• Commuters walk upon their arrival at the Cardona railway station in Milan, Italy. Restaurants, cinemas and concert halls will partially reopen across Italy on Monday. AFP
    Commuters walk upon their arrival at the Cardona railway station in Milan, Italy. Restaurants, cinemas and concert halls will partially reopen across Italy on Monday. AFP
  • People sit at a cafe's terrace in central Milan, Italy. AFP
    People sit at a cafe's terrace in central Milan, Italy. AFP
  • People take selfies outside the Colosseum on the day of its reopening, as much of the country becomes a 'yellow zone', in Rome, Italy. Reuters
    People take selfies outside the Colosseum on the day of its reopening, as much of the country becomes a 'yellow zone', in Rome, Italy. Reuters
  • Students enter Visconti High School on the first day of reopening, in Rome, Italy. EPA
    Students enter Visconti High School on the first day of reopening, in Rome, Italy. EPA
  • French President Emmanuel Macron talks with pupils during a visit to a school in Melun, France. Nursery and primary schools reopened on Monday across France after a three-week closure. AP Photo
    French President Emmanuel Macron talks with pupils during a visit to a school in Melun, France. Nursery and primary schools reopened on Monday across France after a three-week closure. AP Photo
  • A medical staff member works in the Intensive Care Unit where patients suffering from Covid-19 are treated at the hospital in Valenciennes, France. Reuters
    A medical staff member works in the Intensive Care Unit where patients suffering from Covid-19 are treated at the hospital in Valenciennes, France. Reuters
  • Students attend a secondary school exam, at the auditorium of Paul Natorp Gymnasium, under restrictions imposed due to Covid-19, in Berlin, Germany. Reuters
    Students attend a secondary school exam, at the auditorium of Paul Natorp Gymnasium, under restrictions imposed due to Covid-19, in Berlin, Germany. Reuters
  • Police officers patrol at the pedestrian area in Duesseldorf, western Germany. AFP
    Police officers patrol at the pedestrian area in Duesseldorf, western Germany. AFP
  • Doctor Simon Little of Johanniter air rescue attends to a patient with serious breathing problems prior to a flight from Gruenberg to a hospital in Bad Hersfeld, in Germany. Reuters
    Doctor Simon Little of Johanniter air rescue attends to a patient with serious breathing problems prior to a flight from Gruenberg to a hospital in Bad Hersfeld, in Germany. Reuters
  • A healthcare worker prepares to vaccinate locals with the Janssen vaccine at the VUmc hospital in Amsterdam, the Netherlands. EPA
    A healthcare worker prepares to vaccinate locals with the Janssen vaccine at the VUmc hospital in Amsterdam, the Netherlands. EPA

Europe’s real Covid level: 'one in five' EU citizens have had Covid-19


Tim Stickings
  • English
  • Arabic

More than one in five EU citizens have had Covid-19 since the start of the pandemic, according to a new estimate.

The modelling suggests that about 94 million people in the bloc have been infected at some stage – more than three times the number of confirmed cases.

During the first wave in Europe in the spring of 2020, testing was scarce in many countries and the official figures were a significant underestimate.

But even in the age of mass testing, only about 43 per cent of infections are being detected, the study by the Institute for Health Metrics and Evaluation at the University of Washington in the US said.

The IHME's findings also suggest that Europe could be at the peak of its third wave of the pandemic.

Scientists say the combination of vaccines, lockdown measures and the seasonal effect of spring should be enough to reduce infections, hospital admissions and deaths in the EU’s 27 countries.

“It is possible that this week marks a watershed for the EU as a whole, with a peak in daily cases and deaths,” they said.

Blamed on the variant of Covid-19 first detected in the UK, the third wave forced several countries – including France and Germany – to impose new lockdowns.

Germany last week ordered its strictest measures yet, with ministers ordering 10pm curfews in many areas after the federal government in Berlin seized control from Germany's states.

However, several countries plan to ease restrictions in the coming weeks – raising fears of a resurgence in cases.

Scientists in Belgium, Switzerland and Italy have warned against a premature lifting of restrictions.

European countries are accelerating their vaccination programmes after a slow start, with nearly a quarter of EU citizens now having had a first dose.

Some governments are giving only one dose to people who have recovered from Covid-19 in the past, because they already have antibodies.

In addition, a previous recovery from Covid-19 is one of the ways that EU citizens will be able to prove they are safe to travel under a "digital green certificate" scheme unveiled by Brussels.

An infection within the past 180 days would eliminate the need for a vaccine or a negative test, under the proposals agreed this month by EU ambassadors.

The IHME modelling suggests that 21 per cent of the EU's 447 million population were infected at some stage during the pandemic.

However, most of these people would be unable to prove this because they never tested positive for the disease.

Europe watches India's Covid-19 crisis with alarm

Meanwhile, fears are growing in Europe about the possible impact of the crisis in India and the B.1.617 variant that could be fuelling the resurgence of the disease.

Health officials are also monitoring the spread of the variants first identified in South Africa and Brazil, which concerned officials because of their possible impact on vaccine efficacy.

The IHME’s modelling lays out a “worst scenario” in which a variant spreads out of control in Europe just as mobility and social contacts pick up again.

Such a scenario could lead to an additional 24,000 deaths across the EU, the study says.

The UK imposed a travel ban on India last week and Germany followed suit on Saturday after designating the country as a "virus variant zone".

"We're very worried about the new mutation of the virus discovered in India,” German Health Minister Jens Spahn told German media.

“So as not to endanger our vaccination programme, India travel has to be significantly limited".

More on Covid-19

Israel reports no new deaths in milestone for vaccine programme

Vaccines are working: UK deaths and hospital cases in steep decline

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

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

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

'Top Gun: Maverick'

Rating: 4/5

 

Directed by: Joseph Kosinski

 

Starring: Tom Cruise, Val Kilmer, Jennifer Connelly, Jon Hamm, Miles Teller, Glen Powell, Ed Harris

 
Company%20Profile
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MO
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Company%20profile
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What the law says

Micro-retirement is not a recognised concept or employment status under Federal Decree Law No. 33 of 2021 on the Regulation of Labour Relations (as amended) (UAE Labour Law). As such, it reflects a voluntary work-life balance practice, rather than a recognised legal employment category, according to Dilini Loku, senior associate for law firm Gateley Middle East.

“Some companies may offer formal sabbatical policies or career break programmes; however, beyond such arrangements, there is no automatic right or statutory entitlement to extended breaks,” she explains.

“Any leave taken beyond statutory entitlements, such as annual leave, is typically regarded as unpaid leave in accordance with Article 33 of the UAE Labour Law. While employees may legally take unpaid leave, such requests are subject to the employer’s discretion and require approval.”

If an employee resigns to pursue micro-retirement, the employment contract is terminated, and the employer is under no legal obligation to rehire the employee in the future unless specific contractual agreements are in place (such as return-to-work arrangements), which are generally uncommon, Ms Loku adds.

Quick pearls of wisdom

Focus on gratitude: And do so deeply, he says. “Think of one to three things a day that you’re grateful for. It needs to be specific, too, don’t just say ‘air.’ Really think about it. If you’re grateful for, say, what your parents have done for you, that will motivate you to do more for the world.”

Know how to fight: Shetty married his wife, Radhi, three years ago (he met her in a meditation class before he went off and became a monk). He says they’ve had to learn to respect each other’s “fighting styles” – he’s a talk it-out-immediately person, while she needs space to think. “When you’re having an argument, remember, it’s not you against each other. It’s both of you against the problem. When you win, they lose. If you’re on a team you have to win together.” 

UAE v Gibraltar

What: International friendly

When: 7pm kick off

Where: Rugby Park, Dubai Sports City

Admission: Free

Online: The match will be broadcast live on Dubai Exiles’ Facebook page

UAE squad: Lucas Waddington (Dubai Exiles), Gio Fourie (Exiles), Craig Nutt (Abu Dhabi Harlequins), Phil Brady (Harlequins), Daniel Perry (Dubai Hurricanes), Esekaia Dranibota (Harlequins), Matt Mills (Exiles), Jaen Botes (Exiles), Kristian Stinson (Exiles), Murray Reason (Abu Dhabi Saracens), Dave Knight (Hurricanes), Ross Samson (Jebel Ali Dragons), DuRandt Gerber (Exiles), Saki Naisau (Dragons), Andrew Powell (Hurricanes), Emosi Vacanau (Harlequins), Niko Volavola (Dragons), Matt Richards (Dragons), Luke Stevenson (Harlequins), Josh Ives (Dubai Sports City Eagles), Sean Stevens (Saracens), Thinus Steyn (Exiles)

At a glance

- 20,000 new jobs for Emiratis over three years

- Dh300 million set aside to train 18,000 jobseekers in new skills

- Managerial jobs in government restricted to Emiratis

- Emiratis to get priority for 160 types of job in private sector

- Portion of VAT revenues will fund more graduate programmes

- 8,000 Emirati graduates to do 6-12 month replacements in public or private sector on a Dh10,000 monthly wage - 40 per cent of which will be paid by government

6.30pm Meydan Classic Trial US$100,000 (Turf) 1,400m

Winner Bella Fever, Dane O’Neill (jockey), Mike de Kock (trainer).

7.05pm Handicap $135,000 (T) 1,400m

Winner Woven, Harry Bentley, David Simcock.

7.40pm UAE 2000 Guineas Group Three $250,000 (Dirt) 1,600m

Winner Fore Left, William Buick, Doug O’Neill.

8.15pm Dubai Sprint Listed Handicap $175,000 (T) 1,200m

Winner Rusumaat, Dane O’Neill, Musabah Al Muhairi.

8.50pm Al Maktoum Challenge Round-2 Group Two $450,000 (D) 1,900m

Winner Benbatl, Christophe Soumillon, Saeed bin Suroor.

9.25pm Handicap $135,000 (T) 1,800m

Winner Art Du Val, William Buick, Charlie Appleby.

10pm Handicap $135,000 (T) 1,400m

Winner Beyond Reason, William Buick, Charlie Appleby.

UAE%20medallists%20at%20Asian%20Games%202023
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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