The Supreme Court's decision to strike down many of President Trump's tariffs has sparked both business relief and uncertainty, with the administration now exploring alternative legal avenues for imposing global levies and triggering a complex refund process for importers affecting the federal budget.

• After Supreme Court Loss, Trump Plans to Impose Global Tariffs Using Different Laws — The New York Times Business -
• Trump tariffs as it happened - President warns of 10% global levy after court ruling — Financial Times -
• Supreme Court torpedoes Trump’s tariff regime in check on executive power — Financial Times -

• After Tariff Decision, What Happens to Trump’s Deals With China, Canada and Europe? — The New York Times Business -
• Ask The Morning: The Supreme Court’s Tariff Ruling — The New York Times Business -
• Supreme Court Tariff Ruling to Spur Chaotic Refund Process — The New York Times Business -
• Businesses Celebrate Tariff Relief, And Brace for New Uncertainty — The New York Times Business -
• Tariff Whiplash Clouds Outlook for Federal Budget — The New York Times Business -
• After Tariff Decision, What Happens to Trump’s Deals With China, Canada and Europe? — The New York Times Business -
• Corporate America demands refunds after Trump’s tariffs struck down — Financial Times -
• Supreme Court Justices Strike Down Trump’s Tariffs — The New York Times Business -
• Trump tracker: the latest data on US tariffs, trade and economy — Financial Times -
• Opinion | It’s the End of the Beginning of the Tariff War — Wall Street Journal -
• What comes next after the top US court struck down Trump’s tariffs? — Financial Times -
• Trump and Indonesia Sign Trade Deal, Locking In 19% Tariffs — The New York Times Business -
• The Supreme Court has delivered an overdue rebuke to Donald Trump on tariffs — Financial Times -
• Supreme Court’s tariff ruling has mixed implications for the Fed — Financial Times -
• Here’s the latest. — The New York Times Business -
• US and Indonesia finalise trade deal to cut tariffs — Financial Times -
• Why EU trade ministers are unlikely to solve steel industry’s tariff woes — Financial Times -

Corporate earnings and strategic shifts dominated headlines, including Amazon surpassing Walmart in revenue, a hedge fund offering to buy Blue Owl stakes at a discount, and Paramount's antitrust clearance for a Warner Bros bid, alongside industry-specific updates in music, retail, and manufacturing.

• Hedge fund Saba offers to buy stakes in Blue Owl funds at steep discount — Financial Times -
• Opinion | How George Harrison Transformed the Music Business — Wall Street Journal -
• Auto & Transport Roundup: Market Talk — Wall Street Journal -

• Some Reese’s Treats Drop the Milk Chocolate. Mr. Reese Disapproves. — The New York Times Business -
• The problems piling up at fast-fashion giant Shein — Financial Times -
• Main Street banks are pushing into markets and trading — Financial Times -
• Rocco Commisso, Who Built Cable Empire From ‘Scraps’ That Others Shunned, Dies at 76 — Wall Street Journal -
• Basic Materials Roundup: Market Talk — Wall Street Journal -
• How Streaming Became Cable TV’s Unlikely Life Raft — Wall Street Journal -
• Paramount’s $108bn bid for Warner Bros clears US antitrust hurdle — Financial Times -
• New York Knicks spin-off puts quirks of sports M&A at centre court — Financial Times -
• LyondellBasell Slashes Dividend as Industry Challenges Persist — Wall Street Journal -
• Health Care Roundup: Market Talk — Wall Street Journal -
• Moncler’s Shares Surge After Upbeat End to the Year — Wall Street Journal -
• Tech, Media & Telecom Roundup: Market Talk — Wall Street Journal -
• A dash of ‘schmuck insurance’ could help Netflix win Warner Bros — Financial Times -
• Starbucks Needs You to Buy an Afternoon Refresher — Wall Street Journal -
• Danone Forecasts Steady Sales Growth, Limited Hit From Infant-Formula Recalls — Wall Street Journal -
• Anglo American Halves Value of De Beers Diamond Business — Wall Street Journal -
• Fashion month’s hottest ticket? A watch party with Lyas — Financial Times -
• Aston Martin Expects Full-Year Earnings to Miss Expectations — Wall Street Journal -
• Air Liquide Posts Higher Profit on Sales Growth in Gas, Services Business — Wall Street Journal -
• Perseus Mining Focused on Internal Growth; Will Keep Predictive Stake For Now — Wall Street Journal -
• Newmont CEO Prioritizes Margins, Not ‘Starry-Eyed’ About Record Gold Prices — Wall Street Journal -
• Amazon Is Now America’s Biggest Company. Its 17-Year Journey to Surpass Walmart. — Wall Street Journal -
• Live Nation Reports Growing Annual Concert Attendance as Federal Antitrust Trial Looms — Wall Street Journal -

The US economy experienced a sharp slowdown in Q4 GDP growth, leading to mixed signals in the stock market and debates over potential Fed rate cuts amid persistent inflation, while global investors poured record sums into European stocks seeking alternatives to expensive US tech shares.

• US GDP growth falls sharply to 1.4% rate in fourth quarter — Financial Times -
• Mixed Signals Churn Stock Market Despite Recent Highs — The New York Times Business -
• U.S. Economy Grew Modestly at End of 2025 — The New York Times Business -

• First shares set to trade on London’s new private markets platform — Financial Times -
• Too hot to hold — Financial Times -
• Canada Retail Sales Climb After Pullback in December — Wall Street Journal -
• US GDP growth below expectations unlikely to prompt faster Fed cuts — Financial Times -
• Is Blue Owl Private Credit’s ‘Canary in the Coal Mine’? — The New York Times Business -
• Tides of tax drive high earners to offshore bonds — Financial Times -
• FirstFT: Investors pour record sums into European stocks — Financial Times -
• Firm underlying inflation keeps BoJ normalisation plans on track — Financial Times -
• Zambia calls for domestic debt to be part of major indices — Financial Times -
• Investors pour record sums into European stocks — Financial Times -
• Reasons to worry about America’s investment position with the rest of the world — Financial Times -
• Blue Owl Capital Sets Off New Fears About the Private Credit Industry — The New York Times Business -
• India makes move to boost urban infrastructure — again — Financial Times -

Hungary blocked a significant EU loan to Ukraine ahead of a war anniversary, Iran signaled readiness for a US proposal, and Europe debated defense integration, against a backdrop of US military presence around Iran and an exposed Russian oil smuggling ring.

• Hungary blocks €90bn EU loan to Ukraine days before war anniversary — Financial Times -
• Iran preparing proposal for US, says foreign minister — Financial Times -
• Only an army — and true integration — will solve Europe’s defence problem — Financial Times -

• The ‘incredibly significant’ US military forces surrounding Iran — Financial Times -
• We need to talk about the Gulf — Financial Times -
• Submit your questions: How should Europe prepare for a transatlantic divorce? — Financial Times -
• Email blunder exposes $90bn Russian oil smuggling ring — Financial Times -
• North Korea’s Kim Jong Un triumphant at rare congress — Financial Times -
• The ANC’s sudden embrace of South African business — Financial Times -
• Venezuela passes law granting amnesty to some political prisoners — Financial Times -

Reforms to special needs education threaten parents' school choice, Prince Andrew's future in the royal succession is under review amid an arrest inquiry, and the UK reported a record January budget surplus, while government credibility faces scrutiny over unfulfilled promises.

• Parents to lose free choice of schools under special needs education reforms — Financial Times -
• UK looks at removing former prince Andrew from royal line of succession — Financial Times -
• Andrew Mountbatten-Windsor arrest highlights vagueness of rules for royals — Financial Times -

• Starmer’s government hasn’t practised what it preached — Financial Times -
• UK swings to record £30bn budget surplus in January as retail sales surge — Financial Times -
• Farage against the machine — Financial Times -
• Hollow pledges infect British politics — Financial Times -
• Reform wants to put public unions ‘under review’, by-election candidate has said — Financial Times -
• Row brews over ‘savvy squirrel’ campaign to drive UK investment — Financial Times -
• How the UK accidentally shackled itself to Mastercard — Financial Times -

Discussions focused on AI as an efficiency engine capable of influencing Fed rate cut decisions, concerns over privacy with agentic AI, Amazon's service being taken down by an AI coding bot, and **Nvidia and OpenAI shifting from a merger to a $30bn investment deal**.

• How Palantir captured the Ministry of Defence — Financial Times -
• Opinion | Artificial Intelligence Is an Efficiency Engine — Wall Street Journal -
• Can an A.I. Productivity Boom Clear a Path for More Rate Cuts? Trump’s Fed Pick Thinks So. — The New York Times Business -

• Can an A.I. Productivity Boom Clear a Path for More Rate Cuts? Trump’s Fed Pick Thinks So. — The New York Times Business -
• OpenClaw and the privacy problem of agentic AI — Financial Times -
• Musk’s Starlink to be tested against Eutelsat on French shipping fleet — Financial Times -
• Amazon service was taken down by AI coding bot — Financial Times -
• The ‘latecomer’ racing Tesla on robots and self-driving cars — Financial Times -
• America must share the benefits of AI leadership — Financial Times -
• Nvidia and OpenAI abandon unfinished $100bn deal in favour of $30bn investment — Financial Times -

The US Environmental Protection Agency rolled back mercury emission standards for coal plants, California's climate policy backfired leading to more foreign oil imports, and Repsol aims to triple Venezuelan oil output after securing a US permit.

• Opinion | Newsom’s Climate Policy Backfires — Wall Street Journal -
• Energy & Utilities Roundup: Market Talk — Wall Street Journal -
• Opinion | Green Politics and Global Stability — Wall Street Journal -

• US allows coal plants to emit more toxic mercury into the air — Financial Times -
• U.S. Natural Gas Futures Steady in Early Trade — Wall Street Journal -
• Repsol aims to triple Venezuelan oil output after securing US permit — Financial Times -

US tourism experienced an ongoing slump, DEI rules on corporate boards are vanishing, a major cancer detection test failed in a British study, and the legacies of media personalities Christopher S. Wren and Anna de Peyster were remembered.

• Christopher S. Wren, Times Bureau Chief in Hostile Lands, Dies at 89 — The New York Times Business -
• Anna de Peyster, Novelist and Former Wife of Rupert Murdoch, Dies at Age 81 — Wall Street Journal -
• A Cancer Detection Test Fails in Major Study — The New York Times Business -

• Why the United States Is Seeing an Ongoing Tourism Slump — The New York Times Business -
• DEI Rules That Changed Corporate Boards Are Vanishing — Wall Street Journal -
• ‘Is university still worth it?’ is the wrong question — Financial Times -
• Frieze LA 2026 — Financial Times -
• The rainforest retreat in the midst of a megacity — Financial Times -
• What did ‘Nudge’ get wrong? With Nick Chater — Financial Times -

The US Justice Department controversially displayed a Trump banner at its headquarters, symbolizing the president's unusual influence over a historically independent department.

• US justice department hangs Trump banner at headquarters — Financial Times -