Dozens of countries around the world move their clocks and watches forward by one hour in mid or late March. Getty Images
Dozens of countries around the world move their clocks and watches forward by one hour in mid or late March. Getty Images
Dozens of countries around the world move their clocks and watches forward by one hour in mid or late March. Getty Images
Dozens of countries around the world move their clocks and watches forward by one hour in mid or late March. Getty Images

Stop the clock: why countries are killing daylight savings time


Jamie Goodwin
  • English
  • Arabic

Spring forward, fall back no more?

Dozens of countries around the world move their clocks and watches forward by one hour in mid or late March, reversing a change made six months before, in late October or early November.

Not everyone loves daylight savings time — particularly when clocks go forward in March and 60 minutes of sleep are suddenly lost.

Some studies have even suggested it results in an increased number of heart attacks, traffic accidents, workplace injuries and crime.

About 60 per cent of countries do not change their clocks. More than 70 observe the practice, but many are now considering scrapping it.

So why have some countries stopped it? And why do so many do it in the first place?

Why have daylight savings time?

The idea of moving the clock forward one hour from standard time is to give people more daylight during summer evenings and more light during winter mornings when clocks go back.

It is said that many countries adopted the practice during the First World War as a way to conserve coal.

In 1916, Germany became the first country to begin the practice, with the US and much of Europe soon following.

When does it start and end?

In the UK and mainland Europe, daylight savings time for 2023 will begin at 1am on Sunday, March 26, and end at 2am on Sunday, October 29.

In the US and Canada, the change was made on Sunday March 12 and the clocks will go back again on Sunday November 5.

The Middle East countries that follow the practice have various start dates in February and March and switch back in September or October, although Lebanon made a surprise decision to postpone the start of daylight savings time this year to April 20.

Which countries have abolished the changes?

Dozens of countries abolished the practice after observing it for many years, including Egypt, Sudan, Syria, Iran, Iraq, Turkey, Armenia, Azerbaijan, Argentina, Brazil and Russia. However, Egypt decided this month to restore daylight savings time after nearly a decade.

Clocks in Saudi Arabia, the UAE, Bahrain, Kuwait, Oman, Qatar and Yemen are also not changed, along with India, China and Japan.

These countries will now be joined by Jordan after authorities scrapped the measure late last year.

Summertime, or daylight savings time, will now be “all year”, an official statement said, meaning Jordan will now remain at GMT+3.

Which countries could get rid of it?

In the US, the Sunshine Protection Act has been proposed to make daylight savings time permanent, removing the need to change clocks twice a year.

The bill was passed unanimously by the Senate on March 15 last year, but was never brought up for a vote in the House of Representatives. Senator Marco Rubio has reintroduced the bill in the Senate and House this year.

Several US states have attempted to end daylight savings, although few have actually done so.

A 2022 bill to exempt Virginia said the “overwhelming conclusion” of researchers is that it “directly results” in an increase in heart attacks, traffic accidents, workplace injuries, pedestrian deaths and crime, as well as sleep disruption and a loss of productivity.

It said research has also found a link to seasonal affective disorder, strokes and cardiac arrest.

Clock technician Dan LaMoore adjusts the hands on a large outdoor clock under construction in US city of Woonsocket, Rhode Island. AP
Clock technician Dan LaMoore adjusts the hands on a large outdoor clock under construction in US city of Woonsocket, Rhode Island. AP

A Time Amendment Act is also picking up steam in Canada to make daylight savings time permanent.

The European Union, too, wants to get rid of daylight savings time.

In March 2019, the European Parliament voted to dispense entirely with biannual clock changes.

The change was supposed to be enacted following agreement from the European Council — but the body asked the European Commission, the EU’s executive arm, to conduct an impact assessment first, Bloomberg reported. The issue remains in deadlock.

The UK has no plans to give up what it calls British Summer Time, despite a YouGov poll finding that those opposed outnumber those in favour by 40 to 33 per cent.

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Winner: Shivan OA, Patrick Cosgrave, Helal Al Alawi.

How Tesla’s price correction has hit fund managers

Investing in disruptive technology can be a bumpy ride, as investors in Tesla were reminded on Friday, when its stock dropped 7.5 per cent in early trading to $575.

It recovered slightly but still ended the week 15 per cent lower and is down a third from its all-time high of $883 on January 26. The electric car maker’s market cap fell from $834 billion to about $567bn in that time, a drop of an astonishing $267bn, and a blow for those who bought Tesla stock late.

The collapse also hit fund managers that have gone big on Tesla, notably the UK-based Scottish Mortgage Investment Trust and Cathie Wood’s ARK Innovation ETF.

Tesla is the top holding in both funds, making up a hefty 10 per cent of total assets under management. Both funds have fallen by a quarter in the past month.

Matt Weller, global head of market research at GAIN Capital, recently warned that Tesla founder Elon Musk had “flown a bit too close to the sun”, after getting carried away by investing $1.5bn of the company’s money in Bitcoin.

He also predicted Tesla’s sales could struggle as traditional auto manufacturers ramp up electric car production, destroying its first mover advantage.

AJ Bell’s Russ Mould warns that many investors buy tech stocks when earnings forecasts are rising, almost regardless of valuation. “When it works, it really works. But when it goes wrong, elevated valuations leave little or no downside protection.”

A Tesla correction was probably baked in after last year’s astonishing share price surge, and many investors will see this as an opportunity to load up at a reduced price.

Dramatic swings are to be expected when investing in disruptive technology, as Ms Wood at ARK makes clear.

Every week, she sends subscribers a commentary listing “stocks in our strategies that have appreciated or dropped more than 15 per cent in a day” during the week.

Her latest commentary, issued on Friday, showed seven stocks displaying extreme volatility, led by ExOne, a leader in binder jetting 3D printing technology. It jumped 24 per cent, boosted by news that fellow 3D printing specialist Stratasys had beaten fourth-quarter revenues and earnings expectations, seen as good news for the sector.

By contrast, computational drug and material discovery company Schrödinger fell 27 per cent after quarterly and full-year results showed its core software sales and drug development pipeline slowing.

Despite that setback, Ms Wood remains positive, arguing that its “medicinal chemistry platform offers a powerful and unique view into chemical space”.

In her weekly video view, she remains bullish, stating that: “We are on the right side of change, and disruptive innovation is going to deliver exponential growth trajectories for many of our companies, in fact, most of them.”

Ms Wood remains committed to Tesla as she expects global electric car sales to compound at an average annual rate of 82 per cent for the next five years.

She said these are so “enormous that some people find them unbelievable”, and argues that this scepticism, especially among institutional investors, “festers” and creates a great opportunity for ARK.

Only you can decide whether you are a believer or a festering sceptic. If it’s the former, then buckle up.

If you go

Flight connections to Ulaanbaatar are available through a variety of hubs, including Seoul and Beijing, with airlines including Mongolian Airlines and Korean Air. While some nationalities, such as Americans, don’t need a tourist visa for Mongolia, others, including UAE citizens, can obtain a visa on arrival, while others including UK citizens, need to obtain a visa in advance. Contact the Mongolian Embassy in the UAE for more information.

Nomadic Road offers expedition-style trips to Mongolia in January and August, and other destinations during most other months. Its nine-day August 2020 Mongolia trip will cost from $5,250 per person based on two sharing, including airport transfers, two nights’ hotel accommodation in Ulaanbaatar, vehicle rental, fuel, third party vehicle liability insurance, the services of a guide and support team, accommodation, food and entrance fees; nomadicroad.com

A fully guided three-day, two-night itinerary at Three Camel Lodge costs from $2,420 per person based on two sharing, including airport transfers, accommodation, meals and excursions including the Yol Valley and Flaming Cliffs. A return internal flight from Ulaanbaatar to Dalanzadgad costs $300 per person and the flight takes 90 minutes each way; threecamellodge.com

TECH%20SPECS%3A%20APPLE%20WATCH%20SERIES%208
%3Cp%3E%3Cstrong%3EDisplay%3A%3C%2Fstrong%3E%2041mm%2C%20352%20x%20430%3B%2045mm%2C%20396%20x%20484%3B%20Retina%20LTPO%20OLED%2C%20up%20to%201000%20nits%2C%20always-on%3B%20Ion-X%20glass%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EProcessor%3A%3C%2Fstrong%3E%20Apple%20S8%2C%20W3%20wireless%2C%20U1%20ultra-wideband%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ECapacity%3A%3C%2Fstrong%3E%2032GB%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EMemory%3A%3C%2Fstrong%3E%201GB%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EPlatform%3A%3C%2Fstrong%3E%20watchOS%209%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EHealth%20metrics%3A%3C%2Fstrong%3E%203rd-gen%20heart%20rate%20sensor%2C%20temperature%20sensing%2C%20ECG%2C%20blood%20oxygen%2C%20workouts%2C%20fall%2Fcrash%20detection%3B%20emergency%20SOS%2C%20international%20emergency%20calling%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EConnectivity%3A%3C%2Fstrong%3E%20GPS%2FGPS%20%2B%20cellular%3B%20Wi-Fi%2C%20LTE%2C%20Bluetooth%205.3%2C%20NFC%20(Apple%20Pay)%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EDurability%3A%3C%2Fstrong%3E%20IP6X%2C%20water%20resistant%20up%20to%2050m%2C%20dust%20resistant%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EBattery%3A%3C%2Fstrong%3E%20308mAh%20Li-ion%2C%20up%20to%2018h%2C%20wireless%20charging%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ECards%3A%3C%2Fstrong%3E%20eSIM%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EFinishes%3A%3C%2Fstrong%3E%20Aluminium%20%E2%80%93%20midnight%2C%20Product%20Red%2C%20silver%2C%20starlight%3B%20stainless%20steel%20%E2%80%93%20gold%2C%20graphite%2C%20silver%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EIn%20the%20box%3A%3C%2Fstrong%3E%20Watch%20Series%208%2C%20magnetic-to-USB-C%20charging%20cable%2C%20band%2Floop%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EPrice%3A%3C%2Fstrong%3E%20Starts%20at%20Dh1%2C599%20(41mm)%20%2F%20Dh1%2C999%20(45mm)%3C%2Fp%3E%0A
The years Ramadan fell in May

1987

1954

1921

1888

Avatar: Fire and Ash

Director: James Cameron

Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana

Rating: 4.5/5

Emergency phone numbers in the UAE

Estijaba – 8001717 –  number to call to request coronavirus testing

Ministry of Health and Prevention – 80011111

Dubai Health Authority – 800342 – The number to book a free video or voice consultation with a doctor or connect to a local health centre

Emirates airline – 600555555

Etihad Airways – 600555666

Ambulance – 998

Knowledge and Human Development Authority – 8005432 ext. 4 for Covid-19 queries

Updated: June 20, 2023, 8:04 AM