Thursday newspaper round-up: Etsy, gas boilers, BP, Axel Springer

(Sharecast News) - Tighter rules are needed to ensure that the imported "used" cooking oil that airlines hope will power cleaner flights is not in fact virgin palm oil, campaigners have warned. About 80% of waste oil is imported to create biofuels that are mostly still used in cars, vans and lorries despite growing demand from aviation. About 60% of those imports come from China. - Guardian Etsy is laying off 225 employees in a bid to cut costs as it grapples with "very challenging" economic headwinds. The online retail company will reduce its headcount by about 11% after deciding that a "leaner, more agile" workforce would help shore up growth. - Guardian

The phaseout of gas boilers will push up household energy bills from as early as 2026 under plans to reach net zero, Ofgem has warned. The energy watchdog on Wednesday said consumers face paying at least £43 extra per year through network charges on their gas bill from 2026, under proposals to manage the shift away from gas heating. - Telegraph

The former boss of BP will lose up to £32m in pay after the oil giant's board found he knowingly misled them about a string of romantic affairs he had with colleagues. Bernard Looney resigned in September after admitting he had not been "fully transparent" about his past relationships when previously quizzed about the matter. - Telegraph

One of Britain's leading captains of ­industry over the past decade and a sometime adviser to Conservative prime ministers has been appointed by the ­Labour Party to lead a rethink of rail­infrastructure before the next general election. Jurgen Maier is a former UK head of Siemens, the German multinational, which employs thousands of people in Britain and is a leading player in the railway supply chain as a signalling and communications expert. - The Times

One of Europe's most powerful media houses has said it is going to use chatbots to promote its content. Axel Springer, the Berlin-based publisher, said it is partnering with OpenAI, the company behind ChatGPT, to deliver summaries of its output to people engaging with the chatbot. It is said to be a first deal of its kind by a mainstream publisher. - The Times