Volunteers give free food to migrant workers from Myanmar who lost their jobs following the coronavirus disease outbreak in Bangkok, Thailand. Reuters
Volunteers give free food to migrant workers from Myanmar who lost their jobs following the coronavirus disease outbreak in Bangkok, Thailand. Reuters
Volunteers give free food to migrant workers from Myanmar who lost their jobs following the coronavirus disease outbreak in Bangkok, Thailand. Reuters
Volunteers give free food to migrant workers from Myanmar who lost their jobs following the coronavirus disease outbreak in Bangkok, Thailand. Reuters

Coronavirus: half of global workforce 'at risk of losing income'


Taylor Heyman
  • English
  • Arabic

Almost half the world’s workers could lose their income because of the coronavirus pandemic and government lockdowns, a UN report has found.

The world may see a loss of working hours equal to 305 million full-time jobs in the second quarter of the year, the International Labour Organisation said on Wednesday.

That would be the equivalent of 10.5 per cent of global employment.

But those particularly at risk are people working in informal jobs, who are self-employed and selling goods or services that have been curtailed by lockdown measures.

This includes members of the gig economy such as cleaners or food delivery couriers.

This category of worker accounts for more than 2 billion people globally, who often have poor access to health care and no income replacement in case of sickness or lockdown, the UN agency said.

“Many of them have no possibility to work remotely from home," its report said.

"Staying home means losing their jobs and without wages, they cannot eat."

  • A girl waves a white flag as a signal she needs food, along a highway in Guatemala City. AFP
    A girl waves a white flag as a signal she needs food, along a highway in Guatemala City. AFP
  • Health workers wearing protective suits hold signs beside a 16-day-old baby who recovered from COVID-19 in Metro Manila, Philippines. AP
    Health workers wearing protective suits hold signs beside a 16-day-old baby who recovered from COVID-19 in Metro Manila, Philippines. AP
  • A police officer pursues fleeing motorcycle taxi riders who refused to stop at mounted barricades to check movement of vehicles and for failing to comply with the sit-at-home order to prevent the spread of COVID-19 coronavirus on Lagos Ibadan expressway. AFP
    A police officer pursues fleeing motorcycle taxi riders who refused to stop at mounted barricades to check movement of vehicles and for failing to comply with the sit-at-home order to prevent the spread of COVID-19 coronavirus on Lagos Ibadan expressway. AFP
  • Indigenous people from the Altos de Chiapas queue -keeping social distancing- while waiting for an allowance from the local government in Chiapas, Mexico. AFP
    Indigenous people from the Altos de Chiapas queue -keeping social distancing- while waiting for an allowance from the local government in Chiapas, Mexico. AFP
  • Healthcare workers gather for lunch purchased by members of the New York City Police Department outside the Brooklyn Hospital Centre. Reuters
    Healthcare workers gather for lunch purchased by members of the New York City Police Department outside the Brooklyn Hospital Centre. Reuters
  • An elderly lady wears a face mask to prevent the spread of the novel coronavirus in Zaragoza, Mayabeque province, Cuba. AFP
    An elderly lady wears a face mask to prevent the spread of the novel coronavirus in Zaragoza, Mayabeque province, Cuba. AFP
  • A utility worker watches the Navy's Blue Angels and the Air Force's Thunderbirds conduct "a collaborative salute" with a flyover of New York and New Jersey. AP
    A utility worker watches the Navy's Blue Angels and the Air Force's Thunderbirds conduct "a collaborative salute" with a flyover of New York and New Jersey. AP
  • People wear face masks and stand on special marks as a practice of social distancing in Medellin, Colombia. AFP
    People wear face masks and stand on special marks as a practice of social distancing in Medellin, Colombia. AFP
  • Provincial health workers perform coronavirus disease nasal swab tests on Raymond Robins of the remote First Nation community of Gull Bay, Ontario, Canada. Reuters
    Provincial health workers perform coronavirus disease nasal swab tests on Raymond Robins of the remote First Nation community of Gull Bay, Ontario, Canada. Reuters

Overall, the ILO estimates that 1.6 billion, just less than half of those in work, could have their livelihoods destroyed in the fallout from the pandemic.

It estimates that in the first month of the crisis, incomes of informal workers dropped by 60 per cent.

Africa and the Americas were hardest hit with a drop of 81 per cent, followed by Europe and Central Asia at 70 per cent and Asia and the Pacific at 21 per cent.

“As the pandemic and the jobs crisis evolve, the need to protect the most vulnerable becomes even more urgent,” said the agency's director general, Guy Ryder.

“For millions of workers, no income means no food, no security and no future.”

The agency estimates that 68 per cent of the world’s workforce is under some form of lockdown, down from 80 per cent on April 1.

“Millions of businesses around the world are barely breathing," Mr Ryder said.

"They have no savings or access to credit. These are the real faces of the world of work.

"If we don’t help them now, these enterprises will simply perish.”

Nations have taken measures to protect workforces, but many furlough and wage replacement schemes do not include the self-employed or newly employed.

The UN agency is calling on governments to follow a “job-rich approach” when reactivating their economies after lockdowns are eased, backed by stronger employment policies and social protection.

It also advised international co-ordination on stimulus packages and debt relief measures, and the adoption of international labour standards.

Match statistics

Abu Dhabi Harlequins 36 Bahrain 32

 

Harlequins

Tries: Penalty 2, Stevenson, Teasdale, Semple

Cons: Stevenson 2

Pens: Stevenson

 

Bahrain

Tries: Wallace 2, Heath, Evans, Behan

Cons: Radley 2

Pen: Radley

 

Man of the match: Craig Nutt (Harlequins)

Sinopharm vaccine explained

The Sinopharm vaccine was created using techniques that have been around for decades. 

“This is an inactivated vaccine. Simply what it means is that the virus is taken, cultured and inactivated," said Dr Nawal Al Kaabi, chair of the UAE's National Covid-19 Clinical Management Committee.

"What is left is a skeleton of the virus so it looks like a virus, but it is not live."

This is then injected into the body.

"The body will recognise it and form antibodies but because it is inactive, we will need more than one dose. The body will not develop immunity with one dose," she said.

"You have to be exposed more than one time to what we call the antigen."

The vaccine should offer protection for at least months, but no one knows how long beyond that.

Dr Al Kaabi said early vaccine volunteers in China were given shots last spring and still have antibodies today.

“Since it is inactivated, it will not last forever," she said.

Springsteen: Deliver Me from Nowhere

Director: Scott Cooper

Starring: Jeremy Allen White, Odessa Young, Jeremy Strong

Rating: 4/5

Who's who in Yemen conflict

Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government

Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council

Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south

Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory

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

BMW M5 specs

Engine: 4.4-litre twin-turbo V-8 petrol enging with additional electric motor

Power: 727hp

Torque: 1,000Nm

Transmission: 8-speed auto

Fuel consumption: 10.6L/100km

On sale: Now

Price: From Dh650,000

Ferrari 12Cilindri specs

Engine: naturally aspirated 6.5-liter V12

Power: 819hp

Torque: 678Nm at 7,250rpm

Price: From Dh1,700,000

Available: Now

Company%20Profile
%3Cp%3E%3Cstrong%3ECompany%20name%3A%20%3C%2Fstrong%3ENamara%0D%3Cbr%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3EJune%202022%0D%3Cbr%3E%3Cstrong%3EFounder%3A%20%3C%2Fstrong%3EMohammed%20Alnamara%0D%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EDubai%20%0D%3Cbr%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3EMicrofinance%0D%3Cbr%3E%3Cstrong%3ECurrent%20number%20of%20staff%3A%20%3C%2Fstrong%3E16%0D%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%20%3C%2Fstrong%3ESeries%20A%0D%3Cbr%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3EFamily%20offices%0D%3Cbr%3E%3C%2Fp%3E%0A
The specs
Engine: 3.0-litre 6-cyl turbo

Power: 374hp at 5,500-6,500rpm

Torque: 500Nm from 1,900-5,000rpm

Transmission: 8-speed auto

Fuel consumption: 8.5L/100km

Price: from Dh285,000

On sale: from January 2022 

'The Woman in the House Across the Street from the Girl in the Window'

Director:Michael Lehmann

Stars:Kristen Bell

Rating: 1/5

What is Reform?

Reform is a right-wing, populist party led by Nigel Farage, a former MEP who won a seat in the House of Commons last year at his eighth attempt and a prominent figure in the campaign for the UK to leave the European Union.

It was founded in 2018 and originally called the Brexit Party.

Many of its members previously belonged to UKIP or the mainstream Conservatives.

After Brexit took place, the party focused on the reformation of British democracy.

Former Tory deputy chairman Lee Anderson became its first MP after defecting in March 2024.

The party gained support from Elon Musk, and had hoped the tech billionaire would make a £100m donation. However, Mr Musk changed his mind and called for Mr Farage to step down as leader in a row involving the US tycoon's support for far-right figurehead Tommy Robinson who is in prison for contempt of court.

Roll of honour

Who has won what so far in the West Asia Premiership season?

Western Clubs Champions League - Winners: Abu Dhabi Harlequins; Runners up: Bahrain

Dubai Rugby Sevens - Winners: Dubai Exiles; Runners up: Jebel Ali Dragons

West Asia Premiership - Winners: Jebel Ali Dragons; Runners up: Abu Dhabi Harlequins

UAE Premiership Cup - Winners: Abu Dhabi Harlequins; Runners up: Dubai Exiles

West Asia Cup - Winners: Bahrain; Runners up: Dubai Exiles

West Asia Trophy - Winners: Dubai Hurricanes; Runners up: DSC Eagles

Final West Asia Premiership standings - 1. Jebel Ali Dragons; 2. Abu Dhabi Harlequins; 3. Bahrain; 4. Dubai Exiles; 5. Dubai Hurricanes; 6. DSC Eagles; 7. Abu Dhabi Saracens

Fixture (UAE Premiership final) - Friday, April 13, Al Ain – Dubai Exiles v Abu Dhabi Harlequins

'The Ice Road'

Director: Jonathan Hensleigh
Stars: Liam Neeson, Amber Midthunder, Laurence Fishburne

2/5

Other workplace saving schemes
  • The UAE government announced a retirement savings plan for private and free zone sector employees in 2023.
  • Dubai’s savings retirement scheme for foreign employees working in the emirate’s government and public sector came into effect in 2022.
  • National Bonds unveiled a Golden Pension Scheme in 2022 to help private-sector foreign employees with their financial planning.
  • In April 2021, Hayah Insurance unveiled a workplace savings plan to help UAE employees save for their retirement.
  • Lunate, an Abu Dhabi-based investment manager, has launched a fund that will allow UAE private companies to offer employees investment returns on end-of-service benefits.

Name: Peter Dicce

Title: Assistant dean of students and director of athletics

Favourite sport: soccer

Favourite team: Bayern Munich

Favourite player: Franz Beckenbauer

Favourite activity in Abu Dhabi: scuba diving in the Northern Emirates 

 

Key figures in the life of the fort

Sheikh Dhiyab bin Isa (ruled 1761-1793) Built Qasr Al Hosn as a watchtower to guard over the only freshwater well on Abu Dhabi island.

Sheikh Shakhbut bin Dhiyab (ruled 1793-1816) Expanded the tower into a small fort and transferred his ruling place of residence from Liwa Oasis to the fort on the island.

Sheikh Tahnoon bin Shakhbut (ruled 1818-1833) Expanded Qasr Al Hosn further as Abu Dhabi grew from a small village of palm huts to a town of more than 5,000 inhabitants.

Sheikh Khalifa bin Shakhbut (ruled 1833-1845) Repaired and fortified the fort.

Sheikh Saeed bin Tahnoon (ruled 1845-1855) Turned Qasr Al Hosn into a strong two-storied structure.

Sheikh Zayed bin Khalifa (ruled 1855-1909) Expanded Qasr Al Hosn further to reflect the emirate's increasing prominence.

Sheikh Shakhbut bin Sultan (ruled 1928-1966) Renovated and enlarged Qasr Al Hosn, adding a decorative arch and two new villas.

Sheikh Zayed bin Sultan (ruled 1966-2004) Moved the royal residence to Al Manhal palace and kept his diwan at Qasr Al Hosn.

Sources: Jayanti Maitra, www.adach.ae