Live updates: follow the latest news on Russia-Ukraine
An invasion of Ukraine by Russia would send shock waves around the world, UK Prime Minister Boris Johnson said, as he warned that the threat of sanctions and other measures may not be enough to deter a Russian attack.
While the intentions of Russian President Vladimir Putin were not fully clear, Mr Johnson told the Munich Security Conference that “the omens are grim”.
He said the UK still hoped diplomacy and dialogue could succeed, despite the presence of tens of thousands of Russian troops on the Ukranian border.
“If Ukraine is invaded, the shock will echo around the world. And those echoes will be heard in East Asia, they will be heard in Taiwan,” Mr Johnson said.
“When I spoke to the prime ministers of Japan and Australia this week, they left me in no doubt that the economic and political shocks will be felt on the far side of the world.”
He called for western unity in the face of the threats, adding that sanctions in response to Russian military action against Ukraine would make it “impossible” for Moscow to access the City of London's capital markets.
“We must accept that these measures by the UK and our allies – draconian sanctions, rinsing out dirty money, the intensification of Nato's defences, fortifying our Ukrainian friends – they may not be enough to deter Russian aggression, and it is therefore vital that we learn the lessons of 2014,” Mr Johnson said, referring to the conflict between Russia and Ukraine eight years ago.
The UK has long been accused of turning a blind eye to lucrative flows of Russian-sourced money through London, although the government has sought to crack down on that.
Mr Johnson said Britain intended to “open up the Matryoshka dolls of Russian-owned companies and Russian-owned entities, to find the ultimate beneficiaries within".
The prime minister said that many western leaders, including himself, had visited Kiev in recent weeks to reassure Ukraine of their support.
“How hollow, how meaningless, how insulting those words would seem if, at the very moment when their sovereignty and independence is imperilled, we simply look away.”
UAE tour of the Netherlands
UAE squad: Rohan Mustafa (captain), Shaiman Anwar, Ghulam Shabber, Mohammed Qasim, Rameez Shahzad, Mohammed Usman, Adnan Mufti, Chirag Suri, Ahmed Raza, Imran Haider, Mohammed Naveed, Amjad Javed, Zahoor Khan, Qadeer Ahmed
Fixtures and results:
Monday, UAE won by three wickets
Wednesday, 2nd 50-over match
Thursday, 3rd 50-over match
Specs
Engine: Duel electric motors
Power: 659hp
Torque: 1075Nm
On sale: Available for pre-order now
Price: On request
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.
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UAE currency: the story behind the money in your pockets
KILLING OF QASSEM SULEIMANI
The view from The National
Marathon results
Men:
1. Titus Ekiru(KEN) 2:06:13
2. Alphonce Simbu(TAN) 2:07:50
3. Reuben Kipyego(KEN) 2:08:25
4. Abel Kirui(KEN) 2:08:46
5. Felix Kemutai(KEN) 2:10:48
Women:
1. Judith Korir(KEN) 2:22:30
2. Eunice Chumba(BHR) 2:26:01
3. Immaculate Chemutai(UGA) 2:28:30
4. Abebech Bekele(ETH) 2:29:43
5. Aleksandra Morozova(RUS) 2:33:01
Recent winners
2002 Giselle Khoury (Colombia)
2004 Nathalie Nasralla (France)
2005 Catherine Abboud (Oceania)
2007 Grace Bijjani (Mexico)
2008 Carina El-Keddissi (Brazil)
2009 Sara Mansour (Brazil)
2010 Daniella Rahme (Australia)
2011 Maria Farah (Canada)
2012 Cynthia Moukarzel (Kuwait)
2013 Layla Yarak (Australia)
2014 Lia Saad (UAE)
2015 Cynthia Farah (Australia)
2016 Yosmely Massaad (Venezuela)
2017 Dima Safi (Ivory Coast)
2018 Rachel Younan (Australia)
Recipe: Spirulina Coconut Brothie
Ingredients
1 tbsp Spirulina powder
1 banana
1 cup unsweetened coconut milk (full fat preferable)
1 tbsp fresh turmeric or turmeric powder
½ cup fresh spinach leaves
½ cup vegan broth
2 crushed ice cubes (optional)
Method
Blend all the ingredients together on high in a high-speed blender until smooth and creamy.
Benefits of first-time home buyers' scheme
- Priority access to new homes from participating developers
- Discounts on sales price of off-plan units
- Flexible payment plans from developers
- Mortgages with better interest rates, faster approval times and reduced fees
- DLD registration fee can be paid through banks or credit cards at zero interest rates
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