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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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Tuesday newspaper round-up: BT, borrowings costs, RBA, tariffs
(Sharecast News) - BT has been blocked from offering rival broadband providers discounted access to its network over concerns that the plans would threaten competition. Openreach, BT's infrastructure division, proposed discounts of up to £9.50 per month to companies such as Vodafone, Sky and TalkTalk for using its broadband network. It had said this would allow broadband providers to offer households value for money. - Telegraph
Monday newspaper round-up: Heathrow, diesel cars, empty homes
(Sharecast News) - Plans for a third runway at Heathrow are once again up in the air after the prime minister refused to say whether he backs the "contested" project which is delayed by up to four years. Over the weekend it emerged that ​Heathrow no longer expects to meet the original 2035 deadline. Instead, the airport hopes to secure planning permission by 2029 and then open the runway "within a decade", meaning it would not be operational until 2039. - Guardian
Friday newspaper round-up: Food and drink trade deficit, datacentre project, Meta, Morgan Stanley
(Sharecast News) - The gap between Britain's food and drink exports and imports has neared its highest this century, as a combination of Brexit, war in the Middle East and US tariffs dented deliveries overseas while imports soared. The UK's food and drink trade deficit has risen to more than £21bn - the largest since 2000 - in what industry leaders said was a "wake-up call" for the government to protect homegrown produce in the interest of national security. - Guardian
Thursday newspaper round-up: Defence contractors, Bentley, McDonald's
(Sharecast News) - Defence contractors have promised to create 40,000 apprenticeships, work experience placements and jobs for young people each year, as Wes Streeting claimed to be overseeing a "ministry for growth". Labour is keen to demonstrate that the rapid increase in defence spending planned for the coming years, which may necessitate tax rises, will result in jobs in the UK. - Guardian

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