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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.

Tuesday newspaper round-up: Rail passengers, Lime, BoE

(Sharecast News) - Rail passengers have been told to attempt to travel only if "absolutely essential" and check trains are running, with extreme heat expected to disrupt services around Britain. Temperatures are forecast to rise to 37C across most of southern England and Wales over the next three days, and potentially to 40C in the most affected areas. Intercity trains from London to Birmingham, Manchester and beyond are expected to be among the worst affected. - Guardian Plans to hand established broadcasters and media companies greater prominence on digital platforms such as YouTube and TikTok have been unveiled, as ministers warned online misinformation risked becoming "existential for our democracy". In proposals that set up a new clash with global tech companies, content from the likes of the BBC, ITV and Channel 4 would have to be awarded more promotion by their algorithms - with special rules considered for times of social unrest or crisis. - Guardian

Lime, the e-bike hire company, has revealed it faces a £40m bill for personal injury claims amid a series of broken legs allegedly suffered by riders while using its vehicles. Documents filed with US regulators before a New York flotation disclosed that the company is setting aside increasing amounts for payouts to customers hurt while riding its bikes and scooters. - Telegraph

The Bank of England has watered down upcoming rules for cryptocurrency companies after Nigel Farage accused it of stifling growth. The central bank has dropped plans aimed at capping the value of so-called stablecoins that can be held by individuals and businesses. It comes after Mr Farage accused the Bank of being governed by "dinosaur bureaucrats" and said the rules would "choke off British innovation and competitiveness". - Telegraph

The northeast of Scotland could lose 18,000 energy jobs over the next decade unless there is more investment into oil and gas and renewables, academics have warned. A report by the Energy Transition Institute at Robert Gordon University in Aberdeen raised fears about a weaker regional economy caused by a loss of skilled workers and vital supply chain capacity. - The Times

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Monday newspaper round-up: Tech companies, Pennon, David Lloyd gyms
(Sharecast News) - Leave-voting areas have seen faster relative growth in foreign workers since the Brexit referendum, a Guardian investigation has found. Data analysis suggests that the decade since the Brexit vote may not have matched the expectations of many Leave supporters, showing their local areas have also become relatively more deprived over the same period. - Guardian
Friday newspaper round-up: Fujitsu, Telegram, Grenson
(Sharecast News) - The Japanese tech company at the centre of the Post Office IT scandal is facing calls from a parliamentary committee to make an "immediate" payment towards the compensation bill for victims. Fujitsu supplied the faulty Horizon software to the UK Post Office, which led to branch operators being wrongly prosecuted over discrepancies in their business accounts. - Guardian
Thursday newspaper round-up: Brexit, HMRC, new homes
(Sharecast News) - Brexit has depressed UK exports to the EU by 12%, and rejoining the customs union would undo only a fraction of the damage, research shared with the Guardian shows. With the UK's future relationship with the bloc likely to feature prominently in a potential Labour leadership contest, the economists John Springford and Anton Spisak, of the Centre for European Reform, provide fresh evidence of the damage caused by exiting. - Guardian

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