Oil firm Petrofac enters administration, putting 2,000 jobs at risk; Greencore-Bakkavor food giant deal faces UK competition concerns – as it happened

Time to wrap up.Wall Street shares have scaled new all-time highs, as rising expectations of a US-China trade deal encouraged risk-taking by investors, in a week dominated by Big Tech results and a widely-expected Federal Reserve interest rate cut on Wednesday.The tech-heavy Nasdaq rose by 1.6%, the Dow Jones gained 0.5% and the S&P 500 climbed by nearly 1%

RBA governor dismisses jobs fears but hints at rates hold after inflation uptick

The Reserve Bank governor has dismissed warnings of rising unemployment and hinted at an interest rate hold, saying the labour market will not “fall off a cliff”.Michele Bullock said the RBA had been surprised by September’s jump in joblessness and an uptick in inflation but emphasised job creation was slowing broadly as the RBA expected.“There are still jobs being created, just not as many,” Bullock said on Monday night.“We’d always thought [unemployment] would drift up a bit. Maybe it’s drifted up a bit further than we thought, but it’s not a huge amount yet

Ultra-HD televisions not noticeably better for typical viewer, scientists say

Many modern living rooms are now dominated by a huge television, but researchers say there might be little point in plumping for an ultra-high-definition model.Scientists at the University of Cambridge and Meta, the company that owns Facebook, have found that for an average-sized living room a 4K or 8K screen offers no noticeable benefit over a similarly sized 2K screen of the sort often used in computer monitors and laptops. In other words, there is no tangible difference when it comes to how sharp an image appears to our eyes.“At a certain viewing distance, it doesn’t matter how many pixels you add. It’s just, I suppose, wasteful because your eye can’t really detect it,” said Dr Maliha Ashraf, the first author of the study from the University of Cambridge

Apple Watch Ultra 3 review: the biggest and best smartwatch for an iPhone

The biggest, baddest and boldest Apple Watch is back for its third generation, adding a bigger screen, longer battery life and satellite messaging for when lost in the wilderness.The Guardian’s journalism is independent. We will earn a commission if you buy something through an affiliate link. Learn more.The Ultra 3 is Apple’s answer to adventure watches such as Garmin’s Fenix 8 Pro while being a full smartwatch for the iPhone with all the trimmings

Steven Finn: ‘Saying I was not selectable was clumsy language and it damaged me’

In his candid new book, the former England fast bowler talks about the lasting mental turmoil that ended his 2013-14 Ashes tour“I couldn’t get the words out because I was crying,” Steven Finn says as he remembers how, hunched over a microphone, he stared at the last lines he was meant to read aloud for the audio version of his raw and revealing new book. Emotion clogged his throat after he had belonged to three Ashes-winning England squads, while never feeling he fulfilled his immense wicket-taking talent, and having ended up lost and broken on the 2013-14 tour of Australia.Finn tried again but stifled crying choked his reading. He looked up and nodded at the encouraging producer. His mouth almost crumpled but, this time, he got through it

Cheltenham festival switch to Saturday a gamble not worth taking

For the fourth year running, Cheltenham saw an increased attendance at its season-opening Showcase meeting over the weekend, as 31,125 racegoers made their way to the home of jumps racing. The total was a record since what was previously a midweek meeting moved to a Friday/Saturday slot in 2007, while the 21,113 crowd on Saturday was also a record for the second day of the meeting.It was a very positive start, in other words, to Guy Lavender’s first full season as the chief executive at Cheltenham, and the man tasked with turning around the sudden – and still largely unexplained – slump in attendance at the festival meeting over the last three years.Lavender, who joined Jockey Club Racecourses after a seven-year stint as chief executive of the MCC, spent much of Friday and Saturday touring the enclosures to get feedback from spectators on the changes to the customer experience that he has implemented so far, such as the removal of most restrictions on the areas where racegoers can consume alcohol and (small) reductions in the price of a pint.And he was also, perhaps, sounding out early reactions to an idea which was initially floated in the Racing Post last week, that the festival meeting should switch from its current Tuesday-to-Friday slot to a Wednesday-to-Saturday schedule instead