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The London consensus is a timely challenge to Trump’s isolationism | Phillip Inman

What replaces neoliberal capitalism is a question at the forefront of Donald Trump’s mind every day.The US president has never much liked those elements of the Washington consensus that celebrate free markets and liberal trade, as we have come to see in both his presidencies.Trump can happily accept the neoliberal agenda when it means privatising government agencies and commonly held assets. He is enthusiastic about deregulation and handing the private sector all the freedom it needs to exploit workers and resources to boost profits.But what Trump’s America First agenda cannot live with is tariff-free trade

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‘It’s brutal, they feel very attacked’: budget uncertainty hits Southampton boat show

“What would happen if red wine got on that?” It is a common enough question when perusing a carpet store. But, as it happens, the same query crops up when shopping for a yacht. “Oh, you’d never get it off that decking,” the other half of a young couple replies as they size up one of the £2m triple-decker yachts moored at the recent Southampton international boat show.Top boat manufacturers descended on the port city from across Europe to show off bigger, better and bolder yachts than ever before, as well as lines of smaller sailing and motor boats. But the show, once a must-attend of the season alongside exhibitions in Cannes and Monaco, has shrunk by about 30% this year, according to some vendors’ estimates

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Nexperia halts chip supplies to China in threat to global car production

Nexperia, the EU-based automotive chipmaker at the centre of a geopolitical dispute, has suspended supplies to its Chinese factory, stepping up a trade war that threatens to halt production at carmakers around the world.The company wrote to customers this week informing them all supplies to a Chinese plant had been suspended.In September, the Netherlands used national security laws to take control of the chipmaker, citing concerns that its Chinese owner, Wingtech Technologies, was planning to shift intellectual property to another company it owned. The Dutch government said that threatened the future of European chip capacity, and removed the Wingtech chairman, Zhang Xuezheng, as chief executive.China responded by halting exports from all Nexperia’s factories in China, prompting warnings this week that the embargo would force production lines at EU car factories to close within days

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JP Morgan warned US of $1bn in Epstein transactions possibly related to human trafficking

JP Morgan warned the US government about more than $1bn in transactions linked to Jeffrey Epstein that were possibly related to reports of human trafficking, new documents confirm.The largest bank in the US filed a suspicious activity report (SAR) in 2019, just weeks after Epstein was found dead in a New York jail cell, about transactions linked to the paedophile financier and prominent business figures. It also flagged wire transfers made by Epstein to Russian banks.JP Morgan’s report said it had flagged about 4,700 transactions, totalling more than $1bn, that were potentially related to reports of human trafficking involving Epstein, the New York Times reported. The report, filed during the last Trump administration, also flagged sensitivities around Epstein’s “relationships with two U

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Ministers’ claims to have helped JLR in doubt as £1.5bn support left untouched

Jaguar Land Rover has not drawn down any of a £1.5bn loan facility guaranteed by the government, with suppliers expressing anger over ministers’ claims to have supported the carmaker’s supply chain after a crippling hack.Britain’s biggest automotive employer was forced to shut down all of its wholly owned factories from 1 September for more than a month, after cyber-attackers compromised key computer systems.Liam Byrne, the Labour MP who heads of parliament’s business select committee, on Friday wrote to the business secretary, Peter Kyle, asking for clarification as to whether any money had reached JLR, and if the aid was requested by the carmaker.Suppliers to JLR have privately expressed anger about the government’s messaging, which appeared to take credit for helping them

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Amazon shares surge as AI boom fuels cloud growth; Nvidia boss says selling chips in China is Trump’s call – as it happened

Time to recap.Amazon is leading the charge in the US stock market today, with its shares surging by about 11% after its third quarter earnings beat expectations last night.The tech giant reported a 20% surge in sales at its cloud computing division, Amazon Web Services, to $33bn thanks to demand for computing power for artificial intelligence.In the UK, the tinned tuna maker Princes Group has kicked off a float with a valuation of nearly £1.2bn in a boost for the London stock market

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Victims robbed of £4bn in ‘insulting’ car loan redress scheme, say claims firms

Victims of the car loans scandal could miss out on more than £4bn in compensation if the City regulator ploughs ahead with plans for an “insulting” interest rate in its redress scheme, consumer groups and claims firms say.The Financial Conduct Authority (FCA) has been accused of offering a reduced rate of interest which will be added to compensation from banks for borrowers caught up in the car loan commissions scandal.Claims law firms and consumer groups say borrowers should be offered the same terms as Marcus Johnson: the sole driver whose case was upheld by the supreme court in a landmark case in August.While the terms of the final payout are sealed, Johnson is widely believed by industry experts to have received about 7% interest on his compensation package, after judges ordered the parties to negotiate a “commercial rate”. But the watchdog has proposed a rate of 2

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Delivery firm DPD accused of ‘revenge’ sacking drivers who criticised pay cuts

The delivery firm DPD has been accused of “revenge” sackings after workers spoke out against a plan to cut thousands of pounds from their earnings, including their Christmas bonus.The company, which reported pre-tax profits of nearly £200m last year and plays a significant role in the festive rush to have gifts and parcels delivered, has even threatened to withhold money from some staff to pay for the cost of replacing them, the Guardian has learned.DPD confirmed it had dismissed workers after an estimated 1,500 self-employed drivers chose not to take on any work for a three-day period in protest at the plans.It emerged earlier this month that the company had told workers it planned to cut 65p from the rate it pays for most of its deliveries on 29 September.Drivers said the cut, which came to as much as £25 a day, and the loss of a £500 Christmas bonus, was likely to add up to more than £6,000 a year for each worker – and as much as £8,000 for those who take on a lot more deliveries over Christmas

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Knee-jerk corporate responses to data leaks protect brands like Qantas — but consumers are getting screwed

It’s become the playbook for big Australian companies that have customer data stolen in a cyber-attack: call in the lawyers and get a court to block anyone from accessing it.Qantas ran it after suffering a major cybersecurity attack that accessed the frequent flyer details of 5 million customers.The airline joined the long list of companies in Australia, dating back to the HWL Ebsworth breach in 2023, to go to the New South Wals supreme court to obtain an injunction against “persons unknown” – banning the hackers (and anyone else) from accessing or using the data under threat of prosecution.Of course, it didn’t stop hackers leaking the customer data on the dark web a few months later.But it might have come as a surprise when the ID protection company Equifax this month began alerting Qantas customers that their data had been leaked – since access to the data was supposedly banned

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Ducking annoying: why has iPhone’s autocorrect function gone haywire?

Don’t worry, you’re not going mad.If you feel the autocorrect on your iPhone has gone haywire recently – inexplicably correcting words such as “come” to “coke” and “winter” to “w Inter” – then you are not the only one.Judging by comments online, hundreds of internet sleuths feel the same way, with some fearing it will never be solved.Apple released its latest operating system, iOS 26, in September. About a month later, conspiracy theories abound, and a video purporting to show an iPhone keyboard changing a user’s spelling of the word “thumb” to “thjmb” has racked up more than 9m views

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Saracens Women enjoy World Cup bounce with record crowd for derby

If fans had been told at the start of the day to predict which Canada international would be the star of the Premiership Women’s Rugby London derby, most would have picked out Sophie de Goede. The versatile world player of the year is in incredible form, after her starring role in Canada’s run to the Rugby World Cup final just over a month ago, but she did not have the chance to live up to those hypothetical expectations as she failed a fitness test a few hours before kick-off.Such is the Canadian presence at Saracens, though, that another Canuck stood out, with the wing Alysha Corrigan at the heart of the north London club winning 47-10 against Harlequins in this fierce rivalry in front of a record 3,733 spectators.Corrigan produced not only two skilful tries but she was also able to beat several defenders throughout the encounter and had defensive prowess which marked her out at a sunny but cold StoneX Stadium. Canadian flair was on display throughout, with Olivia Apps also an electric presence and Laetitia Royer impressing on her debut

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Coco Gauff’s serving troubles return in WTA Finals defeat against Pegula

Coco Gauff’s serving woes followed her into the final week of the season, as the American’s title defence at the WTA Finals in Riyadh began with a bruising 6-3, 6-7 (4), 6-2 loss to her compatriot Jessica Pegula in their first match of the group stages.Despite fighting hard and remaining competitive until the end, the third seed simply could not overcome her 17 double faults against an in-form Pegula, the fifth seed, who maintained her composure after getting pulled into a final set by her struggling opponent, and saved her best level for the closing stretch of the match.Pegula’s victory could prove to be an important win in the Stefanie Graf group, with Aryna Sabalenka looming and favoured to advance. Earlier on Sunday, the world No 1 opened her tournament with a confident 6-3, 6-1 win over Jasmine Paolini, the eighth seed. The victory was Sabalenka’s 60th of the season, the first time she has achieved this milestone