Elon Musk’s xAI accused of pollution over Memphis supercomputer
US food delivery app DoorDash offers to buy UK rival Deliveroo for $3.6bn
DoorDash is offering to buy its UK-based rival Deliveroo for $3.6bn (£2.7bn), Deliveroo said on Friday.Deliveroo said that its board was in talks with DoorDash over the offer and that a firm offer had not been made, according to statement sent to the Guardian. Should a firm offer of £1
Trade war fears hammer US consumer expectations; FTSE 100 in longest winning run since 2019 – as it happened
Ouch! US consumers’ economic expectations have slumped at the fastest rate since the 1990s recession.A closely-watched poll of consumer morale, from the University of Michigan, has found that economic expectations have fallen by a “precipitous” 32% since January, which they say is the biggest three-month drop since the economic downturn 35 years ago.The survy also found that consumer sentiment fell for the fourth straight month in April, plunging 8% from March, driven by a tumble in expectations.The final April sentiment index fell to 52.2 from 57 in March
Stunned resignation and foreboding: a week in Trump’s shadow at IMF
Kristalina Georgieva’s favourite film, the International Monetary Fund boss told the audience at a packed panel event in Washington on Thursday, is Tom Hanks’s cold war romp Bridge of Spies.In one of the stranger digressions in a frequently strange week, Georgieva recalled the moment when Hanks’s character, a US lawyer, tells the Soviet spy he has been appointed to defend that he will probably be executed. “You don’t seem alarmed,” Hanks says to him; to which the spy – played by Mark Rylance – replies, “Would it help?”Georgieva mentioned the vignette to underline the fact that this week’s spring meetings of the IMF and World Bank were not swept up in panic, despite the mayhem emanating from the Trump administration.Instead, the reaction to the uncertainty of many of the hundreds of policymakers present has been a kind of stunned resignation.Trump was barely mentioned by name at the scores of public events where policymakers chewed over how to respond to the challenges thrown up by his chaotic tariffs
Reeves holds ‘positive and upbeat’ trade talks with Bessent
Rachel Reeves discussed what she called a “prosperity deal” with the US treasury secretary, Scott Bessent, in a meeting her team claimed was “upbeat and positive” on Friday.“Today I met with Scott Bessent to discuss the UK-US economic prosperity deal and our goal of reaching an agreement that is in both our national interests,” Reeves said, after meeting the treasury secretary.The UK has been negotiating hard in the hope of securing exemptions from some of Donald Trump’s harshest tariffs, including the 25% levy on car imports, but Reeves left Washington without being able to claim any tangible progress.The US has made fresh demands in recent days, including calling for tariffs on car imports to the UK to be cut; and the chancellor was forced to concede earlier in the week that she was “not going to rush a deal”.UK Treasury sources said trade negotiators from the two countries would continue to work hard on a deal
Marks & Spencer pauses online orders as firm struggles with cyber-attack fallout
Marks & Spencer has halted all orders through its website and apps as the retailer continues to battle the fallout from a cyber-attack that began on Monday.The company apologised to shoppers for “this inconvenience” and paused digital orders “as part of our proactive management of a cyber incident”.“Our experienced team – supported by leading cyber experts – is working extremely hard to restart online and app shopping,” it said.The retailer said shoppers could continue to browse online and shop in its physical stores using cash or card.The website closure comes after several days of problems in stores where contactless payments and the collection of online orders were hit from Monday
Vinterior: meet the boss who quit finance to set up a thriving vintage furniture site
Vinterior may not have any showrooms or shops, but the home of the founder and chief executive, Sandrine Zhang Ferron, has plenty of finds from the classy secondhand furnishings site – from quirky vases to a vintage drinks cabinet.Zhang Ferron, who was born in China but grew up in France, readily admits that she created the site for herself, ditching her well-paid job in finance, after struggling to find interesting pieces to furnish her London home after a move to the UK.“I realised I don’t want to do that for the rest of my life, you know, helping rich people getting richer,” she says, speaking to the Guardian at her home with her cat Misifu – a male British Blue – mooching around.“I spent literally three months finding my yellow Poul Volther chair, which I eventually bought in a small shop in Hackney.“You know, it can be fun, but also, if you’ve got to buy a lot, it can be like, ‘I just don’t have time for this
Taking over the family business? Expect less Hallmark, more stress
Coal delivery arrives to keep Scunthorpe steel plant working for months
Goodbye, Skype. I’ll never forget you
‘I didn’t eat or sleep’: a Meta moderator on his breakdown after seeing beheadings and child abuse
County cricket: Surrey sink Somerset, Notts beat Sussex on day three – live
Carlton prove their mettle to show there is light at the end of the tunnel | Jonathan Horn