A screen shows cancellations at the Eurostar terminal at Kings Cross St Pancras train station in London. EPA
A screen shows cancellations at the Eurostar terminal at Kings Cross St Pancras train station in London. EPA
A screen shows cancellations at the Eurostar terminal at Kings Cross St Pancras train station in London. EPA
A screen shows cancellations at the Eurostar terminal at Kings Cross St Pancras train station in London. EPA

France lifts UK travel ban imposed to stop spread of mutant strain of virus


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France has agreed to open its borders to travellers leaving the UK for the first time since the UK revealed a highly infectious mutated form of coronavirus was spreading through the country.
The country will allow EU citizens, Britons and nationals of other countries who normally reside in the EU to travel from Britain from Wednesday, the French prime minister's office said.

All travellers will be required to show a negative Covid-19 test no more than 72 hours old, and the test must be capable of detecting the new variant of coronavirus.


"Good progress today and agreement with the French Government on borders," British Transport Secretary Grant Shapps tweeted. "We will provide an update on hauliers later this evening, but hauliers must still NOT travel to Kent this evening."
France led the way in closing the borders after details of the mutant virus, which is 70 per cent more infectious than the earlier incarnation, were revealed on Saturday..

Hours before the French decision, the European Union urged its 27 member states ­­to end travel bans with the UK

UK scientists identified a new strain of the virus prompting more than 40 countries to suspend flights from the UK. But European nations including France, Germany, Denmark and the Netherlands also identified cases of the faster-spreading strain.

On Tuesday, Commissioner for Justice Didier Reynders said: “Blanket travel bans should not prevent thousands of EU and UK citizens from returning to their homes.”

The most stringent restrictions were imposed by France, which closed its borders to all travel from the UK for 48 hours from Sunday night, including hauliers carrying goods on the key Dover-to-Calais ferry route.

More than 1,500 lorries queued outside the southern coastal port of Dover.

The EU Commission recommended on Tuesday that "transport staff within the EU should be exempted from any travel ban across any border and from testing and quarantine requirements when they are travelling across a border to and from a vessel, vehicle, or aircraft".

It said the measure would apply to the UK until the end of the year when it is scheduled to sever all its links with the bloc after Brexit, unless a late deal is struck.

The UK is facing huge economic upheaval with a deal increasingly unlikely with its largest trading partner. Billions were wiped off the value of the UK’s top 100 companies with the leading FTSE index down more than 2.5 per cent on Monday. On Tuesday, it dropped 0.2 per cent with materials and energy shares leading the decline.

The new strain is up to 70 per cent more infectious and led the British government at the weekend to introduce tighter restrictions on London and surrounding areas.

On Tuesday, the UK's Department of Health said there had been 691 Covid-related deaths, the highest daily increase since November 25. A record number of new infections were also reported after 36,804 people tested positive for the virus.

Jeffrey Barrett, lead Covid-19 statistical geneticist at Covid-19 Genomics UK, said the consortium sampled cases around the UK and found the variant in the south-west, Midlands and north of England, areas under Tier 2 and 3 restrictions.

He said on Tuesday: “It is certainly not isolated in one place, it has begun to spread to many places in England.”

Chief scientific officer Sir Patrick Vallance said on Monday that the new strain was already being seen elsewhere in the UK and therefore tighter restrictions were likely to be imposed.

Meanwhile, Ireland will impose another strict lockdown amid “enormous concern” over the spread of the virus with cases rising at an alarming rate.

Restaurants, pubs and most shops in the country will shut on Christmas Eve and may not open again until early March, the government said on Tuesday.

Prime Minister Micheal Martin said there was no evidence that a new, virulent variant of the virus that has isolated Britain had reached Ireland but the safest approach was to assume it had.

Ireland has one of the lowest incidence rates of Covid-19 in Europe having moved early in October to temporarily shut parts of the economy during the second wave. However, daily cases are now rising by 10 per cent in what health chiefs say is clearly a third wave of infections.

"One of the real concerns that we have is that unlike the second wave, the virus seems to be affecting older people in quite high numbers and that is causing us enormous concern," Deputy Prime Minister Leo Varadkar said.

Hairdressers will be shut, while hotels can be used only to accommodate essential workers. Schools and childcare facilities will not be affected and the measures will be reviewed on January 12.

The travel restrictions from Britain come at a difficult time for many British companies, which are engaged in last-minute stockpiling before December 31, when a status quo transition period with the European Union ends and new Customs rules come into effect.

The prime minister’s official spokesman said talks between the two sides were continuing to try to resolve “significant differences” and that the discussions were difficult.

Meanwhile, the co-founder of BioNTech said on Tuesday it was "highly likely" that its vaccine against the coronavirus works against the mutated strain detected in Britain, but it could also adapt the vaccine, if necessary.

"Scientifically, it is highly likely that the immune response by this vaccine can also deal with the new virus variant," Ugur Sahin said.

"In principle, the beauty of the messenger technology is that we can directly start to engineer a vaccine which completely mimics this new mutation – we could be able to provide a new vaccine technically within six weeks."

The coronavirus is constantly changing as it spreads around the world. No mutated virus has so far been proved to be more virulent than others or able to easily overcome the barriers, such as social distancing, face masks and frequent hand-washing, which are currently recommended.

The specs: 2018 Nissan 370Z Nismo

The specs: 2018 Nissan 370Z Nismo
Price, base / as tested: Dh182,178
Engine: 3.7-litre V6
Power: 350hp @ 7,400rpm
Torque: 374Nm @ 5,200rpm
Transmission: Seven-speed automatic
​​​​​​​Fuel consumption, combined: 10.5L / 100km

The Bio

Hometown: Bogota, Colombia
Favourite place to relax in UAE: the desert around Al Mleiha in Sharjah or the eastern mangroves in Abu Dhabi
The one book everyone should read: 100 Years of Solitude by Gabriel Garcia Marquez. It will make your mind fly
Favourite documentary: Chasing Coral by Jeff Orlowski. It's a good reality check about one of the most valued ecosystems for humanity

Sinopharm vaccine explained

The Sinopharm vaccine was created using techniques that have been around for decades. 

“This is an inactivated vaccine. Simply what it means is that the virus is taken, cultured and inactivated," said Dr Nawal Al Kaabi, chair of the UAE's National Covid-19 Clinical Management Committee.

"What is left is a skeleton of the virus so it looks like a virus, but it is not live."

This is then injected into the body.

"The body will recognise it and form antibodies but because it is inactive, we will need more than one dose. The body will not develop immunity with one dose," she said.

"You have to be exposed more than one time to what we call the antigen."

The vaccine should offer protection for at least months, but no one knows how long beyond that.

Dr Al Kaabi said early vaccine volunteers in China were given shots last spring and still have antibodies today.

“Since it is inactivated, it will not last forever," she said.

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The biog

Born: Kuwait in 1986
Family: She is the youngest of seven siblings
Time in the UAE: 10 years
Hobbies: audiobooks and fitness: she works out every day, enjoying kickboxing and basketball

UAE currency: the story behind the money in your pockets
AWARDS
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Living in...

This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.

How the bonus system works

The two riders are among several riders in the UAE to receive the top payment of £10,000 under the Thank You Fund of £16 million (Dh80m), which was announced in conjunction with Deliveroo's £8 billion (Dh40bn) stock market listing earlier this year.

The £10,000 (Dh50,000) payment is made to those riders who have completed the highest number of orders in each market.

There are also riders who will receive payments of £1,000 (Dh5,000) and £500 (Dh2,500).

All riders who have worked with Deliveroo for at least one year and completed 2,000 orders will receive £200 (Dh1,000), the company said when it announced the scheme.

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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.”

THE SPECS

Engine: 1.5-litre, four-cylinder turbo

Transmission: seven-speed dual clutch automatic

Power: 169bhp

Torque: 250Nm

Price: Dh54,500

On sale: now

HOW DO SIM CARD SCAMS WORK?

Sim swap frauds are a form of identity theft.

They involve criminals conning mobile phone operators into issuing them with replacement Sim cards, often by claiming their phone has been lost or stolen 

They use the victim's personal details - obtained through criminal methods - to convince such companies of their identity.

The criminal can then access any online service that requires security codes to be sent to a user's mobile phone, such as banking services.

TOURNAMENT INFO

Women’s World Twenty20 Qualifier

Jul 3- 14, in the Netherlands
The top two teams will qualify to play at the World T20 in the West Indies in November

UAE squad
Humaira Tasneem (captain), Chamani Seneviratne, Subha Srinivasan, Neha Sharma, Kavisha Kumari, Judit Cleetus, Chaya Mughal, Roopa Nagraj, Heena Hotchandani, Namita D’Souza, Ishani Senevirathne, Esha Oza, Nisha Ali, Udeni Kuruppuarachchi

The currency conundrum

Russ Mould, investment director at online trading platform AJ Bell, says almost every major currency has challenges right now. “The US has a huge budget deficit, the euro faces political friction and poor growth, sterling is bogged down by Brexit, China’s renminbi is hit by debt fears while slowing Chinese growth is hurting commodity exporters like Australia and Canada.”

Most countries now actively want a weak currency to make their exports more competitive. “China seems happy to let the renminbi drift lower, the Swiss are still running quantitative easing at full tilt and central bankers everywhere are actively talking down their currencies or offering only limited support," says Mr Mould.

This is a race to the bottom, and everybody wants to be a winner.

The specs: 2018 Chevrolet Trailblazer

Price, base / as tested Dh99,000 / Dh132,000

Engine 3.6L V6

Transmission: Six-speed automatic

Power 275hp @ 6,000rpm

Torque 350Nm @ 3,700rpm

Fuel economy combined 12.2L / 100km

MATCH INFO

Uefa Champions League semi-finals, second leg:

Liverpool (0) v Barcelona (3), Tuesday, 11pm UAE

Game is on BeIN Sports

Essentials

The flights

Emirates and Etihad fly direct from the UAE to Geneva from Dh2,845 return, including taxes. The flight takes 6 hours. 

The package

Clinique La Prairie offers a variety of programmes. A six-night Master Detox costs from 14,900 Swiss francs (Dh57,655), including all food, accommodation and a set schedule of medical consultations and spa treatments.

Squid Game season two

Director: Hwang Dong-hyuk 

Stars:  Lee Jung-jae, Wi Ha-joon and Lee Byung-hun

Rating: 4.5/5