Monday newspaper round-up: Arm CEO, Meta, Jes Staley
By Michele Maatouk
Date: Monday 01 Jun 2026
(Sharecast News) - The UK's financial watchdog is being urged to prove its relationship with the US tech company Palantir will not provide the Trump administration with backdoor access to troves of sensitive citizen and commercial data. A US law that can oblige tech companies to disclose information to American authorities may apply to Palantir's deal to help the Financial Conduct Authority detect crime, Martin Wrigley MP, a member of the House of Commons science and technology select committee, has warned. - Guardian
The chief executive of Arm is in line for a pay package that would make him a billionaire if he hits targets to turn the microchip firm into the UK's first trillion-dollar company. Arm, which is listed in New York but retains its global headquarters in Cambridge, has proposed a pay scheme for Rene Haas in which he will receive generous annual share awards plus a maximum bonus of $800m if he can hit certain "exceptional growth metrics". - Guardian
Britain's property market long felt like the most reliable bet of the post-war era. For decades, soaring house prices made generations of British homebuyers startlingly rich. Since 1982, after adjusting for inflation, figures from the Organisation for Economic Co-operation and Development (OECD) show real house prices in the UK have soared by no less than 300pc. - Telegraph
Meta is profiting from adverts on Facebook and Instagram promoting a controversial "frog poison" detox that has been linked to a number of deaths. The tech giant has run hundreds of adverts targeting British Instagram users marketing the drug known as Kambo. Adverts on Meta's social media platforms typically promote "healing" retreats in the UK or abroad, which include Kambo rituals. - Telegraph
The Australian travel company that operated the Bibby Stockholm asylum barge and overcharged UK clients by nearly £120 million has won 22 new contracts worth almost £250 million since the financial scandal emerged in August last year. While government agencies, such as the Home Office, said they were reviewing contracts secured by Corporate Travel Management (CTM), new deals continue to be awarded to the embattled company. - The Times
Jes Staley, the former head of Barclays, will be questioned by US politicians on Capitol Hill about his relationship with Jeffrey Epstein, the convicted sex offender. Staley has agreed to testify in front of the House oversight committee after its Republican chairman, James Comer, wrote to him in May. Staley is believed to have information that would help the committee's inquiry into the US government's oversight of the Epstein case. - The Times
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