Newly dug graves at the Sao Francisco Xavier cemetery in Rio de Janeiro on May 29, 2020 as Brazil's coronavirus death toll neared 28,000. Reuters
Newly dug graves at the Sao Francisco Xavier cemetery in Rio de Janeiro on May 29, 2020 as Brazil's coronavirus death toll neared 28,000. Reuters
Newly dug graves at the Sao Francisco Xavier cemetery in Rio de Janeiro on May 29, 2020 as Brazil's coronavirus death toll neared 28,000. Reuters
Newly dug graves at the Sao Francisco Xavier cemetery in Rio de Janeiro on May 29, 2020 as Brazil's coronavirus death toll neared 28,000. Reuters

Coronavirus: Brazil sees record jump in cases as it passes France in deaths


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Brazil reported a record 33,274 new cases of the novel coronavirus as its death toll surpassed that of France and now ranks only below the United States, Britain and Italy.

The South American nation has now reported 498,440 confirmed cases of coronavirus since the outbreak began, a level of contagion second only to the United States.

The death toll in Brazil from Covid-19, the respiratory illness caused by the coronavirus, increased to 28,834, with 956 new deaths in the last 24 hours, the health ministry said.

The latest US death toll stood at 103,781, according to a tally kept by John Hopkins University, while UK had 38,458 deaths and Italy 33,340.

Sao Paulo and Rio de Janeiro remain Brazil's hardest-hit states in terms of sheer numbers, while per capita rates are higher in the country's impoverished north and north-east, where health facilities are reaching capacity.

The health ministry has said "there is no way to foresee" when the country's outbreak will peak, and experts say the number of cases could be 15 times higher than the confirmed figure because there has been no widespread testing.

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Coronavirus around the world

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The pandemic is spreading across Brazil under a cloud of confrontation, as governors and mayors implement restrictive measures while President Jair Bolsonaro, who has pinned his hopes of re-election on a booming economy, has berated them for imposing what he calls "the tyranny of total quarantine".

Differences over with the president over policy have led to the departure of two health ministers since the outbreak began. Mr Bolsonaro has called for states to eases lockdowns so that people can resume work, while also dismissing Covid-19 as "a little flu" despite nearly 370,000 deaths among the 6 million cases reported worldwide so far.

According to figures released by Brazil's statistics institute IBGE on Thursday, Latin America's biggest economy shed five million jobs in the first quarter this year, raising unemployment to 12.6 per cent.

Mr Bolsonaro on Friday proposed resuming Brazil's football season despite the growing number of cases. "As footballers are young athletes the risk of death if they catch coronavirus would be dramatically reduced," he told Radio Guaiba.

He said his chief motivation for wanting football to get back under way was to curb unemployment and the misery that accompanies it.

"The players have to survive somehow," he said, explaining that while some top footballers earn a fortune, those from smaller regional leagues need to play "to feed their families".

When football was suspended, seasons at the regional level were under way, but the national championship had been due to start in May and as yet there are no solid plans to begin.

Mr Bolsonaro and his son held meetings on May 19 with the presidents of two Rio superclubs, Vasco da Gama and Flamengo.

Photos of the president and his son wearing the shirts of the two clubs stunned social media, with official supporter groups claiming their image had been sold out to politics.

However, Mr Bolsonaro does not have the authority to order football to restart, which must be done by the regional states and municipalities.

Lexus LX700h specs

Engine: 3.4-litre twin-turbo V6 plus supplementary electric motor

Power: 464hp at 5,200rpm

Torque: 790Nm from 2,000-3,600rpm

Transmission: 10-speed auto

Fuel consumption: 11.7L/100km

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The specs

Engine: 2.0-litre 4cyl turbo

Power: 261hp at 5,500rpm

Torque: 405Nm at 1,750-3,500rpm

Transmission: 9-speed auto

Fuel consumption: 6.9L/100km

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Price: From Dh117,059

The specs

Engine: 3.5-litre twin-turbo V6

Power: 380hp at 5,800rpm

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Transmission: Eight-speed auto

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On sale: Now

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Director: Kushan Nandy

Starring: Nawazuddin Siddiqui, Bidita Bag, Jatin Goswami

Three stars

THE BIO

Favourite car: Koenigsegg Agera RS or Renault Trezor concept car.

Favourite book: I Am Pilgrim by Terry Hayes or Red Notice by Bill Browder.

Biggest inspiration: My husband Nik. He really got me through a lot with his positivity.

Favourite holiday destination: Being at home in Australia, as I travel all over the world for work. It’s great to just hang out with my husband and family.

 

 

Timeline

2012-2015

The company offers payments/bribes to win key contracts in the Middle East

May 2017

The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts

September 2021

Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act

October 2021

Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence 

December 2024

Petrofac enters into comprehensive restructuring to strengthen the financial position of the group

May 2025

The High Court of England and Wales approves the company’s restructuring plan

July 2025

The Court of Appeal issues a judgment challenging parts of the restructuring plan

August 2025

Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision

October 2025

Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange

November 2025

180 Petrofac employees laid off in the UAE

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.”

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Company Profile

Company name: Fine Diner

Started: March, 2020

Co-founders: Sami Elayan, Saed Elayan and Zaid Azzouka

Based: Dubai

Industry: Technology and food delivery

Initial investment: Dh75,000

Investor: Dtec Startupbootcamp

Future plan: Looking to raise $400,000

Total sales: Over 1,000 deliveries in three months

WHAT FANS WILL LOVE ABOUT RUSSIA

FANS WILL LOVE
Uber is ridiculously cheap and, as Diego Saez discovered, mush safer. A 45-minute taxi from Pulova airport to Saint Petersburg’s Nevsky Prospect can cost as little as 500 roubles (Dh30).

FANS WILL LOATHE
Uber policy in Russia is that they can start the fare as soon as they arrive at the pick-up point — and oftentimes they start it even before arriving, or worse never arrive yet charge you anyway.

FANS WILL LOVE
It’s amazing how active Russians are on social media and your accounts will surge should you post while in the country. Throw in a few Cyrillic hashtags and watch your account numbers rocket.

FANS WILL LOATHE
With cold soups, bland dumplings and dried fish, Russian cuisine is not to everybody’s tastebuds.  Fortunately, there are plenty Georgian restaurants to choose from, which are both excellent and economical.

FANS WILL LOVE
The World Cup will take place during St Petersburg's White Nights Festival, which means perpetual daylight in a city that genuinely never sleeps. (Think toddlers walking the streets with their grandmothers at 4am.)

FANS WILL LOATHE
The walk from Krestovsky Ostrov metro station to Saint Petersburg Arena on a rainy day makes you wonder why some of the $1.7 billion was not spent on a weather-protected walkway.

Our legal columnist

Name: Yousef Al Bahar

Advocate at Al Bahar & Associate Advocates and Legal Consultants, established in 1994

Education: Mr Al Bahar was born in 1979 and graduated in 2008 from the Judicial Institute. He took after his father, who was one of the first Emirati lawyers

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Scoreline

Liverpool 3
Mane (7'), Salah (69'), Firmino (90')

Bournemouth 0

SCORES IN BRIEF

Lahore Qalandars 186 for 4 in 19.4 overs
(Sohail 100,Phil Salt 37 not out, Bilal Irshad 30, Josh Poysden 2-26)
bt Yorkshire Vikings 184 for 5 in 20 overs
(Jonathan Tattersall 36, Harry Brook 37, Gary Ballance 33, Adam Lyth 32, Shaheen Afridi 2-36).