Monday Newspaper Roundup: Gambling, Amazon Fresh, Business Loans

Loot boxes in video games will not be banned in the UK, despite a government consultation which found evidence of a “consistent” association between features and problem gambling. Loot boxes have been compared to games of chance because they allow players to spend money to unlock in-game rewards, such as special characters, weapons, or outfits, without knowing what they will get. – Guardian

Amazon’s grocery arm is to take on Tesco with a new price-matching promise as it becomes the latest retail giant to pledge to keep prices low for customers amid the cost crisis of life. Amazon Fresh will launch its Tesco Clubcard Price Match campaign on Monday, matching and freezing hundreds of prices based on discounts from the supermarket giant. – Guardian

A new £6billion business loan scheme is due to receive the green light from ministers within days, providing businesses with cheaper debt to survive the impending recession. Whitehall sources have said a longer-term successor to the Recovery Loan Scheme (RLS) is expected to be signed by the Treasury and the Business Department this week after the unveiling of the new state-backed lifelines was hampered by delays. – Telegraph

More and more people are canceling their video subscriptions to save money in the face of cost-of-living pressures, with those under 24 most likely to walk away. In the second quarter of the year, nearly 1.66 million services were removed from Netflix, Now and Disney in the UK and more than a third of these were directly attributable to people tightening their belts. Half a million households have canceled all their subscriptions, according to Kantar, the market researcher. – The temperature

The architect of a failed plan to sell one of Britain’s oldest mutual insurers to a US private equity firm is to leave the business. Mark Hartigan, chief executive of LV=, will leave in the autumn in a departure orchestrated by his board colleagues, Sky News first reported. The announcement could come as soon as today, although it’s unclear whether Hartigan will receive a payout. – The temperature

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