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Tuesday newspaper round-up: Meta, Aviva Investors, Govia Thameslink

(Sharecast News) - Mark Zuckerberg has announced his social media empire is building what he claims is the world's fastest artificial intelligence supercomputer as part of plans to build a virtual metaverse. The Facebook founder said in a blogpost that the metaverse, a concept that blends the physical and digital world via virtual and augmented reality, will require "enormous" computing power. The AI supercomputer, dubbed AI Research SuperCluster (RSC) by Zuckerberg's Meta business, is already the fifth fastest in the world, the company said. - Guardian Aviva Investors, an important UK asset manager, has put the directors of 1,500 companies on notice that it is willing to seek their removal if they fail to show enough urgency in tackling issues including the climate crisis and human rights. The firm said the way it votes on the re-election of company board members in the upcoming AGM season would be heavily influenced by its four key stewardship priorities for the year, which also include biodiversity and executive pay. - Guardian

The biggest train operator in Britain is racing to avoid nationalisation as it struggles to overcome accounting failures in time to renew its contract. Plans have been drawn up to take Govia Thameslink into public control after its co-owner, Go-Ahead, on Monday delayed its accounts for a second time following a scandal at another of its rail franchises. - Telegraph

One of Britain's biggest asset managers is exploring how it can enable individual investors and institutions to buy "tokens" in buildings, funds and infrastructure assets. Abrdn, the investment group formerly known as Standard Life Aberdeen, is working with Citigroup on how to broaden access to investments in real assets using blockchain technology. - The Times

A post-Brexit government trade agency has launched a review into whether the UK should drop anti-dumping sanctions against Chinese steel producers. The new Trade Remedies Authority is to investigate whether Britain should relax duties on imports of heavy steel plate from the world's second largest economy. - The Times

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Tuesday newspaper round-up: King Charles, Google, offshore companies
(Sharecast News) - King Charles is set to receive official annual income of £132m next year, after his portfolio of land and property made more than £1bn in profits thanks to a boom in the offshore wind sector. Profits at the crown estate - which partly funds the monarchy - were flat at £1.1bn in its financial year to the end of March but more than double their level two years ago, at £442.6m. - Guardian
Monday newspaper round-up: Cyber attacks, Asda, Lloyds IT outages
(Sharecast News) - Shiploads of Minis, Aston Martins and Range Rovers will set sail for the US on Monday as the UK-US trade deal kicks in, but British farmers say they have been used as collateral to save the car industry. Auto shipments across the Atlantic were down more than half in May after Donald Trump's imposition of a 25% tariff on 3 April on top of an existing 2.5% levy. - Guardian
Sunday newspaper round-up: Elon Musk, Rolls-Royce, Lotus
(Sharecast News) - Elon Musk criticised Donald Trump's proposed tax and spending proposals on Saturday, labelling them "utterly insane and destructive". The tech mogul wrote on social media that "The latest Senate draft bill will destroy millions of jobs in America and cause immense strategic harm to our country!" He also believed that they were akin to political suicide for the Republican party. Musk was criticising a US Senate version of the bill. - Guardian
Friday newspaper round-up: Post office, local bus services, British vehicle production
(Sharecast News) - The police criminal inquiry into the Post Office Horizon IT scandal is investigating more than 45 individuals, with seven formally identified as main suspects. The investigation, which the police described as unprecedented in size and scale, is the first to examine potential offences of perjury and perverting the course of justice by those who made "key decisions" on Post Office investigations and supporting prosecutions of branch-owner operators. - Guardian

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