The EU's health commissioner Stella Kyriakides has publicly slammed pharmaceutical giant AstraZeneca, accusing it of breaching its vaccine delivery obligations. AP
The EU's health commissioner Stella Kyriakides has publicly slammed pharmaceutical giant AstraZeneca, accusing it of breaching its vaccine delivery obligations. AP
The EU's health commissioner Stella Kyriakides has publicly slammed pharmaceutical giant AstraZeneca, accusing it of breaching its vaccine delivery obligations. AP
The EU's health commissioner Stella Kyriakides has publicly slammed pharmaceutical giant AstraZeneca, accusing it of breaching its vaccine delivery obligations. AP

In its fight with AstraZeneca, the EU slips off its mask


  • English
  • Arabic

At a time when a truly global effort is required to tackle the coronavirus pandemic, the unseemly spat between the EU and the leading pharmaceutical companies responsible for making the vaccines designed to beat the virus threatens to undermine the global response.

At the heart of the dispute is a growing awareness within the higher echelons of the EU that it has badly mishandled its approach to acquiring a vaccine that would help to inoculate its 448 million citizens from the effects of Covid-19. This is the strategy that highly-respected bodies like the World Health Organisation contend is the best means of ultimately defeating the pandemic.

But when countries like the US and Britain were actively working with key international pharmaceutical manufacturers such as the Pfizer-BioNTech partnership and AstraZeneca, the EU, reportedly responding to pressure from powerful lobby groups, decided to go its own way and back a number of alternative providers. It ordered 300 million doses of the GSK-Sanofi vaccine, and that bet backfired – a major trial setback means what has been billed as a “French” vaccine (GSK is British) won’t be ready until at least the end of 2021.

  • Senior doctor Markus Keim and medical staff colleagues examine a patient on the Covid-19 intensive care unit of the Klinikum Rechts der Isar hospital in Munich, southern Germany. AFP
    Senior doctor Markus Keim and medical staff colleagues examine a patient on the Covid-19 intensive care unit of the Klinikum Rechts der Isar hospital in Munich, southern Germany. AFP
  • An employee packs FFP2 masks at a SWS Medicare factory in Altheim near Landshut, Germany. Reuters
    An employee packs FFP2 masks at a SWS Medicare factory in Altheim near Landshut, Germany. Reuters
  • A passenger walks through a terminal at the international airport in Frankfurt. The German government has increased the border controls for some flights. AP Photo
    A passenger walks through a terminal at the international airport in Frankfurt. The German government has increased the border controls for some flights. AP Photo
  • A police officer talks to a driver while people, many of them Czechs on their daily commute to their workplace in Germany, wait in line for a rapid Covid-19 test near the Czech-Germany border. Getty Images
    A police officer talks to a driver while people, many of them Czechs on their daily commute to their workplace in Germany, wait in line for a rapid Covid-19 test near the Czech-Germany border. Getty Images
  • People wait to receive the coronavirus vaccine at a temporary vaccination centre at the International Fair in Poznan, Poland. Reuters
    People wait to receive the coronavirus vaccine at a temporary vaccination centre at the International Fair in Poznan, Poland. Reuters
  • A Covid-19 testing facility at the Spoor Oost site in Antwerp, Belgium, where city authorities are asking some 6500 of its inhabitants who live in districts with infection rates higher than average to get tested. AFP
    A Covid-19 testing facility at the Spoor Oost site in Antwerp, Belgium, where city authorities are asking some 6500 of its inhabitants who live in districts with infection rates higher than average to get tested. AFP
  • A health worker takes a swab sample at a drive-through covid testing site at La Fe Hospital in Valencia, Spain. EPA
    A health worker takes a swab sample at a drive-through covid testing site at La Fe Hospital in Valencia, Spain. EPA
  • A worker sweeps the floor of a restaurant which is closing due to a curfew in Madrid, Spain. Reuters
    A worker sweeps the floor of a restaurant which is closing due to a curfew in Madrid, Spain. Reuters
  • A man on a scooter wearing a face mask in the Trastevere neighborhood in Rome, Italy. EPA
    A man on a scooter wearing a face mask in the Trastevere neighborhood in Rome, Italy. EPA
  • A 'Corazzieri', member of the presidential military corps, stands prior to the arrival of Italian Prime Minister Giuseppe Conte at The Presidential Quirinale Palace in Rome. AFP
    A 'Corazzieri', member of the presidential military corps, stands prior to the arrival of Italian Prime Minister Giuseppe Conte at The Presidential Quirinale Palace in Rome. AFP
  • A senior citizen receives a coronavirus vaccine at the Theatre de Verdure in Nice, France, which has been transformed into a vaccination centre. Reuters
    A senior citizen receives a coronavirus vaccine at the Theatre de Verdure in Nice, France, which has been transformed into a vaccination centre. Reuters
  • A woman, wearing a protective face mask, walks past Champs Elysees avenue near the Arc de Triomphe in Paris, France. Reuters
    A woman, wearing a protective face mask, walks past Champs Elysees avenue near the Arc de Triomphe in Paris, France. Reuters
  • People walk in the passage Pommeraye in Nantes, France. Reuters
    People walk in the passage Pommeraye in Nantes, France. Reuters
  • A view shows the deserted Pont de Bir-Hakeim Bridge and the Eiffel Tower during a nationwide curfew, from 6pm to 6am, in Paris, France. Reuters
    A view shows the deserted Pont de Bir-Hakeim Bridge and the Eiffel Tower during a nationwide curfew, from 6pm to 6am, in Paris, France. Reuters

Accordingly, because of the EU’s clumsy bureaucratic response to the crisis, the bloc now finds itself lagging behind in embarking upon on a mass vaccination project. It now finds itself in the invidious position of not having sufficient quantities of vaccine for its citizens.

The figures speak for themselves. In Britain, for example, the fact that Boris Johnson’s government was able to authorise use of the vaccines developed by Pfizer-BionTech and AstraZeneca means that the UK has, to date, administered 11 doses for every 100 people, including four fifths of those over the age of 80.

By comparison, no EU nation comes close to that. Malta has managed less than half that number, and Denmark around a third. Germany has given just 2.4 doses per 100, the EU average is 2.1 and it’s 1.8 in France. Other member states, such as the Netherlands and Sweden, are lagging further behind.

Now, in an attempt to divert attention away from its own bureaucratic incompetence, the EU has launched what have been dubbed "vaccine wars". On Monday, Bild and Handelsblatt, two leading German newspapers, cited anonymous German officials in reporting that the efficacy of the AstraZeneca vaccine, developed in conjunction with scientists at the University of Oxford, is much lower for the elderly than the company claims. AstraZeneca vehemently denies that to be the case, suspecting that the officials must have misinterpreted the data.

Although the German government has sought to distance itself from the claims, it is suspicious that they came as the EU is locked in a row with the company over the news that it will not be able to supply the bloc with the number of vaccines it originally anticipated. The EU is now threatening to withhold supplies of the Pfizer/BioNtech jab, which is made in Belgium, from Britain on the grounds that AstraZeneca is failing to meet its contractual obligations.

It is curious why officials from a powerful EU member state are so determined to discredit a vaccine that the EU itself seems equally determined to acquire. What is more clear is that, in its public-messaging campaign against AstraZeneca, the EU is now desperately trying to seek a scapegoat for its own missteps as it sought to forge a collective vaccine procurement approach among its member states. That approach, in which Brussels spent weeks haggling over price, resulted in uncertain contracts and production delays.

Moreover, the EU’s fury is clearly linked to an ongoing sense of grievance over Brexit and the UK’s decision to go it alone on vaccination strategy, rather than join the collective European effort. Certainly the EU’s allegation that AstraZeneca is deliberately prioritising the UK and US, which approved the vaccine and signed contracts long before the EU, amounts to little more than sour grapes.

AstraZeneca's office in Brussels, Belgium. AP
AstraZeneca's office in Brussels, Belgium. AP
The UK has, to date, administered 11 doses per 100 people; no EU nation comes close

For a start, AstraZeneca is not beholden commercially to either the British or American governments. It is as much a Swedish company as it is a British one, and it is run by a French national, Pascal Soriot. Moreover, it is selling its vaccine at no profit to itself, and has committed to establishing local sources of production around the world as fast as is logistically possible to ensure that the entire globe will benefit from the vaccine breakthrough, and not just a few select western nations.

This is reflected in the fact that 1 billion of the 3bn doses the company plans to supply globally this year are to be produced by the Serum Institute in Pune, near Mumbai, which will help to guarantee supplies to India and other developing markets. That is hardly the conduct of a company that, as some within the EU are claiming, is seeking to prioritise the UK and other favoured western markets over the EU and the developing world.

Moreover, rather than threatening AstraZeneca, the EU should have the decency to accept that the company’s collaboration with academics at Oxford University to produce an effective vaccine in such a short space of time is an outstanding achievement for which Europe as a whole can feel proud.

But while the EU is trying to deflect blame for its own woeful performance, there is increasing disquiet within Europe about its unimpressive response to the vaccine challenge. There have been riots in some member states, such as the Netherlands, where protesters see no realistic hope of an exit from lockdown. The concern now is that this Brussels-made vaccine fiasco will ultimately result in more deaths, a longer lockdown and a deeper recession. And the longer the pandemic continues, the more likely it is that government debt ratios across the bloc will spiral upwards, heightening the risk of a repeat of the 2011 European debt crisis.

Certainly, in terms of assisting the global effort to end the pandemic, the EU’s response can hardly be deemed to have been helpful. In its latest move, the EU is demanding the AstraZeneca prioritise delivery of the vaccine to Europe ahead of Britain, even though the EU has still not officially given the vaccine its approval (a final decision is expected next week) while the British government authorised its use last month, thereby paving the way for its highly successful vaccination programme.

The EU, by its response, therefore threatens to undermine about the only positive development that has so far emerged in Europe from this terrible global pandemic.

Con Coughlin is a defence and foreign affairs columnist for The National

The%20Specs
%3Cp%3E%3Cstrong%3EEngine%3A%20%3C%2Fstrong%3E3.6-litre%20twin%20turbocharged%20V6%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3E10-speed%20automatic%3Cbr%3E%3Cstrong%3EPower%3A%3C%2Fstrong%3E%20472hp%3Cbr%3E%3Cstrong%3ETorque%3A%3C%2Fstrong%3E%20603Nm%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3Efrom%20Dh290%2C000%20(%2478%2C9500)%3Cbr%3E%3Cstrong%3EOn%20sale%3A%3C%2Fstrong%3E%20now%3C%2Fp%3E%0A
COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3ECompany%20name%3A%3C%2Fstrong%3E%203S%20Money%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202018%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20London%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Ivan%20Zhiznevsky%2C%20Eugene%20Dugaev%20and%20Andrei%20Dikouchine%3Cbr%3E%3Cstrong%3ESector%3A%3C%2Fstrong%3E%20FinTech%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%3C%2Fstrong%3E%20%245.6%20million%20raised%20in%20total%3C%2Fp%3E%0A
Last-16 Europa League fixtures

Wednesday (Kick-offs UAE)

FC Copenhagen (0) v Istanbul Basaksehir (1) 8.55pm

Shakhtar Donetsk (2) v Wolfsburg (1) 8.55pm

Inter Milan v Getafe (one leg only) 11pm

Manchester United (5) v LASK (0) 11pm 

Thursday

Bayer Leverkusen (3) v Rangers (1) 8.55pm

Sevilla v Roma  (one leg only)  8.55pm

FC Basel (3) v Eintracht Frankfurt (0) 11pm 

Wolves (1) Olympiakos (1) 11pm 

The biog

Favourite car: Ferrari

Likes the colour: Black

Best movie: Avatar

Academic qualifications: Bachelor’s degree in media production from the Higher Colleges of Technology and diploma in production from the New York Film Academy

GCC-UK%20Growth
%3Cp%3EAn%20FTA%20with%20the%20GCC%20would%20be%20very%20significant%20for%20the%20UK.%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20My%20Department%20has%20forecast%20that%20it%20could%20generate%20an%20additional%20%C2%A31.6%20billion%20a%20year%20for%20our%20economy.%3Cbr%3EWith%20consumer%20demand%20across%20the%20GCC%20predicted%20to%20increase%20to%20%C2%A3800%20billion%20by%202035%20this%20deal%20could%20act%20as%20a%20launchpad%20from%20which%20our%20firms%20can%20boost%20their%20market%20share.%3C%2Fp%3E%0A
World record transfers

1. Kylian Mbappe - to Real Madrid in 2017/18 - €180 million (Dh770.4m - if a deal goes through)
2. Paul Pogba - to Manchester United in 2016/17 - €105m
3. Gareth Bale - to Real Madrid in 2013/14 - €101m
4. Cristiano Ronaldo - to Real Madrid in 2009/10 - €94m
5. Gonzalo Higuain - to Juventus in 2016/17 - €90m
6. Neymar - to Barcelona in 2013/14 - €88.2m
7. Romelu Lukaku - to Manchester United in 2017/18 - €84.7m
8. Luis Suarez - to Barcelona in 2014/15 - €81.72m
9. Angel di Maria - to Manchester United in 2014/15 - €75m
10. James Rodriguez - to Real Madrid in 2014/15 - €75m

Classification from Tour de France after Stage 17

1. Chris Froome (Britain / Team Sky) 73:27:26"

2. Rigoberto Uran (Colombia / Cannondale-Drapac) 27"

3. Romain Bardet (France / AG2R La Mondiale)

4. Fabio Aru (Italy / Astana Pro Team) 53"

5. Mikel Landa (Spain / Team Sky) 1:24"

New UK refugee system

 

  • A new “core protection” for refugees moving from permanent to a more basic, temporary protection
  • Shortened leave to remain - refugees will receive 30 months instead of five years
  • A longer path to settlement with no indefinite settled status until a refugee has spent 20 years in Britain
  • To encourage refugees to integrate the government will encourage them to out of the core protection route wherever possible.
  • Under core protection there will be no automatic right to family reunion
  • Refugees will have a reduced right to public funds
GAC GS8 Specs

Engine: 2.0-litre 4cyl turbo

Power: 248hp at 5,200rpm

Torque: 400Nm at 1,750-4,000rpm

Transmission: 8-speed auto

Fuel consumption: 9.1L/100km

On sale: Now

Price: From Dh149,900

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.”

The five pillars of Islam

1. Fasting 

2. Prayer 

3. Hajj 

4. Shahada 

5. Zakat 

Ballon d’Or shortlists

Men

Sadio Mane (Senegal/Liverpool), Sergio Aguero (Aregentina/Manchester City), Frenkie de Jong (Netherlans/Barcelona), Hugo Lloris (France/Tottenham), Dusan Tadic (Serbia/Ajax), Kylian Mbappe (France/PSG), Trent Alexander-Arnold (England/Liverpool), Donny van de Beek (Netherlands/Ajax), Pierre-Emerick Aubameyang (Gabon/Arsenal), Marc-Andre ter Stegen (Germany/Barcelona), Cristiano Ronaldo (Portugal/Juventus), Alisson (Brazil/Liverpool), Matthijs de Ligt (Netherlands/Juventus), Karim Benzema (France/Real Madrid), Georginio Wijnaldum (Netherlands/Liverpool), Virgil van Dijk (Netherlands/Liverpool), Bernardo Silva (Portugal/Manchester City), Son Heung-min (South Korea/Tottenham), Robert Lewandowski (Poland/Bayern Munich), Roberto Firmino (Brazil/Liverpool), Lionel Messi (Argentina/Barcelona), Riyad Mahrez (Algeria/Manchester City), Kevin De Bruyne (Belgium/Manchester City), Kalidou Koulibaly (Senegal/Napoli), Antoine Griezmann (France/Barcelona), Mohamed Salah (Egypt/Liverpool), Eden Hazard (BEL/Real Madrid), Marquinhos (Brazil/Paris-SG), Raheem Sterling (Eengland/Manchester City), Joao Félix(Portugal/Atletico Madrid)

Women

Sam Kerr (Austria/Chelsea), Ellen White (England/Manchester City), Nilla Fischer (Sweden/Linkopings), Amandine Henry (France/Lyon), Lucy Bronze(England/Lyon), Alex Morgan (USA/Orlando Pride), Vivianne Miedema (Netherlands/Arsenal), Dzsenifer Marozsan (Germany/Lyon), Pernille Harder (Denmark/Wolfsburg), Sarah Bouhaddi (France/Lyon), Megan Rapinoe (USA/Reign FC), Lieke Martens (Netherlands/Barcelona), Sari van Veenendal (Netherlands/Atletico Madrid), Wendie Renard (France/Lyon), Rose Lavelle(USA/Washington Spirit), Marta (Brazil/Orlando Pride), Ada Hegerberg (Norway/Lyon), Kosovare Asllani (Sweden/CD Tacon), Sofia Jakobsson (Sweden/CD Tacon), Tobin Heath (USA/Portland Thorns)

 

 

The%20Woman%20King%20
%3Cp%3E%3Cstrong%3EDirector%3A%3C%2Fstrong%3E%20Gina%20Prince-Bythewood%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStars%3A%3C%2Fstrong%3E%20Viola%20Davis%2C%20Thuso%20Mbedu%2C%20Sheila%20Atim%2C%20Lashana%20Lynch%2C%20John%20Boyega%C2%A0%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%203%2F5%3C%2Fp%3E%0A
Ziina users can donate to relief efforts in Beirut

Ziina users will be able to use the app to help relief efforts in Beirut, which has been left reeling after an August blast caused an estimated $15 billion in damage and left thousands homeless. Ziina has partnered with the United Nations High Commissioner for Refugees to raise money for the Lebanese capital, co-founder Faisal Toukan says. “As of October 1, the UNHCR has the first certified badge on Ziina and is automatically part of user's top friends' list during this campaign. Users can now donate any amount to the Beirut relief with two clicks. The money raised will go towards rebuilding houses for the families that were impacted by the explosion.”

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
COMPANY%20PROFILE%20
%3Cp%3E%3Cstrong%3EName%3A%3C%2Fstrong%3E%20Haltia.ai%0D%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202023%0D%3Cbr%3E%3Cstrong%3ECo-founders%3A%3C%2Fstrong%3E%20Arto%20Bendiken%20and%20Talal%20Thabet%0D%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Dubai%2C%20UAE%0D%3Cbr%3E%3Cstrong%3EIndustry%3A%3C%2Fstrong%3E%20AI%0D%3Cbr%3E%3Cstrong%3ENumber%20of%20employees%3A%3C%2Fstrong%3E%2041%0D%3Cbr%3E%3Cstrong%3EFunding%3A%3C%2Fstrong%3E%20About%20%241.7%20million%0D%3Cbr%3E%3Cstrong%3EInvestors%3A%3C%2Fstrong%3E%20Self%2C%20family%20and%20friends%26nbsp%3B%3C%2Fp%3E%0A
Mia Man’s tips for fermentation

- Start with a simple recipe such as yogurt or sauerkraut

- Keep your hands and kitchen tools clean. Sanitize knives, cutting boards, tongs and storage jars with boiling water before you start.

- Mold is bad: the colour pink is a sign of mold. If yogurt turns pink as it ferments, you need to discard it and start again. For kraut, if you remove the top leaves and see any sign of mold, you should discard the batch.

- Always use clean, closed, airtight lids and containers such as mason jars when fermenting yogurt and kraut. Keep the lid closed to prevent insects and contaminants from getting in.