Trump nominates Kevin Warsh as next Fed chair; eurozone economy keeps growing – business live

The identity of the next person to run America’s central bank – and face firm pressure from Donald Trump to cut interest rates – could be revealed today.President Trump told reporters last night that he would announce a successor to Federal Reserve Chair Jerome Powell on Friday morningTrump hinted that it would be “somebody that could have been there a few years ago ... I think it’s going to be a very good choice

Donald Trump nominates Kevin Warsh as chair of Federal Reserve

Donald Trump has announced Kevin Warsh as his nomination for the next chair of the Federal Reserve.Writing on his Truth Social platform, the president said: “I have known Kevin for a long period of time, and have no doubt that he will go down as one of the GREAT Fed Chairmen, maybe the best.”The move ends months of speculation about who Trump would pick to replace Jerome Powell as head of the US central bank, amid an extraordinary attempt by the president to influence policymaking by repeatedly calling for rate cuts.Warsh, 55, a former Federal Reserve governor who has deep ties to Wall Street, had previously interviewed for the job of chair in 2017 when the role went to Powell, whose term ends in May.Warsh has given past warnings of inflation risks in the US, although has more recently echoed the president’s criticism of the Fed for being too slow to cut interest rates

AI-generated news should carry ‘nutrition’ labels, thinktank says

AI-generated news should carry “nutrition” labels and tech companies must pay publishers for the content they use, according to a left-of-centre thinktank, amid rising use of the technology as a source for current affairs.The Institute for Public Policy Research (IPPR) said AI firms were rapidly emerging as the new “gatekeepers” of the internet and intervention was needed to create a healthy AI news environment.It recommended standardised labels for AI-generated news, showing what information had been used to create those answers, including peer-reviewed studies and articles from professional news organisations. It also urged the establishment of a licensing regime in the UK allowing publishers to negotiate with tech companies over the use of their content in AI news.“If AI companies are going to profit from journalism and shape what the public sees, they must be required to pay fairly for the news they use and operate under clear rules that protect plurality, trust and the long-term future of independent journalism,” said Roa Powell, senior research fellow at IPPR and the report’s co-author

Apple reports massive spike in iPhone revenue, particularly in China

Apple released its first quarter earnings on Thursday, exceeding Wall Street’s expectations and seeing its revenue skyrocket 16% from the same time last year.“Apple is proud to report a remarkable, record-breaking quarter, with revenue of $143.8bn,” Tim Cook, the company’s CEO, said in a statement. “iPhone had its best-ever quarter driven by unprecedented demand, with all-time records across every geographic segment.”The tech titan’s reported revenue went far beyond analyst’s forecasts of $138

Novak Djokovic v Jannik Sinner: Australian Open 2026 semi-final – live

Third set: *Djokovic 3-6, 6-2, 0-1 Sinner (*next server)A few more struggles for Sinner on serve in the second set, but he gets through this one with little trouble. Blink and you’ll miss it.Hello, it’s like the boys get the briefing today about the need for a bit of drama. Djokovic, who has nipped off court for a quick ‘outfit change’, is keeping Sinner waiting ahead of the third set. Sinner to serve

Alexander Zverev fumes over Alcaraz’s timeout for cramp in semi-final thriller

A weary Alexander Zverev described the decision to allow a medical timeout for a cramping Carlos Alcaraz in their epic Australian Open semi-final as “bullshit”, but didn’t want the matter to take the focus off the quality of Friday’s memorable encounter.The German failed to capitalise on breaks in the second and fifth sets, as the world No 1 rallied from his physical ailments to win 6-4, 7-6 (5), 6-7 (3), 6-7 (4) 7-5 in five hours and 27 minutes.Tournament rules allow medical timeouts for injuries but not muscle cramps. However, the decision is left to the attending physio and doctor.Alcaraz clutched at the inside of his right groin late in the third set and was moving gingerly – indicating either cramp or a more severe injury – and was allowed a medical timeout after seeking attention from the physio