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Today News

01

Deutsche Bank braces for €1.3bn hit to profits from Postbank litigation

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Court has warned lender it is likely to lose parts of complex lawsuit brought by former shareholders of rival

Friday, Apr 26

00

Microsoft and Alphabet enjoy AI-powered gains from cloud divisions

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Combined market value of the two tech giants rose by more than $250bn after revenue growth beat expectations

23

Tickets for Labour conference ‘business day’ sold out in hours

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Glastonbury-style rush sees attendees pay £3,000 a shot with capacity more than double last year’s event

‘Terminator’ creator James Cameron says AI could replace him — but not Schwarzenegger

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Director says technology at some point will ‘write a script, direct a movie’

22

US to rush Patriot missiles to Ukraine as Pentagon builds up support

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Move comes as Biden administration begins parcelling out funds unlocked by Congress this week

Buffett’s real estate brokerage to pay $250mn over commission lawsuits

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Settlement resolves second of Berkshire Hathaway’s three big legal entanglements over the past year

Joe Biden agrees to debate Donald Trump after weeks of uncertainty

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There were doubts the 2024 US election rivals would agree to the traditional televised face-off

Fed’s preferred inflation metric rose to 2.7% in March

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Figures come day after US first-quarter growth data prompt investors to push back interest rate cut expectations

US data blurs the picture for bond investors

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The combination of slower growth and nagging inflation is an unsettling mix

21

Relative measures can be absolutely wrong

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Comparing one data point with another can be misleading, nonsensical or even dangerous.

With Trump in court, can Biden take control of the election?

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As polls show the race tied, the president is campaigning around the country and his opponent is stuck spending his days in a Manhattan courtroom

20

Anglo American set to be bought or broken up after rejecting £31bn BHP offer, investors believe

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UK-listed company says Australian miner’s takeover approach ‘significantly undervalues’ it

King Charles to resume public duties after cancer treatment

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Buckingham Palace says 75-year-old monarch will take part in limited engagements with schedule subject to doctors’ advice

19

Ban on non-compete agreements sends shockwave across Wall Street

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Financial companies scramble to rework contracts and tie down personnel after US Federal Trade Commission rule

Gut or guile? Pedro Sánchez’s resignation threat leaves Spain on edge

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Country left guessing by prime minister’s unusual tactic ahead of announcement on his political future set for Monday

Two died after UK shift from analogue to digital phone lines

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Government says it met Virgin O2 chief executive and Ofcom after incidents last year

Thames Water customers will have paid £540mn for London’s ‘Super Sewer’

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Breakdown of accounts comes as testing on Tideway tunnel set to begin and UK’s biggest water provider faces debt crisis

The 22-mile trip for post-Brexit border controls starts next week

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Checks on food arriving at Dover will be carried out on the outskirts of Ashford

The Lex Newsletter: AI spending plans are spooking the market

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Microsoft is the company showing most tangible proof of AI revenue generation from hefty investments

17

TotalEnergies ‘seriously’ looking at moving listing from Paris to New York

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Chief executive Patrick Pouyanné says US investors back the group’s prospects and strategy

Hermès soars and Kering stumbles in widening luxury divergence

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Quarterly sales at the two groups and market leader LVMH show the winning brands are those targeting the very wealthy

16

Two British men charged with helping Russian intelligence in London arson attack

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Three others also charged in connection with case targeting Ukrainian-owned business

Microsoft’s cloud sales receive a boost from AI

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Tech group’s shares up 3% a day after better than expected earnings report

Abu Dhabi-backed RedBird IMI set to withdraw from Telegraph takeover

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Resulting auction process expected to attract bidders including Rupert Murdoch and hedge fund boss Paul Marshall

Is it too late to invest in the gold rush?

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Demand from China drove prices to a record high this month — now many suspect the normal rules no longer apply

Science is closing in on the frailties of old age

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Research is finding ways to extend animal lifespans but regulators are still wary of treating ageing as a disease

15

G7 to target sixfold expansion of electricity storage

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Batteries and other solutions aim to store wind, solar and hydropower to make up for intermittent supply

Xi tells Blinken US should avoid ‘vicious competition’ with China

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Secretary of state’s trip to Beijing comes as tensions remain over Taiwan, war in Ukraine and tech export controls

Yen sinks to 34-year low after Bank of Japan holds interest rates near zero

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Governor Kazuo Ueda says weakening currency is having ‘no major impact’ on underlying inflation