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Important information: The value of investments can go down as well as up so you may get back less than you invest. Investors should note that the views expressed may no longer be current and may have already been acted upon. This is a third-party news feed and may not reflect Fidelity’s views.

Thursday newspaper round-up: Meta, AA, Go-Ahead, carbon emission permits

(Sharecast News) - An extraordinary battle pitting New York multimillionaires against their billionaire neighbours is expected to reach fever pitch on Thursday when local politicians in the Hamptons vote on proposals to close an airport in the super-rich enclave. The East Hampton town board is expected to vote in favour of a plan to "deactivate" the local airport that buzzes with helicopters and private jets ferrying the uber-wealthy from Manhattan to their luxury beach houses. - Guardian Mark Zuckerberg has a fascination with ancient Rome, but last week a court decision threatened the future of another empire: his own. Judge James Boasberg said the US competition watchdog can pursue the break up of Meta - the owner of Facebook, Instagram and WhatsApp - paving the way for a costly and lengthy legal battle. Boasberg had dismissed the Federal Trade Commission's first attempt in June, but this time he was swayed by a revised FTC complaint under its new chair, Lina Khan. - Guardian

The AA has told unvaccinated staff that they will no longer receive sick pay if they are unable to work while self-isolating due to coming into contact with someone who has Covid. In an email sent to the AA's 7,000 staff and seen by The Telegraph, the roadside assistance company said that workers who turn down the vaccine and have no medical exemption face unpaid periods of quarantine, which lasts 10 days for unjabbed contacts of a Covid case. - Telegraph

Good chefs have always been in high demand but Covid means they are now scarcer than ever, scattered across the world rather than in Britain. Neil Harris, at recruiter Hashtag Chefs, says: "A lot of Europeans went home and never came back. A lot of people like the Aussies, New Zealanders and South Africans are not coming over at the moment because of the pandemic." Salaries are up by as much as 30pc, says Harris. On Wednesday Bob Bob Ricard, a French and Russian-themed restaurant in London's Soho district, advertised a salary of £91,000 for a head chef - plus on-site dining of up to £6,000 per year - as restaurants and hotels compete for talent. - Telegraph

Troubles at Go-Ahead deepened after the transport group announced yesterday that the company's senior independent director and head of the board's audit committee would stand down with immediate effect after further votes against his appointment at the recent annual meeting came to light. Shares in Go-Ahead are suspended from trading after the company discovered last year that "serious errors" had led to its failure to return at least £25 million to the taxpayer from its operation of Southeastern Trains. - The Times

Industrialists have criticised a government decision not to intervene to push down the price of carbon-emission permits, stoking a row between ministers and business over rising energy costs. Prices have nearly doubled in the past six months, from £40 per tonne of carbon dioxide to more than £70. The spike has triggered a "cost containment mechanism" that allows ministers to step in but they have refused to do so for a second month in a row. - The Times

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(Sharecast News) - A leading City lobby group is calling on the next government to bring in scams legislation that forces big tech and social media companies to cough up to £40m a year to reimburse customers and fight fraud on their platforms. The demand came in a 'financial services manifesto' released by UK Finance, which represents banks, payments companies and other financial firms. UK Finance and its 300 membershave long complained about having to shoulder the costs of fraud against their customers, despite a surge in the number of scammers targeting consumers through platforms such as Facebook and Google. - Guardian

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