00:02At least 60,000 migrants crossed into Spain's Ceuta enclave in the span of 24 hours,
00:08government officials said on Friday, sparking what Spain described as the biggest crisis since at
00:13least 2021. The border crisis boiled over on Thursday and escalated overnight as Spain deployed
00:21its military to restore order. Dozens of people have died trying to reach the Spanish territory
00:27bordering Morocco, police sources said. France said it will tighten its border with Spain,
00:34announcing the activation of the Rapid Intervention Border Force for in-depth inspections.
00:39Italy called for Spain to be excluded from Europe's Schengen Open Border Zone,
00:44prompting Spain to summon Italy's ambassador and accuse Rome of using the crisis for political gain.
00:50A Spanish Supreme Court ruled earlier this month that immediate returns of migrants crossing the
00:56border illegally did not apply to those arriving by sea. Spain's Prime Minister Pedro Sanchez said
01:02on Friday that the sudden influx of migrants was caused by trafficking mafias spreading false
01:07rumors about the recent court ruling, which does not apply to land border crossings.
01:16Hamas says it has agreed to a deal announced on Thursday by U.S. President Donald Trump to disarm
01:21the group and pave the way for Israeli withdrawal from Gaza and the reconstruction of the enclave.
01:27Trump earlier hailed the deal as historic and monumental, noting that the Board of Peace he
01:32created in January agreed to it to put to action his 20-point peace plan for Gaza.
01:38The deal, according to the U.S. President, will be carefully structured in phases,
01:43first beginning with the complete disarmament of Hamas and all other groups,
01:47and then moving on to the IDF's retreat. After both those steps are completed,
01:52a technocratic government run by former U.K. Prime Minister Tony Blair will then be appointed
01:57to work alongside Palestinian officials to govern the territory and oversee its reconstruction.
02:04Trump did not detail a specific timeline in his announcement, but officials familiar with
02:09the matter have indicated that they expect the disarmament process to be completed within the
02:13coming two weeks. They added that Hamas' surrendering of heavy weapons and the decommissioning of its
02:19tunnels is a process expected to take between 200 and 350 days. Israeli Prime Minister Benjamin Netanyahu
02:27has repeatedly stated that his country will not withdraw its troops from Gaza until all weapons
02:32are turned over and Hamas is dismantled.
02:40Yemen's Houthi leader threatened Saudi Arabia with full escalation. The announcement came hours before
02:47Riyadh announced a new maritime defense coalition to counter the Iran-backed group's expanding campaign
02:53against Red Sea shipping. Abdulmalik al-Houthi accused Saudi Arabia of keeping Yemen in a deliberate cycle
03:01of economic and political crisis. Saudi Arabia's response to the Houthi maritime campaign took
03:07institutional form on Thursday when Riyadh hosted 43 countries to discuss the creation of a new
03:14multinational maritime defense coalition. The coalition is designed to protect freedom of navigation and
03:21energy supply routes through the Bab el-Monded Strait, the Red Sea and the Gulf of Aden. The strait carries
03:27roughly 12 percent of global maritime trade. The Bab el-Monded campaign comes at a time when the
03:33strait of Ormuz, the gulf's other critical choke point, remained under blockade after the US-Iran war
03:40continued following the collapse of the interim deal between the two sides.
03:49The United Kingdom has announced its plans to invest 9.8 billion euros for the next phase of its
03:56Dreadnought-class nuclear submarine program. BAE Systems has been tasked with delivering four
04:02submarines as part of Britain's nuclear deterrent. The Defense Secretary and I are here today to confirm
04:10after the agreement that was reached around the Defense Investment Plan, 8.4 billion pounds investment
04:18in the new Dreadnought-class of submarine for our continuous at-sea deterrent.
04:26The investment was set to help the first of four submarines, the HMS Dreadnought, complete its sea trials and be
04:34ready to
04:34enter service with the Royal Navy in the early 2030s Downing Street set. Burnham's government said the program would support
04:4347,000 jobs and
04:45apprenticeships over the next decade.
04:51The European Union said it is ready to play a substantive role in an effort to resume talks on the
04:57Cyprus issue.
04:58Cyprus President Nikos Christodoulides welcomed Raffaele Fito in Nikosia, marking the first visit by the Executive Vice President of the
05:07European Commission since his appointment as Special Representative for Cyprus.
05:12According to the Cypriot government, they discussed the next steps as well as the European officials' upcoming meetings with the
05:20parties involved.
05:21Following the meeting, Raffaele Fito explained how he views his new mission.
05:25The European Union wants to give a very clear message. We want to work, to participate with a very important
05:35role in the process.
05:37We want to follow clearly the UN process because it is very important for us to give our very important
05:50positive contribution this way.
05:53The Cypriot government says it seeks to leverage EU-Turkey relations to advance the process.
05:59Foreign Minister Konstantinos Kompos described the meeting as useful and constructive.
06:04He noted that Nikosia is considering ideas and proposals for the next steps,
06:08but emphasized that Turkey's final stance remains decisive.
06:13There is a possibility to have a promise. We are working to create the challenges to have this promise.
06:22In a very big level, however, the answer to all these questions is available.
06:27Fito's visit, which also included a scheduled meeting with Turkish Cypriot leader Tufan Erhurman, took place a few days after
06:35Antonio Guterres' meeting in Cyprus.
06:37The UN Secretary-General said he hopes to convene fresh talks between the two sides, provided that progress is made
06:45with confidence-building measures
06:46and the methodology and substance of any talks that may take place."
06:56World football's governing body FIFA has vowed to press ahead with a controversial private investment plan,
07:03despite widespread opposition to the proposal.
07:06On Thursday, Europe's football union UEFA declared it would boycott future FIFA World Cup competitions if it went ahead with
07:13Gianni Infantino's plan.
07:16Later, North and Central America's CONCACAF shared that all 41 of its member associations also rejected FIFA's proposal to sell
07:24a stake in the business operations of the World Cup.
07:28Infantino's project was announced on Tuesday when he wrote to members that if they approved of the proposed FIFA Forward
07:34Enterprise commercial subsidiary,
07:3620% owned by private investors, their funding would double to $20 million for the next four years.
07:43Infantino has proposed FFE would run events such as the World Cup and Club World Cup.
07:48The core investor would be a New York investment firm created by Joshua Kushner,
07:53the brother of U.S. President Donald Trump's son-in-law Jared Kushner.
07:57While FIFA said it would go ahead with the consultation process for the proposal,
08:02it appears to then back off from the commercial subsidiary,
08:05saying without the support of its 211 member associations, FFE would not be established.
08:16The European Union's antitrust sheriff is investigating whether Chinese platform Temu received potentially distortive foreign subsidies,
08:25with surprise raids carried out last December.
08:28The European Commission said Temu has infringed its duty to actively cooperate on multiple aspects related to the conduct of
08:36the inspection
08:37at the premises of its subsidiary Welco in Dublin.
08:40Temu rejected the EU's findings, claiming it cooperated fully and complied with all the requests the Commission made during the
08:47inspection.
08:49The EU accuses Temu of not providing information related to its activities in the EU, its IT tools and the
08:55systems it uses.
08:56Temu also did not provide specific books and records on its activities in the EU.
09:01The EU's accusation only relates to the December 2025 inspections, and Temu now has the right to reply to Brussels
09:09concerns.
09:10Temu also categorically denied receiving unfair foreign subsidies.
09:14The online marketplace has 130 million users in the EU, nearly a third of the bloc's population,
09:21making it one of the biggest online retailers in Europe.
09:27Temu has beaten market expectations in its latest quarterly results, generating almost $110 billion in revenue, up 60% year
09:36-on-year.
09:37The record June quarter was driven by strong demand, with iPhone sales rising almost 22% to over $54 billion,
09:45and Mac revenue jumping nearly 29%.
09:48However, the stellar performance was overshadowed by a weaker outlook.
09:54Apple warned that rising memory chip costs and AI-driven supply constraints will slow current quarter growth to between 9
10:01% and 11%,
10:03causing shares to fall by up to 8% in after-hours trading.
10:09The company will also no longer benefit from the tariff refunds that boosted its latest profit margin.
10:17The financial report marks the final earnings call for chief executive Tim Cook, who is stepping down after 15 years.
10:26Hardware engineering chief John Ternus will take over as chief executive on September the 1st.
10:37British oil and gas giant BP said on Friday that it had launched a process to market its North Sea
10:44business for a potential sale,
10:46as it looks to focus on its, quote, highest value opportunities.
10:51According to a statement, BP said it believes their North Sea business will be better positioned as part of another
10:59company.
10:59The announcement came a day after new UK Prime Minister Andy Burnham signaled that he could take
11:07a more flexible approach to North Sea oil and gas production amid concerns about the UK's energy security and volatile
11:15global energy markets.
11:17It also comes amid US President Donald Trump's repeated call on Britain to ramp up oil and gas production in
11:24the North Sea.
11:25On Thursday, Burnham said he intended to take, quote, a pragmatic approach to developing and using the region's resources.
11:35BP's North Sea portfolio of the UK coast comprises five production hubs and employs some 1,100 people.
11:43BP's North Sea.
11:49END
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