Childhood toxin exposure ‘may be factor in bowel cancer rise in under-50s’
China ‘may exempt some US goods’ from tariffs; British retail sales beat forecasts – business live
Good morning, and welcome to our rolling coverage of business, the financial markets and the world economy.Hope is swirling this morning that China might relax some of the tariffs it has imposed on US goods as part of Donald Trump’s trade wars.With the economic costs of the tit-for-tat trade war hurting Chinese companies, Beijing appears to be seeking to mitigate the economic fallout from the conflict.According to Bloomberg, this means China’s government is considering suspending its 125% tariff on some US imports – a sign that policymakers are worried about the damage caused by its trade war with Washington.Bloomberg say:Authorities are considering removing the additional levies for medical equipment and some industrial chemicals like ethane, the people said, asking not to be identified discussing private deliberations
Drax needs a better policeman
Even government ministers sounded embarrassed in February when they threw yet more subsidies at Drax, recipient of £6.5bn to date, to keep its wood-burning power plant open until 2031. Few people think the biomass industry can survive in the long term unless as-yet-untested carbon capture technology can be installed.But the bizarre business of importing wood pellets from the US and Canada for incineration in North Yorkshire was given an extension because the UK’s power system, now more reliant on wind and solar generation, also needs firm “dispatchable” power that can be turned on and off in a hurry.At least Drax would have a “much more limited role” in future, explained the energy minister Michael Shanks, and 100% – not 70% as in the past – of the “woody biomass” would have to come from sustainable sources
Elon Musk’s xAI accused of pollution over Memphis supercomputer
Elon Musk’s artificial intelligence company is stirring controversy in Memphis, Tennessee. That’s where he’s building a massive supercomputer to power his company xAI. Community residents and environmental activists say that since the supercomputer was fired up last summer it has become one of the biggest air polluters in the county. But some local officials have championed the billionaire, saying he’s investing in Memphis.The first public hearing with the health department is scheduled for Friday, where county officials will hear from all sides of the debate
Google reports strong earnings amid DoJ antitrust lawsuits and Trump tariffs
Google’s parent company Alphabet reported strong first quarter earnings on Thursday, despite being embroiled in antitrust lawsuits brought by the US government and seeing a 17% drop in its stock price since the beginning of the year. This is the company’s first earnings report since Donald Trump levied tariffs on trade partners around the world.Despite the upheaval for Alphabet, it exceeded Wall Street’s expectations, reporting revenue of $90.23bn, up 12% since the same time last year, and $2.81 in earnings per share
Chess: Carlsen scores record nine out of nine at Grenke Freestyle Open
Magnus Carlsen, the world No 1, soared to a new landmark in chess history last weekend, when the 34-year-old won all his nine games in the Grenke Freestyle Open at Karlsruhe, Germany.It was a result comparable to the great historical performances. Bobby Fischer won the 1963-64 US Championship with an 11/11 “picket fence”, then defeated both Mark Taimanov and Bent Larsen by 6-0 in the 1971 Candidates. Anatoly Karpov triumphed at Linares 1994 with a 11-2 total, while further back the yardstick performance was Alexander Alekhine’s 14-1 at San Remo 1930.However, Fide does not officially rate Freestyle chess, in which the back rank pieces have randomised starting positions
NFL draft 2025: Jaguars trade up to get Travis Hunter as teams pass on Shedeur Sanders – as it happened
Reminder of the first five picks:1. Tennessee: Cam Ward, QB, Miami 2. Jacksonville: Travis Hunter, CB/WR, Colorado 3. NY Giants: Abdul Carter, EDGE, Penn State 4. New England: Will Campbell, OT, LSU 5
Jimmy Kimmel on the pope’s death: ‘Now we know JD Vance is bad at praying, too’
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Celebrities pay tribute to Pope Francis: ‘Thank you for being an ally’
Post your questions for Nigel Havers
Arts Council England a victim of ‘London-centric’ media coverage, CEO says
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