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Wednesday newspaper round-up: Migration, women in tech, mini-nukes

(Sharecast News) - The UK economy would be 3.6% smaller by 2040 if net migration fell to zero, forcing the government to raise taxes to combat a much bigger budget deficit, a thinktank has predicted. The National Institute of Economic and Social Research (NIESR) said falling birthrates in the UK and a sharp decrease in net migration last year had led it to consider what would happen if this trend continued to the end of the decade. - Guardian Women working in tech and financial services are at greater risk of losing their jobs to increased use of AI and automation than their male peers, according to a report that found experienced females were also being sidelined as a result of "rigid hiring processes". "Mid-career" women - with at least five years' experience - are being overlooked for digital roles in the tech and financial and professional services sectors, where they are traditionally underrepresented, according to the report by the City of London Corporation. - Guardian

Mini-nukes backed by the likes of Bill Gates and Jeff Bezos could be built in Britain for the first time after ministers paved the way for privately funded power plants. On Wednesday, the Energy Department, overseen by Ed Miliband, confirmed the launch of an "advanced nuclear pipeline" to help private sector projects get off the ground. - Telegraph

The Barclay family's sale of a house in Switzerland has triggered fears that they could put money beyond the reach of bankers chasing debts of £140m. On Tuesday, HSBC told the High Court it was concerned that brothers Aidan and Howard Barclay were "playing for time" in bankruptcy proceedings and could use a delay to "dissipate" their assets. - Telegraph

An internal investigation by Crispin Odey's now-defunct hedge fund uncovered at least 46 allegations of "inappropriate conduct" against him with female employees over a period spanning 17 years, a court has been told. His alleged behaviour ranged from an allegation of sexual assault in 2005 to a claim he brought a recently purchased skirt into his firm "and required a receptionist to try it on and show it to him, ostensibly to see if it would fit his daughter", according to a court filing by the Financial Conduct Authority, which is locked in a legal battle with the man who is one of Britain's best-known investors. - The Times

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Wednesday newspaper round-up: Tariffs, BitMEX, Character.AI
(Sharecast News) - The business secretary has hit back at European demands for British tariffs on Chinese imports, saying the government will not change its trade rules because of pressure from Brussels. Jonathan Reynolds warned that the government would not bow to calls from other countries for the UK to hit Chinese vehicles with import taxes, despite political pressure to align with the EU in exchange for deeper future economic ties. - Guardian
Tuesday newspaper round-up: IMF warning, Poundland, Burberry
(Sharecast News) - The global economy "could soon test the limits of resilience", as emergency oil stocks run low and government budgets become overstretched, the International Monetary Fund has warned. In its twice-yearly World Economic Outlook, the IMF said global growth had withstood the Middle East conflict better than feared over the past six months. It said the rerouting of oil supplies away from the strait of Hormuz, and the release of strategic energy stocks, had helped to contain the impact on oil prices from the US-Iran war. - Guardian
Monday newspaper round-up: Budget, van drivers, Heathrow
(Sharecast News) - John Healey has been warned by Britain's leading tax and spending experts that his budget risks being a "work of fiction" unless he sets out plans to cover £35bn in spending pressures. As the war in the Middle East rattles the public finances, the Institute for Fiscal Studies (IFS) said the damage from higher inflation meant the chancellor would need to either top up funds for his current government spending plans or impose deep real-terms cuts by the end of the decade. - Guardian
Friday newspaper round-up: Goldman Sachs bonuses, TalkTalk, credit card defaults
(Sharecast News) - Top bosses at Goldman Sachs are in line to share a bonus pot worth up to $500m (£378m) this year, marking one of the biggest payouts in the Wall Street bank's history. The eye-watering sum will be shared between 20 bankers, with its chief executive, David Solomon, due to take about $100m (£75.6m) of the reward, which is made up of Goldman Sachs stock. That is more than double the value of the record $47m (£35.5m) annual pay packet he was granted last year. - Guardian

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