Queen Elizabeth II on Tuesday led tributes to the victims of the Covid-19 pandemic on the first anniversary of Britain's initial lockdown.
The country fell silent at noon to remember the more than 146,000 people who died from coronavirus.
The queen spoke of the nation's collective grief and marked the poignant anniversary by sending flowers to the hospital where her husband, the Duke of Edinburgh, recently had heart surgery.
A message was attached to a bouquet of flowers sent from Windsor Castle to St Bartholomew’s Hospital in central London.
“As we look forward to a brighter future together, today we pause to reflect on the grief and loss that continues to be felt by so many people and families, and pay tribute to the immeasurable service of those who have supported us all over the last year," the queen's message read.
The Duke and Duchess of Cambridge marked the anniversary with a visit to a Covid-19 vaccination centre at London's Westminster Abbey.
Prime Minister Boris Johnson, who was admitted to intensive care with Covid-19 in April 2020, opened Tuesday's Cabinet meeting by reflecting on "a very dark and difficult year".
His spokesman said he told ministers the nation was mourning the dead, and he paid tribute to health and care workers and to society as a whole for keeping the country going.
The past year has tested people with repeated lockdowns, forced separation from family and friends, months of home-schooling for millions of children and entire industries mothballed and fighting for survival.
In the evening, landmarks across the UK, from the London Eye, Trafalgar Square and Wembley Stadium to Cardiff Castle and Belfast City Hall, will be lit up in yellow as a beacon of hope and support for the bereaved.
Six million people have been bereaved, said the end-of-life charity Marie Curie.
"Let us take a moment together to remember those who have been lost, to give thanks for their lives, and to acknowledge the inexpressible pain of parting," Prince Charles, heir to the throne, said in a video message.
Earlier, Mr Johnson said Covid-19 restrictions were being eased “once and for all” as he praised the “great spirit” shown by Britain in tackling Covid-19.
When Mr Johnson announced the UK's first lockdown, 364 people had died. The official death toll is now more than 146,000 people, according to government's coronavirus dashboard.
With Britain suffering one of the highest death tolls in the world, Mr Johnson came under fire for moving too slowly last year to tackle the first and second waves of the pandemic, with some accusing him of prioritising the economy over health.
But his government has overseen a successful vaccination campaign, reaching more than half of Britain's adult population, and he is adopting a cautious approach to easing the latest lockdown.
UK's Covid-19 fight - in pictures
Mr Johnson said the past year had “taken a huge toll on us all”.
“Today, the anniversary of the first lockdown, is an opportunity to reflect on the past year – one of the most difficult in our country’s history,” he said.
“We should also remember the great spirit shown by our nation over this past year. We have all played our part, whether it’s working on the front line as a nurse or carer, working on vaccine development and supply, helping to get that jab into arms, home-schooling your children, or just by staying at home to prevent the spread of the virus.
“It’s because of every person in this country that lives have been saved, our National Health Service was protected, and we have started on our cautious road to easing restrictions once and for all.”
On March 23 last year, Mr Johnson ordered the first lockdown to try to stem the spread of the coronavirus, telling Britain that people should "stay at home", part of a slogan on saving lives that has become a common refrain.
The prime minister promised to "turn the tide" of the outbreak within 12 weeks of the initial lockdown.
But Mr Johnson required treatment in intensive care after catching the virus shortly after announcing the first lockdown.
He was in an ICU for three days and given oxygen, requiring Foreign Minister Dominic Raab to take over for three weeks during the darkest days of the first wave.
A year later, England is now in its third lockdown, with the UK having recently suffered its latest and deadliest coronavirus wave.
Last month, Mr Johnson unveiled a roadmap to ease the lockdown, starting with the reopening of schools two weeks ago and ending on June 21 at the earliest when most of the restrictions are scheduled to be lifted.
As the UK starts easing restrictions, there are concerns about a third wave of coronavirus sweeping Europe, prompting new lockdowns on the continent.
Mr Johnson highlighted the precariousness of the situation on Monday, warning that new cases will enter the UK.
“Experience has taught us that when a wave hits our friends, it washes up on our shores as well,” he said.
“I expect that we will feel those effects in due course.”
The%20Little%20Mermaid%20
%3Cp%3E%3Cstrong%3EDirector%3A%3C%2Fstrong%3E%20Rob%20Marshall%3Cbr%3E%3Cstrong%3EStars%3A%20%3C%2Fstrong%3EHalle%20Bailey%2C%20Jonah%20Hauer-King%2C%20Melissa%20McCarthy%2C%20Javier%20Bardem%3Cbr%3E%3Cstrong%3ERating%3A%20%3C%2Fstrong%3E2%2F5%3Cbr%3E%3Cbr%3E%3C%2Fp%3E%0A
The specs
Engine: 0.8-litre four cylinder
Power: 70bhp
Torque: 66Nm
Transmission: four-speed manual
Price: $1,075 new in 1967, now valued at $40,000
On sale: Models from 1966 to 1970
The specs: 2018 Renault Megane
Price, base / as tested Dh52,900 / Dh59,200
Engine 1.6L in-line four-cylinder
Transmission Continuously variable transmission
Power 115hp @ 5,500rpm
Torque 156Nm @ 4,000rpm
Fuel economy, combined 6.6L / 100km
KILLING OF QASSEM SULEIMANI
The BIO:
He became the first Emirati to climb Mount Everest in 2011, from the south section in Nepal
He ascended Mount Everest the next year from the more treacherous north Tibetan side
By 2015, he had completed the Explorers Grand Slam
Last year, he conquered K2, the world’s second-highest mountain located on the Pakistan-Chinese border
He carries dried camel meat, dried dates and a wheat mixture for the final summit push
His new goal is to climb 14 peaks that are more than 8,000 metres above sea level
Russia's Muslim Heartlands
Dominic Rubin, Oxford
Who was Alfred Nobel?
The Nobel Prize was created by wealthy Swedish chemist and entrepreneur Alfred Nobel.
- In his will he dictated that the bulk of his estate should be used to fund "prizes to those who, during the preceding year, have conferred the greatest benefit to humankind".
- Nobel is best known as the inventor of dynamite, but also wrote poetry and drama and could speak Russian, French, English and German by the age of 17. The five original prize categories reflect the interests closest to his heart.
- Nobel died in 1896 but it took until 1901, following a legal battle over his will, before the first prizes were awarded.
WHAT%20IS%20THE%20LICENSING%20PROCESS%20FOR%20VARA%3F
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Why it pays to compare
A comparison of sending Dh20,000 from the UAE using two different routes at the same time - the first direct from a UAE bank to a bank in Germany, and the second from the same UAE bank via an online platform to Germany - found key differences in cost and speed. The transfers were both initiated on January 30.
Route 1: bank transfer
The UAE bank charged Dh152.25 for the Dh20,000 transfer. On top of that, their exchange rate margin added a difference of around Dh415, compared with the mid-market rate.
Total cost: Dh567.25 - around 2.9 per cent of the total amount
Total received: €4,670.30
Route 2: online platform
The UAE bank’s charge for sending Dh20,000 to a UK dirham-denominated account was Dh2.10. The exchange rate margin cost was Dh60, plus a Dh12 fee.
Total cost: Dh74.10, around 0.4 per cent of the transaction
Total received: €4,756
The UAE bank transfer was far quicker – around two to three working days, while the online platform took around four to five days, but was considerably cheaper. In the online platform transfer, the funds were also exposed to currency risk during the period it took for them to arrive.
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 cost of Covid testing around the world
Egypt
Dh514 for citizens; Dh865 for tourists
Information can be found through VFS Global.
Jordan
Dh212
Centres include the Speciality Hospital, which now offers drive-through testing.
Cambodia
Dh478
Travel tests are managed by the Ministry of Health and National Institute of Public Health.
Zanzibar
AED 295
Zanzibar Public Health Emergency Operations Centre, located within the Lumumba Secondary School compound.
Abu Dhabi
Dh85
Abu Dhabi’s Seha has test centres throughout the UAE.
UK
From Dh400
Heathrow Airport now offers drive through and clinic-based testing, starting from Dh400 and up to Dh500 for the PCR test.
Avatar: Fire and Ash
Director: James Cameron
Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana
Rating: 4.5/5