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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: Business rates, Barclays, Moonshot
(Sharecast News) - Business rates will be cut by 20% for pubs, clubs and live music venues across England from April next year, Downing Street has announced. The discount will apply to nearly 32,000 hospitality businesses and is expected to save a typical pub about £1,100 annually, but will not be available to the very largest live music venues. - Guardian
Wednesday newspaper round-up: Donald Trump, Airbus, Heathrow
(Sharecast News) - Donald Trump must divulge detailed financial information from his many businesses as part of his $10bn defamation lawsuit against the British Broadcasting Corporation, a federal judge ruled during a discovery hearing on Tuesday, according to news reports. The ruling by US magistrate judge Enjoliqué Lett could open a unique window into the hundreds of businesses owned by Trump's family trust. It also highlights a potential drawback for Trump's strategy of bludgeoning critical media with multibillion-dollar lawsuits. - Guardian
Tuesday newspaper round-up: Wealth tax, Paramount, UK pension funds
(Sharecast News) - Andy Burnham has announced a fresh tax cut to remove VAT from domestic electricity bills from 1 October, a move that will funded from cancelling the Digital ID programme. The prime minister said in a statement: "Westminster has not been working for people for too long, with families struggling with the cost of living. That needs to change. I said I wanted to give people breathing space, and that's what I'm announcing on my second day as prime minister." - Guardian
Monday newspaper round-up: Pay gap, Thames Water, Boohoo
(Sharecast News) - The bosses of Britain's largest listed companies received record pay last year, fuelling the widest earnings gap with workers in eight years. Median pay for FTSE 100 chief executives hit £5.06m in the last financial year, according to data released by the High Pay Centre, an 8.6% increase on £4.66m the previous year and the highest level on record. Executive remuneration has been rising steadily since the pandemic, when CEOs took pay and bonus cuts as the lockdowns affected business performance. - Guardian

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