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Thursday newspaper round-up: Pensions gap, access to cash, energy industry

(Sharecast News) - Unions have called on the government to take urgent action to fix a "whopping pensions gap", as research showed women working in many industries have half the retirement savings of men. The TUC said Thursday was "gender pensions gap day", when female pensioners in Great Britain start getting paid after effectively going four and a half months without retirement income. - Guardian The City watchdog will be handed powers to ensure local communities across the UK have access to cash and could ultimately fine banks that fail to comply. Under the government's pending financial services bill, the Financial Conduct Authority will be in charge of making sure the UK's largest banking and building societies give consumers access to withdrawal and deposit facilities such as ATMs within a "reasonable" distance from their community. - Guardian

Brussels has told European Union countries that they should consider telling drivers to cut their motorway speed in the battle to ditch Russian fossil fuel. The European Commission says saving energy is the "quickest way" to tackle the energy crisis.It has published a list of changes in behaviour which it argues could cut oil and gas demand by 5pc. - Telegraph

The energy industry believes it will soon fall victim to cyberattacks so severe that they will result in deaths as well as damage to critical infrastructure and the environment, a report has found. Such an attack is expected within the next two years, according to a survey of global energy executives for DNV, a risk management group. - The Times

The professional body for chartered accountants is facing questions from parliament over why it has pocketed tens of millions of pounds in fine money for auditor misconduct rather than hand over any of it to victims. Darren Jones, chairman of the Commons' business, energy and industrial strategy committee, is writing to the Institute of Chartered Accountants in England and Wales for an explanation, as it emerged that the professional body has scooped £123.4 million in fines since 2004, according to its own figures. - The Times

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Wednesday newspaper round-up: OpenAI, tariffs, Thames Water, Land Securities
(Sharecast News) - The UK is vulnerable to food price shocks because of its dependence on imports of fruit and vegetable from countries even more exposed to the climate crisis, researchers say. Much of Britain has sweltered under a record five heatwaves this year and endured drought and wildfires, with the hot, dry conditions damaging crops and reducing yields of domestic produce. However, the UK relies on countries under even greater climate pressure for supplies of some of its most popular fresh foods, according to a report from the Food Foundation charity published on Wednesday. - Guardian
Tuesday newspaper round-up: Government borrowing costs, US tech crash, civil servants
(Sharecast News) - Government borrowing costs in several advanced economies hit their highest level since the 2008 financial crisis, or even earlier, on Monday as investors feared the Middle East crisis would keep inflation persistently high. Concerns over rising prices and government spending pushed up the cost of debt issued by Paris, Berlin, Washington DC, Tokyo and London as investors fretted that rising prices would push up interest rates. The yield, or interest rate, on 30-year French bonds rose to its highest level since September 2008 at 4.8558%, up one basis point (0.01 percentage point), LSEG data showed. - Guardian
Monday newspaper round-up: Water companies, asking prices, legal industry
(Sharecast News) - Water companies could be allowed to raise bills for customers during periods of drought under proposals being considered by the sector's regulator for England and Wales. Suppliers would be permitted to factor "water scarcity" into bills as part of efforts to reduce consumption under Ofwat's plans, which are being likened to surge pricing - the practice where private hire firms raise taxi fares at times of higher demand. - Guardian
Friday newspaper round-up: Elon Musk, Thames Water, Avant Homes
(Sharecast News) - Young people out of work or at risk of unemployment in the UK are to join "AI boot camps" where they harness the technology to get a foothold in the workplace. The government's latest attempt to address the crisis in Neets - young people not in work or education - involves turning to a technology that many view as a potential threat to employment. - 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.