News Headlines - 18 March 2016

▽LSE says Brexit cost for households ￡850 a year - FT.com

The CEP team’s base case assumed that there would be no tariffs between the UK and Europe and Britain would have a relationship similar to Norway. Outside the EU’s customs union and free to make trade deals with third parties, Norway must still comply with EU regulations and must also prove the proportion of strictly Norwegian content in any goods exported to the EU.
These and other non tariff barriers, the study assumed, would raise trade costs so that the UK would ultimately face a quarter of the non tariff barriers in trading with the EU that the US currently faces. The researchers said this was the equivalent to a 2 per cent tariff on exports to the EU.

▽'A compromise too far': Iain Duncan Smith's resignation letter in full | The Guardian

Iain Duncan Smith has stepped down as work and pensions secretary in protest at the government’s planned cuts to disability benefits.

▽Google Puts Boston Dynamics Up for Sale in Robotics Retreat - Bloomberg Business

Executives at Google parent Alphabet Inc., absorbed with making sure all the various companies under its corporate umbrella have plans to generate real revenue, concluded that Boston Dynamics isn’t likely to produce a marketable product in the next few years and have put the unit up for sale, according to two people familiar with the company’s plans.

▽Scans of King Tut’s Tomb Reveal New Evidence of Hidden Rooms

Second round of radar scanning will look for more clues to what lies behind the walls of Tut’s burial chamber. One theory: the tomb of famous Queen Nefertiti.

▽Hulk Hogan Awarded $115 Million in Privacy Suit Against Gawker - The New York Times

The retired wrestler Hulk Hogan was awarded $115 million in damages on Friday by a Florida jury in an invasion of privacy case against Gawker.com over its publication of a sex tape — an astounding figure that tops the $100 million he had asked for, that will probably grow before the trial concludes, and that could send a cautionary signal to online publishers despite the likelihood of an appeal by Gawker.