Wednesday, 28 November 2018

Antidepressant use rose after Brexit vote, data shows

Antidepressant use in England rose significantly compared to other prescription drugs in the wake of Britain´s decision in 2016 to exit the European Union, according to new research released on Wednesday.

Debate over the merits of Brexit has dominated Britain´s political discourse for more than two years, split families and communities and prompted panicked contingency plans from businesses in the event of a "no deal" with Brussels.

But relatively little attention has been paid to the impact Brexit — and the long-running uncertainty that´s dogged the process — has had on the population´s mental health.

Researchers at King´s College London looked at official monthly prescribing data for antidepressants for all 326 voting districts in England, comparing it with other classes of drugs in the run up to the June 23, 2016 referendum and the weeks that followed.

Given that the Brexit result came as a surprise that ushered in "considerable uncertainty" over its effect on Britain´s economy and society, the study authors wanted to see if that translated to greater antidepressant use.

After calculating a "defined daily dose" to ensure they could compare different types of drugs fairly, they found that after the vote the volume of antidepressants prescribed increased 13.4 percent relative to the other medicines studied.

"This shows that relative antidepressant prescribing increased in England after the Brexit referendum, compared with other drug classes that were used as a control group," Sotiris Vandoros, senior lecturer in health economics at King´s College London and adjunct professor at Harvard University, told AFP.

Although it was difficult to definitively tie the vote result to the rise in antidepressant use, Vandoros said the fact that the increase was relative to other forms of prescription drug was significant.

"A growing body of literature suggests that economic uncertainty can have negative effects on mental health," he said.

"Job insecurity and worries about one´s future finances are associated with poorer health outcomes. Any event that triggers uncertainty and worries can have a negative effect."

Antidepressants up generally 

Given that antidepressants aren´t prescribed to everyone, the study´s authors said the results couldn´t be taken to mean that the national mood as a whole worsened after the Brexit vote.

Indeed, ardent supporters of Britain´s voluntary rupture with its single largest trading partner may have noticed their mood improve in the wake of the referendum.

But Vandoros said that, all else being equal, the shock vote result and the tumult that followed was the "likely explanation" behind the relative rise in antidepressant use.

The paper, which was published in the Journal of Epidemiology & Community Health, argued that governments should do more to offer mental health advice and support during periods of political and economic uncertainty.

Allan Young, professor at King´s Institute of Psychiatry Psychology & Neuroscience, who wasn´t involved in the study, said its findings should be treated with "great caution".

"Antidepressant prescriptions have risen in England consistently over recent years and these data may simply reflect that rather than one single event," he said. "Nevertheless, the call to support mental health issues should be heeded."

With Prime Minister Theresa May facing a number of hurdles to get her final Brexit deal over the line by the time Britain leaves the bloc in March, Britons´ may at least soon get some clarity over the future of their country — for better or worse.

"When the UK leaves the EU, we will start to see reality unfolding with regards to the anticipated events," said Vandoros. "So uncertainty will be replaced with certain outcomes, whether positive or negative."

E. coli lettuce outbreak traced to California

An outbreak of E. coli linked to romaine lettuce appears to have been traced to crops in California, the US food authority said Monday.


American consumers were warned against eating the leafy salad by health officials last week.

The outbreak has caused 43 people to become sick in the US and another 22 in Canada, according to the Food and Drug Administration (FDA).

"Our investigation at this point suggests that romaine lettuce associated with the outbreak comes from areas of California that grow romaine lettuce over the summer months," the FDA said in a statement.

"The outbreak appears to be related to ´end of season´ romaine lettuce harvested from these areas," it said.

The harvest has now shifted to other areas and it was "critically important to have a ´clean break´ in the romaine supply available to consumers in the US in order to purge the market of potentially contaminated romaine lettuce," the FDA said.

It added that the break in supply appears to have been accomplished after officials requested on November 20 that the produce be withdrawn from the market and destroyed.

On the same day — two days before the Thanksgiving holiday when Americans gather and feast together — the Centers for Disease Control and Prevention advised consumers not to eat any romaine lettuce and to throw away any they might have in their homes.

Asian markets see modest gains as US takes a break

HONG KONG: Asian equities chalked up modest gains Thursday in light trading ahead of the US Thanksgiving holiday, following a rebound in energy and tech stocks on Wall Street.


But analysts cautioned the tepid uplift in New York Wednesday should not be interpreted as a sign of the start of a recovery from the recent carnage on global stock markets.

Investor sentiment remains fragile following the volatility that has swept markets since October, while the OECD has warned that the world economy has peaked and faces a slowdown as it confronts the Trump administration´s trade war and tighter monetary conditions.

The dollar slipped against the euro, the pound and the yen amid reports the Federal Reserve may pause future interest-rate hikes.

Crude prices resumed their downward trajectory Thursday, after a brief recovery on Wednesday.

The commodity has fallen by almost 30 per cent from four-year highs touched at the start of October. Oil analysts attribute the pullback to high supply as well as a weakening global growth outlook.

"This half-hearted recovery effort should not be confused with anything other than pre-holiday scramble doing little more than what amounted to chasing oil prices," said Stephen Innes, head of Asia-Pacific trade at OANDA.

"Markets have been remarkably muted, even by holiday standards."

He added the post-Thanksgiving Black Friday shopping spree would be "the ultimate litmus test of US consumer confidence heading into the holiday season".

Ahead of a Friday holiday in Japan, the Nikkei rose 0.65 per cent as investors took heart from the weakening yen.

However, fresh data suggested the world´s third-largest economy is continuing to struggle in its years-long battle with deflation.

Bitter row

Inflation in Japan stood at one per cent in October, unchanged from the previous month, according to government data.

Japan has battled deflation for many years and the central bank´s ultra-loose monetary policy appears to have had limited impact.

Late last month, the Bank of Japan again revised down inflation forecasts, in the latest sign it had failed to make headway towards its two-per cent target despite years of massive monetary easing.

Shares in Nissan rose 0.77 per cent ahead of its board meeting that will propose the sacking of disgraced chairman Carlos Ghosn, after his spectacular arrest for financial misconduct sent shockwaves through the car industry and the business world.

The scandal has sparked questions over whether the alliance of Nissan, Renault and Mitsubishi Motors can survive without Ghosn, seen as the glue holding together his fractious creation, which globally employs around 450,000 people.

Elsewhere, Hong Kong ended the day with modest gains and Shanghai closed slightly down, while Sydney was the standout regional performer, gaining 0.9 per cent. Shares in Singapore were up even as the trade-reliant city-state braces for slower economic growth next year as demand in key markets in Asia weakens.

In early trade in Europe Thursday, London dropped 0.2 per cent while both Paris and Frankfurt slid 0.3 per cent. Bourses had staged a sharp recovery Wednesday even as the EU, as expected, officially rejected Italy´s big-spending budget, clearing the path for unprecedented sanctions and deepening a bitter row with Rome´s populist government.

However, reports said Italy´s government may be open to budget revisions as the European Union took a first step toward imposing fines on the country.

Oil plunges nearly eight per cent despite talk of output cut

BOSTON: Oil prices slumped up to nearly 8 per cent to the lowest in more than a year on Friday, posting the seventh consecutive weekly loss, amid intensifying fears of a supply glut even as major producers consider cutting output.


Oil supply, led by US producers, is growing faster than demand and to prevent a build-up of unused fuel such as the one that emerged in 2015, the Organization of the Petroleum Exporting Countries is expected to start trimming output after a meeting on December 6.

But this has done little so far to prop up prices, which have dropped more than 20 per cent so far in November, in a seven-week streak of losses. Prices were on course for their biggest one-month decline since late 2014.

A trade war between the world’s two biggest economies and oil consumers, the United States and China, has weighed upon the market.

“The market is pricing in an economic slowdown - they are anticipating that the Chinese trade talks are not going to go well,” said Phil Flynn, an analyst at Price Futures Group in Chicago, referring to expected talks next week between US President Donald Trump and his Chinese counterpart Xi Jinping at the G20 summit in Buenos Aires.

“The market doesn’t believe that OPEC is going to be able to act swiftly enough to offset the coming slowdown in demand,” Flynn said.

Brent crude futures settled down $3.80 a barrel, or 6.1 per cent at $58.80. During the session, the benchmark dropped to $58.41, the lowest since October 2017.

US West Texas Intermediate crude lost $4.21, or 7.7 per cent, to trade at $50.42, also the weakest since October 2017. In post-settlement trade, the contract continued to fall.

For the week, Brent fell 11.3 per cent and WTI posted a 10.8 per cent decline, the largest one-week drop since January 2016.

Market fears over weak demand intensified after China reported its lowest gasoline exports in more than a year amid a glut of the fuel in Asia and globally.

Stockpiles of gasoline have surged across Asia, with inventories in Singapore, the regional refining hub, rising to a three-month high while Japanese stockpiles also climbed last week. Inventories in the United States are about seven per cent higher than a year ago.

Crude production has soared as well this year. The International Energy Agency expects non-OPEC output alone to rise by 2.3 million barrels per day (bpd) this year while demand next year was expected to grow 1.3 million bpd.

Adjusting to lower demand, top crude exporter Saudi Arabia said on Thursday that it may reduce supply as it pushes OPEC to agree to a joint output cut of 1.4 million bpd.

However, Trump has made it clear that he does not want oil prices to rise and many analysts think Saudi Arabia is coming under US pressure to resist calls from other OPEC members for lower crude output.

If OPEC decides to cut production at its meeting next month, oil prices could recover, analysts say.

“We expect that OPEC will manage the market in 2019 and assess the probability of an agreement to reduce production at around 2-in-3. In that scenario, Brent prices likely recover back into the $70s,” Morgan Stanley commodities strategists Martijn Rats and Amy Sergeant wrote in a note to clients.

If OPEC does not trim production, prices could head much lower, potentially depreciating toward $50 a barrel, argues Lukman Otunuga, Research Analyst at FXTM.

Volatility spikes to two-year high 
By the middle of November, commodity trading advisory funds tracked by Credit Suisse prime services had dropped 1.5 per cent on the month, owing to the losses in energy futures and the increased volatility.

Mark Connors, global head of portfolio and risk advisory at Credit Suisse, told Reuters this week that the action among macro and CTA funds reflects a risk-aversion trade, as net long positions have dropped from near five-year highs to roughly even exposure between longs and shorts.

Hedge funds and other money managers cut their net long positions in Brent by 32,263 contracts to 182,569 in the week ended November 20, according to data provided by the Intercontinental Exchange on Friday. That’s the lowest net long position since December 2015.

Volatility, a measure of investor demand for options, has spiked to its highest since late 2016, above 60 per cent, as investors have rushed to buy protection against further steep price declines.

The decline in oil prices pulled US energy shares lower. Oil majors Exxon Mobil Corp and Chevron Corp fell more than three per cent and were the leading decliners on the Dow Jones Industrial Average Oilfield service providers Schlumberger NV and Halliburton Co also fell nearly three per cent.

Sophie Turner and Joe Jonas reach India for Nick, Priyanka's wedding

Bollywood actor Priyanka Chopra and American singer Nick Jonas’ wedding is only days away and family and guests have started to arrive in India.


Nick reached New Delhi on Thursday where Priyanka Chopra was shooting for The Sky is Pink, after which the couple left for Mumbai where the wedding celebrations are under way.

Now, Nick’s brother Joe Jonas and his fiancee, Game of Thrones star Sophie Turner, have reached Mumbai.

I may not have a very high IQ but my EQ is quite decent . But when I saw a VFX made visual of a dragon dying and then turning evil my heart melt. I was heartbroken at the same time it would be evil to say that I celebrated the death of a person. What??? Yes we are talking about the death of #sansastark rude and obnoxious husband #ramsaybolton of #gameofhrones . I was so thrilled to see my favourite Sansa #sophieturner at the airport after I landed from Delhi. Accompanying her is #joejonas bro of #nickjonas . They are here for the big wedding in Jodhpur.. Let the #priyankakishaadi begin ️️️ @viralbhayani

Nick and Priyanka’s wedding celebrations begin on November 29 in Jodhpur.

Priyanka is expected to keep the wedding a private affair. According to a report in Bombay Times, Priyanka will be boarding a chopper from Udaipur to reach Umaid Bhawan Palace in Jodhpur on November 29 in order to avoid the media.

The couple is expected to host two lavish wedding receptions, one in Delhi and another in Mumbai.

Reports claim that the Hindu wedding ceremony is to be held at the Umaid Bhawan Palace in Jodhpur on December 2 and will also be followed by a Christian wedding. 

Nawaz demands NAB probe into Dubai property owned by Aleema Khan

ISLAMABAD: Former prime minister Nawaz Sharif Wednesday raised questions over a Dubai property owned by Prime Minister Imran Khan's sister, Aleema Khan, and demanded the National Accountability Bureau (NAB) to probe into her sources for purchasing the property.


In his informal conversation with journalists during his appearance before an accountability court, the former premier said the NAB does hold investigations against members of his party, adding that the anti-corruption watchdog should also find out how the prime minister's sister purchased the property.

This month, Aleema Khan deposited half the total cost of her previously undeclared Dubai property with tax authorities as penalty.

Aleema paid 25 per cent of the total estimated amount of her luxurious flat, "The Lofts East-1406", in taxes and 25 per cent fine charges, officials had said. The prime minister's sister was slapped with a double penalty (taxes and fine) because she did not disclose the said property worth around Rs74 million.

The said luxurious flat was located in the heart of Dubai, adjacent to Burj Khalifa, the most expensive area in the United Arab Emirates (UAE), added the officials.

"Wherefrom did Aleema Khan get property worth billions in Dubai," Nawaz questioned, adding that Aleema Khan does not even have any sources of income.


He said the prime minister's sister paid fine for hiding property, questioning, "Isn't it an NRO (National Reconciliation Ordinance)?"

Noting that Aleema is also a board member of Shaukat Khanum Memorial Cancer Hospital (SKMCH), the former premier asked what is the money trail of her property.

He said the nation wants to know who is behind Aleema Khan's property.

Nawaz said they saved Rs160 billion in power projects, behind which was tireless efforts of the then Punjab chief minister Shehbaz Sharif.

"But Shehbaz Sharif was thrown in jail instead of commending him," he lamented.

The former premier further said the Lahore-Multan Motorway project has been completed, but it is not being operationalised.

"Name the project PTI Motorway, but at least open it," he urged, saying the government is not ready to operationalise projects initiated by them.

Nawaz further regretted his incarceration despite having done much for the country.

"We made JF-17 fighter jet in collaboration with China. Is it reward for that we are made to face prisons?" he asked.

"Thinking about this hurts. Then you say I do not speak up," the former premier told reporters.

He said people accuse him of making a 'compromise' if he does not speak up, questioning, "Can an individual, returning from London after being sentenced, go for an NRO?

"You can neither write nor publish whatever I would say," Nawaz told the newsmen.

Ronaldo hits 100 Champions League wins as Juventus soar into last 16

TURIN: Juventus coach Massimiliano Allegri hailed the impact Cristiano Ronaldo was having on the Italian champions as the Portuguese star became the first player to achieve 100 Champions League wins in Tuesday´s 1-0 success over Valencia that clinched their passage to the knockout rounds.


"Ronaldo gives us a sense of security and confidence," said Allegri of the beaten finalists in two of the last four editions of the elite European competition.

"The team is essentially the same as last season. We´ve grown, become faster in playing the ball, but then of course, there is Cristiano Ronaldo.

"This team is constantly improving - they´re passing and putting play together more quickly."

Ronaldo -- who joined Juventus last summer from Real Madrid -- is targeting a sixth Champions League title to add to his four with the Spanish team and one with Manchester United.

The Italian team are looking for their third European title and first since 1995.

Last season they exited in the quarter-finals to Ronaldo´s Real Madrid.

The 33-year-old played a key role against Valencia providing the assist on 59 minutes which Croatian Mario Mandzukic tapped in for his third goal in as many matches.

Juventus had needed just a point to ensure qualification.

Their win combined with Manchester United´s late 1-0 win over Young Boys at Old Trafford means Valencia crash out of the competition.

Allegri´s side will now have to wait to see whether they top Group H when they play their final group game mid-December in Bern against Young Boys.

´Great spirit´
Ronaldo came out firing on all cylinders after his controversial red card during his first Champions League game for Juventus in Valencia back in September, which Allegri´s side still won 2-0.

The five-time Ballon d´Or winner had two chances within the first three minutes to add to his record tally of 121 Champions League goals.

Valencia had their best chance before the break when Mouctar Diakhaby´s header off a corner was punched out with one hand by Juventus goalkeeper Wojciech Szczesny.

Just before the hour mark, Ronaldo broke free of Valencia defender Gabriel and with some fancy footwork fired low across the face of the goal leaving Mandzukic to finish off.

Valencia thought they had scored the equaliser two minutes later but Diakhaby´s header was ruled to have come off his hand.

Valenica goalkeeper Neto kept out a late goal-bound header from Ronaldo, who rose to meet Paulo Dybala´s out-swinging corner.

"You can see how united we are including the forwards," said Juventus captain Giorgio Chiellini.

"All three of them - Ronaldo, Mandzukic and Dybala, really put themselves about today. If we scrap like that, with the skill we have in the side, it makes everything much easier.

"We have to turn the page now - we´ll start thinking about the Champions League again in February. We must focus on Serie A because we have a tough month ahead," added the defender as the league leaders target an eighth consecutive domestic title.

"The match was decided by great play by Cristiano," said Valencia coach Marcelino Garcia, "but out team gave everything, showing great spirit against one of the best teams in Europe."