This week, the Princeton academic Rory Truex published an essay titled “Let’s all take a deep breath about China”. He observed that “America’s collective national body is suffering from a chronic case of China anxiety. Nearly anything with the word ‘Chinese’ in front of it now triggers a fear response in our political system”.
Among other examples that Mr Truex gave were US Senator Rick Scott writing to US Commerce Secretary Gina Raimondo last December, requesting an investigation into imports of Chinese garlic. Whether they were “whole or separated into constituent cloves, whether or not peeled, chilled, fresh, frozen, provisionally preserved or packed in water or other neutral substance”, Mr Scott claimed he was worried that fertiliser used to grow the vegetable constituted “a threat to US national security”. (Scientists at McGill University in Canada concluded that it did not, in a 2017 note posted online under the heading “Separating Sense from Nonsense”.)
This anxiety – not just over garlic – appears to have permeated much of Europe as well. UK Prime Minister Rishi Sunak rather extravagantly declared just over a month ago that China was “the greatest state-based threat to our economic security”.
So it was a pleasant relief to hear French President Emmanuel Macron talking in far more level terms ahead of Chinese President Xi Jinping’s two-day state visit to France, which began last Sunday. “Let’s be clear, I’m not proposing to distance ourselves from China,” Mr Macron said in an interview with a French newspaper. “Whether it’s about climate or about safety, we need the Chinese.”
Warm words were matched by what appeared to be warm interactions between the two heads of state, with Mr Macron taking Mr Xi for a splendid lunch with both their wives at a bistro in the Pyrenees. It was a nicely personal gesture; the area has fond memories for the French leader as it was the home of his maternal grandmother.
Mr Macron called instead for a “reset”, “because China is now in excess capacity in many areas and exports massively to Europe”. The precise word he used was “aggiornamento”, which means “bringing up to date”. There’s nothing negative about that. When circumstances evolve, it may be sensible for a relationship to do the same.
I have no doubt Macron believes in France’s 'eternal values'. But he also seems aware of the 'world as it is'
Whether Mr Macron is on board with just how much the international order has changed, in the view of many countries, may be open to question. I was struck recently by the themes of two important upcoming conferences, one in Malaysia, one in Qatar. The Asia-Pacific Roundtable, hosted by the Institute of Strategic and International Studies Malaysia in June, is titled “Crisis in an Interregnum”. Next week’s Qatar Economic Forum conference is titled “A World Remade: Navigating the Year of Uncertainty”.
Note the lack of question marks. They state as fact, and not up for discussion, that firstly the world has been remade, and secondly that we are in an interregnum between the unipolar US-led period and a new order that has yet to emerge.
Mr Macron may not agree completely. Most French leaders cherish a rather over-elevated idea of their country’s grandeur, destiny and influence. But if he could use his power in the EU and Europe more generally, in both of which France is a leading player, to steer the continent towards engagement, not confrontation, with China, he would not only have done us all a great service. Mr Macron would also be acting in the tradition of his presidential predecessor Charles de Gaulle, who said after the establishment of diplomatic relations between Paris and Beijing 60 years ago: “France simply recognises the world as it is.”
German Chancellor Olaf Scholz appears, on the whole, to understand this. As a Wilson Centre commentary put it, the Chancellor’s recent visit to China “underlined Scholz’s tendency to prioritise German-Chinese economic co-operation rather than focusing on issues of disagreement”.
Some others on the continent, however, do not.
Italy’s withdrawal last December from China’s Belt and Road Initiative – an association that comes with no formal obligations – was an unnecessary and undiplomatic rebuff. European Commission President Ursula von der Leyen is ever ready to wag her finger disapprovingly, criticising China for both its internal and external policies, and threatening Mr Xi with “the full use of our trade defence instruments” just after a trilateral with him and Mr Macron on Monday.
Ms von der Leyen has said in the past that the EU’s “values” will define how the group relates to China. And this is where she, and some other European leaders, would be advised to reconsider their words in public. They can have conversations on such subjects, as well as on trade, on security issues and others – as indeed, Mr Macron and Mr Xi may have done over lunch in the Pyrenees. But that requires getting round the table in a friendly manner first. Aggressive lectures given to the world’s media do not help.
As Raja Nushirwan Zainal Abidin, director general of Malaysia’s National Security Council, put it in a speech in March: “The myth that there is only one, western model, to achieve socio-economic progress has been broken. China’s rise has proven this.” This phenomenon, he thought, was not well understood in the West – but needed to be. “Given the sea change in attitudes in the Global South, those who harp on about western values should stop – if the hole is getting deeper, then stop digging.”
I have no doubt that Mr Macron fully believes in France’s “eternal values”. But he also seems aware, like Gen de Gaulle, of the “world as it is” – perhaps he even realises that it has been “remade” – and that there is no reason why Europe should fall for the American “China anxiety” that led Senator Scott to get so excitable about a humble bulb of garlic.
Some polite, warm words, the sharing of a hearty meal in good fellowship, diplomacy instead of decoupling – all of these can go a long way, as Mr Macron appears to recognise. Europe has nothing to gain from being confrontational with China, and everything to gain from engagement.
If both sides still differ strongly, Mr Macron’s approach makes it far easier, as South-East Asian diplomats are fond of saying, “to agree to disagree without being disagreeable”.
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Benefits of first-time home buyers' scheme
- Priority access to new homes from participating developers
- Discounts on sales price of off-plan units
- Flexible payment plans from developers
- Mortgages with better interest rates, faster approval times and reduced fees
- DLD registration fee can be paid through banks or credit cards at zero interest rates
Ten tax points to be aware of in 2026
1. Domestic VAT refund amendments: request your refund within five years
If a business does not apply for the refund on time, they lose their credit.
2. E-invoicing in the UAE
Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption.
3. More tax audits
Tax authorities are increasingly using data already available across multiple filings to identify audit risks.
4. More beneficial VAT and excise tax penalty regime
Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.
5. Greater emphasis on statutory audit
There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.
6. Further transfer pricing enforcement
Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes.
7. Limited time periods for audits
Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion.
8. Pillar 2 implementation
Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.
9. Reduced compliance obligations for imported goods and services
Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations.
10. Substance and CbC reporting focus
Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity.
Contributed by Thomas Vanhee and Hend Rashwan, Aurifer
THE DETAILS
Director: Milan Jhaveri
Producer: Emmay Entertainment and T-Series
Cast: John Abraham, Manoj Bajpayee
Rating: 2/5
German intelligence warnings
- 2002: "Hezbollah supporters feared becoming a target of security services because of the effects of [9/11] ... discussions on Hezbollah policy moved from mosques into smaller circles in private homes." Supporters in Germany: 800
- 2013: "Financial and logistical support from Germany for Hezbollah in Lebanon supports the armed struggle against Israel ... Hezbollah supporters in Germany hold back from actions that would gain publicity." Supporters in Germany: 950
- 2023: "It must be reckoned with that Hezbollah will continue to plan terrorist actions outside the Middle East against Israel or Israeli interests." Supporters in Germany: 1,250
Source: Federal Office for the Protection of the Constitution
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Our legal consultant
Name: Dr Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
Company profile
Name: Back to Games and Boardgame Space
Started: Back to Games (2015); Boardgame Space (Mark Azzam became co-founder in 2017)
Founder: Back to Games (Mr Azzam); Boardgame Space (Mr Azzam and Feras Al Bastaki)
Based: Dubai and Abu Dhabi
Industry: Back to Games (retail); Boardgame Space (wholesale and distribution)
Funding: Back to Games: self-funded by Mr Azzam with Dh1.3 million; Mr Azzam invested Dh250,000 in Boardgame Space
Growth: Back to Games: from 300 products in 2015 to 7,000 in 2019; Boardgame Space: from 34 games in 2017 to 3,500 in 2019
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%3Cp%3E%3Cstrong%3EDirector%3A%20%3C%2Fstrong%3EAdam%20Wingard%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarring%3A%20%3C%2Fstrong%3EBrian%20Tyree%20Henry%2C%20Rebecca%20Hall%2C%20Dan%20Stevens%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%204%2F5%3C%2Fp%3E%0A
Golden Shoe top five (as of March 1):
Harry Kane, Tottenham, Premier League, 24 goals, 48 points
Edinson Cavani, PSG, Ligue 1, 24 goals, 48 points
Ciro Immobile, Lazio, Serie A, 23 goals, 46 points
Mohamed Salah, Liverpool, Premier League, 23 goals, 46 points
Lionel Messi, Barcelona, La Liga, 22 goals, 44 points
The Facility’s Versatility
Between the start of the 2020 IPL on September 20, and the end of the Pakistan Super League this coming Thursday, the Zayed Cricket Stadium has had an unprecedented amount of traffic.
Never before has a ground in this country – or perhaps anywhere in the world – had such a volume of major-match cricket.
And yet scoring has remained high, and Abu Dhabi has seen some classic encounters in every format of the game.
October 18, IPL, Kolkata Knight Riders tied with Sunrisers Hyderabad
The two playoff-chasing sides put on 163 apiece, before Kolkata went on to win the Super Over
January 8, ODI, UAE beat Ireland by six wickets
A century by CP Rizwan underpinned one of UAE’s greatest ever wins, as they chased 270 to win with an over to spare
February 6, T10, Northern Warriors beat Delhi Bulls by eight wickets
The final of the T10 was chiefly memorable for a ferocious over of fast bowling from Fidel Edwards to Nicholas Pooran
March 14, Test, Afghanistan beat Zimbabwe by six wickets
Eleven wickets for Rashid Khan, 1,305 runs scored in five days, and a last session finish
June 17, PSL, Islamabad United beat Peshawar Zalmi by 15 runs
Usman Khawaja scored a hundred as Islamabad posted the highest score ever by a Pakistan team in T20 cricket
THE SPECS
Engine: 6.75-litre twin-turbocharged V12 petrol engine
Power: 420kW
Torque: 780Nm
Transmission: 8-speed automatic
Price: From Dh1,350,000
On sale: Available for preorder now
Countries recognising Palestine
France, UK, Canada, Australia, Portugal, Belgium, Malta, Luxembourg, San Marino and Andorra
Most sought after workplace benefits in the UAE
- Flexible work arrangements
- Pension support
- Mental well-being assistance
- Insurance coverage for optical, dental, alternative medicine, cancer screening
- Financial well-being incentives
Evacuations to France hit by controversy
- Over 500 Gazans have been evacuated to France since November 2023
- Evacuations were paused after a student already in France posted anti-Semitic content and was subsequently expelled to Qatar
- The Foreign Ministry launched a review to determine how authorities failed to detect the posts before her entry
- Artists and researchers fall under a programme called Pause that began in 2017
- It has benefited more than 700 people from 44 countries, including Syria, Turkey, Iran, and Sudan
- Since the start of the Gaza war, it has also included 45 Gazan beneficiaries
- Unlike students, they are allowed to bring their families to France
UAE currency: the story behind the money in your pockets
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Other acts on the Jazz Garden bill
Sharrie Williams
The American singer is hugely respected in blues circles due to her passionate vocals and songwriting. Born and raised in Michigan, Williams began recording and touring as a teenage gospel singer. Her career took off with the blues band The Wiseguys. Such was the acclaim of their live shows that they toured throughout Europe and in Africa. As a solo artist, Williams has also collaborated with the likes of the late Dizzy Gillespie, Van Morrison and Mavis Staples.
Lin Rountree
An accomplished smooth jazz artist who blends his chilled approach with R‘n’B. Trained at the Duke Ellington School of the Arts in Washington, DC, Rountree formed his own band in 2004. He has also recorded with the likes of Kem, Dwele and Conya Doss. He comes to Dubai on the back of his new single Pass The Groove, from his forthcoming 2018 album Stronger Still, which may follow his five previous solo albums in cracking the top 10 of the US jazz charts.
Anita Williams
Dubai-based singer Anita Williams will open the night with a set of covers and swing, jazz and blues standards that made her an in-demand singer across the emirate. The Irish singer has been performing in Dubai since 2008 at venues such as MusicHall and Voda Bar. Her Jazz Garden appearance is career highlight as she will use the event to perform the original song Big Blue Eyes, the single from her debut solo album, due for release soon.
Ferrari 12Cilindri specs
Engine: naturally aspirated 6.5-liter V12
Power: 819hp
Torque: 678Nm at 7,250rpm
Price: From Dh1,700,000
Available: Now
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.
- Understanding of marketing objectives and audience engagement.
- Tourism industry knowledge.
- Professional ethics.