UK coronavirus cases ‘getting out of control’


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Coronavirus cases are “getting out of control” in parts of the UK as ministers consider shielding hundreds of thousands of vulnerable people.

Skills minister Gillian Keegan said the country faced an “unbelievably serious situation”.

The warning comes as Health Secretary Matt Hancock said he is “very worried” about a surge in hospital admissions and is pressing for tougher restrictions to be imposed in the north of England.

Yesterday, it was revealed the government is expected to sign off on a three-tier system of lockdown restrictions next week.

Under the new system, pubs and restaurants could be closed in the worst-hit areas, while a ban on overnight stays is also being considered.

Ms  Keegan told BBC's Question Time: "This is serious - it is getting out of control, and we have to do something to bring it back under control."

One such measure could include a plan to tell hundreds of thousands of at-risk people to stay at home over winter in infection hotspots.

Doctors are warning the NHS faces an "implosion" of hospital admissions if drastic measures are not taken now, The Times reported.

However, a decision on shielding has not been taken after ministers raised concerns that telling people to spend months at home alone could have adverse mental health effects.

Meanwhile, in another sign of tension at the top of government, Chancellor Rishi Sunak is reportedly resisting the “traffic light” system of lockdown.

Mr Sunak is said to be furious over a plan to shut down the hospitality sector as part of the simplified system, with Mr Hancock and his health department accused of trying to “bounce” Boris Johnson into the move.

It comes after the British economy grew by a paltry 2.1 per cent in August - scuppering hopes of a "V-shaped recovery".

"Today's figures show our economy has grown for four consecutive months, but I know that many people are worried about the coming winter months," Mr Sunak said of the disappointing statistics.

Asked about reports of the traffic light system, business minister Nadhim Zahawi told Sky News "the best thing to do is wait for decisions" but admitted that government leaks were "confusing" and "corrosive".
Writing in the Daily Telegraph today, Labour leader Sir Kier Starmer said the government had "lost control of the virus" and urged ministers to "get a grip".

He wrote: “It was an act of gross irresponsibility for anonymous No 10 sources to tell a few newspapers on Thursday about plans to impose further restrictions on millions of people, without any detail, without any consultation and without any statement from the prime minister.

"This has significantly added to the sense of confusion, chaos and unfairness in the approach that is being taken."

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Vitamin D: Highly relevant in the UAE due to limited sun exposure; supports bone health, immunity and mood.Vitamin B12: Important for nerve health and energy production, especially for vegetarians, vegans and individuals with absorption issues.Iron: Useful only when deficiency or anaemia is confirmed; helps reduce fatigue and support immunity.Omega-3 (EPA/DHA): Supports heart health and reduces inflammation, especially for those who consume little fish.

Barings Bank

 Barings, one of Britain’s oldest investment banks, was
founded in 1762 and operated for 233 years before it went bust after a trading
scandal. 

Barings Bank collapsed in February 1995 following colossal
losses caused by rogue trader Nick Lesson. 

Leeson gambled more than $1 billion in speculative trades,
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On Instagram: @WithHopeUAE

Although social media can be harmful to our mental health, paradoxically, one of the antidotes comes with the many social-media accounts devoted to normalising mental-health struggles. With Hope UAE is one of them.
The group, which has about 3,600 followers, was started three years ago by five Emirati women to address the stigma surrounding the subject. Via Instagram, the group recently began featuring personal accounts by Emiratis. The posts are written under the hashtag #mymindmatters, along with a black-and-white photo of the subject holding the group’s signature red balloon.
“Depression is ugly,” says one of the users, Amani. “It paints everything around me and everything in me.”
Saaed, meanwhile, faces the daunting task of caring for four family members with psychological disorders. “I’ve had no support and no resources here to help me,” he says. “It has been, and still is, a one-man battle against the demons of fractured minds.”
In addition to With Hope UAE’s frank social-media presence, the group holds talks and workshops in Dubai. “Change takes time,” Reem Al Ali, vice chairman and a founding member of With Hope UAE, told The National earlier this year. “It won’t happen overnight, and it will take persistent and passionate people to bring about this change.”

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.”

Who's who in Yemen conflict

Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government

Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council

Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south

Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory

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