Russian President Vladimir Putin at the CIS leaders' summit in Astana, Kazakhstan, on October 14, 2022. UK sources continue to develop the theme of Russian nuclear arms use in Ukraine. Reuters
Russian President Vladimir Putin at the CIS leaders' summit in Astana, Kazakhstan, on October 14, 2022. UK sources continue to develop the theme of Russian nuclear arms use in Ukraine. Reuters
Russian President Vladimir Putin at the CIS leaders' summit in Astana, Kazakhstan, on October 14, 2022. UK sources continue to develop the theme of Russian nuclear arms use in Ukraine. Reuters
Russian President Vladimir Putin at the CIS leaders' summit in Astana, Kazakhstan, on October 14, 2022. UK sources continue to develop the theme of Russian nuclear arms use in Ukraine. Reuters

UK warns Putin of ‘severe consequences’ if he uses nuclear weapons


Soraya Ebrahimi
  • English
  • Arabic

There will be “severe consequences” if Russian President Vladimir Putin orders use of nuclear weapons in the Ukraine conflict, the British government said.

Amid reports Russia could detonate a nuclear warhead over the Black Sea, Defence Secretary Ben Wallace has been in Washington for talks with his US counterpart.

“We are very clear with Putin that the use of nuclear weapons will lead to severe consequences,” said Prime Minister Liz Truss's official spokesman, who did not comment on Mr Wallace’s meeting.

“I would guide away from speculating on this as an issue. I think the public need to be reassured that we are taking a strong lead in this area,” he said.

“I think it would be a mistake to be drawn into speculation on this rather than focusing on what we are seeing day by day, which is a senseless and barbaric attack on civilians across Ukraine.”

It comes after The Sun newspaper quoted a security source who said the “threat” of Mr Putin nuclear weapons “has increased recently”.

Putin's inner circle — in pictures

  • Head of Russia's SVR intelligence service Sergei Naryshkin has seen his status eroded by the strong resistance encountered in Ukraine, which he did not foresee. EPA
    Head of Russia's SVR intelligence service Sergei Naryshkin has seen his status eroded by the strong resistance encountered in Ukraine, which he did not foresee. EPA
  • Head of Russia's Roscosmos space agency Dmitry Rogozin has threatened to abandon a Nasa astronaut on the International Space Station. AFP
    Head of Russia's Roscosmos space agency Dmitry Rogozin has threatened to abandon a Nasa astronaut on the International Space Station. AFP
  • Russian Defence Minister Sergei Shoigu was one of the architects of Moscow's intervention in Syria. AFP
    Russian Defence Minister Sergei Shoigu was one of the architects of Moscow's intervention in Syria. AFP
  • Russian President Vladimir Putin meets with Russia's oil giant Rosneft chief Igor Sechin. He has been described as Mr Putin's right-hand man. AFP
    Russian President Vladimir Putin meets with Russia's oil giant Rosneft chief Igor Sechin. He has been described as Mr Putin's right-hand man. AFP
  • Secretary of Russia's Security Council Nikolai Patrushev attends a meeting in Moscow. He is said to have known Mr Putin for 50 years. AFP
    Secretary of Russia's Security Council Nikolai Patrushev attends a meeting in Moscow. He is said to have known Mr Putin for 50 years. AFP
  • Sergei Ivanov, Russian special representative on questions of ecology and transport, is a close friend of Mr Putin. AFP
    Sergei Ivanov, Russian special representative on questions of ecology and transport, is a close friend of Mr Putin. AFP
  • Federal Security Service director Alexander Bortnikov is responsible for a huge network of agents in Russia. AFP
    Federal Security Service director Alexander Bortnikov is responsible for a huge network of agents in Russia. AFP
  • At 58, president of the Duma Lower House of Parliament Vyacheslav Volodin is one of the younger members of the inner circle. He has been touted as a possible successor to Mr Putin. AFP
    At 58, president of the Duma Lower House of Parliament Vyacheslav Volodin is one of the younger members of the inner circle. He has been touted as a possible successor to Mr Putin. AFP

Mr Wallace, MP for Wyre and Preston North, pulled out of a session with the Commons Defence Committee on Tuesday to take part in talks with US Defence Secretary Lloyd Austin.

“There has been a lot of speculation about why the defence secretary travelled to Washington,” said a senior defence source.

“As we approach winter in Ukraine, with their [Ukraine's] successes on the battleground against Russian forces and in light of Putin’s recent actions, it was important to meet face to face with US Secretary of Defence Lloyd Austin and others from the US administration to discuss our shared security concerns.”

On Wednesday, Mr Putin declared martial law in the annexed regions of Ukraine.

Putin declares martial law in annexed Ukrainian regions — video

Scoreline

Real Madrid 1
Ronaldo (53')

Atletico Madrid 1
Griezmann (57')

COMPANY PROFILE

Name: Qyubic
Started: October 2023
Founder: Namrata Raina
Based: Dubai
Sector: E-commerce
Current number of staff: 10
Investment stage: Pre-seed
Initial investment: Undisclosed 

A German university was a good fit for the family budget

Annual fees for the Technical University of Munich - £600

Shared rental accommodation per month depending on the location ranges between  £200-600

The family had budgeted for food, books, travel, living expenses - £20,000 annually

Overall costs in Germany are lower than the family estimated 

As proof that the student has the ability to take care of expenses, international students must open a blocked account with about £8,640

Students are permitted to withdraw £720 per month

The Limehouse Golem
Director: Juan Carlos Medina
Cast: Olivia Cooke, Bill Nighy, Douglas Booth
Three stars

The specs

Engine: 3.8-litre twin-turbo flat-six

Power: 650hp at 6,750rpm

Torque: 800Nm from 2,500-4,000rpm

Transmission: 8-speed dual-clutch auto

Fuel consumption: 11.12L/100km

Price: From Dh796,600

On sale: now

Famous left-handers

- Marie Curie

- Jimi Hendrix

- Leonardo Di Vinci

- David Bowie

- Paul McCartney

- Albert Einstein

- Jack the Ripper

- Barack Obama

- Helen Keller

- Joan of Arc

City's slump

L - Juventus, 2-0
D - C Palace, 2-2
W - N Forest, 3-0
L - Liverpool, 2-0
D - Feyenoord, 3-3
L - Tottenham, 4-0
L - Brighton, 2-1
L - Sporting, 4-1
L - Bournemouth, 2-1
L - Tottenham, 2-1

The Baghdad Clock

Shahad Al Rawi, Oneworld

Desert Warrior

Starring: Anthony Mackie, Aiysha Hart, Ben Kingsley

Director: Rupert Wyatt

Rating: 3/5

From Zero

Artist: Linkin Park

Label: Warner Records

Number of tracks: 11

Rating: 4/5

England v South Africa Test series:

First Test: at Lord's, England won by 211 runs

Second Test: at Trent Bridge, South Africa won by 340 runs

Third Test: at The Oval, July 27-31

Fourth Test: at Old Trafford, August 4-8

The specs

Engine: Direct injection 4-cylinder 1.4-litre
Power: 150hp
Torque: 250Nm
Price: From Dh139,000
On sale: Now

Book%20Details
%3Cp%3E%3Cem%3EThree%20Centuries%20of%20Travel%20Writing%20by%20Muslim%20Women%3C%2Fem%3E%3Cbr%3E%3Cstrong%3EEditors%3A%20%3C%2Fstrong%3ESiobhan%20Lambert-Hurley%2C%20Daniel%20Majchrowicz%2C%20Sunil%20Sharma%3Cbr%3E%3Cstrong%3EPublisher%3A%20%3C%2Fstrong%3EIndiana%20University%20Press%3B%20532%20pages%3Cbr%3E%3C%2Fp%3E%0A
The specs: 2017 Porsche 718 Cayman

Price, base / as tested Dh222,500 / Dh296,870

Engine 2.0L, flat four-cylinder

Transmission Seven-speed PDK

Power 300hp @ 6,500rpm

Torque 380hp @ 1,950rpm

Fuel economy, combined 6.9L / 100km

SPECS
%3Cp%3E%3Cstrong%3EEngine%3A%3C%2Fstrong%3E%20Dual%20electric%20motors%20with%20102kW%20battery%20pack%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E570hp%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ETorque%3A%3C%2Fstrong%3E%20890Nm%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERange%3A%3C%2Fstrong%3E%20Up%20to%20428km%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EOn%20sale%3A%3C%2Fstrong%3E%20Now%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3EFrom%20Dh1%2C700%2C000%3C%2Fp%3E%0A

Royal Birkdale Golf Course

Location: Southport, Merseyside, England

Established: 1889

Type: Private

Total holes: 18

Jetour T1 specs

Engine: 2-litre turbocharged

Power: 254hp

Torque: 390Nm

Price: From Dh126,000

Available: Now

UAE currency: the story behind the money in your pockets
Leading all-time NBA scorers

Kareem Abdul-Jabbar 38,387
Karl Malone 36,928
Kobe Bryant 33,643
Michael Jordan 32,292
LeBron James 31,425
Wilt Chamberlain 31,419

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.

The%C2%A0specs%20
%3Cp%3E%3Cstrong%3EEngine%3A%20%3C%2Fstrong%3E3.5-litre%2C%20twin-turbo%20V6%0D%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3E10-speed%20auto%0D%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E410hp%0D%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E495Nm%0D%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3Estarts%20from%20Dh495%2C000%20(Dh610%2C000%20for%20the%20F-Sport%20launch%20edition%20tested)%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3Enow%3C%2Fp%3E%0A

Company name: Farmin

Date started: March 2019

Founder: Dr Ali Al Hammadi 

Based: Abu Dhabi

Sector: AgriTech

Initial investment: None to date

Partners/Incubators: UAE Space Agency/Krypto Labs 

Tributes from the UAE's personal finance community

• Sebastien Aguilar, who heads SimplyFI.org, a non-profit community where people learn to invest Bogleheads’ style

“It is thanks to Jack Bogle’s work that this community exists and thanks to his work that many investors now get the full benefits of long term, buy and hold stock market investing.

Compared to the industry, investing using the common sense approach of a Boglehead saves a lot in costs and guarantees higher returns than the average actively managed fund over the long term. 

From a personal perspective, learning how to invest using Bogle’s approach was a turning point in my life. I quickly realised there was no point chasing returns and paying expensive advisers or platforms. Once money is taken care off, you can work on what truly matters, such as family, relationships or other projects. I owe Jack Bogle for that.”

• Sam Instone, director of financial advisory firm AES International

"Thought to have saved investors over a trillion dollars, Jack Bogle’s ideas truly changed the way the world invests. Shaped by his own personal experiences, his philosophy and basic rules for investors challenged the status quo of a self-interested global industry and eventually prevailed.  Loathed by many big companies and commission-driven salespeople, he has transformed the way well-informed investors and professional advisers make decisions."

• Demos Kyprianou, a board member of SimplyFI.org

"Jack Bogle for me was a rebel, a revolutionary who changed the industry and gave the little guy like me, a chance. He was also a mentor who inspired me to take the leap and take control of my own finances."

• Steve Cronin, founder of DeadSimpleSaving.com

"Obsessed with reducing fees, Jack Bogle structured Vanguard to be owned by its clients – that way the priority would be fee minimisation for clients rather than profit maximisation for the company.

His real gift to us has been the ability to invest in the stock market (buy and hold for the long term) rather than be forced to speculate (try to make profits in the shorter term) or even worse have others speculate on our behalf.

Bogle has given countless investors the ability to get on with their life while growing their wealth in the background as fast as possible. The Financial Independence movement would barely exist without this."

• Zach Holz, who blogs about financial independence at The Happiest Teacher

"Jack Bogle was one of the greatest forces for wealth democratisation the world has ever seen.  He allowed people a way to be free from the parasitical "financial advisers" whose only real concern are the fat fees they get from selling you over-complicated "products" that have caused millions of people all around the world real harm.”

• Tuan Phan, a board member of SimplyFI.org

"In an industry that’s synonymous with greed, Jack Bogle was a lone wolf, swimming against the tide. When others were incentivised to enrich themselves, he stood by the ‘fiduciary’ standard – something that is badly needed in the financial industry of the UAE."

Updated: October 19, 2022, 9:18 PM