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Tuesday newspaper round-up: UK exports, Microsoft/Activision, UBS

(Sharecast News) - Britain has endured the worst exports record of any member of the G7 besides Japan over the last decade, according to a new analysis that will raise pressure on the government to reconsider its post-Brexit trade deal with the EU. As most of the world's other major seven economies have rebounded from the pandemic, export growth has remained sluggish in the UK at a time when businesses trading with the EU faced extra red tape and costs as a result of the country leaving the bloc. - Guardian The Federal Trade Commission asked a court to temporarily block Microsoft's acquisition of Activision Blizzard on Monday, seeking to halt the deal from closing before the government's case against the $69bn deal is heard. The FTC said Microsoft and Activision had signaled the deal could close as soon as Friday, and asked a federal judge to block any final agreement before 11.59pm ET on 15 June. - Guardian

UBS has axed a raft of senior Credit Suisse executives after the bank completed the takeover of its stricken rival. The Swiss lender said that a slew of Credit Suisse's most senior bosses will leave the combined company, while others will take on lesser roles, as UBS asserts its dominance following the historic tie-up. - Telegraph

The Financial Conduct Authority is facing mounting scrutiny of its handling of the Crispin Odey scandal amid pressure from MPs for the City regulator to reveal what it knew about misconduct allegations against the hedge fund manager. Odey, 64, was ousted from his eponymous hedge fund group on Saturday as partners at the firm scrambled to stabilise the business in the face of a series of sexual assault and harassment allegations against its founder. - The Times

One of Silicon Valley's leading venture capital firms has chosen London for its first international office, in a much-needed vote of confidence in the UK's technology sector. Andreessen Horowitz will open a London arm later this year of its crypto practice, which focuses on blockchain technologies and start-ups, managing about £6 billion of committed capital. The office is set to open this year.- The Times

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Sunday newspaper round-up: Middle East, Aston Martin, Defence
(Sharecast News) - Britons must accept that their country was now involved in the Middle East conflict, Tobias Ellwood said. The former defence minister warned that "nobody was in full control" of the growing conflict as more and more countries were sucked in. Ellwood also said that Tehran's strike had taken the conflict into a "new dangerous territory". - Sunday Telegraph
Friday newspaper round-up: Everton, AstraZeneca, Amazon
(Sharecast News) - Everton has paid about £30m in interest charges to an opaque lender associated with a tax exile, corporate records suggest. The charges appear to have reached about £438,000 a week, according to the troubled Premier League club's most recent set of accounts, a figure more than three times the reported wages of the Everton and England goalkeeper Jordan Pickford. - Guardian
Thursday newspaper round-up: Border controls, McKinsey, KPMG
(Sharecast News) - New post-Brexit UK border controls coming into force later this month will cost British businesses £2bn and fuel higher inflation, according to a report warning that UK-EU trade will be damaged as a result. With less than a month before the introduction of new checks on animal and plant products from 30 April, the insurer Allianz Trade said the controls agreed under Boris Johnson's Brexit deal could add 10% to import costs over the first year. - Guardian
Wednesday newspaper round-up: Shoplifting, EnQuest, Klarna
(Sharecast News) - The government is investing more than £55m in expanding facial recognition systems - including vans that will scan crowded high streets - as part of a renewed crackdown on shoplifting. The scheme was announced alongside plans for tougher punishments for serial or abusive shoplifters in England and Wales, including being forced to wear a tag to ensure they do not revisit the scene of their crime, under a new standalone criminal offence of assaulting a retail worker. - Guardian

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