Andrew Tate, right, and Tristan Tate are escorted by police after a hearing at the Bucharest Court of Appeal. EPA
Andrew Tate, right, and Tristan Tate are escorted by police after a hearing at the Bucharest Court of Appeal. EPA
Andrew Tate, right, and Tristan Tate are escorted by police after a hearing at the Bucharest Court of Appeal. EPA
Andrew Tate, right, and Tristan Tate are escorted by police after a hearing at the Bucharest Court of Appeal. EPA

Romanian court rejects Andrew Tate's detention appeal


Soraya Ebrahimi
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Divisive internet personality Andrew Tate and his brother Tristan had an appeal against their detention rejected by a Romanian court on Monday.

Prosecutors are investigating the two brothers — who have been in police custody since December 29 — and two Romanian women for suspected human trafficking, rape and forming a criminal gang to sexually exploit women.

They have all denied the accusations.

The Tate brothers, who have dual US and British citizenship, have had their detention extended until the end of March.

Prosecutors can ask Romanian courts to extend suspects' detention for up to 180 days.

A court on February 21 ruled the two female suspects, Georgiana Naghel and Luana Radu, should be placed under house arrest when their current arrest warrant expires on Monday.

The brothers' lawyers had argued against their continued detention, saying prosecutors had not given new evidence or brought new charges.

Andrew Tate arrested in Romania over human trafficking case — video

Judges have previously said the brothers posed a flight risk and their release could jeopardise the investigation.

Andrew Tate, a former professional kickboxer from Luton in southern England, has millions of followers online and he promotes a luxury lifestyle from wealth he says he earned from investments including a pornographic webcam business.

He gained mainstream notoriety for misogynistic remarks that got him banned from all major social media platforms, although Twitter reinstated his account after Elon Musk bought the company last year.

Andrew Tate detained in Romania — in pictures

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Retirement funds heavily invested in equities at a risky time

Pension funds in growing economies in Asia, Latin America and the Middle East have a sharply higher percentage of assets parked in stocks, just at a time when trade tensions threaten to derail markets.

Retirement money managers in 14 geographies now allocate 40 per cent of their assets to equities, an 8 percentage-point climb over the past five years, according to a Mercer survey released last week that canvassed government, corporate and mandatory pension funds with almost $5 trillion in assets under management. That compares with about 25 per cent for pension funds in Europe.

The escalating trade spat between the US and China has heightened fears that stocks are ripe for a downturn. With tensions mounting and outcomes driven more by politics than economics, the S&P 500 Index will be on course for a “full-scale bear market” without Federal Reserve interest-rate cuts, Citigroup’s global macro strategy team said earlier this week.

The increased allocation to equities by growth-market pension funds has come at the expense of fixed-income investments, which declined 11 percentage points over the five years, according to the survey.

Hong Kong funds have the highest exposure to equities at 66 per cent, although that’s been relatively stable over the period. Japan’s equity allocation jumped 13 percentage points while South Korea’s increased 8 percentage points.

The money managers are also directing a higher portion of their funds to assets outside of their home countries. On average, foreign stocks now account for 49 per cent of respondents’ equity investments, 4 percentage points higher than five years ago, while foreign fixed-income exposure climbed 7 percentage points to 23 per cent. Funds in Japan, South Korea, Malaysia and Taiwan are among those seeking greater diversification in stocks and fixed income.

• Bloomberg

Women’s World T20, Asia Qualifier

UAE results
Beat China by 16 runs
Lost to Thailand by 10 wickets
Beat Nepal by five runs
Beat Hong Kong by eight wickets
Beat Malaysia by 34 runs

Standings (P, W, l, NR, points)

1. Thailand 5 4 0 1 9
2. UAE 5 4 1 0 8
3. Nepal 5 2 1 2 6
4. Hong Kong 5 2 2 1 5
5. Malaysia 5 1 4 0 2
6. China 5 0 5 0 0

Final
Thailand v UAE, Monday, 7am

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Infobox

Western Region Asia Cup Qualifier, Al Amerat, Oman

The two finalists advance to the next stage of qualifying, in Malaysia in August

Results

UAE beat Iran by 10 wickets

Kuwait beat Saudi Arabia by eight wickets

Oman beat Bahrain by nine wickets

Qatar beat Maldives by 106 runs

Monday fixtures

UAE v Kuwait, Iran v Saudi Arabia, Oman v Qatar, Maldives v Bahrain

JUDAS AND THE BLACK MESSIAH

Directed by: Shaka King

Starring: Daniel Kaluuya, Lakeith Stanfield, Jesse Plemons

Four stars

Updated: February 27, 2023, 11:53 PM