Violence and abuse against UK ambulance staff at highest level ever recorded
China ‘may exempt some US goods’ from tariffs; Britain’s energy price cap ‘to fall 9% in July’ in relief for households – 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
Retail sales rise unexpectedly in Great Britain as sunshine lures shoppers
Sunny weather fuelled an unexpected increase in retail sales in Great Britain last month, as shoppers flocked to clothing, outdoor and DIY stores.Retail sales volumes rose 0.4% in March, according to the Office for National Statistics (ONS), defying a forecast of a 0.4% fall by City economists and marking the third straight month of sales growth.The overall 1
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
County cricket day one: Surrey v Somerset, Notts v Sussex, and more – live
Gloucestershire are now 85 for six, a couple of wickets for the lesser-known Green – Ben. Bracey prepares for another rebuild.In the other Division Two game, Lloyd and Came have had a productive morning at the County Ground, the one wicket to fall: Jewell caught off TRJ. Derbys 80 for one.So many familar faces popping in here at The Oval, cricket journalists using it as their base to work from
Mark Allen hits Crucible 147 as Barry Hearn warns venue ‘not fit for purpose’
Mark Allen has made a maximum 147 break at the World Snooker Championship, writing his name into Crucible history – but still faces an uphill battle to avoid elimination in his second-round match with 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, at risk of losing with a session to spare. Wakelin hit breaks of 119, 71 and 75 as Northern Ireland’s Allen 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
Ofcom accused of prioritising interests of tech firms over child safety online
What are the Ofcom measures to protect children online – and will they work?
Ofcom announces new rules for tech firms to keep children safe online
What to do if your phone is lost or stolen: practical steps to restore peace of mind
Meta ‘hastily’ changed moderation policy with little regard to impact, says oversight board
Elon Musk to pull back in Doge role starting May amid 71% dip in Tesla profits