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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.

Tuesday newspaper round-up: Big tech, mortgages, Glencore

(Sharecast News) - The UK's City watchdog is to examine how to regulate "big tech" companies such as Apple, Google and Amazon over fears they could harm competition in Britain's financial services sector. The Financial Conduct Authority (FCA) said that big tech companies could provide innovations in financial services and drive down costs, but also expressed concerns that they could build dominant positions leading to the "potential exploitation of market power", according to analysis published on Tuesday. - Guardian The number of low-deposit 95% mortgages on sale has fallen by more than half since last month's scrapped mini-budget, stoking fears that financial uncertainty could lead some banks to scrap the deals that are often the only way first-time buyers with small deposits can own a home. Data from Moneyfacts shows that the number of new 95% mortgages stood at 137 on Monday. - Guardian

Lawyers are to be hit with a £200 penalty if they fly to meetings as part of efforts by one of the country's largest legal firms to cut down on its carbon footprint. Shoosmiths will dock the sum from its communal travel budget if its lawyers choose to hop on a flight, as part of its ambitious plans to reach net zero emissions. - Telegraph

Executives involved in a major bribery scandal at Glencore are to have their identities kept secret as British fraud prosecutors decide whether to charge them. A total of 17 individuals are under investigation and could face criminal charges, according to the Serious Fraud Office (SFO) after the mining titan pleaded guilty to paying more than $28m (£22m) in bribes to gain access to oil cargoes. - Telegraph

City law firms are gearing up for a potential wave of legal disputes after pension funds were forced to sell assets quickly in the wake of the mini-budget. Professional advisers are assessing a range of legal risks arising out of the crisis that engulfed defined-benefit pension schemes, legal sources said. - The Times

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Sunday newspaper round-up: Elon Musk, Rolls-Royce, Lotus
(Sharecast News) - Elon Musk criticised Donald Trump's proposed tax and spending proposals on Saturday, labelling them "utterly insane and destructive". The tech mogul wrote on social media that "The latest Senate draft bill will destroy millions of jobs in America and cause immense strategic harm to our country!" He also believed that they were akin to political suicide for the Republican party. Musk was criticising a US Senate version of the bill. - Guardian
Friday newspaper round-up: Post office, local bus services, British vehicle production
(Sharecast News) - The police criminal inquiry into the Post Office Horizon IT scandal is investigating more than 45 individuals, with seven formally identified as main suspects. The investigation, which the police described as unprecedented in size and scale, is the first to examine potential offences of perjury and perverting the course of justice by those who made "key decisions" on Post Office investigations and supporting prosecutions of branch-owner operators. - Guardian
Thursday newspaper round-up: Billionaires' wealth, China wind and solar installations, household incomes
(Sharecast News) - The wealth of the world's 3,000 billionaires has surged by $6.5tn (£4.8tn) in real terms over the past decade, according to Oxfam, equivalent to 14.6% of global output. In total the richest 1% of the global population has gained at least $33.9tn in real terms, which the charity said was "enough to end annual global poverty 22 times over". - Guardian
Wednesday newspaper round-up: Post Office, interest-only mortgages, Asda
(Sharecast News) - Post office operators yet to claim compensation of at least £600,000 relating to the Horizon IT scandal have not been chased up by officials because the government did not want to "harass" them with letters, it has emerged. In a report criticising the speed and handling of payouts after the Post Office scandal, the House of Commons public accounts committee (PAC) said the government is taking "insufficient action" identifying all the operators eligible to claim some of the £1.7bn being paid out across four compensation schemes. - 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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