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Thursday newspaper round-up: Twitter, Disney, Siemens

(Sharecast News) - Twitter users were unable to post instantly on the website for almost an hour, in the latest outage to hit the social media platform since billionaire Elon Musk's $44bn takeover. From around 10pm GMT on Wednesday, users attempting to tweet were informed by the platform they had hit their daily limit - despite many of them reporting having not tweeted at all that day. - Guardian Strikes by firefighters have been postponed following an increased pay offer during lengthy talks with employers, it was announced on Thursday. The Fire Brigades Union (FBU) said it had been offered a 7% pay rise backdated to July 2022, and then 5% from July this year. The union had warned of strikes if a previous 5% pay offer was not increased following a huge vote in favour of industrial action. - Guardian

Disney has announced plans to cut 7,000 jobs and $5.5bn in costs after reporting its first ever drop in subscriber numbers. The job cuts represent just over 3pc of Disney's global workforce of around 220,000. The US media giant lost 2.4m Disney+ subscribers in the final three months of 2022, taking the total to 161.8m. - Telegraph

Europe's market-leading lorry manufacturer must pay Royal Mail and BT about £20 million as part of a landmark cartel damages ruling that could pave the way for further compensation orders. Competition experts predicted that DAF, a company based in Eindhoven in the Netherlands, will pay Royal Mail alone more than £17 million after the competition appeal tribunal in London ruled that both British companies should be awarded damages. - The Times

Siemens has been fined £1.4 million after pleading guilty to a health and safety offence following the death of Ian Parker, 58, a technician, at one of the company's facilities in west London. The German multinational, which employs 11,000 staff in the UK, has been sanctioned by the rail safety watchdog after Parker was crushed by a traction motor while conducting maintenance work on Heathrow Express trains at the Old Oak Common depot. - The Times

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(Sharecast News) - Ministers and senior MPs have warned that the UK's agreements with Donald Trump are "built on sand" after the Guardian established that the deal to avoid drug tariffs has no underlying text beyond limited headline terms. The "milestone" US-UK deal announced this month on pharmaceuticals, which will mean the NHS pays more for medicines in exchange for a promise of zero tariffs on the industry, still lacks a legal footing beyond top lines contained in two government press releases. - Guardian
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Tuesday newspaper round-up: Nissan, Morrisons, Ford
(Sharecast News) - Nissan has started the production of its latest electric car in Sunderland, a crucial step in the UK automotive industry's transition away from petrol and diesel. The Japanese manufacturer will launch the third generation of the Leaf on Tuesday, which was the first mass-market battery electric car to be built in the UK. Nissan has made 282,704 Leaf models at the north-east England plant so far. - Guardian
Monday newspaper round-up: Cryptocurrencies, jobs downturn, Cycle Pharma
(Sharecast News) - Cryptocurrencies will be regulated in a similar way to other financial products under legislation coming into force in 2027. The Treasury is drawing up rules that will require crypto companies to meet a set of standards overseen by the Financial Conduct Authority (FCA). Ministers have sought to overhaul the crypto market, which has ballooned in popularity as a way of investing money and making payments. Cryptocurrencies have not been subject to the same regulation as traditional financial products such as stocks and shares, which means that in many cases consumers do not enjoy the same level of protection. - 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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