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Monday newspaper round-up: Leicester factories, Google, household spending

(Sharecast News) - More than half of the Leicester garment workers involved in a new study say they are paid below the minimum wage and receive no holiday pay, almost two years on from revelations about poor standards in the city's factories. The study was commissioned by a new body, the Garment and Textile Workers Trust, which is funded by online fashion retailer Boohoo, as part of efforts to clean up its act after revelations about poor practice in the group's Leicester supply chain. - Guardian The suspension of a Google engineer who claimed a computer chatbot he was working on had become sentient and was thinking and reasoning like a human being has put new scrutiny on the capacity of, and secrecy surrounding, the world of artificial intelligence (AI). The technology giant placed Blake Lemoine on leave last week after he published transcripts of conversations between himself, a Google "collaborator", and the company's LaMDA (language model for dialogue applications) chatbot development system. - Guardian

A shorter week with no loss of pay seemed like a great idea during the strains of lockdown, when Samantha Losey was working "soul-destroying" 80-hour weeks. But after her communications company Unity was picked out of 500 applicants to join the world's biggest four-day working week pilot, which kicked off last Monday, the managing director began to get cold feet. The agency had just had an influx of new clients, and Losey felt this might not be the best time to test out such a radical idea after all. - Telegraph

The work from home revolution has caused "permanent scarring" to the UK's high streets as staff continue to shun the office months after pandemic restrictions have ended, the boss of a data firm has warned. Diane Wehrle, chief executive of Springboard, which tracks shop visitor numbers across the country, said footfall in towns and cities still remains well below pre-pandemic levels. - Telegraph

British household spending will shrink next year, the CBI has warned, as it called on the government to take measures to stimulate business investment to prevent a wider economic downturn. The organisation's latest economic forecast slashes growth this year and next and predicts that household spending will turn negative next year as a result of surging inflation squeezing living standards. - The Times

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(Sharecast News) - Ministers and senior MPs have warned that the UK's agreements with Donald Trump are "built on sand" after the Guardian established that the deal to avoid drug tariffs has no underlying text beyond limited headline terms. The "milestone" US-UK deal announced this month on pharmaceuticals, which will mean the NHS pays more for medicines in exchange for a promise of zero tariffs on the industry, still lacks a legal footing beyond top lines contained in two government press releases. - Guardian
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Tuesday newspaper round-up: Nissan, Morrisons, Ford
(Sharecast News) - Nissan has started the production of its latest electric car in Sunderland, a crucial step in the UK automotive industry's transition away from petrol and diesel. The Japanese manufacturer will launch the third generation of the Leaf on Tuesday, which was the first mass-market battery electric car to be built in the UK. Nissan has made 282,704 Leaf models at the north-east England plant so far. - Guardian
Monday newspaper round-up: Cryptocurrencies, jobs downturn, Cycle Pharma
(Sharecast News) - Cryptocurrencies will be regulated in a similar way to other financial products under legislation coming into force in 2027. The Treasury is drawing up rules that will require crypto companies to meet a set of standards overseen by the Financial Conduct Authority (FCA). Ministers have sought to overhaul the crypto market, which has ballooned in popularity as a way of investing money and making payments. Cryptocurrencies have not been subject to the same regulation as traditional financial products such as stocks and shares, which means that in many cases consumers do not enjoy the same level of protection. - Guardian

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