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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: Heathrow, Virgin Media, Credit Suisse

(Sharecast News) - Big pay increases for highly paid workers in London and the south-east have masked real wage cuts across large swathes of the economy and led to a widening in the UK's geographical earnings gap, a leading thinktank has said. A study from the Institute for Fiscal Studies (IFS) found that while workers in some sectors - such as manufacturing, education and hospitality - had fallen in inflation-adjusted terms, there had been significant rises for those employed in the business services sector, the City and IT. - Guardian Airlines flying to Heathrow have been told to carry as much fuel as possible in their tanks because of supply problems at Britain's largest airport, in a controversial practice that can increase carbon emissions. The airport asked airlines to carry excess fuel on the way to London and to avoid carrying too much when departing, citing supply issues, in a notice sent on Sunday. The notice covered nine days from Sunday 23 July to Monday 31 July. - Guardian

The Silicon Valley entrepreneur behind ChatGPT has unveiled a plan to scan the iris of every person in the world to help distinguish real people from sophisticated machines. Sam Altman, the founder of OpenAI, the company behind ChatGPT, on Monday launched his project Worldcoin in Britain and 34 other countries. - Telegraph

Virgin Media O2 is cutting 2,000 jobs as it battles to reduce costs under the burden of billions of pounds of borrowing. Redundancy notices were issued to some staff on Monday night. Unions were notified in June that between 800 and 2,000 jobs were at risk and the company is understood to have opted to cut the maximum number of roles.- Telegraph

Credit Suisse has been hit with a record fine by the Bank of England as part of $388 million of penalties levied on the lender for risk management failures exposed by the implosion of Archegos. The Bank's Prudential Regulation Authority said its £87 million fine was for "extremely serious" faults at the Swiss lender - now owned by UBS, its national rival - that were "symptomatic of an unsound risk culture". - 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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