Rolling coverage of the latest economic and financial news

Analysts suspect that regulators, such as California Attorney General Rob Bonta, could attempt to challenge Paramount’s takeover of Warner Bros Discovery.

Bonta, a Democrat, said late on Thursday that his office would take a ‘vigorous’ approach to the deal.

“Paramount/Warner Bros is not a done deal. These two Hollywood titans have not cleared regulatory scrutiny — the California Department of Justice has an open investigation, and we intend to be vigorous in our review.”

“We’ve always been disciplined, and at the price required to match Paramount Skydance’s latest offer, the deal is no longer financially attractive, so we are declining to match the Paramount Skydance bid.”

European Chamber Orchestra/Harnoncourt/Urmana
(Sony)
This 1999 live recording captures the late conductor’s radical ear in bracing Mendelssohn, gossamer Wagner and a luminous Liebestod – from Violeta Urmana

Ten years on from his death, this newly released live recording from the 1999 Styriarte festival in Graz is a welcome reminder of Nikolaus Harnoncourt’s revolutionary approach to music. At its heart is a rare – for him – foray into the world of Richard Wagner, provocatively coupled with Mendelssohn and Schumann, two composers whose attitudes towards the Sorcerer of Bayreuth were equivocal, to say the least.

He opens with Mendelssohn’s fairytale overture, Die Schöne Melusine, a bracing ride driven by resolute strings and dramatic interventions from the woodwind. The Tannhäuser Overture is quite a different matter. To a certain extent, Harnoncourt takes a Wagner-lite approach, with gossamer textures rooted in Mendelssohn’s A Midsummer Night’s Dream Overture, a comparison that the antisemitic Wagner would surely have loathed. Purists might balk, but it’s one of the silkiest and most detailed of readings, for those curious about the actual notes on the page, it’s illuminating.

Speaking at Milan fashion week, Miuccia Prada and Raf Simons presented a more concentrated, but relatable, show

Miuccia Prada and Raf Simons, the co-designers of Prada, said backstage at Milan fashion week that fashion’s greatest challenges were inequality and artificial intelligence.

An interesting perspective, since Mark Zuckerberg, the billionaire owner of Meta, and his wife, Priscilla Chan, sat next to Lorenzo Bertelli, Prada’s husband, in the front row.

EU’s longest-serving leader hopes to retain power by telling voters the main threat to country comes from Kyiv

Paid for by its rightwing, populist government and generated using AI, the billboards – showing Volodymyr Zelenskyy and EU officials with their hands outstretched – blanket Hungary. “Our message to Brussels: We won’t pay!” the taxpayer-funded advert reads, echoing the messaging woven through spots on radio, television and social media.

It’s a nod to the election strategy that Viktor Orbán, the EU’s longest-serving leader, has unleashed as he lags in most polls before upcoming elections: convincing voters that the country’s greatest threat is not fraying social services, the rising cost of living or economic stagnation, but rather the neighbouring country of Ukraine.

A former ranger tells the story of how the UK’s forests intimately shaped – and were shaped by – its people

It may not sit well with the politicians who now seek to govern it, but Britain has always been a land of immigrants – our “native” fauna and flora among them. More than 10,000 years ago, in the wake of retreating ice sheets, trees from the warmer south began to re-colonise this chilly north-western fringe of Europe: first birch, then hazel, elm, oak and alder. By the time rising sea levels submerged the marshy lowlands connecting it to the rest of the continent, the new British mainland was covered in a luxuriant tangle of forest. In this primeval wildwood, a squirrel could leap tree-to-tree from north coast to south, east coast to west.

Or so one story goes. In Ancient, woodland expert Luke Barley sets out to tell a more complex and fascinating tale of our forests and the people that have lived with and made use of them. His title points back to the post-ice age woodland and its forerunners in sweltering or wintry deep prehistory, but it also holds a more specific meaning. Under classifications drawn up in the 1970s, a UK wood is considered “ancient” if it was already in existence by 1600 (in Scotland, by 1750), as shown on the earliest accurate maps. These are our last links to the wildwood, places where the undisturbed soil still supports a rich and intricate ecosystem that no human ingenuity can recreate.

Zimbabwe refuses to sign agreement and Kenya faces a court case over data sharing as new aid deals come under scrutiny

A series of bilateral health agreements being negotiated between African countries and the administration of President Donald Trump have been labelled “clearly lop-sided” and “immoral” amid growing outrage at US demands, including countries being forced to share biological resources and data.

It emerged this week that Zimbabwe had halted negotiations with the US for $350m (£258m) of health funding, saying the proposals risked undermining its sovereignty and independence.

In this week’s newsletter: The climate crisis is making insurance unaffordable for many – and it should worry all of us, even if we think we’re safe from floods, wildfires and hurricanes

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I’m worried about insurance.

Some homes are becoming uninsurable due to the rapidly escalating impacts of the climate crisis. And that should worry you too, even if you think your home is safe enough.

Under water, in denial: is Europe drowning out the climate crisis?

The Great Olympic lie: untold story of Winter Games’ huge environmental impact

‘It’s more exciting than Tesco’: can traditional fishing lure Cornwall’s young people?

‘Homes may have to be abandoned’: how climate crisis has reshaped Britain’s flood risk

‘Delays, lowballs, outright denials’: how the LA wildfires have exposed the US’s broken insurance industry

The Guardian view on the rising risk from flooding: uninsurable buildings should focus minds on climate adaptation

Landslide in Niscemi in January tore away entire slope of town and carved 4km chasm

Firefighters in Sicily have rescued about 400 rare books from a library in Niscemi that hangs on the edge of a mudflow, after a devastating landslide in January tore away an entire slope of the town and carved a 4km chasm.

The library stands on the lip of the precipice gouged out by the landslide, with part of the building in effect hanging in mid-air. The recovery operation, which began on Monday, was preceded by a detailed study of floor plans and interior photographs to map the position of the books.

It’s almost time to swap your chunky winter jumper for a knitted polo top. Here are three ways to style it

The annual competition draws thousands of entries from across the world and brings together images from below the water’s surface that show the diversity and challenges of subaquatic life

• All photographs courtesy of Underwater Photographer of the Year 2026

The latest rush of docudramas seems to suggest that anyone in the public eye must expect a degree of intrusion. But where does that end?

Was that really Peter Mandelson getting into a police car on Monday? Was it really the same Mandelson who had supposedly been about to flee to the British Virgin Islands, the man called “a traitor” to his country and the buddy of a sex trafficker of girls? Was he really to be questioned for nine hours by the police over “misconduct in public office”, an offence few people have ever heard of? For a moment, I thought it must be a trailer for a new Epstein docudrama “inspired by real-life events”.

For two months, news desks on both sides of the Atlantic have been trawling through the Epstein files, daily releasing sensational details. This one story – now years old – is crushing out many others. The name of Jeffrey Epstein this past week has claimed precedence over Donald Trump, China, Iran and Ukraine. Each night’s BBC television news has demoted Keir Starmer, the NHS, tax reform and student loans. Preference is relentlessly ceded to Epstein, with bit parts for the former prince Andrew, Mandelson, Bill Gates, the Clintons and a galaxy of billionaires and celebrities.

The classic cake reimagined as a cookie

When it comes to British cakes, coffee and walnut is such a staple that if there isn’t one present at a bake sale or coffee morning, I’ll raise an eyebrow. I’ve taken the classic combination and put them in a cookie for something fun and quicker to make. Full of toasty walnuts and a hit of that very nostalgic instant coffee flavour, I finish them off with a white chocolate button as a nod to the sweet, creamy icing.

Many observers believe North Korean leader has decided daughter Kim Ju-ae will succeed him, but others say gender politics could block her path to power

When North Korea’s ruling party held a top-level meeting this month there were predictable boasts of unstoppable nuclear development and, more unexpectedly, a suggestion by Kim Jong-un that his country and the US “could get along” – provided that Washington recognised North Korea as a legitimate nuclear power.

But for many North Korea watchers, the Workers’ party congress – held over several days just once every five years – was a rare opportunity to speculate over the identity of the country’s future leader.

Exhibits pay homage to Ukrainians’ resilience and bring home the reality that war is going on in Europe

Descending into the windowless basement of a second world war air-raid bunker built for civilians in central Berlin is arguably an eerie enough evocation of what it means to endure life in a conflict.

But in a modern twist, before they have even walked into the first room of the city’s new Ukraine Museum inside the bunker, visitors are “targeted” by a Russian drone just before its operator prepares to release the lethal shot, and see themselves in the firing line on the screen of the weapon’s camera.

Can talking about their problems help men forge closer relationships – or is there another way? Josh Halliday reports

Josh Halliday is 37, and not short of friends. There are his two closest mates, and then the big group who meet up for weekends away. But recently the Guardian’s north of England editor has noticed something.

“My relationship with my two closest friends, who I’ve been friends with now for 15-16 years, has been fairly surface level, to be honest – 90% of our chat is probably football-related, always with a drink in hand. If you asked me to name their immediate family, I wouldn’t be able to do it. And I think that’s quite shocking really.”

Department of Justice did not release FBI memos when it uploaded millions of pages of files beginning in December

Three memos that describe four interviews conducted by the Federal Bureau of Investigation in 2019 contain explicit but unsubstantiated claims that Donald Trump sexually abused a woman when she was a minor in the early 1980s with the assistance of Jeffrey Epstein, according to a Guardian review of those documents.

The Department of Justice did not release those records when it uploaded millions of pages of files related to Epstein beginning in December. The existence of the missing documents was first reported by independent journalist Roger Sollenberger and subsequently confirmed by NPR, causing outrage in Washington and sparking an investigation from congressional Democrats.

Kendrick Lamar has sampled my track. I’d love to ask him if he knows my story

Growing up in North Miami Beach in the 1980s was a lot of fun. We might not have had TikTok, but we weren’t bored: we would ride our bikes around and blast music from our boomboxes all weekend. In my mid-teens, I did a work placement at a record store. I loved it, and became something of an expert in R&B and rap, listening to Grandmaster Flash, Run-DMC and 2 Live Crew on repeat.

One day in 1984, when I was 17, a record producer named Tony Butler – better known as “Pretty Tony” – came into the store. He heard me speak and asked me whether I wanted to make some music. I thought, “Why not?!”

After drummer Neil Peart died in 2020, many thought the Canadian prog legends would never reform. As they book a mammoth global tour, Geddy Lee and Alex Lifeson explain how their lifelong bond drew them back together

The two men on the sofa, Rush’s Geddy Lee and Alex Lifeson, have known each other for 60 years now. “When we first met in junior high school, we sat beside each other, and we laughed,” says Lee, the elder by a month. “He’s the funniest guy I’ve ever known, and I make him laugh, too.” Lifeson, who has been gazing at his friend happily, nods vigorously. “Yeah!” The two of them gently tease each other, and speak of each other with such happy admiration, that I feel suffused with warmth from the off. “Everybody wants to have a bestie like this guy!” Lee says at one point, beaming.

It’s only because they like each other so much that they’re in this posh London hotel suite. Lifeson came over to Europe for some health checks, and Lee decided to come with him. Once they were here, they decided they may as well talk to some journalists about Rush’s upcoming R50 reunion tour, and the decision to add 24 European and South American shows to the 58 arena dates they’d already announced for North America (they’ll play the UK in March 2027). The interviews were meant to be separate, but they decided it would be more enjoyable to speak together. Honestly, if you ever want to see a model for male friendship, spend time with Rush and feel cleansed.

With poor Sam Claflin virtually banished from screen, it’s up to the Big Bang Theory star to keep this woefully formulaic show afloat – and it’s a losing battle

Buckle up, buttercups! Three hours of overstuffed nonsense split into four 45-minute bursts is about to come atcha, and fast.

Vanished stars Kaley Cuoco, who found fame in The Big Bang Theory from 2007-2019, then starred in The Flight Attendant a few years back. Cuoco played an ordinary, if functionally alcoholic, stewardess who found herself in the wrong place at the wrong time, and enmeshed in an ever-deepening mystery, then mortal peril. She found unexpected reserves of courage and resourcefulness and managed to stay half a step ahead of the bad guys until it was time for vanquishings and comeuppances all round.

Vanished is on Prime Video now.

Back then, France punched above its weight when it came to tech. The EU needs it to rediscover its taste for the cutting edge

In the 1960s, France became the third country, after the US and Soviet Union, to independently place a satellite (Astérix) into orbit, and the only country to send an animal into space and – crucially, for Félicette the catstronaut – bring it back alive. A decade later, the Franco-British Concorde flicked passengers across the Atlantic in three and a half hours and the TGV began to propel them through the countryside first at 250km/h (155mph), and then 320km/h. Then, in the late 1980s, the French space agency designed a crewed spaceplane, Hermès, that corrected for the Nasa space shuttle’s vulnerability by being integrated into its launch vehicle rather than perched atop it.

A concerted buildout of nuclear power left France with one of the least carbon-intensive economies in the world. And then, of course, there was the Minitel. More than a decade before anyone was typing “www” into their web browsers, French users were able to buy train tickets, check film showings, do their banking, play games, find recipes, read their horoscopes, or even log into, yes, erotic chats – la messagerie rose, as it was known.

Hannah Spencer elected as party’s first MP in northern England, as Labour sees a 25.3% drop in vote compared to 2024

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The Green party has pulled off a landmark victory in the Gorton and Denton byelection in a significant blow to Keir Starmer.

Hannah Spencer, a local plumber and Green party councillor, was elected as the party’s first MP in northern England after overturning Labour’s 13,000-vote majority.

The former US secretary of state urged Republicans to question Donald Trump ‘directly under oath’ about his ties with the convicted sex offender

Hillary Clinton appeared before a congressional committee investigating her supposed links to Jeffrey Epstein – and accused its Republican members of targeting her in a bid to distract from Donald Trump’s involvement with the convicted sex offender.

The former US secretary of state answered questions for hours during a closed-door session on Thursday, a day before her husband, the former US president Bill Clinton, was also due to appear.

Clinton delivers withering rebuke and says hearing is an attempt to deflect attention from Trump’s actions

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Hillary Clinton delivered a withering rebuke to a congressional committee investigating her supposed links to Jeffrey Epstein on Thursday, accusing its Republican members of embarking on a “fishing expedition” intended to cover up and deflect attention from the actions of Donald Trump.

In a furious opening statement, the former secretary of state suggested the event was “partisan political theatre” and “an insult to the American people” while repeating her insistence that she had never met Epstein, the disgraced financier and convicted sex trafficker who died in 2019.

Turnout in Gorton and Denton byelection over 47%, with 36,903 verified votes cast as Greens, Reform and Labour contest the seat

Labour sources have told the Press Association: “Early signs at the count indicate the Greens have been able to turn out support in a way they wouldn’t be able to replicate at a general election.”

Prof Will Jennings, of the University of Southampton, earlier said the contest was too close to call and that in Britain’s new fragmented politics “anything can happen”. He said a Labour defeat would be “terminal” for No 10’s strategy to try to appeal to right-leaning voters, which has alienated its core progressive supporters.