• Health workers disinfect a train converted to a Covid-19 care centre after a surge in the number of positive coronavirus cases in Guwahati, India. AP
    Health workers disinfect a train converted to a Covid-19 care centre after a surge in the number of positive coronavirus cases in Guwahati, India. AP
  • A worker caring for Covid-19 patients takes a break in the ICU ward at the Holy Family hospital in New Delhi, India. Getty
    A worker caring for Covid-19 patients takes a break in the ICU ward at the Holy Family hospital in New Delhi, India. Getty
  • A worker attends to a patient in the emergency ward at the Holy Family hospital. Getty
    A worker attends to a patient in the emergency ward at the Holy Family hospital. Getty
  • Covid-19 patients in the emergency ward at the Holy Family hospital. Getty
    Covid-19 patients in the emergency ward at the Holy Family hospital. Getty
  • Volunteers help with the funeral pyres at a cremation ground in New Delhi. The capital's crematoriums and burial grounds have been overwhelmed during the second wave of the pandemic. AFP
    Volunteers help with the funeral pyres at a cremation ground in New Delhi. The capital's crematoriums and burial grounds have been overwhelmed during the second wave of the pandemic. AFP
  • A Covid-19 patient breathes with the help of oxygen provided by a gurdwara, a place of worship for Sikhs. The tent along the roadside in Ghaziabad is helping people who need oxygen support. AFP
    A Covid-19 patient breathes with the help of oxygen provided by a gurdwara, a place of worship for Sikhs. The tent along the roadside in Ghaziabad is helping people who need oxygen support. AFP
  • Kashmiris mourn over the coffin of a relative who died of Covid-19 at a graveyard on the outskirts of Srinagar. EPA
    Kashmiris mourn over the coffin of a relative who died of Covid-19 at a graveyard on the outskirts of Srinagar. EPA
  • Urns containing ashes of dead people, including those who died of Covid-19. The urns are kept at a crematorium in New Delhi and will be immersed after the lockdown. Reuters
    Urns containing ashes of dead people, including those who died of Covid-19. The urns are kept at a crematorium in New Delhi and will be immersed after the lockdown. Reuters
  • A distraught relative of a coronavirus victim at a cremation ground on the banks of the River Ganges at Garhmukteshwar in the northern state of Uttar Pradesh. Reuters
    A distraught relative of a coronavirus victim at a cremation ground on the banks of the River Ganges at Garhmukteshwar in the northern state of Uttar Pradesh. Reuters
  • Masked customers line up outside a pharmacy to buy medicines in Guwahati. AP
    Masked customers line up outside a pharmacy to buy medicines in Guwahati. AP
  • A health worker takes a nasal swab sample to test for Covid-19 as others wait their turn outside a field hospital in Mumbai. AP
    A health worker takes a nasal swab sample to test for Covid-19 as others wait their turn outside a field hospital in Mumbai. AP
  • A health worker takes a break outside a field hospital in Mumbai, India. AP
    A health worker takes a break outside a field hospital in Mumbai, India. AP

India's virus surge pressures Narendra Modi to impose strict lockdown


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India posted another record in daily Covid-19 infections on Friday, adding to pressure on Prime Minister Narendra Modi to impose a nationwide lockdown amid a debate whether restrictions imposed by individual states are enough.

Many medical experts, opposition leaders and some Supreme Court judges suggested lockdown seems to be the only option with the virus raging in cities and towns. Hospitals are forced to turn patients away for lack of space and crematoriums and burial grounds are struggling to handle the dead.

On Friday, India reported a new record of 414,188 confirmed cases in the previous 24 hours. Its tally has risen to more than 21.4 million since the pandemic began with faint hopes of the curve going down quickly. The Health Ministry reported 3,915 additional deaths, bringing the total to 234,083. Experts believe both figures are an undercount.

The official daily death count has stayed above 3,000 for the past 10 days.

Over the past month, nearly a dozen of India's 28 states announced less stringent restrictions than the nationwide lockdown imposed for two months in March last year.

Mr Modi, who consulted with elected leaders and officials of the worst-hit states on Thursday, has so far left the responsibility for fighting the virus to poorly equipped state governments.

Randeep Guleria, a government health expert, said a complete, aggressive lockdown was needed in India just like last year, especially in areas where more than 10 per cent of those tested have contracted Covid-19.

Srinath Reddy, president of the Public Health Foundation of India, a public-private consultancy, acknowledged that states were experiencing different intensities of the epidemic, but said a "co-ordinated countrywide strategy" was still needed.

According to Mr Reddy, decisions need to be based on local conditions but should be closely co-ordinated by the central government.

“Like an orchestra which plays the same sheet music but with different instruments,” he said.

Anthony Fauci, US President Joe Biden's chief medical adviser, suggested that India might need a complete shutdown for two to four weeks to help ease the surge of infections.

“As soon as the cases start coming down, you can vaccinate more people and get ahead of the trajectory of the outbreak of the pandemic,” Dr Fauci said in an interview with the Indian television CNN News18 news channel on Thursday. He did not provide specifics of what a shutdown should entail.

He said it appeared there were at least two types of virus variants circulating in India. He said B117, which is the UK variant, tended to be concentrated in New Delhi and that the 617 variant was concentrated in the worst-hit western Maharashtra state.

“Both of those have increasing capability of transmitting better and more efficiently than the original Wuhan strain a year ago,” Dr Fauci said.

Mr Modi last year imposed a stringent two-month lockdown on four hours' notice. It stranded tens of millions of migrant workers who were left jobless and fled to villages with many dying along the way. Experts say the decision helped contain the virus and bought time for the government.

India's economy contracted by 23 per cent in April-June last year and showed recovery as the restrictions were eased. The International Monetary Fund's projection of 12.5 per cent growth in the 2021-2022 financial year, beginning in April, is expected to suffer again with the surge in infections.

Mr Modi's policy of selected lockdowns is supported by some experts, including Vineeta Bal, a scientist at the National Institute of Immunology. She said states have different needs, and local particularities need to be taken into account for any policy to work.

In most instances, in places where health infrastructure and expertise are good, localised restrictions at the level of a state, or even a district, are a better way to curb the spread of infections, Ms Bal said. "A centrally mandated lockdown will just be inappropriate," she said.

Yogesh Jain Ganiyari of the Peoples Health Support Group, a low-cost public health programme in the central state of Chhattisgarh, said that lockdowns, scientifically, are the most effective way of curbing infections.

"But we don’t live in a lab. We need to take into account the humanitarian aspect,” Dr Ganiyari said. “Those who look at lockdowns just as disease control mechanisms are heartless. You have to think about the people.”

Desert Warrior

Starring: Anthony Mackie, Aiysha Hart, Ben Kingsley

Director: Rupert Wyatt

Rating: 3/5

THE%C2%A0SPECS
%3Cp%3E%3Cstrong%3EEngine%3A%20%3C%2Fstrong%3E2.4-litre%20four-cylinder%0D%3Cbr%3E%3Cstrong%3EPower%3A%3C%2Fstrong%3E%20210hp%0D%3Cbr%3E%3Cstrong%3ETorque%3A%3C%2Fstrong%3E%20320Nm%0D%3Cbr%3E%3Cstrong%3EPrice%3A%3C%2Fstrong%3E%20Starting%20from%20Dh89%2C900%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3ENow%0D%3Cbr%3E%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.”

HEADLINE HERE
  • I would recommend writing out the text in the body 
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  • That's about it
JAPAN SQUAD

Goalkeepers: Masaaki Higashiguchi, Shuichi Gonda, Daniel Schmidt
Defenders: Yuto Nagatomo, Tomoaki Makino, Maya Yoshida, Sho Sasaki, Hiroki Sakai, Sei Muroya, Genta Miura, Takehiro Tomiyasu
Midfielders: Toshihiro Aoyama, Genki Haraguchi, Gaku Shibasaki, Wataru Endo, Junya Ito, Shoya Nakajima, Takumi Minamino, Hidemasa Morita, Ritsu Doan
Forwards: Yuya Osako, Takuma Asano, Koya Kitagawa

LA LIGA FIXTURES

Saturday  (UAE kick-off times)

Leganes v Getafe (12am)​​​​​​​​​​​​​​

Levante v Alaves (4pm)

Real Madrid v Sevilla (7pm)

Osasuna v Valladolid (9.30pm)

Sunday

Eibar v Atletico Madrid (12am)

Mallorca v Valencia (3pm)

Real Betis v Real Sociedad (5pm)

Villarreal v Espanyol (7pm)

Athletic Bilbao v Celta Vigo (9.30pm)

Monday

Barcelona v Granada (12am)

MATCH INFO

Uefa Champions League final:

Who: Real Madrid v Liverpool
Where: NSC Olimpiyskiy Stadium, Kiev, Ukraine
When: Saturday, May 26, 10.45pm (UAE)
TV: Match on BeIN Sports

Islamophobia definition

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”.

THE BIO

Age: 30

Favourite book: The Power of Habit

Favourite quote: "The world is full of good people, if you cannot find one, be one"

Favourite exercise: The snatch

Favourite colour: Blue

BlacKkKlansman

Director: Spike Lee

Starring: John David Washington; Adam Driver 

Five stars

The specs
  • Engine: 3.9-litre twin-turbo V8
  • Power: 640hp
  • Torque: 760nm
  • On sale: 2026
  • Price: Not announced yet
Infiniti QX80 specs

Engine: twin-turbocharged 3.5-liter V6

Power: 450hp

Torque: 700Nm

Price: From Dh450,000, Autograph model from Dh510,000

Available: Now

The drill

Recharge as needed, says Mat Dryden: “We try to make it a rule that every two to three months, even if it’s for four days, we get away, get some time together, recharge, refresh.” The couple take an hour a day to check into their businesses and that’s it.

Stick to the schedule, says Mike Addo: “We have an entire wall known as ‘The Lab,’ covered with colour-coded Post-it notes dedicated to our joint weekly planner, content board, marketing strategy, trends, ideas and upcoming meetings.”

Be a team, suggests Addo: “When training together, you have to trust in each other’s abilities. Otherwise working out together very quickly becomes one person training the other.”

Pull your weight, says Thuymi Do: “To do what we do, there definitely can be no lazy member of the team.” 

What drives subscription retailing?

Once the domain of newspaper home deliveries, subscription model retailing has combined with e-commerce to permeate myriad products and services.

The concept has grown tremendously around the world and is forecast to thrive further, according to UnivDatos Market Insights’ report on recent and predicted trends in the sector.

The global subscription e-commerce market was valued at $13.2 billion (Dh48.5bn) in 2018. It is forecast to touch $478.2bn in 2025, and include the entertainment, fitness, food, cosmetics, baby care and fashion sectors.

The report says subscription-based services currently constitute “a small trend within e-commerce”. The US hosts almost 70 per cent of recurring plan firms, including leaders Dollar Shave Club, Hello Fresh and Netflix. Walmart and Sephora are among longer established retailers entering the space.

UnivDatos cites younger and affluent urbanites as prime subscription targets, with women currently the largest share of end-users.

That’s expected to remain unchanged until 2025, when women will represent a $246.6bn market share, owing to increasing numbers of start-ups targeting women.

Personal care and beauty occupy the largest chunk of the worldwide subscription e-commerce market, with changing lifestyles, work schedules, customisation and convenience among the chief future drivers.

The specs

Engine: 2.0-litre 4-cylturbo

Transmission: seven-speed DSG automatic

Power: 242bhp

Torque: 370Nm

Price: Dh136,814

Classification of skills

A worker is categorised as skilled by the MOHRE based on nine levels given in the International Standard Classification of Occupations (ISCO) issued by the International Labour Organisation. 

A skilled worker would be someone at a professional level (levels 1 – 5) which includes managers, professionals, technicians and associate professionals, clerical support workers, and service and sales workers.

The worker must also have an attested educational certificate higher than secondary or an equivalent certification, and earn a monthly salary of at least Dh4,000. 

COMPANY PROFILE

Name: Xpanceo

Started: 2018

Founders: Roman Axelrod, Valentyn Volkov

Based: Dubai, UAE

Industry: Smart contact lenses, augmented/virtual reality

Funding: $40 million

Investor: Opportunity Venture (Asia)