Joe Biden and his aides — and a small but growing group of Republicans — have emphasised the importance of being briefed on White House efforts to control the pandemic and distribute prospective vaccines. AP Photo
Joe Biden and his aides — and a small but growing group of Republicans — have emphasised the importance of being briefed on White House efforts to control the pandemic and distribute prospective vaccines. AP Photo
Joe Biden and his aides — and a small but growing group of Republicans — have emphasised the importance of being briefed on White House efforts to control the pandemic and distribute prospective vaccines. AP Photo
Joe Biden and his aides — and a small but growing group of Republicans — have emphasised the importance of being briefed on White House efforts to control the pandemic and distribute prospective vacci

‘More people may die’: Biden urges Trump to aid transition


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President-elect Joe Biden on Monday warned of dire consequences if President Donald Trump and his administration continue to refuse to coordinate with his transition team on the coronavirus pandemic and block briefings on national security, policy issues and vaccine plans.

The remarks marked Mr Biden’s toughest comments to date on Mr Trump’s failure to acknowledge his election loss and cooperate with the incoming administration for a peaceful transfer of power.

“More people may die if we don’t coordinate,” Mr Biden told reporters during a news conference in Wilmington, Delaware.

Mr Biden and his aides — and a small but growing group of Republicans — have emphasised the importance of being briefed on White House efforts to control the pandemic and distribute prospective vaccines. The Trump administration is working on its own distribution plan, while Mr Biden’s chief of staff indicated his transition team will proceed with their own planning separately because of the obstruction.

Senator Susan Collins said it’s “absolutely crucial that the apparent president-elect and his team have full access to the planning that has gone on” for vaccine distribution.

“It is no easy matter” to distribute a vaccine, Ms Collins said, so “it’s absolutely imperative for public health, that all of the planning that’s gone on for which the current administration deserves credit, be shared with the new administration.”

The outgoing president has refused so far to bend to pressure from Democrats or Republicans as he continues to dispute his loss to Mr Biden, who has surpassed the 270 electoral vote threshold to become president and is leading Mr Trump by more than 5.5 million votes nationally.

Cooperation between the outgoing and incoming administrations, traditionally a key component to the peaceful transfer of power in the United States, takes on heightened significance this year because of the coronavirus pandemic.

Mr Biden called the vaccine distribution a “huge, huge undertaking,” and said that if his team has to wait until he takes office to dig into the government’s distribution plan, they’ll be “behind, over a month, month and a half.”

Before taking questions, Mr Biden outlined his plans to alleviate inequality and boost the US economy but said that any structural reforms depended first on reining in the pandemic and delivering more immediate relief.

“Once we shut down the virus and deliver economic relief to workers and businesses, then we can start to build back better than before,” he said.

Mr Biden has vowed to spend trillions of dollars to reinvigorate US manufacturing, expand health care coverage and combat climate change, among other priorities. But his chief priority remains controlling the pandemic, which is surging to record levels and forcing state and local leaders to implement new rounds of restrictions on local businesses.

The president-elect has so far tried to sidestep difficult questions about whether he might support a short-term national lockdown to arrest the surge of coronavirus cases. Since defeating  Mr Trump, Mr Biden has devoted most of his public remarks to encouraging Americans to wear masks and embrace social distancing measures.

But members of his coronavirus advisory board have been more specific. One member, Michael Osterholm, recently suggested a four- to six-week national lockdown with financial aid for Americans whose livelihoods would be affected. He later walked back the remarks and was rebutted by two other members of the panel who said a widespread lockdown shouldn’t be under consideration.

Speaking Monday on “CBS This Morning,” Mr Osterholm was not asked about a potential lockdown, but he said the nation needs “a standard set of principles.”

“Right now, we don’t have a standardized set so you’re hearing all these governors and mayors are scrambling to try to find what is the right answer for us, and it would surely help all of them, and that’s what I’m hearing from them, that we have a standardised set of recommendations and protocols,” he said.

Mr Biden was asked on Monday whether he would encourage leaders to look at potentially reinstating stay-at-home orders now that the pandemic is surging nationwide. He avoided answering directly and instead called on officials to embrace mask-wearing and criticized those who haven’t.

Before his Monday address, Mr Biden and Vice President-elect Kamala Harris held virtual meetings with AFL-CIO President Richard Trumka, General Motors CEO Mary Barra and Microsoft CEO Satya Nadella, among others.

Brief scores:

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Capoue 45' 1

The story of Edge

Sheikh Mohamed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, established Edge in 2019.

It brought together 25 state-owned and independent companies specialising in weapons systems, cyber protection and electronic warfare.

Edge has an annual revenue of $5 billion and employs more than 12,000 people.

Some of the companies include Nimr, a maker of armoured vehicles, Caracal, which manufactures guns and ammunitions company, Lahab

 

David Haye record

Total fights: 32
Wins: 28
Wins by KO: 26
Losses: 4

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The years Ramadan fell in May

1987

1954

1921

1888

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.”

Our legal consultant

Name: Dr Hassan Mohsen Elhais

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

UK’s AI plan
  • AI ambassadors such as MIT economist Simon Johnson, Monzo cofounder Tom Blomfield and Google DeepMind’s Raia Hadsell
  • £10bn AI growth zone in South Wales to create 5,000 jobs
  • £100m of government support for startups building AI hardware products
  • £250m to train new AI models
Thank You for Banking with Us

Director: Laila Abbas

Starring: Yasmine Al Massri, Clara Khoury, Kamel El Basha, Ashraf Barhoum

Rating: 4/5

UAE v Ireland

1st ODI, UAE win by 6 wickets

2nd ODI, January 12

3rd ODI, January 14

4th ODI, January 16

Porsche Taycan Turbo specs

Engine: Two permanent-magnet synchronous AC motors

Transmission: two-speed

Power: 671hp

Torque: 1050Nm

Range: 450km

Price: Dh601,800

On sale: now

Black Panther
Dir: Ryan Coogler
Starring: Chadwick Boseman, Michael B Jordan, Lupita Nyong'o
Five stars

Polarised public

31% in UK say BBC is biased to left-wing views

19% in UK say BBC is biased to right-wing views

19% in UK say BBC is not biased at all

Source: YouGov

Who was Alfred Nobel?

The Nobel Prize was created by wealthy Swedish chemist and entrepreneur Alfred Nobel.

  • In his will he dictated that the bulk of his estate should be used to fund "prizes to those who, during the preceding year, have conferred the greatest benefit to humankind".
  • Nobel is best known as the inventor of dynamite, but also wrote poetry and drama and could speak Russian, French, English and German by the age of 17. The five original prize categories reflect the interests closest to his heart.
  • Nobel died in 1896 but it took until 1901, following a legal battle over his will, before the first prizes were awarded.
Joker: Folie a Deux

Starring: Joaquin Phoenix, Lady Gaga, Brendan Gleeson

Director: Todd Phillips 

Rating: 2/5

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T20 World Cup Qualifier, Muscat

UAE FIXTURES

Friday February 18: v Ireland

Saturday February 19: v Germany

Monday February 21: v Philippines

Tuesday February 22: semi-finals

Thursday February 24: final 

Specs

Engine: 51.5kW electric motor

Range: 400km

Power: 134bhp

Torque: 175Nm

Price: From Dh98,800

Available: Now

Ferrari 12Cilindri specs

Engine: naturally aspirated 6.5-liter V12

Power: 819hp

Torque: 678Nm at 7,250rpm

Price: From Dh1,700,000

Available: Now

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Indika
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THE SPECS

Engine: 1.5-litre, four-cylinder turbo

Transmission: seven-speed dual clutch automatic

Power: 169bhp

Torque: 250Nm

Price: Dh54,500

On sale: now

Team Angel Wolf Beach Blast takes place every Wednesday between 4:30pm and 5:30pm

RESULTS

6.30pm: Emirates Holidays Maiden (TB) Dh 82,500 (Dirt) 1,900m
Winner: Lady Snazz, Richard Mullen (jockey), Satish Seemar (trainer).

7.05pm: Arabian Adventures Maiden (TB) Dh 82,500 (D) 1,200m
Winner: Zhou Storm, Connor Beasley, Ali Rashid Al Raihe.

7.40pm: Emirates Skywards Handicap (TB) Dh 82,500 (D) 1,200m
Winner: Rich And Famous, Royston Ffrench, Salem bin Ghadayer.

8.15pm: Emirates Airline Conditions (TB) Dh 120,000 (D) 1,400m
Winner: Rio Angie, Sam Hitchcock, Doug Watson.

8.50pm: Emirates Sky Cargo (TB) Dh 92,500 (D) 1,400m
Winner: Kinver Edge, Richard Mullen, Satish Seemar.

9.15pm: Emirates.com (TB) Dh 95,000 (D) 2,000m
Winner: Firnas, Xavier Ziani, Salem bin Ghadayer.

Game Changer

Director: Shankar 

Stars: Ram Charan, Kiara Advani, Anjali, S J Suryah, Jayaram

Rating: 2/5

How to apply for a drone permit
  • Individuals must register on UAE Drone app or website using their UAE Pass
  • Add all their personal details, including name, nationality, passport number, Emiratis ID, email and phone number
  • Upload the training certificate from a centre accredited by the GCAA
  • Submit their request
What are the regulations?
  • Fly it within visual line of sight
  • Never over populated areas
  • Ensure maximum flying height of 400 feet (122 metres) above ground level is not crossed
  • Users must avoid flying over restricted areas listed on the UAE Drone app
  • Only fly the drone during the day, and never at night
  • Should have a live feed of the drone flight
  • Drones must weigh 5 kg or less
Book%20Details
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The specs

BMW M8 Competition Coupe

Engine 4.4-litre twin-turbo V8

Power 625hp at 6,000rpm

Torque 750Nm from 1,800-5,800rpm

Gearbox Eight-speed paddleshift auto

Acceleration 0-100kph in 3.2 sec

Top speed 305kph

Fuel economy, combined 10.6L / 100km

Price from Dh700,000 (estimate)

On sale Jan/Feb 2020
 

The specs

Engine: 4.0-litre V8 twin-turbocharged and three electric motors

Power: Combined output 920hp

Torque: 730Nm at 4,000-7,000rpm

Transmission: 8-speed dual-clutch automatic

Fuel consumption: 11.2L/100km

On sale: Now, deliveries expected later in 2025

Price: expected to start at Dh1,432,000

BMW M5 specs

Engine: 4.4-litre twin-turbo V-8 petrol enging with additional electric motor

Power: 727hp

Torque: 1,000Nm

Transmission: 8-speed auto

Fuel consumption: 10.6L/100km

On sale: Now

Price: From Dh650,000