Live updates: follow the latest news on Covid-19 variant Omicron
The BA.2 Omicron sub-variant is more infectious and better at evading vaccines than the BA.1 original variant, a Danish study has found.
A separate study published on Tuesday found it has no advantage in evading the body's powerful immune cells known as T-cells.
BA.2 first appeared in early December and is fast becoming the dominant strain in the UK, South Africa and Germany. It is already the most prevalent source of infection in India and Denmark, where the study was conducted.
The researchers found that within seven days of being infected with BA.2, a person would spread it to other members of their family in 39 per cent of cases. This compares to 29 per cent of cases when the infection was from BA.1. Consequently, they calculated that BA.2 is 33 per cent more transmissible than BA.1.
Other findings suggested unvaccinated people within a household were twice as likely to be infected from BA.2 than from BA.1.
However, BA.2 does not increase in transmissibility from BA.1 when a vaccinated person has been infected, the study indicated.
The study tracked 8,541 household infections between late December and early January, around a quarter of which were BA.2.
Separate research from the UK Health Security Agency last week acknowledged BA.2's “substantial” growth advantage but suggested that vaccine effectiveness against it was not reduced.
Mushrooming BA.2 cases suggest the Omicron wave may hang around for longer than expected, especially as it is spawning far more reinfections than any other Covid-19 wave. A reinfection is defined as someone who tests positive for Covid-19 more than 90 days after a previous positive result.
We shouldn’t be kidding ourselves that there might not be another variant that comes along, that it might be worse than Omicron and Delta
Prof Denis Kinane
Frederik Plesner Lyngse, a University of Copenhagen researcher and lead author of the study, said reinfections would undoubtedly prolong the wave.
“If you … can get reinfected with BA.2 that would essentially allow this wave to keep on going longer than we would expect,” he said.
The increased infectivity of BA.2 led one scientist to question the UK government's lifting of most remaining Covid restrictions last week, including mask wearing and working from home guidance.
“We shouldn’t be kidding ourselves that there might not be another variant that comes along, that it might be worse than Omicron and Delta,” Prof Professor Denis Kinane, founding scientist of Cignpost Diagnostics, told The National.
Prof Peter Garred, a clinical immunologist at Copenhagen’s Rigshospitalet, was more sanguine.
Like the UK, Denmark has dropped most of its remaining restrictions but Prof Garred said he believed highly vaccinated populations would “manage BA.2 quite well”.
T cells to the rescue?
He did, however, warn of waning immunity later in the year but any such attenuation could be offset by natural immunity. A study published on Tuesday found Covid-busting T cells are able to recognise Omicron, despite its extensive mutations.
Catherine Riou and Wendy Burgers, along with colleagues from the University of Cape Town, South Africa, examined T cell responses in people who had previously been vaccinated or infected with earlier variants of the virus.
The authors examined the T cell response from 40 people who had received either one or two doses of the Johnson & Johnson vaccine, 15 who had received two doses of the Pfizer/BioNTech jab, and 15 unvaccinated people who had had previous infection.
They found that 70 to 80 per cent of T cell responses were maintained against the Omicron spike protein across the study groups.
For 19 patients who were admitted to hospital with Omicron in South Africa — where the variant was first detected — the authors found that these people had T cell responses comparable to those seen in patients who were admitted to hospital in previous waves of the pandemic, when the Beta and Delta variants were dominant.
"Despite Omicron's extensive mutations and reduced susceptibility to neutralising antibodies, the majority of T cell responses, induced by vaccination or infection, cross-recognise the variant," the authors wrote in the journal Nature.
"It remains to be determined whether well-preserved T cell immunity to Omicron contributes to protection from severe Covid-19, and is linked to early clinical observations from South Africa and elsewhere."
UK Covid-19 latest on January 26 — in pictures
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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India Kohli (c), Dhawan, Rohit, Rahul, Pandey, Rahane, Jadhav, Dhoni (wk), Pandya, Axar, Kuldeep, Chahal, Bumrah, Bhuvneshwar, Thakur.
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How green is the expo nursery?
Some 400,000 shrubs and 13,000 trees in the on-site nursery
An additional 450,000 shrubs and 4,000 trees to be delivered in the months leading up to the expo
Ghaf, date palm, acacia arabica, acacia tortilis, vitex or sage, techoma and the salvadora are just some heat tolerant native plants in the nursery
Approximately 340 species of shrubs and trees selected for diverse landscape
The nursery team works exclusively with organic fertilisers and pesticides
All shrubs and trees supplied by Dubai Municipality
Most sourced from farms, nurseries across the country
Plants and trees are re-potted when they arrive at nursery to give them room to grow
Some mature trees are in open areas or planted within the expo site
Green waste is recycled as compost
Treated sewage effluent supplied by Dubai Municipality is used to meet the majority of the nursery’s irrigation needs
Construction workforce peaked at 40,000 workers
About 65,000 people have signed up to volunteer
Main themes of expo is ‘Connecting Minds, Creating the Future’ and three subthemes of opportunity, mobility and sustainability.
Expo 2020 Dubai to open in October 2020 and run for six months
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Winner: Son Of Normandy, Fernando Jara, Ahmad bin Harmash
Results
5pm: Maiden (PA) Dh80,000 (Turf) 1,600m; Winner: Rawat Al Reef, Adrie de Vries (jockey), Abdallah Al Hammadi (trainer)
5.30pm: Wathba Stallions Cup Handicap (PA) Dh70,000 (T) 1,400m; Winner: Noof KB, Richard Mullen, Ernst Oertel
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8pm: Abu Dhabi Championship – Group 3 (TB) Dh380,000 (T) 2,200m; Winner: Irish Freedom, Antonio Fresu, Satish Seemar
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A widely accepted definition was made by the All Party Parliamentary Group on British Muslims in 2019: “Islamophobia is rooted in racism and is a type of racism that targets expressions of Muslimness or perceived Muslimness.” It further defines it as “inciting hatred or violence against Muslims”.
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KILLING OF QASSEM SULEIMANI
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