Prime Minister Boris Johnson holds a news conference at 10 Downing Street. Reuters
Prime Minister Boris Johnson holds a news conference at 10 Downing Street. Reuters
Prime Minister Boris Johnson holds a news conference at 10 Downing Street. Reuters
Prime Minister Boris Johnson holds a news conference at 10 Downing Street. Reuters

EU moves to tighten vaccine export rules as Boris Johnson hails 'greed' behind UK success


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The European Union on Wednesday unveiled its plan to tighten vaccine export control rules to prevent what it sees as a one-way flow of doses leaving the bloc.

The plan, which will go before an EU leaders' summit on Thursday, would limit vaccine exports to countries such as Britain that produce some vaccines but do not send any to the bloc.

It stops short of a full export ban but any shipment of doses due to leave the EU will be assessed on the destination country's inoculation rate and vaccine exports.

The proposal came as millions of AstraZeneca doses were reportedly found in Italy.

Brussels directed an Italian government inspection of the Anagni factory, south-east of Rome, where AstraZeneca vaccines are bottled. The raid uncovered 29 million doses that authorities hadn't recorded.

The EU is embroiled in a months-long dispute with AstraZeneca over a shortage of deliveries to the continent.

Europe will now insist on reciprocity as vaccination rates in Britain rise but the continent's inoculations proceed slowly. The bloc said it wants two AstraZeneca plants in the UK to deliver doses to EU countries.

The UK government is understood to be willing to share supplies from the Netherlands-based Halix plant with the EU.

In a joint statement on Wednesday, the UK and the EU agreed to cooperate on vaccine supply as discussions continued.

"We are all facing the same pandemic and the third wave makes cooperation between the EU and UK even more important," the statement said.
"We have been discussing what more we can do to ensure a reciprocally beneficial relationship between the UK and EU on Covid-19.

"Given our interdependencies, we are working on specific steps we can create a win-win situation and expand vaccine supply for all our citizens.
"In the end, openness and global cooperation of all countries will be key to finally overcome this pandemic and ensure better preparation for meeting future challenges."

President of the European Commission Ursula von der Leyen said the bloc exported vaccines to dozens of countries but "open roads should run in both directions".

"This is why the European Commission will introduce the principles of reciprocity and proportionality into the EU's existing authorisation mechanism," she said.

"The EU has an excellent portfolio of different vaccines and we have secured more than enough doses for the entire population. But we have to ensure timely and sufficient vaccine deliveries to EU citizens. Every day counts."

Ms von der Leyen said the EU approved the export of some 41 million vaccine doses to 33 countries in the last six weeks and believes the bloc is at forefront of international vaccine-sharing efforts.

Under the less stringent export control system already in force, only one shipment in 381 has been barred.

UK Prime Minister Boris Johnson on Tuesday told a private meeting of MPs that capitalism and greed were the reasons for the success of Britain’s Covid-19 vaccination drive.

He also praised pharmaceutical companies for developing the vaccines in record time.

But his more controversial remarks could provide ammunition for the EU countries embroiled in a bitter row with drug maker AstraZeneca over a shortfall in supplies.

Mr Johnson's comments, reported by The Sun newspaper, were made during a Zoom meeting with Conservative Party MPs.

"The reason we have the vaccine success is because of capitalism, because of greed, my friends," Mr Johnson said.

He later said "I regret saying it" and repeatedly asked MPs to "forget I said that".

It is understood the prime minister did not compare the UK's vaccination campaign with those of EU countries during his address.

The Downing Street office declined to comment on the reports.

Home Secretary Priti Patel said she was not in the meeting.

"The prime minister always acknowledges the strong success that we've had in terms of the vaccine, not just the roll-out, which is incredible, but also our ability as a country to develop the vaccine, and the role that pharmaceutical companies and science and technology has played in that," she said.

Britain is gradually easing lockdown restrictions in a plan underpinned by the success of the national vaccination campaign, under which more than 28 million people received a first vaccine dose.

Minority ethnic groups have overcome much of their vaccine hesitancy, a UCL study found. AFP
Minority ethnic groups have overcome much of their vaccine hesitancy, a UCL study found. AFP

The UK stands to lose the most under the new European rules, as the biggest benefactor of EU exports so far.

Last week, Ms von der Leyen demanded “reciprocity” from Britain after she said the EU had sent 10 million vaccines across the Channel over the past six weeks, mostly from Belgium’s Pfizer plant, but the UK had exported none to the bloc.

German Chancellor Angela Merkel on Tuesday threw her weight behind Ms von der Leyen's targeted ban but ruled out an outright ban.

"We have a problem with AstraZeneca," she said.

European rifts on the issue were exposed on Sunday when Irish Prime Minister Micheal Martin said the EU’s threats would be a retrograde step and risked retaliation from Britain.

Philippe Lamberts, a Belgian Member of the European Parliament, said he hopes the EU does not block supplies to Britain.

"The quarrel is not between the European Commission and the British government, it is between the Europeans and one of their suppliers who have a track record of dishonesty," he told BBC Radio 4's Today programme on Wednesday.
He said AstraZeneca "overpromised and underdelivered" vaccines to the bloc.

He described the Anglo-Swedish drug maker as "a company that cannot be relied upon" and said other pharmaceutical companies had "engaged constructively" with the EU.

Ms Merkel's intervention came as she announced now-reversed plans for a tougher lockdown in Germany over the Easter holidays. All shops were to close between April 1 and April 5, with only grocers allowed to open on Saturday, April 3.

The plan was unexpectedly dropped on Wednesday after she admitted it was not practical.

“This mistake is my mistake alone. I deeply regret this and ask all citizens for forgiveness," Ms Merkel said.

Germany is fighting the same battle to contain a third wave of infections as neighbouring France.

Medical workers warned French hospitals face a "violent shock" if the surge in cases is not contained.

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

ANATOMY%20OF%20A%20FALL
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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

The more serious side of specialty coffee

While the taste of beans and freshness of roast is paramount to the specialty coffee scene, so is sustainability and workers’ rights.

The bulk of genuine specialty coffee companies aim to improve on these elements in every stage of production via direct relationships with farmers. For instance, Mokha 1450 on Al Wasl Road strives to work predominantly with women-owned and -operated coffee organisations, including female farmers in the Sabree mountains of Yemen.

Because, as the boutique’s owner, Garfield Kerr, points out: “women represent over 90 per cent of the coffee value chain, but are woefully underrepresented in less than 10 per cent of ownership and management throughout the global coffee industry.”

One of the UAE’s largest suppliers of green (meaning not-yet-roasted) beans, Raw Coffee, is a founding member of the Partnership of Gender Equity, which aims to empower female coffee farmers and harvesters.

Also, globally, many companies have found the perfect way to recycle old coffee grounds: they create the perfect fertile soil in which to grow mushrooms. 

TECH%20SPECS%3A%20APPLE%20WATCH%20SERIES%208
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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.

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%3Cp%3E%E2%80%A2%20Enterprise-grade%20security%20and%20privacy%3C%2Fp%3E%0A%3Cp%3E%E2%80%A2%20Unlimited%20higher-speed%20GPT-4%20access%20with%20no%20caps%3C%2Fp%3E%0A%3Cp%3E%E2%80%A2%20Longer%20context%20windows%20for%20processing%20longer%20inputs%3C%2Fp%3E%0A%3Cp%3E%E2%80%A2%20Advanced%20data%20analysis%20capabilities%3C%2Fp%3E%0A%3Cp%3E%E2%80%A2%20Customisation%20options%3C%2Fp%3E%0A%3Cp%3E%E2%80%A2%20Shareable%20chat%20templates%20that%20companies%20can%20use%20to%20collaborate%20and%20build%20common%20workflows%3C%2Fp%3E%0A%3Cp%3E%E2%80%A2%20Analytics%20dashboard%20for%20usage%20insights%3C%2Fp%3E%0A%3Cp%3E%E2%80%A2%20Free%20credits%20to%20use%20OpenAI%20APIs%20to%20extend%20OpenAI%20into%20a%20fully-custom%20solution%20for%20enterprises%3C%2Fp%3E%0A
Red flags
  • Promises of high, fixed or 'guaranteed' returns.
  • Unregulated structured products or complex investments often used to bypass traditional safeguards.
  • Lack of clear information, vague language, no access to audited financials.
  • Overseas companies targeting investors in other jurisdictions - this can make legal recovery difficult.
  • Hard-selling tactics - creating urgency, offering 'exclusive' deals.

Courtesy: Carol Glynn, founder of Conscious Finance Coaching

The burning issue

The internal combustion engine is facing a watershed moment – major manufacturer Volvo is to stop producing petroleum-powered vehicles by 2021 and countries in Europe, including the UK, have vowed to ban their sale before 2040. The National takes a look at the story of one of the most successful technologies of the last 100 years and how it has impacted life in the UAE. 

Read part four: an affection for classic cars lives on

Read part three: the age of the electric vehicle begins

Read part two: how climate change drove the race for an alternative 

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Moon Music

Artist: Coldplay

Label: Parlophone/Atlantic

Number of tracks: 10

Rating: 3/5