Goalkeeping quality will figure heavily into the Women's World Cup semi-final between Germany and the US with stars Nadine Angerer, left, and Hope Solo, right, in net for the Germans and Americans, respectively. (Photos: Dennis Grombkowski / Bongarts / Getty Images and Jana Chytilova / Freestyle Photo / Getty Images / AFP)
Goalkeeping quality will figure heavily into the Women's World Cup semi-final between Germany and the US with stars Nadine Angerer, left, and Hope Solo, right, in net for the Germans and Americans, reShow more

‘Chests are high’ as superpowers US and Germany collide at Women’s World Cup



Germany and the United States clash in Montreal on Tuesday for the first final berth of the Women’s World Cup with champions Japan and England playing their semi-final in Edmonton on Wednesday.

As the tournament enters the final straight the world order remains unchanged with the only absence being third-ranked France who came up against top-ranked Germany in the quarter-finals, losing 5-4 on penalties after the tie ended 1-1 after extra time.

Holders Japan are ranked fourth and take on England, two places below them, while Sweden, in fifth, also fell by the wayside to Germany 4-1 in the last 16.

Australia, the lowest ranked team in the quarter-finals at tenth, were beaten 1-0 by Japan.

Germany and the United States, ranked second behind the European champions, have split four of the six titles the tournament has had to offer since the inaugural edition in China 1991.

Both will be bidding to stay in the running for a record third title in Vancouver on July 5.

The US won in China and took a second in 1999 at home, with Germany winning back-to-back titles in 2003 and 2007.

Germany will have to show that they have recovered from their tough 120 minutes of football against France.

“Winning such a tough game as against France makes you very confident but we had to play for 120 minutes, we have some injured players, we have to rest and to recover,” said Germany coach Silvia Neid.

“The next task won’t be any easier but we are among the best four teams in the world and we’re feeling good so maybe there is some life left in us to go on,” Neid added.

“They’re Germans – it won’t be a disadvantage for them,” US coach Jill Ellis was quick to point out.

The Americans will nevertheless be fresher having eased past China 1-0, although they had tougher group matches against Australia, Nigeria and Sweden.

The European champions also have the added motivation of matching their men’s World Cup success last year in Brazil.

But Neid, who is stepping down to become the German Football Association’s (DFB) head of scouting for women and girls next year, is also looking to inspire future generations.

“Everyone in Germany would be very happy and proud of us and we would receive a very nice reception of course but being successful helps to promote women’s soccer in the future,” said the 51-year-old.

Neid’s side have scored the most goals in the competition with 20 – ten in their opener against the Ivory Coast – but the US, with Hope Solo in goal, have conceded just one in their opening game against Australia.

Germany’s Celia Sasic is the top scorer with six goals, and they also have former world goalkeeper of the year Nadine Angerer, who proved her reliability in the penalty shootout against France.

Ellis’s Americans are riding high after their win over 1999 finalists China.

“This game was huge going into our semi-final match,” said Carli Lloyd.

“The confidence was slowly building after this game it really, really helped us. Everybody is feeling so good collectively.”

It will be the third World Cup meeting between the two superpowers – the Americans won 5-2 in 1991 and 3-2 in 1999, with Germany winning 3-0 in 2003 – and each time the winners went on to take the title.

“I can just tell in them, their chests are high and they’re ready to go and its a really good feeling heading into the semi,” warned Ellis.

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Key changes

Commission caps

For life insurance products with a savings component, Peter Hodgins of Clyde & Co said different caps apply to the saving and protection elements:

• For the saving component, a cap of 4.5 per cent of the annualised premium per year (which may not exceed 90 per cent of the annualised premium over the policy term). 

• On the protection component, there is a cap  of 10 per cent of the annualised premium per year (which may not exceed 160 per cent of the annualised premium over the policy term).

• Indemnity commission, the amount of commission that can be advanced to a product salesperson, can be 50 per cent of the annualised premium for the first year or 50 per cent of the total commissions on the policy calculated. 

• The remaining commission after deduction of the indemnity commission is paid equally over the premium payment term.

• For pure protection products, which only offer a life insurance component, the maximum commission will be 10 per cent of the annualised premium multiplied by the length of the policy in years.

Disclosure

Customers must now be provided with a full illustration of the product they are buying to ensure they understand the potential returns on savings products as well as the effects of any charges. There is also a “free-look” period of 30 days, where insurers must provide a full refund if the buyer wishes to cancel the policy.

“The illustration should provide for at least two scenarios to illustrate the performance of the product,” said Mr Hodgins. “All illustrations are required to be signed by the customer.”

Another illustration must outline surrender charges to ensure they understand the costs of exiting a fixed-term product early.

Illustrations must also be kept updatedand insurers must provide information on the top five investment funds available annually, including at least five years' performance data.

“This may be segregated based on the risk appetite of the customer (in which case, the top five funds for each segment must be provided),” said Mr Hodgins.

Product providers must also disclose the ratio of protection benefit to savings benefits. If a protection benefit ratio is less than 10 per cent "the product must carry a warning stating that it has limited or no protection benefit" Mr Hodgins added.

COMPANY PROFILE
Name: Kumulus Water
 
Started: 2021
 
Founders: Iheb Triki and Mohamed Ali Abid
 
Based: Tunisia 
 
Sector: Water technology 
 
Number of staff: 22 
 
Investment raised: $4 million 
How to play the stock market recovery in 2021?

If you are looking to build your long-term wealth in 2021 and beyond, the stock market is still the best place to do it as equities powered on despite the pandemic.

Investing in individual stocks is not for everyone and most private investors should stick to mutual funds and ETFs, but there are some thrilling opportunities for those who understand the risks.

Peter Garnry, head of equity strategy at Saxo Bank, says the 20 best-performing US and European stocks have delivered an average return year-to-date of 148 per cent, measured in local currency terms.

Online marketplace Etsy was the best performer with a return of 330.6 per cent, followed by communications software company Sinch (315.4 per cent), online supermarket HelloFresh (232.8 per cent) and fuel cells specialist NEL (191.7 per cent).

Mr Garnry says digital companies benefited from the lockdown, while green energy firms flew as efforts to combat climate change were ramped up, helped in part by the European Union’s green deal. 

Electric car company Tesla would be on the list if it had been part of the S&P 500 Index, but it only joined on December 21. “Tesla has become one of the most valuable companies in the world this year as demand for electric vehicles has grown dramatically,” Mr Garnry says.

By contrast, the 20 worst-performing European stocks fell 54 per cent on average, with European banks hit by the economic fallout from the pandemic, while cruise liners and airline stocks suffered due to travel restrictions.

As demand for energy fell, the oil and gas industry had a tough year, too.

Mr Garnry says the biggest story this year was the “absolute crunch” in so-called value stocks, companies that trade at low valuations compared to their earnings and growth potential.

He says they are “heavily tilted towards financials, miners, energy, utilities and industrials, which have all been hit hard by the Covid-19 pandemic”. “The last year saw these cheap stocks become cheaper and expensive stocks have become more expensive.” 

This has triggered excited talk about the “great value rotation” but Mr Garnry remains sceptical. “We need to see a breakout of interest rates combined with higher inflation before we join the crowd.”

Always remember that past performance is not a guarantee of future returns. Last year’s winners often turn out to be this year’s losers, and vice-versa.

Results:

CSIL 2-star 145cm One Round with Jump-Off

1.           Alice Debany Clero (USA) on Amareusa S 38.83 seconds

2.           Anikka Sande (NOR) For Cash 2 39.09

3.           Georgia Tame (GBR) Cash Up 39.42

4.           Nadia Taryam (UAE) Askaria 3 39.63

5.           Miriam Schneider (GER) Fidelius G 47.74

Formula Middle East Calendar (Formula Regional and Formula 4)
Round 1: January 17-19, Yas Marina Circuit – Abu Dhabi
 
Round 2: January 22-23, Yas Marina Circuit – Abu Dhabi
 
Round 3: February 7-9, Dubai Autodrome – Dubai
 
Round 4: February 14-16, Yas Marina Circuit – Abu Dhabi
 
Round 5: February 25-27, Jeddah Corniche Circuit – Saudi Arabia
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Europe’s rearming plan
  • Suspend strict budget rules to allow member countries to step up defence spending
  • Create new "instrument" providing €150 billion of loans to member countries for defence investment
  • Use the existing EU budget to direct more funds towards defence-related investment
  • Engage the bloc's European Investment Bank to drop limits on lending to defence firms
  • Create a savings and investments union to help companies access capital
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THE%20SWIMMERS
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Mia Man’s tips for fermentation

- Start with a simple recipe such as yogurt or sauerkraut

- Keep your hands and kitchen tools clean. Sanitize knives, cutting boards, tongs and storage jars with boiling water before you start.

- Mold is bad: the colour pink is a sign of mold. If yogurt turns pink as it ferments, you need to discard it and start again. For kraut, if you remove the top leaves and see any sign of mold, you should discard the batch.

- Always use clean, closed, airtight lids and containers such as mason jars when fermenting yogurt and kraut. Keep the lid closed to prevent insects and contaminants from getting in.

 

A State of Passion

Directors: Carol Mansour and Muna Khalidi

Stars: Dr Ghassan Abu-Sittah

Rating: 4/5

The Brutalist

Director: Brady Corbet

Stars: Adrien Brody, Felicity Jones, Guy Pearce, Joe Alwyn

Rating: 3.5/5

The years Ramadan fell in May

1987

1954

1921

1888

Squads

India: Kohli (c), Rahul, Shaw, Agarwal, Pujara, Rahane, Vihari, Pant (wk), Ashwin, Jadeja, Kuldeep, Shami, Umesh, Siraj, Thakur

West Indies: Holder (c), Ambris, Bishoo, Brathwaite, Chase, Dowrich (wk), Gabriel, Hamilton, Hetmyer, Hope, Lewis, Paul, Powell, Roach, Warrican, Joseph

The specs

Engine: 3.8-litre, twin-turbo V8

Transmission: seven-speed automatic

Power: 592bhp

Torque: 620Nm

Price: Dh980,000

On sale: now

Company name: Play:Date

Launched: March 2017 on UAE Mother’s Day

Founder: Shamim Kassibawi

Based: Dubai with operations in the UAE and US

Sector: Tech 

Size: 20 employees

Stage of funding: Seed

Investors: Three founders (two silent co-founders) and one venture capital fund

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Avatar%3A%20The%20Way%20of%20Water
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The specs

Engine: Dual 180kW and 300kW front and rear motors

Power: 480kW

Torque: 850Nm

Transmission: Single-speed automatic

Price: From Dh359,900 ($98,000)

On sale: Now

COMPANY%20PROFILE
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