Software sell-off over AI fears hits global stock markets, but FTSE 100 finishes at closing high on £8bn insurance takeover – as it happened

And finally, the UK’s blue-chip share index has ended the day at a new closing high.The FTSE 100 has closed 87.75 points higher at 10,402 points, as investors continue to move into old-economy stocks as AI fears hit the software sector.Gambling firm Entain (+10.4%) was the top riser, followed by services firm DSS (+7

Chinese carmaker Chery to launch fourth brand in UK

The Chinese carmaker Chery is launching a fourth brand in the UK, continuing a push into the British market where it has rapidly become a major player.The state-owned company said on Wednesday it would sell cars under the Lepas brand, which is developing battery and hybrid SUVs aimed at younger families, mainly in the European market.The decision to add a fourth brand in the UK underlines Chery’s efforts to win market share. The Lepas cars will be built initially in China and imported to the UK, which does not have the tariffs imposed by the US and EU, but the government is hopeful it will eventually decide to manufacture cars in Britain.Jaguar Land Rover, Britain’s largest automotive employer, is in early-stage discussions over a potential deal to use its factories to make Chery cars but no agreement has been announced

Pinterest sacks two engineers for creating software to identify fired workers

Pinterest has fired two engineers who created a software tool to identify which workers had lost their jobs in a recent round of cuts and then shared the information, according to reports.The digital pinboard business announced significant job cuts earlier this month, with the chief executive, Bill Ready, telling staff he was “doubling down on an AI-forward approach”, according to a LinkedIn post by a former employee.Pinterest, which is based in San Francisco and has an office in London, said the cuts would affect about 15% of its workforce, or about 700 people, but did not specify which teams or staff members would be affected.Two engineers at the company then wrote code to identify sacked staff.A spokesperson for Pinterest said: “Two engineers wrote custom scripts improperly accessing confidential company information to identify the locations and names of all dismissed employees and then shared it more broadly

Fairphone 6 review: cheaper, repairable and longer-lasting Android

The Dutch ethical smartphone brand Fairphone is back with its six-generation Android, aiming to make its repairable phone more modern, modular, affordable and desirable, with screw-in accessories and a user-replaceable battery.The Guardian’s journalism is independent. We will earn a commission if you buy something through an affiliate link. Learn more.The Fairphone 6 costs £499 (€599), making it cheaper than previous models and pitting it squarely against budget champs such as the Google Pixel 9a and the Nothing Phone 3a Pro, while being repairable at home with long-term software support and a five-year warranty

Tell us your all-time favourite moments from the Winter Olympics

With the Winter Olympic Games underway, we would like to hear about the moments from the games that stayed with you, and why. Was there a particular athlete who entertained you? Or an event that inspired you? Tell us your favourite ever moment from the Winter Olympics and why.You can tell us about your favourite ever Winter Olympics moment using this form.Please include as much detail as possible. Please note, the maximum file size is 5

Top seats for Nations Championship’s ‘Glastonbury of Rugby’ at Twickenham to cost £280

Top-end tickets for the inaugural Nations Championship final at Twickenham will cost £280 as part of a weekend billed as the “Glastonbury of Rugby”, the Guardian can reveal.The climax of the new 12-team competition, which will be held every two years and replaces traditional tours, will be held at Twickenham at the end of November with two matches on Friday, two on Saturday and two on Sunday.The six Tests pit the sixth-place finisher in the northern hemisphere pool against the sixth in the southern hemisphere pool, the fifth against the fifth and so on, culminating in the first against the first. Friday will host the 6 v 6 and 3 v 3 fixtures, Saturday the 5 v 5 and 2 v 2 matches and Sunday the 4 v 4 and 1 v 1 finals.Spectators will be “buying blind” because it is unlikely the identity of the teams contesting the finals will be known until the weekend before, with results from three July Tests and three regular fixtures in November determining the standings