Giuseppe Conte, Italy's prime minister, delivers his maiden speech to the Senate flanked by his two deputy PMs, Luigi Di Maio, leader of the Five Star Movement, left, and League leader Matteo Salvini. Alessia Pierdomenico/Bloomberg
Giuseppe Conte, Italy's prime minister, delivers his maiden speech to the Senate flanked by his two deputy PMs, Luigi Di Maio, leader of the Five Star Movement, left, and League leader Matteo Salvini. Alessia Pierdomenico/Bloomberg
Giuseppe Conte, Italy's prime minister, delivers his maiden speech to the Senate flanked by his two deputy PMs, Luigi Di Maio, leader of the Five Star Movement, left, and League leader Matteo Salvini. Alessia Pierdomenico/Bloomberg
Giuseppe Conte, Italy's prime minister, delivers his maiden speech to the Senate flanked by his two deputy PMs, Luigi Di Maio, leader of the Five Star Movement, left, and League leader Matteo Salvini.

Italy PM vows to review EU sanctions against Russia


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Italy’s incoming prime minister on Tuesday won the first of two parliamentary votes to confirm his populist government, after calling in his maiden policy speech for “obligatory” redistribution of asylum seekers around the EU and a review of sanctions against Russia.

Giuseppe Conte’s government, made up of a coalition of far-right and eurosceptic parties, was sworn in on Friday after almost three months of political turmoil that has alarmed EU officials and spooked financial markets.

A lawyer with little political and no government experience, Mr Conte was nominated by far-right League leader Matteo Salvini and the head of the anti-establishment Five Star movement Luigi di Maio – both of whom are now his deputy prime ministers.

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In his first policy speech to politicians since being sworn in, the new PM reaffirmed several of the coalition’s key manifesto themes, including a tough line on migrants, rejection of economic austerity and conciliatory gestures towards Moscow.

“We want to reduce our public debt, but we want to do so with growth and not with austerity measures,” he told senators.

“We will strongly call for the Dublin Regulation to be overhauled in order to obtain respect for a fair distribution of responsibilities and to achieve an automatic system of compulsory distribution of asylum seekers.”

Under the Dublin Rules, would-be asylum seekers must submit their applications in their country of arrival, meaning Italy has huge numbers to deal with.

On Russia, which faces EU sanctions over the Ukraine crisis, Mr Conte said: “We will promote a review of the sanctions system.”

The alliance between the Five Star Movement and League won Tuesday’s vote in the Senate, with 171 votes in favour, 117 against and 25 abstentions.

A second parliamentary vote on Wednesday in the Chamber of Deputies, where the two parties also enjoy a majority, will officially confirm the new cabinet.

The government is set to win despite both former premier Silvio Berlusconi’s Forza Italia party – a campaign ally of the League – and the outgoing centre-left Democratic Party saying that they will not vote in favour.

On the 53-year-old prime minister’s agenda in his first weeks in office are a Group of Seven summit in Canada this week and a key EU summit at the end of the month.

Mr Conte’s low profile has fuelled speculation that he will take a back seat to his two powerful deputies. Mr Salvini is interior minister and Mr Di Maio holds the economic development portfolio in addition to both being deputy premiers.

Since being sworn in Mr Conte had limited himself to a Facebook post in which he said that he had spoken with German chancellor Angela Merkel and French president Emmanuel Macron, and would meet the two leaders at the G7 summit.

On Monday, Mr Di Maio met representatives of food deliverers in Italy’s gig economy.

He described the workers as “the symbol of an abandoned generation”, and underlined the need to give them “job security and a dignified minimum wage”.

Mr Salvini has wasted no time addressing immigration, saying at the weekend that Italy “cannot be Europe’s refugee camp” on a visit to Sicily, where thousands of migrants have arrived in recent years.

On Saturday the 45-year-old said the “good times for illegals are over” in a country where about 700,000 migrants have arrived since 2013.

“Get ready to pack your bags,” he said.

European Union interior ministers met on Tuesday to discuss possible reforms of the bloc’s controversial Dublin rules but made little apparent progress.

Mr Salvini has criticised the system as unfairly burdening Mediterranean countries and leading to “an obvious imbalance in management, numbers and costs”.

He and his fellow deputy PM have been heavily criticised for remaining silent about the murder of Sacko Soumayla, a 29-year-old Malian who died from gunshot wounds after an unknown assailant fired at him and two others on Saturday.

However on Tuesday Mr Conte called the incident “tragic and troubling”, adding that Mr Soumayla was “one of thousands of day labourers with correct immigration papers who every day in this country go to work in conditions below any level of dignity”.

He said: “Politics should bear the responsibility of these peoples’ ordeals and ensure pathways of legality, which is the guiding light of our government programme.”

Profile

Company: Libra Project

Based: Masdar City, ADGM, London and Delaware

Launch year: 2017

Size: A team of 12 with six employed full-time

Sector: Renewable energy

Funding: $500,000 in Series A funding from family and friends in 2018. A Series B round looking to raise $1.5m is now live.

PRESIDENTS CUP

Draw for Presidents Cup fourball matches on Thursday (Internationals first mention). All times UAE:

02.32am (Thursday): Marc Leishman/Joaquin Niemann v Tiger Woods/Justin Thomas
02.47am (Thursday): Adam Hadwin/Im Sung-jae v Xander Schauffele/Patrick Cantlay
03.02am (Thursday): Adam Scott/An Byeong-hun v Bryson DeChambeau/Tony Finau
03.17am (Thursday): Hideki Matsuyama/CT Pan v Webb Simpson/Patrick Reed
03.32am (Thursday): Abraham Ancer/Louis Oosthuizen v Dustin Johnson/Gary Woodland

What She Ate: Six Remarkable Women & the Food That Tells Their Stories
Laura Shapiro
Fourth Estate

World Cricket League Division 2

In Windhoek, Namibia - Top two teams qualify for the World Cup Qualifier in Zimbabwe, which starts on March 4.

UAE fixtures

Thursday February 8, v Kenya; Friday February 9, v Canada; Sunday February 11, v Nepal; Monday February 12, v Oman; Wednesday February 14, v Namibia; Thursday February 15, final

EA Sports FC 26

Publisher: EA Sports

Consoles: PC, PlayStation 4/5, Xbox Series X/S

Rating: 3/5

While you're here
Our family matters legal consultant

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

Mobile phone packages comparison
UAE currency: the story behind the money in your pockets
The biog

Age: 19 

Profession: medical student at UAE university 

Favourite book: The Ocean at The End of The Lane by Neil Gaiman

Role model: Parents, followed by Fazza (Shiekh Hamdan bin Mohammed)

Favourite poet: Edger Allen Poe 

NBA Finals so far

(Toronto lead 3-1 in best-of-seven series_

Game 1 Raptors 118 Warriors 109

Game 2 Raptors 104 Warriors 109

Game 3 Warriors 109 Raptors 123

Game 4 Warriors 92 Raptors 105

How to keep control of your emotions

If your investment decisions are being dictated by emotions such as fear, greed, hope, frustration and boredom, it is time for a rethink, Chris Beauchamp, chief market analyst at online trading platform IG, says.

Greed

Greedy investors trade beyond their means, open more positions than usual or hold on to positions too long to chase an even greater gain. “All too often, they incur a heavy loss and may even wipe out the profit already made.

Tip: Ignore the short-term hype, noise and froth and invest for the long-term plan, based on sound fundamentals.

Fear

The risk of making a loss can cloud decision-making. “This can cause you to close out a position too early, or miss out on a profit by being too afraid to open a trade,” he says.

Tip: Start with a plan, and stick to it. For added security, consider placing stops to reduce any losses and limits to lock in profits.

Hope

While all traders need hope to start trading, excessive optimism can backfire. Too many traders hold on to a losing trade because they believe that it will reverse its trend and become profitable.

Tip: Set realistic goals. Be happy with what you have earned, rather than frustrated by what you could have earned.

Frustration

Traders can get annoyed when the markets have behaved in unexpected ways and generates losses or fails to deliver anticipated gains.

Tip: Accept in advance that asset price movements are completely unpredictable and you will suffer losses at some point. These can be managed, say, by attaching stops and limits to your trades.

Boredom

Too many investors buy and sell because they want something to do. They are trading as entertainment, rather than in the hope of making money. As well as making bad decisions, the extra dealing charges eat into returns.

Tip: Open an online demo account and get your thrills without risking real money.

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The National's picks

4.35pm: Tilal Al Khalediah
5.10pm: Continous
5.45pm: Raging Torrent
6.20pm: West Acre
7pm: Flood Zone
7.40pm: Straight No Chaser
8.15pm: Romantic Warrior
8.50pm: Calandogan
9.30pm: Forever Young

The Land between Two Rivers: Writing in an Age of Refugees
Tom Sleigh, Graywolf Press

Sugary teas and iced coffees

The tax authority is yet to release a list of the taxed products, but it appears likely that sugary iced teas and cold coffees will be hit.

For instance, the non-fizzy drink AriZona Iced Tea contains 65 grams of sugar – about 16 teaspoons – per 680ml can. The average can costs about Dh6, which would rise to Dh9.

Cold coffee brands are likely to be hit too. Drinks such as Starbucks Bottled Mocha Frappuccino contain 31g of sugar in 270ml, while Nescafe Mocha in a can contains 15.6g of sugar in a 240ml can.

The specs

Engine: 3.8-litre, twin-turbo V8

Transmission: eight-speed automatic

Power: 582bhp

Torque: 730Nm

Price: Dh649,000

On sale: now  

MATCH INFO

Uefa Champions League semi-finals, first leg
Liverpool v Roma

When: April 24, 10.45pm kick-off (UAE)
Where: Anfield, Liverpool
Live: BeIN Sports HD
Second leg: May 2, Stadio Olimpico, Rome

MATCH SCHEDULE

Uefa Champions League semi-final, first leg
Tuesday, April 24 (10.45pm)

Liverpool v Roma

Wednesday, April 25
Bayern Munich v Real Madrid (10.45pm)

Europa League semi-final, first leg
Thursday, April 26

Arsenal v Atletico Madrid (11.05pm)
Marseille v Salzburg (11.05pm)

The biog

Favourite food: Fish and seafood

Favourite hobby: Socialising with friends

Favourite quote: You only get out what you put in!

Favourite country to visit: Italy

Favourite film: Lock Stock and Two Smoking Barrels.

Family: We all have one!

Copa del Rey final

Sevilla v Barcelona, Saturday, 11.30pm (UAE), match on Bein Sports

Globalization and its Discontents Revisited
Joseph E. Stiglitz
W. W. Norton & Company

WOMAN AND CHILD

Director: Saeed Roustaee

Starring: Parinaz Izadyar, Payman Maadi

Rating: 4/5

MEDIEVIL%20(1998)
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MATCH RESULT

Al Jazira 3 Persepolis 2
Jazira:
Mabkhout (52'), Romarinho (77'), Al Hammadi (90' 6)
Persepolis: Alipour (42'), Mensha (84')

What vitamins do we know are beneficial for living in the UAE

Vitamin D: Highly relevant in the UAE due to limited sun exposure; supports bone health, immunity and mood.Vitamin B12: Important for nerve health and energy production, especially for vegetarians, vegans and individuals with absorption issues.Iron: Useful only when deficiency or anaemia is confirmed; helps reduce fatigue and support immunity.Omega-3 (EPA/DHA): Supports heart health and reduces inflammation, especially for those who consume little fish.

MATCH INFO

Europa League semi-final, second leg
Atletico Madrid (1) v Arsenal (1)

Where: Wanda Metropolitano
When: Thursday, May 3
Live: On BeIN Sports HD

COMPANY PROFILE
Name: Kumulus Water
 
Started: 2021
 
Founders: Iheb Triki and Mohamed Ali Abid
 
Based: Tunisia 
 
Sector: Water technology 
 
Number of staff: 22 
 
Investment raised: $4 million 
MATCH INFO

Delhi Daredevils 174-4 (20 ovs)
Mumbai Indians 163 (19.3 ovs)

Delhi won the match by 11 runs

Scoreline

Real Madrid 1
Ronaldo (53')

Atletico Madrid 1
Griezmann (57')

UAE currency: the story behind the money in your pockets