Source: Sharecast
A proposed ban on social media for under-16s has been rejected by MPs. Parliamentarians voted 307 to 173, majority 134, against the proposed change to the children’s wellbeing and schools bill, which was brought forward by Conservative peer and former minister John Nash. The age limit had been backed by peers earlier this year after growing calls from campaigners including the actor Hugh Grant. – Guardian
More than 700 staff at the Bank of England applied to leave their roles in return for a pay-out as it experienced overwhelming demand for the resignation scheme. The Bank said 446 people will leave their roles – equal to around 8pc of its employees – after they came forward to take part in its voluntary resignation scheme. – Telegraph
Sir Nick Clegg has joined the board of Nscale, the British developer of data centres for powering artificial intelligence technologies, as it completed a fundraising round that values it at $14.6 billion. The former UK deputy prime minister and former president of global affairs at the social media group Meta became a director of Nscale alongside Sheryl Sandberg, Meta’s former chief operating officer. – The Times
Yorkshire Water is to have a new major shareholder, brought in to help pay off £600 million in loans due next year. EQT, a Swedish investment firm best known in the UK for rescuing FirstGroup by taking its failing US businesses off its hands, has taken a 42 per cent stake in Kelda, the parent company of the privatised regional monopoly, for an undisclosed sum. – The Times