EU approves AstraZeneca shot as it plans to restrict vaccine exports


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The EU on Friday risked a global battle for vaccine supplies after unveiling a drastic plan to restrict the export of Covid-19 shots.

The plan to ensure Europe gets its “fair share” of coronavirus vaccines came on the same day the bloc’s medicines regulator approved the AstraZeneca/Oxford University shot for use in people aged 18 and older.

It brings the bloc’s total vaccine arsenal to three after the Moderna and Pfizer/BioNTech shots were previously approved.

The regulator's approval for the AstraZeneca vaccine came despite Germany's vaccine commission warning there was not enough data to support its efficacy in people aged over 65.

Johnson & Johnson also announced on Friday that clinical trials showed its coronavirus vaccine was moderately effective in preventing the disease with just a single shot.

J&J said that in the US and seven other countries, the single-shot vaccine was 66 per cent effective overall at preventing moderate to severe illness, and much more protective - 85 per cent - against the most serious symptoms.

In South Africa, where a Covid variant is circulating widely, J&J’s vaccine was only 57 per cent effective, versus a 72 per cent efficacy in the US where the mutation is less prevalent.

Novavax, another vaccine, was found to be 60 per cent effective against the South African strain.

Professor Paul Heath, Novavax's clinical trial chief investigator, was confident the vaccines could be modified to overcome the mutations.

"The UK variant can successfully be prevented with this vaccine. Yes, the South African is more difficult," he told the BBC.

"But I think all of the technologies we have seen mean we can adapt at pace, so we can keep up and get ahead of the virus."

The AstraZeneca vaccine has been approved for use in the EU. Reuters
The AstraZeneca vaccine has been approved for use in the EU. Reuters

While the J&J and Novavax shots are not as strong as their rivals, they are still potentially helpful for a world in dire need of more doses.

With the EU far behind the UK and US in the race to vaccinate its people against the coronavirus, the new export controls unveiled by the European Commission will oblige drug companies such as Pfizer and AstraZeneca Plc to obtain prior authorisation before sending shots manufactured in the bloc to other countries.

“The protections and safety of our citizens is a priority and the challenges we now face left us with no choice but to act,” EU Trade Commissioner Valdis Dombrovskis said.

“This is a race against the clock — we cannot lose time because of vaccines not being delivered on schedule.”

The step represents a dramatic escalation in the global battle for vaccines, with thousands dying every day and the European economy struggling under lockdown measures that have lasted almost a year.

But the move risks drawing accusations of protectionism as the EU tries to compensate for perceived missteps in negotiations with drug makers and the slow roll-out of national vaccination programs.

The new rules, which will run until the end of March, will allow EU states to block exports if a set of pre-defined criteria have not been met, however officials were eager to point out that the move stopped short of blanket bans.

The main condition will be that companies have already delivered a sufficient number of dosages to EU members, as set out in existing purchase agreements.

The curbs will affect vaccine production and filling facilities operated by AstraZeneca, Moderna and Pfizer in Belgium, the Netherlands, Spain, France and elsewhere.

The dispute was triggered by AstraZeneca’s decision to prioritize Britain over the EU in what the bloc claimed was a breach of terms. The company warned last week that deliveries of its doses to the EU this quarter would be less than half what was initially planned.

While the move raises questions about its legality, World Trade Organisation rules regarding export restrictions have exemptions in the event of critical shortages of essential products, or the need to protect human life and health.

EU chief Ursula von der Leyen continued to demand that AstraZeneca fulfill its contractual obligations for the vaccine.

The European Commission published its contract with the company, hoping to show a breach.

COMPANY%20PROFILE%20
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A widely accepted definition was made by the All Party Parliamentary Group on British Muslims in 2019: “Islamophobia is rooted in racism and is a type of racism that targets expressions of Muslimness or perceived Muslimness.” It further defines it as “inciting hatred or violence against Muslims”.

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Price, base / as tested Dh99,000 / Dh132,000

Engine 3.6L V6

Transmission: Six-speed automatic

Power 275hp @ 6,000rpm

Torque 350Nm @ 3,700rpm

Fuel economy combined 12.2L / 100km

box

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Company name: Letstango.com

Started: June 2013

Founder: Alex Tchablakian

Based: Dubai

Industry: e-commerce

Initial investment: Dh10 million

Investors: Self-funded

Total customers: 300,000 unique customers every month

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Place of birth Bury, United Kingdom

Age 26

Height 1.74 metres

Nationality England

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Australia tour of Pakistan

March 4-8: First Test, Rawalpindi

March 12-16: Second Test, Karachi

March 21-25: Third Test, Lahore

March 29: First ODI, Rawalpindi

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April 5: T20I, Rawalpindi

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Starring: Akshay Kumar, Radhika Madan, Paresh Rawal 

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Dust storm

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Union Berlin 0

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Key findings of Jenkins report
  • Founder of the Muslim Brotherhood, Hassan al Banna, "accepted the political utility of violence"
  • Views of key Muslim Brotherhood ideologue, Sayyid Qutb, have “consistently been understood” as permitting “the use of extreme violence in the pursuit of the perfect Islamic society” and “never been institutionally disowned” by the movement.
  • Muslim Brotherhood at all levels has repeatedly defended Hamas attacks against Israel, including the use of suicide bombers and the killing of civilians.
  • Laying out the report in the House of Commons, David Cameron told MPs: "The main findings of the review support the conclusion that membership of, association with, or influence by the Muslim Brotherhood should be considered as a possible indicator of extremism."
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1) Download your ballot https://www.fvap.gov/

2) Take it to the US Embassy

3) Deadline is October 15

4) The embassy will ensure all ballots reach the US in time for the November 3 poll

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2012-2015

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May 2017

The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts

September 2021

Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act

October 2021

Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence 

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Petrofac enters into comprehensive restructuring to strengthen the financial position of the group

May 2025

The High Court of England and Wales approves the company’s restructuring plan

July 2025

The Court of Appeal issues a judgment challenging parts of the restructuring plan

August 2025

Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision

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November 2025

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Skewed figures

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Top 10 locations for inquiries from US house hunters, according to Rightmove

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Forwards: Abraham (Chelsea), Calvert-Lewin (Everton), Kane (Tottenham), Rashford (Manchester United), Sancho (Borussia Dortmund), Sterling (Manchester City)

Farage on Muslim Brotherhood

Nigel Farage told Reform's annual conference that the party will proscribe the Muslim Brotherhood if he becomes Prime Minister.
"We will stop dangerous organisations with links to terrorism operating in our country," he said. "Quite why we've been so gutless about this – both Labour and Conservative – I don't know.
“All across the Middle East, countries have banned and proscribed the Muslim Brotherhood as a dangerous organisation. We will do the very same.”
It is 10 years since a ground-breaking report into the Muslim Brotherhood by Sir John Jenkins.
Among the former diplomat's findings was an assessment that “the use of extreme violence in the pursuit of the perfect Islamic society” has “never been institutionally disowned” by the movement.
The prime minister at the time, David Cameron, who commissioned the report, said membership or association with the Muslim Brotherhood was a "possible indicator of extremism" but it would not be banned.

Top investing tips for UAE residents in 2021

Build an emergency fund: Make sure you have enough cash to cover six months of expenses as a buffer against unexpected problems before you begin investing, advises Steve Cronin, the founder of DeadSimpleSaving.com.

Think long-term: When you invest, you need to have a long-term mindset, so don’t worry about momentary ups and downs in the stock market.

Invest worldwide: Diversify your investments globally, ideally by way of a global stock index fund.

Is your money tied up: Avoid anything where you cannot get your money back in full within a month at any time without any penalty.

Skip past the promises: “If an investment product is offering more than 10 per cent return per year, it is either extremely risky or a scam,” Mr Cronin says.

Choose plans with low fees: Make sure that any funds you buy do not charge more than 1 per cent in fees, Mr Cronin says. “If you invest by yourself, you can easily stay below this figure.” Managed funds and commissionable investments often come with higher fees.

Be sceptical about recommendations: If someone suggests an investment to you, ask if they stand to gain, advises Mr Cronin. “If they are receiving commission, they are unlikely to recommend an investment that’s best for you.”

Get financially independent: Mr Cronin advises UAE residents to pursue financial independence. Start with a Google search and improve your knowledge via expat investing websites or Facebook groups such as SimplyFI. 

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Company name: Big Farm Brothers

Started: September 2020

Founders: Vishal Mahajan and Navneet Kaur

Based: Dubai Investment Park 1

Industry: food and agriculture

Initial investment: $205,000

Current staff: eight to 10

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Ms Davison came to Dubai from Kerala after her marriage in 1996 when she was 21-years-old

Since 2001, Ms Davison has worked at many affordable schools such as Our Own English High School in Sharjah, and The Apple International School and Amled School in Dubai

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Favourite quote: Failing to prepare is preparing to fail

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Favourite cuisine: Italian food

Favourite Movie : Scent of a Woman

 

 

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