Former rivals trade fist pumps and whispers as Djokovic-Murray show begins
Saba is not a saviour of UK investment trusts. Look at its own miserable record | Nils Pratley
The great advantage of hostile takeover battles for public companies is that you get a clean punch-up. The records of both parties – bidder and target – are put in the spotlight. Every claim is tested in open argument over many weeks. At the end of the process, shareholders make an informed choice. Voting turnout is usually high because only the most dozy investors fail to notice what’s at stake
Pound slides to fresh 14-month low as stocks fall; rise in UK borrowing costs reverses – as it happened
Some calm has returned to bond markets, with yields – or interest rates – reversing the rises seen earlier in the day.The yield on the 30-year UK government bond is now roughly flat at 5.41%, after rising by 6 basis points this morning to 5.472%, the highest since 1998. The 10-year yield is up just one 1bp at 4
Water shortage fears as Labour’s first AI growth zone sited close to new reservoir
Labour’s first artificial intelligence growth zone will be sited close to the UK’s first new reservoir in 30 years, sparking fears that the AI push will add to the “severe pressure” on water supplies in the area.Keir Starmer announced on Monday that he would hugely increase artificial intelligence capacity and reduce planning restrictions on companies that wanted to build datacentres by setting up “growth zones” with fewer constraints.The first of these will be in Culham, Oxfordshire, only seven miles from a reservoir planned by Thames Water in Abingdon, which was supposed to provide water to people in the severely water-stressed south-east of England. This is the area of the country most at risk of running out of water, according to the Environment Agency. Oxfordshire has faced particular issues, with areas reliant on bottled water during heatwaves
Key takeaways from Keir Starmer’s action plan for AI
The UK government has unveiled a wide-ranging action plan to boost the country’s role in developing and deploying artificial intelligence. The 50 recommendations from the report, written by the tech investor Matt Clifford, have been endorsed by Keir Starmer, who says the technology will drive “incredible change in our country”.Here are the plan’s key points:Ministers want to ensure that the UK is able to produce its own AI models – the technology that underpins tools such as the ChatGPT chatbot. To that end, the plan recommends a 20-fold increase in the amount of AI computing power under public control by 2030. This will include building a brand new “supercomputer” at a location to be decided
Emerson Jones out of Australian Open as Elena Rybakina shows no mercy to 16-year-old
Highly-touted teenager Emerson Jones was given a rude initiation in the first round of the Australian Open as sixth-seed Elena Rybakina dominated their contest on Margaret Court Arena to win 6-1, 6-1 in just 53 minutes.The 16-year-old wildcard held serve early in both sets, but couldn’t stay in touch with her powerful Khazakh opponent, who won almost twice as many points as Jones and reeled off 11 aces.Four of them came consecutively in a barrage during the final game of the first set, where the Australian had streaked to a 0-40 advantage and was hoping to reverse the momentum which to that point had been mostly one way.When it was suggested by on-court interviewer Alicia Molik afterwards that the sequence was rough on a 16-year-old, Rybakina laughed it off. “I lost my concentration and focus, so I was pretty quick to be 0-40, and then I knew that I needed to step up and serve,” she said
Emma Raducanu overcomes serving woes to battle through at Australian Open
Just a few games into Emma Raducanu’s first contest of the new season, it was clear that an uncomfortable day lay ahead. Having been forced to withdraw from her first scheduled tournament, Raducanu arrived at the Australian Open rusty and undercooked. Under the heightened stress of a grand slam first round match, Raducanu’s serve was completely out of control, double faults cascading from her racket.As was the case with Jack Draper on the exact same court less than 24 hours earlier, the end goal for any player in this situation is simple: survive for another day so that there are more opportunities during the tournament to improve. Raducanu showed off her survival instincts by fighting through a self-sabotaging 15 double faults to deliver a hardfought 7-6 (4), 7-6 (2) win over Ekaterina Alexandrova, the 26th seed, in the first round of the Australian Open