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Tuesday newspaper round-up: Mark Zuckerberg, BoE, electric car batteries

(Sharecast News) - Washington DC's attorney general has sued Mark Zuckerberg, seeking to hold the Facebook co-founder personally responsible for his alleged role in allowing the political consultancy Cambridge Analytica to harvest the personal data of millions of Americans during the 2016 election cycle. The suit, filed in the capital by the District of Columbia attorney general, Karl Racine, alleges that Zuckerberg directly participated in policies that allowed Cambridge Analytica to gather the personal data of US voters without their knowledge in an attempt to help Donald Trump's election campaign. - Guardian The Bank of England will be forced to continue home working if it wants to hire more staff despite the "benefits" of face-to-face conversations, Andrew Bailey has said. The Governor warned the Bank could struggle to recruit if it refuses to let employees work from home, but said he wanted more of them to come into the office. - Telegraph

The cost of electric car batteries will surge 15pc if metal prices remain high, in a blow to millions of consumers seeking to upgrade, the International Energy Agency (IEA) has warned. Supply disruption caused by Russia's war in Ukraine is adding to already surging costs of key components in electric vehicle (EV) batteries, such as nickel and cobalt, forcing manufacturers to pay more or try to find other sources. - Telegraph

A proposed new nuclear power plant in north Wales could cost as much as £17 billion but would be quicker and cheaper to build than EDF's Hinkley Point C in Somerset, according to the American consortium behind the project. Westinghouse, the reactor maker, and Bechtel, the engineering group, hope to win government support and potential taxpayer investment for their plan to build two reactors at Wylfa on Anglesey. - The Times

Almost one in five British workers expect to switch to a new job in the coming year as they seek higher pay. Eighteen per cent said they were very likely to switch to a new employer in the next 12 months, with a desire for a pay rise driving 72 per cent of those employees. More than a quarter, or 27 per cent, plan to ask for more money next year, according to the survey by PwC of about 2,000 UK workers and a further 50,000 from across the world. - The Times

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Wednesday newspaper round-up: Red tape, billionaires, diesel emissions
(Sharecast News) - Rachel Reeves has claimed that rules and red tape are acting as a "boot on the neck" of businesses and risk "choking off" innovation across the UK without bold reforms. In a speech to City bosses attending the Mansion House dinner at London's Guildhall on Tuesday evening, the chancellor heaped further pressure on regulators to allow for more risk in order to boost economic growth. - Guardian
Tuesday newspaper round-up: Rachel Reeves, electric cars, Marks & Spencer
(Sharecast News) - Rachel Reeves will claim that cutting red tape for City firms will have trickle-down benefits for households across Britain, as she tries to drum up support for a new financial services strategy. A raft of regulatory reforms are due to be announced by the chancellor on Tuesday, in what the Treasury says will be the "biggest financial regulation reforms in a decade". It will come before her Mansion House address to City bosses during a dinner at Guildhall in London on Tuesday evening. - Guardian
Monday newspaper round-up: Pubs, country houses, Severn Trent
(Sharecast News) - The boss of the pub chain Greene King has called for changes to business rates to remedy "unfairness" that he said added to financial pressures on the struggling pubs industry. Nick Mackenzie, Greene King's chief executive, said the business rates system of property taxes should be changed to a tax on profits. - Guardian
Sunday newspaper round-up: EU tariffs, Begbies Traynor, Burberry's
(Sharecast News) - The US President announced that imports from the EU and Mexico would both be taxed at 30% commencing on 1 August. The announcement was a surprise for both Brussels and the US trade representative, Jamieson Greer, as both believed that they had reached a deal that would be acceptable to both sides. EU trade ministers' previously scheduled Monday meeting will now see them come under pressure to show a "tough" reaction. - Guardian

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