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.
(Sharecast News) - Canada has announced it will impose tariffs on a wide range of key American industries including cosmetics, dairy, wood products and outdoor equipment in the coming weeks, as it retaliates roughly "dollar for dollar" against levies imposed by the US. In a strong Canadian countermove to tariffs levied by Donald Trump, which took effect on Saturday after trade talks collapsed the day before, Canada's finance and industry ministers on Tuesday called the measure a "focused response" to what they see as unfair trade practices. - Guardian
The national lottery is facing questions over its new boss's record in the gambling industry, including a lucrative role in the 24-hour slot machine sector singled out by the prime minister as a blight on British high streets. Allwyn UK, which holds a licence to run the Lottery until 2034, said last week that it had appointed William Hill's former UK and Ireland boss Phil Walker as its interim chief executive, replacing Andria Vidler. - Guardian
Private schools have banned pupils from wearing Meta's smart glasses amid concerns that secret recordings could lead to bullying. A number of private, boarding and grammar schools have banned the camera-equipped glasses, becoming the latest places to restrict the devices. The glasses are designed to look like regular sunglasses or spectacles but have been criticised as an invasion of privacy because they allow users to discreetly film and take pictures. - Telegraph
Andy Burnham should raise taxes on wealthy pensioners to rescue the public finances, Labour's favourite think tank has urged. The Institute for Public Policy Research (IPPR) called on the Prime Minister to introduce National Insurance on pensioners' incomes to shield workers from further levies. Economists said in a new report that the policy, along with higher taxes on property wealth, was essential to combat growing financial pressures caused by an ageing population. - Telegraph
A litigation finance firm that raised more than £300 million to fund legal cases including car finance claims has been accused of operating a Ponzi scheme. Insolvency practitioners from Kroll told investors in Woodville Consultants that they are reviewing "allegations that the company may have used investor funds to pay back" money owed to earlier investors. - The Times
