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Thursday newspaper round-up: Bank payments, GB News, OpenAI

(Sharecast News) - Sellafield will have to pay almost £400,000 after it pleaded guilty to criminal charges over years of cybersecurity failings at Britain's most hazardous nuclear site. The vast nuclear waste dump in Cumbria left information that could threaten national security exposed for four years, according to the industry regulator, which brought the charges. It was also found that 75% of its computer servers were vulnerable to cyber-attack. - Guardian Bank payments can be delayed by an extra three days if lenders suspect consumers are being scammed, as part of a crackdown on booming levels of digital fraud in Britain. Under changes designed to protect consumers against online scams, high street banks are to be handed new powers by the Treasury to delay and investigate payments suspected of being fraudulent. - Guardian

GB News has launched a High Court challenge against Ofcom in a dramatic escalation of its row with the media regulator over impartiality. The High Court has allocated three hours on Thursday morning to an application by GB News against the regulator. Ahead of looming sanctions from Ofcom, it is understood that the broadcaster is applying for "interim relief", a form of short-term protection during legal proceedings, in a highly unusual move for a broadcaster. - Telegraph

A lack of clarity around Rachel Reeves's proposed tax rises is scaring off shoppers, the boss of Sainsbury's has warned. Simon Roberts said customers were holding off on buying big-ticket items amid uncertainty regarding the Budget, which the Chancellor has said will involve "difficult decisions" on tax. He said households needed more information on planned moves, saying they "inevitably are wanting to be clearer about what's going to happen next". - Telegraph

OpenAI has raised $6.6 billion in a fundraising round that values the ChatGPT maker at $157 billion, underscoring the scale of investor optimism around artificial intelligence technology. The company, based in San Francisco, said the investment will allow it to redouble its efforts on AI research, increase computing capacity and continue building problem-solving tools. It is one of the largest private investments on record. - The Times

A third of homes currently up for sale are chain-free as landlords and second-home owners look to sell amid fears over possible capital gains tax changes. The number of house sales being agreed is up 25 per cent versus this time last year, with Zoopla, the property search website, saying that rising sales volumes are being supported by new listings coming to market. - The Times

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Tuesday newspaper round-up: Nissan, Morrisons, Ford
(Sharecast News) - Nissan has started the production of its latest electric car in Sunderland, a crucial step in the UK automotive industry's transition away from petrol and diesel. The Japanese manufacturer will launch the third generation of the Leaf on Tuesday, which was the first mass-market battery electric car to be built in the UK. Nissan has made 282,704 Leaf models at the north-east England plant so far. - Guardian
Monday newspaper round-up: Cryptocurrencies, jobs downturn, Cycle Pharma
(Sharecast News) - Cryptocurrencies will be regulated in a similar way to other financial products under legislation coming into force in 2027. The Treasury is drawing up rules that will require crypto companies to meet a set of standards overseen by the Financial Conduct Authority (FCA). Ministers have sought to overhaul the crypto market, which has ballooned in popularity as a way of investing money and making payments. Cryptocurrencies have not been subject to the same regulation as traditional financial products such as stocks and shares, which means that in many cases consumers do not enjoy the same level of protection. - Guardian
Friday newspaper round-up: OBR, franchise agreements, GoCardless
(Sharecast News) - MPs have launched an inquiry into the role and performance of the Office for Budget Responsibility. The all-party Commons Treasury committee will spend until the end of next month investigating the independent agency's forecasting performance and impartiality. The panel will consider whether reforms are needed 15 years after the OBR was set up by George Osborne when he was Tory chancellor. - Guardian
Thursday newspaper round-up: Youth employment, SpaceX, EY
(Sharecast News) - Britain is slipping down the global league table for youth employment amid a dramatic rise in worklessness that is putting a generation's future at risk, research has warned. Sounding the alarm over a worsening youth jobs crisis, the report from the accountancy firm PwC said Britain's economy was missing out on £26bn a year because of sharp regional divisions in youth joblessness. - 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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