Pirola, the new Covid-19 variant, has so far been found in Denmark, Israel, South Africa, Switzerland, the UK and the US. Photo: Reuters
Pirola, the new Covid-19 variant, has so far been found in Denmark, Israel, South Africa, Switzerland, the UK and the US. Photo: Reuters
Pirola, the new Covid-19 variant, has so far been found in Denmark, Israel, South Africa, Switzerland, the UK and the US. Photo: Reuters
Pirola, the new Covid-19 variant, has so far been found in Denmark, Israel, South Africa, Switzerland, the UK and the US. Photo: Reuters

Covid-19 Pirola variant likely to fade out, say experts


Daniel Bardsley
  • English
  • Arabic

Case numbers of a new coronavirus variant are likely to increase over winter but ultimately the virus will fade away, a leading expert has said.

The emerging BA.2.86 or Pirola variant of SARS-CoV-2 is also unlikely to cause more severe symptoms than other circulating versions.

The World Health Organisation (WHO) and the US said last month that it was closely monitoring variant, which has so far been found in Denmark, Israel, South Africa, Switzerland, the UK and the US.

Paul Hunter, a professor in medicine at the University of East Anglia in the UK, who has been one of the most prominent scientific voices during the pandemic, said that the new variant may have been "silently spreading" in countries that carry out little testing for weeks or even months.

I don't believe we'll find it's any more virulent or cause any more severe diseases
Paul Hunter,
professor in medicine at the University of East Anglia in the UK

Prof Hunter told The National that BA.2.86 had more than 30 mutations compared to its ancestor, the BA.2 variant, which caused a wave of infections.

However, he believes that the new variant is unlikely to avoid existing immunity, whether from vaccination or prior infection.

"I don't believe we'll find it's any more virulent or cause any more severe diseases," Prof Hunter said.

"It will probably increase for a while before it will fade out. Whether that drives up a huge number of infections, it's difficult to say. But probably not in my view, but we will see."

Spike in infections

Prof Hunter said infections will likely rise in the last quarter of the year, regardless of whether there are any new variants, adding that infections will peak in November, December, January and February.

The increase in infections, he says, is likely in parts of the northern hemisphere where the temperature drop in winter means that people spend extra time indoors and are more likely to catch and pass on pathogens.

Laboratory tests analysing Pirola have indicated that it's unlikely that the variant will escape immunity.

Prof Hunter said that while BA.2.86 was likely to become more common in the immediate future, it would also probably fade away just as quickly.

"That's what happens with every new variant: it starts off, looks really impressive, then a couple of months later it peters out," he said.

New variants are likely to multiply and spread more easily because people's pre-existing immunity would find it marginally harder to recognise them than pre-existing variants, he added.

However, as this advantage declines, the new variant no longer spreads faster than others. At the same time, evolution results in the creation of yet more new variants.

Increased analysis of variants

FL.1.5.1 is another variant that is causing about 15 per cent of infections in the United States. According to reports, it may be more effective at evading existing immunity than BA.2.86.

Moderna said this week that trials indicated that its vaccine against Kraken was likely to provide good protection against Pirola. Photo: AFP
Moderna said this week that trials indicated that its vaccine against Kraken was likely to provide good protection against Pirola. Photo: AFP

Ian Jones, a professor of virology at the University of Reading in the UK, said that there was an argument that the continued detection and detailed monitoring of variants was "find out more than you need".

"In years gone by, we wouldn't even know they were variants because the sequencing would not be done," he told The National.

The crucial factor, he says, is whether the new variants can cause severe symptoms.

"Will it lead people to be off work or lose their lives? The answer to that – a consistent downwards from the original strain – is no," he said.

While new vaccines have been formulated to cope with new variants, Prof Jones said that there had only been a few such updates, highlighting the way that the new variants were vulnerable to pre-existing immunity.

In August last year the US Food and Drug Administration (FDA) approved what is called bivalent vaccines from Moderna and Pfizer-BioNTech.

They are designed to provide protection against both the original version of the virus and the Omicron variant.

Reformulated vaccines aimed at providing immunity against XBB.1.5, known as Kraken, a subvariant of Omnicron, has been developed by Pfizer-BioNTech, Moderna and Novartis, and are set to be rolled out soon.

Moderna said this week that trials indicated that its vaccine against Kraken was likely to provide good protection against Pirola too, Reuters reported.

It comes after comments from both Moderna and Pfizer made last month that their Kraken vaccine also provided good protection against the Eris variant or EG.5.

"Certainly [the vaccine manufacturers] are not falling over themselves to change the vaccine with the latest variant, which tells you something," Prof Jones said.

Tips for job-seekers
  • Do not submit your application through the Easy Apply button on LinkedIn. Employers receive between 600 and 800 replies for each job advert on the platform. If you are the right fit for a job, connect to a relevant person in the company on LinkedIn and send them a direct message.
  • Make sure you are an exact fit for the job advertised. If you are an HR manager with five years’ experience in retail and the job requires a similar candidate with five years’ experience in consumer, you should apply. But if you have no experience in HR, do not apply for the job.

David Mackenzie, founder of recruitment agency Mackenzie Jones Middle East

Scores:

Day 4

England 290 & 346
Sri Lanka 336 & 226-7 (target 301)

Sri Lanka require another 75 runs with three wickets remaining

North Pole stats

Distance covered: 160km

Temperature: -40°C

Weight of equipment: 45kg

Altitude (metres above sea level): 0

Terrain: Ice rock

South Pole stats

Distance covered: 130km

Temperature: -50°C

Weight of equipment: 50kg

Altitude (metres above sea level): 3,300

Terrain: Flat ice
 

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%3Cp%3E%3Cstrong%3EAuthor%3A%20%3C%2Fstrong%3ESam%20Ottewill-Soulsby%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EPublisher%3A%20%3C%2Fstrong%3EPrinceton%20University%20Press%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EPages%3A%20%3C%2Fstrong%3E392%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EAvailable%3A%20%3C%2Fstrong%3EJuly%2011%3C%2Fp%3E%0A

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.”

Ahmed Raza

UAE cricket captain

Age: 31

Born: Sharjah

Role: Left-arm spinner

One-day internationals: 31 matches, 35 wickets, average 31.4, economy rate 3.95

T20 internationals: 41 matches, 29 wickets, average 30.3, economy rate 6.28

MATCH INFO

Manchester City 1 (Gundogan 56')

Shakhtar Donetsk 1 (Solomon 69')

As it stands in Pool A

1. Japan - Played 3, Won 3, Points 14

2. Ireland - Played 3, Won 2, Lost 1, Points 11

3. Scotland - Played 2, Won 1, Lost 1, Points 5

Remaining fixtures

Scotland v Russia – Wednesday, 11.15am

Ireland v Samoa – Saturday, 2.45pm

Japan v Scotland – Sunday, 2.45pm

What is a robo-adviser?

Robo-advisers use an online sign-up process to gauge an investor’s risk tolerance by feeding information such as their age, income, saving goals and investment history into an algorithm, which then assigns them an investment portfolio, ranging from more conservative to higher risk ones.

These portfolios are made up of exchange traded funds (ETFs) with exposure to indices such as US and global equities, fixed-income products like bonds, though exposure to real estate, commodity ETFs or gold is also possible.

Investing in ETFs allows robo-advisers to offer fees far lower than traditional investments, such as actively managed mutual funds bought through a bank or broker. Investors can buy ETFs directly via a brokerage, but with robo-advisers they benefit from investment portfolios matched to their risk tolerance as well as being user friendly.

Many robo-advisers charge what are called wrap fees, meaning there are no additional fees such as subscription or withdrawal fees, success fees or fees for rebalancing.

UAE currency: the story behind the money in your pockets
UAE currency: the story behind the money in your pockets

Fighting with My Family

Director: Stephen Merchant 

Stars: Dwayne Johnson, Nick Frost, Lena Headey, Florence Pugh, Thomas Whilley, Tori Ellen Ross, Jack Lowden, Olivia Bernstone, Elroy Powell        

Four stars

Gulf Under 19s final

Dubai College A 50-12 Dubai College B

MATCH INFO

 

Maratha Arabians 107-8 (10 ovs)

Lyth 21, Lynn 20, McClenaghan 20 no

Qalandars 60-4 (10 ovs)

Malan 32 no, McClenaghan 2-9

Maratha Arabians win by 47 runs

The President's Cake

Director: Hasan Hadi

Starring: Baneen Ahmad Nayyef, Waheed Thabet Khreibat, Sajad Mohamad Qasem 

Rating: 4/5

Updated: September 07, 2023, 9:20 AM