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Wednesday newspaper round-up: Venezuela, Faculty, Heathrow

(Sharecast News) - Donald Trump has said Venezuela will be "turning over" $2bn worth of Venezuelan crude to the United States, a flagship negotiation that would divert supplies from China while helping Venezuela avoid deeper oil production cuts. "This Oil will be sold at its Market Price, and that money will be controlled by me, as President of the United States of America, to ensure it is used to benefit the people of Venezuela and the United States!" Trump said in a post online. - Guardian Tougher rules on drink-driving, eye tests for older motorists and automatic emergency braking in new cars will be mandated by the government in an attempt to significantly reduce casualties on Britain's roads. The first road safety strategy in more than a decade aims to save thousands of lives with a range of measures, from training and technology to stiffer penalties for offenders. - Guardian

A billionaire hedge fund boss who became a champion of climate change campaigners paid himself £60m last year after a surge in performance at his investment fund. Sir Chris Hohn, one of Britain's most successful money managers, received the cash through an annual dividend payment from his Mayfair-based investment group The Children's Investment Fund Management (TCI). - Telegraph

An artificial intelligence (AI) business that helped provide crucial data to Dominic Cummings' Vote Leave campaign has been sold in a $1bn (£740m) deal. Faculty, a London technology business that provides AI tools for the public sector and businesses, said it had agreed to be acquired by Accenture, the US-listed consulting giant. - Telegraph

The business behind a flawed Post Office IT system that led to the wrongful convictions of hundreds of sub-postmasters has been accused of being a "parasite" on British taxpayers. Fujitsu, architect of the Horizon computer system, is under pressure from MPs over its refusal to say how much it would contribute to the £1.8 billion cost of providing redress for the scandal, even as it continues to benefit from public sector contracts. - The Times

The rival bidder for Heathrow's third runway has accused the airport of "taking people for a ride" by "gold plating" the planning costs for its £49 billion expansion project. Surinder Arora, founder and chairman of the eponymous hotels and property group, pointed to the vast difference in early planning expenses for the two schemes. - 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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