US President Joe Biden on Sunday announced that he would no longer be running in the 2024 US presidential race, a momentous decision that further upends the Democratic campaign against Republican Donald Trump and spells an end to Mr Biden's decades-long political career.
"It has been the greatest honour of my life to serve as your president," Mr Biden wrote in a statement.
"And while it has been my intention to seek re-election, I believe it is in the best interest of my party and the country for me to stand down and to focus solely on fulfilling my duties as President for the remainder of my term."
Mr Biden endorsed his vice president, Kamala Harris, as the Democratic Party's nominee. He added that he intends to speak later this week about his decision and what is next.
The Democrats now face the daunting task of rallying behind Ms Harris just a month before their convention in Chicago, and less than four months before the November 5 election.
The decision marks the latest historic milestone in a high-stakes election defined by existential questions, and Republicans in the US Congress quickly called on Mr Biden to resign from the presidency.
World leaders quickly issued statements of appreciation for Mr Biden as a long-serving statesman.
Israeli Prime Minister Isaac Herzog paid tribute to "the first US President to visit Israel in wartime, as a recipient of the Israeli Presidential Medal of Honour, and as a true ally of the Jewish people".
"He is a symbol of the unbreakable bond between our two peoples," Mr Herzog wrote on X.
Micheal Martin, Ireland's Foreign Minister, was among the first world leaders to pay tribute to Mr Biden, who has spoken fondly of his Irish heritage.
"This has no doubt been the toughest of calls, but one done, as ever, with dignity and class. I know that the people of Ireland will wish President Biden the very best," Mr Martin shared in a heartfelt post to X.
But others were not as warm in their reactions.
Maria Zakharova, spokeswoman for Russia's Foreign Ministry, said leaders should “investigate the conspiracy of the American media and political circles that hid the true state of affairs about his mental state, manipulating public opinion and playing along with one political party."
Moscow has endorsed the Republican ticket with Mr Trump and his vice presidential pick JD Vance.
Democrats have asserted that the foundations of US democracy are at stake, including worries over ensuring the defeat of Mr Trump and Republicans with authoritarian hopes beyond what his first presidency signalled.
Mr Trump's comments about acting as a dictator and Mr Vance's sympathies for elements of Project 2025 – a plan by a conservative think tank to rework government structure and policy from day one – have caused alarm over the future of American democracy.
A recent poll published by Five Thirty Eight poll showed that Ms Harris is “tied” with Mr Trump, at 44-44.
The path to the end of Mr Biden's campaign began after his anaemic and at times incoherent performance in a June 27 debate against his Republican predecessor inspired panic within the Democratic Party.
The White House countered that the 81-year-old President – the oldest in American history – had a cold and was jet-lagged from a tour of Europe nearly two weeks before he took to the debate stage.
Powerful Democrats including Mr Biden's past boss and former president Barack Obama, former House of Representatives Speaker Nancy Pelosi, Senate majority leader Chuck Schumer, and current House Speaker Hakeem Jeffries had expressed concerns about his electability privately and publicly.
Reports in the US media, most quoting unnamed sources, had for weeks painted conflicting pictures about how Mr Biden was processing the fallout.
The New York Times reported on Thursday that several people close to Mr Biden had begun to accept the idea that he may not be able to win in November and may have to drop out of the race.
But as recently as Friday, Mr Biden's re-election campaign chair Jen O’Malley Dillon insisted that he is “in this race to win”.
Progressive Congresswoman Alexandria Ocasio-Cortez, a defender of the President after his debate performance, criticised those who spoke to media on background or off the record.
Less than a day after her Instagram Live video comments, dozens of members of Congress issued public statements calling for Mr Biden to step down.
Polls had shown declining support for Mr Biden's re-election aims, compelling major campaign donors like George Clooney to hold or redirect their funds.
According to a poll by the AP/Norc Centre for Public Affairs, nearly two thirds of Democrats thought Mr Biden should withdraw from the race and have a new party candidate be nominated.
Another recent poll by FiveThirtyEight showed he was trailing his Republican opponent by four points, 42-46.
The end of his political career
Though he still has another six months in office, the end of Mr Biden's campaign essentially ends a lengthy political career.
He briefly worked as a public defender in the 1970s before he entered local Delaware politics.
Mr Biden took the leap into national politics when he was elected as a senator for the state of Delaware in 1973, which began his 36-year career in Congress.
Before his presidency, he served as Mr Obama's vice president for two terms.
Mr Biden stepped into the Oval Office shortly after a pro-Trump insurrection at the US Capitol in January 2021 and amid the Covid pandemic.
He tried to lead the country out of an economic crisis with the aid of a large infrastructure bill.
Mr Biden managed the US through foreign crises including Russia's war on Ukraine and the chaotic withdrawal from Afghanistan.
But one of the nails in his political coffin was his steadfast support of Israel despite a growing civilian death toll in Gaza.
A small but vocal movement called for Democrats to vote “uncommitted” or leave their votes blank to express support for an end to the war in Gaza. The “uncommitted” group garnered 36 delegates.
Patricia Crouse, a practitioner in residence in public administration and political science at the University of New Haven, said this year's Democratic primary crisis was reflective of a larger issue for the party and its approach to candidates, pointing to the 2016 backing of Hillary Clinton as the party's first nominee against Mr Trump.
The party has seemed to project that “candidates are somehow owed the presidency because they were vice president, or they're owed the presidency because they served in somebody's administration”.
“The problem is we've moved to these candidate-centred elections, and the parties have very little to say now really about choosing candidates,” Ms Crouse told The National before Mr Biden's announcement.
“I think the parties probably need to take back some of that power.”
She said Mr Biden's departure may have a lasting impact on the role of age in future elections.
“Age is definitely going to be something that we're going to see in future elections, the age question.”
Ms Crouse pointed to Mr Trump picking a junior senator as his running mate.
“Those are the conversations the party needs to be having … [Mr Vance] is 39 years old, and so in four years, if he decides to run for president, you have a young candidate.”
GIANT REVIEW
Starring: Amir El-Masry, Pierce Brosnan
Director: Athale
Rating: 4/5
Brief scoreline:
Manchester United 2
Rashford 28', Martial 72'
Watford 1
Doucoure 90'
COMPANY%20PROFILE%20
%3Cp%3EName%3A%20DarDoc%3Cbr%3EBased%3A%20Abu%20Dhabi%3Cbr%3EFounders%3A%20Samer%20Masri%2C%20Keswin%20Suresh%3Cbr%3ESector%3A%20HealthTech%3Cbr%3ETotal%20funding%3A%20%24800%2C000%3Cbr%3EInvestors%3A%20Flat6Labs%2C%20angel%20investors%20%2B%20Incubated%20by%20Hub71%2C%20Abu%20Dhabi's%20Department%20of%20Health%3Cbr%3ENumber%20of%20employees%3A%2010%3C%2Fp%3E%0A
The Sand Castle
Director: Matty Brown
Stars: Nadine Labaki, Ziad Bakri, Zain Al Rafeea, Riman Al Rafeea
Rating: 2.5/5
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.
The five pillars of Islam
How does ToTok work?
The calling app is available to download on Google Play and Apple App Store
To successfully install ToTok, users are asked to enter their phone number and then create a nickname.
The app then gives users the option add their existing phone contacts, allowing them to immediately contact people also using the application by video or voice call or via message.
Users can also invite other contacts to download ToTok to allow them to make contact through the app.
heading
Iran has sent five planeloads of food to Qatar, which is suffering shortages amid a regional blockade.
A number of nations, including Iran's major rival Saudi Arabia, last week cut ties with Qatar, accusing it of funding terrorism, charges it denies.
The land border with Saudi Arabia, through which 40% of Qatar's food comes, has been closed.
Meanwhile, mediators Kuwait said that Qatar was ready to listen to the "qualms" of its neighbours.
KILLING OF QASSEM SULEIMANI
Company profile
Company: Rent Your Wardrobe
Date started: May 2021
Founder: Mamta Arora
Based: Dubai
Sector: Clothes rental subscription
Stage: Bootstrapped, self-funded
THE BIO:
Favourite holiday destination: Thailand. I go every year and I’m obsessed with the fitness camps there.
Favourite book: Born to Run by Christopher McDougall. It’s an amazing story about barefoot running.
Favourite film: A League of their Own. I used to love watching it in my granny’s house when I was seven.
Personal motto: Believe it and you can achieve it.
Where can I submit a sample?
Volunteers can now submit DNA samples at a number of centres across Abu Dhabi. The programme is open to all ages.
Collection centres in Abu Dhabi include:
- Abu Dhabi National Exhibition Centre (ADNEC)
- Biogenix Labs in Masdar City
- Al Towayya in Al Ain
- NMC Royal Hospital in Khalifa City
- Bareen International Hospital
- NMC Specialty Hospital, Al Ain
- NMC Royal Medical Centre - Abu Dhabi
- NMC Royal Women’s Hospital.
Padmaavat
Director: Sanjay Leela Bhansali
Starring: Ranveer Singh, Deepika Padukone, Shahid Kapoor, Jim Sarbh
3.5/5
BRAZIL SQUAD
Alisson (Liverpool), Daniel Fuzato (Roma), Ederson (Man City); Alex Sandro (Juventus), Danilo (Juventus), Eder Militao (Real Madrid), Emerson (Real Betis), Felipe (Atletico Madrid), Marquinhos (PSG), Renan Lodi (Atletico Madrid), Thiago Silva (PSG); Arthur (Barcelona), Casemiro (Real Madrid), Douglas Luiz (Aston Villa), Fabinho (Liverpool), Lucas Paqueta (AC Milan), Philippe Coutinho (Bayern Munich); David Neres (Ajax), Gabriel Jesus (Man City), Richarlison (Everton), Roberto Firmino (Liverpool), Rodrygo (Real Madrid), Willian (Chelsea).
Kanye%20West
%3Cp%3EYe%20%E2%80%94%20the%20rapper%20formerly%20known%20as%20Kanye%20West%20%E2%80%94%20has%20seen%20his%20net%20worth%20fall%20to%20%24400%20million%20in%20recent%20weeks.%20That%E2%80%99s%20a%20precipitous%20drop%20from%20Bloomberg%E2%80%99s%20estimates%20of%20%246.8%20billion%20at%20the%20end%20of%202021.%3Cbr%3EYe%E2%80%99s%20wealth%20plunged%20after%20business%20partners%2C%20including%20Adidas%2C%20severed%20ties%20with%20him%20on%20the%20back%20of%20anti-Semitic%20remarks%20earlier%20this%20year.%3Cbr%3EWest%E2%80%99s%20present%20net%20worth%20derives%20from%20cash%2C%20his%20music%2C%20real%20estate%20and%20a%20stake%20in%20former%20wife%20Kim%20Kardashian%E2%80%99s%20shapewear%20firm%2C%20Skims.%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
Ferrari 12Cilindri specs
Engine: naturally aspirated 6.5-liter V12
Power: 819hp
Torque: 678Nm at 7,250rpm
Price: From Dh1,700,000
Available: Now
The%20specs
%3Cp%3E%3Cstrong%3EEngine%3A%20%3C%2Fstrong%3E3.6-litre%2C%20V6%0D%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3Eeight-speed%20auto%0D%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E285hp%0D%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E353Nm%0D%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3EDh159%2C900%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3Enow%3C%2Fp%3E%0A