Thousands of Real Madrid celebrated the club’s latest Champions League triumph all night in the Spanish capital - and were preparing to party again at the Santiago Bernabeu again later on Sunday.
Fans took to the streets of Madrid and packed the club’s traditional celebration spot, the Cibeles square, after Madrid defeated Liverpool 1-0 for a record-extending 14th European title. The fans lit up flares and chanted the club’s songs and anthem throughout the night.
Many of them had been among the 55,000 who had packed the Bernabeu to watch the final on a giant screen.
The crowd at the Bernabeu erupted when Vinicius Junior scored the only goal and roared as captain Marcelo lifted the trophy.
The team will parade through the city later on Sunday, carrying the Champions League trophy on an open bus. The festivities will begin in a ceremony at a cathedral, then the squad will meet with local authorities and head to the Cibeles, where most fans are expected to be waiting for the team.
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WHAT IS A BLACK HOLE?
1. Black holes are objects whose gravity is so strong not even light can escape their pull
2. They can be created when massive stars collapse under their own weight
3. Large black holes can also be formed when smaller ones collide and merge
4. The biggest black holes lurk at the centre of many galaxies, including our own
5. Astronomers believe that when the universe was very young, black holes affected how galaxies formed
Global state-owned investor ranking by size
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United States
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China
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UAE
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Japan
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Norway
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Canada
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Singapore
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Australia
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Saudi Arabia
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South Korea
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Virtual banks explained
What is a virtual bank?
The Hong Kong Monetary Authority defines it as a bank that delivers services through the internet or other electronic channels instead of physical branches. That means not only facilitating payments but accepting deposits and making loans, just like traditional ones. Other terms used interchangeably include digital or digital-only banks or neobanks. By contrast, so-called digital wallets or e-wallets such as Apple Pay, PayPal or Google Pay usually serve as intermediaries between a consumer’s traditional account or credit card and a merchant, usually via a smartphone or computer.
What’s the draw in Asia?
Hundreds of millions of people under-served by traditional institutions, for one thing. In China, India and elsewhere, digital wallets such as Alipay, WeChat Pay and Paytm have already become ubiquitous, offering millions of people an easy way to store and spend their money via mobile phone. Indonesia, Vietnam and the Philippines are also among the world’s biggest under-banked countries; together they have almost half a billion people.
Is Hong Kong short of banks?
No, but the city is among the most cash-reliant major economies, leaving room for newcomers to disrupt the entrenched industry. Ant Financial, an Alibaba Group Holding affiliate that runs Alipay and MYBank, and Tencent Holdings, the company behind WeBank and WeChat Pay, are among the owners of the eight ventures licensed to create virtual banks in Hong Kong, with operations expected to start as early as the end of the year.
