• Southwark underground station, closed due to strike action, in London. AP
    Southwark underground station, closed due to strike action, in London. AP
  • A closed Victoria underground train station. Tube workers represented by the Rail Maritime and Transport (RMT) union are conducting a day-long walkout due to a pension dispute. Getty Images
    A closed Victoria underground train station. Tube workers represented by the Rail Maritime and Transport (RMT) union are conducting a day-long walkout due to a pension dispute. Getty Images
  • An underground railway station is emptier than usual as staff stage a national strike in London. Getty Images
    An underground railway station is emptier than usual as staff stage a national strike in London. Getty Images
  • Commuters queue for buses outside Victoria underground train station. Getty Images
    Commuters queue for buses outside Victoria underground train station. Getty Images
  • A public information notice at Stratford train station in east London. PA
    A public information notice at Stratford train station in east London. PA
  • Piccadilly line trains remain at the depot. AP
    Piccadilly line trains remain at the depot. AP
  • Closed gates at Northfields tube station. AP
    Closed gates at Northfields tube station. AP

Tube strike brings London to a standstill as minister warns of 'imposed solution'


Simon Rushton
  • English
  • Arabic

A strike by London Underground workers has brought large parts of the Tube to a standstill.

Transport for London (TfL) has advised travellers to avoid attempting to use the Tube as the strike paralyses the service.

Transport Secretary Grant Shapps blamed union leaders for the continuing dispute and said the ministry could impose a solution if there was no agreement.

Buses were crammed with passengers and roads were also jammed as some travellers turned to their cars. At 9am, congestion levels were at 40 per cent, compared with 26 per cent last week.

Leaders at the Rail, Maritime and Transport (RMT) union blame the government and managers for the failure to strike a deal on pay and pensions, at a time when the country is enduring rampant inflation.

It is the second of three consecutive RMT strike days. The other two days are a separate dispute with Network Rail, the company that maintains the railways and controls rail signals for England, Scotland and Wales.

Most Tube lines are suspended with very limited operation where there was a service.

“We have done everything we can to avoid this strike going ahead today,” said Nick Dent, TfL’s director of customer operations.

“Unfortunately, the disruption is going to be pretty significant to London today. We are advising customers not to travel on the Tube at all.”

Mr Shapps accused the union of not conveying updated offers from management to its members.

“The deal that is on the table actually means largely no compulsory redundancies at all,” he said.

“If [the unions] are not prepared to put that deal to your membership, we will never know whether members would accept it.

“What I do know, and I can say for sure, is if we can’t get this settled in the way that we are proposing, which is ‘please put the deal to your membership’, then we will have to move to what is called a Section 188; it is a process of actually requiring these changes to go into place, so it becomes mandated.

“That is the direction that this is moving in now.”

Mr Shapps said that outdated work practices needed to be updated.

  • A near empty platform at London Euston train station on Thursday morning, as Britain's railways were hit by further strikes. PA
    A near empty platform at London Euston train station on Thursday morning, as Britain's railways were hit by further strikes. PA
  • Mick Lynch, general secretary of the Rail, Maritime and Transport union, on the picket line outside London Euston train station. PA
    Mick Lynch, general secretary of the Rail, Maritime and Transport union, on the picket line outside London Euston train station. PA
  • Commuters wait on a platform at Clapham Junction in London. AFP
    Commuters wait on a platform at Clapham Junction in London. AFP
  • A sign with information regarding strike action at London Waterloo railway station. Bloomberg
    A sign with information regarding strike action at London Waterloo railway station. Bloomberg
  • Commuters arrive on one of the limited running services at London Waterloo railway station in London. Bloomberg
    Commuters arrive on one of the limited running services at London Waterloo railway station in London. Bloomberg
  • A passenger checks the departure boards at a quiet London Euston train station. PA
    A passenger checks the departure boards at a quiet London Euston train station. PA
  • A commuter looks at signs with information about strike action at the entrance to Waterloo East railway station in London. Bloomberg
    A commuter looks at signs with information about strike action at the entrance to Waterloo East railway station in London. Bloomberg
  • Former Labour party leader Jeremy Corbyn and Zarah Sultana, MP for Coventry South, join the picket line outside London Euston train station. PA
    Former Labour party leader Jeremy Corbyn and Zarah Sultana, MP for Coventry South, join the picket line outside London Euston train station. PA

“If we can’t get those modernisations in place, we will have to impose those modernisations, but we would much rather do it through these offers actually being put to their members,” he said.

The union is pinning the blame for the strikes on funding cuts and warned more, wider action may be next.

“The issues that are involved in London Underground may get more serious and right across TfL, because they haven’t got any funding from the government, it’s going to be difficult,” RMT general secretary Mick Lynch said.

“The government has cut £4 billion off the railway, the mainline railways lost £2bn, and TfL lost £2bn. So, that is going to affect every worker, but it will also affect the services that Londoners can expect going forward.”

London mayor Sadiq Khan said the government was provoking the industrial action.

“The way the government is behaving, it is almost like they are deliberately provoking strikes across the country, not just in the transport sector but in other sectors, as a precursor for legislation to curtail the rights of trade unions to go on strike,” he said.

“Today it is ordinary Londoners, commuters and businesses who are caught in the crossfire — the government and Grant Shapps aren’t affected at all.”

There is also disruption to London’s bus service on Friday and Saturday due to a separate strike by drivers, who are members of Unite, over a pay dispute.

Sixty-three bus routes are being affected, according to TfL.

Mainline train services started later than normal on Friday due to the knock-on effect of Thursday’s RMT strike at Network Rail and train operators across the country.

Only 70 per cent of services will run across Friday as a whole.

A further walkout on Saturday will reduce service levels to 20 per cent.

What is blockchain?

Blockchain is a form of distributed ledger technology, a digital system in which data is recorded across multiple places at the same time. Unlike traditional databases, DLTs have no central administrator or centralised data storage. They are transparent because the data is visible and, because they are automatically replicated and impossible to be tampered with, they are secure.

The main difference between blockchain and other forms of DLT is the way data is stored as ‘blocks’ – new transactions are added to the existing ‘chain’ of past transactions, hence the name ‘blockchain’. It is impossible to delete or modify information on the chain due to the replication of blocks across various locations.

Blockchain is mostly associated with cryptocurrency Bitcoin. Due to the inability to tamper with transactions, advocates say this makes the currency more secure and safer than traditional systems. It is maintained by a network of people referred to as ‘miners’, who receive rewards for solving complex mathematical equations that enable transactions to go through.

However, one of the major problems that has come to light has been the presence of illicit material buried in the Bitcoin blockchain, linking it to the dark web.

Other blockchain platforms can offer things like smart contracts, which are automatically implemented when specific conditions from all interested parties are reached, cutting the time involved and the risk of mistakes. Another use could be storing medical records, as patients can be confident their information cannot be changed. The technology can also be used in supply chains, voting and has the potential to used for storing property records.

Need to know

The flights: Flydubai flies from Dubai to Kilimanjaro airport via Dar es Salaam from Dh1,619 return including taxes. The trip takes 8 hours. 

The trek: Make sure that whatever tour company you select to climb Kilimanjaro, that it is a reputable one. The way to climb successfully would be with experienced guides and porters, from a company committed to quality, safety and an ethical approach to the mountain and its staff. Sonia Nazareth booked a VIP package through Safari Africa. The tour works out to $4,775 (Dh17,538) per person, based on a 4-person booking scheme, for 9 nights on the mountain (including one night before and after the trek at Arusha). The price includes all meals, a head guide, an assistant guide for every 2 trekkers, porters to carry the luggage, a cook and kitchen staff, a dining and mess tent, a sleeping tent set up for 2 persons, a chemical toilet and park entrance fees. The tiny ration of heated water provided for our bath in our makeshift private bathroom stall was the greatest luxury. A standard package, also based on a 4-person booking, works out to $3,050 (Dh11,202) per person.

When to go: You can climb Kili at any time of year, but the best months to ascend  are  January-February and September-October.  Also good are July and August, if you’re tolerant of the colder weather that winter brings.

Do not underestimate the importance of kit. Even if you’re travelling at a relatively pleasant time, be geared up for the cold and the rain.

Indika
%3Cp%3E%3Cstrong%3EDeveloper%3A%3C%2Fstrong%3E%2011%20Bit%20Studios%3Cbr%3E%3Cstrong%3EPublisher%3A%3C%2Fstrong%3E%20Odd%20Meter%3Cbr%3E%3Cstrong%3EConsole%3A%3C%2Fstrong%3E%20PlayStation%205%2C%20PC%20and%20Xbox%20series%20X%2FS%3Cbr%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%204%2F5%3C%2Fp%3E%0A
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

How to avoid crypto fraud
  • Use unique usernames and passwords while enabling multi-factor authentication.
  • Use an offline private key, a physical device that requires manual activation, whenever you access your wallet.
  • Avoid suspicious social media ads promoting fraudulent schemes.
  • Only invest in crypto projects that you fully understand.
  • Critically assess whether a project’s promises or returns seem too good to be true.
  • Only use reputable platforms that have a track record of strong regulatory compliance.
  • Store funds in hardware wallets as opposed to online exchanges.
From Zero

Artist: Linkin Park

Label: Warner Records

Number of tracks: 11

Rating: 4/5

MATCH INFO

Bayern Munich 2 Borussia Monchengladbach 1
Bayern:
 Zirkzee (26'), Goretzka (86')
Gladbach: Pavard (37' og)

Man of the Match: Breel Embolo (Borussia Monchengladbach)

ESSENTIALS

The flights 
Fly Etihad or Emirates from the UAE to Moscow from 2,763 return per person return including taxes. 
Where to stay 
Trips on the Golden Eagle Trans-Siberian cost from US$16,995 (Dh62,414) per person, based on two sharing.

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. 

Results

1. Lewis Hamilton (Mercedes) 1hr 32mins 03.897sec

2. Max Verstappen (Red Bull-Honda) at 0.745s

3. Valtteri Bottas (Mercedes) 37.383s

4. Lando Norris (McLaren) 46.466s

5.Sergio Perez (Red Bull-Honda) 52.047s

6. Charles Leclerc (Ferrari) 59.090s

7. Daniel Ricciardo (McLaren) 1:06.004

8. Carlos Sainz Jr (Ferrari) 1:07.100

9. Yuki Tsunoda (AlphaTauri-Honda) 1:25.692

10. Lance Stroll (Aston Martin-Mercedes) 1:26.713,

WHAT%20MACRO%20FACTORS%20ARE%20IMPACTING%20META%20TECH%20MARKETS%3F
%3Cp%3E%E2%80%A2%20Looming%20global%20slowdown%20and%20recession%20in%20key%20economies%3C%2Fp%3E%0A%3Cp%3E%E2%80%A2%20Russia-Ukraine%20war%3C%2Fp%3E%0A%3Cp%3E%E2%80%A2%20Interest%20rate%20hikes%20and%20the%20rising%20cost%20of%20debt%20servicing%3C%2Fp%3E%0A%3Cp%3E%E2%80%A2%20Oil%20price%20volatility%3C%2Fp%3E%0A%3Cp%3E%E2%80%A2%20Persisting%20inflationary%20pressures%3C%2Fp%3E%0A%3Cp%3E%E2%80%A2%20Exchange%20rate%20fluctuations%3C%2Fp%3E%0A%3Cp%3E%E2%80%A2%20Shortage%20of%20labour%2Fskills%3C%2Fp%3E%0A%3Cp%3E%E2%80%A2%20A%20resurgence%20of%20Covid%3F%3C%2Fp%3E%0A
The specs

Engine: 6.2-litre V8

Transmission: seven-speed auto

Power: 420 bhp

Torque: 624Nm

Price: from Dh293,200

On sale: now

Recipe: Spirulina Coconut Brothie

Ingredients
1 tbsp Spirulina powder
1 banana
1 cup unsweetened coconut milk (full fat preferable)
1 tbsp fresh turmeric or turmeric powder
½ cup fresh spinach leaves
½ cup vegan broth
2 crushed ice cubes (optional)

Method
Blend all the ingredients together on high in a high-speed blender until smooth and creamy. 

Springtime in a Broken Mirror,
Mario Benedetti, Penguin Modern Classics

 

Essentials

The flights

Emirates and Etihad fly direct from the UAE to Geneva from Dh2,845 return, including taxes. The flight takes 6 hours. 

The package

Clinique La Prairie offers a variety of programmes. A six-night Master Detox costs from 14,900 Swiss francs (Dh57,655), including all food, accommodation and a set schedule of medical consultations and spa treatments.

Desert Warrior

Starring: Anthony Mackie, Aiysha Hart, Ben Kingsley

Director: Rupert Wyatt

Rating: 3/5

The White Lotus: Season three

Creator: Mike White

Starring: Walton Goggins, Jason Isaacs, Natasha Rothwell

Rating: 4.5/5

Updated: August 19, 2022, 11:52 AM