• Nurses from a mobile vaccination team are filmed as they prepare a Pfizer-BioNTech vaccine in Seidewitz, near Naumburg, Germany. Getty Images
    Nurses from a mobile vaccination team are filmed as they prepare a Pfizer-BioNTech vaccine in Seidewitz, near Naumburg, Germany. Getty Images
  • An employee of a re-opened garden center wearing a face mask stands between flowers in Ludwigsburg, southern Germany. Garden centers had been closed since December 2020. AFP
    An employee of a re-opened garden center wearing a face mask stands between flowers in Ludwigsburg, southern Germany. Garden centers had been closed since December 2020. AFP
  • Polar bear Vitus is seen in his enclosure in a re-opened zoo, which was closed for several months during lockdown, in Neumuenster, Germany. Reuters
    Polar bear Vitus is seen in his enclosure in a re-opened zoo, which was closed for several months during lockdown, in Neumuenster, Germany. Reuters
  • Almost totally empty streets due to coronavirus restrictions are seen in Turin, Italy. EPA
    Almost totally empty streets due to coronavirus restrictions are seen in Turin, Italy. EPA
  • Nuns wait to receive the coronavirus disease vaccine in Bergamo, Italy. Reuters
    Nuns wait to receive the coronavirus disease vaccine in Bergamo, Italy. Reuters
  • Several people practice yoga at a outdoor sport complex in Valencia, eastern Spain. Valencia's regional authorities have eased restrictions, allowing outdoor sports without physical contact and a maximum of four people. EPA
    Several people practice yoga at a outdoor sport complex in Valencia, eastern Spain. Valencia's regional authorities have eased restrictions, allowing outdoor sports without physical contact and a maximum of four people. EPA
  • Local police officers queue to be vaccinated in Valencia, Spain. EPA
    Local police officers queue to be vaccinated in Valencia, Spain. EPA
  • French President Emmanuel Macron talks with a patient as he visits a vaccination center at the Caisse Primaire d'Assurance Maladie in Bobigny, outside Paris, France. AP Photo
    French President Emmanuel Macron talks with a patient as he visits a vaccination center at the Caisse Primaire d'Assurance Maladie in Bobigny, outside Paris, France. AP Photo
  • People gather on th banks of the River Seine on a sunny afternoon in Paris, France. AFP
    People gather on th banks of the River Seine on a sunny afternoon in Paris, France. AFP
  • A French border police officer checks passengers as they arrive at Nice Cote d'Azur Airport in Nice, France. Reuters
    A French border police officer checks passengers as they arrive at Nice Cote d'Azur Airport in Nice, France. Reuters

Pope Francis urges vaccines for the poorest as millions of Europeans enter Easter lockdown


Jamie Prentis
  • English
  • Arabic

Millions of Europeans entered the Easter holiday in lockdown as the continent struggles to contain a third wave of Covid-19 and EU leaders try to kick-start their flagging vaccination campaign.
On Sunday, Pope Francis delivered Easter mass in St Peter's Basilica with barely 200 worshippers in the pews.

The whole of Italy was declared a coronavirus “red zone” with tight restrictions introduced for three days and non-essential movement forbidden.

About 20,000 new cases a day are being reported, and more than 110,000 people in the country have died of Covid-19.

Pope Francis appealed to the international community to ensure vaccine supplies reach the poorest countries.

“Everyone, especially the most vulnerable among us, requires assistance and has the right to have access to necessary care,” he said.

Describing vaccines as an "essential tool", Pope Francis called for a “spirit of global responsibility” as he encouraged nations to overcome “delays in the distribution of vaccines and to facilitate their distribution, especially in the poorest countries”.

A new nationwide lockdown in France came into force at the weekend, with  capital city Paris under particular pressure and intensive care units at risk of being overwhelmed.

France has the eighth-highest Covid-related death toll in the world, with more than 96,000 recorded.

In Paris, 6,600 more police officers will be sent to enforce the new measures, which include a ban on travelling more than 10 kilometres and a nationwide curfew from 7pm.

But an allowance over the long weekend will enable people to travel to the countryside from the cities to see out the month-long lockdown.

The national rail authority was expecting 600,000 people to travel at the weekend.

Elderly people in the German city of Cologne queued outside an exhibition centre on Easter Sunday for Covid-19 vaccinations with the AstraZeneca jab.

“Yes, I feel very good. I’m totally happy that I got the vaccination appointment. It was like a little Easter present, after all,” resident Ilse Rexwinkel said.

However, Germany's President Frank-Walter Steinmeier said there was a “crisis of trust” and admitted mistakes had been made in relation to testing and vaccinations.

“Trust – in a democracy it rests on a very fragile understanding between citizens and the state: ‘You, state, do your part, I, citizen, do mine,’” he said. “I know that you, the citizens, are doing your part in this historic crisis. You have done much and you have gone without much.

“Your expectation for those in government is ‘Get it together’.”

He called on Germans to “pull together” and put aside “constant indignation over others or over people in high places.”

German Chancellor Angela Merkel reversed a decision to impose an Easter lockdown, although people are still being urged to be cautious.

Police turned back 536 people in 790 vehicles over two days in the northern state of Mecklenburg-Vorpommern, traditionally a popular destination for a day trip

State coronavirus lockdown restrictions banned tourism but does allow family visits in certain circumstances.

The EU has been heavily criticised for its slow vaccination campaign. Its member states have lagged behind the Israel, the UAE, Britain and the US.

Some countries restricted use of the AstraZeneca-Oxford vaccine after some people developed blood clots, despite European regulators saying it is safe.

UK experts urged people to continue using the AstraZeneca vaccine. They said seven people in the country died from rare blood clots after receiving it.

The Medicines and Healthcare Regulatory Agency said 30 blood clot events have been identified out of the 18.1 million AstraZeneca shots given. It said it wasn’t clear whether the inoculation and the illnesses were linked.

“The benefits of AstraZeneca's vaccine in preventing Covid-19 infection and its complications continue to outweigh any risks and the public should continue to get their vaccine when invited to do so,” head of the MHRA Dr June Raine said.

Yemen's Bahais and the charges they often face

The Baha'i faith was made known in Yemen in the 19th century, first introduced by an Iranian man named Ali Muhammad Al Shirazi, considered the Herald of the Baha'i faith in 1844.

The Baha'i faith has had a growing number of followers in recent years despite persecution in Yemen and Iran. 

Today, some 2,000 Baha'is reside in Yemen, according to Insaf. 

"The 24 defendants represented by the House of Justice, which has intelligence outfits from the uS and the UK working to carry out an espionage scheme in Yemen under the guise of religion.. aimed to impant and found the Bahai sect on Yemeni soil by bringing foreign Bahais from abroad and homing them in Yemen," the charge sheet said. 

Baha'Ullah, the founder of the Bahai faith, was exiled by the Ottoman Empire in 1868 from Iran to what is now Israel. Now, the Bahai faith's highest governing body, known as the Universal House of Justice, is based in the Israeli city of Haifa, which the Bahais turn towards during prayer. 

The Houthis cite this as collective "evidence" of Bahai "links" to Israel - which the Houthis consider their enemy. 

 

About Proto21

Date started: May 2018
Founder: Pir Arkam
Based: Dubai
Sector: Additive manufacturing (aka, 3D printing)
Staff: 18
Funding: Invested, supported and partnered by Joseph Group

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Jetour T1 specs

Engine: 2-litre turbocharged

Power: 254hp

Torque: 390Nm

Price: From Dh126,000

Available: Now

%3Cp%3E%3Ca%20href%3D%22https%3A%2F%2Fwww.thenationalnews.com%2Fbusiness%2Feconomy%2Fislamic-economy-consumer-spending-to-increase-45-to-3-2tn-by-2024-1.936583%22%20target%3D%22_self%22%3EGlobal%20Islamic%20economy%20to%20grow%203.1%25%20to%20touch%20%242.4%20trillion%20by%202024%3C%2Fa%3E%26nbsp%3B%3C%2Fp%3E%0A%3Cp%3E%3Ca%20href%3D%22https%3A%2F%2Fwww.thenationalnews.com%2Fbusiness%2Feconomy%2Fuk-economy-plunges-into-worst-ever-recession-after-record-20-4-contraction-1.1062560%22%20target%3D%22_self%22%3EUK%20economy%20plunges%20into%20worst-ever%20recession%20after%20record%2020.4%25%20contraction%3C%2Fa%3E%3C%2Fp%3E%0A%3Cp%3E%3Ca%20href%3D%22https%3A%2F%2Fwww.thenationalnews.com%2Fbusiness%2Feconomy%2Fislamic-economy-consumer-spending-to-increase-45-to-3-2tn-by-2024-1.936583%22%20target%3D%22_self%22%3EIslamic%20economy%20consumer%20spending%20to%20increase%2045%25%20to%20%243.2tn%20by%202024%3C%2Fa%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.”