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Tuesday, February 1, 2022

On Monday, the United Arab Emirates announced it would impose a federal corporate tax of 9% on business profits, effective from June 1, 2023.

The tax will be levied from all corporations except those involved in “extraction of natural resources”. Businesses with profits up to 375 thousand dirhams will be categorised as small businesses and will be exempted from the tax.

The Emirates has long been a low tax country with no personal tax. The Ministry of Finance said the tax was being imposed to combat tax avoidance and to realign the country on major issues such as the digitalisation of the global economy. It may be linked to a recent international agreement on a minimum global corporate tax rate but the Ministry did not elaborate.

Monday, June 21, 2010

Sweden’s first royal wedding since 1976 took place Saturday when Crown Princess Victoria, 32, married her long-time boyfriend and former personal trainer, Daniel Westling, 36. The ceremony took place at Stockholm Cathedral.

Over 1,200 guests, including many rulers, politicians, royals and other dignitaries from across the world, attended the wedding, which cost an estimated 20 million Swedish kronor. Victoria wore a wedding dress with five-metre long train designed by Pär Engsheden. She wore the same crown that her mother, Queen Silvia, wore on her wedding day 34 years previously, also on June 19. Victoria’s father, King Carl XVI Gustaf, walked Victoria down the aisle, which was deemed untraditional by many. In Sweden, the bride and groom usually walk down the aisle together, emphasising the country’s views on equality. Victoria met with Daniel half-way to the altar, where they exchanged brief kisses, and, to the sounds of the wedding march, made their way to the the silver altar. She was followed by ten bridesmaids. The couple both had tears in their eyes as they said their vows, and apart from fumbling when they exchanged rings, the ceremony went smoothly.

Following the ceremony, the couple headed a fast-paced procession through central Stockholm on a horse-drawn carriage, flanked by police and security. Up to 500,000 people are thought to have lined the streets. They then boarded the Vasaorden, the same royal barge Victoria’s parents used in their wedding, and traveled through Stockholm’s waters, accompanied by flyover of 18 fighter jets near the end of the procession. A wedding banquet followed in the in the Hall of State of the Royal Palace.

Controversy has surrounded the engagement and wedding between the Crown Princess and Westling, a “commoner”. Victoria met Westling as she was recovering from bulemia in 2002. He owned a chain of gymnasiums and was brought in to help bring Victoria back to full health. Westling was raised in a middle-class family in Ockelbo, in central Sweden. His father managed a social services centre, and his mother worked in a post office. When the relationship was made public, Westling was mocked as an outsider and the king was reportedly horrified at the thought of his daughter marrying a “commoner”, even though he did so when he married Silvia. Last year, Westling underwent transplant surgery for a congenital kidney disorder. The Swedish public have been assured that he will be able to have children and that his illness will not be passed on to his offspring.

Westling underwent years of training to prepare for his new role in the royal family, including lessons in etiquette, elocution, and multi-lingual small talk; and a makeover that saw his hair being cropped short, and his plain-looking glasses and clothes being replaced by designer-wear.

Upon marrying the Crown Princess, Westling took his wife’s ducal title and is granted the style “His Royal Highness”. He is now known as HRH Prince Daniel, Duke of Västergötland. He also has his own coat-of-arms and monogram. When Victoria assumes the throne and becomes Queen, Daniel will not become King, but assume a supportive role, similar to that of Prince Phillip, the husband of the United Kingdom’s Queen Elizabeth II.

Monday, February 12, 2007

On Sunday the representatives of International Business Machines Inc. said that the company will launch its new desktop software system for businesses. IBM’s new product is called “Open Client Offering”. The company hopes that its product will put Macintosh or Linux software on a more equal footing with Windows.

The Open Client Offering software was developed by IBM in-house, as well as with partners like Novell Inc. and Red Hat Inc. It is to answer the questions regarding the cost-effectiveness of managing Linux or Apple desktop personal computers alongside Windows PCs.

IBM officials stated that Open Client Offering will allow enterprises to use the same software on Windows, Linux or Apple’s OS X. It will be unnecessary for companies using Open Client to pay Microsoft for licenses for operations because these will no longer rely on Windows-based software.

Scott Handy, IBM’s vice president of Linux and open source, stated that the company worked together with the open source community and in the end found a way to develop a software that is able to function regardless of the operating system.

To create an alternative to Microsoft, IBM is going to offer Open Document Format software that the company developed for word processing, spreadsheets or presentations, instant messaging and blog tools and Internet Explorer’s long time rival – Firefox Web browser.

The software developers at IBM believe that the usage of Open Client Offering can cut the cost of managing applications as well as maintenance and cost regarding customer support on company networks that require other software rather than Windows.

PSA Peugeot Citroen, being the second largest car manufacturer, signed a multi-year agreement with Novell, which is the provider of Linux software, to run Linux on its 20,000 desktop PCs. In addition Linux will be installed on 2,500 server computers.

RedMonk’s analyst, Stephen O’Grady, said that today there is a strong appetite for Windows alternatives. However, he said, this doesn’t mean that the alternatives are to displace Windows wholesales. O’Grady outlined that no one is going to significantly damage the desktop dominance of Microsoft.

Friday, November 20, 2009

Health officials in both the United States and Norway have confirmed the presence of a mutated strain of the H1N1, swine flu virus in several patients in the countries. The mutation is resistant to current treatments for H1N1 such as tamiflu, oseltamivir and zanamivir.

At least three patients in Norway were confirmed to have the mutated strain of H1N1, with two of the cases being fatal. Health officials say the three cases are not related and isolated from one another.

At least four new cases of the mutation were detected in patients at Duke University Medical Center in North Carolina. Three of the four cases were fatal, but the same patients also had severe underlying illnesses before they caught influenza. Two prior cases of the mutation in the same state, were reported in the Summer of 2008. Health officials say none of the cases are related.

Director of the Center for Disease Control‘s Center for Immunization and Respiratory Diseases, Anne Schuchat says the cases are appearing in the U.S. “sporadically.”

“It’s just too soon for us to say what this is going to mean long term. It’s an important finding for the influenza virologists, and they’re looking into it. [The mutation] has no implications for how good the match of the vaccine is and no implications for treatment with antiviral medicine,” said Schuchat during a press conference.

Health officials in other countries such as Mexico, China, Japan, Ukraine and Brazil, also report cases of the mutation.

Saturday, February 11, 2006

Israeli Prime Minister Ariel Sharon underwent emergency surgery at Hadassah Medical Center in Israel to treat intestinal damage revealed by a recent computed tomography, better known as a CT scan. The Chief Surgeon said, “Sharon is out of danger, for the moment. His condition is stable and the surgery was a success.” Sharon is currently in the Intensive Care Unit (ICU) of the hospital.

Yesterday doctors treating Sharon had noticed a swollen abdomen and ordered a CT scan on his torso and found the damage to his intestine. Later tests had shown that part of the large intestine had developed necrosis and needed to be immediately removed.

Hospital director Shlomo Mor-Yosef stated a press conference that there were “no complications” during surgery. “His (Sharon’s) key problem is lack of consciousness. There is no significant change in his condition. Doctors did not find any occluded artery and there were no blood vessels blocked. He is stable but in critical condition at this time and he is in no immediate danger at this moment.”

Yosef also said that Sharon’s sons and family had met earlier and decided to go forward with the surgery and treatment.

Doctors removed at least 50cm of Sharon’s large intestine.

Yosef also said that possible reasons as to why Sharon’s intestine was damaged were, “maybe infection or decline of blood supply to the intestine.” Yosef also said that the surgery was both a “routine procedure” and “not a dramatic” one. “Hospitals perform these operations sometimes two or three times a day,” he added.

Yael Bossem-Levy, a spokesman for Hadassah Medical Center said earlier that, “the prime minister’s life is in danger. His condition is now very serious, or critical. Sharon’s digestive tract has undergone severe deterioration while he’s been unconscious, and there appears to be a blockage in his blood circulation. The restricted blood flow raised the possibility of necrosis, or death of tissue, in the intestines.”

Levy also stated that Sharon’s condition has “deteriorated to its most critical point since his admission.”

The 77 year-old leader has been hospitalized since January 4th, after suffering a massive stroke which left him comatose. This is his seventh surgery since his hospitalization.

Sharon has been hospitalized for thirty-nine days, and has been on a feeding tube for two weeks.

Tuesday, May 25, 2010

Around 2500 tonnes of oil were spilled into the Strait of Singapore today after two ships collided.

The two ships involved in the collision were the oil tanker MT Bunga Kelana 3 and the bulk ship MV Wally, which collided around thirteen kilometers south of Singapore. The tanker received an estimated ten meter gash on its left side, while the bulk ship sustained only minor damage. After the incident, both ships moved away from the spill and are now anchored.

The oil slick has moved north, and is now now encompassing an estimated four square kilometers around six kilometers south of Singapore. Emergency teams from both Singapore and Malaysia have been mobilized, and around twenty vessels are taking part in the clean-up operations. Both containment booms and chemical dispersants are being used to clean up the oil.

The spill is not expected to have any major effects on shipping; Victor Shum, an official from a consulting firm in Singapore, said that “[i]f it is contained within an oil retaining booms, it may not disrupt shipping traffic. There is no comparison. That one has really no limit at this stage.” Shum also expressed environmental concerns, saying that “certainly the concerns are there. Even if it is contained, it will take some time to clean up.”

No crew members from either of the ships involved were reported to be injured.

Wednesday, May 17, 2006

Former world champion boxer Anthony Mundine has beaten long-time rival Danny Green on a unanimous points decision in a non-title World Boxing Association (WBA) super middleweight bout. Mundine, an ex-rugby league star promoted the much-anticipated fight that attracted around 40,000 spectators and a national record for a pay-per-view television event.

“Who’s the man, who’s the man?” Mundine asked the crowd after the fight. Western Australia’s Danny Green (the “Machine”) was defeated after 12 rounds at the Sydney Football Stadium by “the Man” Mundine. Mundine has improved his overall record to 26 wins and three losses. His victory sets up a world title bout against Denmark’s Mikkel Kessler.

After the bout Mundine praised his opponent’s tenacity: “I just wanna’ thank Danny for a great fight… I was starting to get loose man, Danny was starting to put a lot of pressure on me, he’s got a good long jab, I had to evade that,” said Mundine. “I utilized my speed to catch him and it paid dividends. I was looking for the knockout, I caught him with a few great shots, [and] he can take a great punch. He put up a good performance. He come around, he come prepared – I was the better man tonight Dan, thank you very much. We can do it again maybe, soon.”

Green agreed that Mundine fought the better fight. “He just beat me fair and square. I have no excuses at all, I trained unbelievable, my preparation was great… Anthony was the better man tonight,” said Green.

The WBA fight consolidated six years of taunts and hyperbole to settle a long-running feud between the men and their supporters. According to media reports the battle was personal from the outset with Mundine’s mother Lyn yelling at her son from ringside to “Knock him out Choc, shut him up my baby”.

Sports media commentators reported that the pace remained hectic in the first four rounds as Mundine stood firm and used his jab as Green mixed his trademark “power punches.” As the fight wore on, Mundine appeared in greater control and in better condition. However, Mundine did end up on the canvas in the seventh round, after being pushed through the ropes by Green.

Throughout the fight, Green’s power punches “missed, missed and missed again”. In the final “ferocious” round, Mundine rocked Green with a combination to the head, taunting Green to “Come on.” Green attempted plenty of combinations, but Mundine’s speed caused problems. After 12 rounds, Judge Pinit Prayadsab from Thailand gave the fight to Mundine 118-11, South Korean Michael Lee scored it 116-113 and Australian Derek Milham had it 118-112.

Australian newspapers report that the appreciative crowd included corporate CEOs, former world heavyweight champion Joe Frazier, bikie gangs, peroxide blondes and rugby league players. Referee Terry O’Connor described the event as a fight Australia can be proud of. “They both gave their all, it was a great fight.” He described the atmosphere at Aussie Stadium as “fantastic” “It was the greatest fight I have refereed, it was brilliant,” O’Connor said.

The “Man v Machine” event fight, promoted by Mundine’s Boxa International and the “Green Machine” promoters is believed to have beeen the “biggest boxing match in Australian history”, grossing an estimated $20 million. Each boxer is reported to be earning a seven-figure sum, while spectators have paid up to A$1000 for a seat at the bout. Foxtel reported record sales for their exclusive pay-per-view event, claiming that subscriptions outsold the Lennox Lewis v Mike Tyson heavyweight bout. Heavy betting ensued with one punter laying a $500,000 bet on Mundine to take the honours.

Of his upcoming bout with Denmark’s Mikkel Kessler, Mundine said: “It was a close fight last time. I think he’s the best fighter out there, but I’ve shown I can match it with him. I’m ready.”