The Met Office has issued fresh snow and ice weather warnings. AFP
The Met Office has issued fresh snow and ice weather warnings. AFP
The Met Office has issued fresh snow and ice weather warnings. AFP
The Met Office has issued fresh snow and ice weather warnings. AFP

UK braces for cold spell with temperatures dropping to -12°C


Marwa Hassan
  • English
  • Arabic

The Met Office has issued fresh yellow snow and ice weather warnings across most of the country as temperatures in the UK are expected to drop as low as minus 12ºC this week.

The warnings are set to last until Wednesday in some areas.

The cold snap could cause possible travel disruption, particularly for high-sided vehicles are at risk from the gusts, and delays to road, rail, air, and ferry transport are likely. The weather could also cause damage to trees.

According to forecasters, residents can expect rain, sleet and snow, followed by ice which could disrupt travel.

Met Office meteorologist Simon Partridge has said that wintry weather will hit the UK overnight, with lows of minus 11ºC expected in the sheltered glens of Scotland on Monday, dropping to minus 12ºC by Wednesday morning.

Although parts of southern England will be saved from the worst of the cold early in the week, temperatures will drop across the country by Wednesday.

Mr Partridge said: “Wednesday overnight will be very cold for pretty much the whole of the UK, so if you’ve got plants that have gone out early, get them in tomorrow because the frost is going to be widespread in the morning.”

UK Met Office issued a yellow warning as temperatures as expected to drop below minus 12ºC. Infographic PA Graphics
UK Met Office issued a yellow warning as temperatures as expected to drop below minus 12ºC. Infographic PA Graphics

The week ahead is set to be “unsettled", with the weather shifting to rainy and windy amid milder temperatures from Thursday onwards.

However, residents in Scotland, Northern Ireland, northern England and North Wales, were warned of wintry showers and partially melted snow freezing on untreated surfaces and turning them into icy stretches. These places have also been issued a yellow snow and ice warning.

  • A snow covered cottage near Carrshield, northern England. AP
    A snow covered cottage near Carrshield, northern England. AP
  • Nenthead in the North Pennines in Cumbria after heavy snowfall. PA
    Nenthead in the North Pennines in Cumbria after heavy snowfall. PA
  • Snow at the side of the football pitch at Oakwell Stadium, in Barnsley. PA
    Snow at the side of the football pitch at Oakwell Stadium, in Barnsley. PA
  • An expanse of snow covered fields in Holmfirth. EPA
    An expanse of snow covered fields in Holmfirth. EPA
  • Heavy snow in Lanchester, Co Durham, as an Arctic blast grips the UK. PA
    Heavy snow in Lanchester, Co Durham, as an Arctic blast grips the UK. PA
  • A dog walker braves the snow as he walks past Bidston Windmill near Birkenhead, north-west England. AFP
    A dog walker braves the snow as he walks past Bidston Windmill near Birkenhead, north-west England. AFP
  • Traffic at a standstill on the M62 near Kirklees, West Yorkshire. PA
    Traffic at a standstill on the M62 near Kirklees, West Yorkshire. PA
  • Snow falls on Saddleworth Moor golf course in Uppermill near Oldham. PA
    Snow falls on Saddleworth Moor golf course in Uppermill near Oldham. PA
  • A man clears snow from the pavement in Tow Law, Co Durham. PA
    A man clears snow from the pavement in Tow Law, Co Durham. PA
  • The Angel of the North looks down on the snow lying in Gateshead, north-east England. Reuters
    The Angel of the North looks down on the snow lying in Gateshead, north-east England. Reuters
  • Snow covers a street in Liverpool after a heavy fall overnight. PA
    Snow covers a street in Liverpool after a heavy fall overnight. PA
  • Heavy snow covers houses in Burton Latimer, Northamptonshire. PA
    Heavy snow covers houses in Burton Latimer, Northamptonshire. PA
  • Snow falls around the Liver Building in Liverpool. PA
    Snow falls around the Liver Building in Liverpool. PA
  • Bamburgh Castle is surrounded by snow in Northumberland. PA
    Bamburgh Castle is surrounded by snow in Northumberland. PA
  • Felicity the dog shelters from the snow under an umbrella at Crufts in Birmingham. Getty Images
    Felicity the dog shelters from the snow under an umbrella at Crufts in Birmingham. Getty Images
  • Snow settles on Glastonbury Tor. PA
    Snow settles on Glastonbury Tor. PA
  • Snow-covered allotments in Stevenage. PA
    Snow-covered allotments in Stevenage. PA
  • Cars driving through snow on the M5 motorway near Taunton. PA
    Cars driving through snow on the M5 motorway near Taunton. PA
  • A couple walk their dog at Dartland Banks nature reserve near Sevenoaks. Getty Images
    A couple walk their dog at Dartland Banks nature reserve near Sevenoaks. Getty Images
  • A jogger on the Long Walk towards Windsor Castle. PA
    A jogger on the Long Walk towards Windsor Castle. PA
  • Swimmers brave the cold at King Edward's Bay, near Tynemouth on the north-east coast. PA
    Swimmers brave the cold at King Edward's Bay, near Tynemouth on the north-east coast. PA
  • Beach huts at Blyth in Northumberland. PA
    Beach huts at Blyth in Northumberland. PA
  • A street blanketed with snow in the west end of Aberdeen, Scotland. PA
    A street blanketed with snow in the west end of Aberdeen, Scotland. PA
  • Goathland train station in North Yorkshire. PA
    Goathland train station in North Yorkshire. PA
  • Snow-covered fields surround Alnwick Castle in Northumberland. PA
    Snow-covered fields surround Alnwick Castle in Northumberland. PA
  • The North York Moors National Park after snowfall. PA
    The North York Moors National Park after snowfall. PA
  • The Met Office issued guidance for driving in the heavy snow in Briggswath, North Yorkshire. PA
    The Met Office issued guidance for driving in the heavy snow in Briggswath, North Yorkshire. PA
  • Wintery snowy scene in Northumberland. PA
    Wintery snowy scene in Northumberland. PA
  • St Mary's Church in Goathland, North Yorkshire. PA
    St Mary's Church in Goathland, North Yorkshire. PA
  • Gritters treated the A1 motorway at Alnwick. PA
    Gritters treated the A1 motorway at Alnwick. PA

The Met Office has warned that “partially melted snow is likely to freeze on untreated surfaces leading to icy stretches” and “wintry showers will continue through Tuesday, although by midmorning the temperature on most roads will likely have risen sufficiently to reduce the risk of further accumulating snow or ice".

By the Monday morning rush hour, there were over 60 flood alerts and five warnings that flooding was expected.

The public is advised to stay vigilant, take extra care while travelling and keep an eye on the latest weather updates.

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.”

COMPANY PROFILE
Company name: BorrowMe (BorrowMe.com)

Date started: August 2021

Founder: Nour Sabri

Based: Dubai, UAE

Sector: E-commerce / Marketplace

Size: Two employees

Funding stage: Seed investment

Initial investment: $200,000

Investors: Amr Manaa (director, PwC Middle East) 

if you go

The flights

Etihad and Emirates fly direct from the UAE to Seoul from Dh3,775 return, including taxes

The package

Ski Safari offers a seven-night ski package to Korea, including five nights at the Dragon Valley Hotel in Yongpyong and two nights at Seoul CenterMark hotel, from £720 (Dh3,488) per person, including transfers, based on two travelling in January

The info

Visit www.gokorea.co.uk

UAE currency: the story behind the money in your pockets
COMPANY%20PROFILE%20
%3Cp%3EName%3A%20DarDoc%3Cbr%3EBased%3A%20Abu%20Dhabi%3Cbr%3EFounders%3A%20Samer%20Masri%2C%20Keswin%20Suresh%3Cbr%3ESector%3A%20HealthTech%3Cbr%3ETotal%20funding%3A%20%24800%2C000%3Cbr%3EInvestors%3A%20Flat6Labs%2C%20angel%20investors%20%2B%20Incubated%20by%20Hub71%2C%20Abu%20Dhabi's%20Department%20of%20Health%3Cbr%3ENumber%20of%20employees%3A%2010%3C%2Fp%3E%0A
The specs: Macan Turbo

Engine: Dual synchronous electric motors
Power: 639hp
Torque: 1,130Nm
Transmission: Single-speed automatic
Touring range: 591km
Price: From Dh412,500
On sale: Deliveries start in October

Donating your hair

    •    Your hair should be least 30 cms long, as some of the hair is lost during manufacturing of the wigs.
    •    Clean, dry hair in good condition (no split ends) from any gender, and of any natural colour, is required.
    •    Straight, wavy, curly, permed or chemically straightened is permitted.
    •    Dyed hair must be of a natural colour
 

 

Who are the Sacklers?

The Sackler family is a transatlantic dynasty that owns Purdue Pharma, which manufactures and markets OxyContin, one of the drugs at the centre of America's opioids crisis. The family is well known for their generous philanthropy towards the world's top cultural institutions, including Guggenheim Museum, the National Portrait Gallery, Tate in Britain, Yale University and the Serpentine Gallery, to name a few. Two branches of the family control Purdue Pharma.

Isaac Sackler and Sophie Greenberg were Jewish immigrants who arrived in New York before the First World War. They had three sons. The first, Arthur, died before OxyContin was invented. The second, Mortimer, who died aged 93 in 2010, was a former chief executive of Purdue Pharma. The third, Raymond, died aged 97 in 2017 and was also a former chief executive of Purdue Pharma. 

It was Arthur, a psychiatrist and pharmaceutical marketeer, who started the family business dynasty. He and his brothers bought a small company called Purdue Frederick; among their first products were laxatives and prescription earwax remover.

Arthur's branch of the family has not been involved in Purdue for many years and his daughter, Elizabeth, has spoken out against it, saying the company's role in America's drugs crisis is "morally abhorrent".

The lawsuits that were brought by the attorneys general of New York and Massachussetts named eight Sacklers. This includes Kathe, Mortimer, Richard, Jonathan and Ilene Sackler Lefcourt, who are all the children of either Mortimer or Raymond. Then there's Theresa Sackler, who is Mortimer senior's widow; Beverly, Raymond's widow; and David Sackler, Raymond's grandson.

Members of the Sackler family are rarely seen in public.

Labour dispute

The insured employee may still file an ILOE claim even if a labour dispute is ongoing post termination, but the insurer may suspend or reject payment, until the courts resolve the dispute, especially if the reason for termination is contested. The outcome of the labour court proceedings can directly affect eligibility.


- Abdullah Ishnaneh, Partner, BSA Law 

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

Groom and Two Brides

Director: Elie Semaan

Starring: Abdullah Boushehri, Laila Abdallah, Lulwa Almulla

Rating: 3/5

Bareilly Ki Barfi
Directed by: Ashwiny Iyer Tiwari
Starring: Kriti Sanon, Ayushmann Khurrana, Rajkummar Rao
Three and a half stars

Generational responses to the pandemic

Devesh Mamtani from Century Financial believes the cash-hoarding tendency of each generation is influenced by what stage of the employment cycle they are in. He offers the following insights:

Baby boomers (those born before 1964): Owing to market uncertainty and the need to survive amid competition, many in this generation are looking for options to hoard more cash and increase their overall savings/investments towards risk-free assets.

Generation X (born between 1965 and 1980): Gen X is currently in its prime working years. With their personal and family finances taking a hit, Generation X is looking at multiple options, including taking out short-term loan facilities with competitive interest rates instead of dipping into their savings account.

Millennials (born between 1981 and 1996): This market situation is giving them a valuable lesson about investing early. Many millennials who had previously not saved or invested are looking to start doing so now.

Updated: March 14, 2023, 10:02 AM