotel Ukraine in the northern city of Chernigiv. AFP
    An aerial view of the destroyed Hotel Ukraine in the northern city of Chernigiv. AFP
  • A woman who recently lost her husband arrives with her dog at a charity centre in Pokrovsk, eastern Ukraine. AFP
    A woman who recently lost her husband arrives with her dog at a charity centre in Pokrovsk, eastern Ukraine. AFP
  • A family of Ukrainian evacuees near a donation collection point in Zaporizhzhia, Ukraine. Reuters
    A family of Ukrainian evacuees near a donation collection point in Zaporizhzhia, Ukraine. Reuters
  • The ruins of a residential building in the northern Ukrainian city of Chernigiv, which was heavily damaged during the Russian invasion. AFP
    The ruins of a residential building in the northern Ukrainian city of Chernigiv, which was heavily damaged during the Russian invasion. AFP
  • People pay their respects during the funeral for Ukrainian serviceman Ruslan Borovyk in St Michael's Cathedral in Kyiv. AP
    People pay their respects during the funeral for Ukrainian serviceman Ruslan Borovyk in St Michael's Cathedral in Kyiv. AP
  • Crew chiefs and engineers with the 158th Fighter Wing meet before launching F-35A Lightning II fifth-generation aircraft at the Vermont Air National Guard Base, South Burlington, US. More than 200 Vermont air guard personnel, plus equipment and eight F-35s, are now in Europe. AP
    Crew chiefs and engineers with the 158th Fighter Wing meet before launching F-35A Lightning II fifth-generation aircraft at the Vermont Air National Guard Base, South Burlington, US. More than 200 Vermont air guard personnel, plus equipment and eight F-35s, are now in Europe. AP
  • Svitlana, 36, holds her sons Artem, 7, and Kyrylo, 5, while sheltering in a kindergarten in Kryvyi Rih, Ukraine. Getty Images
    Svitlana, 36, holds her sons Artem, 7, and Kyrylo, 5, while sheltering in a kindergarten in Kryvyi Rih, Ukraine. Getty Images
  • Men report to enlist in Ukrainian Territorial Defence Force units in Kryvyi Rih, Ukraine. Getty Images
    Men report to enlist in Ukrainian Territorial Defence Force units in Kryvyi Rih, Ukraine. Getty Images
  • A burning oil storage unit on the outskirts of Donetsk, Ukraine. Reuters
    A burning oil storage unit on the outskirts of Donetsk, Ukraine. Reuters
  • Russian MiG-29SMT jet fighters, forming the symbol Z in support of Russian military action in Ukraine, fly over Red Square in Moscow during a rehearsal for the Second World War Victory Parade on May 9, 2022. AFP
    Russian MiG-29SMT jet fighters, forming the symbol Z in support of Russian military action in Ukraine, fly over Red Square in Moscow during a rehearsal for the Second World War Victory Parade on May 9, 2022. AFP
  • A warehouse after shelling in Severodonetsk, as fighting rages across Ukraine's east after a US warning that Moscow is preparing to formally annex eastern regions. AFP
    A warehouse after shelling in Severodonetsk, as fighting rages across Ukraine's east after a US warning that Moscow is preparing to formally annex eastern regions. AFP
  • Katya, 11, waits for her mother's treatment to end at the Severodonetsk Hospital in Severodonetsk. AFP
    Katya, 11, waits for her mother's treatment to end at the Severodonetsk Hospital in Severodonetsk. AFP
  • Antonina, 60, at a funeral home where she works and now lives with neighbours in Severodonetsk. AFP
    Antonina, 60, at a funeral home where she works and now lives with neighbours in Severodonetsk. AFP
  • A Russian serviceman patrols a street near the sea port of Berdyansk, Ukraine. AFP
    A Russian serviceman patrols a street near the sea port of Berdyansk, Ukraine. AFP
  • A woman during the rally in front of Ukraine President Volodymyr Zelenskyy's office in Kyiv. AFP
    A woman during the rally in front of Ukraine President Volodymyr Zelenskyy's office in Kyiv. AFP
  • Svitlana Karpenko, 53, at what is left of her house in Sloboda, Chernihiv region, Ukraine. She said it was destroyed by shelling. Reuters
    Svitlana Karpenko, 53, at what is left of her house in Sloboda, Chernihiv region, Ukraine. She said it was destroyed by shelling. Reuters
  • The turret from a destroyed Russian tank stuck in the ground in Zalissia, Kyiv region, Ukraine. Reuters
    The turret from a destroyed Russian tank stuck in the ground in Zalissia, Kyiv region, Ukraine. Reuters
  • Lyubov Lenko, 61, in front of her house in Budy, Chernihiv region, Ukraine, that she says was destroyed by shelling. Reuters
    Lyubov Lenko, 61, in front of her house in Budy, Chernihiv region, Ukraine, that she says was destroyed by shelling. Reuters
  • Nina Stefuryak, 2, playing in a park in front of a building destroyed by shelling in Borodianka, Kyiv region, Ukraine. Reuters
    Nina Stefuryak, 2, playing in a park in front of a building destroyed by shelling in Borodianka, Kyiv region, Ukraine. Reuters
  • Mealtime at a centre for displaced people in Zaporizhzhia. AP
    Mealtime at a centre for displaced people in Zaporizhzhia. AP
  • Volunteers assist a man after his arrival from Mariupol at a centre for displaced people in Zaporizhzhia. AP
    Volunteers assist a man after his arrival from Mariupol at a centre for displaced people in Zaporizhzhia. AP
  • People disembark a van to be registered by police after arriving in Zaporizhzhia. Getty Images
    People disembark a van to be registered by police after arriving in Zaporizhzhia. Getty Images
  • Firefighters damp down the ashes of a fire that destroyed a children's play area in Gorky Park in Kharkiv, Ukraine. EPA
    Firefighters damp down the ashes of a fire that destroyed a children's play area in Gorky Park in Kharkiv, Ukraine. EPA
  • A woman touches a piano as she inspects the damage in a classroom after shelling at Kharkiv National Kotlyarevsky University of Arts. EPA
    A woman touches a piano as she inspects the damage in a classroom after shelling at Kharkiv National Kotlyarevsky University of Arts. EPA
  • US President Joe Biden and Lockheed Martin chief executive Jim Taiclet with Javelin anti-tank missile assembly workers during a tour of a Lockheed Martin weapons factory in Troy, Alabama, US. Reuters
    US President Joe Biden and Lockheed Martin chief executive Jim Taiclet with Javelin anti-tank missile assembly workers during a tour of a Lockheed Martin weapons factory in Troy, Alabama, US. Reuters
  • Residents collect humanitarian aid in Borodyanka, Ukraine. Getty Images
    Residents collect humanitarian aid in Borodyanka, Ukraine. Getty Images

He "expressed hope for a successful continuation of the ongoing evacuation operation".

Moscow, which has denied it was storming the plant, said its forces would cease fire there to open a humanitarian corridor for civilians for three days starting on Thursday.

"The Russian armed forces will, from 8am to 6pm on May 5, 6 and 7, open a humanitarian corridor from the territory of the Azovstal metallurgical plant to evacuate civilians," the defence ministry said on Wednesday.

Civilians sheltering at the plant will be allowed to travel to Russia or Kyiv-controlled territory, the ministry said.

RESULTS
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The%20specs%3A%202024%20Mercedes%20E200
%3Cp%3E%3Cstrong%3EEngine%3A%20%3C%2Fstrong%3E2.0-litre%20four-cyl%20turbo%20%2B%20mild%20hybrid%0D%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E204hp%20at%205%2C800rpm%20%2B23hp%20hybrid%20boost%0D%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E320Nm%20at%201%2C800rpm%20%2B205Nm%20hybrid%20boost%0D%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3E9-speed%20auto%0D%3Cbr%3E%3Cstrong%3EFuel%20consumption%3A%20%3C%2Fstrong%3E7.3L%2F100km%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3ENovember%2FDecember%0D%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3EFrom%20Dh205%2C000%20(estimate)%3C%2Fp%3E%0A
UK’s AI plan
  • AI ambassadors such as MIT economist Simon Johnson, Monzo cofounder Tom Blomfield and Google DeepMind’s Raia Hadsell
  • £10bn AI growth zone in South Wales to create 5,000 jobs
  • £100m of government support for startups building AI hardware products
  • £250m to train new AI models
What is a Ponzi scheme?

A fraudulent investment operation where the scammer provides fake reports and generates returns for old investors through money paid by new investors, rather than through ligitimate business activities.

Strait of Hormuz

Fujairah is a crucial hub for fuel storage and is just outside the Strait of Hormuz, a vital shipping route linking Middle East oil producers to markets in Asia, Europe, North America and beyond.

The strait is 33 km wide at its narrowest point, but the shipping lane is just three km wide in either direction. Almost a fifth of oil consumed across the world passes through the strait.

Iran has repeatedly threatened to close the strait, a move that would risk inviting geopolitical and economic turmoil.

Last month, Iran issued a new warning that it would block the strait, if it was prevented from using the waterway following a US decision to end exemptions from sanctions for major Iranian oil importers.

Trump v Khan

2016: Feud begins after Khan criticised Trump’s proposed Muslim travel ban to US

2017: Trump criticises Khan’s ‘no reason to be alarmed’ response to London Bridge terror attacks

2019: Trump calls Khan a “stone cold loser” before first state visit

2019: Trump tweets about “Khan’s Londonistan”, calling him “a national disgrace”

2022:  Khan’s office attributes rise in Islamophobic abuse against the major to hostility stoked during Trump’s presidency

July 2025 During a golfing trip to Scotland, Trump calls Khan “a nasty person”

Sept 2025 Trump blames Khan for London’s “stabbings and the dirt and the filth”.

Dec 2025 Trump suggests migrants got Khan elected, calls him a “horrible, vicious, disgusting mayor”

The%20specs%20
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Teaching your child to save

Pre-school (three - five years)

You can’t yet talk about investing or borrowing, but introduce a “classic” money bank and start putting gifts and allowances away. When the child wants a specific toy, have them save for it and help them track their progress.

Early childhood (six - eight years)

Replace the money bank with three jars labelled ‘saving’, ‘spending’ and ‘sharing’. Have the child divide their allowance into the three jars each week and explain their choices in splitting their pocket money. A guide could be 25 per cent saving, 50 per cent spending, 25 per cent for charity and gift-giving.

Middle childhood (nine - 11 years)

Open a bank savings account and help your child establish a budget and set a savings goal. Introduce the notion of ‘paying yourself first’ by putting away savings as soon as your allowance is paid.

Young teens (12 - 14 years)

Change your child’s allowance from weekly to monthly and help them pinpoint long-range goals such as a trip, so they can start longer-term saving and find new ways to increase their saving.

Teenage (15 - 18 years)

Discuss mutual expectations about university costs and identify what they can help fund and set goals. Don’t pay for everything, so they can experience the pride of contributing.

Young adulthood (19 - 22 years)

Discuss post-graduation plans and future life goals, quantify expenses such as first apartment, work wardrobe, holidays and help them continue to save towards these goals.

* JP Morgan Private Bank 

Dates for the diary

To mark Bodytree’s 10th anniversary, the coming season will be filled with celebratory activities:

  • September 21 Anyone interested in becoming a certified yoga instructor can sign up for a 250-hour course in Yoga Teacher Training with Jacquelene Sadek. It begins on September 21 and will take place over the course of six weekends.
  • October 18 to 21 International yoga instructor, Yogi Nora, will be visiting Bodytree and offering classes.
  • October 26 to November 4 International pilates instructor Courtney Miller will be on hand at the studio, offering classes.
  • November 9 Bodytree is hosting a party to celebrate turning 10, and everyone is invited. Expect a day full of free classes on the grounds of the studio.
  • December 11 Yogeswari, an advanced certified Jivamukti teacher, will be visiting the studio.
  • February 2, 2018 Bodytree will host its 4th annual yoga market.
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. 

Read part four: an affection for classic cars lives on

Read part three: the age of the electric vehicle begins

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

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The specs

Engine: 2.0-litre 4cyl turbo

Power: 261hp at 5,500rpm

Torque: 405Nm at 1,750-3,500rpm

Transmission: 9-speed auto

Fuel consumption: 6.9L/100km

On sale: Now

Price: From Dh117,059

'My Son'

Director: Christian Carion

Starring: James McAvoy, Claire Foy, Tom Cullen, Gary Lewis

Rating: 2/5

Score

Third Test, Day 2

New Zealand 274
Pakistan 139-3 (61 ov)

Pakistan trail by 135 runs with 7 wickets remaining in the innings

Election pledges on migration

CDU: "Now is the time to control the German borders and enforce strict border rejections" 

SPD: "Border closures and blanket rejections at internal borders contradict the spirit of a common area of freedom" 

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Zimbabwe v UAE, ODI series

All matches at the Harare Sports Club:

1st ODI, Wednesday, April 10

2nd ODI, Friday, April 12

3rd ODI, Sunday, April 14

4th ODI, Tuesday, April 16

UAE squad: Mohammed Naveed (captain), Rohan Mustafa, Ashfaq Ahmed, Shaiman Anwar, Mohammed Usman, CP Rizwan, Chirag Suri, Mohammed Boota, Ghulam Shabber, Sultan Ahmed, Imran Haider, Amir Hayat, Zahoor Khan, Qadeer Ahmed

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Infiniti QX80 specs

Engine: twin-turbocharged 3.5-liter V6

Power: 450hp

Torque: 700Nm

Price: From Dh450,000, Autograph model from Dh510,000

Available: Now

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How Tesla’s price correction has hit fund managers

Investing in disruptive technology can be a bumpy ride, as investors in Tesla were reminded on Friday, when its stock dropped 7.5 per cent in early trading to $575.

It recovered slightly but still ended the week 15 per cent lower and is down a third from its all-time high of $883 on January 26. The electric car maker’s market cap fell from $834 billion to about $567bn in that time, a drop of an astonishing $267bn, and a blow for those who bought Tesla stock late.

The collapse also hit fund managers that have gone big on Tesla, notably the UK-based Scottish Mortgage Investment Trust and Cathie Wood’s ARK Innovation ETF.

Tesla is the top holding in both funds, making up a hefty 10 per cent of total assets under management. Both funds have fallen by a quarter in the past month.

Matt Weller, global head of market research at GAIN Capital, recently warned that Tesla founder Elon Musk had “flown a bit too close to the sun”, after getting carried away by investing $1.5bn of the company’s money in Bitcoin.

He also predicted Tesla’s sales could struggle as traditional auto manufacturers ramp up electric car production, destroying its first mover advantage.

AJ Bell’s Russ Mould warns that many investors buy tech stocks when earnings forecasts are rising, almost regardless of valuation. “When it works, it really works. But when it goes wrong, elevated valuations leave little or no downside protection.”

A Tesla correction was probably baked in after last year’s astonishing share price surge, and many investors will see this as an opportunity to load up at a reduced price.

Dramatic swings are to be expected when investing in disruptive technology, as Ms Wood at ARK makes clear.

Every week, she sends subscribers a commentary listing “stocks in our strategies that have appreciated or dropped more than 15 per cent in a day” during the week.

Her latest commentary, issued on Friday, showed seven stocks displaying extreme volatility, led by ExOne, a leader in binder jetting 3D printing technology. It jumped 24 per cent, boosted by news that fellow 3D printing specialist Stratasys had beaten fourth-quarter revenues and earnings expectations, seen as good news for the sector.

By contrast, computational drug and material discovery company Schrödinger fell 27 per cent after quarterly and full-year results showed its core software sales and drug development pipeline slowing.

Despite that setback, Ms Wood remains positive, arguing that its “medicinal chemistry platform offers a powerful and unique view into chemical space”.

In her weekly video view, she remains bullish, stating that: “We are on the right side of change, and disruptive innovation is going to deliver exponential growth trajectories for many of our companies, in fact, most of them.”

Ms Wood remains committed to Tesla as she expects global electric car sales to compound at an average annual rate of 82 per cent for the next five years.

She said these are so “enormous that some people find them unbelievable”, and argues that this scepticism, especially among institutional investors, “festers” and creates a great opportunity for ARK.

Only you can decide whether you are a believer or a festering sceptic. If it’s the former, then buckle up.

Updated: May 04, 2022, 10:26 PM