US manufacturers hurt by Trump trade war; pound near three-year high against dollar – as it happened

Oof! Economic activity in the US manufacturing sector contracted in May for the third consecutive month, as factories were hit by a slump in export orders.In a sign of the economic damage caused by Donald Trump’s trade war, US manufacturers have reported that new orders, and backlogs of work, fell last month, while production and employment levels contracted.That’s according to the latest poll of purchasing managers by the Institute of Supply Management (ISM), which shows that US manufacturing activity slipped further into contraction last month.Worryingly, 57% of the sector’s gross domestic product (GDP) contracted in May, up from 41% in April, the ISM say.Several firms surveyed by the ISM reported that trade war turmoil is causing disruption

Gina Rinehart helped Liberals raise nearly $400,000 at exclusive dinner that led to wrongful dismissal claim

Mining magnate Gina Rinehart helped the Liberal party raise almost $400,000 at an exclusive dinner on the eve of the federal election campaign, the event’s organiser has revealed, but fallout from the function has left the party embroiled in a public dispute.Donors paid up to $25,000 to hear Rinehart speak at the 26 March dinner in Melbourne, which has been described as “the party’s most successful event in more than five years”.Sign up for Guardian Australia’s breaking news emailThe private dinner’s revenue was disclosed by its organiser, Nadine Jones, in a wrongful dismissal claim related to the event that was submitted to the Fair Work Commission. At the time of the dinner, Jones was working as the executive director of the Victorian Liberals’ fundraising arm, Enterprise Victoria.The Fair Work Commission dispute comes as the party deals with ongoing public fallout from Moira Deeming’s successful defamation case against John Pesutto, which could see the former Victorian Liberal leader bankrupted and disqualified from parliament if he is unable to pay $2

Facebook and Instagram owner Meta to enable AI ad creation by end of next year

The owner of Facebook and Instagram is to help advertisers to fully create and target campaigns using artificial intelligence tools by the end of next year, in a move that sent shock waves through the traditional marketing industry.Mark Zuckerberg’s Meta, which also owns WhatsApp, aims to directly target brands’ marketing budgets, posing a threat to the advertising and media agencies that handle client campaigns and budgets.The AI tools under development, first reported by the Wall Street Journal, will allow brands using Meta’s advertising platform to create ads using a product image and a planned marketing spend.Meta’s platform already offers some AI tools that allow advertisers to tweak existing ads before they appear on Facebook and Instagram.However, the new tools could disintermediate the traditional advertising creation, planning and buying roles played by agencies, as well as open up a long tail of advertisers with small budgets that cannot afford to retain marketing services companies

‘Humanity deserves better’: iPhone designer on new partnership with OpenAI

The designer of the iPhone has promised his next artificial intelligence-enabled device will be driven by a sense that “humanity deserves better”, after admitting feeling “responsibility” for some of the negative consequences of modern technology.Sir Jony Ive said his new partnership with OpenAI, the company behind ChatGPT, would renew his optimism about technology, amid widespread concerns about the impact of smartphones and social media.In an interview with the Financial Times, London-born Ive declined to give details about the device he is developing with OpenAI, but indicated unease about people’s relationship with some tech products.“Many of us would say we have an uneasy relationship with technology at the moment,” he said. He added that the device’s design would be driven by “a sense of ‘we deserve better

French Open: Bublik stuns Draper, Djokovic sees off Norrie – as it happened

Time to sign off, I’ll leave you with Tumaini Carayol’s report from Roland-Garros. Au revoir.Jack Draper’s exit means that British interest in the French Open singles is over. Look, we made it into the second week, didn’t we? Draper came up against an opponent playing some unbelievable stuff today, but in that final service game, there were moments he passed up to stay in the game.Those are the kind of chances that the very best players take – and it could have swung the game back in his favour

Jack Draper stunned by Alexander Bublik in four-set defeat at French Open

With his presence at the French Open hanging desperately in the balance, Jack Draper stepped up to the baseline, down two sets to one, hoping he would begin the new set with a clean slate to initiate his resurgence. Instead, he could only watch on helplessly as his opponent threaded four outlandish winners to break his serve to love.It was that kind of evening for Draper, the fifth seed in Paris, who was thoroughly outplayed by a stupendous performance from the unseeded Alexander Bublik. The Kazakhstani held his nerve in front of an ­ebullient Court Suzanne Lenglen crowd to close out an immense 5-7, 6-3, 6-2, 6-4 win and reach a grand slam quarter-final for the first time in his career.Instead of a tough, attritional battle with Alex de Minaur, the ­highest‑ranked seed in his section, Draper found himself against the enigmatic 27-year-old, who dramatically toppled De Minaur from two sets down in the second round