• Medical Staff prepare vials of the Pfizer/BioNTech vaccine at a vaccination center at the Messe trade fair grounds in Erfurt, Germany. Getty Images
    Medical Staff prepare vials of the Pfizer/BioNTech vaccine at a vaccination center at the Messe trade fair grounds in Erfurt, Germany. Getty Images
  • Passengers stand in front of a display board in a terminal of the Franz-Josef-Strauss airport in Munich, southern Germany. AFP
    Passengers stand in front of a display board in a terminal of the Franz-Josef-Strauss airport in Munich, southern Germany. AFP
  • A woman waits her turn for vaccination in the the vaccination center at the Messe trade fair grounds in Erfurt, Germany. Getty Images
    A woman waits her turn for vaccination in the the vaccination center at the Messe trade fair grounds in Erfurt, Germany. Getty Images
  • People, most of them elderly, wait in line to enter the Arena vaccination center in Berlin, Germany. Getty Images
    People, most of them elderly, wait in line to enter the Arena vaccination center in Berlin, Germany. Getty Images
  • Medical staff in protective suits treat a patient suffering from the coronavirus disease in the Intensive Care Unit at Havelhoehe community hospital in Berlin, Germany. Reuters
    Medical staff in protective suits treat a patient suffering from the coronavirus disease in the Intensive Care Unit at Havelhoehe community hospital in Berlin, Germany. Reuters
  • People wearing facemasks do their daily shopping among the stalls of the Antignano market, in the Vomero district of Naples, Italy. EPA
    People wearing facemasks do their daily shopping among the stalls of the Antignano market, in the Vomero district of Naples, Italy. EPA
  • People take pictures next to an almost empty Trevi Fountain in downtown Rome, Italy. AFP
    People take pictures next to an almost empty Trevi Fountain in downtown Rome, Italy. AFP
  • Syringes are prepared to administer the AstraZeneca vaccine at a new mass vaccination centre in WiZink sports arena in Madrid, Spain. Reuters
    Syringes are prepared to administer the AstraZeneca vaccine at a new mass vaccination centre in WiZink sports arena in Madrid, Spain. Reuters
  • Real Sociedad footballers Asier Illarramendi and Mikel Oyarzabal hand the Kings Cup trophy to health workers at Donostia Hospital in San Sebastian, Spain. EPA
    Real Sociedad footballers Asier Illarramendi and Mikel Oyarzabal hand the Kings Cup trophy to health workers at Donostia Hospital in San Sebastian, Spain. EPA
  • A woman dances as musicians play music during a gathering of protesters who are occupying the Theatre Graslin in Nantes, Western France. AFP
    A woman dances as musicians play music during a gathering of protesters who are occupying the Theatre Graslin in Nantes, Western France. AFP
  • People wait to receive a dose of a vaccine in Nogent-sur-Marne, near Paris, France. EPA
    People wait to receive a dose of a vaccine in Nogent-sur-Marne, near Paris, France. EPA

German health minister calls for national lockdown to rein in third wave


Tim Stickings
  • English
  • Arabic

Germany's health minister called for a national lockdown and raised the prospect of nightly curfews to break the third wave of Covid-19.

Jens Spahn called for "measures that are systematic and as nationally unified as possible", instead of the current patchwork of regional rules that drew criticism from Chancellor Angela Merkel.

"We have to break the third wave, and as quickly as possible. That means reducing contacts and mobility," Mr Spahn said on Friday.

“Private contacts have to be limited as much as we can – if necessary, as hard as it is, through nightly curfews.”

Mr Spahn echoed Ms Merkel’s criticism of regional leaders who the government has accused of failing to implement sufficiently tough measures.

Ms Merkel’s government is considering changing the law to allow ministers in Berlin to overrule rebellious states.

"If some people don't share the assessment of the situation, then of course it becomes difficult," Mr Spahn said.

“I call on everyone to put party disputes aside, election year or not, and to focus on the essential thing – fighting the pandemic.

“We need a lockdown to break the current wave.”

Mr Spahn said a fall in new infections over Easter was likely to be illusory and that the number of patients in intensive care was still climbing.

“In our hospitals we see how serious the situation really is. The number of Covid-19 intensive care patients is climbing far too quickly,” he said.

If this continues, it will be too much for our health system

“Doctors and carers are rightly sounding the alarm. They have been under constant stress for months.

“We cannot wait until our clinics are overloaded.”

As of Thursday there were 4,474 Covid-19 patients in intensive care in Germany, according to the DIVI intensive care association.

The figure is growing close to the peak of 5,762, which was reached during the second wave in the winter.

"If this continues, it will be too much for our health system," Mr Spahn said.

Ms Merkel and state leaders had hoped to ease restrictions after the winter peak, but case numbers began climbing rapidly again in mid-February.

On Friday 25,464 new cases were added to Germany's tally, up from 21,888 a week ago. There were 296 deaths, compared with 232 last Friday.

On a more positive note, Mr Spahn said the pace of vaccinations had accelerated in recent days after doctors' surgeries started handing out doses.

Figures from Germany’s Robert Koch Institute for infectious diseases show that a record 720,000 doses were handed out on Thursday.

About 14.7 per cent of Germany’s population has now had a first dose, with 5.8 per cent receiving a second.

Mr Spahn said Germany is negotiating with Russia about a purchase agreement for Moscow's Sputnik V vaccine.

Germany's requirements are approval by the European Medicines Agency and supplies that will be available in the next few months, Mr Spahn said.

The prolonged Covid-19 restrictions and slow pace of vaccinations so far have coincided with a drop in support for Ms Merkel's centre-right party ahead of September elections.

Ms Merkel is not running for a fifth term after 16 years in power.

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. 

GOLF’S RAHMBO

- 5 wins in 22 months as pro
- Three wins in past 10 starts
- 45 pro starts worldwide: 5 wins, 17 top 5s
- Ranked 551th in world on debut, now No 4 (was No 2 earlier this year)
- 5th player in last 30 years to win 3 European Tour and 2 PGA Tour titles before age 24 (Woods, Garcia, McIlroy, Spieth)

The biog

Name: Mohammed Imtiaz

From: Gujranwala, Pakistan

Arrived in the UAE: 1976

Favourite clothes to make: Suit

Cost of a hand-made suit: From Dh550

 

MATCH INFO

Uefa Champions League semi-final, first leg
Bayern Munich v Real Madrid

When: April 25, 10.45pm kick-off (UAE)
Where: Allianz Arena, Munich
Live: BeIN Sports HD
Second leg: May 1, Santiago Bernabeu, Madrid

Sly%20Cooper%20and%20the%20Thievius%20Raccoonus
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The specs

Engine: 5.2-litre V10

Power: 640hp at 8,000rpm

Torque: 565Nm at 6,500rpm

Transmission: 7-speed dual-clutch auto

Price: From Dh1 million

On sale: Q3 or Q4 2022 

COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3ECompany%3A%3C%2Fstrong%3E%20Eco%20Way%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%20December%202023%3Cbr%3E%3Cstrong%3EFounder%3A%3C%2Fstrong%3E%20Ivan%20Kroshnyi%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Dubai%2C%20UAE%3Cbr%3E%3Cstrong%3EIndustry%3A%3C%2Fstrong%3E%20Electric%20vehicles%3Cbr%3E%3Cstrong%3EInvestors%3A%3C%2Fstrong%3E%20Bootstrapped%20with%20undisclosed%20funding.%20Looking%20to%20raise%20funds%20from%20outside%3Cbr%3E%3C%2Fp%3E%0A
ENGLAND SQUAD

Goalkeepers Henderson, Johnstone, Pickford, Ramsdale

Defenders Alexander-Arnold, Chilwell, Coady, Godfrey, James, Maguire, Mings, Shaw, Stones, Trippier, Walker, White

Midfielders Bellingham, Henderson, Lingard, Mount, Phillips, Rice, Ward-Prowse

Forwards Calvert-Lewin, Foden, Grealish, Greenwood, Kane, Rashford, Saka, Sancho, Sterling, Watkins 

The biog

Favourite hobby: I love to sing but I don’t get to sing as much nowadays sadly.

Favourite book: Anything by Sidney Sheldon.

Favourite movie: The Exorcist 2. It is a big thing in our family to sit around together and watch horror movies, I love watching them.

Favourite holiday destination: The favourite place I have been to is Florence, it is a beautiful city. My dream though has always been to visit Cyprus, I really want to go there.

Results:

CSIL 2-star 145cm One Round with Jump-Off

1.           Alice Debany Clero (USA) on Amareusa S 38.83 seconds

2.           Anikka Sande (NOR) For Cash 2 39.09

3.           Georgia Tame (GBR) Cash Up 39.42

4.           Nadia Taryam (UAE) Askaria 3 39.63

5.           Miriam Schneider (GER) Fidelius G 47.74

TOP%2010%20MOST%20POLLUTED%20CITIES
%3Cp%3E1.%20Bhiwadi%2C%20India%0D%3Cbr%3E2.%20Ghaziabad%2C%20India%0D%3Cbr%3E3.%20Hotan%2C%20China%0D%3Cbr%3E4.%20Delhi%2C%20India%0D%3Cbr%3E5.%20Jaunpur%2C%20India%0D%3Cbr%3E6.%20Faisalabad%2C%20Pakistan%0D%3Cbr%3E7.%20Noida%2C%20India%0D%3Cbr%3E8.%20Bahawalpur%2C%20Pakistan%0D%3Cbr%3E9.%20Peshawar%2C%20Pakistan%0D%3Cbr%3E10.%20Bagpat%2C%20India%3C%2Fp%3E%0A%3Cp%3E%3Cem%3ESource%3A%20IQAir%3C%2Fem%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.”

In numbers: China in Dubai

The number of Chinese people living in Dubai: An estimated 200,000

Number of Chinese people in International City: Almost 50,000

Daily visitors to Dragon Mart in 2018/19: 120,000

Daily visitors to Dragon Mart in 2010: 20,000

Percentage increase in visitors in eight years: 500 per cent

Electric scooters: some rules to remember
  • Riders must be 14-years-old or over
  • Wear a protective helmet
  • Park the electric scooter in designated parking lots (if any)
  • Do not leave electric scooter in locations that obstruct traffic or pedestrians
  • Solo riders only, no passengers allowed
  • Do not drive outside designated lanes
Defence review at a glance

• Increase defence spending to 2.5% of GDP by 2027 but given “turbulent times it may be necessary to go faster”

• Prioritise a shift towards working with AI and autonomous systems

• Invest in the resilience of military space systems.

• Number of active reserves should be increased by 20%

• More F-35 fighter jets required in the next decade

• New “hybrid Navy” with AUKUS submarines and autonomous vessels

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

Skoda Superb Specs

Engine: 2-litre TSI petrol

Power: 190hp

Torque: 320Nm

Price: From Dh147,000

Available: Now

Leaderboard

63 - Mike Lorenzo-Vera (FRA)

64 - Rory McIlroy (NIR)

66 - Jon Rahm (ESP)

67 - Tom Lewis (ENG), Tommy Fleetwood (ENG)

68 - Rafael Cabrera-Bello (ESP), Marcus Kinhult (SWE)

69 - Justin Rose (ENG), Thomas Detry (BEL), Francesco Molinari (ITA), Danny Willett (ENG), Li Haotong (CHN), Matthias Schwab (AUT)

57%20Seconds
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Company%20profile
%3Cp%3E%3Cstrong%3ECompany%20name%3A%3C%2Fstrong%3E%20FinFlx%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%20January%202021%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Amr%20Yussif%20(co-founder%20and%20CEO)%2C%20Mattieu%20Capelle%20(co-founder%20and%20CTO)%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EBased%20in%3A%3C%2Fstrong%3E%20Dubai%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EIndustry%3A%3C%2Fstrong%3E%20FinTech%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EFunding%20size%3A%3C%2Fstrong%3E%20%241.5m%20pre-seed%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EInvestors%3A%3C%2Fstrong%3E%20Venture%20capital%20-%20Y%20Combinator%2C%20500%20Global%2C%20Dubai%20Future%20District%20Fund%2C%20Fox%20Ventures%2C%20Vector%20Fintech.%20Also%20a%20number%20of%20angel%20investors%3C%2Fp%3E%0A
The President's Cake

Director: Hasan Hadi

Starring: Baneen Ahmad Nayyef, Waheed Thabet Khreibat, Sajad Mohamad Qasem 

Rating: 4/5

About Tenderd

Started: May 2018

Founder: Arjun Mohan

Based: Dubai

Size: 23 employees 

Funding: Raised $5.8m in a seed fund round in December 2018. Backers include Y Combinator, Beco Capital, Venturesouq, Paul Graham, Peter Thiel, Paul Buchheit, Justin Mateen, Matt Mickiewicz, SOMA, Dynamo and Global Founders Capital

ANATOMY%20OF%20A%20FALL
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Secret Pigeon Service: Operation Colomba, Resistance and the Struggle to Liberate Europe
Gordon Corera, Harper Collins

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

UAE tour of the Netherlands

UAE squad: Rohan Mustafa (captain), Shaiman Anwar, Ghulam Shabber, Mohammed Qasim, Rameez Shahzad, Mohammed Usman, Adnan Mufti, Chirag Suri, Ahmed Raza, Imran Haider, Mohammed Naveed, Amjad Javed, Zahoor Khan, Qadeer Ahmed

Fixtures: Monday, first 50-over match; Wednesday, second 50-over match; Thursday, third 50-over match

UAE currency: the story behind the money in your pockets
Company Profile

Name: JustClean

Based: Kuwait with offices in other GCC countries

Launch year: 2016

Number of employees: 130

Sector: online laundry service

Funding: $12.9m from Kuwait-based Faith Capital Holding

Labour dispute

The insured employee may still file an ILOE claim even if a labour dispute is ongoing post termination, but the insurer may suspend or reject payment, until the courts resolve the dispute, especially if the reason for termination is contested. The outcome of the labour court proceedings can directly affect eligibility.


- Abdullah Ishnaneh, Partner, BSA Law