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Tuesday newspaper round-up: Trump, Santander, Heathrow

(Sharecast News) - Donald Trump signed a memorandum on inflation and multiple orders aimed at lowering energy prices, but the incoming president's advisers offered few details on the policies, raising serious questions about whether the new administration will be able to address one of Americans' most pressing concerns. During a press call on Monday morning, incoming White House advisers pledged that Trump would pursue an "all of government approach to bringing down costs for American citizens" but they declined to outline concrete steps that the administration would pursue to lower prices. - Guardian Santander has rushed out a note to senior managers after it emerged that the lender's Spanish owner is reviewing the future of its UK business amid mounting frustrations over regulation. The chief executive of Santander's UK corporate and commercial bank, John Baldwin, sent out a memo outlining how to respond to clients and its 21,000 UK staff, who have been rattled by news that the bank could be put up for sale. - Guardian

More than three quarters of a million low-paid hotel and restaurant workers will be dragged into the National Insurance system under Rachel Reeves's "regressive" changes. The Chancellor's decision to lower the threshold for employer National Insurance (NI) contributions means 774,000 hospitality sector workers will be newly eligible for the tax, according to UKHospitality. - Telegraph

Rachel Reeves is set to back a third runway at Heathrow as Labour steps up efforts to boost economic growth. The Chancellor is preparing a sweeping endorsement of airport expansion as the government seeks to bolster its pro-growth credentials in the face of a stalling economy. In addition to providing support for the troubled effort to build a third runway at Heathrow, the government is understood to be poised to approve a second runway at Gatwick and greenlight an application for a near doubling of capacity at Luton. - Telegraph

Global chief executives have ranked the UK the second most important market for international investment, beaten only by America. The UK rose two places in the annual global CEO survey by PwC, the accounting and consulting firm. It is the highest position secured by Britain in the 28-year history of the survey. - The Times

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(Sharecast News) - The UK government will "wait and see" whether tariffs announced by Donald Trump "actually come to pass", a senior minister said. The US president announced what he called "reciprocal tariffs" on all other countries on Thursday evening, claiming it was "fair to all". But it was unclear how this would apply to the UK, especially as Trump suggested his policy regarded VAT as a tariff. - Guardian
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(Sharecast News) - California's home-insurance safety net does not have enough money to pay all of the claims from damage caused by the Los Angeles wildfires and has asked private insurers to contribute $1bn toward those claims. All private insurers operating in California are required to contribute to the Fair plan, a plan of last resort established so all Californians would have access to fire insurance. More than 450,000 California homeowners got their insurance through the Fair plan in 2024 - more than double the number in 2020. As of 4 February, the plan had received more than 4,700 claims from the Palisades and Eaton fires, almost half of which were for "total losses". - Guardian
Wednesday newspaper round-up: British economy, Heathrow, FOS
(Sharecast News) - The British economy is on course to expand by 1.5% this year after the budget gave a boost to public spending but could be blown off course if Donald Trump goes ahead with threatened tariffs, a leading economic thinktank has warned. In a boost to Rachel Reeves after a bruising month of negative economic figures, the National Institute of Economic and Social Research (NIESR) upped its annual growth prediction from 1.2% to 1.5%. - Guardian
Tuesday newspaper round-up: OpenAI, EVs, gas prices
(Sharecast News) - Elon Musk escalated his feud with OpenAI and its CEO Sam Altman on Monday. The billionaire is leading a consortium of investors that announced it had submitted a bid of $97.4bn for "all assets" of the artificial intelligence company to OpenAI's board of directors. The startup, which operates ChatGPT, has been working to restructure itself away from its original non-profit status. OpenAI also operates a for-profit subsidiary, and Musk's unsolicited offer could complicate the company's plans. The Wall Street Journal first reported the proposed bid. - Guardian

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