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Tuesday newspaper round-up: Mark Zuckerberg, BoE, electric car batteries

(Sharecast News) - Washington DC's attorney general has sued Mark Zuckerberg, seeking to hold the Facebook co-founder personally responsible for his alleged role in allowing the political consultancy Cambridge Analytica to harvest the personal data of millions of Americans during the 2016 election cycle. The suit, filed in the capital by the District of Columbia attorney general, Karl Racine, alleges that Zuckerberg directly participated in policies that allowed Cambridge Analytica to gather the personal data of US voters without their knowledge in an attempt to help Donald Trump's election campaign. - Guardian The Bank of England will be forced to continue home working if it wants to hire more staff despite the "benefits" of face-to-face conversations, Andrew Bailey has said. The Governor warned the Bank could struggle to recruit if it refuses to let employees work from home, but said he wanted more of them to come into the office. - Telegraph

The cost of electric car batteries will surge 15pc if metal prices remain high, in a blow to millions of consumers seeking to upgrade, the International Energy Agency (IEA) has warned. Supply disruption caused by Russia's war in Ukraine is adding to already surging costs of key components in electric vehicle (EV) batteries, such as nickel and cobalt, forcing manufacturers to pay more or try to find other sources. - Telegraph

A proposed new nuclear power plant in north Wales could cost as much as £17 billion but would be quicker and cheaper to build than EDF's Hinkley Point C in Somerset, according to the American consortium behind the project. Westinghouse, the reactor maker, and Bechtel, the engineering group, hope to win government support and potential taxpayer investment for their plan to build two reactors at Wylfa on Anglesey. - The Times

Almost one in five British workers expect to switch to a new job in the coming year as they seek higher pay. Eighteen per cent said they were very likely to switch to a new employer in the next 12 months, with a desire for a pay rise driving 72 per cent of those employees. More than a quarter, or 27 per cent, plan to ask for more money next year, according to the survey by PwC of about 2,000 UK workers and a further 50,000 from across the world. - The Times

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Thursday newspaper round-up: Poundland, Heathrow, London luxury home sales
(Sharecast News) - The boss of Nats has said he was "the most disliked person in the UK" after air traffic control systems failed twice in September, disrupting flights for hundreds of thousands of passengers. He told an aviation industry conference: "My name is Martin Rolfe, I'm the CEO of Nats - or as I like to think of myself, the most disliked person in the UK in September." - Guardian
Wednesday newspaper round-up: Aldi, Bank of England, Nvidia
(Sharecast News) - Aldi's UK business is cutting hundreds of head office and logistics roles as part of a global effort to trim costs at the budget grocer. The retailer is consulting with its technology team on the loss of up to 150 roles after 103 redundancies in its finance and administration team earlier this year and almost 20 more redundancies among buying directors. One affected worker described the cuts as "shortsighted" and said they showed that "upper management [are] woefully out of touch with the reality". - Guardian
Tuesday newspaper round-up: European manufacturers, Rosneft, Darktrace, Mars
(Sharecast News) - Young people in Britain are bearing the brunt of a "low-gear economy" as employers hold back from hiring amid the fallout from the war in the Middle East, a deputy governor of the Bank of England has warned. Clare Lombardelli, the Bank's deputy governor for monetary policy, said the unfolding conflict, which has triggered a surge in energy prices and clouded the outlook for the economy, was contributing to an increase in youth unemployment. - Guardian
Monday newspaper round-up: Youth jobs crisis, 79th Group, Hargreaves Lansdown owners
(Sharecast News) - Fixing Britain's youth jobs crisis will require ministers to drastically increase investment in employment support while avoiding arbitrary cuts to benefits, the head of the trade union movement has said. Before an important official report expected next week, the general secretary of the Trades Union Congress, Paul Nowak, said the government had a "once in a generation chance" to secure young people's futures. - Guardian

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