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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: Food crisis, Universal Music, Samsung
(Sharecast News) - Britain is "sleepwalking into a food crisis" caused by extreme weather, inflation and the impacts of the Iran war - and the government is failing to take the threat seriously, food experts have said. Farmers are facing severe strain from the current heatwave following a dry spring, with many crops likely to yield less as temperatures rise beyond their tolerance. Livestock are also suffering heat stress and there is a rising risk of wildfires. Economic losses are likely to be measured in the hundreds of millions of pounds. - Guardian
Wednesday newspaper round-up: Energy price cap, Post Office Horizon, Radley
(Sharecast News) - Households will face the steepest summer rise in energy charges in four years after months of soaring market prices caused the government's energy price cap for Great Britain to climb by 13%. Under the cap the average gas and electricity bill will increase to the equivalent of £1,862 a year from July until the end of September to take account of the rise in global energy market prices caused by the war on Iran. - Guardian
Tuesday newspaper round-up: Meta, British businesses, Eurowag
(Sharecast News) - Rachel Reeves has instructed cabinet colleagues to award government contracts in four critical industries directly to British companies, making clear her irritation that ministers have been sending too much government business abroad. In a letter seen by the Guardian, the chancellor tells every cabinet minister in charge of a spending department to "buy British" wherever possible, adding that she is disappointed they are not already doing so. - Guardian
Friday newspaper round-up: Cancelled govt projects, oil and gas tax raid, recession risk
(Sharecast News) - Cancelled government projects such as the Rwanda deportation scheme and the road tunnel under Stonehenge are wasting billions of pounds of taxpayer money a year, parliament's spending watchdog has found. About £6.6bn was written off by government departments last year alone - state spending that did not achieve its intended objectives or create any value for the taxpayer, the public accounts committee said. - Guardian

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