Britain's Health Secretary Matt Hancock announced the discovery of a new coronavirus variant as he extended restrictions for millions. AFP.
Britain's Health Secretary Matt Hancock announced the discovery of a new coronavirus variant as he extended restrictions for millions. AFP.
Britain's Health Secretary Matt Hancock announced the discovery of a new coronavirus variant as he extended restrictions for millions. AFP.
Britain's Health Secretary Matt Hancock announced the discovery of a new coronavirus variant as he extended restrictions for millions. AFP.

Millions more face tier four as UK grounds South Africa flights over second mutant strain


Neil Murphy
  • English
  • Arabic

The UK identified a second new mutant strain of Covid-19, with links to South Africa, as millions more people face tighter restrictions to help curb the virus.

Britain's Transport Minister Grant Shapps ordered flights and arrivals from South Africa to be halted after a potentially more infectious variant of the novel coronavirus that causes Covid-19 had spread to Britain.
"I've taken the decision to temporarily stop flights and arrivals entering England from South Africa from 9am tomorrow following an outbreak of a new strain of coronavirus," he said.

Health Secretary Matt Hancock said at least two people in the UK were infected with the "highly concerning" variant that emerged from South Africa.
"Thanks to the impressive genomic capability of the South Africans, we've detected two cases of another new variant of coronavirus here in the UK," Mr Hancock said. "Both are contacts of cases who travelled from South Africa over the past few weeks."

An empty Regent Street in London. The city has been placed into the strictest level of coronavirus restrictions after a surge in cases. Bloomberg.
An empty Regent Street in London. The city has been placed into the strictest level of coronavirus restrictions after a surge in cases. Bloomberg.

He said that the South African strain is even more infectious than the VUI-202012/01 variant which was announced by Boris Johnson last weekend, and said to be 70 per cent more infectious than the most common type.
"This new variant is highly concerning, because it is yet more transmissible, and it appears to have mutated further than the new variant that has been discovered in the UK," Mr Hancock said on Wednesday.

South Africa's health department said last week that a new genetic mutation of the virus had been found and might be responsible for the country's recent surge in infections.

Anyone who has been to South Africa, or has been in close proximity to someone who has travelled there, must go into quarantine, the Health Secretary said.

Mr Hancock also said the government would extend tough tier four measures across many areas of Britain from midnight on Boxing Day.

Sussex, Oxfordshire, Suffolk, Norfolk, Cambridgeshire, most of Hampshire and the remainder of Essex will now follow London and parts of the south-east into the highest level of restrictions.

Mr Hancock did not say whether a full lockdown in England was being considered, but said that thanks to these additional steps "brighter skies" were ahead.

A woman with a Union Flag-themed face mask as most of the UK is under lockdown. AP
A woman with a Union Flag-themed face mask as most of the UK is under lockdown. AP

Earlier on Wednesday, Communities Secretary Robert Jenrick said the variant was a “significant game changer” and hinted that current lockdown measures are not enough to halt its spread.

“The number of cases is rising and the variant is spreading to other parts of the country,” he said. “So we will see whether it’s necessary to do more and make sure that the tiered system is sufficiently robust for the new circumstances.”

Researchers say the VUI-202012/01 variant has been found in Wales and Scotland, while health chiefs in the northern English counties of Cumbria and Lancashire believe the mutation is responsible for the sharp rise in cases there.

Labour leader Sir Keir Starmer wrote to the prime minister to say his party would back any new lockdown measures.

Irish political party Sinn Fein called on an island-wide shutdown to stop the spread of the disease, a move that is likely to be resisted by their Northern Ireland power-sharing partners in the Democratic Unionist Party.
Northern Ireland is already under lockdown for the next six weeks, while Wales and Scotland are planning to introduce tighter measures within days.

Meanwhile, hauliers have been told to avoid travelling to Dover where more than 2,800 lorries were stuck on Tuesday afternoon.

France has finally agreed to lift a two-day blockade and allow heavy goods vehicles into the country, but will require people arriving to pass a Covid-19 test no more than 72 hours beforehand.

The protocol agreed with the French government will be reviewed on December 31 but could run until January 6, the Department for Transport said. Those who can make journeys include French citizens, hauliers and British citizens living in France.

UK Transport Secretary Grant Shapps said it could take until Christmas for congestion to clear near ports struggling to deal with the huge backlog.

Emotions are running high in the area, with reports of confrontations between drivers and a small number of police officers.

TV footage showed lorry drivers honking their horns and flashing lights in unison in the dark, while in the early hours of the morning many gathered in the roads around the port to vent their frustration and question officials and police.

Elizabeth de Jong of Logistics UK said it was vital that testing procedures are put in place quickly “to ensure drivers can be processed and get home for Christmas safely”.

“The backlog of traffic across the region will take time to clear so hauliers should wait for further news before travelling to Kent,” she said.

  • Medical workers of the Covid-19 intensive care unit (ICU) at the Santo Stefano hospital in Prato, near Florence, Tuscany, pose wearing their PPE (personal protective equipment) with photos of themselves printed on it, at the hospital in Prato. AFP
    Medical workers of the Covid-19 intensive care unit (ICU) at the Santo Stefano hospital in Prato, near Florence, Tuscany, pose wearing their PPE (personal protective equipment) with photos of themselves printed on it, at the hospital in Prato. AFP
  • Passengers look on from a bus in Bondi Junction in Sydney, Australia. Sydney's northern beaches is on lockdown, as a cluster of Covid-19 cases continues to grow causing other Australian states and territories to impose restrictions on travel ahead of the Christmas holidays. Getty Images
    Passengers look on from a bus in Bondi Junction in Sydney, Australia. Sydney's northern beaches is on lockdown, as a cluster of Covid-19 cases continues to grow causing other Australian states and territories to impose restrictions on travel ahead of the Christmas holidays. Getty Images
  • A man queues to fill oxygen in a tank for a relative due to an increase in coronavirus disease infection rates in Mexico, outside a medical supply store in Mexico City. Reuters
    A man queues to fill oxygen in a tank for a relative due to an increase in coronavirus disease infection rates in Mexico, outside a medical supply store in Mexico City. Reuters
  • Toilet paper rolls are seen on an almost empty shelf as people shop at a Sainsbury's store, amid the outbreak, in London, Britain. Reuters
    Toilet paper rolls are seen on an almost empty shelf as people shop at a Sainsbury's store, amid the outbreak, in London, Britain. Reuters
  • People wearing protective face masks wait for passengers to arrive at Chhatrapati Shivaji Maharaj International Airport after India cancelled all flights from the UK over fears of a new strain of the disease, in Mumbai, India. Reuters
    People wearing protective face masks wait for passengers to arrive at Chhatrapati Shivaji Maharaj International Airport after India cancelled all flights from the UK over fears of a new strain of the disease, in Mumbai, India. Reuters
  • Quarantine workers disinfect a plaza at Cape Homi, a popular point where the sunrise can be viewed earlier than other locations on the Korean Peninsula, on the coast of Pohang in southeastern South Korea. EPA
    Quarantine workers disinfect a plaza at Cape Homi, a popular point where the sunrise can be viewed earlier than other locations on the Korean Peninsula, on the coast of Pohang in southeastern South Korea. EPA
  • Dressed as Santa Claus, David Pizarro talks to a boy from inside a plastic enclosure in an effort to curb the spread of Covid-19, at a square in the Comas municipality of Lima, Peru. AP Photo
    Dressed as Santa Claus, David Pizarro talks to a boy from inside a plastic enclosure in an effort to curb the spread of Covid-19, at a square in the Comas municipality of Lima, Peru. AP Photo
  • Senate Majority Leader Mitch McConnell takes an elevator near the Senate floor on Capitol Hill in Washington, DC. EPA
    Senate Majority Leader Mitch McConnell takes an elevator near the Senate floor on Capitol Hill in Washington, DC. EPA
  • People spend time on Ipanema Beach, in Rio de Janeiro. EPA
    People spend time on Ipanema Beach, in Rio de Janeiro. EPA

The episode prompted a new wave of panic-buying in UK shops as customers stripped shelves in some supermarkets of turkey, toilet rolls, bread and vegetables.

Retailers Tesco and Sainsbury's both said food supplies would be affected if the disruption continued. Tesco said it had imposed temporary buying limits on some essential products.

Experts appearing at the Science and Technology Committee on Wednesday said they are now “almost certain” that the new variant of the virus is more infectious. Prof Peter Horby, chairman of the Nervtag advisory committee, said he did not believe the government had overstated the danger posed by the new variant.

On Wednesday, a further 744 people died in the UK within 28 days of testing positive for Covid-19. A record number of new infections was also reported, with 39,237 testing positive for the disease.

Meanwhile, Scottish First Minister Nicola Sturgeon was forced to apologise after she was spotted without a mask at a funeral. The Scottish National Party leader took off the covering temporarily at a wake for a government official, according to The Sun newspaper.

“This was a stupid mistake and I’m really sorry,” Ms Sturgeon told the BBC. “I talk every day about the importance of masks so I’m not going to offer any excuses.”

Other European countries are looking at ways to tackle the new mutation before it spreads uncontrollably in their borders.

Travellers wanting to fly to the Netherlands will be required to have tested negative for Covid-19 no more than three days before departure as of next Tuesday, the Dutch government said.

The requirement was already in force for travellers from Britain and South Africa.

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 biog

Age: 30

Position: Senior lab superintendent at Emirates Global Aluminium

Education: Bachelor of science in chemical engineering, post graduate degree in light metal reduction technology

Favourite part of job: The challenge, because it is challenging

Favourite quote: “Be the change you wish to see in the world,” Gandi

UK-EU trade at a glance

EU fishing vessels guaranteed access to UK waters for 12 years

Co-operation on security initiatives and procurement of defence products

Youth experience scheme to work, study or volunteer in UK and EU countries

Smoother border management with use of e-gates

Cutting red tape on import and export of food

Labour dispute

The insured employee may still file an ILOE claim even if a labour dispute is ongoing post termination, but the insurer may suspend or reject payment, until the courts resolve the dispute, especially if the reason for termination is contested. The outcome of the labour court proceedings can directly affect eligibility.


- Abdullah Ishnaneh, Partner, BSA Law 

COMPANY%20PROFILE%20
%3Cp%3E%3Cstrong%3ECompany%20name%3A%20%3C%2Fstrong%3EAlmouneer%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202017%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Dr%20Noha%20Khater%20and%20Rania%20Kadry%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EEgypt%3Cbr%3E%3Cstrong%3ENumber%20of%20staff%3A%20%3C%2Fstrong%3E120%3Cbr%3E%3Cstrong%3EInvestment%3A%20%3C%2Fstrong%3EBootstrapped%2C%20with%20support%20from%20Insead%20and%20Egyptian%20government%2C%20seed%20round%20of%20%3Cbr%3E%243.6%20million%20led%20by%20Global%20Ventures%3Cbr%3E%3C%2Fp%3E%0A
UAE squad to face Ireland

Ahmed Raza (captain), Chirag Suri (vice-captain), Rohan Mustafa, Mohammed Usman, Mohammed Boota, Zahoor Khan, Junaid Siddique, Waheed Ahmad, Zawar Farid, CP Rizwaan, Aryan Lakra, Karthik Meiyappan, Alishan Sharafu, Basil Hameed, Kashif Daud, Adithya Shetty, Vriitya Aravind

SPECS
%3Cp%3E%3Cstrong%3EEngine%3A%20%3C%2Fstrong%3E2-litre%204-cylinder%20petrol%20(V%20Class)%3B%20electric%20motor%20with%2060kW%20or%2090kW%20powerpack%20(EQV)%0D%3Cbr%3E%3Cstrong%3EPower%3A%3C%2Fstrong%3E%20233hp%20(V%20Class%2C%20best%20option)%3B%20204hp%20(EQV%2C%20best%20option)%0D%3Cbr%3E%3Cstrong%3ETorque%3A%3C%2Fstrong%3E%20350Nm%20(V%20Class%2C%20best%20option)%3B%20TBA%20(EQV)%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3EMid-2024%0D%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3ETBA%0D%3C%2Fp%3E%0A
The specs: 2018 Jaguar E-Pace First Edition

Price, base / as tested: Dh186,480 / Dh252,735

Engine: 2.0-litre four-cylinder

Power: 246hp @ 5,500rpm

Torque: 365Nm @ 1,200rpm

Transmission: Nine-speed automatic

Fuel consumption, combined: 7.7L / 100km

MATCH INFO

Tottenham Hotspur 3 (Son 1', Kane 8' & 16') West Ham United 3 (Balbuena 82', Sanchez og 85', Lanzini 90' 4)

Man of the match Harry Kane

NINE WINLESS GAMES

Arsenal 2-2 Crystal Palace (Oct 27, PL)

Liverpool 5-5 Arsenal  (Oct 30, EFL)

Arsenal 1-1 Wolves (Nov 02, PL)

Vitoria Guimaraes 1-1 Arsenal  (Nov 6, Europa)

Leicester 2-0 Arsenal (Nov 9, PL)

Arsenal 2-2 Southampton (Nov 23, PL)

Arsenal 1-2 Eintracht Frankfurt (Nov 28, Europa)

Norwich 2-2 Arsenal (Dec 01, PL)

Arsenal 1-2 Brighton (Dec 05, PL)

The%20specs%20
%3Cp%3E%3Cstrong%3EEngine%3A%20%3C%2Fstrong%3E2.0-litre%204cyl%20turbo%0D%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E261hp%20at%205%2C500rpm%0D%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E400Nm%20at%201%2C750-4%2C000rpm%0D%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3E7-speed%20dual-clutch%20auto%0D%3Cbr%3E%3Cstrong%3EFuel%20consumption%3A%20%3C%2Fstrong%3E10.5L%2F100km%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3ENow%0D%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3EFrom%20Dh129%2C999%20(VX%20Luxury)%3B%20from%20Dh149%2C999%20(VX%20Black%20Gold)%3C%2Fp%3E%0A
Bib%20Gourmand%20restaurants
%3Cp%3EAl%20Khayma%0D%3Cbr%3EBait%20Maryam%0D%3Cbr%3EBrasserie%20Boulud%0D%3Cbr%3EFi'lia%0D%3Cbr%3Efolly%0D%3Cbr%3EGoldfish%0D%3Cbr%3EIbn%20AlBahr%0D%3Cbr%3EIndya%20by%20Vineet%0D%3Cbr%3EKinoya%0D%3Cbr%3ENinive%0D%3Cbr%3EOrfali%20Bros%0D%3Cbr%3EReif%20Japanese%20Kushiyaki%0D%3Cbr%3EShabestan%0D%3Cbr%3ETeible%3C%2Fp%3E%0A
Avatar: Fire and Ash

Director: James Cameron

Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana

Rating: 4.5/5

MATCH INFO

Fulham 0

Aston Villa 3 (Grealish 4', Hourihane 15', Mings 48')

Man of the match: Jack Grealish (Aston Villa)

Squads

Pakistan: Sarfaraz Ahmed (c), Babar Azam (vc), Abid Ali, Asif Ali, Fakhar Zaman, Haris Sohail, Mohammad Hasnain, Iftikhar Ahmed, Imad Wasim, Mohammad Amir, Mohammad Nawaz, Mohammad Rizwan, Shadab Khan, Usman Shinwari, Wahab Riaz

Sri Lanka: Lahiru Thirimanne (c), Danushka Gunathilaka, Sadeera Samarawickrama, Avishka Fernando, Oshada Fernando, Shehan Jayasuriya, Dasun Shanaka, Minod Bhanuka, Angelo Perera, Wanindu Hasaranga, Lakshan Sandakan, Nuwan Pradeep, Isuru Udana, Kasun Rajitha, Lahiru Kumara

THE%20STRANGERS'%20CASE
%3Cp%3E%3Cstrong%3EDirector%3C%2Fstrong%3E%3A%20Brandt%20Andersen%3Cbr%3E%3Cstrong%3EStarring%3A%20%3C%2Fstrong%3EOmar%20Sy%2C%20Jason%20Beghe%2C%20Angeliki%20Papoulia%3Cbr%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%204%2F5%3C%2Fp%3E%0A
The design

The protective shell is covered in solar panels to make use of light and produce energy. This will drastically reduce energy loss.

More than 80 per cent of the energy consumed by the French pavilion will be produced by the sun.

The architecture will control light sources to provide a highly insulated and airtight building.

The forecourt is protected from the sun and the plants will refresh the inner spaces.

A micro water treatment plant will recycle used water to supply the irrigation for the plants and to flush the toilets. This will reduce the pavilion’s need for fresh water by 30 per cent.

Energy-saving equipment will be used for all lighting and projections.

Beyond its use for the expo, the pavilion will be easy to dismantle and reuse the material.

Some elements of the metal frame can be prefabricated in a factory.

 From architects to sound technicians and construction companies, a group of experts from 10 companies have created the pavilion.

Work will begin in May; the first stone will be laid in Dubai in the second quarter of 2019. 

Construction of the pavilion will take 17 months from May 2019 to September 2020.

COMPANY PROFILE
Name: Kumulus Water
 
Started: 2021
 
Founders: Iheb Triki and Mohamed Ali Abid
 
Based: Tunisia 
 
Sector: Water technology 
 
Number of staff: 22 
 
Investment raised: $4 million 
The biog

Family: wife, four children, 11 grandchildren, 16 great-grandchildren

Reads: Newspapers, historical, religious books and biographies

Education: High school in Thatta, a city now in Pakistan

Regrets: Not completing college in Karachi when universities were shut down following protests by freedom fighters for the British to quit India 

 

Happiness: Work on creative ideas, you will also need ideals to make people happy

Heavily-sugared soft drinks slip through the tax net

Some popular drinks with high levels of sugar and caffeine have slipped through the fizz drink tax loophole, as they are not carbonated or classed as an energy drink.

Arizona Iced Tea with lemon is one of those beverages, with one 240 millilitre serving offering up 23 grams of sugar - about six teaspoons.

A 680ml can of Arizona Iced Tea costs just Dh6.

Most sports drinks sold in supermarkets were found to contain, on average, five teaspoons of sugar in a 500ml bottle.

COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3ECompany%3A%3C%2Fstrong%3E%20Sideup%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202019%3Cbr%3E%3Cstrong%3EFounder%3A%3C%2Fstrong%3E%20Waleed%20Rashed%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Cairo%2C%20Egypt%3Cbr%3E%3Cstrong%3EIndustry%3A%3C%2Fstrong%3E%20technology%2C%20e-commerce%3Cbr%3E%3Cstrong%3EFunds%20raised%20so%20far%3A%3C%2Fstrong%3E%20%241.2%20million%3Cbr%3E%3Cstrong%3EInvestors%3A%3C%2Fstrong%3E%20Launch%20Africa%20VC%2C%20500%20Global%2C%20Riyadh%20Angels%2C%20Alex%20Angels%2C%20Al%20Tuwaijri%20Fund%20and%20Saudi%20angel%20investor%20Faisal%20Al%20Abdulsalam%3C%2Fp%3E%0A
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.

Who has lived at The Bishops Avenue?
  • George Sainsbury of the supermarket dynasty, sugar magnate William Park Lyle and actress Dame Gracie Fields were residents in the 1930s when the street was only known as ‘Millionaires’ Row’.
  • Then came the international super rich, including the last king of Greece, Constantine II, the Sultan of Brunei and Indian steel magnate Lakshmi Mittal who was at one point ranked the third richest person in the world.
  • Turkish tycoon Halis Torprak sold his mansion for £50m in 2008 after spending just two days there. The House of Saud sold 10 properties on the road in 2013 for almost £80m.
  • Other residents have included Iraqi businessman Nemir Kirdar, singer Ariana Grande, holiday camp impresario Sir Billy Butlin, businessman Asil Nadir, Paul McCartney’s former wife Heather Mills. 
Hunting park to luxury living
  • Land was originally the Bishop of London's hunting park, hence the name
  • The road was laid out in the mid 19th Century, meandering through woodland and farmland
  • Its earliest houses at the turn of the 20th Century were substantial detached properties with extensive grounds

 

Company profile

Name: Dukkantek 

Started: January 2021 

Founders: Sanad Yaghi, Ali Al Sayegh and Shadi Joulani 

Based: UAE 

Number of employees: 140 

Sector: B2B Vertical SaaS(software as a service) 

Investment: $5.2 million 

Funding stage: Seed round 

Investors: Global Founders Capital, Colle Capital Partners, Wamda Capital, Plug and Play, Comma Capital, Nowais Capital, Annex Investments and AMK Investment Office  

COMPANY PROFILE
Name: Almnssa
Started: August 2020
Founder: Areej Selmi
Based: Gaza
Sectors: Internet, e-commerce
Investments: Grants/private funding