Glencore and Rio Tinto are at it again – and it seems the markets smell action

Here we go again. A combination of Rio Tinto and Glencore has been talked about for years and the duo held aborted negotiations at the end of 2024. With the global mining industry in deal-making mode – frenzies come along every 15 years or so – the idea of RioGlen or GlenTinto was due another whirl. On Friday, the two FTSE 100 companies said they were in “preliminary discussions” about a “possible combination of some or all of their businesses”. A full-blown tie-up would be worth about $260bn (£120bn), including debt

US economy added fewer jobs than forecast in December, but January interest rate cut very unlikely – as it happened

Newsflash: The US economy added fewer jobs than expected last month.America’s non-farm payroll rose by 50,000 in December, missing forecasts of a 60,000 rise.Employment continued to trend up in food services and drinking places, health care, and social assistance, the Bureau of Labor Statistics reports, while retail trade lost jobs.That shows a hiring slowdown, compared with the previous month; the BLS now estimates that 56,000 jobs were created in November, 8,000 fewer than its first estimate of 64,000.Time to wrap up!Hiring held firm in the US last month, official data showed, amid uncertainty over the strength and direction of the world’s largest economy

No 10 condemns ‘insulting’ move by X to restrict Grok AI image tool

Downing Street has condemned the move by X to restrict its AI image creation tool to paying subscribers as insulting, saying it simply made the ability to generate explicit and unlawful images a premium service.There has been widespread anger after the image tool for Grok, the AI element of X, was used to manipulate thousands of images of women and sometimes children to remove their clothing or put them in sexual positions.Grok announced in a post on X, which is owned by Elon Musk, that the ability to generate and edit images would be “limited to paying subscribers”. Those who pay have to provide personal details, meaning they could be identified if the function was misused.Asked about the change, a Downing Street spokesperson said it was unacceptable

X UK revenues drop nearly 60% in a year as content concerns spook advertisers

UK revenues at Elon Musk’s X fell by almost 60% in a year as advertisers pulled their spending over concerns about the social media platform’s content.News of the plummeting financial performance comes after X switched off the image creation function on its AI tool Grok for the vast majority of users after a widespread outcry about its use to create sexually explicit and violent imagery.In the UK, the social media site recorded a 58.3% fall in revenues from £69.1m in 2023 to £28

NFL wildcard weekend predictions: Allen can carry Bills – if he can handle the pressure

The NFL playoffs kick off with ground-game battles, QB duels and a high-stakes edition of the Packers v Bears rivalryWhat the Rams need to do to win Hold on to the ball. Across five regular-season defeats, Matthew Stafford gave the ball away seven times with six interceptions and a fumble. In the Rams’ worst loss of the season, to the Panthers in November, Stafford held his team back from taking a commanding lead with two picks in the first quarter. Keep it tight.What the Panthers need to do to win The Panthers are massive underdogs but hold an advantage in the vital experience of having already upset the Rams

Ashes 2025-26: our writers’ end-of-series England v Australia awards

Brainless moments, moral victories and tough lessons were abundant during a series that still provided plenty of dramaPlayer of the series Travis Head was the boxing kangaroo at the top of the Australia order. But this one goes to the other animal on the baggy green crest, Mitchell Starc bounding in like an emu, slicing through England during the live bit, and playing all five to finish with 31 wickets at 19 apiece. Elite.Best moment The old guard on both sides have done their thing plenty of times before, so this one goes to Jacob Bethell’s maiden Test century at the SCG. The style, the poise and the family looking on in bits made it poetry and cinema in one