Shootout at Wadala comes to Dubai



Actors from the Bollywood film Shootout at Wadala are coming to Dubai today. The star-studded ensemble of John Abraham, Anil Kapoor, Sunny Leone, Manoj Bajpayee, Sonu Sood, Tusshar Kapoor, Sophie Choudry and Mustafa Zahid will be meeting fans at Ibn Battuta Mall's China Court, beside Grand Cinemas, tonight at 6pm. Directed by Sanjay Gupta, the action thriller opens in cinemas on May 2. - The National staff

Jon Stewart meets Egyptian counterpart

Recently listed as one of Time magazine's 100 most influential people in the world, following his high-profile brush with the Egyptian legal system, the television satirist Bassem Youssef has appeared as a guest on The Daily Show with Jon Stewart, a man to whom he is often compared. The two met last year and Stewart recently dedicated a portion of his show to urging the Egyptian government to drop the charges against Youssef. "Bassem is my hero," said Stewart. The interview with Youssef is scheduled to be screened, unedited, on OSN Comedy HD tonight at 10pm, with repeats tomorrow at 1.30am and 4.30pm. - The National staff

Kidman, Lee and Balan join Cannes jury

Nicole Kidman and Ang Lee will join Steven Spielberg next month on the Cannes International Film Festival jury. The other jury members named were the Indian actress Vidya Balan, the Django Unchained actor Christoph Waltz, the Japanese director Naomi Kawase, Lynne Ramsay, the Scottish director of We Need to Talk About Kevin, the French actor and director Daniel Auteuil and the Romanian director Cristian Mungiu. The jury, headed by Spielberg, will award the coveted Palme d'Or to one of the 19 films in competition at the festival, which runs from May 15-26. - AFP

Nawazuddin Siddiqui preps for Cannes

The Bollywood actor Nawazuddin Siddiqui is off to Cannes for three of his films - Monsoon Shootout, Bombay Talkies and Dabba. "It's a very special feeling for me because three of my films are going to Cannes. It's a very, very proud moment for me and my family. At least now I am confident that I am heading in the right direction and have not taken the wrong track," said the 39-year-old star. Siddiqui is no newcomer to the prestigious French festival; last year he attended Cannes for his work in Gangs of Wasseypur and Miss Lovely. - IANS

Will Smith in talks to star in Focus

Will Smith is in talks to star in Warner Bros's forthcoming drama Focus, which follows the story of an inexperienced female con artist who teams up with a more seasoned pro, reported Variety. Kristen Stewart was linked to the project, which has been written by the Crazy, Stupid, Love directing duo Glenn Ficarra and John Requa, but has now pulled out on grounds that the age difference between her and Smith was too large. - The National staff

Sharon Osbourne says no divorce

Sharon Osbourne says she and husband Ozzy aren't splitting. She told viewers of her show The Talk that she had not been aware of her husband's year-and-a-half-long relapse into prescription drug and alcohol abuse, which he made public in an apologetic Facebook post last week. She says she is "devastated" by their struggles but added that the couple has dealt with worse before. She blinked back tears as she said: "This, too, shall pass." Ozzy Osbourne was a founding member of Black Sabbath, but left the group in 1979. The 64-year-old has since rejoined the band and their new studio album will be out in June. - AP

The specs
 
Engine: 3.0-litre six-cylinder turbo
Power: 398hp from 5,250rpm
Torque: 580Nm at 1,900-4,800rpm
Transmission: Eight-speed auto
Fuel economy, combined: 6.5L/100km
On sale: December
Price: From Dh330,000 (estimate)
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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

In numbers: PKK’s money network in Europe

Germany: PKK collectors typically bring in $18 million in cash a year – amount has trebled since 2010

Revolutionary tax: Investigators say about $2 million a year raised from ‘tax collection’ around Marseille

Extortion: Gunman convicted in 2023 of demanding $10,000 from Kurdish businessman in Stockholm

Drug trade: PKK income claimed by Turkish anti-drugs force in 2024 to be as high as $500 million a year

Denmark: PKK one of two terrorist groups along with Iranian separatists ASMLA to raise “two-digit million amounts”

Contributions: Hundreds of euros expected from typical Kurdish families and thousands from business owners

TV channel: Kurdish Roj TV accounts frozen and went bankrupt after Denmark fined it more than $1 million over PKK links in 2013 

The specs

Engine: 3-litre twin-turbo V6

Power: 400hp

Torque: 475Nm

Transmission: 9-speed automatic

Price: From Dh215,900

On sale: Now

At a glance

Global events: Much of the UK’s economic woes were blamed on “increased global uncertainty”, which can be interpreted as the economic impact of the Ukraine war and the uncertainty over Donald Trump’s tariffs.

 

Growth forecasts: Cut for 2025 from 2 per cent to 1 per cent. The OBR watchdog also estimated inflation will average 3.2 per cent this year

 

Welfare: Universal credit health element cut by 50 per cent and frozen for new claimants, building on cuts to the disability and incapacity bill set out earlier this month

 

Spending cuts: Overall day-to day-spending across government cut by £6.1bn in 2029-30 

 

Tax evasion: Steps to crack down on tax evasion to raise “£6.5bn per year” for the public purse

 

Defence: New high-tech weaponry, upgrading HM Naval Base in Portsmouth

 

Housing: Housebuilding to reach its highest in 40 years, with planning reforms helping generate an extra £3.4bn for public finances

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What is a robo-adviser?

Robo-advisers use an online sign-up process to gauge an investor’s risk tolerance by feeding information such as their age, income, saving goals and investment history into an algorithm, which then assigns them an investment portfolio, ranging from more conservative to higher risk ones.

These portfolios are made up of exchange traded funds (ETFs) with exposure to indices such as US and global equities, fixed-income products like bonds, though exposure to real estate, commodity ETFs or gold is also possible.

Investing in ETFs allows robo-advisers to offer fees far lower than traditional investments, such as actively managed mutual funds bought through a bank or broker. Investors can buy ETFs directly via a brokerage, but with robo-advisers they benefit from investment portfolios matched to their risk tolerance as well as being user friendly.

Many robo-advisers charge what are called wrap fees, meaning there are no additional fees such as subscription or withdrawal fees, success fees or fees for rebalancing.

UPI facts

More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions

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THE DETAILS

Kaala

Dir: Pa. Ranjith

Starring: Rajinikanth, Huma Qureshi, Easwari Rao, Nana Patekar  

Rating: 1.5/5 

ETFs explained

Exhchange traded funds are bought and sold like shares, but operate as index-tracking funds, passively following their chosen indices, such as the S&P 500, FTSE 100 and the FTSE All World, plus a vast range of smaller exchanges and commodities, such as gold, silver, copper sugar, coffee and oil.

ETFs have zero upfront fees and annual charges as low as 0.07 per cent a year, which means you get to keep more of your returns, as actively managed funds can charge as much as 1.5 per cent a year.

There are thousands to choose from, with the five biggest providers BlackRock’s iShares range, Vanguard, State Street Global Advisors SPDR ETFs, Deutsche Bank AWM X-trackers and Invesco PowerShares.

Five famous companies founded by teens

There are numerous success stories of teen businesses that were created in college dorm rooms and other modest circumstances. Below are some of the most recognisable names in the industry:

  1. Facebook: Mark Zuckerberg and his friends started Facebook when he was a 19-year-old Harvard undergraduate. 
  2. Dell: When Michael Dell was an undergraduate student at Texas University in 1984, he started upgrading computers for profit. He starting working full-time on his business when he was 19. Eventually, his company became the Dell Computer Corporation and then Dell Inc. 
  3. Subway: Fred DeLuca opened the first Subway restaurant when he was 17. In 1965, Mr DeLuca needed extra money for college, so he decided to open his own business. Peter Buck, a family friend, lent him $1,000 and together, they opened Pete’s Super Submarines. A few years later, the company was rebranded and called Subway. 
  4. Mashable: In 2005, Pete Cashmore created Mashable in Scotland when he was a teenager. The site was then a technology blog. Over the next few decades, Mr Cashmore has turned Mashable into a global media company.
  5. Oculus VR: Palmer Luckey founded Oculus VR in June 2012, when he was 19. In August that year, Oculus launched its Kickstarter campaign and raised more than $1 million in three days. Facebook bought Oculus for $2 billion two years later.
Specs
Engine: Electric motor generating 54.2kWh (Cooper SE and Aceman SE), 64.6kW (Countryman All4 SE)
Power: 218hp (Cooper and Aceman), 313hp (Countryman)
Torque: 330Nm (Cooper and Aceman), 494Nm (Countryman)
On sale: Now
Price: From Dh158,000 (Cooper), Dh168,000 (Aceman), Dh190,000 (Countryman)
WRESTLING HIGHLIGHTS