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Thursday newspaper round-up: Tesla Diner, Heathrow, motor finance scandal

(Sharecast News) - Whether it's poaching top talent away from competitors, acquiring AI startups or proclaiming that it will build data centers the size of Manhattan, Meta has been on a spending spree to boost its artificial intelligence capabilities for months now. The massive splurge is paying off, according to Meta's chief executive. In a new memo posted on Wednesday ahead of the company's quarterly earnings report, Mark Zuckerberg, describes his ambitions for developing what he calls "superintelligence". - Guardian Elon Musk's "retro-futuristic" Tesla Diner in Hollywood has become a new flashpoint for the "Tesla Takedown" movement, with dozens of protesters picketing the diner last weekend alongside inflatable tube figures of Musk performing a Nazi salute. The viral popularity of the new diner, which is surrounded by 80 Tesla charging stations and two giant movie screens, has sparked out-the-door lines, massive traffic jams, and two angry protests, all within its first week of operation. - Guardian

Hotel magnate Surinder Arora has unveiled a plan to build a third runway at Heathrow that he claimed would save billions of pounds compared with the airport's own blueprint. The proposals, drawn up with US civil engineering giant Bechtel, call for the construction of a 2.8km (1.7 mile) landing strip opening by 2035 at a cost of no more than £25bn. - Telegraph

Britain's main public broadcasters are paving the way for the looming switch-off of terrestrial TV as they ramp up their streaming offerings. The BBC, ITV, Channel 4 and Channel 5 have struck a new deal to make it easier to stream their shows on older televisions in preparation for the end of traditional TV signals. - Telegraph

Consumers caught up in the motor finance scandal risk losing up to 30 per cent of redress by signing up to paid services they do not need, regulators have warned. In an intervention ahead of a major Supreme Court ruling on Friday, the Solicitors Regulation Authority and Financial Conduct Authority, which have become increasingly concerned, have warned law firms and claims management companies over poor practices in commission claims. - The Times

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Thursday newspaper round-up: Youth employment, SpaceX, EY
(Sharecast News) - Britain is slipping down the global league table for youth employment amid a dramatic rise in worklessness that is putting a generation's future at risk, research has warned. Sounding the alarm over a worsening youth jobs crisis, the report from the accountancy firm PwC said Britain's economy was missing out on £26bn a year because of sharp regional divisions in youth joblessness. - Guardian
Wednesday newspaper round-up: UK borrowing costs, Channel 4, Anduril
(Sharecast News) - The "premium" that the UK pays to borrow money compared with its international peers may be coming to an end as markets grow more confident about the government's plans, a thinktank has suggested. The Institute for Public Policy Research (IPPR) said that the chancellor Rachel Reeves's announcement in the autumn budget that she would be more than doubling the UK's financial headroom by 2030 from £9.9bn to £22bn had begun to assure bond markets about Labour's fiscal approach. - Guardian
Tuesday newspaper round-up: household spending, British Library, Jamie Dimon, WPP
(Sharecast News) - UK households cut back on spending at the fastest pace in almost five years last month as consumers put Christmas shopping on hold, according to a leading survey. Adding to concerns that uncertainty surrounding the budget has helped dampen consumer confidence, Barclays said card spending fell 1.1% year on year in November - the largest fall since February 2021. The bank said retailers still enjoyed their busiest day of the year so far on Black Friday, with transaction volumes 62.5% higher than the average day for 2025. - Guardian
Monday newspaper round-up: Neso, local authorities, Anglo American
(Sharecast News) - Britain's energy system operator is pulling the plug on hundreds of electricity generation projects to clear a huge backlog that is stopping "shovel-ready" schemes from connecting to the power grid. Developers will be told on Monday whether their plans will be dismissed by the National Energy System Operator (Neso) - or whether they will be prioritised to connect by either the end of the decade or 2035. - Guardian

Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.

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