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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.

Friday newspaper round-up: Rail strikes, homeowners, Activision/Microsoft

(Sharecast News) - A fresh round of rail strikes is expected to disrupt national networks during July, after the RMT union announced that 20,000 workers would stage three days of stoppages. The move dashes any hopes of an imminent resolution to a bitter labour dispute that has caused frequent disruption to rail lines across the country throughout 2023. - Guardian Poor countries will be able to pause their debt repayments if hit by climate disaster, under plans announced by the World Bank at the finance summit in Paris. The international development organisation said it would insert new clauses in any agreements with developing countries, allowing them to suspend debt payments in the case of extreme weather events, starting with some of the poorest and most vulnerable nations.- Guardian

Homeowners are facing three more years of mortgage pain after Andrew Bailey warned that price rises were "much more persistent" than the Bank of England predicted. The Governor of the Bank said decisive action was needed to keep a lid on inflation as policymakers surprised economists with a 0.5-point increase in interest rates to 5pc. Mr Bailey said: "The economy is doing better than expected, but inflation is still too high and we've got to deal with it." - Telegraph

Buying Activision Blizzard would hand Microsoft the ability and incentive to damage competition, America's top watchdog claimed at the start of a courtroom showdown. The technology company denied the allegation as it fights to save the $68.7 billion takeover, its biggest acquisition to date and the largest yet in the video games industry. It countered that the deal would be "good news for consumers". - The Times

The former boss of Vodafone who was ousted after failing to revive the struggling telecoms group and its share price was paid almost £4 million last year. Nick Read, 58, whose departure was announced in December after four years in charge, received almost £3.9 million last year, including a £900,000 annual bonus. He also was paid about £270,000 in the first three months of this year when he was an adviser to the board and will be paid more than £730,000 over the remainder of his 12-month notice period. - The Times

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Thursday newspaper round-up: Border controls, McKinsey, KPMG
(Sharecast News) - New post-Brexit UK border controls coming into force later this month will cost British businesses £2bn and fuel higher inflation, according to a report warning that UK-EU trade will be damaged as a result. With less than a month before the introduction of new checks on animal and plant products from 30 April, the insurer Allianz Trade said the controls agreed under Boris Johnson's Brexit deal could add 10% to import costs over the first year. - Guardian
Wednesday newspaper round-up: Shoplifting, EnQuest, Klarna
(Sharecast News) - The government is investing more than £55m in expanding facial recognition systems - including vans that will scan crowded high streets - as part of a renewed crackdown on shoplifting. The scheme was announced alongside plans for tougher punishments for serial or abusive shoplifters in England and Wales, including being forced to wear a tag to ensure they do not revisit the scene of their crime, under a new standalone criminal offence of assaulting a retail worker. - Guardian
Tuesday newspaper round-up: Pharma companies, Puig, Thames Water
(Sharecast News) - Rachel Reeves has said an incoming Labour government would launch a £5bn crackdown on tax avoiders to close a gap in its spending plans exposed by Jeremy Hunt scrapping the non-dom regime to finance tax cuts. Warning households and businesses that Labour was prepared to adopt tough measures to tackle tax fraud and non-compliance, Reeves said the funding would be used to pay for free school breakfast clubs and additional NHS appointments. - Guardian
Monday newspaper round-up: Boeing, rent rises, e-scooters, Santander UK
(Sharecast News) - US airline regulators have launched an investigation after an engine cowling on a Boeing plane fell off during takeoff and struck the wing flap. The Southwest Airlines flight 3695 rose to about 10,300ft (3,140 metres) before returning safely 25 minutes after takeoff to Denver international airport at about 8.15am local time on Sunday. It was towed to the gate after landing. The Boeing aircraft with 135 passengers and six crew members aboard had been headed to Houston. No one was injured. - 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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