Wednesday newspaper round-up: AI, Caterpillar, Lisa Cook
By Michele Maatouk
Date: Wednesday 27 Aug 2025
(Sharecast News) - UK companies spent up to £65m last year on licences to export food and agricultural products to the EU - costs that the government is promising to eliminate as part of a new deal to be agreed by 2027. Government figures released on Tuesday showed it issued 328,727 such licences last year, at a cost of between £113 and £200 each. That would put the total cost to business at somewhere between £37m and £65m. - Guardian
Half of adults in the UK are concerned about the impact of artificial intelligence on their job, according to a poll, as union leaders call for a "step change" in the country's approach to new technologies. Job losses or changes to terms and conditions were the biggest worries for the 51% of 2,600 adults surveyed for the Trades Union Congress who said they were concerned about the technology. - Guardian
Norway's wealth fund has dumped its £1.8bn holding in Caterpillar over concerns Israel is destroying Palestinian homes with its bulldozers. Norges unveiled the move on Tuesday after its ethics council claimed that Caterpillar's D9 bulldozers were being used in the "unlawful destruction of Palestinian property" on the West Bank and in Gaza. - Telegraph
A US central banker, who Donald Trump claimed he had sacked, is suing the US president over his "illegal" attempts to remove her from office. Lisa Cook, a member of the independent Federal Reserve's governing body, hit back at Mr Trump's claims by threatening legal action against the president. Abbe Lowell, a lawyer for Ms Cook, warned that Trump had "no authority" to remove her from her position on the board of the Federal Reserve. - Telegraph
A Russian-born City trading tycoon has earned one of Britain's biggest ever payouts after taking home a £682 million share of his company's profits last year. The bumper payday for Alex Gerko underscores his status as one of the UK's richest people and cements his XTX Markets firm as one of the country's most profitable privately owned businesses. - The Times
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