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Thursday newspaper round-up: Daily Mirror, Tesla, Unaoil

(Sharecast News) - Nurses, care home staff and police officers working on Christmas Day will be thousands of pounds worse off than they were a decade ago as a result of wages failing to keep pace with prices, Trades Union Congress analysis has shown. Urging the government to raise the minimum wage to £10 an hour, the TUC said the key workers expected to keep Britain going on 25 December had taken real pay cuts since 2010. - Guardian The EU has taken a first step in setting a 15% minimum corporate tax for multinationals, in line with a global agreement struck earlier this year, as the White House has hit a hurdle in its efforts to turn the pact into law. Announcing the launch of a new EU tax directive, Paolo Gentiloni, commissioner for the economy, said he expected the 27 member states to agree on the fine details within six months despite concerns held in some European capitals. - Guardian

The publisher of the Daily Mirror faces an intervention by the Pensions Regulator after refusing demands from its retirement scheme to make larger contributions to address a substantial funding deficit. Reach, which as well as the Mirror titles publishes the Express, the Star and dozens of regional newspapers and websites, has hit a stalemate in triennial negotiations with the trustee of its pension fund. - Telegraph

Telsa is being investigated by US authorities for allowing video games to be played on the dashboard while vehicles are moving. The "Passenger Play" feature is used in about 580,000 Teslas in the US. Concerns have been raised that drivers themselves can play games while the car moving, or be distracted by passengers playing on the car's large central touchscreen. - Telegraph

A second former energy company executive is to appeal a bribery conviction as pressure mounts on fraud investigators over their handling of the Unaoil prosecutions. Lawyers for Paul Bond, 69, a former senior sales manager at SBM Offshore, a Dutch company, told The Times that they had lodged papers with the Court of Appeal to challenge his conviction. - The Times

A former hedge fund faces a £40.8 million fine from the City watchdog for failing to manage conflicts of interest created by an investment pot that was open only to the firm's employees. The penalty from the Financial Conduct Authority centres on alleged shortcomings in the way that BlueCrest Capital Management UK handled the movement of its traders between an external fund for outside investors and an internal vehicle that managed the personal wealth of its staff and partners. - The Times

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Thursday newspaper round-up: JCB, M&S, smart meters
(Sharecast News) - The British digger maker JCB, owned by the billionaire Bamford family, continued to build and supply equipment for the Russian market months after saying it had stopped exports because of Vladimir Putin's invasion of Ukraine, the Guardian can reveal. Russian customs records show that JCB, whose owners are major donors to the Conservative party, continued to make new products available for Russian dealers well after 2 March 2022, when the company publicly stated that it had "voluntarily paused exports" to Russia. - Guardian
Wednesday newspaper round-up: Brexit border outages, Boeing, Stellantis
(Sharecast News) - Lorries carrying perishable food and plants from the EU are being held for up to 20 hours at the UK's busiest Brexit border post as failures with the government's IT systems delay imports entering Britain. Businesses have described the government's new border control checks as a "disaster" after IT outages led to lorries carrying meat, cheese and cut flowers being held for long periods, reducing the shelf life of their goods and prompting retailers to reject some orders. - Guardian
Tuesday newspaper round-up: Tesco, OpenAI, housebuilding
(Sharecast News) - Tesco is facing criticism from "shocked" charities who say they are struggling to distribute unwanted food to homeless and hungry people after they claim the retailer brought in rules that mean unwanted food can only be collected in the evening. The supermarket group has switched to a new system which asks charities to pick up unwanted food, such as items reaching their best before date, only in the evening when a store is closing rather than the following morning, the charities have claimed. - Guardian
Monday newspaper round-up: BT, ultra-long mortgages, Fever-Tree
(Sharecast News) - BT has said it is increasingly using artificial intelligence to help it detect and neutralise threats from hackers targeting business customers amid repeated attacks on companies. The £10.5bn group is aiming to build up its business protecting customers from online criminals and has patented technology that uses AI to analyse attack data to allow companies to protect their tech infrastructure. British businesses are routinely facing hacking attempts, and some recent high-profile victims have included including the outsourcer Capita, Royal Mail and British Airways. - Guardian

Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.

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