Wednesday newspaper round-up: Trade talks, Rachel Reeves, Google, OpenAI
By Michele Maatouk
Date: Wednesday 29 Oct 2025
(Sharecast News) - Donald Trump landed in South Korea on Wednesday to meet President Lee Jae Myung, with deadlocked talks over a $350bn trade deal between the two countries threatening to cast a shadow over the event. After arriving on a flight from Tokyo, where he signed a rare earths deal with Japan's new prime minister, Sanae Takaichi, the US president addressed a summit of CEOs ahead of a meeting with Lee in the town of Gyeongju, a historical city playing host to the annual Apec summit. - Guardian
Rachel Reeves has hired an economist from a Left-leaning think tank who said Brexit made the UK worse off. The Chancellor has bolstered her team of advisers by appointing Emily Fry, an economist focused on trade, who has several times described Brexit as an economic shock that damaged the UK's prosperity. - Telegraph
Google has been accused of promoting fake pension news to Britons after showing spam websites with misleading information at the top of its news feeds. Online stories falsely claiming that Labour is changing the pension age and that 62-year-olds will have to renew their driving licences have been among the most popular news articles on Google's Discover service in recent weeks. - Telegraph
OpenAI has finalised a restructuring plan with its external shareholder Microsoft that values the ChatGPT maker at $500 billion and clears the way for it to become a for-profit business. Under the deal OpenAI, which was founded as a research-focused non-profit business in 2015, will take on a more investor-friendly structure to allow it to raise capital. A non-profit called the OpenAI Foundation will hold equity in the company's for-profit arm. - The Times
The United States has announced an $80 billion plan to build a fleet of nuclear power plants for less than two thirds of the cost per gigawatt of Britain's Sizewell C project. About eight of Westinghouse's one gigawatt AP1000 reactors are to be built across America, under a partnership between the US government and the reactor-maker's owners, Brookfield and Cameco, to accelerate nuclear power deployment. - The Times
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