• Prime Minister Boris Johnson visits Sedgehill School in south east London. Getty Images
    Prime Minister Boris Johnson visits Sedgehill School in south east London. Getty Images
  • Boris Johnson sits in front of a laptop computer as he takes part in an online lesson during his visit to Sedgehill School. Johnson on Monday set out a four-step plan to ease coronavirus restrictions, expressing hope that life could get back to normal by the end of June. AFP
    Boris Johnson sits in front of a laptop computer as he takes part in an online lesson during his visit to Sedgehill School. Johnson on Monday set out a four-step plan to ease coronavirus restrictions, expressing hope that life could get back to normal by the end of June. AFP
  • In a statement to parliament, he outlined a "gradual and cautious" approach to lifting curbs in England, starting with the reopening of schools from March 8. Reuters
    In a statement to parliament, he outlined a "gradual and cautious" approach to lifting curbs in England, starting with the reopening of schools from March 8. Reuters
  • Boris Johnson takes part in an online class during his visit. Reuters
    Boris Johnson takes part in an online class during his visit. Reuters
  • Students join Boris Johnson remotely to take part in the class. Reuters
    Students join Boris Johnson remotely to take part in the class. Reuters
  • Boris Johnson visits the gym of Sedgehill School. Reuters
    Boris Johnson visits the gym of Sedgehill School. Reuters
  • The gym is used as a makeshift testing centre for the students. Reuters
    The gym is used as a makeshift testing centre for the students. Reuters
  • Boris Johnson speaks to a member of staff in the gym. Reuters
    Boris Johnson speaks to a member of staff in the gym. Reuters

Boris Johnson in Covid-19 vaccine passport U-turn


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Britain plans to use its presidency of the G7 to push for an internationally recognised system of vaccine passports that could allow world travel to resume.

But UK Prime Minister Boris Johnson acknowledged on Tuesday that the idea raised complex ethical issues.

The government previously said it was not considering issuing vaccine passports to people who had been inoculated.

But it has now set up a review into “Covid status certification” that will look at ways people can prove they do not have the coronavirus, through vaccination or a negative test result.

The government said it would “look to introduce a system to allow vaccinated individuals to travel more freely internationally".

It said it would work with other countries through the World Health Organisation, the Group of Seven wealthy countries and other bodies on “a clear international framework with standards that provide consistency for passengers and industry alike".

“Introducing such a system also needs to be fair and not unduly disadvantage people who have yet to be offered or gain access to a vaccine,” the government said in a document outlining its plans to lift pandemic restrictions.

“That being the case, the government does not expect this solution to be available quickly and restrictions like those in place across the world are likely to continue for the near future.”

The British government is also looking at how such proof might be used by employers, venue owners or organisers of large events.

One option under consideration is using the National Health Service contact-tracing app, which millions of people in Britain have on their phones, to display Covid-19 test results.

Mr Johnson said on Tuesday that “there are deep and complex issues that we need to explore” before making a decision.

“We can’t be discriminatory against people who for whatever reason can’t have the vaccine,” he said.

“There might be medical reasons why people can’t have a vaccine. Or some people may genuinely refuse to have one.

"I think that’s mistaken, I think everybody should have a vaccine but we need to thrash all this out.”

Status does not impress Liberty

Campaign group Liberty said that vaccine passports could create a two-tier society.

“Ministers have flip-flopped on the idea of immunity passports for months before quickly backing out again when faced with immense backlash,” said Liberty's head of policy and campaigns, Sam Grant.

“Renaming them ‘status certificates’ does nothing to address the fact that they would create a two-tier society, where some people can access support and freedoms while others are shut out – with the most marginalised among us hardest hit.”

Nurse Maggie Clark administers a dose of the AstraZeneca-Oxford Covid-19 vaccine to a patient at the Fiveways Islamic Centre and Mosque in Nottingham. AFP
Nurse Maggie Clark administers a dose of the AstraZeneca-Oxford Covid-19 vaccine to a patient at the Fiveways Islamic Centre and Mosque in Nottingham. AFP

Dr Mike Tildesley, who advises the government on infectious diseases, said resistance to inoculation was high in parts of the UK.

That raised the possibility of discrimination against people from parts of the country where vaccine acceptance is low.

“This is a real concern," Dr Mike Tildesley told BBC Radio 4.

"We may end up in a situation where we have the ‘vaccine rich’, as it were, who are able to access the vaccine, who have taken up the vaccine and are at much lower risk, and maybe the people in society who have not taken up the vaccine.

“Potentially, these individuals could be clustered in particular parts of the country and there is increased risk there.”

Under the government’s road map out of lockdown for England, international travel will resume on May 17 at the earliest.

At that point, requirements for arrivals from 33 red-list countries, including the UAE, South Africa and all of South America, could be abolished.

Surge in holiday bookings

The government said the case for vaccine passports would be assessed as a long-term measure.

Greece, which is involved in talks with the UK on the issue, called on Europe to “move more quickly” to give priority to vaccine passports.

"Looking at the reaction of some countries to vaccination certificate proposals, I feel there's a lot of short-sightedness," the Greek tourism minister, Harry Theocharis, told the Financial Times.

“There’s more to be done now to prepare ourselves. We need to move more quickly.”

EasyJet said flight bookings from Britain jumped more than 300 per cent and holiday bookings by more than 600 per cent week on week after the road map was published.

Holiday company TUI UK said that its bookings surged 500 per cent, while holiday and budget airline group Jet2 said its bookings were up 600 per cent.

Travel site Skyscanner said flight bookings made on Monday were 69 per cent higher than the previous day, with visitor numbers to its flight-checking website jumping 55 per cent after the announcement.

"Our data show that travellers are very well tuned in to any updates about restrictions," Skyscanner flights chief Hugh Aitken said.

"We are seeing this latest news translate into a surge in travel demand."

The government’s road map rules out domestic holidays over Easter but says they can resume from April 12 at the earliest.

The British tourism industry is expected to boom with a surge in staycations when restrictions are lifted.

Paul Charles, of travel consultancy The PC Agency, said Monday’s announcement would “fill up the diaries of every holiday let within 24 hours”.

"I would expect demand to skyrocket for those weeks after April 12," Mr Charles told The Telegraph. "It's the message that the travel sector wanted from the PM."

Visit Britain director Patricia Yates said the road map gave the industry some certainty.

"I think the industry will be reassured with the road map and they can start planning, and also that people have confidence that they can book now for the summer, certainly for a domestic break," Ms Yates said.

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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.”

Indoor cricket in a nutshell

Indoor Cricket World Cup - Sep 16-20, Insportz, Dubai

16 Indoor cricket matches are 16 overs per side

8 There are eight players per team

There have been nine Indoor Cricket World Cups for men. Australia have won every one.

5 Five runs are deducted from the score when a wickets falls

Batsmen bat in pairs, facing four overs per partnership

Scoring In indoor cricket, runs are scored by way of both physical and bonus runs. Physical runs are scored by both batsmen completing a run from one crease to the other. Bonus runs are scored when the ball hits a net in different zones, but only when at least one physical run is score.

Zones

A Front net, behind the striker and wicketkeeper: 0 runs

B Side nets, between the striker and halfway down the pitch: 1 run

Side nets between halfway and the bowlers end: 2 runs

Back net: 4 runs on the bounce, 6 runs on the full

The specs: 2018 Volkswagen Teramont

Price, base / as tested Dh137,000 / Dh189,950

Engine 3.6-litre V6

Gearbox Eight-speed automatic

Power 280hp @ 6,200rpm

Torque 360Nm @ 2,750rpm

Fuel economy, combined 11.7L / 100km

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

MATCH INFO

Uefa Champions League semi-final, first leg

Tottenham v Ajax, Tuesday, 11pm (UAE).

Second leg

Ajax v Tottenham, Wednesday, May 8, 11pm

Games on BeIN Sports