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Friday newspaper round-up: UK chemical plants, home workers, BAE Systems

(Sharecast News) - A Cheshire chemicals factory is to start capturing carbon dioxide on an industrial scale from energy generation in what is described as the UK's first major use of the emissions-reduction technology. Tata Chemicals Europe (TCE) hopes to capture 40,000 tonnes of the greenhouse gas per year, reducing its annual emissions by 10% and providing it with a supply of high-purity carbon dioxide that could be used in products ranging from glass and washing detergents to pharmaceuticals and food. - Guardian An Italian company's hacking tools were used to spy on Apple and Android smartphones in Italy and Kazakhstan, Alphabet Inc's Google said in a new report. Milan-based RCS Lab, whose website claims European law enforcement agencies as clients, developed tools to spy on private messages and contacts of the targeted devices, the report said. - Guardian

Employers across the country are preparing to slash pay for home workers as part of radical plans that could ignite a widespread backlash among staff. One in ten companies plan on reducing pay or benefits for home workers after failing to encourage people back to their desks by using a host of incentives, according to a survey of over 1,000 employers by the Chartered Institute of Personnel and Development (CIPD). - Telegraph

Oil and gas bosses rounded on Rishi Sunak over his new windfall tax at a private 40-minute meeting in Aberdeen as they step up efforts to shape the policy before legislation is passed. Executives warned that the higher tax on profits will make the UK a less attractive prospect and was forcing them to rethink investment plans just as the Government tries to boost domestic energy supplies, sources said. - Telegraph

Spain is ordering 20 Eurofighter Typhoon jets, with the UK's biggest defence contractor taking a £500 million slice of the £1.5 billion-plus contract. About 5,000 BAE Systems employees work directly on the Typhoon programme, with thousands more in the UK supply chain. - The Times

One of the government's top climate advisers has raised doubts over EDF's competence to build nuclear plants and called the decision to locate a proposed plant at Sizewell C in Suffolk ridiculous. Lord Deben, who chairs the climate change committee and lives in Suffolk, was accused by EDF of being a nimby after making the comments at a nuclear conference yesterday. - The Times

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Monday newspaper round-up: Pensioners and the Budget, interest rate expectations, Audi US factory
(Sharecast News) - The chancellor will use his Budget this week to protect pensioners and those saving for their retirement, as he announces plans to shield nearly 1m people from paying income tax. John Healey is expected to confirm on Wednesday that the full state pension will rise by £489 to £13,036 - equivalent to 3.9%. However, the rise will push about 1m people on low incomes who rely on the state pension above the £12, 570 personal allowance threshold, meaning they would be dragged into paying income tax. To retain the principle that the state pension is not taxable, Healey is expected to announce a rise in the tax-free allowance for low-income pensions to £13,036. The move will cost taxpayers £200m a year by 20230 - The Times
Friday newspaper round-up: Elon Musk/Skydance, North Sea wealth fund, retiring entrepreneurs
(Sharecast News) - Elon Musk has reportedly invested approximately $1bn in Skydance, the new media empire led by David Ellison. The deal comes alongside fresh equity infusions from existing investors, including board member Laurene Powell Jobs, Steve Jobs's widow. Semafor first reported the news. The investment follows Paramount's recent $111bn merger with Warner Bros Discovery, a huge acquisition that brought the media companies together under the Skydance name. At the head of the new media empire is David Ellison, the son of billionaire Oracle co-founder and Donald Trump ally Larry Ellison. - Guardian
Thursday newspaper round-up: AI companies, Waitrose, gas standing charges
(Sharecast News) - AI companies have told ministers they have 12 months to head off public opposition to datacentres in the UK or risk US-style protests that could threaten their construction. Successive dry summers and rising energy bills are increasing public scrutiny of plans for the huge computer warehouses that are used to train and run AI models, says a submission to the Labour government from a group including the AI infrastructure companies Nvidia, Microsoft and Cisco. - Guardian
Wednesday newspaper round-up: SpaceX, NatWest, Anthropic
(Sharecast News) - The UK government has approved the controversial Jackdaw gasfield in the North Sea, a widely expected move that will nonetheless dismay environmental campaigners and a number of Labour MPs. While Labour's 2024 election manifesto committed to a ban on new drilling licences in the North Sea, the companies behind Jackdaw and the Rosebank oilfield project, which is being decided on separately, have sought environmental approval for existing licences. - Guardian

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