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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.

Wednesday newspaper round-up: Tariffs, BitMEX, Character.AI

Wed 14 Oct 2026 07:19

(Sharecast News) - The business secretary has hit back at European demands for British tariffs on Chinese imports, saying the government will not change its trade rules because of pressure from Brussels. Jonathan Reynolds warned that the government would not bow to calls from other countries for the UK to hit Chinese vehicles with import taxes, despite political pressure to align with the EU in exchange for deeper future economic ties. - Guardian A cryptocurrency exchange founded by the billionaire Reform UK donor Ben Delo is being sued for £20m over claims that the company mis-sold financial products in the UK. Lewis Barber, who is a software engineer, alleges that BitMEX offered crypto derivative products to investors in the UK, despite not being regulated or approved to do so by the Financial Conduct Authority (FCA). - Guardian

Britain will miss out on thousands of jobs and almost £11bn in tax if ministers block the Rosebank and Jackdaw oil and gas fields, researchers have claimed. A study commissioned by Adura, the energy company behind the two projects, concluded that the Treasury would miss out on £10.9bn of revenue by 2049-50 if the Government did not approve drilling. - Telegraph

An AI company blamed for a 14-year-old's suicide has filed for bankruptcy. Character.AI, which allowed users to speak to AI avatars with names such as "school bully" or "bad boy best friend", warned its app could be shut down if no rescue bidder emerged. Founded by former Google engineers, Character.AI was one of the first breakout successes of the ChatGPT era. It soared to a valuation of $2.5bn (£1.9bn), raising nearly $200m. Its app still has an estimated 20 million users, who can create and talk to AI-powered characters. - Telegraph

Three people have been arrested as part of a joint investigation by the City regulator and the police into a suspected organised crime ring involved in insider trading and money laundering. More than 100 staff from the Financial Conduct Authority (FCA) and the National Crime Agency (NCA) were involved in raids of five residential premises in London and Manchester on Tuesday. - The Times

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Tue 13 Oct 2026 07:17
Tuesday newspaper round-up: IMF warning, Poundland, Burberry
(Sharecast News) - The global economy "could soon test the limits of resilience", as emergency oil stocks run low and government budgets become overstretched, the International Monetary Fund has warned. In its twice-yearly World Economic Outlook, the IMF said global growth had withstood the Middle East conflict better than feared over the past six months. It said the rerouting of oil supplies away from the strait of Hormuz, and the release of strategic energy stocks, had helped to contain the impact on oil prices from the US-Iran war. - Guardian
Mon 12 Oct 2026 07:23
Monday newspaper round-up: Budget, van drivers, Heathrow
(Sharecast News) - John Healey has been warned by Britain's leading tax and spending experts that his budget risks being a "work of fiction" unless he sets out plans to cover £35bn in spending pressures. As the war in the Middle East rattles the public finances, the Institute for Fiscal Studies (IFS) said the damage from higher inflation meant the chancellor would need to either top up funds for his current government spending plans or impose deep real-terms cuts by the end of the decade. - Guardian
Fri 09 Oct 2026 07:23
Friday newspaper round-up: Goldman Sachs bonuses, TalkTalk, credit card defaults
(Sharecast News) - Top bosses at Goldman Sachs are in line to share a bonus pot worth up to $500m (£378m) this year, marking one of the biggest payouts in the Wall Street bank's history. The eye-watering sum will be shared between 20 bankers, with its chief executive, David Solomon, due to take about $100m (£75.6m) of the reward, which is made up of Goldman Sachs stock. That is more than double the value of the record $47m (£35.5m) annual pay packet he was granted last year. - Guardian

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