Austria begins lockdown as Covid riots hit Europe


Tim Stickings
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Austria entered a national lockdown on Monday to contain a rapidly spreading coronavirus outbreak, becoming the first country in Western Europe to re-impose blanket restrictions since vaccines became widely available.

The country’s nine million people, including the fully vaccinated, will be banned from leaving their homes for 20 days except for essential purposes.

It is the strictest measure taken so far to stem a rising tide of Covid-19 infections across Europe, which German Health Minister Jens Spahn said on Monday would leave almost everyone in the country "vaccinated, cured or dead" by the end of winter.

Austria's measures led to weekend protests that the government said were infiltrated by neo-Nazis and other extremists.

Some protesters wore a yellow star reading “not vaccinated” in a provocative echo of the Star of David which Jews were forced to wear by the Nazis.

Interior Minister Karl Nehammer said that although many protesters were peaceful, the mood among unvaccinated people and opponents of restrictions was becoming more radicalised.

“There are worried citizens who want to express their discontent. But there is also a group who tries to hijack these demonstrations and use it for their own purposes, and that is the extreme right,” he said.

“There were well-known neo-Nazis from days gone by, as well as representatives of the new extreme-right scene.”

Mr Nehammer said hooligans had clashed with police, and revealed that death threats had been made against Austria’s chancellor and health minister because of the restrictions.

About 66 per cent of Austria’s population is fully vaccinated, one of the lower rates in Western Europe. Compulsory shots will take effect from February.

David Nabarro, a special envoy for the World Health Organisation, said the UN agency was worried by polarised views on the virus.

“There’s only one way to deal with this, and that’s partnerships between governments and people,” he told BBC Radio 4’s Today programme.

“Of course, if that’s going to be turned into polarisation, that gets to be extremely challenging.”

Asked about compulsory vaccinations, he said he wished they were not necessary but could become so if health systems came under strain.

The Austrian protests came amid sometimes violent rallies across Europe as the restrictions gradually lifted over the past year start to come back into play.

About 35,000 protested in Brussels on Sunday, with Belgian police firing tear gas and water cannon at demonstrators.

The rally descended into violence after many of the protesters had left, with some of the stragglers smashing cars and setting bins on fire.

Although Belgium has stopped short of locking down like Austria, it has ordered people to work from home where possible and extended mask requirements across the country.

Protesters face riot police during a protest in Brussels, Belgium. EPA
Protesters face riot police during a protest in Brussels, Belgium. EPA

In the Netherlands, where the government has ordered businesses to close early and limited social visits, more than 130 people were arrested during three nights of unrest.

Dutch Prime Minister Mark Rutte on Monday described the riots as "pure violence under the guise of protest".

"I will never accept that idiots use pure violence," he told Dutch media.

In Leeuwarden, police vans were pelted with rocks on Sunday and black-clad groups chanted and set off flares. Police used batons to disperse a crowd in Enschede.

In Denmark, about 1,000 people expressed their anger at the return of vaccine certificates for civil servants. There was further public anger in Zagreb, the capital of Croatia.

Meanwhile, France sent dozens of elite forces to its Caribbean island territory of Guadeloupe after arson and looting erupted despite an overnight curfew.

The WHO said last week that Europe was the only region in which Covid-19 deaths were rising. The autumn surge of infections is overwhelming hospitals in many Central and Eastern European nations.

In Germany, where infection levels are at a record high, state leaders agreed new rules in which tougher measures will be triggered if the pressure on hospitals becomes too severe.

After Mr Spahn's stark comments, Chancellor Angela Merkel told party colleagues that the situation was "highly dramatic" and that current measures were not enough, party sources told AFP.

In the UK, which lifted nearly all restrictions in July, ministers have resisted calls to switch to a Plan B in which masks and vaccine checks could become compulsory.

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Terror attacks in Paris, November 13, 2015

- At 9.16pm, three suicide attackers killed one person outside the Atade de France during a foootball match between France and Germany- At 9.25pm, three attackers opened fire on restaurants and cafes over 20 minutes, killing 39 people- Shortly after 9.40pm, three other attackers launched a three-hour raid on the Bataclan, in which 1,500 people had gathered to watch a rock concert. In total, 90 people were killed- Salah Abdeslam, the only survivor of the terrorists, did not directly participate in the attacks, thought to be due to a technical glitch in his suicide vest- He fled to Belgium and was involved in attacks on Brussels in March 2016. He is serving a life sentence in France

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Friday Celta Vigo v Villarreal (midnight kick-off UAE)

Saturday Sevilla v Real Sociedad (4pm), Atletico Madrid v Athletic Bilbao (7.15pm), Granada v Barcelona (9.30pm), Osasuna v Real Madrid (midnight)

Sunday Levante v Eibar (4pm), Cadiz v Alaves (7.15pm), Elche v Getafe (9.30pm), Real Valladolid v Valencia (midnight)

Monday Huesca v Real Betis (midnight)

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

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German intelligence warnings
  • 2002: "Hezbollah supporters feared becoming a target of security services because of the effects of [9/11] ... discussions on Hezbollah policy moved from mosques into smaller circles in private homes." Supporters in Germany: 800
  • 2013: "Financial and logistical support from Germany for Hezbollah in Lebanon supports the armed struggle against Israel ... Hezbollah supporters in Germany hold back from actions that would gain publicity." Supporters in Germany: 950
  • 2023: "It must be reckoned with that Hezbollah will continue to plan terrorist actions outside the Middle East against Israel or Israeli interests." Supporters in Germany: 1,250 

Source: Federal Office for the Protection of the Constitution

Updated: November 22, 2021, 12:53 PM