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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.

Thursday newspaper round-up: UK vets, Sizewell B, Terry Smith

(Sharecast News) - UK vets may have to have a licence and cap prescriptions for pet medicine at £21 under plans being considered by the government. Ministers are also considering establishing a regulator for the veterinary sector, including inspections, a mandatory licensing system and published compliance reports to improve accountability and choice. Every vet practice could need an official operating licence - similar to GP surgeries and care homes - under proposals in a white paper. - Guardian Britain's most recently completed nuclear power plant will continue generating electricity until 2055 after the government granted the power plant, which was first synchronised with the National Grid in 1995, a 20-year life extension. Sizewell B in Suffolk was due to shut down within the next decade, but under a deal with the government its lifetime will be extended to 60 years to help meet the UK's growing demand for low-carbon electricity. - Guardian

Russia has banned diesel exports after a series of Ukrainian strikes on oil refineries triggered widespread fuel shortages across the country. The Kremlin announced the emergency measure in a meeting on Wednesday, admitting that the situation regarding supplies remained fragile. Escalating attacks by Ukrainian drones on oil infrastructure has already drastically curbed diesel supplies in some regions, leading to long queues appearing at petrol stations on a daily basis. - Telegraph

The veteran stockpicker Terry Smith has accused Unilever of misleading him over its $66 billion food merger, in a fresh broadside just months after ditching his entire holding in the consumer goods group. In his latest investor update, Smith, who runs the Fundsmith Equity Fund and was a top-ten Unilever shareholder for more than a decade, claimed the company had assured him there would be no more disposals "for the foreseeable future" after the spin-off of its ice cream division late last year. - The Times

Dock workers in Australia are demanding a 28-hour week, with no reduction in pay, as one of the country's largest shipping terminal operators pushes to use artificial intelligence to automate processes at its facilities. The Maritime Union of Australia said DP World's use of AI had put jobs "in the crosshairs", and argued that the technology "should be used to improve workers' lives, not destroy them". - The Times

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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
Thursday newspaper round-up: Greenland, Morrisons, Cisco Systems
(Sharecast News) - Greenland authorities have forced a US oil company connected to Donald Trump to postpone drilling wells in the Arctic territory, defying claims by the US president's envoy that Americans could be extracting crude by next year. Amid Trump's imperialist threats, tensions have been rising on Greenland's eastern coast after the oil company brought drilling equipment ashore in July without permission, drawing a "strong warning" from the government. - Guardian

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