US food delivery app DoorDash offers to buy UK rival Deliveroo for $3.6bn

DoorDash is offering to buy its UK-based rival Deliveroo for $3.6bn (£2.7bn), Deliveroo said on Friday.Deliveroo said that its board was in talks with DoorDash over the offer and that a firm offer had not been made, according to statement sent to the Guardian. Should a firm offer of £1

Trade war fears hammer US consumer expectations; FTSE 100 in longest winning run since 2019 – as it happened

Ouch! US consumers’ economic expectations have slumped at the fastest rate since the 1990s recession.A closely-watched poll of consumer morale, from the University of Michigan, has found that economic expectations have fallen by a “precipitous” 32% since January, which they say is the biggest three-month drop since the economic downturn 35 years ago.The survy also found that consumer sentiment fell for the fourth straight month in April, plunging 8% from March, driven by a tumble in expectations.The final April sentiment index fell to 52.2 from 57 in March

Microsoft says everyone will be a boss in the future – of AI employees

Microsoft has good news for anyone with corner office ambitions. In the future we’re all going to be bosses – of AI employees.The tech company is predicting the rise of a new kind of business, called a “frontier firm”, where ultimately a human worker directs autonomous artificial intelligence agents to carry out tasks.Everyone, according to Microsoft, will become an agent boss.“As agents increasingly join the workforce, we’ll see the rise of the agent boss: someone who builds, delegates to and manages agents to amplify their impact and take control of their career in the age of AI,” wrote Jared Spataro, a Microsoft executive, in a blogpost this week

Apple ‘aims to source all US iPhones from India’, reducing reliance on China

Apple is reportedly planning to switch assembly of all iPhones for the US market to India as the company seeks to reduce its reliance on a Chinese manufacturing base amid Donald Trump’s trade war.The $3tn (£2.3tn) technology company aims to make the shift as soon as next year, the Financial Times reported.Apple has been swept up in Trump’s aggressive tariff policies, with the iPhone maker at one point among the biggest stock market casualties because of the prospect of its Chinese-made products being hit with a hefty import tax when they reach the US.However, the blow was softened by a White House decision to exclude smartphones from the heaviest Chinese tariffs, although Apple is still exposed to a 20% levy on all Chinese goods as part of the US president’s response to China’s role in producing Fentanyl

Derrick Harmon’s mother dies shortly after learning son selected in NFL draft

Tiffany Saine, the mother of Derrick Harmon, died shortly after learning the Pittsburgh Steelers had selected her son with the 21st pick of the NFL draft.Harmon was visibly emotional as he was picked, and the ESPN broadcast showed a video in which the defensive tackle spoke about his mother’s health issues and paid tribute to the positive effect she had on his life. Saine was on life support when Harmon was selected and the 21-year-old told reporters he was going to see her in hospital after Thursday night’s ceremony.“It was a little bittersweet, man,” Harmon said of the moment he was selected. “My mom wasn’t with me, she’s at the hospital right now on life support, so that was a little bittersweet, because she worked as hard just as me to get to this moment

Mark Allen hits 147 then loses as Barry Hearn warns Crucible ‘not fit for purpose’

Mark Allen wrote his name into Crucible history with a maximum 147 break at the World Snooker Championship – but fell to a 13-6 defeat in his second-round match against Chris Wakelin.Resuming 6-2 behind, Allen endured a nightmare first half of the morning session, losing all four frames to fall 10-2 down and at risk of going out with a session to spare. Wakelin hit breaks of 119, 71 and 75 as his opponent failed to pot a ball for three frames, immediately heading to the practice table at the interval.In the next frame, Allen sank a long red to end his drought and quickly manoeuvred his way to a maximum chance. After potting 15 reds and 15 blacks, the world No 8 almost snookered himself behind the blue, but was able to dispatch the yellow – and a tricky pink – before rolling in the final black to huge cheers