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US stocks today: Market surges after Supreme Court strikes down Trump tariffs; Investors are weighing the weak data

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US stocks today: Market surges after Supreme Court strikes down Trump tariffs; Investors are weighing the weak data

Supreme Court struck down President Donald Trump’s sweeping tariffs

U.S. stocks rose modestly in temporary trading Friday after the Supreme Court struck down President Donald Trump’s sweeping tariffs, a move that had earlier contributed to market volatility, the AP reported.

The Dow Jones Industrial Average rose 128 points, or 0.3 per cent. The S&P 500 rose 0.4 per cent, while the Nasdaq Composite added 0.5 per cent, supported by a 2 per cent rise in Alphabet shares.

Friday’s moves put the Dow on track for a modest 0.1 per cent gain for the period. The S&P 500 is tracking for a weekly gain of 0.7 cent, and the Nasdaq looks set to snap its five-week losing streak with a gain of more than 1 cent.

Earlier in the session, markets had fallen as investors reacted coolly to economic data that underlined the challenges facing the Federal Reserve, but there was no change in expectations for interest rate policy.

The S&P 500 was up 0.1 per cent after swinging between gains and losses. As of 9:59 a.m.

Eastern time, the Dow slipped 19 points, or less than 0.1 percent, while the Nasdaq Composite rose 0.2 percent.

Treasury yields also saw a limited rise following the reports, highlighting the difficult balancing act facing the Fed as it juggles persistent inflation as well as slowing economic growth.

A report showed the U.S. economy is projected to expand at an annual rate of 1.4 percent through the end of 2025, down from 4.4 percent growth during the summer and “by a huge number”.

according to Brian Jacobsen, chief economic strategist at Annex Wealth Management. A separate report indicated the Federal Reserve’s preferred inflation gauge rose to 2.9 per cent in December from 2.8 per cent in November.

An underlying measure, seen by economists as a better predictor of inflation trends, rose to 3 per cent from 2.8 per cent.

The Fed faces a difficult policy choice because it lacks the tools to simultaneously address slowing growth and increased inflation.

It could lower interest rates to support the economy—as it did last year and as President Donald Trump is urging—but doing so risks worsening inflation.

Fed officials said at their most recent meeting that they want to see inflation decline further before supporting additional rate cuts.

Following the data release, traders continued to expect at least two rate cuts by the end of the year, according to CME Group data.

although some changed expectations that rate easing could begin a little later in the summer.

The yield on the 10-year Treasury fell to 4.07 per cent from 4.08 per cent late Thursday, while the two-year Treasury yield, which more closely tracks expectations for Fed policy, held steady at 3.47 per cent.

Among individual stocks, Akamai Technologies fell nearly 10 per cent, one of the market’s sharpest declines, despite reporting stronger-than-expected results for the year-end 2025.

as its profit forecast for the coming year disappointed investors.

The company said it plans to spend a larger portion of the revenue on equipment and investments.

highlighting the rising cost of computer memory linked to the shortage created by the artificial intelligence boom.

Comfort Systems was among the gainers, rising 5.4 per cent after reporting stronger quarterly profit than analysts expected.

Chief executive Brian Lane said the company was seeing “unprecedented demand”. In overseas markets, European indices posted marginal gains after a mixed session in Asia.

Hong Kong’s Hang Seng fell 1.1 per cent after reopening after the Lunar New Year holidays, while South Korea’s Kospi jumped 2.3 per cent to a record high, led by defence contractors such as Hanwha Aerospace amid a surge in global military spending.

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Cameron Menzies ‘came close to quitting darts’ after table-punching injury

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Menzies had earlier apologised for losing his temper at the World Championships.

saying it was a difficult time following the death of his uncle.

But the incident left him wondering about his future in the sport.

“It was great to win [today]. To be honest, I was very close to passing out this weekend. Right now I’m not able to enjoy it.”

The 36-year-old said surgeons have told him he is lucky he has not ruptured any nerves or tendons but that he should make a slow recovery after further treatment.

He said, “I couldn’t feel my fingers for six weeks. I had to undergo surgery. I still have to go through hand treatments and trauma.”

“I’ve made a big mistake in my life. You can see the scars.”

“He said [the feeling] will be back, but I’ll have to live with the reputation of being a table puncher. This is not a proud moment of my life.

“We all make mistakes. Unfortunately, I made a big mistake, and I have to admit it.”

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Austrian court convicts man whose girlfriend died while climbing a mountain

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Vienna– An Austrian court has convicted a man of manslaughter by gross negligence after his girlfriend froze to death as the couple attempted to climb the country’s highest peak last year.

The verdict handed down by the Innsbruck state court on Thursday night after a one-day hearing gave the 37-year-old defendant a five-month suspended sentence and a fine of 9,600 euros ($11,300), the Austrian Press Agency reports. The court did not identify him in keeping with local privacy rules.

The man and his 33-year-old girlfriend set out to climb Grossglockner in western Austria in January 2025. Prosecutors said he died about 50 metres (164 feet) below the 3,798-metre (12,460-foot) peak when he left her behind. The defendant pleaded not guilty to the charges.

Judge Norbert Hofer said that the defendant had misunderstood the situation on the mountain but that he had not deliberately left his girlfriend behind – whose knowledge of mountaineering, he said, was “less than the man’s knowledge of the galaxies”. This sentence was much less than the maximum three years in prison.

“I don’t see you as a murderer; I don’t see you as a cold-hearted person,” he said, pointing to social media posts about the case. “I see you as the guy who finally tried to seek help and stand up to his girlfriend.”

However, the judge said the defendant had failed to take up his “leadership responsibility”. He said that if appropriate steps had been taken, for example, making an emergency call earlier or turning back, the woman would almost certainly have survived.

The defendant told the court he was “extremely sorry,” APA reports.

He said the couple had made all their decisions together and planned their climbs together, including the Grossglockner climb.

He argued that he himself had no formal alpine training and that his girlfriend’s knowledge was not much less than his. He said she was in good condition when a police helicopter passed over the couple during their climb and that he could not account for her condition deteriorating so rapidly. He said that he had come down to ask for help after taking advice from them.

The decision can be appealed.

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The Hundred: 67 Pakistan players signed up for the auction but Ben Stokes not included

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In total, 964 players have signed up for the auction.

which will be the first of its kind in the UK after the tournament moved away from a draft system following outside investment in eight teams.

The men’s list includes England batsman Joe Root, leg spinner Adil Rashid, wicketkeeper Jonny Bairstow and last year’s leading run-scorer Jordan Cox – all of whom were not retained by their franchises.

Stokes has not played in the competition since 2024, having opted out last year to manage his workload.

Mark Wood, who is recovering from a knee injury after the Ashes, is not in the list, nor is experienced bowler James Anderson.

Foreign names include South African internationals Quinton de Kock, David Miller and Aiden Markram, along with West Indies internationals Jason Holder, Sherfane Rutherford and Shimron Hetmyer.

Pakistan’s Saim Ayub, Shadab Khan, Mohammad Nawaz and Naseem Shah have also registered at the highest male reserve price of £100,000. Pakistan’s mystery spinner Usman Tariq is also on this list.

Teams will be composed of 16 to 18 players, and there is a salary collar as well as a salary cap – a minimum amount of money teams must spend.

The salary pot in the men’s competition has increased by 45% to £2.05 million per side for 2026, and the fund for women’s teams has increased by 100% to £880,000.

England internationals M. Arlott, Amy Jones, Danielle Gibson, Sarah Glenn and Lynsey Smith are among the women’s players to enter the draft at a reserve price of £50,000.

Davina Perrin, who scored a century at the age of 18 in last year’s Eliminator, has set her reserve price at £37,500.

South Africa’s all-rounder Nadine de Klerk, New Zealand’s Sophie Devine, Australia’s Beth Mooney and India’s Richa Ghosh are the other women players in the highest bracket. India captain Harmanpreet Kaur was a notable absentee.

There is no Indian in the men’s list.

Current Indian men’s international players are not allowed to play in franchise leagues other than the Indian Premier League, but England and Wales Cricket Board chairman Richard Thompson has said it is “only a matter of time” before they are included in The Hundred.

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record-breaking budget surplus as a result of higher tax revenue for the government. financial news

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Official figures show that there is more money left in the public finances than ever due to higher taxes being paid.

The budget surplus in January was the largest since records began in 1993.

according to Office for National Statistics (ONS) data.

This means the government received more money than it spent last month, with £30.4 billion left over.

Money Blog: Every Michelin-starred restaurant with a meal under £50

This is £15.9 billion more than the January 2025 surplus, although the figures have not been adjusted for inflation.

The surplus is also larger than the independent forecaster Office for Budget Responsibility (OBR) had estimated – about £6.3 billion larger.

Why?

The ONS said that although there was little change in government spending, the highest ever surplus was recorded due to a “rapid rise” in revenues and low interest rates.

Self-assessment tax revenues were approximately £6 billion higher than planned, and capital gains tax receipts increased.

Lower interest rates mean lower borrowing costs.

Borrowing costs in the month were £1.5 billion, £5 billion less than the previous year.

A relief for Reeves

It has been described as a “welcome relief” and “good news” for Chancellor Rachel Reeves by analysts at Big Four accounting firm PwC and economic research firm Pantheon Macroeconomics.

“This decline poses immediate pressure on public finances,” said PwC economist Nabil Taleb.

Paying more on the debt may mean that public finances are more vulnerable to economic shocks.

But the path ahead for Ms Reeves is not without dangers.

Youth unemployment is at the highest rate in 11 years

The scope for him to spend the money before breaking his self-imposed fiscal rules – to reduce government debt and balance the budget by 2030 – has narrowed since the November budget.

The low gross domestic product reading, a key economic measure, could already reduce the amount Ms Reeves has to spend before breaking her fiscal rules.

anemic economic growth and a rising unemployment rate This could mean that the tax will be stopped.

And January’s tax revenue figures may be one-sided.

This month is important for the government exchequer due to the influx of self-assessment income tax receipts.

‘Evidence economy forward’ picked it up carefully.

Good news for the economy also came in the form of retail sales, which were better than expected in January.

The ONS said the total volume of retail sales, which measures the quantity purchased, rose 1.8% last month.

This was the biggest increase since May 2024.

The ONS said online jewellers’ sales remained “strong” as they reported “demand has reached unprecedented levels”.

Art, furniture and technology also sold well.

Rob Wood, Pantheon’s chief UK economist, said the data provided “further evidence that economic growth has picked up pace in the new year as budget uncertainty eases”.

Retail sales figures matter because they measure household consumption, the largest expenditure in the UK economy.

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The battle for wind farms: can ‘blockers’ defeat the government? | Science, climate and technology news

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The battle for wind farms: can ‘blockers’ defeat the government? | Science, climate and technology news

“An ineffective form of renewable energy…carpet-bombing the countryside…irreversible damage.”

These are loud, angry and organised campaigners against onshore wind in Wales.

Dozens of new projects are set to break ground on the hills of Cymru as the government races to meet its clean energy targets.

It says it is ready to take on “disruptors” to create hundreds of budding steel giants with the goal of making energy cheaper, cleaner and more secure.

But in Wales, these “blockers” also see themselves as environmentalists: nature lovers who fear the plans will forever destroy their countryside and culture.

He is convinced that there are better ways to make Wales greener.

Pen y Cymoedh wind farm in South Wales, consisting of 76 turbines
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Pen y Cymoedd wind farm in South Wales, consisting of 76 turbines

So who’s really saving Wales?

A few hundred protesters chanted “No more pylons” at lunchtime in February outside the Welsh Parliament in cold weather.

Many involved in the protests distanced themselves from Reform UK politicians, who have vocally opposed onshore wind as they question the extent to which the climate is changing.

“Very few of us are climate deniers,” says a protester in Cardiff. “We all realise there is a problem…the question is: How do we solve it?”

The answer, he says, is a mix of offshore wind, community projects and rooftop solar, which he argues can meet Wales’s needs without building turbines that would also send electricity to England.

Because they are troubled by the feeling that history is repeating itself: another Welsh resource – after water and coal – harvested to keep England’s lights on.

But with electricity demand in Wales set to at least double by 2050, and 60% of it still coming from gas, Labour says doing without onshore wind is a luxury it cannot afford.

Welsh Labour told Sky News that “if we rely solely on community-owned generation, it will be challenging to provide the electricity needed at the pace required for the climate emergency”.

Locals hurt by Hendy wind farm that was never connected to the grid
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Locals hurt by Hendy wind farm that was never connected to the grid

The Ghost of Hendy Wind Farm

The shadow of the Hendy wind farm dominates the debate. Seven “ghost turbines” were built in Powys, despite council objections, which were never connected to the grid.

While the industry calls Hendy an anomaly, locals see it as a cautionary tale of broken promises and reckless haste.

This is why they are opening a front against the proposed Nant Mithil Energy Park. The project will place a 220-metre-high turbine – twice the height of Big Ben – on the peaceful hilltop of Radnor Forest.

While the site could power 130,000 homes, campaigner Nigel Dodman sees only an “ecological disaster”.

“Because of industrialisation, they have to build 27 kilometres of roads, whatever construction work is going on,” he says.

“Do we destroy this landscape and its ecology,” he asks, “or do we preserve it for future generations?”

Nigel Dodman fears Radnor Forest will lose its peace
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Nigel Dodman fears Radnor Forest will lose its peace

What does the majority say?

While the opposition is vigorous, the data shows they are swimming upstream.

According to a survey by the think tank More in Common, around 80% of Welsh citizens are comfortable with seeing turbines, while 22% are not.

A UK government survey shows that more people in the UK would be happy to host onshore wind in their area than those who would not.

But support for exemptions at a hyper-local level was met with widespread local opposition to Nantucket and another plan for Powys called Garreg Fawr.

And this vocal minority knows that the net zero policy is going to be implemented in the Welsh elections in May.

Nain Methil will be one of over 200 existing and planned onshore wind farms in Wales, should all of the wind farms in the pipeline go ahead
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Nain Methil will be one of over 200 existing and planned onshore wind farms in Wales, should all of the wind farms in the pipeline go ahead

They have also gained the support of the Campaign to Protect Rural Wales (CPRW). Its trustee Jonathan Dean says, “Building onshore wind is fast and easy, but we have time to do it right.”

He says Labour cannot take public support for its clean power lightly.

“If public outrage continues to grow, and a political party intent on ‘cancelling net zero’ gains any power, we will have the worst possible outcome. Net zero needs to maintain its ‘social licence’.”

Who is winning the battle of the political environment?

Meanwhile, the industry itself is attempting to sweeten the deal by offering above-average, though voluntary, funding to local communities hosting energy infrastructure, in addition to jobs and training.

Jess Hooper, of trade body RenewableUK Cymru, said: “For areas around wind farms, there is a community benefit fund, which is worth more than £6 million a year.

“Then jobs and economic growth lead to economic opportunity and investment in our rural areas, which have not seen such investment for many years.”

‘Next, it could be you.’

Wherever the energy comes from, a large number of new projects are in the pipeline to meet the growing demand.

This fact, combined with the upcoming elections, increases the risk for the government to convince people that compromise is worth it.

As far as NIMBYs are concerned, a protester in Cardiff says, “Yes, we’re NIMBYs, but we also don’t understand why they have to start destroying them when there are so many alternatives, leaving areas of the countryside basically untouched.”

Nigel Dodman tells me: “I’d say there’s a new definition of NIMBY, which is… ‘Next, it could be you.'”

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Trump directs US government to release files on ‘alien and extraterrestrial life’. American news

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Donald Trump has said he will direct the Pentagon and other US agencies to release “government files relating to alien and extraterrestrial life”.

In a post on Truth Social, the US president claimed that his decision was “based on the tremendous interest shown” and described the case as “extremely interesting and important”.

He wrote, “Based on the tremendous interest shown, I will direct the Secretary of War and other relevant departments and agencies to begin the process of identifying and releasing government files relating to alien and extraterrestrial life, unidentified aerial phenomena (UAPs), and unidentified flying objects (UFOs) and to release any and all information relating to these extremely complex but extremely interesting and important matters.”

Donald Trump described this case as 'very interesting and important'. Photo: AP/Mark Schiefelbein
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Donald Trump described this case as ‘very interesting and important’. Photo: AP/Mark Schiefelbein

The announcement came just hours after Mr Trump alleged Barack Obama disclosed classified information during an interview released on Saturday.

The former president says he believes aliens are real.

Appearing on Brian Tyler Cohen’s podcast, Mr Obama said, “They’re real, but I haven’t seen them, and they’re not being kept in Area 51.

“There is no underground facility unless it was a huge conspiracy and they hid it from the President of the United States.”

Mr. Obama appears on Brian Tyler Cohen's podcast. Photo: Brian Tyler Cohen
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Mr Obama appears on Brian Tyler Cohen’s podcast. Photo: Brian Tyler Cohen

In an Instagram post, the 64-year-old clarified that what he meant was that “prospects are good; there’s life out there” and said he has seen “no evidence” of alien existence during his tenure.

Asked about Mr Obama’s comments on Thursday, Mr Trump said, “He shouldn’t be doing that.

“He made a big mistake.”

Asked whether he also thought aliens were real, Mr Trump replied, “I don’t know if they’re real or not.

“I don’t have an opinion on it. I never talk about it. A lot of people do. A lot of people believe it.”

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Earlier this week, Mr Trump’s daughter-in-law, Lara Trump, suggested on the New York Post’s Pod Force One podcast that the president had prepared a speech on aliens that he would deliver at “the right time”.

However, White House press secretary Carolyn Leavitt laughed off any suggestion of such a pre-planned speech.

“The speech on aliens would be news to me,” he said.



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Grey’s Anatomy star dies

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Actor Eric Dane, best known for his roles in the TV series Grey’s Anatomy and Euphoria, has died at the age of 53.

His representatives said he died of amyotrophic lateral sclerosis (ALS), also known as Lou Gehrig’s disease.

Dane announced his diagnosis last year, and before his death he had become an advocate for ALS awareness.

“He spent his final days surrounded by loving friends, his devoted wife and his two beautiful daughters, Billie and Georgia, who were the centre of his world,” a statement said.

Described as “committed to making a difference for others” despite the illness, his representatives said he would be “fondly remembered” and “deeply missed”.

He added, “Eric loves his fans and is always grateful for the love and support he receives.”

What is ALS?

According to the NHS, ALS is one of the four main types of motor neurone disease and is the most common.

It is characterised by weakness in the arms and legs, which may cause you to stumble and drop things.

Any form of motor neurone disease gets worse over time, requiring ongoing care from specialists, including physios and speech therapists, and is usually life-shortening.

There is no cure for motor neurone disease; treatment focuses on reducing symptoms.

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Dane starred in the ABC medical drama Grey’s Anatomy from 2006 to 2012 and reprised his role in 2021. She was also celebrated for her role in HBO’s Euphoria.

Other productions include Saved by the Bell, Gideon’s Crossing, Marley & Me and X-Men: The Last Stand.

He was married to fellow actor and model Rebecca Gayheart.

His memoir is due to be published later this year.

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Three aid workers killed, 4 injured in RSF drone strike in Sudan’s Kordofan. Sudan war news

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The attack comes as the UN released a report that found the RSF’s actions in al-Fashar bore the hallmarks of genocide.

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At least three aid workers were killed and four others wounded in a drone attack by the paramilitary Rapid Support Force (RSF) on an aid convoy in Sudan’s South Kordofan state, according to the Sudan Doctors Network, in the latest massacre against civilians caught in the country’s brutal civil war.

The convoy of trucks carrying food and humanitarian supplies was targeted by the RSF and its ally, the Sudan People’s Liberation Movement-North, while travelling through the Kartala region on Thursday en route to the cities of Kadugli and Dilling.

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“The Network strongly condemns the deliberate targeting of humanitarian convoys and calls it a flagrant violation of international humanitarian law and all norms prohibiting attacks on humanitarian workers,” Sudan Doctors Network wrote in a social media post.

The network said the attack was “the second such incident in less than a month following the shelling of a UN aid convoy in the town of al-Rahad,” adding, “This dangerous escalation jeopardises the security of humanitarian operations and further exacerbates civilian suffering.”

The Sudan Doctors Network reiterated its call for “the international community, the United Nations and human rights organisations to put immediate and effective pressure on the leadership of the Rapid Support Force to ensure the safety of aid convoys and their workers, to open safe and sustainable humanitarian corridors, and to hold accountable those responsible for targeted assistance”.

Al Jazeera could not independently confirm the latest RSF attack, which came a month after the government-aligned Sudanese Armed Forces (SAF) announced it had broken a nearly two-year RSF siege on Dilling.

Dilling is located between the besieged state capital of Kadugli and El-Obeid, the capital of the neighbouring North Kordofan province, which the RSF has tried to encircle.

The RSF and SAF have been waging a brutal civil war for control of Sudan since April 2023, in which thousands have been killed and millions displaced.

After being driven out of the capital, Khartoum, in March, the RSF has focused on the Kordofan region and the town of al-Fashar in North Darfur state, which was the army’s last stronghold in the vast Darfur region until it was captured by the RSF in October.

There were reports of mass killings, rape, kidnappings and looting by paramilitaries following the takeover of al-Fashar, and the International Criminal Court (ICC) launched a formal investigation into “war crimes” by both sides.

On Wednesday, the UN Independent International Fact-Finding Mission to Sudan determined that the RSF carried out “a coordinated campaign of destruction” against non-Arab communities in and around al-Fashar during its 18-month siege of the city, the characteristics of which amounted to genocide.

The fact-finding mission, which was mandated by members of the UN Human Rights Council, said that the RSF had committed at least three of the five criteria for genocide.

According to the report, they included killing members of protected ethnic groups (in this case, the Zaghawa and Fur communities), causing serious physical and mental harm, and deliberately creating living conditions designed to bring about the physical destruction of the group in whole or in part.

Following the release of the report, the United States announced sanctions on RSF Brigadier-General Elfateh Abdullah Idris Adam, Major-General Gedo Hamdan Ahmed Mohammed and Field Commander Tijani Ibrahim Moussa Mohammed for their role in the “horrific campaign” of the siege and capture of El-Fashar.

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Taxi for andrew

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At least nine different UK police forces have confirmed they are investigating the so-called ‘Epstein files’.

This includes

West Midlands Police

In a statement, the force said, “We are assessing the information revealed in relation to private flights in and out of Birmingham Airport following the publication of the US DOJ Epstein files.”

essex police

On Tuesday, Essex Police said it was assessing information about private flights to and from Stansted Airport.

Bedfordshire Police

Bedfordshire Police are also reportedly investigating the Luton flights.

norfolk police

Norfolk Police previously confirmed the force was reviewing documents brought to their attention but said it had not yet received any allegations and was not currently investigating.

A spokeswoman confirmed this morning that the force is supporting the Thames Valley investigation.”

police scotland

A Police Scotland spokesperson said the force had “not received any reports or complaints in relation to this matter”.

It added, “We would be keen to speak to anyone with information. We treat all reports of sexual offending, regardless of when the offence occurred, with the utmost professionalism and sensitivity.”

surrey police

Surrey Police are seeking information on human trafficking and sexual assault allegations dating back to the mid-1990s following the release of the US Justice Department’s Epstein files.

Thames Valley Police

Earlier this month, Thames Valley Police confirmed it was assessing claims Andrew shared a confidential report with Epstein relating to his role as the UK’s trade envoy.

Its officers this morning arrested a man in his sixties, believed to be the former Prince Andrew.

The force has not named the person.

Metropolitan Police

The Metropolitan Police was one of the first forces to announce that it would investigate Jeffrey Epstein’s claims.

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