It is just over four years since the novel coronavirus – which came to be known as Covid-19 – first emerged in the Chinese city of Wuhan.
The rapid outbreak of the disease sparked a pandemic, claiming millions of lives and devastating economies the world over.
Now experts are working to prevent a future global health crisis by sharpening their focus on an as yet unknown threat, often termed as Disease X.
At a World Economic Forum discussion in Davos this week, World Health Organisation Director General Dr Tedros Adhanom Ghebreyesus warned that societies were “still not prepared” for what could be on the horizon.
His stark message was delivered more than five years after the WHO began including Disease X on its list of priority diseases.
This list covers the pathogens, identified or as-yet-unknown, that are said to pose the biggest threats, but for which there may not be adequate countermeasures.
Raising the alarm
“Disease X represents the knowledge that a serious international epidemic could be caused by a pathogen currently unknown to cause human disease,” is how the WHO puts it.
As part of the WHO’s preparedness planning, more than 200 scientists are currently assessing the pandemic risks from no fewer than 30 families of viruses along with a core group of bacteria – and Disease X.
Ian Jones, professor of virology at the University of Reading in the UK, said that it was almost certain that the next pandemic would be caused by a virus.
“Viruses are the only things that can appear suddenly and spread most quickly,” he said.
In the wake of the Covid-19 pandemic, another coronavirus is an obvious potential source, as there are countless types of them in animals.
One could pose a threat if it crossed the species barrier and began infecting and spreading between people. This is what is often thought to have happened with Sars-CoV-2, the virus that causes Covid-19.
There have now been more than 773 million cases of Covid-19 and seven million deaths, according to official figures, although the real tally is likely to be much higher.
A key concern for Prof Paul Hunter, an infectious diseases researcher at the University of East Anglia in the UK, is the trade in wild animal bushmeat, something that he and his colleagues have been writing about for around two decades.
“The problem is not local communities catching bushmeat and eating it. Even if they get something nasty, it’s unlikely in remote areas to spread rapidly,” he said.
“When you bring these animals into cities, if something makes the jump, then it’s much more likely to spread. That’s certainly what happened with Sars in 2003 and almost certainly what happened with Covid. That’s the big threat.
“What’s certain is that Covid isn’t the last new pandemic we’ll experience in the coming decades.”
More pandemics to come
While coronaviruses are at or close to the top of lists of where the next pandemic is likely to come from, there is currently “an unprecedented level of immunity” to them in the population because of the large number of infections in recent times, Prof Jones said.
As a result, the chance of another coronavirus soon emerging as a threat in the way that Sars-CoV-2 did is “quite small”, he said.
The number one risk for Prof Jones is the potential for a new type of influenza to emerge – not least because this family of viruses has caused pandemics “many times before”.
Known flu pandemics began in 1889, 1918, 1957, 1968, 1977 and 2009, with the worst thought to have been the Spanish flu pandemic of 1918 to 1920, which killed tens of millions.
Further down the list of pandemic threats, Ebola virus disease has grabbed many headlines because of its high death rate, often above 50 per cent, among those infected.
However, as with the similar Marburg virus, which is also caused by a filovirus, it likely does not pass easily enough between people to become a global concern.
“Haemorrhagic fevers like Ebola are much more lethal, but don’t spread anywhere near as readily as respiratory viruses,” Prof Hunter said.
Another cause for concern is Nipah virus, which, the WHO states, is contracted by people in contact with infected bats or pigs.
First identified in Malaysia in 1998, this paramyxovirus has recently caused a number of infections and deaths in India and is, Prof Jones said, commonly among those viruses listed as potential causes of the next pandemic.
However, because the virus infects the brain and central nervous system tissues, he sees it as being less likely than others to spread easily.
“The likelihood of the virus suddenly becoming transmissible by the respiratory route is almost inconceivable,” said Prof Jones.
Ready to respond
The speed with which vaccines against Covid-19 were developed indicates that, if or when another pandemic emerges, the world may be in a better position to respond than was the case in previous decades.
In a paper published in NPJ Vaccines journal in November, scientists from the pharmaceutical company Pfizer – which with BioNTech produced one of the key Covid-19 vaccines – said that lessons from Covid-19 and influenza pandemics “underscore the importance of strengthening surveillance systems [and] investing in early-stage research on pandemic pathogens”.
They also said it showed the importance of the “development of platform technologies”.
This follows the rollout of new forms of vaccine, notably messenger RNA or mRNA vaccines, during the pandemic.
Prof Jones said that it was also important to minimise the risks of another pandemic emerging and, for him, agriculture is central to this.
“The amount of meat being consumed in the world, the number of pigs bred and processed per unit of land mass and unit of population is huge,” he said.
“I don’t think people appreciate the amount of biological material being amplified and moved around. That’s one area that poses a risk.
“If things were able to get into that population of farm animals, there’s a huge opportunity for it amplify, because all the animals are the same and in a dense population, and [there is] the chance for it to be transmitted to people.”
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Libya's Gold
UN Panel of Experts found regime secretly sold a fifth of the country's gold reserves.
The panel’s 2017 report followed a trail to West Africa where large sums of cash and gold were hidden by Abdullah Al Senussi, Qaddafi’s former intelligence chief, in 2011.
Cases filled with cash that was said to amount to $560m in 100 dollar notes, that was kept by a group of Libyans in Ouagadougou, Burkina Faso.
A second stash was said to have been held in Accra, Ghana, inside boxes at the local offices of an international human rights organisation based in France.
How much do leading UAE’s UK curriculum schools charge for Year 6?
- Nord Anglia International School (Dubai) – Dh85,032
- Kings School Al Barsha (Dubai) – Dh71,905
- Brighton College Abu Dhabi - Dh68,560
- Jumeirah English Speaking School (Dubai) – Dh59,728
- Gems Wellington International School – Dubai Branch – Dh58,488
- The British School Al Khubairat (Abu Dhabi) - Dh54,170
- Dubai English Speaking School – Dh51,269
*Annual tuition fees covering the 2024/2025 academic year
Who's who in Yemen conflict
Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government
Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council
Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south
Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory
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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.”
2019 ASIA CUP POTS
Pot 1
UAE, Iran, Australia, Japan, South Korea, Saudi Arabia
Pot 2
China, Syria, Uzbekistan, Iraq, Qatar, Thailand
Pot 3
Kyrgyzstan, Lebanon, Palestine, Oman, India, Vietnam
Pot 4
North Korea, Philippines, Bahrain, Jordan, Yemen, Turkmenistan
Who is Allegra Stratton?
- Previously worked at The Guardian, BBC’s Newsnight programme and ITV News
- Took up a public relations role for Chancellor Rishi Sunak in April 2020
- In October 2020 she was hired to lead No 10’s planned daily televised press briefings
- The idea was later scrapped and she was appointed spokeswoman for Cop26
- Ms Stratton, 41, is married to James Forsyth, the political editor of The Spectator
- She has strong connections to the Conservative establishment
- Mr Sunak served as best man at her 2011 wedding to Mr Forsyth
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