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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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Wednesday newspaper round-up: News Corp, BBC, Asda
(Sharecast News) - News Corp's global chief executive has described news organisations as a valuable "input" for artificial intelligence, as the media empire signs an AI content licensing deal with Meta worth up to US$50m (A$71m) a year. In an upbeat presentation, the chief executive of Rupert Murdoch's company, Robert Thomson, said the "reliable" breaking news and information in publications like the Australian, the Times of London and Dow Jones was "hard to beat" as an "input" for AI. - Guardian
Tuesday newspaper round-up: Anthropic's Claude, BrewDog, energy bills
(Sharecast News) - The AI model Claude has surged in popularity after being blacklisted by the Pentagon last week over ethics concerns. Claude climbed to the No 1 spot on Apple's chart of top free apps on Saturday in the US - dethroning OpenAI's ChatGPT, just one day after the Pentagon tapped OpenAI to supply AI to classified military networks. The bot's app climbed the iPhone app charts in the UK but did not beat out ChatGPT. Claude also raced up the Android charts in the US and UK, though ChatGPT reigned supreme, according to data from Sensor Tower. - Guardian
Monday newspaper round-up: OBR, Rolls-Royce, small businesses
(Sharecast News) - Rachel Reeves must reform the Office for Budget Responsibility (OBR) to open the way to more public investment, an alliance of thinktanks has argued ahead of the chancellor's spring forecast on Tuesday. With Keir Starmer's government under intense pressure after Labour's defeat by the Greens in Thursday's Gorton and Denton byelection, the thinktanks called on Reeves to review the watchdog's remit. - Guardian
Friday newspaper round-up: Mandelson, social media, Lloyds
(Sharecast News) - Peter Mandelson is facing an inquiry by the EU's anti-fraud agency after the European Commission requested the body look into his activities during his time as trade commissioner in Brussels. The commission said it referred the peer, 72, to the European Anti-Fraud Office, known as Olaf, last week after the US Department of Justice released documents allegedly showing he shared sensitive government information with sex offender Jeffrey Epstein. - Guardian

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