Monday newspaper round-up: Online gambling, Gatwick, Boeing, Tesla

The gambling industry watchdog is preparing to ban bookmakers from taking credit card deposits for betting online, in the latest move to prevent the exploitation of vulnerable customers. The Gambling Commission is expected to announce the long-awaited ban on credit card wagers, with the rules due to be unveiled as soon as Tuesday. Well-placed sources said an announcement by the regulator was imminent. It comes two years after charity groups such as GambleAware and Citizens Advice urged the government to implement the policy to protect people from sliding into gambling addiction. – Guardian

The government fightback against the next recession should include pumping as much as £50bn into green projects, in a move that would help reboot the economy and tackle the climate emergency, according to a left-leaning thinktank. Against a backdrop of concern among economists that Britain is ill-equipped to combat another downturn on the scale of the 2008 financial crisis, the New Economics Foundation thinktank said a green plan to beat a future slump was required. – Guardian

Gatwick’s second largest shareholder has quietly sold its remaining stake in Britain’s second-busiest airport to partners in its own fund. Global Infrastructure Partners (GIP), a $51bn (£39bn) money manager whose portfolio includes Edinburgh Airport, is understood to have transferred its 21pc stake in Gatwick into a so-called continuation vehicle. The arrangement will allow GIP’s investors to continue owning the asset after the 13-year-old fund’s life cycle ends. – Telegraph

Boeing is facing a bill of more than $8 billion in compensation for airlines whose 737 Max aircraft are grounded or undelivered, with the bill rising by $1 billion every month. That is the conclusion in a paper prepared for the industry by Chris Tarry, the veteran aviation economist. – The Times

The biggest shareholder in Tesla after Elon Musk was so concerned by a string of setbacks hitting the electric car company last year that it commissioned a special internal review to decide whether to reduce its 10 per cent stake, it can be revealed. Baillie Gifford, the Edinburgh-based fund management group, commissioned the review, known by insiders at the firm as a “Devil’s Advocate” exercise, to consider whether its bullish view of the company was misguided. – The Times