Cisco chief executive says technology ‘will be bigger than the internet’ but current market is probably a bubble; dollar selling intensifies, gold climbs through $5,200 an ounce to new record high

Good morning, and welcome to our rolling coverage of business, the financial markets and the world economy.

The artificial intelligence (AI) will create winners but there will be “carnage along the way,” the boss of a US technology company has warned.

It shows there’s a crisis of confidence in the US dollar. It would appear that while the Trump administration sticks with its erratic trade, foreign and economic policy, this weakness could persist.

2.45pm GMT: Bank of Canada interest rate decision (no change expected)

7pm GMT: US Federal Reserve interest rate decision (no change expected)

7.30pm GMT: Fed press conference

• No 4 seed moves into semi-final despite struggles against Italian

• Djokovic to meet Ben Shelton or Jannik Sinner for place in final

Novak Djokovic said he will double his prayers on Wednesday night after receiving a massive slice of luck in the quarter-finals of the Australian Open as the Serb was thoroughly outplayed for two sets by an inspired Lorenzo Musetti before the Italian was forced to retire due to injury while leading 6-4, 6-3, 1-3.

Musetti had been working towards one of the best victories of his career, dominating Djokovic from the baseline and establishing an authoritative lead before his retirement.

An exhilarating account of Bowie’s spirituality and the quasi-religious nature of his work, from Space Oddity to Blackstar

It has become a tired cliche among fans to say that everything went wrong in the world after Bowie died in 2016. It also misses the point: rather than being one of the last avatars of a liberal order that has crumbled around our ears, Bowie prophesied the mayhem that has replaced it.

In his later years, he thought that we had entered a zone of chaos and fragmentation. This is what allowed him to be so prescient about the internet – not its promise, but its menace. There is no plan and no order. There is just disaster and social collapse. Those looking for reassurance should not listen to Bowie (please listen to something, anything, else). His world, from Space Oddity through to the background violence of The Next Day and Blackstar, was always drowned or destroyed or incinerated: “This ain’t rock’n’roll, this is genocide” as he exclaims at the beginning of Diamond Dogs.

Asafe Ghalib photographs his friends and fellow artists with one aim – to transform them into their ‘rawest, most beautiful and most empowered’ form

Prime minister says Reform seeking to ‘tear people apart’ after Gorton and Denton candidate questions whether all UK-born people are British

Keir Starmer has accused the Reform UK candidate in the Greater Manchester byelection of pursuing the politics of “toxic division” after he refused to disown his claim that UK-born people from minority ethnic backgrounds are not necessarily British.

The prime minister suggested that Matthew Goodwin, a hard-right activist, would try to “tear people apart” in Gorton and Denton, and that voters wanting to stop Nigel Farage’s party should coalesce around the Labour candidate.

Now a ‘wild river national park’, the Vjosa needs more trees to be planted to preserve its fragile ecosystem. And visitors are being asked to help …

Our induction into tree-planting comes from Pietro, an Italian hydromorphologist charged with overseeing our group of 20 or so volunteers for the week. We’re standing in a makeshift nursery full of spindly willow and poplar saplings just above the Vjosa River, a graceful, meandering waterway that cuts east to west across southern Albania from its source 169 miles away upstream in Greece.

Expertly extricating an infant willow from the clay-rich soil, Pietro holds up the plant for us all to see. Its earthy tendrils look oddly exposed and vulnerable. “The trick is not to accidentally snick the stem or break the roots,” he says. Message registered, we take up our hoes and head off in pairs to follow his instructions.

The volunteering week is the brainchild of EcoAlbania and the Austria-based Riverwatch. Back in 2023, these two conservation charities succeeded in persuading the Albanian government to designate the River Vjosa as Europe’s first “wild river national park”. It was a timely intervention. According to new research co-funded by Riverwatch, Albania has lost 711 miles (1,144km) of “nearly natural” river stretches since 2018 – more, proportionally, than any country in the Balkans. Now, the question facing both organisations is: what next?

On our first evening, Riverwatch’s chief executive, Ulrich (“Uli”) Eichelmann, gives a presentation setting out his answer. But before he does, we have a dinner of lamb and homegrown vegetables to work through. The traditional spread is a speciality of the Lord Byron guesthouse in Tepelenë, a small town in the heart of the Vjosa valley and home to EcoAlbania’s field office – our base for the week.

In the Caribbean and Latin America, the lived reality of these measures – presented in the language of diplomacy – is stark

Across borders, cultures and faiths, most ordinary people want the same things: the ability to earn a living, put a roof over their heads, feed their families and watch their children grow up with a future. These are not radical ideas, but they are today routinely sacrificed on the altar of geopolitics.

When power and profit take precedence, governments abandon the everyday realities of those they claim to protect and serve, especially when domination of another country’s resources, markets or political direction is at stake.

A gang of bank robbers return to the scene of their crime to free the two employees they imprisoned in a vault in this suspenseful British thriller from 1962

Vernon Sewell’s outstanding British crime picture from 1962, co-scripted by veteran screenwriter Richard Harris, is now re-released. It is a taut, tough suspense thriller in black-and-white, leading to a sensationally grim final shot. It is in fact a B-movie, one of the support features that once made up a complete evening’s entertainment: a cheap’n’cheerful genre which, though often awful, sometimes liberated talented people to create terrific, unheralded work, and whose importance to film history has been valuably elucidated by critic Matthew Sweet. A character in this film in fact, about to go out to the cinema, talks about the importance of seeing the full programme.

Griff (played by Derren Nesbitt) leads a trio of robbers who raid a suburban bank just as it is about to shut up shop for the bank holiday weekend. In a horribly cynical touch, Griff poses as a postman to gain entrance using his dead father’s old uniform. Having manhandled the straitlaced manager Mr Spencer (Colin Gordon) and his demure secretary Miss Taylor (Ann Lynn) down into the basement to get them to open up the strongroom with all the cash, they lock the two employees in there and make their getaway.

Everything felt like it was swelling, and despite my diligent consumption of water and Hydralyte, I couldn’t quite escape the persistent, low-level nausea. Even thinking took longer

My mother grew up in Warracknabeal, a speck of a town four hours from Melbourne, Australia, in the wide, wheat country of the Wimmera – that part of Victoria where the sky starts to stretch, where you can see weather happening 100 kilometres away.

Once or twice a year, our family would pack into the rattling old LandCruiser and drive up to visit my grandmother. It can’t always have been blistering weather but my memories of those trips are shot through with summer heat: the peeling paint of my grandmother’s house, the blasted-dry grass of the reserve over the road and its ancient metal monkey bars, so hot they burned your hands. Once, a dust storm blew up while we were there, engulfing the small weatherboard house in howling dirty orange.

Police say Celine Cremer’s family was told of the discovery on Wednesday and that forensic testing was yet to take place

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Human remains have been discovered near a remote location where a Belgian hiker disappeared more than two years ago.

Police say a bushwalker found the remains during a search for Celine Cremer, who was last seen in the Philosopher Falls area near Cradle Mountain in Tasmania’s north-west on 17 June 2023.

Prime minister Sanae Takaichi acknowledges her decision to call early poll could prove challenging for voters in snowbound regions

Frozen extremities are one of several obstacles facing voters in Japan as they prepare to cast their ballots at next month’s snap general election.

The vote, called by the prime minister, Sanae Takaichi, less than four months after taking office, will be held in the middle of a winter that has seen record snowfall in parts of the country, prompting concern about a low turnout.

Heaven in a bowl: sweet-and-sour peanut with pasta, Burmese noodle soup with coconut, noodles and myriad garnishes, and an easy and flavourful dumpling soup

One of the best things for lifting deflated spirits is a deep bowl of steaming, restorative soup – perfect for warming the places your old woolly jumper can’t reach. I love the romance and cosiness of creamy European soups drunk straight out of a mug around a fire in November, but in the icy tundra that is January I need something with more heat and intensity, something sustaining, spicy, gutsy and textured, so that I need a fork or chopsticks to eat it, rather than just a spoon. These punchy soups are simply rapture in a bowl, and make for extremely satisfying slurping.

Whether at home or abroad, the pattern of ducking difficult arguments and calling it pragmatism is the same

There comes a point in a prime minister’s career when foreign travel offers respite from domestic trouble. Even when relations with the host country are tricky, as Britain’s are with China, the dignifying protocols of statecraft make a beleaguered politician feel valued.

Next comes the phase where missions overseas feel dangerous because plotters can organise more openly against absent leaders.

Rafael Behr is a Guardian columnist

Island’s mineral and resource wealth is result of mountain building, rifting and volcanic activity over 4bn years

As recent manoeuvres over Greenland have made plain, this mostly ice-covered island contains some of the greatest stores of natural resources in the world, with huge volumes of oil and gas, rich deposits of rare-earth elements and rocks bearing gems and gold. So why did all the planetary goodies end up here?

Writing in The Conversation, the geologist Dr Jonathan Paul from Royal Holloway, University of London, explains how this mineral and resource wealth is tied to the country’s geological history over the past 4bn years. Greenland is a bit of a geological anomaly, with land that has been pummelled in three different ways: mountain building, rifting and volcanism.

Whether he’s targeting Greenland, tariffs or Iran, Trump’s agenda is to distract – because a Europe that is always reacting is never planning

When Donald Trump reassured the world that he would not, after all, use force to acquire Greenland – after days of threatening as much – he was doing what he does best: turning geopolitics into a spectacle. Whether Trump ever truly believed the US should acquire a vast Arctic territory belonging to a Nato ally is secondary to the fact that, once again, he ensured that Europe and the rest of the world were focused on his agenda.

Trump is not a politician who responds to events – he seeks to make them. Not because he is deeply invested in policy detail, but because he understands a defining feature of contemporary politics: attention is power. In an era of information overload, there is no scarcity of data or analysis; what is lacking is attention. And whoever controls that controls the debate.

Unable to get near Ukraine’s main port, Moscow is pounding the city from afar with missiles and drones

Outside the Kadorr apartment complex in Ukraine’s Black Sea city of Odesa, about 500 metres from the seafront, residents and rescue workers mill around in freezing temperatures.

Above an office on the 25th floor, a block of wall has been blown out by a Russian drone. Below, rubble and glass have been moved quickly into piles as owners survey cars crushed by the falling masonry.

De-mining organisations forced to cut staff, many of whom were women, despite landmines littering Zimbabwe-Mozambique border

Ten days before schools reopen for the summer term in eastern Zimbabwe, Hellen Tibu is worried about how she will pay the fees for her sister’s education. The 22-year-old landmine-disposal expert smooths the creases from her younger sister’s uniform as it hangs on the washing line outside a relative’s rooms in Sakubva, a densely populated township in Mutare. The shirt is faded around the collar and a new one is needed.

Tibu could afford the school fees and uniform – before the US funding cuts last year meant she no longer had her job clearing landmines. Now she can no longer pay her rent or look after her parents and siblings.

Popularity of EVs in country is part of global trend of emerging markets spurning fossil fuel cars at surprising speeds

When Berke Astarcıoğlu bought a BMW i3 in 2016, he was one of just 44 people in a country of 80 million to buy a battery electric vehicle (BEV) that year. By the time he bought a Tesla in 2023, BEVs were no longer a complete oddity in Turkey, making up 7% of new car sales.

Fast-forward two years and electric cars are selling so fast that Turkey has caught up with the EU in its rate of adoption. Its market is now the fourth largest in Europe, behind Germany, the UK and France.

‘No light at the end of the tunnel for consumers’ as 2025 figure is 50% higher than previous year, says Citizens Advice

Royal Mail has been criticised for offering an “unacceptable” performance over the crucial Christmas period after it failed to deliver letters and cards on time to about 16 million people, Citizens Advice found.

The consumer watchdog, which carried out research into Christmas deliveries, said that figure was 50% higher than in 2024, and the highest level over the festive period in five years, excluding when Royal Mail was hit by strike action in the run-up to Christmas four years ago.

Alt-rockers will score Hitler allegory The Resistible Rise of Arturo Ui, with Mark Gatiss in the title role

Alt-rockers Placebo are set to collaborate with the Royal Shakespeare Company (RSC) by scoring a new production of Bertolt Brecht’s The Resistible Rise of Arturo Ui.

Written in 1941, the play is about a Chicago mobster who seeks to control the city’s vegetable trade through corruption, intimidation and violence: a clear allegory of how Adolf Hitler had swept to power during the 1930s.

This gem of a series, about an actor with superpowers, is a clever, tender take on male friendship and the film industry. It’s a triumph of storytelling – and a masterclass in acting

We are back in the Marvel Cinematic Universe. If you feel fatigue stealing over you already, banish it! It’s going to be OK. Even though Wonder Man is (by my incredulous reckoning) about the 30th MCU series produced by Marvel Television and companions – from the dizzying heights of WandaVision to … well, She-Hulk – it is a little gem.

And it is quite little, in MCU terms. Not only are the eight episodes only around half an hour long but they also eschew spectacle in favour of storytelling. It’s a radical idea, but you never know, it might catch on.

Sundance film festival: the actor plays a pickpocket who steals from the wrong person in a leisurely, straightforward crime thriller with a sting in its tail

Noah Segan’s light-footed crime noir The Only Living Pickpocket in New York is a film obsessed with the gap between the old and new. There are memories shared about how things used to be, and some older characters refusing to keep up with digital progression, while there are eye-rolls from the younger generation, poking fun at those losing touch with how the world now operates. I’d argue that the theme is often a little overplayed, a classic case of writer-director Segan – a frequent Rian Johnson collaborator – telling rather than showing. But his film makes a convincing case for the old, a brisk throwback to a 70s-era character-led thriller, made with borrowed flair from yesteryear.

The title is itself partly borrowed from a Simon and Garfunkel song and speaks to a protagonist of a dying breed, a pickpocket who prides himself on the old ways; though he might swipe smartphones, he doesn’t own one. He’s played by John Turturro, an actor who hasn’t enjoyed many a lead role of late – his last was in the ill-received Big Lebowski “sequel” The Jesus Rolls and that’s only because he wrote and directed it himself. But this is a welcome step up, or step back up, for someone deserving of something more substantial to tear into. Fittingly, he’s someone who would have arguably had a more prominent career as a leading man in a different time.

The Only Living Pickpocket in New York is screening at the Sundance film festival and is seeking distribution

• WSL says it is committed to increasing pay floors

• Clubs can be docked points for breaching salary cap

Players aged under 23 in Women’s Super League 2 are not guaranteed to be paid the equivalent of the national living wage for a typical full-time worker annually, despite a large pay increase for the division’s lowest-paid players after the introduction of minimum salaries this season.

WSL2 clubs must pay players aged 21 and 22 a minimum of £22,200 and those aged 18 to 20 at least £17,500. Regulations state they must receive a minimum “contact time” of 20 hours a week excluding matchdays and mealtimes. For players aged 23 and over, the minimum salary is £26,900.

Toy becomes a popular symbol of workplace fatigue after manufacturing error gave it a frown instead of a smile

On 17 February China will celebrate the start of the year of the horse, the zodiac sign symbolising high energy and hard work. But the runaway success of a defective stuffed toy suggests that many Chinese are not feeling the vibe.

A red horse toy produced by Happy Sister in the city of Yiwu in the west of China was meant to wear a broad grin, but a factory error meant it hit the shops sporting a despairing grimace. Because the smile was placed upside down, the horse’s nostrils could be interpreted as tears.