Germany set a European record for Covid-19 vaccinations by injecting more than one million patients in a day.
Official figures show that 1,088,952 doses were administered across the country on Wednesday.
GPs delivered more than 730,000 doses, while a further 360,000 shots were put into arms at vaccine centres. Only the US, China and India, with their much larger populations, have administered more shots in a day.
Germany is at the vanguard of Europe’s accelerating Covid-19 vaccine drive after a sluggish start across the continent.
The vaccine drive was also gathering pace in France, with all adults eligible for vaccines from June 15.
This weekend, vaccinations will be available to another four million people in France, with those aged 18-50 with chronic illnesses, such as heart conditions, high blood pressure or obesity, now eligible.
Inoculations are key to French President Emmanuel Macron’s plan to reopen the country as it battles a third coronavirus wave.
More than 15 million people have received a first Covid injection in France, or 29 per cent of the adult population, but so far the shots have been reserved for the elderly, people with underlying medical conditions and pregnant women.
Germany has given a first dose to 25.9 per cent of the population, while 7.5 per cent are fully immunised with two. At the start of April, the first dose figure was about 12 per cent.
“That shows how much speed we’ve gained,” German Health Minister Jens Spahn said.
“It’s not enough yet to gain herd immunity in the population, but every shot offers protection.”
The country is suppressing its third wave of Covid-19, with the national seven-day incidence rate falling.
It recorded 155 cases per 100,000 – above the threshold of 100 that triggers the “emergency brake” closure of stores, schools, restaurants and cultural venues.
Germany’s number of Covid-19 patients in intensive care fell for a third consecutive day on Thursday to 5,015, considerably fewer than the peak of 5,745 during the second wave in early January.
Still, infections are too high and continue to rise in people under 60, the Robert Koch Institute said.
A further 3,300 cases and 264 deaths were reported in the previous 24 hours, taking Germany’s Covid-19 death toll to 82,544.
“The pandemic is unfortunately not over and it won’t be under control until it’s under control in every part of the world,” Robert Koch Institute director Prof Lothar Wieler said.
Mr Spahn said numbers needed to keep going down before the safe relaxation of social restrictions.
He said all German adults will become eligible for a Covid-19 vaccine by June, but that there might not be enough supplies to vaccinate everyone until late summer.
In France, government spokesman Gabriel Attal said the timetable for lifting Covid restrictions was "cautious and pragmatic” – a day after Mr Macron set out his plan for the staged lifting of current measures.
Museums, theatres, cinemas and concert halls will reopen with limited capacity on May 19, as will non-essential shops and outdoor seating at cafes and restaurants.
Those cafes and restaurants will have to wait until June 9 to serve clients indoors.
The current night-time curfew with a 7pm start will be progressively eased – to 9pm on May 19 and 11pm on June 9 – before it is scrapped on June 30.
Mr Attal said infection trends had been slowing for several weeks and the vaccination drive was gathering pace, justifying the looser restrictions.
"French people want their lives to return to normal progressively and we must take that into account," he said.
But socialist party chief Olivier Faure warned the government to avoid a rerun of "the risks it took in January” – a reference to Mr Macron's refusal to respond to rising Covid-19 case numbers with the current lockdown.
Centre-right deputy Guillaume Larrive said he was "still worried" by the latest pandemic data.
Company%20profile
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Racecard
2pm Handicap Dh 90,000 1,800m
2.30pm Handicap Dh120,000 1,950m
3pm Handicap Dh105,000 1,600m
3.30pm Jebel Ali Classic Conditions Dh300,000 1,400m
4pm Maiden Dh75,000 1,600m
4.30pm Conditions Dh250,000 1,400m
5pm Maiden Dh75,000 1,600m
5.30pm Handicap Dh85,000 1,000m
The National selections:
2pm Arch Gold
2.30pm Conclusion
3pm Al Battar
3.30pm Golden Jaguar
4pm Al Motayar
4.30pm Tapi Sioux
5pm Leadership
5.30pm Dahawi
UAE v Gibraltar
What: International friendly
When: 7pm kick off
Where: Rugby Park, Dubai Sports City
Admission: Free
Online: The match will be broadcast live on Dubai Exiles’ Facebook page
UAE squad: Lucas Waddington (Dubai Exiles), Gio Fourie (Exiles), Craig Nutt (Abu Dhabi Harlequins), Phil Brady (Harlequins), Daniel Perry (Dubai Hurricanes), Esekaia Dranibota (Harlequins), Matt Mills (Exiles), Jaen Botes (Exiles), Kristian Stinson (Exiles), Murray Reason (Abu Dhabi Saracens), Dave Knight (Hurricanes), Ross Samson (Jebel Ali Dragons), DuRandt Gerber (Exiles), Saki Naisau (Dragons), Andrew Powell (Hurricanes), Emosi Vacanau (Harlequins), Niko Volavola (Dragons), Matt Richards (Dragons), Luke Stevenson (Harlequins), Josh Ives (Dubai Sports City Eagles), Sean Stevens (Saracens), Thinus Steyn (Exiles)
The President's Cake
Director: Hasan Hadi
Starring: Baneen Ahmad Nayyef, Waheed Thabet Khreibat, Sajad Mohamad Qasem
Rating: 4/5
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 worst thing you can eat'
Trans fat is typically found in fried and baked goods, but you may be consuming more than you think.
Powdered coffee creamer, microwave popcorn and virtually anything processed with a crust is likely to contain it, as this guide from Mayo Clinic outlines:
Baked goods - Most cakes, cookies, pie crusts and crackers contain shortening, which is usually made from partially hydrogenated vegetable oil. Ready-made frosting is another source of trans fat.
Snacks - Potato, corn and tortilla chips often contain trans fat. And while popcorn can be a healthy snack, many types of packaged or microwave popcorn use trans fat to help cook or flavour the popcorn.
Fried food - Foods that require deep frying — french fries, doughnuts and fried chicken — can contain trans fat from the oil used in the cooking process.
Refrigerator dough - Products such as canned biscuits and cinnamon rolls often contain trans fat, as do frozen pizza crusts.
Creamer and margarine - Nondairy coffee creamer and stick margarines also may contain partially hydrogenated vegetable oils.
More coverage from the Future Forum
Gulf Under 19s final
Dubai College A 50-12 Dubai College B
Specs
Engine: Duel electric motors
Power: 659hp
Torque: 1075Nm
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Price: On request