Lindsey Vonn’s ‘impossible’ comeback roars on with 2026 Olympics in frame
Bank of England delays rules designed to avoid banking crash by a year
The Bank of England will further delay capital rules meant to prevent another 2008-style crash, as it weighs the impact of Donald Trump’s return to the White House and the chancellor Rachel Reeves’s call for regulators to help drive UK growth.The Bank’s regulatory arm said it was delaying the date by which banks had to implement Basel 3.1 rules by a year, to January 2027.The Bank’s regulator, the Prudential Regulation Authority (PRA), said it made the decision after consulting with the Treasury, and that it had taken “competitive and growth considerations” into account.It marks the third delay by the central bank, which is buying time to see how far the Trump administration will go in watering down regulations
IMF upgrades UK growth forecast and takes swipe at Trump plans
The International Monetary Fund has upgraded its forecast for UK growth this year in an update to its biannual assessment of the global economy, while taking a swipe at plans by Donald Trump’s incoming US administration for the potentially destabilising effect of large-scale tax cuts, import tariffs and weaker regulations.In a fillip to the Labour government, the Washington-based organisation said it expected the UK economy to grow by 1.6% in 2025, up from an earlier forecast of 1.5%.The IMF judged that Labour’s increase in investment spending, improved household finances and a series of interest rate cuts by the Bank of England would give the UK economy a lift this year
EU asks X for internal documents about algorithms as it steps up investigation
The European Commission has asked X to hand over internal documents about its algorithms, as it steps up its investigation into whether Elon Musk’s social media platform has breached EU rules on content moderation.The EU’s executive branch told the company it wanted to see internal documentation about its “recommender system”, which makes content suggestions to users, and any recent changes made to it, by 15 February.X has been under investigation since December 2023 under the EU’s content law – known as the Digital Services Act (DSA) – over how it tackles the spread of illegal content and information manipulation. The company has been accused of manipulating the platform’s systems to give far-right posts and politicians greater visibility over other political groups.The EU has come under growing pressure in recent weeks to take action after a series of interventions by Musk into European politics
Labour’s investment in AI isn’t as clever as it thinks it is | Letters
There are at least three major concerns to raise with the government’s apparent betting the future of the UK on so-called artificial intelligence (‘Mainlined into UK’s veins’: Labour announces huge public rollout of AI, 12 January).The Guardian’s journalism is independent. We will earn a commission if you buy something through an affiliate link. Learn more.First, as Prof Shannon Vallor at the University of Edinburgh has pointed out in her book The AI Mirror, generative AI is not creative; it only looks backward
Emma Raducanu exits Australian Open after defeat to ruthless Iga Swiatek
Over the past few years of professional tennis, the sight of Iga Swiatek annihilating another poor, defenceless opponent has become as sure as the sun will rise. When Swiatek’s game is flowing and her mind is clear, the combined quality of her violent ball-striking, athleticism and unrelenting focus is so great that, at some point or another, she has rendered nearly all of the best players in the world spectators in their own matches.On Saturday afternoon at Melbourne Park, it was Emma Raducanu’s turn to endure the unpleasant experience of entering the Swiatek bakery. Raducanu cut a lonely, solemn figure on one of the biggest tennis stadiums in the world in the face of a supreme Swiatek, who ploughed her way into the fourth round of the Australian Open by winning the final 11 games of her ruthless 6-1, 6-0 win.“I think she played very well, but I also think that I didn’t play very well, so
Lindsey Vonn’s ‘impossible’ comeback roars on with 2026 Olympics in frame
She’s past 40 with a knee made of titanium, but Lindsey Vonn’s comeback is already bucking expectations and crackling with the promise of a fifth Olympic GamesThere’s no denying the nervous apprehension that rippled through the ski racing world after Lindsey Vonn announced her shock comeback in November. She’d walked away nearly six years earlier due to a battered right knee worn down by a string of gruesome crashes and multiple surgeries, no longer able to endure the punishing demands of the circuit. Now she was proposing a return on the wrong side of 40 with a knee made of titanium to a high-risk sport where no woman has ever won a top-flight race past 34 years old.But a funny thing happened on the way to Vonn’s humiliation. In the two months since her unretirement, she’s finished 14th in a super-G at St Moritz, before improving to sixth and fourth in her next two races at St Anton
Seth Meyers on Pete Hegseth’s confirmation hearing: ‘A test to see how loyal Republicans will be’
Simón Bolívar Symphony Orchestra/Dudamel review – epic Mahler is exhilarating but overwhelming
‘The loom has a beauty and rhythm’: textile artist Diedrick Brackens on making poetry out of yarn
‘The ghosts are everywhere’: can the British Museum survive its omni-crisis?
Tony Slattery obituary
Stephen Colbert on Trump’s legal immunity: ‘A president should be bound by the same laws as everyone else’