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Thursday newspaper round-up: Telecoms bills, Dyson, Ocado, Elon Musk

(Sharecast News) - Almost 6 million UK households are struggling to pay their mobile, landline and broadband bills, with the cost of living squeeze forcing many to cut back on essentials such as food and clothes, cancel or change a service, or miss payments to stay connected. A report from the consumer group Which? estimates that 5.7 million households have experienced at least one "affordability issue" in April, as cash-strapped homes struggle to cope with soaring bills and other costs. - Guardian The technology company Dyson has been fined more than £1m after one of its employees was injured when a giant milling machine fell on top of him. Dyson was ordered to pay £1.2m at Swindon magistrates court for failing to properly train its staff in handling the kit. The firm pleaded guilty to breaching health and safety laws. - Guardian

A senior City lawyer who told a client to "burn" chat logs to prevent evidence reaching Ocado could face prison for contempt of court. Raymond McKeeve, a former partner at Jones Day, was found by a High Court judge to have intentionally destroyed documents to stop data being searched at a company created by Jonathan Faiman, Ocado's co-founder. A search order had been issued after Ocado accused Mr Faiman's company of stealing corporate intelligence. - Telegraph

The Serious Fraud Office has convicted a fraudster of encouraging thousands of people to invest in properties in the Caribbean that were never built. David Ames has been found guilty on two counts of fraud by abuse of position for his role in the seven-year scheme as head of Harlequin Group. Mr Ames convinced 8,000 investors to pay a 30pc deposit on an unbuilt villa or hotel room and took half of the money as fees for the company and salesmen. - Telegraph

Elon Musk is seeking details from Goldman Sachs and JP Morgan Chase about how the two banks advised Twitter when the Tesla boss was pursuing his $44 billion takeover of the social media company. Twitter is attempting to force Musk to complete the buyout, which the billionaire said in July he was backing out of over claims that the business had breached the terms of an agreement. - The Times

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(Sharecast News) - UK inflation could end the year higher than previously expected at 3% because of the US-Israel war in Iran, the government's economics watchdog has said. David Miles, a senior figure at the Office for Budget Responsibility (OBR), said inflation could end the year a percentage point higher than expected before the war, because of the energy price shock triggered by the crisis in the Middle East. - Guardian
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(Sharecast News) - The European Commission has proposed a "Buy EU" plan to boost domestic low-carbon industries and help the continent compete against China. The commission published a draft regulation - called the Industrial Accelerator Act - on Wednesday, setting demands for EU-made and low-carbon content on bodies spending public money. The rules mark a big shift in economic thinking from Brussels, long a bastion of open markets. - Guardian
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(Sharecast News) - News Corp's global chief executive has described news organisations as a valuable "input" for artificial intelligence, as the media empire signs an AI content licensing deal with Meta worth up to US$50m (A$71m) a year. In an upbeat presentation, the chief executive of Rupert Murdoch's company, Robert Thomson, said the "reliable" breaking news and information in publications like the Australian, the Times of London and Dow Jones was "hard to beat" as an "input" for AI. - 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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