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Wednesday newspaper round-up: Migration, women in tech, mini-nukes

(Sharecast News) - The UK economy would be 3.6% smaller by 2040 if net migration fell to zero, forcing the government to raise taxes to combat a much bigger budget deficit, a thinktank has predicted. The National Institute of Economic and Social Research (NIESR) said falling birthrates in the UK and a sharp decrease in net migration last year had led it to consider what would happen if this trend continued to the end of the decade. - Guardian Women working in tech and financial services are at greater risk of losing their jobs to increased use of AI and automation than their male peers, according to a report that found experienced females were also being sidelined as a result of "rigid hiring processes". "Mid-career" women - with at least five years' experience - are being overlooked for digital roles in the tech and financial and professional services sectors, where they are traditionally underrepresented, according to the report by the City of London Corporation. - Guardian

Mini-nukes backed by the likes of Bill Gates and Jeff Bezos could be built in Britain for the first time after ministers paved the way for privately funded power plants. On Wednesday, the Energy Department, overseen by Ed Miliband, confirmed the launch of an "advanced nuclear pipeline" to help private sector projects get off the ground. - Telegraph

The Barclay family's sale of a house in Switzerland has triggered fears that they could put money beyond the reach of bankers chasing debts of £140m. On Tuesday, HSBC told the High Court it was concerned that brothers Aidan and Howard Barclay were "playing for time" in bankruptcy proceedings and could use a delay to "dissipate" their assets. - Telegraph

An internal investigation by Crispin Odey's now-defunct hedge fund uncovered at least 46 allegations of "inappropriate conduct" against him with female employees over a period spanning 17 years, a court has been told. His alleged behaviour ranged from an allegation of sexual assault in 2005 to a claim he brought a recently purchased skirt into his firm "and required a receptionist to try it on and show it to him, ostensibly to see if it would fit his daughter", according to a court filing by the Financial Conduct Authority, which is locked in a legal battle with the man who is one of Britain's best-known investors. - The Times

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Monday newspaper round-up: Meta, capital gains, rare earth minerals...
(Sharecast News) - Meta has launched a fresh legal challenge against Britain's media regulator in the latest of a slew of actions by social media companies who are accused of using the courts to slow down implementation of the Online Safety Act. Lawyers for the parent company of Facebook served notice during the week in an appeal against placing WhatsApp and Instagram, which are also owned by Meta, in a category that subjects them to additional duties. - The Guardian
Friday newspaper round-up: Thames Water, British Steel, OITS
(Sharecast News) - Andy Burnham is under further pressure to take control of ailing Thames Water from a cross-party group of MPs who are calling for ministers to break off talks with the US hedge funds who are effectively running the company. Adding their voices to demands that the prime minister takes public control of the company, which has debts of £20bn and is being controlled by a group of 100 hedge funds and distressed-debt investors, the MPs said in a report that ministers should consider emergency legislation to take control of its financial affairs to stabilise the company. - Guardian
Thursday newspaper round-up: Gambling advertising, diesel prices, Revolut founder
(Sharecast News) - The UK should introduce a ban on almost all gambling advertising to protect public health, a cross-party group of peers has urged, prompting fury from the lobby group for bookmakers and casinos. In a 173-page report, the House of Lords liaison committee said the government had been "too passive" in response to an explosion of digital advertising and social media influencers promoting the gambling sector. - Guardian
Wednesday newspaper round-up: Global defence bank, KPMG, Frasers Group
(Sharecast News) - John Healey is in talks with the Canadian government about joining a new global defence bank intended to help allies rearm to counter mounting security threats, just weeks after Rachel Reeves rejected the move. The chancellor is understood to be actively considering a bid to join the proposed Canada-led defence, security and resilience bank (DSRB), which proponents say could help the UK fund defence projects at lower cost, before planned talks with his Canadian counterpart this week. - Guardian

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