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Monday newspaper round-up: Turkey election, inflation, cannabis, Isle of Man, licence fee

(Sharecast News) - Record high turnout in a tightly fought election has presented the Turkish president Recep Tayyip Erdoğan with the greatest challenge to his leadership in two decades, with signs that the vote was heading for a runoff even as Erdoğan attempted to claim victory before an official vote count had ended. Speaking to a jubilant crowd of supporters, an energised and delighted Erdoğan declared: "The fact that the election results have not yet been finalised does not diminish the fact that our nation's choice is clearly in favour of us." - Guardian Graduates entering the labour market face real terms hits of up to £6,500 to their wages as starting salaries fail to keep pace with rampant inflation. University leavers starting work now are thousands of pounds worse off than before the pandemic, Telegraph analysis of Indeed data shows. The average graduate entering the job market today has a starting salary of £26,500, up from £24,000 at the start of 2019. - Telegraph

President Zelensky will be in London today for "substantive negotiations" with the prime minister, Rishi Sunak. The Ukrainian leader wrote on Twitter that the UK was a "leader" in supporting Ukraine and that "when it comes to expanding our capabilities on the ground and in the air". - The Times

The Isle of Man has for decades been dominated by offshore financial services, but now its government is planning a push for a new kind of economic growth: medicinal cannabis. The British crown dependency is hoping to licence as many as 10 firms by the end of 2025 to grow and export medicinal cannabis products from the island as part of a strategy to spur development. - Guardian

An Irish property tycoon behind Claridge's said he wanted to hire a "non-gay" manager to run the luxury London hotel, according to documents filed in the High Court. Patrick McKillen is also said to have described a female contractor as a "Spanish c---". The allegations mark the latest twist in a row between Mr McKillen and the Qatari royal Sheikh Hamad bin Jassim bin Jaber al-Thani, who controls the Maybourne Hotel Group, which owns Claridge's as well as the Berkeley and The Connaught hotels. - Telegraph

A project to update the technology behind the BBC's licence fee is behind schedule, over budget and considered to be in a critical state by Capita, the outsourcing company responsible for it. The project has been classified within Capita as "red", needing urgent attention, on an internal traffic-light system. Capita is responsible for administering the licence fee on behalf of the broadcaster in a five-year deal worth £456 million, after it won an extension to its contract last year. - The Times

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Sunday newspaper round-up: Middle East, Aston Martin, Defence
(Sharecast News) - Britons must accept that their country was now involved in the Middle East conflict, Tobias Ellwood said. The former defence minister warned that "nobody was in full control" of the growing conflict as more and more countries were sucked in. Ellwood also said that Tehran's strike had taken the conflict into a "new dangerous territory". - Sunday Telegraph
Friday newspaper round-up: Everton, AstraZeneca, Amazon
(Sharecast News) - Everton has paid about £30m in interest charges to an opaque lender associated with a tax exile, corporate records suggest. The charges appear to have reached about £438,000 a week, according to the troubled Premier League club's most recent set of accounts, a figure more than three times the reported wages of the Everton and England goalkeeper Jordan Pickford. - Guardian
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

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