Protestors burn a greek flag after a demonstration in Athens. The Greek capital was "suffocating" under a barrage of tear gas today as 5,000 protesters swamped riot police outside parliament.
Protestors burn a greek flag after a demonstration in Athens. The Greek capital was "suffocating" under a barrage of tear gas today as 5,000 protesters swamped riot police outside parliament.

Riot police and protesters clash in Athens



ATHENS, Greece // Riot police clashed with rock-throwing demonstrators in central Athens today, sending Christmas shoppers and people in cafes running for cover. Frightened parents scooped up their children from a Christmas carousel in the city's main square and fled. The protesters broke away from a peaceful rally and hurled rocks and firebombs at police and buildings near parliament, overturned a car and set fire to trash bins.

They also splashed police with red paint. Police responded with tear gas and flash grenades. Firefighters and police also rushed to stop protesters from burning down the city's main Christmas tree, which was just replaced earlier this week after the first was torched in riots. Families abandoned the carousel in downtown Syntagma Square after happily going on rides all morning. Today's clashes were the latest outbreak of violence after the police's fatal shooting of 15-year-old Alexandros Grigoropoulos Dec 6.

Protests over the boy's death and the increasing economic hardship in Greece have led to the worst rioting the country has seen in decades. Hundreds of businesses have been smashed, burnt or looted and gangs of youths fought running battles with riot police firing tear gas every night for a week. The riots have been fed by dissatisfaction with Greece's increasingly unpopular conservative government. More than 200 youths took part in running battles with police Thursday in Athens. They also set fire to a private security van and set up a burning barricade after smashing a cafe storefront, and dragging out and setting fire to its furniture. Downtown streets were littered with smashed paving stones and marble blocks.

Shop owners who saw their businesses smashed and looted during the initial riots last week now say they are having trouble making ends meet because many customers are staying away from the city centre. "Who's going to pay all these bills? I'm taking in XX200 ($290) a day," complained Spyros Papaspyrou, the owner of a shoe shop in central Athens. "Do they want me to stand outside my shop with a shotgun? I can't understand why they can't arrest 80 people in the centre of Athens."

Before the violence broke out, some 7,000 students and other protesters marched in a rally, chanting "We are the law, we'll stay on the streets." As they passed, fearful shop owners shuttered their store fronts. Some demonstrators painted white crime-scene-style body outlines on the streets. Earlier in the day, some 1,000 demonstrators joined a peaceful Communist Party-backed march through the city. Some 300 people also marched in Greece's second largest city of Thessaloniki.

While sporadic rallies have been held in Europe in support of the Greek protesters, none were reported today. Major labour union staged work stoppages Thursday to protest the teenager's shooting and the conservative government's economic policies. Air-traffic controllers walked off the job for three hours, forcing state Olympic Airlines to cancel 28 flights and reschedule another 14. State hospitals were operating with skeleton staff in a 24-hour strike. The government appealed for calm after another teenager was shot in the hand late yesterday near his school. It was unclear who shot him.

Police spokesman Panayiotis Stathis said no officers were in the area at the time of the attack, and Interior Minister Prokopis Pavlopoulos promised a thorough investigation. The boy underwent surgery today. * AP

Auron Mein Kahan Dum Tha

Starring: Ajay Devgn, Tabu, Shantanu Maheshwari, Jimmy Shergill, Saiee Manjrekar

Director: Neeraj Pandey

Rating: 2.5/5

COMPANY%20PROFILE
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BOSH!'s pantry essentials

Nutritional yeast

This is Firth's pick and an ingredient he says, "gives you an instant cheesy flavour". He advises making your own cream cheese with it or simply using it to whip up a mac and cheese or wholesome lasagne. It's available in organic and specialist grocery stores across the UAE.

Seeds

"We've got a big jar of mixed seeds in our kitchen," Theasby explains. "That's what you use to make a bolognese or pie or salad: just grab a handful of seeds and sprinkle them over the top. It's a really good way to make sure you're getting your omegas."

Umami flavours

"I could say soya sauce, but I'll say all umami-makers and have them in the same batch," says Firth. He suggests having items such as Marmite, balsamic vinegar and other general, dark, umami-tasting products in your cupboard "to make your bolognese a little bit more 'umptious'".

Onions and garlic

"If you've got them, you can cook basically anything from that base," says Theasby. "These ingredients are so prevalent in every world cuisine and if you've got them in your cupboard, then you know you've got the foundation of a really nice meal."

Your grain of choice

Whether rice, quinoa, pasta or buckwheat, Firth advises always having a stock of your favourite grains in the cupboard. "That you, you have an instant meal and all you have to do is just chuck a bit of veg in."

The 12 breakaway clubs

England

Arsenal, Chelsea, Liverpool, Manchester City, Manchester United, Tottenham Hotspur

Italy
AC Milan, Inter Milan, Juventus

Spain
Atletico Madrid, Barcelona, Real Madrid

Graduated from the American University of Sharjah

She is the eldest of three brothers and two sisters

Has helped solve 15 cases of electric shocks

Enjoys travelling, reading and horse riding

 

LIKELY TEAMS

South Africa
Faf du Plessis (captain), Dean Elgar, Aiden Markram, Hashim Amla, AB de Villiers, Quinton de Kock (wkt), Vernon Philander, Keshav Maharaj, Kagiso Rabada, Morne Morkel, Lungi Ngidi.

India (from)
Virat Kohli (captain), Murali Vijay, Lokesh Rahul, Cheteshwar Pujara, Rohit Sharma, Ajinkya Rahane, Hardik Pandya, Dinesh Karthik (wkt), Ravichandran Ashwin, Bhuvneshwar Kumar, Ishant Sharma, Mohammad Shami, Jasprit Bumrah.

Racecard
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The%20Caine%20Mutiny%20Court-Martial%20
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COMPANY PROFILE
Name: HyperSpace
 
Started: 2020
 
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
 
Based: Dubai, UAE
 
Sector: Entertainment 
 
Number of staff: 210 
 
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
 
 
 
 
 
 
 
Profile of Tamatem

Date started: March 2013

Founder: Hussam Hammo

Based: Amman, Jordan

Employees: 55

Funding: $6m

Funders: Wamda Capital, Modern Electronics (part of Al Falaisah Group) and North Base Media

Joker: Folie a Deux

Starring: Joaquin Phoenix, Lady Gaga, Brendan Gleeson

Director: Todd Phillips 

Rating: 2/5

When is VAR used?

Goals

Penalty decisions

Direct red-card incidents

Mistaken identity

COMPANY PROFILE
Name: Airev
Started: September 2023
Founder: Muhammad Khalid
Based: Abu Dhabi
Sector: Generative AI
Initial investment: Undisclosed
Investment stage: Series A
Investors: Core42
Current number of staff: 47
 
Company%20Profile
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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.


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