UK house prices drop in May; markets brace for US jobs report – business live

Leeds technology firm Filtronic appears to be caught in the crossfire between Elon Musk and Donald Trump.Filtronic, which was founded by Professor David Rhodes, chair of electronic and electrical engineering at Leeds University, designs and manufacturers RF-to-mmWave components. They convert radio frequency signals to higher-frequency millimeter wave signals, which allow faster communication.It has secured several deals with SpaceX in the past, including a $20m tie-up in February to supply parts to its Starlink satellite system.Shares in Filtronic have dropped by 10% this morning, as traders digest Trump’s threat to terminate the governmental subsidies and contracts given to Musk’s businesses

UK house prices fall by more than expected amid economic uncertainty

UK house prices suffered a steeper than expected fall last month and the biggest quarterly drop in value in almost a year, as economic uncertainty continued to affect the property market.The average property price fell by 0.4% month on month in May to £296,648, a much steeper fall than the 0.1% decline City economists had expected.Figures published by Halifax on Friday showed that the cost of a typical UK property has fallen in three of the past four months, with the drop in May following a 0

Australians may soon be able to download iPhone apps from outside Apple App Store under federal proposal

Australians could soon be able to download apps outside the Apple App Store and avoid extra charges on purchases made on the iPhone under a federal government proposal, but the tech company has warned EU-style competition rules for apps risks security and may harm competition.Australian users cannot subscribe to Netflix or Spotify through their iOS apps, while Google charges a premium on YouTube subscriptions through the App Store and Amazon does not let Kindle users buy ebooks through the app.This is due to Apple taking a cut of up to 30% on in-app purchases, which applies to the highest-earning apps. The companies cannot advise customers how to make the purchase elsewhere, under Apple rules.In a paper released last November the government outlined a proposal to “designate” digital platforms like the Apple App Store

Amazon promises fake reviews crackdown after investigation by UK watchdog

Amazon has promised to do a better job policing fake reviews and to crack down on sellers using them to boost product ratings after an investigation by the UK competition watchdog.Ending the scourge of fake reviews is a priority for the Competition and Markets Authority (CMA) due to the influence they have over consumers.About 90% of UK shoppers rely on reviews, with an estimated £23bn a year of spending influenced by crowd-sourced information. Since April, fake reviews have been explicitly banned.Sarah Cardell, the CMA’s chief executive, said the undertakings secured from Amazon meant shoppers could now “make decisions with greater confidence”

Chess: Carlsen targets last classical hurrah at Stavanger after defeat against Gukesh

Magnus Carlsen’s shock loss to Gukesh Dommaraju was the world No 1’s first classical defeat by a classical world champion since he lost to Vishy Anand 15 years ago at the 2010 London Classic. It spoilt what should have been a winning position for him at Stavanger, where he was poised to break clear of the field. There are now suggestions that this will be Carlsen’s farewell appearance in classical. He told Take Take Take: “It’s a long time since I enjoyed a classical tournament.”Meanwhile, though, Carlsen could go out on a high on Friday afternoon when he and Gukesh fight for first prize in the final round at Stavanger (4pm start), with Hikaru Nakamura and Fabiano Caruana also still in contention

Indiana Pacers 111-110 Oklahoma City Thunder: NBA finals Game 1 – as it happened

Before I go, read all about it right here.OK – goodnight, for real this time!Well, Indiana, what can you say? These playoffs, they have left multiple markets breathless with stunning, devastating comebacks, leaving those losers unable to recover over a long series. These were franchise altering losses. Ask the Knicks. Ask the Cavs