News of the new variant comes on the day US suffers over 4,00 daily Covid deaths, the highest number on record. AFP
News of the new variant comes on the day US suffers over 4,00 daily Covid deaths, the highest number on record. AFP
News of the new variant comes on the day US suffers over 4,00 daily Covid deaths, the highest number on record. AFP
News of the new variant comes on the day US suffers over 4,00 daily Covid deaths, the highest number on record. AFP

US Covid variant: Report of highly contagious new strain refuted


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The White House coronavirus task force report on Friday of a new Covid variant was based on speculation,  The New York Times said.

The source of the misinformation was said to be Dr Deborah Birx, who left her role advising the Trump administration in December.

The report was based on a presentation she made to the task force in which she asserted that there was a new variant, and made a connection with the UK strain which earlier on Friday compelled London Mayor Sadiq Khan to declare a major incident in the capital.

Officials from the Centres for Disease Control and Prevention had dissented from Dr Birx's suppositions, and had tried to redact them from the report that was sent to governors.

They rejected the US variant in a statement which said that "neither researchers nor analysts at CDC have seen the emergence of a particular variant in the United States".

The news of the new variant had been announced as a Reuters tally reported the deaths of more than 4,000 people, the highest daily death toll to date.

States are under immense pressure with Los Angeles in Californa soon expecting 1,000 Covid deaths a week, as this video documents.

The current case rate is nearly double that reported in the spring and summer of last year with the US is currently averaging at least 228,400 new cases a day and 2,760 virus-related deaths, according to Johns Hopkins University.

With America reeling from the Covid pandemic, president-elect Joe Biden on Friday called for more vaccines to be released when he takes office.

The President-elect believes we must accelerate distribution of the vaccine while continuing to ensure the Americans who need it most get it as soon as possible

The plan would be a departure from the Trump administration's strategy of holding back supplies to ensure that required second doses of the vaccines are available. Manufacturing would have to be consistent enough to supply those second doses on schedule, three or four weeks after the first.

"The president-elect believes we must accelerate distribution of the vaccine while continuing to ensure the Americans who need it most get it as soon as possible," TJ Ducklo, a spokesman for Mr Biden's transition team, told Reuters.

The US vaccine distribution project began slowly as hospitals have not been able to administer the shots as quickly as they have received them.

A federal programme aimed at inoculating residents and staff at long-term care homes was also behind schedule.

One problem is that there is no federal infrastructure or plan in place for administering the vaccines once they have been distributed, leaving states to design their own strategies with little funding to do so.

The effort has fallen far short of the Trump administration's goal of having 20 million people vaccinated by the end of 2020.

States distributing the vaccine at varying paces

New York on Friday became the latest state to expand its vaccination distribution programme to seniors, with Governor Andrew Cuomo announcing that people aged 75 and over could start receiving the shot next week.

In Arizona, where people over 75 are eligible to receive the vaccine in some counties, Republican Governor Doug Ducey said on Friday the state would use the Arizona Cardinals' football stadium as a 24-hour vaccination site to speed up the process.

In Texas, Florida and Georgia, which are among some dozen states that have either begun or will soon begin inoculating vulnerable seniors, people over 65 are eligible for a vaccine shot. West Virginia and Indiana are so far limiting the vaccine to those over 80.

West Virginia leads the country in first-dose inoculations, having administered 59 per cent of its allotted vaccine supply, according to the CDC.

With the US struggling, here you can read how the UK intends to meet its own stiff vaccine targets.

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Covid around the world - in pictures

  • Ellen Prosser, known as Nell, who is 100 years old, receives the Oxford/AstraZeneca COVID-19 vaccine from Dr Nikki Kanani at the Sunrise Care Home, amid the coronavirus disease pandemic in Sidcup, Britain. Reuters
    Ellen Prosser, known as Nell, who is 100 years old, receives the Oxford/AstraZeneca COVID-19 vaccine from Dr Nikki Kanani at the Sunrise Care Home, amid the coronavirus disease pandemic in Sidcup, Britain. Reuters
  • An anti-lockdown protester is arrested by police officers in Parliament Square outside the House of Commons in London, England. The UK Parliament has been recalled today to debate and vote on the new regulations needed to reimpose the England-wide lockdown that was announced by Prime Minister Boris Johnson on Monday night. Getty Images
    An anti-lockdown protester is arrested by police officers in Parliament Square outside the House of Commons in London, England. The UK Parliament has been recalled today to debate and vote on the new regulations needed to reimpose the England-wide lockdown that was announced by Prime Minister Boris Johnson on Monday night. Getty Images
  • Zac applauds in the snow during the Clap for Heroes campaign, outside his house in Keele, Staffordshire, Britain. Reuters
    Zac applauds in the snow during the Clap for Heroes campaign, outside his house in Keele, Staffordshire, Britain. Reuters
  • A medical worker shows a Pfizer-BioNTech Covid-19 vaccine dose, in a military base in Petrinja, some 50 kilometers (31 miles) from Zagreb, before to give it to an old woman who lost her house in a powerful earthquake which strucked central Croatia on December 29, 2020. AFP
    A medical worker shows a Pfizer-BioNTech Covid-19 vaccine dose, in a military base in Petrinja, some 50 kilometers (31 miles) from Zagreb, before to give it to an old woman who lost her house in a powerful earthquake which strucked central Croatia on December 29, 2020. AFP
  • A Colombian police car patrols the street in Medellin, Colombia. Colombian authorities placed several regions, including Antioquia and its capital Medellin, under a new lockdown after an increase in coronavirus cases. In addition, a night curfew was imposed. AFP
    A Colombian police car patrols the street in Medellin, Colombia. Colombian authorities placed several regions, including Antioquia and its capital Medellin, under a new lockdown after an increase in coronavirus cases. In addition, a night curfew was imposed. AFP
  • A patient is carried on a stretcher by healthcare workers outside Santa Maria hospital in Lisbon. Portugal reported a record 10,000 new coronavirus cases in 24 hours yesterday, and the government warned that its hospitals were under "enormous pressure" from the resurgence of the pandemic. AFP
    A patient is carried on a stretcher by healthcare workers outside Santa Maria hospital in Lisbon. Portugal reported a record 10,000 new coronavirus cases in 24 hours yesterday, and the government warned that its hospitals were under "enormous pressure" from the resurgence of the pandemic. AFP
  • A man sits by the grave of a Covid-19 coronavirus victim amid pouring rain at Keputih cemetery in Surabaya. AFP
    A man sits by the grave of a Covid-19 coronavirus victim amid pouring rain at Keputih cemetery in Surabaya. AFP
  • Primary school teacher Marzio Toniolo's pupils, wearing masks, sitting at a distance from each other attend a lesson as they return to the classroom as part of Italy's coronavirus disease regulations after the holidays, in Santo Stefano Lodigiano, Italy. Toniolo has been documenting what life has been like for a small cluster of northern Italian towns since they were put on lockdown weeks before the rest of the country in February last year. Reuters
    Primary school teacher Marzio Toniolo's pupils, wearing masks, sitting at a distance from each other attend a lesson as they return to the classroom as part of Italy's coronavirus disease regulations after the holidays, in Santo Stefano Lodigiano, Italy. Toniolo has been documenting what life has been like for a small cluster of northern Italian towns since they were put on lockdown weeks before the rest of the country in February last year. Reuters
  • A person feeds pigeons at Piazza Navona, as the region enters the 'yellow zone' after the government relaxed some of the coronavirus disease curbs on weekdays following a strict lockdown over the holidays, in Rome, Italy. Reuters
    A person feeds pigeons at Piazza Navona, as the region enters the 'yellow zone' after the government relaxed some of the coronavirus disease curbs on weekdays following a strict lockdown over the holidays, in Rome, Italy. Reuters
  • People watch an outdoor movie screening within their social distances during the coronavirus disease outbreak in Singapore. Reuters
    People watch an outdoor movie screening within their social distances during the coronavirus disease outbreak in Singapore. Reuters
  • Pedestrians, wearing protective masks against COVID-19, stand in strong wind in Tokyo, Japan. Reuters
    Pedestrians, wearing protective masks against COVID-19, stand in strong wind in Tokyo, Japan. Reuters
  • A doctor collects a sample for coronavirus testing in Shah Alam on the outskirts of Kuala Lumpur, Malaysia. The recovery movement control order (RMCO) throughout the country has been extended until March 31, 2021, said Senior Minister (Security Cluster) Datuk Seri Ismail Sabri Yaakob. AP Photo
    A doctor collects a sample for coronavirus testing in Shah Alam on the outskirts of Kuala Lumpur, Malaysia. The recovery movement control order (RMCO) throughout the country has been extended until March 31, 2021, said Senior Minister (Security Cluster) Datuk Seri Ismail Sabri Yaakob. AP Photo
  • Registered nurse Kyanna Barboza tends to her COVID-19 patient at St. Joseph Hospital in Orange, California. The virus is surging in virtually every state. California is particularly hard hit, with skyrocketing deaths and infections threatening to force hospitals to ration care. AP Photo
    Registered nurse Kyanna Barboza tends to her COVID-19 patient at St. Joseph Hospital in Orange, California. The virus is surging in virtually every state. California is particularly hard hit, with skyrocketing deaths and infections threatening to force hospitals to ration care. AP Photo
  • Staff state health worker prepares a Pfizer coronavirus vaccine to administer for residents and health workers at San Jeronimo nursing home, in Estella, around 38 kms (23 miles) from Pamplona, northern Spain. Spain plans to receive over 4.5 million doses of the vaccine over the next three months, enough it says to immunize just over 2.2 million people. The government estimates that this first phase will be enough to cover nursing home residents and workers, followed by health workers in general and people with disabilities. AP Photo
    Staff state health worker prepares a Pfizer coronavirus vaccine to administer for residents and health workers at San Jeronimo nursing home, in Estella, around 38 kms (23 miles) from Pamplona, northern Spain. Spain plans to receive over 4.5 million doses of the vaccine over the next three months, enough it says to immunize just over 2.2 million people. The government estimates that this first phase will be enough to cover nursing home residents and workers, followed by health workers in general and people with disabilities. AP Photo
Test series fixtures

(All matches start at 2pm UAE)

1st Test Lord's, London from Thursday to Monday

2nd Test Nottingham from July 14-18

3rd Test The Oval, London from July 27-31

4th Test Manchester from August 4-8

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.”

What She Ate: Six Remarkable Women & the Food That Tells Their Stories
Laura Shapiro
Fourth Estate

Schedule:

Friday, January 12: Six fourball matches
Saturday, January 13: Six foursome (alternate shot) matches
Sunday, January 14: 12 singles

The specs: 2018 Honda City

Price, base: From Dh57,000
Engine: 1.5L, in-line four-cylinder
Transmission: Continuously variable transmission
Power: 118hp @ 6,600rpm
Torque: 146Nm @ 4,600rpm
Fuel economy, combined: 5.8L / 100km

Islamophobia definition

A widely accepted definition was made by the All Party Parliamentary Group on British Muslims in 2019: “Islamophobia is rooted in racism and is a type of racism that targets expressions of Muslimness or perceived Muslimness.” It further defines it as “inciting hatred or violence against Muslims”.

How much do leading UAE’s UK curriculum schools charge for Year 6?
  1. Nord Anglia International School (Dubai) – Dh85,032
  2. Kings School Al Barsha (Dubai) – Dh71,905
  3. Brighton College Abu Dhabi - Dh68,560
  4. Jumeirah English Speaking School (Dubai) – Dh59,728
  5. Gems Wellington International School – Dubai Branch – Dh58,488
  6. The British School Al Khubairat (Abu Dhabi) - Dh54,170
  7. Dubai English Speaking School – Dh51,269

*Annual tuition fees covering the 2024/2025 academic year

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Everton%20Fixtures
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Skoda Superb Specs

Engine: 2-litre TSI petrol

Power: 190hp

Torque: 320Nm

Price: From Dh147,000

Available: Now

Defence review at a glance

• Increase defence spending to 2.5% of GDP by 2027 but given “turbulent times it may be necessary to go faster”

• Prioritise a shift towards working with AI and autonomous systems

• Invest in the resilience of military space systems.

• Number of active reserves should be increased by 20%

• More F-35 fighter jets required in the next decade

• New “hybrid Navy” with AUKUS submarines and autonomous vessels

Lampedusa: Gateway to Europe
Pietro Bartolo and Lidia Tilotta
Quercus

Jetour T1 specs

Engine: 2-litre turbocharged

Power: 254hp

Torque: 390Nm

Price: From Dh126,000

Available: Now

Our legal consultant

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants

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COMPANY%20PROFILE
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The Vile

Starring: Bdoor Mohammad, Jasem Alkharraz, Iman Tarik, Sarah Taibah

Director: Majid Al Ansari

Rating: 4/5

Real estate tokenisation project

Dubai launched the pilot phase of its real estate tokenisation project last month.

The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.

Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.

Quick pearls of wisdom

Focus on gratitude: And do so deeply, he says. “Think of one to three things a day that you’re grateful for. It needs to be specific, too, don’t just say ‘air.’ Really think about it. If you’re grateful for, say, what your parents have done for you, that will motivate you to do more for the world.”

Know how to fight: Shetty married his wife, Radhi, three years ago (he met her in a meditation class before he went off and became a monk). He says they’ve had to learn to respect each other’s “fighting styles” – he’s a talk it-out-immediately person, while she needs space to think. “When you’re having an argument, remember, it’s not you against each other. It’s both of you against the problem. When you win, they lose. If you’re on a team you have to win together.”