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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: consumer confidence, easyJet, Thames Water
(Sharecast News) - Consumer confidence hit its highest level in almost two years in July, according to research that indicated the closing stages of the men's football World Cup and more people holidaying in the UK lifted summer spending. A truce in the Middle East conflict in June and the arrival of a new prime minister in No 10 also gave a lift to consumers after a long period of heightened uncertainty. A long-running monthly consumer spending survey by Barclays showed that 30% of those surveyed felt confident about the strength of the UK economy in July - representing a 21-month high and a six-percentage-point improvement on June. - Guardian
Monday newspaper round-up: Harvey Nichols, Heathrow, Lloyds Banking Group
(Sharecast News) - Andy Burnham has promised a series of measures to tackle the cost of living, including a ban on fake discounts and making it easier for people to escape unwanted subscriptions. The crackdown on "rip-off" business practices is expected to benefit consumers to the tune of £400m a year and will be the first in a range of "everyday fixes" to be implemented in the coming months. - Guardian
Friday newspaper round-up: Gas power stations, Apple, Raleigh
(Sharecast News) - Trains across parts of north-west England have ground to a halt after a power failure hit the signalling centre controlling the railway in the region. Passengers awaiting Northern and TransPennine trains have been advised not to travel, with widespread cancellations and other services delayed by more than an hour already. - Guardian
Thursday newspaper round-up: AI models, bank taxes, AstraZeneca
(Sharecast News) - Advanced artificial intelligence models have stunned the UK's AI Security Institute (AISI) by carrying out a hacking campaign against real people during a cybersecurity test. The institute said the incident was unprecedented and involved sending targeted emails to software developers in an attempt to pass a cyber challenge. - Guardian

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