A spectacular week of tariff U-turns

An unpredictable market

With reference to Deenal Kamel's report Asian stocks and oil market rout continues as Trump tariffs take effect (April 9): The impact of the Trump administration's tariffs on Asian stocks and the oil market was spectacular to see this week, even as most reciprocal tariffs are now on hold for 90 days.

The market rout, driven by the tariffs, is causing significant turmoil not only in Asia but also across global financial markets. The article delves into the concerns that these measures are creating, with particular focus on how the tariffs have led to growing anxiety regarding the economic consequences.

Beyond just the Asian markets, other international markets are still grappling with uncertainty, as many countries fear long-term implications of Donald Trump's actions. The tariffs have triggered wide panic, with investors and global leaders expressing deep concerns about future trade relationships, supply chains and overall economic stability.

The article emphasises the broader geopolitical ramifications, showing that tariffs influence not just stock markets but also oil prices, and both were showing signs of volatility and a potential slump before the U-turn. The concerns about the future have intensified, as many countries brace for further policy change and their potential impact on global trade and economic conditions.

K Ragavan, Bengaluru, India

Teenager killed in the West Bank

With regard to the report Palestinian-American teenager shot dead in West Bank (April 7): Whether this is about a 14-year-old or one-year-old, American or non American, that doesn't matter. No one has the right to take innocent lives.

Walid S, New Jersey, US

Palestine's delayed statehood

With reference to the report Emmanuel Macron says France could recognise Palestinian state in June (April 10): Why even wait that long when the world has seen what's been happening for 18 months? Palestine needs recognition now, immediately.

Anny Jacquet, Viterbo, Italy

Val Kilmer's enormous talent

I was very sorry to learn about the death of Hollywood actor Val Kilmer. He was a brilliant actor, who portrayed a wide range of roles with great elan. He was excellent in the 1996 movie The Ghost and the Darkness, in which he has to hunt two man-eating lions in Kenya, Africa, along with Michael Douglas. It was a chilling movie. I could not sleep for few nights after watching the movie. I wondered back then how he had the daring to make the movie, with the lions constantly chasing him.

He acted in many other movies, including in the Top Gun movies as Tom "Iceman" Kazansky. He was always brilliant. Sad to see him go, so soon at the age of 65.

Rajendra Aneja, Dubai

COMPANY%20PROFILE

%3Cp%3E%3Cstrong%3EName%3A%20%3C%2Fstrong%3ESmartCrowd%0D%3Cbr%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3E2018%0D%3Cbr%3E%3Cstrong%3EFounder%3A%20%3C%2Fstrong%3ESiddiq%20Farid%20and%20Musfique%20Ahmed%0D%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EDubai%0D%3Cbr%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3EFinTech%20%2F%20PropTech%0D%3Cbr%3E%3Cstrong%3EInitial%20investment%3A%20%3C%2Fstrong%3E%24650%2C000%0D%3Cbr%3E%3Cstrong%3ECurrent%20number%20of%20staff%3A%3C%2Fstrong%3E%2035%0D%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%20%3C%2Fstrong%3ESeries%20A%0D%3Cbr%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3EVarious%20institutional%20investors%20and%20notable%20angel%20investors%20(500%20MENA%2C%20Shurooq%2C%20Mada%2C%20Seedstar%2C%20Tricap)%3C%2Fp%3E%0A

How to apply for a drone permit

Individuals must register on UAE Drone app or website using their UAE Pass
Add all their personal details, including name, nationality, passport number, Emiratis ID, email and phone number
Upload the training certificate from a centre accredited by the GCAA
Submit their request

What are the regulations?

Fly it within visual line of sight
Never over populated areas
Ensure maximum flying height of 400 feet (122 metres) above ground level is not crossed
Users must avoid flying over restricted areas listed on the UAE Drone app
Only fly the drone during the day, and never at night
Should have a live feed of the drone flight
Drones must weigh 5 kg or less

Learn more about Qasr Al Hosn

In 2013, The National's History Project went beyond the walls to see what life was like living in Abu Dhabi's fabled fort:

Dhadak 2

Director: Shazia Iqbal

Starring: Siddhant Chaturvedi, Triptii Dimri

Rating: 1/5

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)

On Women's Day

Dr Nawal Al-Hosany: Why more women should be on the frontlines of climate action

Samar Elmnhrawy: How companies in the Middle East can catch up on gender equality

The National Editorial: Is there much to celebrate on International Women's Day 2021?

Justin Thomas: Challenge the notion that 'men are from Mars, women are from Venus'

How to watch Ireland v Pakistan in UAE

When: The one-off Test starts on Friday, May 11
What time: Each day’s play is scheduled to start at 2pm UAE time.
TV: The match will be broadcast on OSN Sports Cricket HD. Subscribers to the channel can also stream the action live on OSN Play.

How will Gen Alpha invest?

Mark Chahwan, co-founder and chief executive of robo-advisory firm Sarwa, forecasts that Generation Alpha (born between 2010 and 2024) will start investing in their teenage years and therefore benefit from compound interest.

“Technology and education should be the main drivers to make this happen, whether it’s investing in a few clicks or their schools/parents stepping up their personal finance education skills,” he adds.

Mr Chahwan says younger generations have a higher capacity to take on risk, but for some their appetite can be more cautious because they are investing for the first time. “Schools still do not teach personal finance and stock market investing, so a lot of the learning journey can feel daunting and intimidating,” he says.

He advises millennials to not always start with an aggressive portfolio even if they can afford to take risks. “We always advise to work your way up to your risk capacity, that way you experience volatility and get used to it. Given the higher risk capacity for the younger generations, stocks are a favourite,” says Mr Chahwan.

Highlighting the role technology has played in encouraging millennials and Gen Z to invest, he says: “They were often excluded, but with lower account minimums ... a customer with $1,000 [Dh3,672] in their account has their money working for them just as hard as the portfolio of a high get-worth individual.”

Racecard

%3Cp%3E6pm%3A%20The%20Madjani%20Stakes%20%E2%80%93%20Group%202%20(PA)%20Dh97%2C500%20(Dirt)%201%2C900m%3Cbr%3E6.35pm%3A%20Graduate%20Stakes%20%E2%80%93%20Conditions%20(TB)%20Dh100%2C000%20(D)%201%2C400m%3Cbr%3E7.10pm%3A%20Longines%20Dolcevita%20Collection%20%E2%80%93%20Maiden%20(TB)%20Dh82%2C500%20(D)%201%2C400m%3Cbr%3E7.45pm%3A%20Longines%20Legend%20Driver%20Collection%20%E2%80%93%20Maiden%20(TB)%20Dh82%2C500%20(D)%201%2C600m%3Cbr%3E8.20pm%3A%20Longines%20Master%20Collection%20%E2%80%93%20Handicap%20(TB)%20Dh105%2C000%20(D)%201%2C200m%3Cbr%3E8.55pm%3A%20Longines%20Record%20Collection%20%E2%80%93%20Handicap%20(TB)%20Dh87%2C500%20(D)%202%2C200m%3Cbr%3E9.30pm%3A%20Longines%20Spirit%20Collection%20%E2%80%93%20Handicap%20(TB)%20Dh87%2C500%20(D)%201%2C600m%3C%2Fp%3E%0A