‘There are no winners’: global companies respond to Trump tariffs

Donald Trump’s sweeping tariffs will upend global trade, adding costs and delays to businesses around the world and threatening a recession.The Guardian spoke to eight businesses about the impact.On the Italian island of Sardinia, makers of pecorino, the hard, salty sheep’s milk cheese, were digesting news of Trump’s tariffs. Up to 70% of their product is exported to the US.“We need to understand it better and wait and see if they really mean 20%, but obviously it has created some imbalance,” says Salvatore Pala, president of OP Unione Pastori, an association representing the island’s sheep and goat farmers

Global markets in turmoil as Trump tariffs wipe $2.5tn off Wall Street

Global financial markets have been plunged into turmoil as Donald Trump’s escalating trade war knocked trillions of dollars off the value of the world’s biggest companies and heightened fears of a US recession.As world leaders reacted to the US president’s “liberation day” tariff policies demolishing the international trading order, about $2.5tn (£1.9tn) was wiped off Wall Street and share prices in other financial centres across the globe.Experts said Trump’s sweeping border taxes of between 10% and 50% on the US’s traditional allies and enemies alike had dramatically added to the risk of a steep global downturn and a recession in the world’s biggest economy

Don’t weaken online safety laws for UK-US trade deal, campaigners urge

Child safety campaigners have warned the government against watering down landmark online laws as part of a UK-US trade deal, describing the prospect of a compromise as an “appalling sellout” that would be rejected by voters.A draft transatlantic trade agreement contains commitments to review enforcement of the Online Safety Act, according to a report on Thursday, amid White House concerns the legislation poses a threat to free speech.The Molly Rose Foundation, a charity established by the family of Molly Russell, a British teenager who took her own life after viewing harmful online content, said it was “dismayed and appalled” at the prospect of the act being a bargaining chip in a deal.The MRF said it had written to the business secretary, Jonathan Reynolds, outlining its concerns and urging him “not to continue with an appalling sellout of children’s safety”.The commitment to review enforcement of the OSA and another tech-focused piece of legislation – the Digital Markets, Competition and Consumers Act – was reported by the online newsletter Playbook, which said the legislation would undergo a review of how it is implemented and not a “do-over”

Floppy disks and vaccine cards: exhibition tells tale of privacy rights in UK

Forty years ago, it would take a four-drawer filing cabinet to store 10,000 documents. You would need 736 floppy disks to hold those same files; now it takes up no physical space at all to store 10,000 documents on the cloud.As data storage has evolved, so too has the whole information landscape, and with it the challenges of storing, transferring and appropriately using people’s personal data.An exhibition by the Information Commissioner’s Office (ICO), which opened at Manchester Central Library this week, charts the evolution of data privacy through 40 items, each chosen to illustrate how access to information has evolved, or how data has been at the heart of some of the biggest news events of the past four decades.“I think the wonderful thing about the exhibition is that the world that we occupy, like any specialty, is filled with jargon and technicalities,” the information commissioner, John Edwards, said

A Trump acolyte, a rival billionaire and a power struggle: how civil war erupted in Australian basketball | Jack Snape

Soon-to-be US ambassador to New Zealand and Samoa Jared Novelly is leading NBL clubs in a messy dispute that could reshape the sportDonald Trump’s appointment as the next ambassador for New Zealand and Samoa, who is also a Republican political donor and the son of a St Louis oil baron, has emerged as the catalyst in the battle for control of one of the world’s top basketball leagues.It is a story of international athletic A-listers, a controversial property development and high-net-worth individuals with pockets billions of dollars deep. But most of all it is about whether professional basketball in Australia can be viable, and whose vision may prove it so.Jared Novelly, owner of Australian National Basketball League (NBL) club the Illawarra Hawks, is a respected sports investor. The son of Apex Oil owner Paul “Tony” Novelly, who died in February, is leading a group of aggrieved team owners against the NBL and the man who purchased the competition a decade ago, Larry Kestelman

Henman Hill to get shelter under fresh Wimbledon expansion plans

Different generations of tennis fans may disagree on its name – to traditionalists it will always be Henman Hill, millennials probably plump for Murray Mound and gen Z may know it as Raducanu Rise or even, regrettably, Jack’s Stack – but all ages can agree that bringing a little shelter to Wimbledon’s most famous viewing area can only be a good thing.Wimbledon’s Hill – which since 1997 has allowed tennis fans with a grounds pass to watch the action on No 1 Court live atop its grassy knoll – is getting a makeover, the All England Lawn and Tennis Club (AELTC) has announced.A multimillion-pound development, due to be finished in time for the 2027 championships, will boost the Hill’s capacity by 20% and improve accessibility for wheelchair users. Plans include a new pergola – and there is little Wimbledon likes more than a pergola – which will provide a space for more hanging plants to provide shade and protection from British summer rain.The pergola, which will replace the structure at the top of the Hill, will wrap around the area’s 150-year-old oak tree while the AELTC hopes to make the area more environmentally sustainable by replacing tarmac paths with permeable resin