German Chancellor Angela Merkel spoke out against the proposal to lift vaccine patents. Getty Images
German Chancellor Angela Merkel spoke out against the proposal to lift vaccine patents. Getty Images
German Chancellor Angela Merkel spoke out against the proposal to lift vaccine patents. Getty Images
German Chancellor Angela Merkel spoke out against the proposal to lift vaccine patents. Getty Images

Germany's Angela Merkel says scrapping vaccine patents will not affect global shortage


Tim Stickings
  • English
  • Arabic

German leader Angela Merkel on Friday resisted calls to remove patent protections on Covid-19 vaccines as a way of boosting global supplies.

Rich countries are under pressure to address the imbalance in global vaccination rates, with the global Covax scheme falling short of its targets.

Washington this month backed the idea of waiving patents, but the German chancellor spoke out against the idea at a Global Solutions Initiative event where she said companies needed incentives to produce the shots.

She said that suspending patent rights could discourage companies from developing medicines for future virus mutations or new diseases.

“Those who have been developing these vaccines with breathtaking speed – if we were to turn to them and say you’ll have to forsake your patents right now, I don’t think that would be the best thing to do,” she said.

“We’re talking about companies here that have the capability to produce these vaccines, and all of a sudden we take away the patents from them.

“I don’t want the message to go out that in the next crisis situation, it is no longer worthwhile for companies to invest or to work hard to develop goods or produce medicine.”

Ms Merkel said Germany had provided Covax with more than €2.2 billion ($2.67bn) in funding, but that money was not the main issue.

“We have found that it doesn’t help a lot to have a lot of money in the account of Covax, because we don’t have enough vaccines,” she said. "We need to produce more, much more than we have done so far.

“I believe we need incentives for the respective companies to further invest in development.”

A batch of AstraZeneca vaccines is delivered under the Covax scheme in Mexico. Reuters
A batch of AstraZeneca vaccines is delivered under the Covax scheme in Mexico. Reuters

Warning over virus mutations in unvaccinated countries 

Unicef said last week that Covax faced a shortfall of nearly 190 million doses by next month, partly because of the disastrous second wave of the pandemic in India.

At current rates, some developing countries face waiting until 2023 or 2024 to vaccinate their populations against Covid-19.

Italian premier Mario Draghi, speaking alongside Ms Merkel, said Europe had a stake in boosting vaccine access in Africa.

“So long as the pandemic rages on, the virus can undergo dangerous mutations that can undermine even the most successful vaccination campaign,” he said.

The EU last week announced a plan to donate at least 100 million vaccine doses to poorer countries by the end of the year.

But EU leaders reacted sceptically to the Biden administration’s support for suspending patents, despite pressure from human rights groups.

Ms Merkel said pharmaceutical companies should be encouraged to invest in Africa.

“There will be further virus mutations, there will be new pathogens coming up and this is why we need to prepare for further pandemic threats,” Ms Merkel said.

“So we should not reduce incentives for research and development, but rather we ought to maintain it. Patent protection plays a very important role in this respect."

Lamenting a lack of preparation for the pandemic, Ms Merkel said Germany had tried to put the issue on the global agenda during its G7 and G20 presidencies in 2015 and 2017.

She said some progress had been made but wished that countries had taken more steps to prepare.

But, she conceded, “at the time, no one would probably have been able to imagine that this issue would become so pressing”.

The President's Cake

Director: Hasan Hadi

Starring: Baneen Ahmad Nayyef, Waheed Thabet Khreibat, Sajad Mohamad Qasem 

Rating: 4/5

THE DETAILS

Kaala

Dir: Pa. Ranjith

Starring: Rajinikanth, Huma Qureshi, Easwari Rao, Nana Patekar  

Rating: 1.5/5 

The Comeback: Elvis And The Story Of The 68 Special
Simon Goddard
Omnibus  Press

Avatar: Fire and Ash

Director: James Cameron

Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana

Rating: 4.5/5

EMERGENCY PHONE NUMBERS

Estijaba – 8001717 –  number to call to request coronavirus testing

Ministry of Health and Prevention – 80011111

Dubai Health Authority – 800342 – The number to book a free video or voice consultation with a doctor or connect to a local health centre

Emirates airline – 600555555

Etihad Airways – 600555666

Ambulance – 998

Knowledge and Human Development Authority – 8005432 ext. 4 for Covid-19 queries

Who was Alfred Nobel?

The Nobel Prize was created by wealthy Swedish chemist and entrepreneur Alfred Nobel.

  • In his will he dictated that the bulk of his estate should be used to fund "prizes to those who, during the preceding year, have conferred the greatest benefit to humankind".
  • Nobel is best known as the inventor of dynamite, but also wrote poetry and drama and could speak Russian, French, English and German by the age of 17. The five original prize categories reflect the interests closest to his heart.
  • Nobel died in 1896 but it took until 1901, following a legal battle over his will, before the first prizes were awarded.
A cryptocurrency primer for beginners

Cryptocurrency Investing  for Dummies – by Kiana Danial 

There are several primers for investing in cryptocurrencies available online, including e-books written by people whose credentials fall apart on the second page of your preferred search engine. 

Ms Danial is a finance coach and former currency analyst who writes for Nasdaq. Her broad-strokes primer (2019) breaks down investing in cryptocurrency into baby steps, while explaining the terms and technologies involved.

Although cryptocurrencies are a fast evolving world, this  book offers a good insight into the game as well as providing some basic tips, strategies and warning signs.

Begin your cryptocurrency journey here. 

Available at Magrudy’s , Dh104 

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

The Orwell Prize for Political Writing

Twelve books were longlisted for The Orwell Prize for Political Writing. The non-fiction works cover various themes from education, gender bias, and the environment to surveillance and political power. Some of the books that made it to the non-fiction longlist include: 

  • Appeasing Hitler: Chamberlain, Churchill and the Road to War by Tim Bouverie
  • Some Kids I Taught and What They Taught Me by Kate Clanchy
  • Invisible Women: Exposing Data Bias in a World Designed for Men by Caroline Criado Perez
  • Follow Me, Akhi: The Online World of British Muslims by Hussein Kesvani
  • Guest House for Young Widows: Among the Women of ISIS by Azadeh Moaveni