Markets brace for US jobs data as White House acknowledges ICE effects; Heineken to cut 6,000 roles – business live

Good morning, and welcome to our rolling coverage of business, the financial markets and the world economy.It’s non-farm payrolls day! The eagerly-awaited US jobs report is out today, and the White House has been trying to moderate expectations.Peter Navarro, senior counselor for trade and manufacturing to Donald Trump, was speaking on Fox News last night.We have to revise our expectations down significantly for what a monthly job number should look like. When we were letting in 2 million illegal aliens a day we had to produce 200,000 [jobs] a month for steady stay

Activist investor Elliott builds up stake in London Stock Exchange Group

The activist investor Elliott Management has built up a “significant” stake in the London Stock Exchange Group (LSEG) and is engaging with the company to drive its performance at a time of reduced listings and concerns about disruption from artificial intelligence.Elliott’s exact shareholding in LSEG was unclear; the Financial Times, which first reported the stake, added that the fund had been in talks with LSEG to help it work on improvement, encourage the group to consider a fresh share buyback and to try to narrow the gap with its rivals.Shares in LSEG climbed by as much as 6% in early trading on Wednesday before falling back slightly.LSEG is best known for operating the London Stock Exchange but in recent times has moved away from its traditional stock market activities and now derives almost half of its revenues from its data and analytics arm after its 2020 takeover of the financial data provider Refinitiv.The company’s share price has declined steadily over the past year, amid investor concerns that its income will be squeezed by AI disruption at a time of growing competition

The big AI job swap: why white-collar workers are ditching their careers

As AI job losses rise in the professional sector, many are switching to more traditional trades. But how do they feel about accepting lower pay – and, in some cases, giving up their vocation?California-based Jacqueline Bowman had been dead set on becoming a writer since she was a child. At 14 she got her first internship at her local newspaper, and later she studied journalism at university. Though she hadn’t been able to make a full-time living from her favourite pastime – fiction writing – post-university, she consistently got writing work (mostly content marketing, some journalism) and went freelance full-time when she was 26. Sure, content marketing wasn’t exactly the dream, but she was writing every day, and it was paying the bills – she was happy enough

Will the Gulf’s push for its own AI succeed?

Hello, and welcome to TechScape. Today in tech, we’re discussing the Persian Gulf countries making a play for sovereignty over their own artificial intelligence in response to an unstable United States. That, and US tech giants’ plans to spend more than $600bn this year alone.I spent most of last week in Doha at the Web Summit Qatar, the Gulf’s new version of the popular annual tech conference. One theme stood out among the speeches I watched and the conversations I had: sovereignty

Australia v Ireland: T20 World Cup cricket – live

5th over: Ireland 28-4 (Tucker 8, Delany 0) It’s a wicket maiden from Nathan Ellis. A masterclass of T20 bowling - slower balls, short balls, cutters and full and fast. He has 3-5 from his two overs!Another one to Ellis! He goes full pace this time and a bit of extra bounce sees Calitz get an under edge and chop onto the stumps. Ireland are in pieces.4th over: Ireland 27-3 (Tucker 8, Calitz 2) Tucker climbs into a length ball from Kuhnemann and deposits down the ground for SIX

Winter Olympics 2026: Franjo von Allmen takes Super G title for third gold of Games – live

Half-pipe: Liu Jiayu, who was in contention for making the final 12, had a horrible fall towards the end of her run, and had to be taken off the course on a stretcher.Another gold for the unstoppable von Allmen, who becomes the fourth skier to win three gold medals at one Winter Olympics, with silver for America’s Cochran-Siegle, and bronze for Marco Odermatt.A lovely story about von Allmen. After his dad died when he was 17, his village crowd-funded his ski-ing career. Now, on his Olympic debut, downhill, team-combined and Super G golds