France said it could follow Italy in blocking shipments of Covid-19 vaccines abroad, its health minister said, as EU countries look to accelerate inoculation campaigns under fire for being too slow.
Italy, backed by the European Commission, stopped the export to Australia of about 250,000 doses of AstraZeneca's vaccine after the new Italian Prime Minister Mario Draghi called for stronger measures against manufacturers that failed to meet delivery commitments.
The Italian foreign minister said the move was motivated by a lack of vaccines in Europe and Italy, and supply delays from AstraZeneca. It also said Australia was regarded as a “non-vulnerable” country.
But German health minister Jens Spahn said his country had no reason to stop locally made vaccines being exported yet, although he said supply contracts must be met.
Under rules brought in by the European Commission in January, vaccine exports can be curbed if drug makers do not meet delivery targets, after AstraZeneca told the EU it could not meet commitments made under an advance purchase agreement.
About half of the 80 million doses the EU ordered from the company for the first quarter will be delivered.
"Australia has raised the issue with the European Commission through multiple channels, and in particular we have asked the European Commission to review this decision," its health minister Greg Hunt said.
But Australian Prime Minister Scott Morrison said on Friday he could understand the decision, with his country reporting fewer than 1,000 deaths from the virus.
"In Italy, people are dying at the rate of 300 a day. And so I can certainly understand the high level of anxiety that would exist in Italy and in many countries across Europe.
“They are in an unbridled crisis situation. That is not the situation in Australia,” Mr Morrison said on Friday. “But, nevertheless, we have been able to secure our supplies, and additional supplies for importation, both with Pfizer and AstraZeneca, which means we can continue the roll-out of our programme.”
Australia began its vaccination programme last week and is expected to begin local production next month.
EU leaders are under intense pressure over the slowness of the bloc's vaccination campaign, in which about 8 per cent of the population received a dose, compared with more than 30 per cent in the UK.
While the UK approved AstraZeneca’s vaccine in late December, many EU countries were much more cautious amid claims it was not as effective – especially in older people.
But recent studies show that the vaccine does provide strong protection in the elderly and prompted a reversal of that policy in countries such as Belgium, Denmark, France, Germany, Greece and Sweden.
Some British MPs condemned Italy’s decision and said it could damage the EU’s global standing.
"Frankly, it amounts to disgraceful behaviour. It comes at the end of a period where it took them a long time to approve the vaccine, then some of their leaders questioned the value of the vaccine, and it looks likely they wasted the vaccine as a result of that because of an uptake shortfall," David Davis, a former UK Brexit Secretary, told The Telegraph.
“And now this. I'm afraid the EU is putting at risk the goodwill of the rest of the world. It is disgraceful behaviour and sad, really, because they are our friends and allies.”
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TEST SQUADS
Bangladesh: Mushfiqur Rahim (captain), Tamim Iqbal, Soumya Sarkar, Imrul Kayes, Liton Das, Shakib Al Hasan, Mominul Haque, Nasir Hossain, Sabbir Rahman, Mehedi Hasan, Shafiul Islam, Taijul Islam, Mustafizur Rahman and Taskin Ahmed.
Australia: Steve Smith (captain), David Warner, Ashton Agar, Hilton Cartwright, Pat Cummins, Peter Handscomb, Matthew Wade, Josh Hazlewood, Usman Khawaja, Nathan Lyon, Glenn Maxwell, Matt Renshaw, Mitchell Swepson and Jackson Bird.
'Laal Kaptaan'
Director: Navdeep Singh
Stars: Saif Ali Khan, Manav Vij, Deepak Dobriyal, Zoya Hussain
Rating: 2/5
Muguruza's singles career in stats
WTA titles 3
Prize money US$11,128,219 (Dh40,873,133.82)
Wins / losses 293 / 149
Itcan profile
Founders: Mansour Althani and Abdullah Althani
Based: Business Bay, with offices in Saudi Arabia, Egypt and India
Sector: Technology, digital marketing and e-commerce
Size: 70 employees
Revenue: On track to make Dh100 million in revenue this year since its 2015 launch
Funding: Self-funded to date
Founders: Abdulmajeed Alsukhan, Turki Bin Zarah and Abdulmohsen Albabtain.
Based: Riyadh
Offices: UAE, Vietnam and Germany
Founded: September, 2020
Number of employees: 70
Sector: FinTech, online payment solutions
Funding to date: $116m in two funding rounds
Investors: Checkout.com, Impact46, Vision Ventures, Wealth Well, Seedra, Khwarizmi, Hala Ventures, Nama Ventures and family offices
More from Armen Sarkissian
What is a robo-adviser?
Robo-advisers use an online sign-up process to gauge an investor’s risk tolerance by feeding information such as their age, income, saving goals and investment history into an algorithm, which then assigns them an investment portfolio, ranging from more conservative to higher risk ones.
These portfolios are made up of exchange traded funds (ETFs) with exposure to indices such as US and global equities, fixed-income products like bonds, though exposure to real estate, commodity ETFs or gold is also possible.
Investing in ETFs allows robo-advisers to offer fees far lower than traditional investments, such as actively managed mutual funds bought through a bank or broker. Investors can buy ETFs directly via a brokerage, but with robo-advisers they benefit from investment portfolios matched to their risk tolerance as well as being user friendly.
Many robo-advisers charge what are called wrap fees, meaning there are no additional fees such as subscription or withdrawal fees, success fees or fees for rebalancing.
Essentials
The flights: You can fly from the UAE to Iceland with one stop in Europe with a variety of airlines. Return flights with Emirates from Dubai to Stockholm, then Icelandair to Reykjavik, cost from Dh4,153 return. The whole trip takes 11 hours. British Airways flies from Abu Dhabi and Dubai to Reykjavik, via London, with return flights taking 12 hours and costing from Dh2,490 return, including taxes.
The activities: A half-day Silfra snorkelling trip costs 14,990 Icelandic kronur (Dh544) with Dive.is. Inside the Volcano also takes half a day and costs 42,000 kronur (Dh1,524). The Jokulsarlon small-boat cruise lasts about an hour and costs 9,800 kronur (Dh356). Into the Glacier costs 19,500 kronur (Dh708). It lasts three to four hours.
The tours: It’s often better to book a tailor-made trip through a specialist operator. UK-based Discover the World offers seven nights, self-driving, across the island from £892 (Dh4,505) per person. This includes three nights’ accommodation at Hotel Husafell near Into the Glacier, two nights at Hotel Ranga and two nights at the Icelandair Hotel Klaustur. It includes car rental, plus an iPad with itinerary and tourist information pre-loaded onto it, while activities can be booked as optional extras. More information inspiredbyiceland.com
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What She Ate: Six Remarkable Women & the Food That Tells Their Stories
Laura Shapiro
Fourth Estate
Difference between fractional ownership and timeshare
Although similar in its appearance, the concept of a fractional title deed is unlike that of a timeshare, which usually involves multiple investors buying “time” in a property whereby the owner has the right to occupation for a specified period of time in any year, as opposed to the actual real estate, said John Peacock, Head of Indirect Tax and Conveyancing, BSA Ahmad Bin Hezeem & Associates, a law firm.
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