It had to be Shane Warne: the Ashes Elvis had an aura that eclipsed all others | Barney Ronay


Global markets fall after tech sell-off and fears over Chinese economy
Global markets have fallen after a tech sell-off that fuelled Wall Street’s worst day in a month and weak economic data from China showed an unprecedented slump in investment.The FTSE 100 fell by 1.1% on opening, losing about 100 points, as bellwether banking stocks tumbled. Barclays, Lloyds and NatWest slumped by between 3% and 3.5%

US markets struggle amid tech sell-off and economic uncertainty
Wall Street came under pressure on Thursday, enduring its worst day in a month as a sell-off of technology stocks intensified.After an extraordinary rally around hopes for artificial intelligence that propelled global stock markets to record highs, fears that tech firms are now overvalued loom large.Investors are also braced for the release of a batch of official data on the state of the US economy, amid heightened uncertainty over its strength during the federal government shutdown.The benchmark S&P 500 and the Dow Jones industrial average each closed down 1.7% in New York on Thursday, while the tech-focused Nasdaq Composite dropped 2

EU investigates Google over ‘demotion’ of commercial content from news media
The EU has opened an investigation into Google Search over concerns the US tech company has been “demoting” commercial content from news media sites.The bloc’s executive arm announced the move after monitoring found that certain content created with advertisers and sponsors was being given such a low priority by Google that it was in effect no longer visible in search results.European Commission officials said this potentially unfair “loss of visibility and of revenue” to media owners could be a result of an anti-spam policy Google operates.Under the rules of the Digital Market Act (DMA), which governs competition in the tech sectors, Google must apply “fair, reasonable and non-discriminatory conditions of access to publishers’ websites on Google Search”.Commission officials said the investigation was not into the overall indexing of newspapers or their reporting on Google Search, just into commercial content provided by third parties

Anthropic announces $50bn plan for datacenter construction in US
Artificial intelligence company Anthropic announced a $50bn investment in computing infrastructure on Wednesday that will include new datacenters in Texas and New York.“We’re getting closer to AI that can accelerate scientific discovery and help solve complex problems in ways that weren’t possible before,” Anthropic’s CEO, Dario Amodei, said in a press release.Building the massive information warehouses takes an average of two years in the US and requires copious amounts of energy to fuel the facilities. The company, maker of the AI chatbot Claude, popular with businesses adopting AI, said in a statement that the “scale of this investment is necessary to meet the growing demand for Claude from hundreds of thousands of businesses while keeping our research at the frontier”. Anthropic said its projects will create about 800 permanent jobs and 2,400 construction jobs

Bomb squads on stacked benches are making it even more crucial to control rugby’s aerial battle | Ugo Monye
Rugby union is a sport of trends and of unintended consequences and what I expect to be the two most decisive factors in England’s clash with the All Blacks on Saturday are inextricably linked. Much has been made of England’s firepower on their bench – New Zealand’s isn’t bad either – and when coaches are able to call upon such quality replacements, often en masse, then the kicking battle becomes all the more important.Because the international game is not currently as fluid as it has been. That isn’t necessarily a criticism, it’s just the way things are at present; a little bit like the Premier League where set pieces and long throws are dominating. Of course we would all love to see flowing, attacking rugby but it’s really difficult because all elite sides favour having 13 or 14 men in the line, they all seem to adopt a blitz defence and the sheer level of physicality means it can be hard to have possession

From conscience to platforming Trump: inside the slow death of ‘woke’ ESPN
“What happened to the Redskins, by the way?” Donald Trump asked in an interview on the Pat McAfee Show that notably did not stick to sports. His call-in appearance on Tuesday’s program to mark Veterans Day was meant to be a major coup for ESPN, the first time Trump had been interviewed on the network as a sitting president. But viewers could have just as easily been mistaken into believing they were watching Fox News.Trump took his usual shots at Joe Biden, claimed credit for the Department for Veteran Affairs’ high approval ratings and declared victory over the Democrats in a government shut down that dragged on for a depressing 43 days. Rather than push back against the political self-promotion, McAfee cheered Trump on before opening the floor to his lackeys to ask him which NFL coach would make a great president

Atom is prematurely split in the ‘golden age’ transatlantic partnership | Nils Pratley

Ineos to cut hundreds of jobs as carmaker struggles with debts

‘Whatever it takes’: Starbucks workers launch US strike and call for boycott

UK exports to US hit lowest level since January 2022 as tariffs bite, and economy shrinks – as it happened

Liberty Steel being investigated in Romania for embezzlement

Scotland plans to issue £1.5bn of its own bonds – ‘kilts’ rather than gilts