• Crowds not wearing face masks gather at St George's Hall during an anti lockdown protest on November 14 in Liverpool. Getty Images
    Crowds not wearing face masks gather at St George's Hall during an anti lockdown protest on November 14 in Liverpool. Getty Images
  • People gather at the top of at Parliament Hill viewpoint in Hampstead Heath on November 7 in London during the second national lockdown. Getty Images
    People gather at the top of at Parliament Hill viewpoint in Hampstead Heath on November 7 in London during the second national lockdown. Getty Images
  • Shoppers in an Aldi supermarket on March 23 in London. Getty Images
    Shoppers in an Aldi supermarket on March 23 in London. Getty Images
  • People are seen sat outside restaurants in Soho during Halloween celebrations on October 31 in London. Getty Images
    People are seen sat outside restaurants in Soho during Halloween celebrations on October 31 in London. Getty Images
  • People fill Bournemouth beach during the spring bank holiday on May 25. Getty Images
    People fill Bournemouth beach during the spring bank holiday on May 25. Getty Images
  • Liverpool fans celebrate outside Anfield stadium as Liverpool lift the Premier League trophy on July 22 in Liverpool. Getty Images
    Liverpool fans celebrate outside Anfield stadium as Liverpool lift the Premier League trophy on July 22 in Liverpool. Getty Images
  • Police officers are seen walking through heavy crowds in Soho on July 4 in London. Getty Images
    Police officers are seen walking through heavy crowds in Soho on July 4 in London. Getty Images
  • Protesters are seen during a Unite for Freedom march on October 24 in London. Getty Images
    Protesters are seen during a Unite for Freedom march on October 24 in London. Getty Images
  • People head to the beach on May 20 in Blackpool. Getty Images
    People head to the beach on May 20 in Blackpool. Getty Images
  • Shoppers walk down Buchanan Street on November 18 in Glasgow, Scotland. Getty Images
    Shoppers walk down Buchanan Street on November 18 in Glasgow, Scotland. Getty Images
  • Commuters ride on the underground on September 24 in London. Getty Images
    Commuters ride on the underground on September 24 in London. Getty Images
  • Crowds of commuters pass through Vauxhall underground station on June 15 in London. Getty Images
    Crowds of commuters pass through Vauxhall underground station on June 15 in London. Getty Images

How Britain was 20 days slower than Europe to halt Covid wave


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Britain took 20 days longer than the rest of Europe to halt the first wave of coronavirus, according to a new report.

Sweden, which famously never ordered a lockdown, was the only other European country to fare worse than the UK.

The assessment was contained in the Organisation for Economic Co-operation and Development’s Health at a Glance Europe 2020 report.

The study compared data from across the continent to show how each country responded to the initial outbreak beginning in March.

Sweden took 58 days to bring the R rate, the number of people an infected person goes on to infect, below 1.

The UK, which issued a stay at home order on March 23, brought the virus under control just four days earlier.

France took 50 days, while Poland and Finland took 44 and 43 days, respectively.

Hard-hit Italy took 39 days to halt the first wave - measured as achieving four consecutive days of the R rate below 1.

Malta was able to bring its R rate under control the quickest in just 11 days, followed by Luxembourg and Iceland, achieving it in 18 days.

The European Union average was 34 days.

The report found measures such as banning large gatherings, encouraging people to work from home and mask-wearing were significant in reducing the spread of the virus.

Also a factor was the speed in which countries reacted to initial outbreaks.

Countries that delayed imposing lockdowns fared worse than those that acted early, the study found.

Number of days to bring estimated R below one. OECD
Number of days to bring estimated R below one. OECD

For example, nations that closed public places two weeks before they hit 10 deaths per million brought the virus under control in an average of 30 days, compared with 39 days for countries which were slower.

In the UK, the Cheltenham races and a Liverpool football match in the weeks before lockdown were among the spectator events linked to known outbreaks.

The OECD study also found Italy’s health system came under the biggest strain in Europe.

Up to 78 per cent of ICU beds in Italian hospitals were occupied by Covid-19 patients during the first wave.

Estimated ICUs capicity to cope with the surge in Covid-19 patients during the first wave of the pandemic. OECD
Estimated ICUs capicity to cope with the surge in Covid-19 patients during the first wave of the pandemic. OECD

Ireland, France and Belgium all had more than two-thirds of ICU beds taken up by coronavirus patients.

On government spending, the UK has splurged nearly €450 (£400, $534) per person responding to the pandemic, adjusted for purchasing power parity.

In Germany and Ireland, health budgets received a boost of about €300 per person.

Spending averaged under €50 per person in Latvia, Greece, Iceland and the Netherlands.

Central government additional Covid-19 health spending commitments per capita. OECD
Central government additional Covid-19 health spending commitments per capita. OECD

The majority of funding went to procurement of personal protective equipment, testing, recruitment of healthcare staff and contributions to vaccine development.

Meanwhile, the World Health Organisation (WHO) says Europe’s painful second wave may be starting to ease but the death toll remains stubbornly high.

Hans Kluge, WHO’s regional director for Europe, said coronavirus patients were dying every 17 seconds across the continent.

New infections slowed to 1.8 million new cases, compared to 2 million the week before.

Mr Kulge said the drop was a “a small signal, but it’s a signal nevertheless”

“There is good news and not so good news,” he added.

French business

France has organised a delegation of leading businesses to travel to Syria. The group was led by French shipping giant CMA CGM, which struck a 30-year contract in May with the Syrian government to develop and run Latakia port. Also present were water and waste management company Suez, defence multinational Thales, and Ellipse Group, which is currently looking into rehabilitating Syrian hospitals.

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

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

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LIGUE 1 FIXTURES

All times UAE ( 4 GMT)

Friday
Nice v Angers (9pm)
Lille v Monaco (10.45pm)

Saturday
Montpellier v Paris Saint-Germain (7pm)
Bordeaux v Guingamp (10pm)
Caen v Amiens (10pm)
Lyon v Dijon (10pm)
Metz v Troyes (10pm)

Sunday
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Dr Afridi's warning signs of digital addiction

Spending an excessive amount of time on the phone.

Neglecting personal, social, or academic responsibilities.

Losing interest in other activities or hobbies that were once enjoyed.

Having withdrawal symptoms like feeling anxious, restless, or upset when the technology is not available.

Experiencing sleep disturbances or changes in sleep patterns.

What are the guidelines?

Under 18 months: Avoid screen time altogether, except for video chatting with family.

Aged 18-24 months: If screens are introduced, it should be high-quality content watched with a caregiver to help the child understand what they are seeing.

Aged 2-5 years: Limit to one-hour per day of high-quality programming, with co-viewing whenever possible.

Aged 6-12 years: Set consistent limits on screen time to ensure it does not interfere with sleep, physical activity, or social interactions.

Teenagers: Encourage a balanced approach – screens should not replace sleep, exercise, or face-to-face socialisation.

Source: American Paediatric Association