Shoppers walk on the Spitaler Strasse shopping street in Hamburg, northern Germany, 23 May 2020. Most shops in Germany are open again after a lockdown due to the SARS-CoV-2 coronavirus outbreak which causes the Covid-19 disease. EPA
Shoppers walk on the Spitaler Strasse shopping street in Hamburg, northern Germany, 23 May 2020. Most shops in Germany are open again after a lockdown due to the SARS-CoV-2 coronavirus outbreak which causes the Covid-19 disease. EPA
Shoppers walk on the Spitaler Strasse shopping street in Hamburg, northern Germany, 23 May 2020. Most shops in Germany are open again after a lockdown due to the SARS-CoV-2 coronavirus outbreak which causes the Covid-19 disease. EPA
Shoppers walk on the Spitaler Strasse shopping street in Hamburg, northern Germany, 23 May 2020. Most shops in Germany are open again after a lockdown due to the SARS-CoV-2 coronavirus outbreak which

Coronavirus: Germany extends social distancing rules until June 29


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Germany will extend social distancing rules until June 29 to contain the Covid-19 pandemic, a government spokesman said.

The move follows a dispute over how quickly to ease lockdown measures that have helped Germany to weather the outbreak with far fewer deaths than other European nations.

Under the agreement, public gatherings of up to 10 people would also be allowed from June 6, the government spokesman said.

German Chancellor Angela Merkel originally suggested extending the distancing rules, which require people to stay 1.5 metres apart, until July 5, because she is worried about a second wave of infections.

  • A woman visits her husband at a retirement home in Bourbourg (North of France), where a double entry bubble has been installed to allow visits without risk of contamination. AFP
    A woman visits her husband at a retirement home in Bourbourg (North of France), where a double entry bubble has been installed to allow visits without risk of contamination. AFP
  • Dominic Cummings, the embattled special advisor for Britain's Prime Minister Boris Johnson arrives at his house in London, Britain. Reuters
    Dominic Cummings, the embattled special advisor for Britain's Prime Minister Boris Johnson arrives at his house in London, Britain. Reuters
  • Rashad, a volunteer with the grassroots charity Hunger has no Religion, instructs children to maintain social distancing in Johannesburg during an Eid Al Fitr meal distributed to hundreds in the neighbourhoods of Westbury and Coronationville. AFP
    Rashad, a volunteer with the grassroots charity Hunger has no Religion, instructs children to maintain social distancing in Johannesburg during an Eid Al Fitr meal distributed to hundreds in the neighbourhoods of Westbury and Coronationville. AFP
  • A health worker takes samples from a man to test him for Covid-19 coronavirus, at the Biological Sciences unit of the National Polytechnic Institute in Mexico City. AFP
    A health worker takes samples from a man to test him for Covid-19 coronavirus, at the Biological Sciences unit of the National Polytechnic Institute in Mexico City. AFP
  • Nurse Ivanna Banshchikova visits a woman at home in Moscow. AFP
    Nurse Ivanna Banshchikova visits a woman at home in Moscow. AFP
  • Schoolchildren receive face masks from the director at a primary school in the district of Attecoube in Abidjan on the first day day after resumption of classes. AFP
    Schoolchildren receive face masks from the director at a primary school in the district of Attecoube in Abidjan on the first day day after resumption of classes. AFP
  • An orphan plays with her new hula hoop during an Eid Al Fitr food and toy distribution for total about 500 orphans in 11 orphanages in Nairobi, Kenya. AFP
    An orphan plays with her new hula hoop during an Eid Al Fitr food and toy distribution for total about 500 orphans in 11 orphanages in Nairobi, Kenya. AFP
  • People queue to undergo Covid-19 tests, in San Salvador. El Salvador's government urged the population to comply with preventive measures to stop the growing spread of the coronavirus, which has reached almost 2,000 cases in the country. AFP
    People queue to undergo Covid-19 tests, in San Salvador. El Salvador's government urged the population to comply with preventive measures to stop the growing spread of the coronavirus, which has reached almost 2,000 cases in the country. AFP
  • A healthcare worker holds a sign reading "14 per cent of healthcare workers in Madrid are infected" during a protest calling for a reinforced healthcare system outside the Gregorio Maranon hospital in Madrid, as Spain loosens its national lockdown. AFP
    A healthcare worker holds a sign reading "14 per cent of healthcare workers in Madrid are infected" during a protest calling for a reinforced healthcare system outside the Gregorio Maranon hospital in Madrid, as Spain loosens its national lockdown. AFP
  • Taiwan President Tsai Ing-wen waves after inspecting the military police headquarters in Taipei. AFP
    Taiwan President Tsai Ing-wen waves after inspecting the military police headquarters in Taipei. AFP
  • A patient is carried to be transferred on an ambulance boat from the community of Portel to a hospital in Breves, on Marajo island, Para state, Brazil. AFP
    A patient is carried to be transferred on an ambulance boat from the community of Portel to a hospital in Breves, on Marajo island, Para state, Brazil. AFP
  • A man wearing a protective mask uses a cellphone as he sits on a bench near Shinagawa station on the first day after the Japanese government lifted the state of emergency in Tokyo, Japan. Reuters
    A man wearing a protective mask uses a cellphone as he sits on a bench near Shinagawa station on the first day after the Japanese government lifted the state of emergency in Tokyo, Japan. Reuters
  • A motorist arranges fruits and vegetables for sale next to her vehicle, as an alternative mobile grocery stall on the outskirts of Nairobi, Kenya. Reuters
    A motorist arranges fruits and vegetables for sale next to her vehicle, as an alternative mobile grocery stall on the outskirts of Nairobi, Kenya. Reuters

The country's 16 states have been hit to differing degrees by the coronavirus, and Thuringia in the east, which has had fewer cases, voiced its dissent in a surprise statement.

On Monday, the state’s premier, Bodo Ramelow, said Thuringia within the next fortnight would end obligatory face coverings and the limit on the number of people allowed to gather.

Other German state leaders accused Mr Ramelow of a highly irresponsible approach.

Germany has seen 8,302 deaths from the coronavirus so far, far fewer than in Italy, Spain, France or Britain, and an initial easing of the measures does not appear to have caused a major surge in cases.

A government source said the Cabinet may also decide to lift a warning against travel to 26 fellow EU countries plus Britain, Iceland, Norway, Switzerland and Liechtenstein from June 15, opening the way to separate advice for specific regions.

Markus Soeder, the Minister President of Bavaria, the hardest-hit state, said tourism should not be reopened too quickly.

"We have in Italy, Spain and France completely different infection numbers compared to Germany, so I ask the federal government to think very carefully about this," Mr Soeder said.

"Nobody should be fooled. Corona remains deadly."

He said Thuringia's shift towards voluntary, localised measures was a "fatal signal".

Because of Bavaria's objections, the Cabinet might postpone its decision by a week but still remove the travel warning from mid-June, media group RND reported.

What can victims do?

Always use only regulated platforms

Stop all transactions and communication on suspicion

Save all evidence (screenshots, chat logs, transaction IDs)

Report to local authorities

Warn others to prevent further harm

Courtesy: Crystal Intelligence

SERIE A FIXTURES

Saturday (All UAE kick-off times)

Lecce v SPAL (6pm)

Bologna v Genoa (9pm)

Atlanta v Roma (11.45pm)

Sunday

Udinese v Hellas Verona (3.30pm)

Juventus v Brescia (6pm)

Sampdoria v Fiorentina (6pm)

Sassuolo v Parma (6pm)

Cagliari v Napoli (9pm)

Lazio v Inter Milan (11.45pm)

Monday

AC Milan v Torino (11.45pm)

 

Fund-raising tips for start-ups

Develop an innovative business concept

Have the ability to differentiate yourself from competitors

Put in place a business continuity plan after Covid-19

Prepare for the worst-case scenario (further lockdowns, long wait for a vaccine, etc.) 

Have enough cash to stay afloat for the next 12 to 18 months

Be creative and innovative to reduce expenses

Be prepared to use Covid-19 as an opportunity for your business

* Tips from Jassim Al Marzooqi and Walid Hanna

Financial considerations before buying a property

Buyers should try to pay as much in cash as possible for a property, limiting the mortgage value to as little as they can afford. This means they not only pay less in interest but their monthly costs are also reduced. Ideally, the monthly mortgage payment should not exceed 20 per cent of the purchaser’s total household income, says Carol Glynn, founder of Conscious Finance Coaching.

“If it’s a rental property, plan for the property to have periods when it does not have a tenant. Ensure you have enough cash set aside to pay the mortgage and other costs during these periods, ideally at least six months,” she says. 

Also, shop around for the best mortgage interest rate. Understand the terms and conditions, especially what happens after any introductory periods, Ms Glynn adds.

Using a good mortgage broker is worth the investment to obtain the best rate available for a buyer’s needs and circumstances. A good mortgage broker will help the buyer understand the terms and conditions of the mortgage and make the purchasing process efficient and easier. 

VEZEETA PROFILE

Date started: 2012

Founder: Amir Barsoum

Based: Dubai, UAE

Sector: HealthTech / MedTech

Size: 300 employees

Funding: $22.6 million (as of September 2018)

Investors: Technology Development Fund, Silicon Badia, Beco Capital, Vostok New Ventures, Endeavour Catalyst, Crescent Enterprises’ CE-Ventures, Saudi Technology Ventures and IFC

COMPANY PROFILE
Name: Airev
Started: September 2023
Founder: Muhammad Khalid
Based: Abu Dhabi
Sector: Generative AI
Initial investment: Undisclosed
Investment stage: Series A
Investors: Core42
Current number of staff: 47
 
WHAT FANS WILL LOVE ABOUT RUSSIA

FANS WILL LOVE
Uber is ridiculously cheap and, as Diego Saez discovered, mush safer. A 45-minute taxi from Pulova airport to Saint Petersburg’s Nevsky Prospect can cost as little as 500 roubles (Dh30).

FANS WILL LOATHE
Uber policy in Russia is that they can start the fare as soon as they arrive at the pick-up point — and oftentimes they start it even before arriving, or worse never arrive yet charge you anyway.

FANS WILL LOVE
It’s amazing how active Russians are on social media and your accounts will surge should you post while in the country. Throw in a few Cyrillic hashtags and watch your account numbers rocket.

FANS WILL LOATHE
With cold soups, bland dumplings and dried fish, Russian cuisine is not to everybody’s tastebuds.  Fortunately, there are plenty Georgian restaurants to choose from, which are both excellent and economical.

FANS WILL LOVE
The World Cup will take place during St Petersburg's White Nights Festival, which means perpetual daylight in a city that genuinely never sleeps. (Think toddlers walking the streets with their grandmothers at 4am.)

FANS WILL LOATHE
The walk from Krestovsky Ostrov metro station to Saint Petersburg Arena on a rainy day makes you wonder why some of the $1.7 billion was not spent on a weather-protected walkway.

Paatal Lok season two

Directors: Avinash Arun, Prosit Roy 

Stars: Jaideep Ahlawat, Ishwak Singh, Lc Sekhose, Merenla Imsong

Rating: 4.5/5

Brief scores:

Toss: India, opted to field

Australia 158-4 (17 ov)

Maxwell 46, Lynn 37; Kuldeep 2-24

India 169-7 (17 ov)

Dhawan 76, Karthik 30; Zampa 2-22

Result: Australia won by 4 runs by D/L method

The Old Slave and the Mastiff

Patrick Chamoiseau

Translated from the French and Creole by Linda Coverdale

J%20Street%20Polling%20Results
%3Cp%3E97%25%20of%20Jewish-Americans%20are%20concerned%20about%20the%20rise%20in%20anti-Semitism%3Cbr%3E%3Cbr%3E76%25%20of%20US%20Jewish%20voters%20believe%20Donald%20Trump%20and%20his%20allies%20in%20the%20Republican%20Party%20are%20responsible%20for%20a%20rise%20in%20anti-Semitism%3Cbr%3E%3Cbr%3E74%25%20of%20American%20Jews%20agreed%20that%20%E2%80%9CTrump%20and%20the%20Maga%20movement%20are%20a%20threat%20to%20Jews%20in%20America%22%3Cbr%3E%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

Scotland v Ireland:

Scotland (15-1): Stuart Hogg; Tommy Seymour, Huw Jones, Sam Johnson, Sean Maitland; Finn Russell, Greig Laidlaw (capt); Josh Strauss, James Ritchie, Ryan Wilson; Jonny Gray, Grant Gilchrist; Simon Berghan, Stuart McInally, Allan Dell

Replacements: Fraser Brown, Jamie Bhatti, D'arcy Rae, Ben Toolis, Rob Harley, Ali Price, Pete Horne, Blair Kinghorn

Coach: Gregor Townsend (SCO)

Ireland (15-1): Rob Kearney; Keith Earls, Chris Farrell, Bundee Aki, Jacob Stockdale; Jonathan Sexton, Conor Murray; Jack Conan, Sean O'Brien, Peter O'Mahony; James Ryan, Quinn Roux; Tadhg Furlong, Rory Best (capt), Cian Healy

Replacements: Sean Cronin, Dave Kilcoyne, Andrew Porter, Ultan Dillane, Josh van der Flier, John Cooney, Joey Carbery, Jordan Larmour

Coach: Joe Schmidt (NZL)