
UK housebuilding in deepest slump since 2020 lockdowns; Warner Bros rejects ‘inferior’ $108bn Paramount hostile bid – as it happened
Newsflash: Britain’s construction sector continued to shrink in December, as housing, commercial and civil engineering activity suffered sharp falls again.Data provider S&P Global has reported that activity across the UK construction sector, and new orders, both fell again last month.Housebuilding and commercial construction work both decreased at the fastest rate since May 2020, when the Covid-19 lockdown forced building sites to close, S&P Global’s survey of purchasing managers at UK construction firms shows.That highlights the government’s struggle to hit its housebuilding targets.Civil engineering was the weakest-performing category of construction activity in December; it also shrank, but not by as much as in November

Venezuela to continue supplying oil to US ‘indefinitely’, White House says
The US plans to control Venezuela’s oil sales “indefinitely” after laying claim to 50m barrels of blockaded crude and seizing a Russian oil tanker linked to the South American country.The White House already plans to sell up to $3bn (£2.2bn) worth of Venezuelan crude stranded in tankers and storage facilities into the oversupplied global market after the American military’s capture of Nicolás Maduro.It confirmed on Wednesday that it also planned to retain control of all sales of future crude production from Venezuela’s vast oil reserves. The US energy secretary, Chris Wright, said the US would take payment for the oil and use the proceeds “to benefit the Venezuelan people”

Elon Musk’s xAI announces it has raised $20bn amid backlash over Grok deepfakes
Elon Musk’s artificial intelligence company has raised $20bn in its latest funding round, the startup announced Tuesday, even as its marquee chatbot Grok faces backlash over generating sexualized, nonconsensual images of women and underage girls.xAI’s Series E funding round featured big-name investors, including Nvidia, Fidelity Management and Resource Company, Qatar’s sovereign wealth fund, and Valor Equity Partners – the private investment firm of Musk’s longtime friend and former Doge member Antonio Gracias. The funding round exceeded its initial $15bn target, according to xAI’s press release. The company touted Grok’s image-generation abilities in the announcement of its latest funding round.xAI lacks the prominence of its rival OpenAI, the maker of ChatGPT, and has continually drawn criticism for generating misinformation, antisemitic content and now potentially illegal sexual material

AI consciousness is a red herring in the safety debate | Letters
The concern expressed by Yoshua Bengio that advanced AI systems might one day resist being shut down deserves careful consideration (AI showing signs of self-preservation and humans should be ready to pull plug, says pioneer, 30 December). But treating such behaviour as evidence of consciousness is dangerous: it encourages anthropomorphism and distracts from the human design and governance choices that actually determine AI behaviour.Many systems can protect their continued operation. A laptop’s low-battery warning is a form of self-preservation in this sense, yet no one takes it as evidence that the laptop wants to live: the behaviour is purely instrumental, without experience or awareness. Linking self-preservation to consciousness reflects a human tendency to ascribe intentions and feelings to artefacts and not any intrinsic consciousness

Former Bengals and Texas receiver Jordan Shipley severely burned in ranch accident
Former Texas star and NFL receiver Jordan Shipley is being treated in hospital after suffering severe burns in an accident on his ranch near his home town of Burnet, Texas.According to a statement from his family, Shipley was operating a machine when it caught fire. Although the 40-year-old was able to free himself from the machine “it was not before sustaining severe burns on his body in the process,” read the statement. “He was able to get to one of his workers on the ranch who drove him to a local hospital. He was then care-flighted to Austin, where he remains in critical but stable condition

Injured Stokes to spend final day of Ashes tour watching from SCG pavilion
Ben Stokes is set to spend the final day of this Ashes tour watching on from the old pavilion at the SCG and hoping for a miracle in his absence after seeing yet another Test series cut short by injury.The all-rounder had worked hard to get through all five Tests in Australia only to fall at the final hurdle, limping off 10 balls into his opening spell on the fourth morning in apparent distress. An England spokesperson later confirmed it was an issue with his right abductor (groin).Stokes did bat later in the day, emerging at No 8 but falling for one after struggling to move at the crease. The upshot is that when England come to defend a target on the final day – their lead was 119 overnight, eight wickets down – they will do so without their seam-bowling captain

‘We’re in limbo’: the garden centre ‘golden mile’ that may be lost to a new town

Surprise dip in inflation a lightbulb moment – but RBA unlikely to deliver interest rate bargains | Greg Jericho

UK construction hit by worst run since global financial crisis

FCA fines two former Carillion directors for misleading investors before collapse

Australia Post apologises for losing Aboriginal artist’s painting worth $4,000

The FTSE at 10,000: a missed opportunity for some marketing razzmatazz | Nils Pratley
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