The Guardian Nachrichten

 

Chancellor urged to reform Office for Budget Responsibility to open way to more public investmentRachel Reeves must reform the Office for Budget Responsibility (OBR) to open the way to more public investment, an alliance of thinktanks has argued ahead of the chancellor's spring forecast on Tuesday.With Keir Starmer's government under intense pressure after Labour's defeat by the Greens in Thursday's Gorton and Denton byelection, the thinktanks called on Reeves to review the watchdog's remit. Continue reading......

Campaign groups write to technology secretary amid concerns that sites could double overall electricity demandDatacentre developers are facing pressure to reveal whether their projects will increase the UK's net greenhouse gas emissions, amid concerns the sites could double national electricity demand.Campaign groups have written to the UK technology secretary, Liz Kendall, warning that the energy required by new AI infrastructure poses a “serious threat to efforts to decarbonise the electricity grid”. Continue reading......

Though the supreme court ruled against the levies, businesses hit hard by the tariffs shouldn't hold their breath for any rebatesSign up for the Breaking News US email to get newsletter alerts in your inboxNow that the supreme court has found that the Donald Trump exceeded his authority to levy tariffs, the big question for many businesses – particularly small businesses who were so hard hit by these tariffs – is are they able to get their money back?Don't hold your breath. When it comes to tariffs, Trump still has many more tricks up his sleeve. Continue reading......

Exclusive: Whistleblower figures show large rise in 'serious' to 'minor' downgrades based on water company evidenceEnvironment Agency (EA) staff have downgraded thousands of serious pollution incidents by water companies in England without visiting to investigate, data unearthed by freedom of information (FoI) requests suggests.The figures were obtained by Robert Forrester, a whistleblower who left the agency in January and has spent nine years shining a light on the state of the water industry. His identity was revealed in the Channel 4 docudrama Dirty Business this week, and he has vowed to carry on fighting to expose the truth. Continue reading......

After 18 months of policy U-turns and political turmoil we are told not to expect any last-minute policy rabbitsPoliticians tend to hate being boring but Rachel Reeves will be delighted if Tuesday's spring forecast is judged by voters and financial markets to be reassuringly dull.After Labour's catastrophic Gorton and Denton byelection result, the chancellor's future, along with that of the prime minister, is on the line, as backbench MPs fret about the party's electoral prospects. Continue reading......

The record sum paid at auction for a rare example is part of a boom in trading cards – and the prices can be staggeringFor £12m, you could buy a seven-bedroom mansion in Hampstead, north London, or a Bugatti La Voiture Noire, one of the world's most coveted sports cars, with a few hundred thousand quid to spare. Alternatively, you could blow it all on a Pokémon card.This is what AJ Scaramucci, son of financier and former White House communications director Anthony Scaramucci, did earlier this month when he bought the world's only Professional Sports Authenticator (PSA) 10-graded Pikachu Illustrator card, one of the rarest and most coveted Pokémon cards ever, at auction. The seller, YouTuber, wrestler and occasional boxer Logan Paul, made a mighty profit after flipping the card for about £8m more than the £3.9m he originally paid for it in 2021. Continue reading......

Markets around the world could tumble on Monday and motorists are likely to pay more at the pumpWhat the strikes on Iran mean for oil pricesUS–Israeli war on Iran – latest updatesThe price of oil is expected to soar on Monday while stock markets could tumble as the US-Israel war on Iran rattles investors.US crude oil is on track to rise by 9% when trading resumes, according to data from the broker IG, after Tehran said on Saturday it had effectively closed the strait of Hormuz, a key oil chokepoint, reportedly prompting the halt of some oil shipments. Continue reading......

Aggression feeds a sense that the US is operating outside global norms and helps to fuel a more complex currency outlookWhat the US-Israeli attacks on Iran mean for oil pricesDonald Trump's attack on Iran, with its puerile Pentagon nametag, Operation Epic Fury, is another show of violent force from a bullish administration.Aside from unleashing fresh instability across the Middle East, the strikes add to the sense of a US operating with little regard for international law or global norms – as with Trump's on-off tariff regime, and the attack on Venezuela. Continue reading......

Sales beat wider retail sector last year thanks to customers inspired by websites such as Vinted, industry body saysYoung people inspired by secondhand fashion websites such as Vinted and Depop are helping charity shops thrive despite rising energy and employment costs.Save the Children's retail sales rose 3% last year, helped by a surge in December when the charity rang up 11% more than the same month a year before, raising more than £1m for its causes. Continue reading......

A halt on trade flows through the strait of Hormuz could spell trouble for many developed economiesUS-Israel war on Iran – latest updatesThe US-Israeli war on Iran has ignited fears that escalating military aggression in the Middle East could send oil prices soaring, push up prices at the pump and drive a global economic downturn.The US began “major combat operations” in Iran on Saturday morning, shortly after Israel launched a strike against Tehran. Within hours of the US-Israeli strikes, tankers in the strait of Hormuz were reportedly warned by Iran's Revolutionary Guard that no ship would be allowed to pass through the world's most critical oil trade route. Continue reading......

The text mimics a common fraud, but differs in that criminals appear to have hacked a genuine business accountJohn the delivery driver has tried to drop off something at your home from a company called Cleaning Superstore but you missed him, according to the message you have received via WhatsApp.Although you cannot remember buying anything from the company, the text appears to have come from a legitimate WhatsApp account so you try to rearrange delivery by clicking the link provided. Continue reading......

Investors are shifting toward physical assets that are partially insulated from disruption, says Goldman SachsInvestors have a new mantra as they prepare for AI to shake up the global economy – the Halo trade.Interest in Halo – short for “heavy assets, low obsolescence” - has risen as investors seek out companies with tangible, productive assets, which might be insulated from AI disruption, such as energy and transport infrastructure companies. Continue reading......

Chaos as key transit hubs in Dubai, Abu Dhabi and Doha close, and more than 1,000 flights by major Middle Eastern airlines cancelledFull report: US president announces death of the ayatollah, who has ruled Iran as supreme leader since 1989Latest updates: Trump says Khamenei is deadAmerica and Israel's attack on Iran disrupted flights across the Middle East and beyond as countries around the region closed their airspace and three of the key airports that connect Europe, Africa and the west to Asia halted operations.Hundreds of thousands of travellers were either stranded or diverted to other airports after Israel, Qatar, Syria, Iran, Iraq, Kuwait and Bahrain closed their airspace. There also was no flight activity over the United Arab Emirates, flight tracking website FlightRadar24 said, after the government there announced a “temporary and partial closure” of its airspace. Continue reading......

CEO Sam Altman claims military will not use AI product for autonomous killing systems or mass surveillanceOpenAI said it had struck a deal with the Pentagon to supply AI to classified US military networks, hours after Donald Trump ordered the government to stop using the services of one of the company's main competitors.Sam Altman, OpenAI's CEO, announced the move on Friday night. It came after an agreement between Anthropic, a rival AI company that runs the Claude system, and the Trump administration broke down after Anthropic sought assurances its technology would not be used for mass surveillance – nor for autonomous weapons systems that can kill people without human input. Continue reading......

The education secretary wants a fairer system and the Tories have leapt in with their own plan – but why now?For anyone who attended university in England in the last 15 or so years, the idea of student loans feeling like some sort of debt trap is hardly news. But three weeks ago, when the journalist Oli Dugmore discussed this on the BBC's Question Time, it felt like a moment.It was less the size of the initial debt, he explained, than the way above-inflation interest rates meant the interest charged alone was now almost as much as the original sum. “So was it mis-sold to me?” he asked, rhetorically. “Yes, I'd say so.” Continue reading......

With David Ellison's Paramount Skydance poised to buy Warner Bros Discovery, the president is tightening his grip on the US mediaGet Margaret Sullivan's latest columns delivered straight to your inbox by signing up hereFor many years, Donald Trump has trashed CNN and has taught his loyal followers to do the same.During the 2016 presidential campaign, angry chants of “CNN sucks!” reverberated at his campaign rallies, and he still jumps at every opportunity to disparage star CNN journalists such as Kaitlan Collins. Continue reading......

Panic about antisocial behaviour and theft has broken through from social media to boardrooms and diplomatic circles“Just visit London and you'll see that it's filled with crime,” the tech billionaire Elon Musk said as he was beamed into Tommy Robinson's far-right rally in the UK capital last September.The comments by the SpaceX and Tesla boss, part of a roving speech that was later condemned by the UK government, added to a growing wave of anti-London disinformation that has spread in recent months. That includes Donald Trump's notorious comments of London “no-go zones” and Nigel Farage's warnings against wearing jewellery after 9pm in the West End. Continue reading......

As the storied London dining room reopens on its bicentenary, restaurateur Jeremy King honours its heritage while restoring a faded iconSimpson's in the Strand was the sort of London institution where nothing changed without very good reason. Founded in 1828 as a coffee and chess club, the restaurant introduced wheeled silver trolleys so waiters could dispense roast beef and gravy without disturbing the players' concentration, and kept them long after the chessboards had gone. In the 1860s, to emphasise its focus on British food, Simpson's rejected the French word “menu” in favour of “bill of fare”, and so it would remain.Ornate, self-consciously stately and a bit stuffy, it was as English as Charles Dickens, PG Wodehouse and Winston Churchill – all of whom, perhaps unsurprisingly, were devoted patrons. Wodehouse described Simpson's as “a restful temple of food” where, as one of his characters observed, diners were “at liberty to eat till you were helpless, if you felt so disposed”. ...

Cygnet Texkimp was approved to export machines to Rydena, but ministers examining deal after Guardian highlighted founders' links to Kremlin military supply chainMinisters are reviewing a decision to allow a British company to export hi-tech equipment to Armenia after the Guardian uncovered links to the Russian military supply chain.Cygnet Texkimp, based in Cheshire, was weeks away from exporting two machines that produce carbon fibre “prepreg”, a lightweight material that can be used in a range of civil and military applications. Continue reading......

Businesses are vying for a refund, with nearly $175bn on the line, but customers are unlikely to benefit from reversalAt 8am, two hours before the US supreme court officially slapped down Donald Trump's “liberation day” tariffs on 20 February, Joseph Spraragen's phone was already ringing off the hook.The seasoned New York-based attorney and his 40-strong specialised trade team at Grunfeld, Desiderio, Lebowitz, Silverman & Klestadt (GDLSK) had spent months filing hundreds of lawsuits for heavy-hitter clients, including luxury brands Prada and Dolce & Gabbana, in protest of the US president's decision to impose sweeping import taxes last April. Continue reading......