Ex-Thai leader Thaksin, exiled in UAE, says he will not return to power



DUBAI // The exiled former Thai prime minister Thaksin Shinawatra today said he did not want to be the premier again after the opposition Pheu Thai party — led by his charismatic sister, Yingluck — toppled the ruling party in yesterday's elections.

Video: Thaksin's sister to lead Thailand

Celebrations overnight and mixed reactions in the morning after Thailand wakes to its first female premier, Yingluck Shinawatra, sister of exiled former premier Thaksin.

"I don't want to be prime minister," Mr Shinawatra, 62, told reporters outside his plush Emirates Hills home in Dubai.

"When my youngest sister became prime minister, it is not for my generation anymore...I may be too old. I have been with the party for too long. I want to retire," he said.

The fugitive billionaire, who was charged with corruption and was overthrown in 2006, said he was in no "hurry" to return to his country, but did not rule out the possibility of playing adviser to the new government.

"The concern is trying to bring back the unity. Going back home is not a top priority," he said, adding, "I am ready to go back if it were to be part of the solution for reconciliation."

He said he was confident of his American educated sister's ability to steer the nation towards democracy and reconciliation, despite criticism over her lack of political experience.

"My sister will be leading the country and the party. I am proud of her and trust her," he said, adding, "The Thai people will be in good hands."

pkannan@thenational.ae

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 Apple's credit card works

The Apple Card looks different from a traditional credit card — there's no number on the front and the users' name is etched in metal. The card expands the company's digital Apple Pay services, marrying the physical card to a virtual one and integrating both with the iPhone. Its attributes include quick sign-up, elimination of most fees, strong security protections and cash back.

What does it cost?

Apple says there are no fees associated with the card. That means no late fee, no annual fee, no international fee and no over-the-limit fees. It also said it aims to have among the lowest interest rates in the industry. Users must have an iPhone to use the card, which comes at a cost. But they will earn cash back on their purchases — 3 per cent on Apple purchases, 2 per cent on those with the virtual card and 1 per cent with the physical card. Apple says it is the only card to provide those rewards in real time, so that cash earned can be used immediately.

What will the interest rate be?

The card doesn't come out until summer but Apple has said that as of March, the variable annual percentage rate on the card could be anywhere from 13.24 per cent to 24.24 per cent based on creditworthiness. That's in line with the rest of the market, according to analysts

What about security? 

The physical card has no numbers so purchases are made with the embedded chip and the digital version lives in your Apple Wallet on your phone, where it's protected by fingerprints or facial recognition. That means that even if someone steals your phone, they won't be able to use the card to buy things.

Is it easy to use?

Apple says users will be able to sign up for the card in the Wallet app on their iPhone and begin using it almost immediately. It also tracks spending on the phone in a more user-friendly format, eliminating some of the gibberish that fills a traditional credit card statement. Plus it includes some budgeting tools, such as tracking spending and providing estimates of how much interest could be charged on a purchase to help people make an informed decision. 

* Associated Press 

In numbers: PKK’s money network in Europe

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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 

Company profile

Name: Infinite8

Based: Dubai

Launch year: 2017

Number of employees: 90

Sector: Online gaming industry

Funding: $1.2m from a UAE angel investor

UAE currency: the story behind the money in your pockets
Zombieland: Double Tap

Director: Ruben Fleischer

Stars: Woody Harrelson, Jesse Eisenberg, Emma Stone

Four out of five stars 

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