China accuses US of ‘seriously violating’ trade war truce – business live
Posted on Monday June 02, 2025

Rolling coverage of the latest economic and financial newsThe euro has now hit its highest level against the US dollar since late April, as trade war jitters hit the foreign exchange markets.The single currency hit $1.1436 this morning, a five-week high, up almost a cent.The flip-flopping on trade policy looks set to continue and it appears the uncertainty this creates does not bother President Trump at all. That is likely to give investors the reason to renew selling of the US dollar.The DXY index is back below the 99-level today and within 1% of the intra-day low on 21st April. Certainly if the Trump-Xi meeting goes badly or if it doesn’t take place at all, that low-point for the dollar could well be breached this week, taking us to levels not seen since March 2022.“An increase in steel import duties in the USA to 50% should prompt the EU Commission to accelerate its efforts to implement the measures under the Steel and Metals Action Plan.” Continue reading...

Read more...

Vodafone vows to invest more than £1bn in a year as it seals Three UK merger
Posted on Monday June 02, 2025

Telecoms groups’ £16.5bn tie-up will create largest mobile network in UK with more than 27 million subscribersBusiness live – latest updatesVodafone has promised to invest more than £1bn in expanding its network coverage in the next year, as it sealed a £16.5bn merger with its former mobile rival Three UK.The new business, named VodafoneThree, will invest £11bn in its coverage over the next decade, in line with commitments agreed with the UK competition regulator last year. It will invest £1.3bn in capital expenditure projects in its first year, the company said on Monday. Continue reading...

Read more...

Starling pays out fivefold bonus sum despite FCA fine and Covid loan errors
Posted on Sunday June 01, 2025

Staff get £24.6m after year in which bank was penalised for ‘shockingly lax’ controls and profits fell 25% to £223mStarling Bank has handed its staff an almost fivefold increase in bonus pay despite an embarrassing regulatory fine and losses on government-backed Covid loans that the digital lender has blamed on its own weak controls.The digital-only challenger bank paid out £24.6m in bonuses for the 2024-25 financial year, compared with £5.3m a year earlier. Continue reading...

Read more...

More than half of top 100 mental health TikToks contain misinformation, study finds
Posted on Saturday May 31, 2025

Guardian investigation reveals promotion of dubious advice, questionable supplements and quick-fix healing methodsWhat is the most common mental health misinformation on TikTok?More than half of all the top trending videos offering mental health advice on TikTok contain misinformation, a Guardian investigation has found.People are increasingly turning to social media for mental health support, yet research has revealed that many influencers are peddling misinformation, including misused therapeutic language, “quick fix” solutions and false claims. Continue reading...

Read more...

US lawyer sanctioned after being caught using ChatGPT for court brief
Posted on Saturday May 31, 2025

Richard Bednar apologized after Utah appeals court discovered false citations, including one nonexistent caseThe Utah court of appeals has sanctioned a lawyer after he was discovered to have used ChatGPT for a filing he made in which he referenced a nonexistent court case.Earlier this week, the Utah court of appeals made the decision to sanction Richard Bednar over claims that he filed a brief that included false citations. Continue reading...

Read more...

Simon Yates rides away with prize of Giro d’Italia while rivals lose the plot | William Fotheringham
Posted on Monday June 02, 2025

Del Toro and Carapaz became distracted by each other, allowing the Lancastrian to claim a second Grand TourThe Mexican standoff is a much-loved cinematic device, but the stalemate beloved of western movie script writers has rarely, if ever, decided one of cycling’s Grand Tours. The 2025 Giro d’Italia was the exception, appositely as the biggest loser was an actual Mexican, Isaac del Toro, with the unassuming Lancastrian Simon Yates the two-wheeled equivalent of the bandit who skips off with the loot, while two other bandits – in this case Richard Carapaz and Del Toro – stare each other down waiting for the other man to blink.Yates’s second career Grand Tour win, forged on the Colle delle Finestre on Saturday afternoon in a peerless display of courage and cunning, and sealed 24 hours later in the streets of Rome, will go down in cycling’s annals as one of the most improbable heists the sport has witnessed. Continue reading...

Read more...

French Open: Gauff and Andreeva in action, Norrie v Djokovic to come on day nine – live
Posted on Monday June 02, 2025

Fourth-round matches continue at Roland GarrosEmail Niall with your thoughts on the actionBienvenue. The fourth round continues today at Roland-Garros, and if Sunday’s action is any kind of guide, we could be in for a humdinger of a day. Here’s the order of play:Court Philippe-Chatrier (from 10am BST)(20) Ekaterina Alexandrova v Coco Gauff (2) Lois Boisson v Jessica Pegula (3) Cameron Norrie v Novak Djokovic (6)Night game: (1) Jannik Sinner v Andrey Rublev (17) Continue reading...

Read more...