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business Thursday 20 January 2022
Ticket price hike for World Cup final in Qatar reaches 46%

By ROB HARRIS AP Global The ticket process is be-
Soccer Writer ginning with only 13 of the
The cost of attending the 32 slots at the tournament
World Cup final is up to filled and qualifying not
46% higher in Qatar than concluding until the in-
the previous tournament tercontinental playoffs in
in Russia, fans discovered June. Applications in the
Wednesday as tickets went first phase of ticket sales
on sale. can be made on the FIFA
The steep rise in the prices website until Feb. 8 with
for the FIFA showpiece fans notified if they have
match since 2018 con- been successful in the ran-
trasts with the group stage dom draw selection by
— apart from the opening March 8.
game — and round of 16 The draw for the tourna-
seeing a reduction in the ment is scheduled for April
cost of the cheapest tick- 1 in Doha, the capital of the
ets, which fans can apply tiny oil-and-gas rich Persian
for online. Gulf nation.
The most expensive tick- As well as applying for tick-
ets on general sale for the ets for individual games,
Dec. 18 final at Lusail Sta- fans can register to follow
dium are 5,850 Qatari riyals from the equivalent of $110 sive opening-game tickets. remain at $165. their team throughout and
($1,607), up 46% from the in Russia to 750 Qatari riyals For other matches in the The cheapest tickets in the to watch four matches in
$1,100 for the 2018 final ($206). group stage, Qatari resi- round of 16 have dropped four different stadiums.
won by France. The cheapest seats on dents can buy tickets for from $115 to $96, but they FIFA aims to generate $500
Category-two tickets are general sale internation- 40 Qatari riyals ($11) — the are rising in the other two million from hospitality rights
3,650 Qatari riyals ($1,003), ally to watch the host na- cheapest for locals since categories from $185 to and ticket sales from across
up 41% from $710 for the tion open the World Cup the 1986 World Cup in Mex- $206 and $245 to $275. the eight stadiums in Qatar
final four years ago. Cat- on Nov. 21 soar 37% to ico. The cheapest tickets Supporters requesting to which are within a 30-mile
egory-three tickets — the $302 (1,100 Qatari riyals) on international sale are attend matches at the radius of Doha.
cheapest available for from $220 in Russia. There's the lowest prices since the Middle East's first World Cup The launch of ticket sales
international fans — are a rise of 13% for category- 2006 World Cup in Germa- will only discover if they are will be the first gauge of
2,200 Qatari riyals ($604), two tickets to $440 (1,600 ny at 250 Qatari riyals ($69). successful based on a ran- interest in attending argu-
one-third more expensive Qatari riyals) from $390 and Category-one tickets have dom draw at the conclu- ably the most controver-
than the $455 last time. The a similar jump from $550 in risen marginally from $210 sion of the first application sial tournament since the
category-four final tickets Russia to $618 (2,250 Qatari to $220 (800 Qatari riyals) phase which runs through World Cup was first staged
for local residents soars riyals) for the most expen- while the category two will Feb. 8. in 1930.q

Stocks mixed on Wall Street; investors review earnings

By DAMIAN J. TROISE Microsoft rose 2.7% and the 10-year Treasury fell to on spending. Demand for kets and the economy. The
AP Business Writer Adobe rose 2.6%. 1.84% from 1.87% late Tues- goods has outpaced com- central bank is likely to raise
Stocks turned mixed in af- Stocks have slid in Janu- day. Investors are busy re- panies' capacity to make interest rates earlier and
ternoon trading on Wall ary as investors gauge how viewing the latest round of and supply products, which more often than had been
Street as investors review rising inflation will impact corporate earnings. Health has caused supply chain expected to fight rising in-
the latest corporate earn- businesses and consumers, insurer UnitedHealth Group problems and raised raw flation. As of late Tuesday,
ings and prepare for higher along with the Federal Re- rose 1.4% after reporting materials costs. investors were pricing in a
interest rates. serve's next move on inter- encouraging financial re- Economists expect inflation better than 86% probability
The S&P 500 rose 0.3% as est rate policy. sults. Bank of America rose to remain high until those that the Fed will raise short-
of 12:47 p.m. Eastern. The "We've seen some give- 0.4% after reporting a jump supply chain issues are term rates at its meeting
Dow Jones Industrial Aver- backs from the returns we in profits that beat analysts' solved and consumer de- of policymakers in March.
age rose 42 points, or 0.1%, got last year," said Megan forecasts. mand is tempered. Mean- A month ago, they saw
to 35,411 and the Nasdaq Horneman, director of port- Household and consumer while, the Federal Reserve less than a 47% chance of
rose 0.6%. folio strategy at Verdence goods company Procter is speeding up its with- that, according to CME
The major indexes Capital Advisors. "What & Gamble rose 4.2% after drawal of support for mar- Group.q
bounced between gains we're seeing is that the also reporting strong finan-
and losses throughout the market is resetting now." cial results. The maker of
morning, with technology A mix of travel-related Dawn dish detergent and
stocks again giving direc- companies and automak- other products reported
tion to the broader market. ers fell. Ford slumped 7% strong results as it passed
The sector has triggered following news that it's re- along higher costs to con-
much of the choppiness in calling about 200,000 cars sumers.
the market as investors shift in the U.S. to fix a problem Wall Street is closely watch-
money in expectation of that can stop the brake ing the latest round of re-
rising interest rates. Higher lights from turning off. sults to gauge whether in-
rates make shares in high- Communications compa- flation is cutting into profit
flying tech companies and nies and makers of house- margins for companies and
other expensive growth hold goods and consumer to see whether consumers
stocks relatively less attrac- products gained ground. are accepting the higher
tive. Bond yields fell. The yield on prices without cutting back