People must behave responsibly so as to protect one another from infection. AP Photo
People must behave responsibly so as to protect one another from infection. AP Photo

Jump in US Covid-19 cases is due to reckless behaviour



I write to you in reference to your live blog entry US sees biggest one-day increase in Covid-19 cases (June 27).

This news item elaborately covers the highest 24-hour increase of Covid-19 cases in America. The US has announced a record 45,242 new cases on Friday June 26, signalling an alarming infection rate in the nation. These figures would not have jumped this high had people followed basic hygiene measures and simple medical recommendations such as wearing masks in public and practising social distancing. Some Americans' desire for total independence and freedom of movement, even in the midst of a pandemic, has hindered the US's response to the coronavirus.

K Ragavan, Bengaluru

Should countries begin to reopen their economies so fast?

I write to you in reference to Nicky Harley's article UK drops quarantine for arrivals from low Covid-19 risk countries (June 27). Everyone seems in such a hurry to reopen these days, yet the number of cases worldwide is climbing.

Kavita Bhatia, Dubai

Although the number of coronavirus cases is rising, the dire state of the global economy warrants the easing of restrictions. Reopening the economy is crucial to help businesses survive. Many companies have already gone bankrupt and people have lost their jobs as a result from the economic downturn of the coronavirus. Even some governments are now having money troubles. The coronavirus has affected us all in different ways. It is understandable that some countries wish to reopen their economies to keep their finances afloat. In these cases, people need to act responsibly and protect one another from infection. Unfortunately this sense of responsibility does not always prevail, and some people have behaved recklessly.

Dean Al, Vancouver

The Nile Dam remains divisive, but the intention behind it are laudable

I write to you in reference to your article 'Millions at risk' if Ethiopia fills dam unilaterally, Sudan warns (June 25). The Ethiopian government and the people of Ethiopia have no intention of harming Egypt nor any downstream country. The country just wants to use its fair share of the Nile River to lift its own people out of poverty.

Selamawit Aberra Vigneau, Addis Ababa

How to keep control of your emotions

If your investment decisions are being dictated by emotions such as fear, greed, hope, frustration and boredom, it is time for a rethink, Chris Beauchamp, chief market analyst at online trading platform IG, says.

Greed

Greedy investors trade beyond their means, open more positions than usual or hold on to positions too long to chase an even greater gain. “All too often, they incur a heavy loss and may even wipe out the profit already made.

Tip: Ignore the short-term hype, noise and froth and invest for the long-term plan, based on sound fundamentals.

Fear

The risk of making a loss can cloud decision-making. “This can cause you to close out a position too early, or miss out on a profit by being too afraid to open a trade,” he says.

Tip: Start with a plan, and stick to it. For added security, consider placing stops to reduce any losses and limits to lock in profits.

Hope

While all traders need hope to start trading, excessive optimism can backfire. Too many traders hold on to a losing trade because they believe that it will reverse its trend and become profitable.

Tip: Set realistic goals. Be happy with what you have earned, rather than frustrated by what you could have earned.

Frustration

Traders can get annoyed when the markets have behaved in unexpected ways and generates losses or fails to deliver anticipated gains.

Tip: Accept in advance that asset price movements are completely unpredictable and you will suffer losses at some point. These can be managed, say, by attaching stops and limits to your trades.

Boredom

Too many investors buy and sell because they want something to do. They are trading as entertainment, rather than in the hope of making money. As well as making bad decisions, the extra dealing charges eat into returns.

Tip: Open an online demo account and get your thrills without risking real money.

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SPECS

Engine: 4-litre V8 twin-turbo
Power: 630hp
Torque: 850Nm
Transmission: 8-speed Tiptronic automatic
Price: From Dh599,000
On sale: Now

MATCH INFO

Manchester City 4 (Gundogan 8' (P), Bernardo Silva 19', Jesus 72', 75')

Fulham 0

Red cards: Tim Ream (Fulham)

Man of the Match: Gabriel Jesus (Manchester City)

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Hydrogen: Market potential

Hydrogen has an estimated $11 trillion market potential, according to Bank of America Securities and is expected to generate $2.5tn in direct revenues and $11tn of indirect infrastructure by 2050 as its production increases six-fold.

"We believe we are reaching the point of harnessing the element that comprises 90 per cent of the universe, effectively and economically,” the bank said in a recent report.

Falling costs of renewable energy and electrolysers used in green hydrogen production is one of the main catalysts for the increasingly bullish sentiment over the element.

The cost of electrolysers used in green hydrogen production has halved over the last five years and will fall to 60 to 90 per cent by the end of the decade, acceding to Haim Israel, equity strategist at Merrill Lynch. A global focus on decarbonisation and sustainability is also a big driver in its development.

In numbers

1,000 tonnes of waste collected daily:

  • 800 tonnes converted into alternative fuel
  • 150 tonnes to landfill
  • 50 tonnes sold as scrap metal

800 tonnes of RDF replaces 500 tonnes of coal

Two conveyor lines treat more than 350,000 tonnes of waste per year

25 staff on site

 

Results

International 4, United States 1

Justin Thomas and Tiger Woods (US) beat Marc Leishman and Joaquin Niemann (International) 4 and 3.

Adam Hadwin and Sungjae Im (International) beat Xander Schauffele and Patrick Cantlay (US) 2 up.

Adam Scott and Byeong Hun An (International) beat Bryson DeChambeau and Tony Finau (US) 2 and 1.

Hideki Matsuyama and C.T. Pan (International) beat Webb Simpson and Patrick Reed (US) 1 up.

Abraham Ancer and Louis Oosthuizen (International) beat Dustin Johnson and Gary Woodland (US) 4 and 3.