How to make spring rolls – recipe | Felicity Cloake's Masterclass
Ofcom delivers relief for Royal Mail at snail’s pace – too late to stop Czech takeover | Nils Pratley
What if Ofcom had cut Royal Mail some slack half a decade ago? What if the universal service obligation (USO), the requirement on the postal operator to deliver nationwide six days a week at a uniform price, had been tweaked before letter volumes fully fell off the cliff?Would Royal Mail’s finances have been in better shape? Would Daniel Křetínský, AKA the Czech Sphinx, not have had an opening to make his £3.6bn takeover bid while the share price was on the floor? Or, if he had pounced, would the board of the International Distribution Services(IDS), the parent, have put up a stiffer fight?We’ll never know, and it’s too late to revisit the takeover tale because Křetínský’s EP Group will be in charge by the spring once the last regulatory boxes are ticked. But one can still wonder how events might have played out differently if Ofcom had got its act together earlier. That is because two features stand out in Thursday’s final proposal. First, the changes are modest
European Central Bank cuts interest rates to support growth as eurozone economy stagnates - as it happened
The European Central Bank did nothing to direct investors away from the consensus view that it plans to ease interest rates further over the course of 2024. It announced fifth cut in seven months on Thursday.President Christine Lagarde said that ECB policy is still “restrictive”, meaning it is bearing down on growth and inflation. Much of the discussion in the press conference revolved around the “neutral rate” at which monetary policy neither stimulates nor restricts growth. Lagarde suggested that any esimates of that were “premature”, suggesting that the bank has further to go in cutting rates
Get ahead of the tech curve: aim for Hangzhou, not Silicon Valley | Brief letters
Rachel Reeves is behind the tech curve in proposing to create “Europe’s Silicon Valley” (Report, 28 January). She should surely be considering an equivalent of Hangzhou, home of DeepSeek, the company that knocked $1tn off the value of US tech stocks in a day.John LoweryLondon A “spectacular” vertebra has been “found online” (Report, 28 January). Given the recent changes to Meta, I doubt it was Mark Zuckerberg’s.Dr Jonathan J RossSheffield What’s it like to start your holiday in the airport bar (G2, 22 January)? I fancy myself as a Joan Collins-style traveller, so I have a tiny bottle of champagne from the trolley on the plane (to follow the free whisky samples I drank in departures)
SoftBank ‘in talks’ to invest up to $25bn in OpenAI
The Japanese investment group SoftBank is reportedly in talks to invest up to $25bn (£20bn) in OpenAI in a deal that would make it the biggest financial backer of the startup behind ChatGPT.The lender is considering putting a sum of between $15bn and $25bn into the San Francisco-based company, according to the Financial Times.SoftBank, whose other investments include the TikTok parent, ByteDance, and the British chip designer Arm, is already an investor in OpenAI and recently backed a funding round that valued the company at $157bn. Microsoft, currently OpenAI’s biggest shareholder, also joined that roundLast week OpenAI and SoftBank teamed up with Oracle to form Stargate, which Donald Trump called “the largest AI infrastructure project in history”. The partnership aims to build datacentres for AI systems, with an initial spend of $100bn
Ravens kicker Justin Tucker accused of sexual misconduct by massage therapists
Baltimore Ravens kicker Justin Tucker has been accused of inappropriate sexual behavior towards a number of massage therapists, according to the Baltimore Banner.The Banner spoke to six massage therapists at four spas and wellness centers around the Baltimore area. The accusations include claims that Tucker exposed his genitals, brushed some of the therapists with his penis and left ejaculate on treatment tables. Two spas allegedly banned Tucker from returning. One therapist who spoke to the Banner described Tucker’s alleged behaviour as “really degrading”
World champion Russian pair and US skaters were onboard crashed plane
The figure skating world united in grief after it emerged as many as 14 skaters and coaches, including two 16-year-olds and a married pair of world champions, were onboard the American airlines plane that crashed into the Potomac river in Washington DC on Wednesday night.Flight 5342 collided with a US army helicopter as it prepared to land at Reagan Washington International Airport, leaving more than 60 people believed to be dead. The Skating Club of Boston said six of its members had been on the plane, which had been bringing them back from a development camp that followed the US national figure skating championships in Wichita, Kansas.It named the skaters Jinna Han and Spencer Lane, both aged 16, along with Han’s mother, Jin Han, and Lane’s mother, Molly Lane. A story on Lane’s Instagram account, posted on Wednesday evening, showed the view from an aeroplane window captioned by the airport codes ICT and DCA, corresponding to the journey in question
British-Egyptian dissident mulls giving up citizenship over failure to be released
We survived Rachel Reeves’s ‘exciting plans’, but newts and bats may not | John Crace
Reeves’s growth plans ‘exactly what economy needs’ say UK business groups – as it happened
Will Rachel Reeves’s plan for economic growth work?
Two Tory donors pay £25,000 to attend Reform fundraising dinner
Animal spirits: Labour want to unleash them – but what do they actually mean?