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Thursday newspaper round-up: China, Natural gas, Softbank

(Sharecast News) - Joe Biden on Wednesday signed an executive order that will narrowly prohibit certain US investments in sensitive technology in China and require government notification of funding in other tech sectors. The long-awaited order authorises the US treasury secretary to prohibit or restrict certain US investments in Chinese entities in three sectors: semiconductors and microelectronics, quantum information technologies, and certain artificial intelligence systems. - Guardian Oleksiy Chernyshov, the chief executive of Ukraine's largest oil and gas company Naftogaz, wants Europe to store its gas in war-torn Ukraine. Naftogaz believes it can become the "power bank of Europe", he says, despite the conflict. "I would like to underline that the infrastructure we are using is underground," he adds down the line from Kyiv as a missile alarm sounds in the background. - Daily Telegraph

SoftBank is in talks with Amazon to become a lead investor in Arm's blockbuster listing in New York next month - just a day after the chip maker posted a loss. The Japanese conglomerate, which snapped up the Cambridge firm in 2016, has been ramping up efforts to secure investment for its upcoming £55billion initial public offering on the Nasdaq. Online retail giant Amazon is reportedly eyeing an anchor investment which would provide key backing for the float. - Daily Mail

The industrial manufacturer headed by Nat Rothschild, the prominent financier, has been picked as Tesla's electric car charging partner in the US. Volex, which employs 8,000 people in 22 countries, will supply connectors to Tesla's electric vehicle (EV) charging points as they are rolled out in the US. Volex said it was 'stocked and ready' to immediately supply it. Analysts at Peel Hunt said: 'This confirms Volex's strong position in the global EV charging market.' - Daily Mail

Lotus Cars is on the road to producing a record number of sports cars from its factory on an old airfield in the Norfolk countryside. The Hethel assembly line of the 75-year-old motoring marque, forever linked to Colin Chapman, its maverick founder and design engineer, rolled out 2,200 of the Lotus Emira, its latest and last petrol production sports car, in the first half of this year. With strong demand reckoned to be in the high thousands, it is likely that by the end of the year it will hit an all-time Lotus record of 5,000 units produced. - The Times

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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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