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.

How the UAE gratuity payment is calculated now

Employees leaving an organisation are entitled to an end-of-service gratuity after completing at least one year of service.

The tenure is calculated on the number of days worked and does not include lengthy leave periods, such as a sabbatical. If you have worked for a company between one and five years, you are paid 21 days of pay based on your final basic salary. After five years, however, you are entitled to 30 days of pay. The total lump sum you receive is based on the duration of your employment.

1. For those who have worked between one and five years, on a basic salary of Dh10,000 (calculation based on 30 days):

a. Dh10,000 ÷ 30 = Dh333.33. Your daily wage is Dh333.33

b. Dh333.33 x 21 = Dh7,000. So 21 days salary equates to Dh7,000 in gratuity entitlement for each year of service. Multiply this figure for every year of service up to five years.

2. For those who have worked more than five years

c. 333.33 x 30 = Dh10,000. So 30 days’ salary is Dh10,000 in gratuity entitlement for each year of service.

Note: The maximum figure cannot exceed two years total salary figure.

How Tesla’s price correction has hit fund managers

Investing in disruptive technology can be a bumpy ride, as investors in Tesla were reminded on Friday, when its stock dropped 7.5 per cent in early trading to $575.

It recovered slightly but still ended the week 15 per cent lower and is down a third from its all-time high of $883 on January 26. The electric car maker’s market cap fell from $834 billion to about $567bn in that time, a drop of an astonishing $267bn, and a blow for those who bought Tesla stock late.

The collapse also hit fund managers that have gone big on Tesla, notably the UK-based Scottish Mortgage Investment Trust and Cathie Wood’s ARK Innovation ETF.

Tesla is the top holding in both funds, making up a hefty 10 per cent of total assets under management. Both funds have fallen by a quarter in the past month.

Matt Weller, global head of market research at GAIN Capital, recently warned that Tesla founder Elon Musk had “flown a bit too close to the sun”, after getting carried away by investing $1.5bn of the company’s money in Bitcoin.

He also predicted Tesla’s sales could struggle as traditional auto manufacturers ramp up electric car production, destroying its first mover advantage.

AJ Bell’s Russ Mould warns that many investors buy tech stocks when earnings forecasts are rising, almost regardless of valuation. “When it works, it really works. But when it goes wrong, elevated valuations leave little or no downside protection.”

A Tesla correction was probably baked in after last year’s astonishing share price surge, and many investors will see this as an opportunity to load up at a reduced price.

Dramatic swings are to be expected when investing in disruptive technology, as Ms Wood at ARK makes clear.

Every week, she sends subscribers a commentary listing “stocks in our strategies that have appreciated or dropped more than 15 per cent in a day” during the week.

Her latest commentary, issued on Friday, showed seven stocks displaying extreme volatility, led by ExOne, a leader in binder jetting 3D printing technology. It jumped 24 per cent, boosted by news that fellow 3D printing specialist Stratasys had beaten fourth-quarter revenues and earnings expectations, seen as good news for the sector.

By contrast, computational drug and material discovery company Schrödinger fell 27 per cent after quarterly and full-year results showed its core software sales and drug development pipeline slowing.

Despite that setback, Ms Wood remains positive, arguing that its “medicinal chemistry platform offers a powerful and unique view into chemical space”.

In her weekly video view, she remains bullish, stating that: “We are on the right side of change, and disruptive innovation is going to deliver exponential growth trajectories for many of our companies, in fact, most of them.”

Ms Wood remains committed to Tesla as she expects global electric car sales to compound at an average annual rate of 82 per cent for the next five years.

She said these are so “enormous that some people find them unbelievable”, and argues that this scepticism, especially among institutional investors, “festers” and creates a great opportunity for ARK.

Only you can decide whether you are a believer or a festering sceptic. If it’s the former, then buckle up.

Ordinary Virtues: Moral Order in a Divided World by Michael Ignatieff
Harvard University Press

Points tally

1. Australia 52; 2. New Zealand 44; 3. South Africa 36; 4. Sri Lanka 35; 5. UAE 27; 6. India 27; 7. England 26; 8. Singapore 8; 9. Malaysia 3

TECH%20SPECS%3A%20APPLE%20WATCH%20SERIES%209
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UAE currency: the story behind the money in your pockets
Indoor Cricket World Cup Dubai 2017

Venue Insportz, Dubai; Admission Free

Fixtures - Open Men 2pm: India v New Zealand, Malaysia v UAE, Singapore v South Africa, Sri Lanka v England; 8pm: Australia v Singapore, India v Sri Lanka, England v Malaysia, New Zealand v South Africa

Fixtures - Open Women Noon: New Zealand v England, UAE v Australia; 6pm: England v South Africa, New Zealand v Australia

CHATGPT%20ENTERPRISE%20FEATURES
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FROM%20THE%20ASHES
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'Moonshot'

Director: Chris Winterbauer

Stars: Lana Condor and Cole Sprouse 

Rating: 3/5

'Midnights'
%3Cp%3E%3Cstrong%3EArtist%3A%3C%2Fstrong%3E%20Taylor%20Swift%26nbsp%3B%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ELabel%3A%3C%2Fstrong%3E%20Republic%20Records%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%204%2F5%3C%2Fp%3E%0A
The specs

Engine: 3.8-litre twin-turbo V8

Power: 611bhp

Torque: 620Nm

Transmission: seven-speed automatic

Price: upon application

On sale: now

Director: Laxman Utekar

Cast: Vicky Kaushal, Akshaye Khanna, Diana Penty, Vineet Kumar Singh, Rashmika Mandanna

Rating: 1/5

Ant-Man%20and%20the%20Wasp%3A%20Quantumania
%3Cp%3E%3Cstrong%3EDirector%3A%20%3C%2Fstrong%3EPeyton%20Reed%3Cbr%3E%3Cbr%3E%3Cstrong%3EStars%3A%3C%2Fstrong%3E%20Paul%20Rudd%2C%20Evangeline%20Lilly%2C%20Jonathan%20Majors%3Cbr%3E%3Cbr%3E%3Cstrong%3ERating%3A%20%3C%2Fstrong%3E2%2F5%3C%2Fp%3E%0A
How to get there

Emirates (www.emirates.com) flies directly to Hanoi, Vietnam, with fares starting from around Dh2,725 return, while Etihad (www.etihad.com) fares cost about Dh2,213 return with a stop. Chuong is 25 kilometres south of Hanoi.
 

Emiratisation at work

Emiratisation was introduced in the UAE more than 10 years ago

It aims to boost the number of citizens in the workforce particularly in the private sector.

Growing the number of Emiratis in the workplace will help the UAE reduce dependence on overseas workers

The Cabinet in December last year, approved a national fund for Emirati jobseekers and guaranteed citizens working in the private sector a comparable pension

President Sheikh Khalifa has described Emiratisation as “a true measure for success”.

During the UAE’s 48th National Day, Sheikh Khalifa named education, entrepreneurship, Emiratisation and space travel among cornerstones of national development

More than 80 per cent of Emiratis work in the federal or local government as per 2017 statistics

The Emiratisation programme includes the creation of 20,000 new jobs for UAE citizens

UAE citizens will be given priority in managerial positions in the government sphere

The purpose is to raise the contribution of UAE nationals in the job market and create a diverse workforce of citizens

'Saand Ki Aankh'

Produced by: Reliance Entertainment with Chalk and Cheese Films
Director: Tushar Hiranandani
Cast: Taapsee Pannu, Bhumi Pednekar, Prakash Jha, Vineet Singh
Rating: 3.5/5 stars

THE BIO

Born: Mukalla, Yemen, 1979

Education: UAE University, Al Ain

Family: Married with two daughters: Asayel, 7, and Sara, 6

Favourite piece of music: Horse Dance by Naseer Shamma

Favourite book: Science and geology

Favourite place to travel to: Washington DC

Best advice you’ve ever been given: If you have a dream, you have to believe it, then you will see it.

8 traditional Jamaican dishes to try at Kingston 21

  1. Trench Town Rock: Jamaican-style curry goat served in a pastry basket with a carrot and potato garnish
  2. Rock Steady Jerk Chicken: chicken marinated for 24 hours and slow-cooked on the grill
  3. Mento Oxtail: flavoured oxtail stewed for five hours with herbs
  4. Ackee and salt fish: the national dish of Jamaica makes for a hearty breakfast
  5. Jamaican porridge: another breakfast favourite, can be made with peanut, cornmeal, banana and plantain
  6. Jamaican beef patty: a pastry with ground beef filling
  7. Hellshire Pon di Beach: Fresh fish with pickles
  8. Out of Many: traditional sweet potato pudding

Name: Brendalle Belaza

From: Crossing Rubber, Philippines

Arrived in the UAE: 2007

Favourite place in Abu Dhabi: NYUAD campus

Favourite photography style: Street photography

Favourite book: Harry Potter

Indoor cricket in a nutshell

Indoor cricket in a nutshell
Indoor Cricket World Cup - Sept 16-20, Insportz, Dubai

16 Indoor cricket matches are 16 overs per side
8 There are eight players per team
9 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
4 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
C Side nets between halfway and the bowlers end: 2 runs
D Back net: 4 runs on the bounce, 6 runs on the full

In The Heights

Directed by: Jon M. Chu

Stars: Anthony Ramos, Lin-Manual Miranda

Rating: ****

Company Profile

Founders: Tamara Hachem and Yazid Erman
Based: Dubai
Launched: September 2019
Sector: health technology
Stage: seed
Investors: Oman Technology Fund, angel investor and grants from Sharjah's Sheraa and Ma'an Abu Dhabi

The biog

Name: Fareed Lafta

Age: 40

From: Baghdad, Iraq

Mission: Promote world peace

Favourite poet: Al Mutanabbi

Role models: His parents