The British government says it will take 'all appropriate public health interventions' against established and emerging coronavirus variants. Reuters
The British government says it will take 'all appropriate public health interventions' against established and emerging coronavirus variants. Reuters
The British government says it will take 'all appropriate public health interventions' against established and emerging coronavirus variants. Reuters
The British government says it will take 'all appropriate public health interventions' against established and emerging coronavirus variants. Reuters

Lambda variant: UK finds six cases of new coronavirus strain first identified in Peru


Tim Stickings
  • English
  • Arabic

The UK said on Friday that it had identified six cases of a new coronavirus variant known as Lambda, which was first identified in Peru.

Also known as the C.37 strain, the mutation has been designated as a "variant under investigation" by UK health officials.

This is a step below the status of a "variant of concern", which is assigned to strains with more evidence of worrying mutations.

These include the Delta variant, which is fuelling a surge in UK infections and is also gaining ground in mainland Europe.

A briefing by Public Health England said Lambda’s mutations suggested potentially increased transmissibility compared with other strains.

However, evidence is limited and there is no sign that the variant causes more severe disease or is more resistant to vaccines.

Lambda is on the rise in South American countries. In Peru it accounts for 81 per cent of sequenced coronavirus cases since April.

In Chile, Lambda appeared to be overtaking the Alpha strain first identified in the UK, the World Health Organisation said.

In Argentina, cases of the variant have been growing since February.

The WHO declared the mutation to be a variant of interest on June 14 and gave it the name Lambda under its new naming system for Covid types.

Of the 1,845 Lambda samples submitted to a global database, more than half are from either Chile, Peru or the US.

Cases from the C.37 lineage have been identified in European countries including Germany, France, and Spain.

The cases in the UK – four in London, one in south-west England and one in the West Midlands – are linked to overseas travel. No deaths were reported.

The UK government said it would take “all appropriate public health interventions” against the variant, including extra testing and contact tracing.

The Indian variant is blamed for a rise in Covid-19 patients in UK hospitals. AFP
The Indian variant is blamed for a rise in Covid-19 patients in UK hospitals. AFP

Delta growth continues  

The Delta strain now accounts for about 95 per cent of cases that are sequenced by genomic experts in the UK.

PHE’s weekly update said cases of the variant had risen by 46 per cent in the past week, to a total of more than 110,000.

There were 42 new cases of the Delta AY.1 sub-type, also known as Delta Plus.

An additional 514 people were taken to hospital with the Delta variant, of whom 304 were unvaccinated.

Dr Jenny Harries, the head of the UK’s Health Security Agency, said the data on vaccine effectiveness was encouraging.

“Through the success of our vaccination programme, data suggest we have begun to break the link between cases and hospitalisations,” she said.

“This is hugely encouraging news, but we cannot become complacent.”

Delta is also on the increase in parts of Europe, including France and Germany, and health officials believe it is likely to become dominant.

France will step up testing and vaccination in the south-western department of Landes, where the variant accounts for 70 per cent of new cases.

Across France, Delta now accounts for about 10 per cent of new cases, up from an estimated 2 per cent to 4 per cent last week.

In Germany, where Delta accounts for 15 per cent of new cases, Chancellor Angela Merkel said that Europe is “on thin ice” in its battle against the virus.

Ms Merkel called on the EU to be cautious about admitting travellers from countries with high rates of the Delta variant, which would include the UK.

She said she would like European countries to require British travellers to go into quarantine, as is the case in Germany.

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What is dialysis?

Dialysis is a way of cleaning your blood when your kidneys fail and can no longer do the job.

It gets rid of your body's wastes, extra salt and water, and helps to control your blood pressure. The main cause of kidney failure is diabetes and hypertension.

There are two kinds of dialysis — haemodialysis and peritoneal.

In haemodialysis, blood is pumped out of your body to an artificial kidney machine that filter your blood and returns it to your body by tubes.

In peritoneal dialysis, the inside lining of your own belly acts as a natural filter. Wastes are taken out by means of a cleansing fluid which is washed in and out of your belly in cycles.

It isn’t an option for everyone but if eligible, can be done at home by the patient or caregiver. This, as opposed to home haemodialysis, is covered by insurance in the UAE.

The alternatives

• Founded in 2014, Telr is a payment aggregator and gateway with an office in Silicon Oasis. It’s e-commerce entry plan costs Dh349 monthly (plus VAT). QR codes direct customers to an online payment page and merchants can generate payments through messaging apps.

• Business Bay’s Pallapay claims 40,000-plus active merchants who can invoice customers and receive payment by card. Fees range from 1.99 per cent plus Dh1 per transaction depending on payment method and location, such as online or via UAE mobile.

• Tap started in May 2013 in Kuwait, allowing Middle East businesses to bill, accept, receive and make payments online “easier, faster and smoother” via goSell and goCollect. It supports more than 10,000 merchants. Monthly fees range from US$65-100, plus card charges of 2.75-3.75 per cent and Dh1.2 per sale.

2checkout’s “all-in-one payment gateway and merchant account” accepts payments in 200-plus markets for 2.4-3.9 per cent, plus a Dh1.2-Dh1.8 currency conversion charge. The US provider processes online shop and mobile transactions and has 17,000-plus active digital commerce users.

• PayPal is probably the best-known online goods payment method - usually used for eBay purchases -  but can be used to receive funds, providing everyone’s signed up. Costs from 2.9 per cent plus Dh1.2 per transaction.

Our family matters legal consultant

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

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.”

How Apple's credit card works

The Apple Card looks different from a traditional credit card — there's no number on the front and the users' name is etched in metal. The card expands the company's digital Apple Pay services, marrying the physical card to a virtual one and integrating both with the iPhone. Its attributes include quick sign-up, elimination of most fees, strong security protections and cash back.

What does it cost?

Apple says there are no fees associated with the card. That means no late fee, no annual fee, no international fee and no over-the-limit fees. It also said it aims to have among the lowest interest rates in the industry. Users must have an iPhone to use the card, which comes at a cost. But they will earn cash back on their purchases — 3 per cent on Apple purchases, 2 per cent on those with the virtual card and 1 per cent with the physical card. Apple says it is the only card to provide those rewards in real time, so that cash earned can be used immediately.

What will the interest rate be?

The card doesn't come out until summer but Apple has said that as of March, the variable annual percentage rate on the card could be anywhere from 13.24 per cent to 24.24 per cent based on creditworthiness. That's in line with the rest of the market, according to analysts

What about security? 

The physical card has no numbers so purchases are made with the embedded chip and the digital version lives in your Apple Wallet on your phone, where it's protected by fingerprints or facial recognition. That means that even if someone steals your phone, they won't be able to use the card to buy things.

Is it easy to use?

Apple says users will be able to sign up for the card in the Wallet app on their iPhone and begin using it almost immediately. It also tracks spending on the phone in a more user-friendly format, eliminating some of the gibberish that fills a traditional credit card statement. Plus it includes some budgeting tools, such as tracking spending and providing estimates of how much interest could be charged on a purchase to help people make an informed decision. 

* Associated Press 

The specs

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