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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.

Sunday newspaper round-up: Indian stocks, Flutter Entertainment, Rishi Sunak

(Sharecast News) - India's stock market is poised to take Hong Kong's spot among the world's largest trading venues, in a rise analysts say attests to investors' optimism about the economic prospects of the world's most populous country. The total market capitalisation of companies listed on the National Stock Exchange of India was $3.7tn as of the end of October, according to the World Federation of Exchanges, a trade association of publicly regulated stock markets, compared with the Stock Exchange of Hong Kong's $3.9tn. - Financial Times

One of the United States' largest online gambling operators tried to water down rules designed to help problem gamblers and protect young and vulnerable people, according to documents seen by the Guardian. FanDuel lobbied for New York to rethink a proposed ban on gambling platforms from using certain words and phrases to attract people "who are or may be" problem gamblers to their websites. The company, which is owned by the Dublin-based gambling giant Flutter Entertainment, also opposed a rule prohibiting sports-betting advertisements near college campuses. The state's legal age for the activity is 21. - The Guardian

Rishi Sunak's premiership appears to be in the balance as the so-called "star chamber" of Tory lawyers concluded his plans to rescue the ailing Rwanda asylum scheme are "not fit for purpose" - with the PM reportedly deploying David Cameron to fend off a rebellion. The verdict, which will be closely watched by dozes of rebel MPs, sets the prime minister up for a potential defeat in a crucial Commons vote on Tuesday hanging on a margin of 28 ballots, in a struggle now reminiscent of Theresa May's fight with a bitterly divided Conservative Party over Brexit. - The Independent

Electric cars should finally become more affordable next year because new government rules will levy a fine of £15,000 per car if too few are sold. Under the zero emission vehicle (ZEV) mandate, which comes into force on January 1, manufacturers will have to ensure that 22 per cent of cars they sell every year are fully electric. The target will rise each year, hitting 80 per cent in 2030. If too few electric cars are sold, the manufacturer will either have to pay a £15,000 fine for each petrol, diesel or hybrid model sold above that threshold, or buy "credits" from rivals such as Tesla, which has an all-electric range. - The Sunday Times

The EU's trade commissioner has said he wants to conclude a trade deal with the Mercosur group of Latin American countries despite objections raised by France. President Emmanuel Macron last week launched a full-scale attack on the proposed pact, saying it would be disastrous for the environment, French farmers and industry. But Valdis Dombrovskis, the European Commission vice-president in charge of trade policy, told the Financial Times that a majority of EU countries backed the deal and that many of the French concerns would be addressed in the final agreement. - Financial Times

Britain's official employment figure could be out by as much as a million, Bank of England Governor Andrew Bailey has admitted ahead of the Bank's next interest rate decision. Bailey revealed the figure during a recent select committee hearing to illustrate the difficulty the Bank faces when judging the state of the economy. Some experts say discrepancies in data published by the Office for National Statistics (ONS) mean rate-setters are 'flying blind' because they lack solid information on how many people are employed. Former Bank of England chief economist Andy Haldane said: 'They're certainly flying in fog about the labour market.' - Mail on Sunday

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Sunday newspaper round-up: Middle East, Aston Martin, Defence
(Sharecast News) - Britons must accept that their country was now involved in the Middle East conflict, Tobias Ellwood said. The former defence minister warned that "nobody was in full control" of the growing conflict as more and more countries were sucked in. Ellwood also said that Tehran's strike had taken the conflict into a "new dangerous territory". - Sunday Telegraph
Friday newspaper round-up: Everton, AstraZeneca, Amazon
(Sharecast News) - Everton has paid about £30m in interest charges to an opaque lender associated with a tax exile, corporate records suggest. The charges appear to have reached about £438,000 a week, according to the troubled Premier League club's most recent set of accounts, a figure more than three times the reported wages of the Everton and England goalkeeper Jordan Pickford. - Guardian
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

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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