Lecturer Dr Jacquie White demonstrates drawing a solution into a syringe as she trains volunteer vaccinators at the University of Hull, northern England. AFP
Lecturer Dr Jacquie White demonstrates drawing a solution into a syringe as she trains volunteer vaccinators at the University of Hull, northern England. AFP
Lecturer Dr Jacquie White demonstrates drawing a solution into a syringe as she trains volunteer vaccinators at the University of Hull, northern England. AFP
Lecturer Dr Jacquie White demonstrates drawing a solution into a syringe as she trains volunteer vaccinators at the University of Hull, northern England. AFP

Oxford-AstraZeneca vaccine can reduce spread and could 'turn Covid-19 into common cold'


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The Oxford-AstraZeneca Covid-19 vaccine can cut the spread of coronavirus by two thirds, raising hopes the illness will eventually morph into a common cold.

The new Oxford study also found that one shot of the vaccine offered 76 per cent effective protection against symptomatic infection, supporting the UK government’s decision to allow a longer gap of 12 weeks between two shots.

The results come as the number of vaccine doses administered in the UK passed 10 million, with 9,646,715 first doses and 496,796 second doses given to healthcare workers and vulnerable groups.

The vaccine is also being delivered worldwide – the first doses arrived in Dubai on Tuesday.

It is the first time a study has shown a Covid-19 vaccine can reduce transmission of the virus.

Prof Andrew Pollard, chief investigator at the Oxford Vaccine Group, said the findings showed the Oxford vaccine should have "a huge impact on transmission" in the UK.

"There is about a two-thirds reduction in the number of people who have been vaccinated who have a positive PCR [polymerase chain reaction], and who therefore are infected," he told BBC's Radio 4 Today programme.

"Because they are no longer infected, they can’t transmit the virus to other people. That should have a huge impact on transmission."

However, Prof Pollard said that the study did not take into account new variants of the virus, such as the mutations first identified in South Africa and Brazil.

"This virus is absolutely trying to find ways of continuing to transmit despite human immunity," he said.

A new mutation found in parts of the UK is adding to the concerns of scientists.

The mutation, called E484K, is "highly likely" to have an effect on the existing suite of vaccines, Prof Pollard said, but he said developers were already looking at updating their vaccines and that it was a "relatively short process" to do so.

He said the illness could eventually transform into a disease that still transmits but does not cause severe illness, such as the common cold.

"Hopefully it will be like other coronaviruses that are around all the time … that will cause colds and mild infections, and we will have built up enough immunity to prevent the severe disease we’ve seen over the past year," Prof Pollard said.

UK Health Secretary Matt Hancock said the results of the study were "really encouraging", raising hopes coronavirus restrictions can be lifted by Easter.

"It does show the world that the Oxford jab works, it works well, it protects you because there were no hospitalisations among those who had the jab and it slows transmission by around two thirds," he said on Tuesday.

"It’s good news for the whole world because this is the vaccine that is most accessible and AZ are producing it at cost."

Asked about French President Emmanuel Macron's remarks labelling the Oxford vaccine as "quasi-ineffective for people over 65", Mr Hancock said: "The science on this one was already pretty clear and with this publication overnight it’s absolutely crystal clear that the Oxford vaccine works."

Prof Pollard said of Mr Macron's comments: "I don’t understand what the statement means."

Two-shot 'sweet spot'

The study measured the effect on transmission by testing for asymptomatic infections, swabbing participants every week, in addition to recording when anyone fell ill with Covid-19.

The results, gathered from trials in Britain, Brazil and South Africa, also showed that immune responses were boosted with a longer interval to the second dose among participants aged 18 to 55 years.

AstraZeneca's research chief said 8-12 weeks between doses seems to be the "sweet spot" for efficacy, contrasting with US drugmaker Pfizer, which warned that the vaccine it developed with Germany's BioNTech was not trialled with such an interval.

The new study did not address concerns about a lack of data on efficacy among the oldest people, who the British government have given highest priority in their vaccine campaign.

Prof Pollard said the data showed the 12-week interval between doses was "the optimal approach to roll out, and reassures us that people are protected from 22 days after a single dose".

The findings of the pre-print paper, which had not been peer-reviewed, supported Britain's decision to extend the interval between initial and booster doses of the shot to 12 weeks, Oxford said.

"Vaccine efficacy after a single standard dose of vaccine from day 22 to day 90 post vaccination was 76 per cent, and modelled analysis indicated that protection did not wane during this initial three-month period," Oxford academics said in the pre-print.

The paper said that vaccine efficacy was 82.4 per cent with 12 or more weeks until the second dose, compared with 54.9 per cent for those where the booster was given less than six weeks after the first dose.

The longest interval between doses for those aged 56 and over was between six and eight weeks, so there was no data for the efficacy of a 12-week dosing gap in that cohort.

Europe's medicine regulator said there is not enough data to determine how well the vaccine will work in people aged over 55, but Britain expressed confidence the vaccine works in all age groups.

The study said none of the 12,408 people vaccinated with a single dose of the vaccine was admitted to hospital with Covid-19 from 22 days after immunisation.

In another study, almost 90 per cent of people who tested positive for Covid-19 were found to have protective antibodies against the virus six months after their initial infection.

The UK Biobank study, which looked at 1,699 people who had caught the virus, was one of the largest follow-up studies in the world.

In pictures – coronavirus in the UK

  • People receive the Covid-19 vaccine at the Derby Arena velodrome in Derby. Reuters
    People receive the Covid-19 vaccine at the Derby Arena velodrome in Derby. Reuters
  • A sign reminding beach-users of the guidance to keep 2 metres away from other people is seen in Fleetwood, northwest England. AFP
    A sign reminding beach-users of the guidance to keep 2 metres away from other people is seen in Fleetwood, northwest England. AFP
  • The vaccination centre in the Newcastle Eagles Community Arena, in Newcastle upon Tyne. Reuters
    The vaccination centre in the Newcastle Eagles Community Arena, in Newcastle upon Tyne. Reuters
  • Volunteers practices administering an intramuscular injection with a training model during vaccinator training to prepare volunteers to be deployed to assist in the national Covid-19 vaccination programme, at the University of Hull. AFP
    Volunteers practices administering an intramuscular injection with a training model during vaccinator training to prepare volunteers to be deployed to assist in the national Covid-19 vaccination programme, at the University of Hull. AFP
  • People practice social distancing as they wait to receive a dose of a Covid-19 vaccine at a community vaccination centre at Hartlepool Town Hall. Reuters
    People practice social distancing as they wait to receive a dose of a Covid-19 vaccine at a community vaccination centre at Hartlepool Town Hall. Reuters
  • People take pictures in a deserted Old Bond Street in London. Reuters
    People take pictures in a deserted Old Bond Street in London. Reuters
  • British Transport Police officers check on travellers as they arrive at Euston rail station in London. Reuters
    British Transport Police officers check on travellers as they arrive at Euston rail station in London. Reuters
  • A health official prepares a dose of Covid-19 vaccine at a community vaccination centre at Hartlepool Town Hall. Reuters
    A health official prepares a dose of Covid-19 vaccine at a community vaccination centre at Hartlepool Town Hall. Reuters
  • W. Uden & Sons Funeral Conductor Spencer Baxter leads the procession of a funeral service in Sidcup, amid the coronavirus disease pandemic, in south east London. Reuters
    W. Uden & Sons Funeral Conductor Spencer Baxter leads the procession of a funeral service in Sidcup, amid the coronavirus disease pandemic, in south east London. Reuters
Results:

5pm: Maiden (PA) Dh80,000 2,200m | Winner: AF Al Montaqem, Bernardo Pinheiro (jockey), Ernst Oertel (trainer)

5.30pm: Maiden (PA) Dh80,000 1,200m | Winner: Daber W’Rsan, Connor Beasley, Jaci Wickham

6pm: Handicap (PA) Dh85,000 1,600m | Winner: Bainoona, Fabrice Veron, Eric Lemartinel

6.30pm: Handicap (PA) Dh80,000 1,600m | Winner: AF Makerah, Antonio Fresu, Ernst Oertel

7pm: Wathba Stallions Cup Handicap (PA) Dh70,000 | Winner: AF Motaghatres, Antonio Fresu, Ernst Oertel

7.30pm: Handicap (TB) Dh90,000 1,600m | Winner: Tafakhor, Ronan Whelan, Ali Rashid Al Raihe

MATCH INFO

Uefa Nations League

League A, Group 4
Spain v England, 10.45pm (UAE)

AGUERO'S PREMIER LEAGUE RECORD

Apps: 186
Goals: 127
Assists: 31
Wins: 117
Losses: 33

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

If you go:
The flights: Etihad, Emirates, British Airways and Virgin all fly from the UAE to London from Dh2,700 return, including taxes
The tours: The Tour for Muggles usually runs several times a day, lasts about two-and-a-half hours and costs £14 (Dh67)
Harry Potter and the Cursed Child is on now at the Palace Theatre. Tickets need booking significantly in advance
Entrance to the Harry Potter exhibition at the House of MinaLima is free
The hotel: The grand, 1909-built Strand Palace Hotel is in a handy location near the Theatre District and several of the key Harry Potter filming and inspiration sites. The family rooms are spacious, with sofa beds that can accommodate children, and wooden shutters that keep out the light at night. Rooms cost from £170 (Dh808).

UAE Premiership

Results
Dubai Exiles 24-28 Jebel Ali Dragons
Abu Dhabi Harlequins 43-27 Dubai Hurricanes

Fixture
Friday, March 29, Abu Dhabi Harlequins v Jebel Ali Dragons, The Sevens, Dubai

Election pledges on migration

CDU: "Now is the time to control the German borders and enforce strict border rejections" 

SPD: "Border closures and blanket rejections at internal borders contradict the spirit of a common area of freedom" 

What are NFTs?

Are non-fungible tokens a currency, asset, or a licensing instrument? Arnab Das, global market strategist EMEA at Invesco, says they are mix of all of three.

You can buy, hold and use NFTs just like US dollars and Bitcoins. “They can appreciate in value and even produce cash flows.”

However, while money is fungible, NFTs are not. “One Bitcoin, dollar, euro or dirham is largely indistinguishable from the next. Nothing ties a dollar bill to a particular owner, for example. Nor does it tie you to to any goods, services or assets you bought with that currency. In contrast, NFTs confer specific ownership,” Mr Das says.

This makes NFTs closer to a piece of intellectual property such as a work of art or licence, as you can claim royalties or profit by exchanging it at a higher value later, Mr Das says. “They could provide a sustainable income stream.”

This income will depend on future demand and use, which makes NFTs difficult to value. “However, there is a credible use case for many forms of intellectual property, notably art, songs, videos,” Mr Das says.

The%20specs
%3Cp%3E%3Cstrong%3EEngine%3A%20%3C%2Fstrong%3E2.0-litre%20four-cylinder%20turbo%20hybrid%0D%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E680hp%0D%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E1%2C020Nm%0D%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3E9-speed%20auto%0D%3Cbr%3E%3Cstrong%3EFuel%20consumption%3A%20%3C%2Fstrong%3E7.5L%2F100km%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3EEarly%202024%0D%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3EFrom%20Dh530%2C000%20(estimate)%3C%2Fp%3E%0A
Match info

Manchester United 0-0 Crystal Palace

Man of the match: Cheikhou Kouyate (Crystal Palace)

The Baghdad Clock

Shahad Al Rawi, Oneworld

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

Classification of skills

A worker is categorised as skilled by the MOHRE based on nine levels given in the International Standard Classification of Occupations (ISCO) issued by the International Labour Organisation. 

A skilled worker would be someone at a professional level (levels 1 – 5) which includes managers, professionals, technicians and associate professionals, clerical support workers, and service and sales workers.

The worker must also have an attested educational certificate higher than secondary or an equivalent certification, and earn a monthly salary of at least Dh4,000. 

Know your Camel lingo

The bairaq is a competition for the best herd of 50 camels, named for the banner its winner takes home

Namoos - a word of congratulations reserved for falconry competitions, camel races and camel pageants. It best translates as 'the pride of victory' - and for competitors, it is priceless

Asayel camels - sleek, short-haired hound-like racers

Majahim - chocolate-brown camels that can grow to weigh two tonnes. They were only valued for milk until camel pageantry took off in the 1990s

Millions Street - the thoroughfare where camels are led and where white 4x4s throng throughout the festival

Will the pound fall to parity with the dollar?

The idea of pound parity now seems less far-fetched as the risk grows that Britain may split away from the European Union without a deal.

Rupert Harrison, a fund manager at BlackRock, sees the risk of it falling to trade level with the dollar on a no-deal Brexit. The view echoes Morgan Stanley’s recent forecast that the currency can plunge toward $1 (Dh3.67) on such an outcome. That isn’t the majority view yet – a Bloomberg survey this month estimated the pound will slide to $1.10 should the UK exit the bloc without an agreement.

New Prime Minister Boris Johnson has repeatedly said that Britain will leave the EU on the October 31 deadline with or without an agreement, fuelling concern the nation is headed for a disorderly departure and fanning pessimism toward the pound. Sterling has fallen more than 7 per cent in the past three months, the worst performance among major developed-market currencies.

“The pound is at a much lower level now but I still think a no-deal exit would lead to significant volatility and we could be testing parity on a really bad outcome,” said Mr Harrison, who manages more than $10 billion in assets at BlackRock. “We will see this game of chicken continue through August and that’s likely negative for sterling,” he said about the deadlocked Brexit talks.

The pound fell 0.8 per cent to $1.2033 on Friday, its weakest closing level since the 1980s, after a report on the second quarter showed the UK economy shrank for the first time in six years. The data means it is likely the Bank of England will cut interest rates, according to Mizuho Bank.

The BOE said in November that the currency could fall even below $1 in an analysis on possible worst-case Brexit scenarios. Options-based calculations showed around a 6.4 per cent chance of pound-dollar parity in the next one year, markedly higher than 0.2 per cent in early March when prospects of a no-deal outcome were seemingly off the table.

Bloomberg

HOW TO WATCH

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TikTok: @thenationalnews   

What is cyberbullying?

Cyberbullying or online bullying could take many forms such as sending unkind or rude messages to someone, socially isolating people from groups, sharing embarrassing pictures of them, or spreading rumors about them.

Cyberbullying can take place on various platforms such as messages, on social media, on group chats, or games.

Parents should watch out for behavioural changes in their children.

When children are being bullied they they may be feel embarrassed and isolated, so parents should watch out for signs of signs of depression and anxiety

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