EU to Prepare Plan for No-Deal Scenario With US
Good morning. The EU is preparing for a no-deal scenario with the US. Home sellers in the UK are cutting prices at a record pace. And Microsoft's server software comes under widespread cyberattack. Listen to the day's top stories.
Trade latest: European Union envoys are set to meet as early as this week to formulate a response to a possible no-deal scenario with Donald Trump, whose tariff negotiating position is seen to have stiffened ahead of an Aug. 1 deadline.
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India hints it will keep buying Russian oil
India has indicated it will defy threats made by US President Donald Trump and continue buying Russian oil. The world's third-largest crude importer - after China and the US - cashed in on cheap Russian oil when its price plummeted after Vladimir Putin's full-scale invasion of Ukraine. Historically, it had bought most of its crude from countries in the Middle East. But this changed after the invasion in February 2022, when western countries slapped sanctions on Russia in a bid to choke off money fuelling Moscow's war chest. It prompted the recent energy crisis that saw household bills in the UK soar. On Friday, the Indian foreign ministry said its relationship with Russia was "steady and time-tested", and warned against viewing it through the lens of another country. Addressing a weekly meeting, spokesman Randhir Jaiswal said India's general position on procuring energy was guided by supply in the markets and prevailing global circumstances. The sentiment was echoed by two further government sources cited by the Reuters news agency. "These are long-term oil contracts," one of the sources said. "It is not so simple to just stop buying overnight." India is highly dependent on oil imports, which supply 87% of its needs, according to the International Energy Agency. The comments follow a threat made by President Trump to impose a 25% tariff on goods from India, as well as an additional import tax, because of New Delhi's purchases of Russian oil. The US president made ending the war in Ukraine a top priority - pledging to do so within his first 24 hours in office. But recently Mr Trump - who has repeatedly praised the Mr Putin over the years - has started to sour on the Russian leader for failing to agree to a ceasefire in Ukraine. He called it "disappointing" and also threatened new economic sanctions on Russia if progress is not made. Mr Trump also this week said he had ordered two US nuclear submarines to be positioned in the "appropriate regions" in a row with former Russian president Dmitry Medvedev. The pressure on India comes after it upped it Russian crude purchases from 68,000 barrels per day in January 2022 to 1.12 million barrels per day by June that year. Supplies rose as high as nearly 40% of India's imports at one point, making Russia the largest supplier of crude to New Delhi, according to the Press Trust of India, citing data from analytics firm Kpler. Home to 1.3 billion people, India is expected to become an even bigger oil consumer over the remainder of the decade, fuelled by spectacular growth in its economy, as well as rising population and demographics. Demand has been rising fastest for petrol, with rising household incomes sparking a boom in motorcycle and car ownership.
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Gangs promoting small boats crossings on social media face jail under new crackdown
Gangs promoting small boat Channel crossings on social media will face up to five years in prison as part of a new crackdown announced by the government. An amendment to the Border Security, Asylum and Immigration Bill – currently going through parliament – will introduce a new, UK-wide offence to criminalise the creation of material for publication online which promotes or offers services facilitating a breach of UK immigration law. This could include small boat crossings, the creation of fake travel documents like passports or visas, or explicitly promising illegal working opportunities in the UK. While facilitating illegal migration is already a crime, the government said the proposed changes would 'add another string to law enforcement's bow, better enabling them to disrupt the gangs while they are publicising people smuggling activities and provide an additional tool when building a case against those peddling this content'. Approximately 80 per cent of migrants arriving via small boats told officials that they used social media during their illegal journey to the UK, including to locate or communicate with an agent or facilitator associated with an organised crime group, according to Home Office analysis. Individuals caught by the offence could receive a prison sentence of up to five years and a fine. It comes after the number of migrants arriving in the UK after crossing the English Channel topped 25,000 in record time, after some 898 people made the journey in 13 boats on Wednesday – the third highest daily number of crossings this year. The home secretary said ministers are 'determined to do everything we can' to prevent people smuggling gangs from helping people to make the dangerous crossing. 'Selling the false promise of a safe journey to the UK and a life in this country – whether on or offline – simply to make money, is nothing short of immoral', said Yvette Cooper. 'These criminals have no issue with leading migrants to life-threatening situations using brazen tactics on social media.' She added: 'We have to stay one step ahead of the ever-evolving tactics of people-smuggling gangs and this move, part of our Plan for Change to boost border security, will empower law enforcement to disable these tactics faster and more effectively, ensuring people face proper penalties.' Rob Jones, director general of the National Crime Agency, said: 'We know many of the people-smuggling networks risking lives transporting people to the UK promote their services to migrants using social media. 'The majority of migrants arriving in the UK will have engaged with smugglers in this way. This is why we work with social media companies to target smugglers' accounts, and we've increased the pace of takedowns.' In 2025 so far, 25,436 people have made the dangerous journey across the Channel – up 51 per cent on this point last year (16,842) and 73 per cent higher than at this stage in 2023 (14,732), according to PA news agency analysis. It is the earliest point in a calendar year at which the 25,000 mark has been passed since data on Channel crossings was first reported in 2018. Last year, the figure was passed on 22 September, and in 2023, it was on 2 October. With Nigel Farage's Reform UK surging in the polls, the figures come as a fresh blow to Sir Keir Starmer, whose pledge to tackle small boat crossings is a central pledge of his mission for government. The high numbers of crossings come despite the prime minister announcing a major 'one in, one out' returns deal with France last month. While it is hoped the deal will bring the spiralling numbers under control, the crossings have so far continued at pace.
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Cooper: Fast-track scheme to tackle asylum backlog coming
The Home Secretary plans to introduce a fast-track scheme to tackle the asylum backlog that aims to turn around decisions within weeks. Yvette Cooper said Labour was planning a 'major overhaul' of the appeal process in the hope it would help to make a significant dent in the numbers. 'We need a major overhaul of the appeal [process] and that's what we are going to do in the autumn… If we speed up the decision-making appeal system and also then keep increasing returns, we hope to be able to make quite a big reduction in the overall numbers in the asylum system, because that is the best way to actually restore order and control,' Ms Cooper told The Sunday Times. The aim would be to compress the process so decisions and returns could happen 'within weeks', the newspaper reported, citing a source familiar with the plans. The Government faces pressure to cut how many asylum seekers are housed in hotels while awaiting the outcome of a claim or appeal. The Home Secretary has previously said she was eager to put a fast-track system for decisions and appeals in place so that people from countries considered safe would not sit in the asylum system for a long time. 'We should be able to take those decisions really fast, be able to take those decisions, make sure that they go through the appeals system really fast and then also make sure they are returned really quickly as well,' she told the Home Affairs committee in June. 'That would mean a fast-track system alongside the main asylum system, I think that would be really important in terms of making sure that the system is fair. 'That will require legislation in order to be able to do that, as well as a new system design.' The Government is also seeking to reduce the number of Channel crossings. More than 25,000 migrants have arrived in small boats this year so far. Tensions over asylum hotels have flared up in recent weeks, with a protest and counter-protest taking place on Saturday outside the Thistle City Barbican Hotel in north London, and also in Newcastle. Chancellor Rachel Reeves has pledged to end the use of hotels to house asylum seekers by the end of this Parliament. Asylum seekers and their families are housed in temporary accommodation if they are waiting for the outcome of a claim or an appeal and have been assessed as not being able to support themselves independently. They are housed in hotels if there is not enough space in accommodation provided by local authorities or other organisations.
