Trump ‘plans to roll back’ some metal tariffs; US inflation weaker than expected in January - business live

Time to wrap up…US inflation moderated in January to 2.4%, an easing after Donald Trump’s tariffs triggered price fluctuations last year.Prices rose 0.2% from December to January, according to data released by the US Bureau of Labor Statistics on Friday measuring the consumer price index (CPI), which measures the price of a basket of goods and services. Core CPI, which strips out the volatile food and energy industries, went up 0

Penalty notice: Euro Car Parks fined £473,000 for ignoring regulator

Euro Car Parks is infamous for dishing out fines but the private parking company has been hit with an almost £475,000 penalty of its own after it failed to hand over information to a regulator.The Competition and Markets Authority (CMA) said it had imposed a £473,000 fine after the company did not respond for three months to seven requests for information, including by registered post, email and hand-delivered letter.It is the first time the CMA has issued a penalty under the new fining powers it was given in 2024.The regulator sends out “information notices” to companies when deciding whether to open an investigation, and businesses have a legal obligation to comply.The CMA said Euro Car Parks, which provides payment systems in car parks, only responded after it raised the spectre of a fine

Elon Musk’s xAI faces second lawsuit over toxic pollutants from datacenter

Elon Musk’s artificial intelligence company xAI is facing a second lawsuit alleging it is illegally emitting toxic pollutants from its enormous datacenters, which house its supercomputers and run the chatbot Grok.The new pending suit alleges xAI is violating the Clean Air Act and was filed Friday by the storied civil rights group the NAACP. The group’s 40-page notice of intent to sue alleges xAI has been polluting Black communities near its facility in Southaven, Mississippi. The pollution comes from more than a dozen portable methane gas generators that xAI set up without permits, the notice alleges.The NAACP’s first notice of intent to sue was filed last June and involves similar allegations regarding the company’s datacenter in Memphis, Tennessee

AI is indeed coming – but there is also evidence to allay investor fears

The message from investors to the software, wealth management, legal services and logistics industries this month has been clear: AI is coming for your business.The release of new, ever more powerful AI tools has coincided with a stock market slide, which has swept up sectors as diverse as drug distribution, commercial property and price comparison sites. Advances in the technology are giving increasing credulity to predictions that it could render millions of white-collar jobs obsolete – or, at least, eat into the profits of established companies.Carl Benedikt Frey, the author of How Progress Ends and an associate professor of AI and work at the University of Oxford, says investors are reassessing the value of companies that rely heavily on selling software or specialist knowledge.“AI turns once-scarce expertise into output that’s cheaper, faster, and increasingly comparable, which compresses margins long before whole jobs disappear

Six Nations: Storming Scotland stun England to seal Calcutta Cup glory

Certain wins feel bigger than others and, for Scotland, this result will reverberate for ages. Reclaiming the Calcutta Cup is always sweet but convincingly ending England’s 12-Test unbeaten record was a glorious bonus. For Gregor Townsend and his side, under pressure after their opening round defeat in Rome, this was some riposte to their criticsUltimately, it was not even close. Two tries by Huw Jones, a hard-nosed collective effort from the Scottish pack and a typically artful display from Finn Russell were simply too much for an England team who had dared to believe this week that their previous tartan traumas were behind them. Instead, they were outplayed and tactically out-thought by Townsend and his coaching staff and have now won just two of the past nine meetings between the nations

Scotland 31-20 England: Six Nations player ratings from Murrayfield

Tom Jordan Solid under high ball, did his bit in a cohesive attacking display from Gregor Townsend’s fluent backline. 7Kyle Steyn Profound threat with powerful, direct running – and he kept coming all game. Quite a contrast between his scintillating performance and Henry Arundell’s. 9 Player of the matchHuw Jones Ran the length for decisive try after George Ford was charged down. Confident early finish helped establish home supremacy