Trump’s new global tariffs kick in at 10%; Bank of England governor says March rate cut ‘open question’ – as it happened

Time to wrap up…Donald Trump’s new global tariffs have taken effect at 10%, even though he had threatened a higher rate of 15% over the weekend, providing “some relief” for British businesses, according to a lobby group.After the US president suffered a defeat at the hands of the supreme court on Friday, which struck down his sweeping “liberation day” tariffs imposed last year, he angrily reacted by announcing a 10% global tariff, which he raised to 15% on Saturday in a post on his social media platform Truth Social.The owner of Facebook has agreed to buy $60bn (£44.5bn) of artificial intelligence chips from the US semiconductor company Advanced Micro Devices despite fears over the vast sums being spent on the AI industry.Meta, which also owns Instagram and WhatsApp, has clinched the five-year deal in which it will also buy 10% of the chip company

US datacenters face slew of problems amid grassroots protests against AI

Cancellations and delays of new US datacenters have increased as the artificial intelligence boom runs up against a slate of issues, including supply chain snags, energy shortages and tariff-induced restraints.Grassroots opposition from local communities has also derailed some plans, and some investors have grown wary of datacenters amid fears of an AI bubble.Dozens of plans for datacenters were killed or delayed in December or January, according to reports from the investment research firm MacroEdge and climate news outlet Heatmap. MacroEdge’s research identified 26 cancellations through January – up from one in October.The complex knot of issues raises questions about the US’s ability to quickly facilitate the datacenter boom

Reddit fined £14.5m in UK over use of under-13s’ data

The UK information regulator has fined the social news service Reddit £14.5m for using the data of children under the age of 13 unlawfully and potentially exposing them to inappropriate and harmful content.The hefty punishment from the Information Commissioner’s Office (ICO) is the largest fine yet for a breach of children’s privacy and comes after the US-based company introduced age checks in July, including age verification to access mature content. Prior to this, the ICO said, there were “a large number of children under 13 on the platform and Reddit did not have a lawful basis for processing their personal information”.Reddit asks users to declare their age when opening an account but the ICO said relying on self-declaration presented risks to children as it was easy to bypass

‘A feedback loop with no brake’: how an AI doomsday report shook US markets

US stock markets have been hit by a further wave of AI jitters, this time from yet another viral – and completely speculative – warning about the impact of the technology on the world’s largest economy.The latest foreboding is from Citrini Research, a little-known US firm that provides insights on “transformative ‘megatrends’”. Its post on Substack, which it called a “scenario, not a prediction”, rattled investors by portraying a near future in which autonomous AI systems – or agents – upend the entire US economy, from jobs to markets and mortgages.Citrini’s scenario begins now and ends in June 2028, with US unemployment cresting over 10% and an Occupy Silicon Valley movement setting up camp outside OpenAI and Anthropic’s offices. In the interim, a series of events triggered by the widespread use of AI agents guts software companies and ripples outwards, hitting private credit and mortgages, and leading to an unchecked downward spiral

England edge past Pakistan: T20 Cricket World Cup Super 8s – as it happened

The pull goes to the fence for four and that completes a fine performance from England, their best of the tournament so far.Aha, here’s Simon Burnton’s match report……which means we’re done here. Thanks all for your company and comments; peace out.Brook, giving a second interview, says he was moved up the order because they wanted to make more of the powerplay and he goes after it. He’d been thinking about it for a while, not just for internationals but franchise cricket too, and when Baz said “Pakistan are your team,” he was up for it

Harry Brook’s 50-ball century blazes England past Pakistan into T20 World Cup semi-finals

For all their faults and frailties, their fluffs and fumbles, England are also the first team to secure a place in the World Cup semi-finals, their spot secured by victory over Pakistan and by the sensational Harry Brook century that drove them towards it.After coming in just one ball into the innings and watching the rest of England’s top five falter, England’s captain transformed a crisis into what, for all that a couple of late wickets got the nerves jangling, became something approaching a cruise.Brook fell to the last ball of the 17th over, the first after he had completed his century off his 50th delivery. Several Pakistan players ran towards him to shake his hand as he left the field, and soon they were shaking hands again: having come to the crease, promoted for the first time to No 3, before England had even taken a nibble into their target of 165, Brook departed with them needing 10 off 18. Though Will Jacks and Jamie Overton both fell in the penultimate over to give Pakistan the faintest sniff of renewed hope, England got there with five remaining to win by two wickets