With air raid sirens wailing and flags at half-mast, China on Saturday held a three-minute nationwide moment of reflection to honour those who have died in the coronavirus outbreak, especially "martyrs" who fell while fighting what has become a global pandemic.
Commemorations took place at 10am in all major cities, but were particularly poignant in Wuhan, the industrial center where the virus was first detected in December.
Wuhan was placed under complete lockdown on January 23 in an effort to stem the spread of the virus and has been lauded as a "heroic city" by the nation's communist leadership for the sacrifices made by its 11 million citizens.
People have gradually been allowed to travel in and out of Wuhan under strict conditions. The quarantine on the city is to be formally lifted on Wednesday.
In Beijing, President Xi Jinping led other top officials, all dressed in black suits with white carnations, as they bowed before a flag at half-mast in the leadership compound of Zhongnanhai.
Sheikh Mohamed bin Zayed tweeted the UAE's respects to China, calling doctors who had lost their lives "heroics".
"We will confront this challenge with determination, sheer will, and a spirit of solidarity," the Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces wrote.
On Saturday, China reported one new confirmed case in Wuhan and 18 among people arriving from abroad, along with four new deaths, all in Wuhan. China now has recorded a total of 81,639 cases and 3,326 deaths, although those figures are generally considered to be understated because of a lack of testing and a reluctance to report the scale of the original outbreak.
China's slow, cautious emergence from the global pandemic comes as the US is struggling to deal with the outbreak that has taken more than 1,860 lives in New York City alone. Hard-hit European nations Italy, Spain and France are also seeing rising numbers of cases and deaths, although strict social distancing measures such as those adopted by China appear to be having an effect.
Workers in protective wear paused silently beside barriers at one residential community - a reminder that there are still tight restrictions on everyday life across Wuhan.
In the capital's Tiananmen Square, the national flag flew at half-mast, surrounded by heavier-than-normal security.
Pedestrians in one of the city's busiest shopping districts stopped walking and kept their heads low in a silent tribute ceremony, while police patrolling stood at the side of the road with their riot shields down and bowed heads.
Park-goers paused their activities too, some holding badminton rackets by their sides, others with hands together in prayer.
Officials said the observance was a chance to mourn virus "martyrs" - an honorific title bestowed by the government this week on 14 medical workers who died fighting the outbreak.
They include Li Wenliang, a doctor and whistleblower in Wuhan who was reprimanded by authorities for trying to warn others in the early days of the contagion.
Li's death from Covid-19 in February prompted a national outpouring of grief as well as anger at the government's handling of the crisis.
The ruling Communist Party has sought to direct criticism to local authorities in Hubei province and its capital Wuhan, who have been accused of downplaying the severity of the virus, possibly contributing to its spread.
A central government investigation into Li's death concluded he was "inappropriately" punished by Wuhan police.
Despite drastic measures to lock down Hubei in late January, the epidemic has spiralled into a global pandemic with more than one million cases.
Some restrictions in Hubei have been eased in recent weeks after the officially stated number of new infections in China dropped to near zero.
The burning issue
The internal combustion engine is facing a watershed moment – major manufacturer Volvo is to stop producing petroleum-powered vehicles by 2021 and countries in Europe, including the UK, have vowed to ban their sale before 2040. The National takes a look at the story of one of the most successful technologies of the last 100 years and how it has impacted life in the UAE.
Read part four: an affection for classic cars lives on
Read part three: the age of the electric vehicle begins
Read part one: how cars came to the UAE
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”.
AWARDS
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RESULTS
Lightweight (female)
Sara El Bakkali bt Anisha Kadka
Bantamweight
Mohammed Adil Al Debi bt Moaz Abdelgawad
Welterweight
Amir Boureslan bt Mahmoud Zanouny
Featherweight
Mohammed Al Katheeri bt Abrorbek Madaminbekov
Super featherweight
Ibrahem Bilal bt Emad Arafa
Middleweight
Ahmed Abdolaziz bt Imad Essassi
Bantamweight (female)
Ilham Bourakkadi bt Milena Martinou
Welterweight
Mohamed Mardi bt Noureddine El Agouti
Middleweight
Nabil Ouach bt Ymad Atrous
Welterweight
Nouredine Samir bt Marlon Ribeiro
Super welterweight
Brad Stanton bt Mohamed El Boukhari
Retirement funds heavily invested in equities at a risky time
Pension funds in growing economies in Asia, Latin America and the Middle East have a sharply higher percentage of assets parked in stocks, just at a time when trade tensions threaten to derail markets.
Retirement money managers in 14 geographies now allocate 40 per cent of their assets to equities, an 8 percentage-point climb over the past five years, according to a Mercer survey released last week that canvassed government, corporate and mandatory pension funds with almost $5 trillion in assets under management. That compares with about 25 per cent for pension funds in Europe.
The escalating trade spat between the US and China has heightened fears that stocks are ripe for a downturn. With tensions mounting and outcomes driven more by politics than economics, the S&P 500 Index will be on course for a “full-scale bear market” without Federal Reserve interest-rate cuts, Citigroup’s global macro strategy team said earlier this week.
The increased allocation to equities by growth-market pension funds has come at the expense of fixed-income investments, which declined 11 percentage points over the five years, according to the survey.
Hong Kong funds have the highest exposure to equities at 66 per cent, although that’s been relatively stable over the period. Japan’s equity allocation jumped 13 percentage points while South Korea’s increased 8 percentage points.
The money managers are also directing a higher portion of their funds to assets outside of their home countries. On average, foreign stocks now account for 49 per cent of respondents’ equity investments, 4 percentage points higher than five years ago, while foreign fixed-income exposure climbed 7 percentage points to 23 per cent. Funds in Japan, South Korea, Malaysia and Taiwan are among those seeking greater diversification in stocks and fixed income.
• Bloomberg
Dhadak 2
Director: Shazia Iqbal
Starring: Siddhant Chaturvedi, Triptii Dimri
Rating: 1/5
Other workplace saving schemes
- The UAE government announced a retirement savings plan for private and free zone sector employees in 2023.
- Dubai’s savings retirement scheme for foreign employees working in the emirate’s government and public sector came into effect in 2022.
- National Bonds unveiled a Golden Pension Scheme in 2022 to help private-sector foreign employees with their financial planning.
- In April 2021, Hayah Insurance unveiled a workplace savings plan to help UAE employees save for their retirement.
- Lunate, an Abu Dhabi-based investment manager, has launched a fund that will allow UAE private companies to offer employees investment returns on end-of-service benefits.
PROFILE OF CURE.FIT
Started: July 2016
Founders: Mukesh Bansal and Ankit Nagori
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Sector: Health & wellness
Size: 500 employees
Investment: $250 million
Investors: Accel, Oaktree Capital (US); Chiratae Ventures, Epiq Capital, Innoven Capital, Kalaari Capital, Kotak Mahindra Bank, Piramal Group’s Anand Piramal, Pratithi Investment Trust, Ratan Tata (India); and Unilever Ventures (Unilever’s global venture capital arm)
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THE SPECS
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The specs
Engine: 77.4kW all-wheel-drive dual motor
Power: 320bhp
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What are the influencer academy modules?
- Mastery of audio-visual content creation.
- Cinematography, shots and movement.
- All aspects of post-production.
- Emerging technologies and VFX with AI and CGI.
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Tips to stay safe during hot weather
- Stay hydrated: Drink plenty of fluids, especially water. Avoid alcohol and caffeine, which can increase dehydration.
- Seek cool environments: Use air conditioning, fans, or visit community spaces with climate control.
- Limit outdoor activities: Avoid strenuous activity during peak heat. If outside, seek shade and wear a wide-brimmed hat.
- Dress appropriately: Wear lightweight, loose and light-coloured clothing to facilitate heat loss.
- Check on vulnerable people: Regularly check in on elderly neighbours, young children and those with health conditions.
- Home adaptations: Use blinds or curtains to block sunlight, avoid using ovens or stoves, and ventilate living spaces during cooler hours.
- Recognise heat illness: Learn the signs of heat exhaustion and heat stroke (dizziness, confusion, rapid pulse, nausea), and seek medical attention if symptoms occur.
TECH%20SPECS%3A%20APPLE%20WATCH%20SERIES%209
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Company%20Profile
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Heavily-sugared soft drinks slip through the tax net
Some popular drinks with high levels of sugar and caffeine have slipped through the fizz drink tax loophole, as they are not carbonated or classed as an energy drink.
Arizona Iced Tea with lemon is one of those beverages, with one 240 millilitre serving offering up 23 grams of sugar - about six teaspoons.
A 680ml can of Arizona Iced Tea costs just Dh6.
Most sports drinks sold in supermarkets were found to contain, on average, five teaspoons of sugar in a 500ml bottle.