Stock markets rally and US dollar dips after supreme court rules against Trump’s sweeping tariffs; Hat-trick of good UK economic news – as it happened

Stock market investors are welcoming the supreme court’s rejection of Donald Trump’s global tariffs.The Dow Jones industrial average, of 30 large US companies, is up 0.3% or 138 points at 49,533 points, having dipped slightly in early trading before the ruling was announced.The S&P 500 share index, which had opened flat, is now up 0.32%

Brighter UK economy gives Reeves a springboard for March statement

The economic backdrop to Rachel Reeves’s upcoming spring statement appeared to brighten on Friday after a trio of reports painted a better-than-expected picture of the UK economy.Record monthly public finances, a surge in retail spending and accelerating business activity offered the most coherent picture of recovery since last autumn, economists said, and provided the chancellor with a more positive narrative before her 3 March statement.“It’s been a hat-trick of good economics news for once for the UK,” said Sandra Horsfield, a senior economist at Investec bank. “We had a disappointing end to last year, but as things look, we may be starting 2026 on a much brighter note.”Public sector finances posted their biggest monthly budget surplus since records began in 1993, of £30

Amazon’s cloud ‘hit by two outages caused by AI tools last year’

Amazon’s huge cloud computing arm reportedly experienced at least two outages caused by its own artificial intelligence tools, raising questions about the company’s embrace of AI as it lays off human employees.A 13-hour interruption to Amazon Web Services’ (AWS) operations in December was caused by an AI agent, Kiro, autonomously choosing to “delete and then recreate” a part of its environment, the Financial Times reported.AWS, which provides vital infrastructure for much of the internet, suffered several outages last year.One incident, in October, downed dozens of sites for hours and prompted discussion over the concentration of online services on infrastructure owned by a few massive companies. AWS has won 189 UK government contracts worth £1

‘It’s survival of the fittest’: the UK kebab chain seeking an edge with robot slicers

They are already packing our groceries and delivering shopping. Now robots are coming to the kebab shop, alongside self-service screens and loyalty apps, as takeaways look for ways to tackle rising costs.German Doner Kebab (GDK), a perhaps surprisingly British-owned chain that has been springing up across the country, has turned to technology to keep its fast food business buzzing in the face of rising costs and tough times on the high street.With households cooking at home more often to save money, and restaurants facing increases in energy bills, business rates, national insurance and hourly pay, profits are under pressure despite rising prices at the till.“It is survival of the fittest,” says Simon Wallis, the CEO of the brand, which operates via dozens of franchise partners running 155 outlets in the UK and nearly 40 more overseas including in the US, Dubai, Ireland and Sweden

Constitution Hill could switch to Flat full-time after triumphant debut

The mercurial career of Constitution Hill took a dramatic upward turn on Friday as the 2023 Champion Hurdle winner turned his belated Flat debut into a procession up the Southwell straight, coming home nine and a half lengths clear of the runner-up, with Oisin Murphy, the champion jockey, motionless in his saddle.Even those closest to Constitution Hill were left astonished by his performance, which may make it increasingly likely that the champion jumping horse who had famously forgotten how to jump will now switch to racing on the Flat full-time.“I couldn’t have dreamed that one up, I must admit,” Nicky Henderson, the nine-year-old’s trainer, said. “We probably should have sorted this about four years ago, shouldn’t we? It’s nice to be back with positive vibes, we’ve got lots to look forward to and lots of decisions to make.“One thought this would tell us roughly what we would do and this does open up a lot of doors, doesn’t it? We have to think long and hard

USA and Canada to meet in Olympic men’s ice hockey gold medal game

The United States and Canada men’s ice hockey teams will play for the gold medal on Sunday’s final day of the Milano Cortina Games after both teams came through semi-final contests of varying difficulty on Friday evening, setting up a blockbuster final in the first Olympic tournament to feature National Hockey League players in 12 years.Canada left things late in the first game, fighting back from two goals down to win 3-2 over Finland on Nathan MacKinnon’s winner with 35.2 seconds remaining. The US made far lighter work of Slovakia in the nightcap to set up the heavyweight clash, strolling to a 6-2 win after Jack Hughes and Jack Eichel scored in a 19-second span during the second period to blow things open, ensuring the Americans no worse than silver and their first men’s hockey medal in 16 years.“When we started this journey last summer and got together for an orientation camp, our goal was to be in the gold medal game,” Eichel said