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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: JLR, Elon Musk, rental properties
(Sharecast News) - Jaguar Land Rover would have considered moving car production out of the UK and slashing jobs if not for a £380m subsidy for its sister battery company, government officials claimed privately. Officials at the Department for Business and Trade (DBT) warned in December that Britain's largest automotive employer may have triggered an exodus from the UK car industry, according to state aid documents prepared by the competition regulator. - Guardian
Friday newspaper round-up: Claire's, pensions triple lock, FT journalists
(Sharecast News) - The jewellery and accessories chain Claire's is expected to return to UK high streets with about 50 stores to be reopened from June onwards by the operator of its shops in France, Austria, Portugal and Spain. Julien Jarjoura, the French entrepreneur behind jewellery company Une Ligne, which sells online and via museum stores including the Louvre and the Palace of Versailles, said he had the blessing of the US owner of the Claire's brand, Ames Watson, to open stores in the UK and was signing new leases with UK landlords. - Guardian
Thursday newspaper round-up: Co-op, Jerome Powell, Elon Musk
(Sharecast News) - Co-op is secretly marking commonly stolen items including alcohol and laundry detergents with invisible "forensic spray" to track them, in the latest crackdown on shoplifting as a new law on retail crime kicks in. The supermarket aims to use the technique across the country having tested it in Manchester and London since last year. - Guardian
Wednesday newspaper round-up: Rent freeze, Barclay brothers, interest rates
(Sharecast News) - Britain is facing a £35bn economic hit and the risk of a recession this year as the fallout from the Iran war adds to the pressure on Keir Starmer's government, a leading thinktank has warned. The National Institute of Economic and Social Research (Niesr) said that even under a best-case scenario the UK economy would grow at a much slower pace this year and next because of the Middle East conflict. - 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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