British intelligence has issued a warning to insurers that Russia is poised to use sea mines to target civilian shipping in the Black Sea.
It comes as Russian attacks have already destroyed enough grain to feed more than one million people for a year. On Thursday, the UK released a declassified report warning that Russia would lay blame on Ukraine for any attacks.
The UK has previously warned that the Russian military had attempted a missile strike against a cargo ship in the Black Sea.
It says Russia is seeking to target civilian shipping travelling through Ukraine’s humanitarian corridor in order to deter the export of Ukrainian grain in a bid to continue it’s attempts to pressure the Ukrainian economy.
"Russia’s pernicious targeting of civilian shipping in the Black Sea demonstrates President Putin’s total disregard for civilian lives and the needs of the world’s most vulnerable," Foreign Secretary James Cleverly said. "The world is watching – and we see right through Russia’s cynical attempts to lay blame on Ukraine for their attacks.
"We and our allies stand united against Mr Putin and his attempts to harm Ukraine and thus harm the rest of the world."
The UK has increased support to help the world's poorest to receive grain following Russia’s decision to withdraw from the Black Sea Grain Initiative in July.
The pact had facilitated the safe Black Sea export of grain from Ukraine to the world's poorest countries. "Russia almost certainly wants to avoid openly sinking civilian ships, instead falsely laying blame on Ukraine for any attacks against civilian vessels in the Black Sea," the UK government said.
Russian tactics
"By releasing our assessment of this intelligence, the UK seeks to expose Russia’s tactics to deter any such incident from occurring.
"We are working with Ukraine and other partners to put in place arrangements to improve the safety of shipping. Our advice to British shipping has not changed - the UK’s maritime security level for Ukrainian ports and waters remains at the highest level due to the threat posed by Russia."
It says it has put in place intelligence, surveillance and reconnaissance capabilities to monitor Russian activity in the Black Sea.
"These capabilities will help us to attribute and call out any further Russian attacks on civilian shipping or infrastructure," it said.
"We are committed to ensuring Ukraine can continue to export its agricultural produce through all appropriate routes including its humanitarian corridor, overland and via the Danube.
"The UK will continue to work with Ukraine and a range of international partners to achieve this. At the G20 in September, the Prime Minister announced a further UK contribution of £3m to the World Food Programme to help deliver Ukrainian grain to the world’s poorest, building upon our earlier contributions to President Volodymyr Zelenskyy’s Grain from Ukraine initiative.
"The best way for Russia to address concerns around global food security would be for it withdraw its forces from Ukraine and end the war."
Russia’s latest plans are part of a wider pattern of Russian aggression in the Black Sea which has been escalating since July, it said.
"While the UK and our partners continue to do all we can to ensure Ukraine’s exports reach those who need it most, this pattern of deliberately targeted attacks in the Black Sea by Russia demonstrates President Putin’s willingness to weaponise food and innocent trade at the expense of the rest of the world as they block food from reaching world markets," it said.
400 million people
Since the withdrawal from the Black Sea Grain Initiative, Russia has damaged 130 port infrastructure facilities in Odesa, Chornomorsk and Reni. Almost 300,000 tonnes of grain – more than the total amount Russia promised to donate to African states, and enough to feed over 1.3 million people for a year - has been destroyed.
Before Russia’s invasion, Ukraine was feeding 400 million people worldwide and accounted for 8 to 10 per cent of global wheat exports and 10 to 12 per cent of corn and barley exports.
Ukraine provided over 50 per cent of the wheat for the World Food Programme (WFP) in 2022, the UK warns that without the Black Sea Grain Initiative, the WFP will have to replace it with more expensive or lower quality wheat.
Russia withdrew from the grain agreement in July citing the UN's non-compliance with provisions aimed at easing it's exports of agricultural products and fertiliser.
The specs
Engine: Four electric motors, one at each wheel
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From Conquest to Deportation
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The five pillars of Islam
Avatar: Fire and Ash
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Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana
Rating: 4.5/5
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Who was Alfred Nobel?
The Nobel Prize was created by wealthy Swedish chemist and entrepreneur Alfred Nobel.
- In his will he dictated that the bulk of his estate should be used to fund "prizes to those who, during the preceding year, have conferred the greatest benefit to humankind".
- Nobel is best known as the inventor of dynamite, but also wrote poetry and drama and could speak Russian, French, English and German by the age of 17. The five original prize categories reflect the interests closest to his heart.
- Nobel died in 1896 but it took until 1901, following a legal battle over his will, before the first prizes were awarded.
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The number, in kilograms, that Swarovski’s wedding gown weighed.
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The hours it took to create Cinco’s vermillion petal gown, as seen in his atelier [note, is the one he’s playing with in the corner of a room]
50
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The hours needed to create the butterfly gown worn by Aishwarya Rai to the 2018 Cannes Film Festival.
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The number of followers that Michael Cinco’s Instagram account has garnered.
UAE currency: the story behind the money in your pockets
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
Cry Macho
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Rating:**
THE DETAILS
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Starring: Rajinikanth, Huma Qureshi, Easwari Rao, Nana Patekar
Rating: 1.5/5
Porsche Macan T: The Specs
Engine: 2.0-litre 4-cyl turbo
Power: 265hp from 5,000-6,500rpm
Torque: 400Nm from 1,800-4,500rpm
Transmission: 7-speed dual-clutch auto
Speed: 0-100kph in 6.2sec
Top speed: 232kph
Fuel consumption: 10.7L/100km
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