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Spotify to launch new premium service aimed at music ‘superfans’

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Spotify to launch new premium service aimed at music ‘superfans’

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Spotify will launch a new super-premium subscription aimed at audio enthusiasts that will cost an extra $6 a month, said three people briefed on the matter, as the Swedish group expands the streaming service.

Spotify will charge $18 a month for the new service and debut it later this year after sealing fresh licensing deals with Universal Music and Warner Music to allow their copyrighted songs from artists such as Kendrick Lamar and Taylor Swift to be included in the subscription.

Spotify has not announced a fresh deal with Sony Music, the third major record label and home to stars such as Beyoncé. The new subscription might not come until the autumn, said one person familiar with the discussions.

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The subscription, called “Music Pro”, will offer three main features to entice sign-ups: higher-quality audio; early access to concert tickets; and increased functionality such as a “DJ” option for streaming.

The ticketing feature is part of a push by the music industry to capitalise on “superfans” — the listeners who regularly buy merchandise and flock to concerts for their favourite stars.

Spotify’s main rivals, Apple Music and Amazon Music, already offer higher-quality “lossless” audio as part of their basic paid music streaming plans. Spotify has been teasing its own hi-def audio product since 2021, but it has been delayed repeatedly.

Spotify has been on a hot streak, having recently reported its first full year of profitability after slashing costs and laying off thousands of staff. Its shares have nearly tripled in the past year as investors cheered the results.

With a stock market capitalisation of $130bn, Spotify is valued by Wall Street as worth more than all three of the major record labels combined. The labels wanted to wring more money from Spotify in the most recent deals.

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Chief executive Daniel Ek earlier this month teased his plans for a new subscription tier during an earnings call. “The next version of the music industry, I believe, is one where we’re going to tailor experience of Spotify to all of these different subgroups,” he said. “We’re sort of moving from this one size fits all to this much more sort of specialised tier as the base of consumers are growing into the hundreds of millions.”

As part of the deals agreed with Universal and Warner, Spotify will also add more professional music videos to its platform, as it looks to compete with YouTube, TikTok and others.

Deutsche Bank analysts predicted this super premium tier “could drive the next leg of revenue growth” for Spotify.

But Midia Research offered a more sceptical view. “You could make a case that a superfan tier is disruptive innovation, but that will depend upon whether it really pushes the boundaries of what streaming is,” analyst Mark Mulligan wrote. “Otherwise, it may only be as ‘disruptive’ as mobile carriers having premium plans for higher-spending consumers.”

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EU to probe aluminium imports diverted by Trump’s tariffs

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EU to probe aluminium imports diverted by Trump’s tariffs

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The EU is launching an investigation into the aluminium market to protect the bloc’s beleaguered industry from a surge in cheap imports displaced by Donald Trump’s tariffs.

The European Commission will announce the probe, aimed at verifying a sudden rise in imports and covering all trading partners, on Wednesday, according to a document seen by the Financial Times.

Brussels will impose countermeasures if the probe identifies such an increase in aluminium imports. It is also set to tighten loopholes in its tariff regime on steel imports.

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The document says the 25 per cent tariffs on aluminium announced by the US president last week “are likely to worsen the situation further” for a sector that has been hit by high energy prices, sluggish demand and cheap imports.

Brussels has promised to retaliate against Washington with tariffs on up to €26bn of US products.

But the aluminium probe shows the impact of the US president’s tariffs cascading across the globe as the commission tightens its rules against third-country imports and a broader trade war comes closer.

The EU document highlights what it says is “a significant threat of trade diversion from multiple destinations” because of last week’s US tariffs.

It notes the bloc’s aluminium producers have “lost substantial market share over the past decade”.

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Other than Norway and Iceland, which are part of the bloc’s economic area and could be exempted, the main exporters of the metal to the EU are the United Arab Emirates, Russia and India.

The bloc decided last month to phase out Russian aluminium imports by the end of 2026.

While the US has used security grounds to justify its measures, the EU will base its response to any surge in aluminium imports on traditional trade defence law based on World Trade Organization rules.

Its safeguard measures could echo previous steps it has taken on steel, for which in 2018 it set a 25 per cent tariff on imports exceeding a specified quota.

The safeguards on steel will expire in June 2026 but the commission document says it will ensure adequate protection for the industry beyond that date.

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The bloc’s 2023 steel production was the lowest since records began, with the exception of the pandemic years.

Pressure on the industry was “likely to be exacerbated” as other countries raise tariff barriers to keep out Chinese metal blocked by the US, the commission said. It added the EU could become the “main receiving ground of global excess capacities” for steel.

The commission will expand its steel measures to prevent China using third countries to circumvent them.

It will also consider a plan to hit nations that restrict exports of scrap metal to the EU with a reciprocal ban.

EU scrap steel exports have more than doubled in recent years to account for 20 per cent of production, denying steelmakers a raw material.

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The draft metals action plan, which could still change before publication, was first reported by Table Media.

The action plan also promises greater protection under the carbon border tax that comes into force next year as well as attempts to help the industry reduce its carbon emissions.

Companies have complained they cannot afford to invest in new technology such as hydrogen-powered blast furnaces.

The steel industry estimates it must spend €14bn annually until 2030 to decarbonise. “Most of these projects are not likely to be economically feasible in the current environment”, the document says.

The commission suggests member states could reduce energy taxes for heavy industry and provide greater subsidies for hydrogen.

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It will encourage customers to buy green steel, which is more expensive than conventional supply, by changing procurement rules and setting resilience and sustainability measures for many industrial products.

The commission declined to comment on the proposal but said its action plan would indicate additional sector-specific priority actions as well as long-term measures to replace trade defence safeguard measures expiring in June 2026.

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Cleanup under way after massive storm barreled across at least eight US states

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Cleanup under way after massive storm barreled across at least eight US states

Clean up efforts have started in several US states which endured destructive storms that killed more than 40 people over the weekend.

The massive storm system in question swept across at least eight states in the south and midwest over the weekend, with multiple tornadoes, wildfires and dust storms descending on the region, destroying thousands of businesses and homes.

The governors of Arkansas, Georgia and Oklahoma each declared a state of emergency over the weekend in the wake of the storm. Red flag warnings still remain for states in the midwest and south, including Texas and Oklahoma, meaning those states are still at risk of high, dry winds that could lead to wildfires.

There were 96 tornadoes reported in the region on Friday and Saturday, according to the National Weather Center’s Storm Prediction Center.

The death toll from the storm continued to go up on Sunday after two children were killed in Transylvania county, North Carolina, after a tree fell through their family’s trailer.

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Missouri has the highest death toll, with 12 dead from tornadoes and wildfires that hit the state. At the storm’s peak, more than 140,000 homes and businesses lost power. As of Monday morning, more than 20,000 customers in the state were still without power.

In a statement on Sunday Mike Kehoe, Missouri’s governor, said: “The scale of devastation across our state is staggering.”

Hurricane-force winds in Texas and Oklahoma led to wildfires that spread in multiple communities across the two states. In Oklahoma, at least 130 wildfires had been reported in the state by Friday, with the dry, powerful gusts setting large swaths of land aflame. A ranch outside of Oklahoma City owned by the governor, Kevin Stitt, was burned in one of the wildfires.

In a video taken for social media, Stitt showed the remains of his ranch, saying that he is “rebuilding with all of Oklahoma”.

“You never think it’s going to happen to your place, and these wildfires just come out of nowhere and can really take over,” Stitt said.

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In Kansas, at least eight people died after a 70-vehicle pileup on an interstate highway during a dust storm on Friday afternoon that led to near-zero visibility on the roads.

On the Louisiana-Mississippi border, two powerful tornadoes formed concurrently and took the same path, ultimately leaving three dead in Tylertown, Mississippi, a town of fewer than 2,000 people.

William Shultz of Tylertown told NBC News that he was “holding my wife to my chest and just watching everything disappear and watching everything get ripped out away from me”, he said. “I’m just thankful to be alive.”

In a post on Truth Social on Sunday, Donald Trump said that the national guard had been deployed to Arkansas, where tornados have left three dead. The president also said: “My administration is ready to assist state and local officials as they help their communities to try and recover from the damage.”

Trump’s statement notably lacked any mention of help from the Federal Emergency management Agency (Fema), which helps with disaster reliefs after severe weather events. The president and Elon Musk, the head of the so-called “department of government efficiency” (Doge) and the architect behind the mass government layoffs, have come under criticism for laying off workers in agencies including Fema.

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Advocacy groups have pointed out that it appears hundreds of Fema employees have been terminated over the last few weeks. In January, after being sworn into office, Trump floated the idea of scrapping Fema completely, calling it “very bureaucratic” and “very slow”.

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U.S. to Withdraw From Group Investigating Responsibility for Ukraine Invasion

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U.S. to Withdraw From Group Investigating Responsibility for Ukraine Invasion

The Justice Department has quietly informed European officials that the United States is withdrawing from a multinational group created to investigate leaders responsible for the invasion of Ukraine, including President Vladimir V. Putin of Russia, according to people familiar with the situation.

The decision to withdraw from the International Center for the Prosecution of the Crime of Aggression against Ukraine, which the Biden administration joined in 2023, is the latest indication of the Trump administration’s move away from President Joseph R. Biden Jr.’s commitment to holding Mr. Putin personally accountable for crimes committed against Ukrainians.

The group was created to hold the leadership of Russia, along with its allies in Belarus, North Korea and Iran, accountable for a category of crimes — defined as aggression under international law and treaties that violates another country’s sovereignty and is not initiated in self-defense.

The decision, the people familiar with the situation said, is expected to be announced on Monday in an email to the staff and membership of the group’s parent organization, the European Union Agency for Criminal Justice Cooperation, better known as Eurojust.

The United States was the only country outside Europe to cooperate with the group, sending a senior Justice Department prosecutor to The Hague to work with investigators from Ukraine, the Baltic States and Romania.

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A department spokesman did not immediately respond to a request for comment on Sunday night.

The Trump administration is also reducing work done by the department’s War Crimes Accountability Team, created in 2022 by the attorney general at the time, Merrick B. Garland, and staffed by experienced prosecutors. It was intended to coordinate Justice Department efforts to hold Russians accountable who are responsible for atrocities committed in the aftermath of the full invasion three years ago.

“There is no hiding place for war criminals,” Mr. Garland said in announcing the organization of the unit.

The department, he added, “will pursue every avenue of accountability for those who commit war crimes and other atrocities in Ukraine.”

During the Biden administration, the team, known as WarCAT, focused on an important supporting role: providing Ukraine’s overburdened prosecutors and law enforcement with logistical help, training and direct assistance in bringing charges of war crimes committed by Russians to Ukraine’s courts.

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The team did bring one significant case. In December 2023, U.S. prosecutors used a war crimes statute for the first time since it was enacted nearly three decades ago to charge four Russian soldiers in absentia with torturing an American who was living in the Kherson region of Ukraine.

In recent comments, President Trump has moved closer to Mr. Putin while clashing with Ukraine’s president, Volodymyr Zelensky — going so far as to falsely suggest that Ukraine played a role in provoking Russia’s brutal and illegal military incursion.

“You should have never started it,” Mr. Trump said in February, referring to Ukraine’s leaders. “You could have made a deal.” He followed up in a post on social media, calling Mr. Zelensky a “Dictator without Elections” and saying he had “done a terrible job” in office.

The Trump administration gave no reason for withdrawing from the investigative group other than the same explanation for other personnel and policy moves: the need to redeploy resources, according to the people familiar with the situation, who spoke on the condition of anonymity because they were not authorized to discuss the moves publicly.

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