Skip Header
Important information: The value of investments can go down as well as up so you may get back less than you invest. Investors should note that the views expressed may no longer be current and may have already been acted upon. This is a third-party news feed and may not reflect Fidelity’s views.

Thursday newspaper round-up: Co-op, Jerome Powell, Elon Musk

(Sharecast News) - Co-op is secretly marking commonly stolen items including alcohol and laundry detergents with invisible "forensic spray" to track them, in the latest crackdown on shoplifting as a new law on retail crime kicks in. The supermarket aims to use the technique across the country having tested it in Manchester and London since last year. - Guardian Europe is "sleepwalking" into a series of economic and national security problems because of an over-reliance on Chinese green technology, according to experts. A report co-authored by Michael Collins, a former deputy head of national security strategy at the UK Cabinet Office, described the risks of depending on China for green tech as "serious". - Guardian

Jerome Powell has defied Donald Trump to stay on the Federal Reserve board after his term as the US central bank's chairman expires. Mr Powell warned that Fed independence was "at risk" and said he would stay on the board because "the institution is getting battered" after the US president's repeated attacks on the bank. His move will deny Mr Trump a vacancy on the board, which would have given him an opportunity to appoint an ally who would be aligned with his demands to bring down interest rates. - Telegraph

The minimum wage is freezing young people out of work, according to the chairman of the Confederation of British Industry (CBI). Cressida Hogg, the business lobby group's new chairman, will warn on Thursday that the minimum wage is fuelling youth unemployment by making it too expensive to hire people at the start of their careers. - Telegraph

Elon Musk has claimed he is not a "yeller" at work but could use words such as "jackass" to get people out of their comfort zone. The world's richest man testified for the second day on Wednesday in a trial over a lawsuit he brought against OpenAI, the creator of ChatGPT and one of the world's most valuable start-ups. Musk was a co-founder and early investor in OpenAI but quit as co-chair of the company in December 2018. - The Times

Share this article

Related Sharecast Articles

Wednesday newspaper round-up: Rent freeze, Barclay brothers, interest rates
(Sharecast News) - Britain is facing a £35bn economic hit and the risk of a recession this year as the fallout from the Iran war adds to the pressure on Keir Starmer's government, a leading thinktank has warned. The National Institute of Economic and Social Research (Niesr) said that even under a best-case scenario the UK economy would grow at a much slower pace this year and next because of the Middle East conflict. - Guardian
Tuesday newspaper round-up: Fiscal rules buffer, rent freeze, Next boss
(Sharecast News) - Rachel Reeves should aim to run a "significantly larger" buffer against her fiscal rules, according to a report from a House of Lords committee that says the UK's public debt is on an unsustainable trajectory. The chancellor raised taxes at last year's budget in order to more than double the "headroom", or buffer, against her fiscal rules to £22bn - some of which is expected to be eroded by the impact of the Iran war. - Guardian
Monday newspaper round-up: Trade bazooka, shoplifting epidemic, John Lewis
(Sharecast News) - UK business leaders have called on the government to build an EU-style "trade bazooka" to protect Britain's economic interests in response to the latest tariff threats from Donald Trump. As transatlantic tensions rise, the British Chambers of Commerce said the UK's "inadequate economic security" was putting growth and jobs at risk. The lobby group, which represents thousands of firms, urged Keir Starmer to take the lead in protecting Britain from external crises, saying there had been "years of neglect by successive governments". - 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.

Award-winning online share dealing

Search, compare and select from thousands of shares.

Expert insights into investing your money

Our team of experts explore the world of share dealing.