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Friday newspaper round-up: Anti-strike laws, recruiters, crypto kiosks

(Sharecast News) - Rishi Sunak's "spiteful" new anti-strike laws have created a "galvanising moment" for the UK's trade union movement, the TUC general secretary has said. Speaking before a special congress of union leaders on Saturday about how to respond to the Strikes Act, Paul Nowak promised the TUC would throw its weight behind any worker hit by the new law. - Guardian Britain's largest recruiters have warned the Bank of England that demand for permanent hiring among UK businesses has plunged at the second fastest rate since the pandemic, amid worsening headwinds for the UK economy. Ahead of the central bank's decision on interest rates on 14 December, the Recruitment and Employment Confederation (REC) trade body said lingering economic uncertainty and hesitancy to commit to new hires had weighed on activity in November. - Guardian

Sir Rocco Forte is planning a trip to Saudi Arabia next year to scout for hotel locations. The tycoon, whose £1.2bn group includes Brown's Hotel in Mayfair and the Balmoral Hotel in Edinburgh, is eyeing a Middle Eastern expansion after inking a deal with Saudi Arabia's sovereign wealth fund. Under the tie-up, the Public Investment Fund (PIF) is taking a 49pc stake in Rocco Forte Hotels, with Sir Rocco and his sister Olga Polizzi retaining the other 51pc. - Telegraph

The Financial Conduct Authority took more than three years to crack down on illegal crypto kiosks in Britain, according to an official report that raises concerns about the sluggish response of the regulator to new financial threats. The National Audit Office said "there can be a significant delay between the FCA identifying an issue and it taking action" and pointed to the failure to act quickly on so-called crypto automated teller machines as an example. - The Times

The billionaire hedge fund tycoon Sir Chris Hohn has awarded himself a £275 million dividend despite a near halving of annual profits at his investment firm. The $346 million payout from his TCI Fund Management Limited business follows a record $689.6 million dividend distributed by the group a year earlier, which was the biggest ever enjoyed by an individual based in the UK. While this year's payout is significantly lower after volatile markets knocked TCI's investment performance, Hohn nevertheless remains in the top ranks of Britain's best-paid business figures. - The Times

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Thursday newspaper round-up: Border controls, McKinsey, KPMG
(Sharecast News) - New post-Brexit UK border controls coming into force later this month will cost British businesses £2bn and fuel higher inflation, according to a report warning that UK-EU trade will be damaged as a result. With less than a month before the introduction of new checks on animal and plant products from 30 April, the insurer Allianz Trade said the controls agreed under Boris Johnson's Brexit deal could add 10% to import costs over the first year. - Guardian
Wednesday newspaper round-up: Shoplifting, EnQuest, Klarna
(Sharecast News) - The government is investing more than £55m in expanding facial recognition systems - including vans that will scan crowded high streets - as part of a renewed crackdown on shoplifting. The scheme was announced alongside plans for tougher punishments for serial or abusive shoplifters in England and Wales, including being forced to wear a tag to ensure they do not revisit the scene of their crime, under a new standalone criminal offence of assaulting a retail worker. - Guardian
Tuesday newspaper round-up: Pharma companies, Puig, Thames Water
(Sharecast News) - Rachel Reeves has said an incoming Labour government would launch a £5bn crackdown on tax avoiders to close a gap in its spending plans exposed by Jeremy Hunt scrapping the non-dom regime to finance tax cuts. Warning households and businesses that Labour was prepared to adopt tough measures to tackle tax fraud and non-compliance, Reeves said the funding would be used to pay for free school breakfast clubs and additional NHS appointments. - Guardian
Monday newspaper round-up: Boeing, rent rises, e-scooters, Santander UK
(Sharecast News) - US airline regulators have launched an investigation after an engine cowling on a Boeing plane fell off during takeoff and struck the wing flap. The Southwest Airlines flight 3695 rose to about 10,300ft (3,140 metres) before returning safely 25 minutes after takeoff to Denver international airport at about 8.15am local time on Sunday. It was towed to the gate after landing. The Boeing aircraft with 135 passengers and six crew members aboard had been headed to Houston. No one was injured. - Guardian

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