Trump ‘plans to roll back’ some metal tariffs; NatWest hands bankers £495m bonus pot – business live

European markets are subdued this morning – the FTSE 100 is now down very slightly by 0.01%, and the pan-continental Europe Stoxx 600 index is down by 0.34%. That loss is being led by the basic materials sector, which is down 1.43%

Shares in trucking and logistics firms plunge after AI freight tool launch

Shares in trucking and logistics companies have plunged as the sector became the latest to be targeted by investors fearful that new artificial intelligence tools could slash demand.A new tool launched by Algorhythm Holdings, a former maker of in-car karaoke systems turned AI company with a market capitalisation of just $6m (£4.4m), sparked a sell-off on Thursday that made the logistics industry the latest victim of AI jitters that have already rocked listed companies operating in the software and real estate sectors.The announcement about the performance capability of Algorhythm’s SemiCab platform, which it claimed was helping customers scale freight volumes by 300% to 400% without having to increase headcount, sparked an almost 30% surge in the company’s share price on Thursday.However, the impact of the announcement sent the Russell 3000 Trucking Index – which tracks shares in the US trucking sector – down 6

Anthropic raises $30bn in latest round, valuing Claude bot maker at $380bn

Anthropic, the US AI startup behind the Claude chatbot, has raised $30bn (£22bn) in a funding round that more than doubled its valuation to $380bn.The company’s previous funding round in September achieved a value of $183bn, with further improvements in the technology since then spurring even greater investor interest.The fundraising was announced amid a series of stock market moves against industries that face disruption from the latest models, including software, trucking and logistics, wealth management and commercial property services.The funding round, led by the Singapore sovereign wealth fund GIC and the hedge fund Coatue Management, is among the largest private fundraising deals on record.“Anthropic is the clear category leader in enterprise AI,” said Choo Yong Cheen, the chief investment officer of private equity at GIC

How to deal with the “Claude crash”: Relx should keep buying back shares, then buy more | Nils Pratley

As the FTSE 100 index bobs along close to all-time highs, it is easy to miss the quiet share price crash in one corner of the market. It’s got a name – the “Claude crash”, referencing the plug-in legal products added by the AI firm Anthropic to its Claude Cowork office assistant.This launch, or so you would think from the panicked stock market reaction in the past few weeks, marks the moment when the AI revolution rips chunks out of some of the UK’s biggest public companies – those in the dull but successful “data” game, including Relx, the London Stock Exchange Group, Experian, Sage and Informa.Relx, the former Reed Elsevier, whose brands include the Lancet and LexisNexis, is the most intriguing in that list. The company’s description of itself contains at least five words to provoke a yawn – “a global provider of information-based analytics and decision tools for professional and business customers” – but the pre-Claude share price was a thing of wonder

Winter Olympics 2026: Klæbo seals golden treble; Italy’s Passler to compete despite positive test – live

Klaebo is now the joint most decorated Winter Olympian in history! And there are three more chances of gold to come, in the men’s relay, men’s team sprint and 50k marathon.France’s Mathis wins silver, and Einar Hedegart bronze. Britain’s Andrew Musgrave finishes a fantastic sixth, bare arms and all.Men’s ice hockey: A couple of games are underway on the rink. Finland are 2-0 up against their Scandi rivals Sweden, while it’s 0-0 between Italy and Slovakia

Olympic chiefs have got it badly wrong over Heraskevych ban and owe him an apology | Lizzy Yarnold

I’m deeply saddened by the IOC banning skeleton athlete Vladyslav Heraskevych from the Winter Olympics. His helmet depicting images of athletes and children who died in Russia’s invasion of Ukraine, some who he knew personally, was a human display of remembrance. The IOC’s response was not an appropriate one.One only needed to look at the image of Heraskevych’s father when he was told the news of his son’s disqualification – doubled over with his head in his hands – to know the emotional toll. I cannot imagine what they are experiencing but, as both a former athlete and a just a fan watching on, I also feel emotional about it and cried when both Vlad and his dad messaged me on social media to say thank you for my messages of support