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Get ahead of the tech curve: aim for Hangzhou, not Silicon Valley | Brief letters
Rachel Reeves is behind the tech curve in proposing to create “Europe’s Silicon Valley” (
). She should surely be considering an equivalent of Hangzhou, home of DeepSeek, the company that knocked$1tn off the value
of US tech stocks in a day.John Lowery
London
…
Roman Abramovich’s tax affairs must be investigated, MPs say
Asylum seekers who refuse rescue in Channel may face five-year jail terms
People seeking asylum on small boats who refuse to be rescued by the French authorities could receive sentences of up to five years under a new law meant to disrupt irregular Channel crossings.
A bill introduced to parliament will also allow people smugglers to be jailed for up to 14 …
Northern MPs warn of ‘brain drain’ to southern England infrastructure projects
European Central Bank cuts interest rates after eurozone growth stalls
The European Central Bank has cut interest rates to ease the cost of borrowing across the 20-member eurozone as growth stagnates in the region.
The central bank cut rates by a quarter of a point to 2.75%, in line with expectations, after a run of bad news showing the bloc’s …
US economy continues to grow at robust pace as Trump vows to reduce prices
Donald Trump
pledges to lead a historic revival and bring down prices for millions of Americans.Gross domestic product (GDP) – a broad measure of economic health …
SoftBank ‘in talks’ to invest up to $25bn in OpenAI
The Japanese investment group SoftBank is reportedly in talks to invest up to $25bn (£20bn) in OpenAI in a deal that would make it the biggest financial backer of the startup behind ChatGPT.
The lender is considering putting a sum of between $15bn and $25bn into the San Francisco-based company, …
Evil toilets, terror food and billionaire Squishmallows: my eye-popping day at the UK’s giant toy fair
A chubby baby dinosaur waddles down a pink carpeted aisle, narrowly avoiding an army of Care Bears tramping in the other direction. Nearby, a sales rep shows off a collection of insect-breeding habitats, just as Pikachu scampers around the corner, bumping into her neat display. Across the hall, inventors show …
Allen v Jackson for MVP and a breathtaking play: NFL end of season awards
MVP
Josh Allen, QB, Buffalo Bills.
Take your pick between transcendent quarterbacks: Allen or Lamar Jackson. Neither answer is wrong. I edge towards Allen here, for the sole reason that he hasn’t won the award before. That’s not right; it’s not fair. But it’s the only way to split …Shell investors in line for multibillion-dollar windfall despite weak profits
Shell has given its investors a multibillion-dollar windfall despite reporting weaker-than-expected profits of $23.7bn (£19bn) for last year as global oil and gas prices tumbled.
Shareholders of Europe’s biggest oil company are in line for a 4% dividend increase alongside share buybacks of $3.5bn for the last three months of …