A man posts symbols of parties that will run in the country's March 4 election at the Ministry of the Interior Palace in Rome, Italy. REUTERS/Tony Gentile
A man posts symbols of parties that will run in the country's March 4 election at the Ministry of the Interior Palace in Rome, Italy. REUTERS/Tony Gentile
A man posts symbols of parties that will run in the country's March 4 election at the Ministry of the Interior Palace in Rome, Italy. REUTERS/Tony Gentile
A man posts symbols of parties that will run in the country's March 4 election at the Ministry of the Interior Palace in Rome, Italy. REUTERS/Tony Gentile

Italy’s 31- and 81-year old political rivals woo mainstream voters


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With barely a month to go before Italy’s crunch vote, both the 31-year-old leader of the populist 5-Star Movement and the 81-year-old behind the centre-right Forza Italia are seeking to widen their appeal to the mainstream.

A hung parliament remains the most likely outcome of the March 4 general election. However, polls show the anti-establishment 5-Star Movement, led by Luigi Di Maio, is Italy’s single most popular party, while a coalition of right-wing parties around Silvio Berlusconi’s Forza Italia commands the biggest overall share of the vote.

Up until now, 5-Star’s opposition to coalition-building has meant it is considered unlikely to get the first chance to try to form a government.

But on Wednesday, Mr Di Maio seemed to indicate a shift in stance as he reportedly told a group of institutional investors that he would be willing to collaborate with his opponents if the election throws up a political stalemate.

“Di Maio said repeatedly that if he does not have enough seats to govern alone, he saw the likelihood of a government backed by all the main parties, including 5-Star,” a source who attended the meeting in London told Reuters.

Mr Di Maio later denied he would consider post-election alliances with other parties, but said he would negotiate with them on policies.

“I will make a public appeal to all the political parties, asking them to agree on policies and on our government team, without any type of alliances,” he posted on Facebook.

The comments are the latest sign that the party is taking a new direction ahead of the general election.

Founded as a protest movement by bombastic comedian Beppe Grillo in 2009, 5-Star capitalised on widespread distrust of the main parties to become a major political force. But in recent months, Mr Grillo has appeared less and less at party events, while Mr Di Maio – elected in September as the party’s new leader – is seen to represent the moderate wing of the party.

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Mr Di Maio has sought to shed the party’s maverick, populist image, and also reassure foreign capitals that it can be trusted with power. Most recently, he has softened the party’s stance on the euro, saying he sees the possibility of a referendum on the single currency is a “last resort”.

"The fact that Di Maio was in London at all is a sign that things are changing," Luigi Ferrata, public affairs account director at Community Group, told The National. "He's trying to be less radical, a real leader, able to have dialogue with Europe and with senior investors."

Meanwhile, former prime minister Mr Berlusconi has been seeking to reassure voters who are concerned about his party’s alliance with the far-right, anti-EU Northern League, led by Matteo Salvini.

The four-time prime minister is currently appealing against a ban on his standing for office again, following a 2013 conviction for tax fraud. But either way, he is positioning himself as a potential kingmaker who could end up pulling the strings of power after March 4.

His Forza Italia party had been expected to lead a centre-right group of parties into the election, including the Northern League, which takes a tough stance on immigration and has railed against the euro, and the Brothers of Italy, which has links to Italian fascism.

But according to La Repubblica newspaper, Mr Berlusconi met with senior EU leaders last week and assured them that he would form a moderate government which excluded the more extreme fringes.

In meetings with European Commission President Jean-Claude Juncker and Manfred Weber, leader of the European People’s Party group, in Brussels last week, Mr Berlusconi is believed to have categorically declared: "We will not go to government with Salvini.”

The newspaper reported that Mr Berlusconi now expects to couple up with the left-leaning Democratic Party of Matteo Renzi in a broad cross-party coalition, which would also exclude the Five-Star Movement.

“Berlusconi aimed his comments about Salvini to the electorate rather than Juncker,” Mr Ferrata observed. “Juncker is already fully aware that Salvini won’t take office after the election.”

“Parts of the electorate – the conservative, moderate voters – could be scared by the messages of the Northern League,” he continued. “These are the people Berlusconi is trying to appeal to”.

Speaking on Monday, Mr Salvini rejected the reports from La Repubblica as "fake news" and said that he had full confidence in his pact with Mr Berlusconi.

“I trust Berlusconi, I trust the clear agreements and the signed programs,” he said.

However, Mr Ferrata believes that this notion of a “great coalition” between Mr Renzi, Mr Berlusconi and several other smaller parties is the most plausible option after March 4.

“A great coalition is the most likely outcome on the basis of the polls – between the Democratic Party, Forza Italia, some other smaller parties and some Members of Parliament who will leave their party of origin to allow a government to start,” he said.

“Otherwise, we will see a re-run of elections later in the year.”

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.

MATCH INFO

What: 2006 World Cup quarter-final
When: July 1
Where: Gelsenkirchen Stadium, Gelsenkirchen, Germany

Result:
England 0 Portugal 0
(Portugal win 3-1 on penalties)

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.
Who's who in Yemen conflict

Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government

Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council

Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south

Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory

The team

Photographer: Mateusz Stefanowski at Art Factory 
Videographer: Jear Valasquez 
Fashion director: Sarah Maisey
Make-up: Gulum Erzincan at Art Factory 
Model: Randa at Art Factory Videographer’s assistant: Zanong Magat 
Photographer’s assistant: Sophia Shlykova 
With thanks to Jubail Mangrove Park, Jubail Island, Abu Dhabi 

 
Ultra processed foods

- Carbonated drinks, sweet or savoury packaged snacks, confectionery, mass-produced packaged breads and buns 

- margarines and spreads; cookies, biscuits, pastries, cakes, and cake mixes, breakfast cereals, cereal and energy bars;

- energy drinks, milk drinks, fruit yoghurts and fruit drinks, cocoa drinks, meat and chicken extracts and instant sauces

- infant formulas and follow-on milks, health and slimming products such as powdered or fortified meal and dish substitutes,

- many ready-to-heat products including pre-prepared pies and pasta and pizza dishes, poultry and fish nuggets and sticks, sausages, burgers, hot dogs, and other reconstituted meat products, powdered and packaged instant soups, noodles and desserts.

Fitness problems in men's tennis

Andy Murray - hip

Novak Djokovic - elbow

Roger Federer - back

Stan Wawrinka - knee

Kei Nishikori - wrist

Marin Cilic - adductor

The five pillars of Islam

1. Fasting

2. Prayer

3. Hajj

4. Shahada

5. Zakat 

Wicked: For Good

Director: Jon M Chu

Starring: Ariana Grande, Cynthia Erivo, Jonathan Bailey, Jeff Goldblum, Michelle Yeoh, Ethan Slater

Rating: 4/5

What is tokenisation?

Tokenisation refers to the issuance of a blockchain token, which represents a virtually tradable real, tangible asset. A tokenised asset is easily transferable, offers good liquidity, returns and is easily traded on the secondary markets.