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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: Venezuela, Faculty, Heathrow

(Sharecast News) - Donald Trump has said Venezuela will be "turning over" $2bn worth of Venezuelan crude to the United States, a flagship negotiation that would divert supplies from China while helping Venezuela avoid deeper oil production cuts. "This Oil will be sold at its Market Price, and that money will be controlled by me, as President of the United States of America, to ensure it is used to benefit the people of Venezuela and the United States!" Trump said in a post online. - Guardian Tougher rules on drink-driving, eye tests for older motorists and automatic emergency braking in new cars will be mandated by the government in an attempt to significantly reduce casualties on Britain's roads. The first road safety strategy in more than a decade aims to save thousands of lives with a range of measures, from training and technology to stiffer penalties for offenders. - Guardian

A billionaire hedge fund boss who became a champion of climate change campaigners paid himself £60m last year after a surge in performance at his investment fund. Sir Chris Hohn, one of Britain's most successful money managers, received the cash through an annual dividend payment from his Mayfair-based investment group The Children's Investment Fund Management (TCI). - Telegraph

An artificial intelligence (AI) business that helped provide crucial data to Dominic Cummings' Vote Leave campaign has been sold in a $1bn (£740m) deal. Faculty, a London technology business that provides AI tools for the public sector and businesses, said it had agreed to be acquired by Accenture, the US-listed consulting giant. - Telegraph

The business behind a flawed Post Office IT system that led to the wrongful convictions of hundreds of sub-postmasters has been accused of being a "parasite" on British taxpayers. Fujitsu, architect of the Horizon computer system, is under pressure from MPs over its refusal to say how much it would contribute to the £1.8 billion cost of providing redress for the scandal, even as it continues to benefit from public sector contracts. - The Times

The rival bidder for Heathrow's third runway has accused the airport of "taking people for a ride" by "gold plating" the planning costs for its £49 billion expansion project. Surinder Arora, founder and chairman of the eponymous hotels and property group, pointed to the vast difference in early planning expenses for the two schemes. - The Times

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Thursday newspaper round-up: Anthropic, commercial landlords, Asda
(Sharecast News) - Anthropic is planning a $10bn fundraise that would value the Claude chatbot maker at $350bn, according to multiple reports published on Wednesday. The new valuation represents an increase of nearly double from about four months ago, per CNBC, which reported that the company had signed a term sheet that stipulated the $350bn figure. The round could close within weeks, although the size and terms could change. Singapore's sovereign wealth fund GIC and Coatue Management are planning to lead the financing, the Wall Street Journal reported. - Guardian
Tuesday newspaper round-up: Car sales, Claire's Accessories, Nvidia
(Sharecast News) - Insolvent recruitment businesses shorn of their debts then reacquired from administration by the directors or shareholders that presided over their demise are costing the exchequer tens of millions of pounds in lost taxes, a Guardian analysis suggests. The practice of "phoenixism" - the art of liquidating a company and allowing the directors to rise from the ashes with a new entity, free of debts - is estimated by HM Revenue and Customs (HMRC) to have cost taxpayers about £800m a year. - Guardian
Monday newspaper round-up: Unemployment, junk food ads, Shell
(Sharecast News) - The UK is poised for a rise in unemployment in 2026 fuelled by the collapse of "zombie" companies that have struggled to adapt to a rise in business costs, according to a report. At the start of what could be a pivotal year for the economy, the Resolution Foundation said businesses were grappling with a "triple whammy" of multiyear increases in interest rates, energy prices and the minimum wage that could "finish off" some underperforming companies. - 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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