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Friday newspaper round-up: BBC, airlines, OpenAI

(Sharecast News) - The BBC has started a redundancy process in its TV and streaming division, heightening staff fears that Matt Brittin will announce the closure of the poorly performing BBC Three and BBC Scotland channels next week. The corporation's director general, who has repeatedly said that linear TV and radio services may have to shut as audiences move online, is expected to inform staff on Wednesday of the latest stage of a plan to save £500m and shed up to 2,000 jobs. - Guardian Airlines will be blocked from charging parents extra to sit with their children on planes, according to government plans. The new rule would require airlines to seat passengers aged under 14 next to their parents or an accompanying adult free of charge. Passengers will also no longer need to pay to tweak the name on their flight booking if they need to correct a mistake. - Guardian

US officials have ramped up an investigation into the developer of ChatGPT after one of its most powerful AI systems went on a hacking spree. Rob Bonta, California's attorney general, confirmed on Thursday that the state's department of justice had issued a series of investigative subpoenas to OpenAI after its AI bots went rogue and launched an attack on another technology business. - Telegraph

BT's broadband rivals have warned of a legal quagmire if ministers allow the former state monopoly to take over troubled TalkTalk. Industry bosses raised concerns about breaches of competition rules after BT mounted an eleventh-hour effort to seize control of the ailing telecom provider. Any attempt by BT to take control of TalkTalk, Britain's fourth-biggest broadband provider with about 1.5 million customers, would attract significant concerns about market power. - Telegraph

The accounting industry regulator is "making inquiries" into the behaviour of accountants and auditors working with Manchester City, the football club at the centre of a financial scandal. The Financial Reporting Council has not opened a formal investigation into BDO, Manchester City's long-time auditor, but it has the power to should it see fit. The Times understands officials are deliberating behind the scenes if or when to get involved. - The Times

Sir Jim Ratcliffe is considering moving his Ineos Grenadier 4×4 company to the United States after President Trump's trade tariffs hit sales, helping to send it to a loss of more than €900m. In its third full year of trading, Ineos Automotive suffered a near 25 per cent fall in revenues directly related to the effect of the president's trade war on sales in America, which account for two in every three Grenadiers. - The Times

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(Sharecast News) - An internal watchdog said the Federal Reserve mismanaged costs associated with a $2.4bn renovation of its Washington DC headquarters, but noted that no criminal violations occurred, according to a report released on Wednesday. For over a year, Donald Trump has centered his attacks against the Fed and former chair Jerome Powell around the renovations, including a months-long Department of Justice criminal investigation that was dropped in April. - Guardian
Wednesday newspaper round-up: BrewDog, Barclays, Grant Thornton
(Sharecast News) - BrewDog's new owner has urged drinkers to give the ailing brand "a second chance" as it invests more than £50m in improving the company's beers, pubs and working conditions. The US cannabis and drinks company Tilray bought BrewDog for £33m in March this year, after the company collapsed into administration after five years of losses and a series of controversies relating to the treatment of workers under the founder James Watt. - Guardian
Tuesday newspaper round-up: BT, borrowings costs, RBA, tariffs
(Sharecast News) - BT has been blocked from offering rival broadband providers discounted access to its network over concerns that the plans would threaten competition. Openreach, BT's infrastructure division, proposed discounts of up to £9.50 per month to companies such as Vodafone, Sky and TalkTalk for using its broadband network. It had said this would allow broadband providers to offer households value for money. - Telegraph

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