Vladimir Putin attends Russia's Victory Day military parade


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Russian President Vladimir Putin presided over an annual military parade commemorating the Soviet Union's victory in the Second World War, as his country's modern-day army struggles to gain the upper hand in Ukraine.

Mr Putin was flanked by military veterans in Moscow's Red Square on Tuesday, hours after Russian forces fired their latest barrage of missiles at Ukrainian territory.

In a short speech, he delivered his typical rhetoric on the war by accusing western powers of using Ukraine to threaten Russia.

“A real war has been unleashed against our motherland,” he said.

About 27 million Soviet citizens died in the brutal war with Nazi Germany, a struggle for survival that Mr Putin has likened to the conflict in Ukraine — a comparison dismissed as absurd by western powers.

“Today, civilisation is again at a decisive turning point,” Mr Putin said.

In Kyiv, Ukrainian President Volodymyr Zelenskyy said on Tuesday that Russian forces had failed to capture the eastern city of Bakhmut before Tuesday's symbolic date.

He said Russia's political and military leadership had tried and failed to show off results to its people before the Moscow Victory Day parade involving a highly-choreographed display of Russian military might.

"This was the last important military operation that they wanted to complete by the 9th of May," said Mr Zelenskyy.

Ukrainian President Volodymyr Zelensky, right, met European Commission president Ursula von der Leyen in Kyiv. Getty
Ukrainian President Volodymyr Zelensky, right, met European Commission president Ursula von der Leyen in Kyiv. Getty

Mr Putin did not announce any change in Russian strategy as it prepares for an expected Ukrainian counter-offensive this spring.

Just one tank passed across Red Square, a T-34 veteran of the Second World war, after an estimated 1,900 of them were lost during the campaign in Ukraine. A fly-past by fighter jets was also cancelled.

However, the military did display a number of Yars intercontinental nuclear ballistic missiles as well as its advanced S-400 surface to air missiles in a reminder of what remains in Russia's arsenal.

This year’s commemoration comes in the shadow of mysterious explosions and drone attacks on Russian territory that have led to some regional parades being cancelled.

Russia recently accused Ukraine of aiming a drone at the Kremlin in a plot to kill Mr Putin, a claim denied by Kyiv.

In remarks released at the same time as Putin's speech, the head of the Wagner mercenary group accused some Russian forces of abandoning their positions near Bakhmut, Ukraine.

"They all fled, exposing the front," said Yevgeny Prigozhin, who repeated a threat that his men would leave Bakhmut if the regular military does not supply more ammunition.

Mr Zelenskyy said in Kyiv that "unfortunately, the city does not exist anymore, everything is fully destroyed".

Struggling for allies on the world stage, Mr Putin welcomed the leaders of former Soviet countries Armenia, Belarus, Tajikistan, Turkmenistan and Kyrgyzstan to the Kremlin for Tuesday's parade.

Russian personnel have assembled in Red Square for the annual Victory Day parade. Reuters
Russian personnel have assembled in Red Square for the annual Victory Day parade. Reuters

Mr Zelenskyy has symbolically changed the country’s day of commemoration from May 9, the Russian date, to May 8 — the day observed by western allies.

European Commission president Ursula von der Leyen travelled to Kyiv on Tuesday to show the EU's support for Ukraine on Europe Day - the celebration of the 1950 proposal of the bloc's ancestor, the European Coal and Steel Community.

"Ukraine is on the frontline of the defence of everything we Europeans cherish, our liberty, our democracy, our freedom of thought and speech," she said.

EU lawmakers on Tuesday voted to speed up consideration of a law to boost ammunition production in Europe to the tune of 500 million euros ($550 million).

But Mr Zelenskyy also raised a sore point between the bloc and Ukraine by railing against trade restrictions on Ukrainian products recently imposed by five Eastern European countries with the blessing of Brussels.

"Any restrictions of our exports are absolutely unacceptable," he said.

Poland, Hungary, Slovakia and Bulgaria imposed unilateral bans on Ukrainian agricultural products after farmers complained that cheaper Ukrainian produce was hurting their business.

The commission then agreed last week to enforce restrictions on the imports of Ukrainian of wheat, maize, rapeseed and sunflower seed until June 5.

Protectionist measures "cannot but disappoint" and must be removed "as soon as possible, said Mr Zelenskyy.

Ms von der Leyen said that it was a "challenging situation."

"The immediate priority now is that the grain transit goes seamlessly and at the lowest possible cost outside from Ukraine towards the European Union," she said.

Ukrainian officials said they had shot down 23 out of 25 missiles in an overnight attack by Russia, with no casualties reported.

The Ukrainian air force said eight Kalibr cruise missiles were launched from carriers in the Black Sea toward the east while 17 were fired from Russian aircraft.

It was the second night in a row of Russian air strikes and the fifth this month after a lull in recent weeks.

Tamkeen's offering
  • Option 1: 70% in year 1, 50% in year 2, 30% in year 3
  • Option 2: 50% across three years
  • Option 3: 30% across five years 
UAE currency: the story behind the money in your pockets
LIVERPOOL SQUAD

Alisson Becker, Virgil van Dijk, Georginio Wijnaldum, James Milner, Naby Keita, Roberto Firmino, Sadio Mane, Mohamed Salah, Joe Gomez, Adrian, Jordan Henderson, Alex Oxlade-Chamberlain, Adam Lallana, Andy Lonergan, Xherdan Shaqiri, Andy Robertson, Divock Origi, Curtis Jones, Trent Alexander-Arnold, Neco Williams

What are the GCSE grade equivalents?
 
  • Grade 9 = above an A*
  • Grade 8 = between grades A* and A
  • Grade 7 = grade A
  • Grade 6 = just above a grade B
  • Grade 5 = between grades B and C
  • Grade 4 = grade C
  • Grade 3 = between grades D and E
  • Grade 2 = between grades E and F
  • Grade 1 = between grades F and G
The specs: Lamborghini Aventador SVJ

Price, base: Dh1,731,672

Engine: 6.5-litre V12

Gearbox: Seven-speed automatic

Power: 770hp @ 8,500rpm

Torque: 720Nm @ 6,750rpm

Fuel economy: 19.6L / 100km

'Nightmare Alley'

Director:Guillermo del Toro

Stars:Bradley Cooper, Cate Blanchett, Rooney Mara

Rating: 3/5

Real estate tokenisation project

Dubai launched the pilot phase of its real estate tokenisation project last month.

The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.

Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.

Will the pound fall to parity with the dollar?

The idea of pound parity now seems less far-fetched as the risk grows that Britain may split away from the European Union without a deal.

Rupert Harrison, a fund manager at BlackRock, sees the risk of it falling to trade level with the dollar on a no-deal Brexit. The view echoes Morgan Stanley’s recent forecast that the currency can plunge toward $1 (Dh3.67) on such an outcome. That isn’t the majority view yet – a Bloomberg survey this month estimated the pound will slide to $1.10 should the UK exit the bloc without an agreement.

New Prime Minister Boris Johnson has repeatedly said that Britain will leave the EU on the October 31 deadline with or without an agreement, fuelling concern the nation is headed for a disorderly departure and fanning pessimism toward the pound. Sterling has fallen more than 7 per cent in the past three months, the worst performance among major developed-market currencies.

“The pound is at a much lower level now but I still think a no-deal exit would lead to significant volatility and we could be testing parity on a really bad outcome,” said Mr Harrison, who manages more than $10 billion in assets at BlackRock. “We will see this game of chicken continue through August and that’s likely negative for sterling,” he said about the deadlocked Brexit talks.

The pound fell 0.8 per cent to $1.2033 on Friday, its weakest closing level since the 1980s, after a report on the second quarter showed the UK economy shrank for the first time in six years. The data means it is likely the Bank of England will cut interest rates, according to Mizuho Bank.

The BOE said in November that the currency could fall even below $1 in an analysis on possible worst-case Brexit scenarios. Options-based calculations showed around a 6.4 per cent chance of pound-dollar parity in the next one year, markedly higher than 0.2 per cent in early March when prospects of a no-deal outcome were seemingly off the table.

Bloomberg

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Gender pay parity on track in the UAE

The UAE has a good record on gender pay parity, according to Mercer's Total Remuneration Study.

"In some of the lower levels of jobs women tend to be paid more than men, primarily because men are employed in blue collar jobs and women tend to be employed in white collar jobs which pay better," said Ted Raffoul, career products leader, Mena at Mercer. "I am yet to see a company in the UAE – particularly when you are looking at a blue chip multinationals or some of the bigger local companies – that actively discriminates when it comes to gender on pay."

Mr Raffoul said most gender issues are actually due to the cultural class, as the population is dominated by Asian and Arab cultures where men are generally expected to work and earn whereas women are meant to start a family.

"For that reason, we see a different gender gap. There are less women in senior roles because women tend to focus less on this but that’s not due to any companies having a policy penalising women for any reasons – it’s a cultural thing," he said.

As a result, Mr Raffoul said many companies in the UAE are coming up with benefit package programmes to help working mothers and the career development of women in general. 

Like a Fading Shadow

Antonio Muñoz Molina

Translated from the Spanish by Camilo A. Ramirez

Tuskar Rock Press (pp. 310)

Company%20profile
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STAGE%201%20RESULTS
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EA Sports FC 26

Publisher: EA Sports

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

Rating: 3/5

STAY%2C%20DAUGHTER
%3Cp%3E%3Cstrong%3EAuthor%3A%20%3C%2Fstrong%3EYasmin%20Azad%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EPublisher%3A%20%3C%2Fstrong%3ESwift%20Press%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EAvailable%3A%20%3C%2Fstrong%3ENow%3C%2Fp%3E%0A
Fourth-round clashes for British players

- Andy Murray (1) v Benoit Paire, Centre Court (not before 4pm)

- Johanna Konta (6) v Caroline Garcia (21), Court 1 (4pm)

The biog

Name: Younis Al Balooshi

Nationality: Emirati

Education: Doctorate degree in forensic medicine at the University of Bonn

Hobbies: Drawing and reading books about graphic design

Game Changer

Director: Shankar 

Stars: Ram Charan, Kiara Advani, Anjali, S J Suryah, Jayaram

Rating: 2/5

Ipaf in numbers

Established: 2008

Prize money:  $50,000 (Dh183,650) for winners and $10,000 for those on the shortlist.

Winning novels: 13

Shortlisted novels: 66

Longlisted novels: 111

Total number of novels submitted: 1,780

Novels translated internationally: 66

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

AS%20WE%20EXIST
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The rules of the road keeping cyclists safe

Cyclists must wear a helmet, arm and knee pads

Have a white front-light and a back red-light on their bike

They must place a number plate with reflective light to the back of the bike to alert road-users

Avoid carrying weights that could cause the bike to lose balance

They must cycle on designated lanes and areas and ride safe on pavements to avoid bumping into pedestrians

COMPANY%20PROFILE%20
%3Cp%3E%3Cstrong%3EName%3A%3C%2Fstrong%3E%20Haltia.ai%0D%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202023%0D%3Cbr%3E%3Cstrong%3ECo-founders%3A%3C%2Fstrong%3E%20Arto%20Bendiken%20and%20Talal%20Thabet%0D%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Dubai%2C%20UAE%0D%3Cbr%3E%3Cstrong%3EIndustry%3A%3C%2Fstrong%3E%20AI%0D%3Cbr%3E%3Cstrong%3ENumber%20of%20employees%3A%3C%2Fstrong%3E%2041%0D%3Cbr%3E%3Cstrong%3EFunding%3A%3C%2Fstrong%3E%20About%20%241.7%20million%0D%3Cbr%3E%3Cstrong%3EInvestors%3A%3C%2Fstrong%3E%20Self%2C%20family%20and%20friends%26nbsp%3B%3C%2Fp%3E%0A
Company%20profile%20
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Updated: May 09, 2023, 1:59 PM