Germany introduces Omicron restrictions for New Year


Tim Stickings
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  • Arabic

Germany announced new coronavirus restrictions on Tuesday that will begin after Christmas to slow the spread of the Omicron variant.

“I can understand anyone who doesn’t want to hear about the coronavirus, mutations and new virus variants, but we cannot and must not turn a blind eye to this next wave,” Chancellor Olaf Scholz said.

Across Europe, countries are introducing tightened restrictions, from the Netherlands; where there is a new lockdown in effect, to England, which has only enhanced levels of existing Covid-19 rules.

“This is no longer the time for parties and social evenings in big groups,” Mr Scholz added.

Among the new rules are limits on private gatherings to 10 people, closing all nightclubs and having large events such as football matches held without spectators.

The restrictions will go into effect nationally on December 28, although regional states can enact measures sooner.

Mr Scholz said family-focused holidays such as Christmas “have not proven to be major drivers of the pandemic”.

He said restrictions on New Year’s celebrations were necessary to keep Germany’s health system from being overwhelmed by coronavirus cases.

Sweden, which has been sceptical of lockdowns since the start of the pandemic, announced measures on Tuesday including table service at indoor venues, a cap of 50 people at private gatherings and a recommendation for everyone able to work from home to do so.

“I understand that many are tired of this. So am I,” said Prime Minister Magdalena Andersson. “But now we have a new virus variant, which means we are in a new situation.”

While cases of the previously prevailing Delta variant are falling in Germany, scientists expect Omicron to become dominant in weeks.

An accelerated booster campaign has covered almost a third of Germany’s population. But about 13 million people have not yet had their first two doses.

The EU moved to firm up its booster programme on Tuesday by setting a nine-month expiry date for vaccine passports that rely on only two doses.

After that, citizens of the bloc’s member states will have to have a booster or their Digital Covid Certificate will no longer be valid. It can also be acquired with proof of a negative test result or of recovery from Covid-19.

No time limit is set for the validity of booster vaccines, because the duration of protection they offer is not yet known.

“The strength and success of this invaluable tool for citizens and business lies in its coherent use across the EU,” said the bloc’s health commissioner, Stella Kyriakides.

“What is needed now is to ensure that booster campaigns proceed as quickly as possible.”

The EU’s drug regulator approved a fifth vaccine, Novavax, on Monday. The US company uses more traditional technology than its rivals, raising hopes this could make it popular among sceptics.

Regulators said it was not yet clear whether vaccines would have to be tweaked to fight Omicron more effectively.

“There is no answer on whether we will need to adapt vaccines,” said European Medicines Agency director Emer Cooke.

  • Protesters gather in the German city of Nuremberg against mandatory vaccination and coronavirus-related restrictions. Getty Images
    Protesters gather in the German city of Nuremberg against mandatory vaccination and coronavirus-related restrictions. Getty Images
  • Vaccination against Covid-19 is under way at the Koenig-Pilsener-Arena in the north-west German city of Oberhausen. AP Photo
    Vaccination against Covid-19 is under way at the Koenig-Pilsener-Arena in the north-west German city of Oberhausen. AP Photo
  • The Covid-19 intensive care unit of the University Hospital in Bochum, western Germany. AFP
    The Covid-19 intensive care unit of the University Hospital in Bochum, western Germany. AFP
  • A protester being detained during a demonstration against Covid-19 measures in the German city of Frankfurt. AP Photo
    A protester being detained during a demonstration against Covid-19 measures in the German city of Frankfurt. AP Photo
  • A child receives Covid-19 vaccination in Les Pavillons-sous-Bois, near France's capital city of Paris. Reuters
    A child receives Covid-19 vaccination in Les Pavillons-sous-Bois, near France's capital city of Paris. Reuters
  • The Gare de Lyon train station in Paris. EPA
    The Gare de Lyon train station in Paris. EPA
  • Rodrigo Rojas Morilla, 11, gets ready to receive his first dose of the Covid-19 vaccine at the La Serrania de Ronda hospital, in southern Spanish town of Ronda. Reuters
    Rodrigo Rojas Morilla, 11, gets ready to receive his first dose of the Covid-19 vaccine at the La Serrania de Ronda hospital, in southern Spanish town of Ronda. Reuters
  • Protesters vent their anger against the proposed vaccine green pass system and other government restrictions in the Spanish city of Barcelona. AP Photo
    Protesters vent their anger against the proposed vaccine green pass system and other government restrictions in the Spanish city of Barcelona. AP Photo
  • A Santa Claus puppet with the green pass and mask in Rome, Italy. EPA
    A Santa Claus puppet with the green pass and mask in Rome, Italy. EPA
  • A boy receives a dose of Covid-19 vaccine in the southern Italian city of Potenza. EPA
    A boy receives a dose of Covid-19 vaccine in the southern Italian city of Potenza. EPA
  • A demonstration against Covid-19 measures turns violent in the Belgian capital of Brussels. AP Photo
    A demonstration against Covid-19 measures turns violent in the Belgian capital of Brussels. AP Photo
  • Protesters in the Austrian capital of Vienna carry candles in memory of those who have died of coronavirus. AP Photo
    Protesters in the Austrian capital of Vienna carry candles in memory of those who have died of coronavirus. AP Photo

European governments are facing protests and public fatigue almost two years after the first lockdowns began.

On Tuesday, France delayed the introduction of new measures, with government spokesman Gabriel Attal citing a faster-than-expected booster campaign.

Extended school holidays are not on the table – and the date of the April presidential election is not in question – but other measures could be considered, Mr Attal told French television.

“If we think the risks have risen, we could take another look. Nothing is excluded in principle,” he said.

England is similarly biding its time after a Cabinet meeting on Monday ended without a verdict on whether to bring in new restrictions.

It leaves little time for any new measures before Christmas, but there is speculation that Prime Minister Boris Johnson could order restrictions from next week.

Denmark said Omicron had become the dominant variant in the country.

In Greece, all citizens will be given free tests during the holiday season. Athens also plans to review opening hours for cafes and restaurants in the early weeks of next year.

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WOMAN AND CHILD

Director: Saeed Roustaee

Starring: Parinaz Izadyar, Payman Maadi

Rating: 4/5

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One in nine do not have enough to eat

Created in 1961, the World Food Programme is pledged to fight hunger worldwide as well as providing emergency food assistance in a crisis.

One of the organisation’s goals is the Zero Hunger Pledge, adopted by the international community in 2015 as one of the 17 Sustainable Goals for Sustainable Development, to end world hunger by 2030.

The WFP, a branch of the United Nations, is funded by voluntary donations from governments, businesses and private donations.

Almost two thirds of its operations currently take place in conflict zones, where it is calculated that people are more than three times likely to suffer from malnutrition than in peaceful countries.

It is currently estimated that one in nine people globally do not have enough to eat.

On any one day, the WFP estimates that it has 5,000 lorries, 20 ships and 70 aircraft on the move.

Outside emergencies, the WFP provides school meals to up to 25 million children in 63 countries, while working with communities to improve nutrition. Where possible, it buys supplies from developing countries to cut down transport cost and boost local economies.

 

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Our legal consultant

Name: Dr Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

Glossary of a stock market revolution

Reddit

A discussion website

Redditor

The users of Reddit

Robinhood

A smartphone app for buying and selling shares

Short seller

Selling a stock today in the belief its price will fall in the future

Short squeeze

Traders forced to buy a stock they are shorting 

Naked short

An illegal practice  

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.”

THE BIO

Mr Al Qassimi is 37 and lives in Dubai
He is a keen drummer and loves gardening
His favourite way to unwind is spending time with his two children and cooking

The Settlers

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Starring: Daniella Weiss, Ari Abramowitz

Rating: 5/5

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Power: 542bhp

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In numbers: PKK’s money network in Europe

Germany: PKK collectors typically bring in $18 million in cash a year – amount has trebled since 2010

Revolutionary tax: Investigators say about $2 million a year raised from ‘tax collection’ around Marseille

Extortion: Gunman convicted in 2023 of demanding $10,000 from Kurdish businessman in Stockholm

Drug trade: PKK income claimed by Turkish anti-drugs force in 2024 to be as high as $500 million a year

Denmark: PKK one of two terrorist groups along with Iranian separatists ASMLA to raise “two-digit million amounts”

Contributions: Hundreds of euros expected from typical Kurdish families and thousands from business owners

TV channel: Kurdish Roj TV accounts frozen and went bankrupt after Denmark fined it more than $1 million over PKK links in 2013 

The bio

Favourite food: Japanese

Favourite car: Lamborghini

Favourite hobby: Football

Favourite quote: If your dreams don’t scare you, they are not big enough

Favourite country: UAE

The biog

Family: Parents and four sisters

Education: Bachelor’s degree in business management and marketing at American University of Sharjah

A self-confessed foodie, she enjoys trying out new cuisines, her current favourite is the poke superfood bowls

Likes reading: autobiographies and fiction

Favourite holiday destination: Italy

Posts information about challenges, events, runs in other emirates on the group's Instagram account @Anagowrunning

Has created a database of Emirati and GCC sportspeople on Instagram @abeermk, highlight: Athletes

Apart from training, also talks to women about nutrition, healthy lifestyle, diabetes, cholesterol, blood pressure

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Gearbox: Nine-speed automatic

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Fuel economy, combined: 8.5L / 100km

BMW M5 specs

Engine: 4.4-litre twin-turbo V-8 petrol enging with additional electric motor

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Global state-owned investor ranking by size

1.

United States

2.

China

3.

UAE

4.

Japan

5

Norway

6.

Canada

7.

Singapore

8.

Australia

9.

Saudi Arabia

10.

South Korea

Key figures in the life of the fort

Sheikh Dhiyab bin Isa (ruled 1761-1793) Built Qasr Al Hosn as a watchtower to guard over the only freshwater well on Abu Dhabi island.

Sheikh Shakhbut bin Dhiyab (ruled 1793-1816) Expanded the tower into a small fort and transferred his ruling place of residence from Liwa Oasis to the fort on the island.

Sheikh Tahnoon bin Shakhbut (ruled 1818-1833) Expanded Qasr Al Hosn further as Abu Dhabi grew from a small village of palm huts to a town of more than 5,000 inhabitants.

Sheikh Khalifa bin Shakhbut (ruled 1833-1845) Repaired and fortified the fort.

Sheikh Saeed bin Tahnoon (ruled 1845-1855) Turned Qasr Al Hosn into a strong two-storied structure.

Sheikh Zayed bin Khalifa (ruled 1855-1909) Expanded Qasr Al Hosn further to reflect the emirate's increasing prominence.

Sheikh Shakhbut bin Sultan (ruled 1928-1966) Renovated and enlarged Qasr Al Hosn, adding a decorative arch and two new villas.

Sheikh Zayed bin Sultan (ruled 1966-2004) Moved the royal residence to Al Manhal palace and kept his diwan at Qasr Al Hosn.

Sources: Jayanti Maitra, www.adach.ae

Updated: December 22, 2021, 1:38 AM