The EU on Friday risked a global battle for vaccine supplies after unveiling a drastic plan to restrict the export of Covid-19 shots.
The plan to ensure Europe gets its “fair share” of coronavirus vaccines came on the same day the bloc’s medicines regulator approved the AstraZeneca/Oxford University shot for use in people aged 18 and older.
It brings the bloc’s total vaccine arsenal to three after the Moderna and Pfizer/BioNTech shots were previously approved.
The regulator's approval for the AstraZeneca vaccine came despite Germany's vaccine commission warning there was not enough data to support its efficacy in people aged over 65.
Johnson & Johnson also announced on Friday that clinical trials showed its coronavirus vaccine was moderately effective in preventing the disease with just a single shot.
J&J said that in the US and seven other countries, the single-shot vaccine was 66 per cent effective overall at preventing moderate to severe illness, and much more protective - 85 per cent - against the most serious symptoms.
In South Africa, where a Covid variant is circulating widely, J&J’s vaccine was only 57 per cent effective, versus a 72 per cent efficacy in the US where the mutation is less prevalent.
Novavax, another vaccine, was found to be 60 per cent effective against the South African strain.
Professor Paul Heath, Novavax's clinical trial chief investigator, was confident the vaccines could be modified to overcome the mutations.
"The UK variant can successfully be prevented with this vaccine. Yes, the South African is more difficult," he told the BBC.
"But I think all of the technologies we have seen mean we can adapt at pace, so we can keep up and get ahead of the virus."
While the J&J and Novavax shots are not as strong as their rivals, they are still potentially helpful for a world in dire need of more doses.
With the EU far behind the UK and US in the race to vaccinate its people against the coronavirus, the new export controls unveiled by the European Commission will oblige drug companies such as Pfizer and AstraZeneca Plc to obtain prior authorisation before sending shots manufactured in the bloc to other countries.
“The protections and safety of our citizens is a priority and the challenges we now face left us with no choice but to act,” EU Trade Commissioner Valdis Dombrovskis said.
“This is a race against the clock — we cannot lose time because of vaccines not being delivered on schedule.”
The step represents a dramatic escalation in the global battle for vaccines, with thousands dying every day and the European economy struggling under lockdown measures that have lasted almost a year.
But the move risks drawing accusations of protectionism as the EU tries to compensate for perceived missteps in negotiations with drug makers and the slow roll-out of national vaccination programs.
The new rules, which will run until the end of March, will allow EU states to block exports if a set of pre-defined criteria have not been met, however officials were eager to point out that the move stopped short of blanket bans.
The main condition will be that companies have already delivered a sufficient number of dosages to EU members, as set out in existing purchase agreements.
The curbs will affect vaccine production and filling facilities operated by AstraZeneca, Moderna and Pfizer in Belgium, the Netherlands, Spain, France and elsewhere.
The dispute was triggered by AstraZeneca’s decision to prioritize Britain over the EU in what the bloc claimed was a breach of terms. The company warned last week that deliveries of its doses to the EU this quarter would be less than half what was initially planned.
While the move raises questions about its legality, World Trade Organisation rules regarding export restrictions have exemptions in the event of critical shortages of essential products, or the need to protect human life and health.
EU chief Ursula von der Leyen continued to demand that AstraZeneca fulfill its contractual obligations for the vaccine.
The European Commission published its contract with the company, hoping to show a breach.
A MINECRAFT MOVIE
Director: Jared Hess
Starring: Jack Black, Jennifer Coolidge, Jason Momoa
Rating: 3/5
BIRD%20BOX%20BARCELONA
%3Cp%3E%3Cstrong%3EDirectors%3A%3C%2Fstrong%3E%20David%20and%20Alex%20Pastor%3Cbr%3E%3Cstrong%3EStars%3A%20%3C%2Fstrong%3EGeorgina%20Campbell%2C%20Mario%20Casas%2C%20Diego%20Calva%3Cbr%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%202%2F5%3C%2Fp%3E%0A
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.
Wicked
Director: Jon M Chu
Stars: Cynthia Erivo, Ariana Grande, Jonathan Bailey
THE CLOWN OF GAZA
Director: Abdulrahman Sabbah
Starring: Alaa Meqdad
Rating: 4/5
Timeline
2012-2015
The company offers payments/bribes to win key contracts in the Middle East
May 2017
The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts
September 2021
Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act
October 2021
Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence
December 2024
Petrofac enters into comprehensive restructuring to strengthen the financial position of the group
May 2025
The High Court of England and Wales approves the company’s restructuring plan
July 2025
The Court of Appeal issues a judgment challenging parts of the restructuring plan
August 2025
Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision
October 2025
Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange
November 2025
180 Petrofac employees laid off in the UAE
The language of diplomacy in 1853
Treaty of Peace in Perpetuity Agreed Upon by the Chiefs of the Arabian Coast on Behalf of Themselves, Their Heirs and Successors Under the Mediation of the Resident of the Persian Gulf, 1853
(This treaty gave the region the name “Trucial States”.)
We, whose seals are hereunto affixed, Sheikh Sultan bin Suggar, Chief of Rassool-Kheimah, Sheikh Saeed bin Tahnoon, Chief of Aboo Dhebbee, Sheikh Saeed bin Buyte, Chief of Debay, Sheikh Hamid bin Rashed, Chief of Ejman, Sheikh Abdoola bin Rashed, Chief of Umm-ool-Keiweyn, having experienced for a series of years the benefits and advantages resulting from a maritime truce contracted amongst ourselves under the mediation of the Resident in the Persian Gulf and renewed from time to time up to the present period, and being fully impressed, therefore, with a sense of evil consequence formerly arising, from the prosecution of our feuds at sea, whereby our subjects and dependants were prevented from carrying on the pearl fishery in security, and were exposed to interruption and molestation when passing on their lawful occasions, accordingly, we, as aforesaid have determined, for ourselves, our heirs and successors, to conclude together a lasting and inviolable peace from this time forth in perpetuity.
Taken from Britain and Saudi Arabia, 1925-1939: the Imperial Oasis, by Clive Leatherdale
Read more about the coronavirus
Squads
India: Kohli (c), Rahul, Shaw, Agarwal, Pujara, Rahane, Vihari, Pant (wk), Ashwin, Jadeja, Kuldeep, Shami, Umesh, Siraj, Thakur
West Indies: Holder (c), Ambris, Bishoo, Brathwaite, Chase, Dowrich (wk), Gabriel, Hamilton, Hetmyer, Hope, Lewis, Paul, Powell, Roach, Warrican, Joseph
The studios taking part (so far)
- Punch
- Vogue Fitness
- Sweat
- Bodytree Studio
- The Hot House
- The Room
- Inspire Sports (Ladies Only)
- Cryo
Desert Warrior
Starring: Anthony Mackie, Aiysha Hart, Ben Kingsley
Director: Rupert Wyatt
Rating: 3/5
Pearls on a Branch: Oral Tales
Najlaa Khoury, Archipelago Books