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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: HS2 trains, renewable energy, Anthropic

(Sharecast News) - Plans to change the size of HS2 trains to maximise capacity are likely to inflate costs and mean fewer seats and slower services north of Birmingham, a senior government and rail industry figure has warned. The £2bn order for 54 high-speed trains, to be built in Britain by a joint venture of Alstom and Hitachi, is under review as HS2 Ltd seeks to cut costs and renegotiate contracts. - Guardian Households will be called on to boost their consumption of Great Britain's record renewable energy this summer to help balance the power grid and lower energy bills. Under the new plans, people could be encouraged to run dishwashers and washing machines or charge up their electric vehicles when there is more wind and solar power than the electricity grid needs. - Guardian

Anthropic has released the first AI model capable of hacking IT networks, an online UK safety watchdog has warned. The Artificial Intelligence Security Institute (AISI), a government-backed research lab, has sounded the alarm over Anthropic's new Claude Mythos model after discovering it can autonomously carry out advanced cyberattacks. After a round of testing on the model, the AISI found that the newly developed AI chatbot can launch "multi-step" attacks that would take a human professional hacker days. - Telegraph

Hundreds of Hollywood stars have come out against Paramount's takeover of Warner Bros, claiming the deal to hand control of the studio to supporters of Donald Trump will hurt democracy. Actors, including Jane Fonda, Glenn Close and Ben Stiller, have signed their names on an open letter expressing "unequivocal opposition" to the tie-up, arguing that competition is "essential for a healthy economy and a healthy democracy". - Telegraph

Mortgage volatility is now greater than after Liz Truss's mini-budget, as lenders pull their products at a record speed. Brokers said that homeowners faced "mayhem" when looking to borrow or lock in a new rate because the average shelf-life of mortgage products had fallen to a record low of eight days. - The Times

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Tuesday newspaper round-up: Thames Water, Elon Musk, youth unemployment
(Sharecast News) - A rescue deal for Thames Water is under threat because of a potential change in prime minister, government insiders have said. Ministers are negotiating a takeover deal for the stricken water company with a consortium of creditors led by American investment firm Elliott Management. But government sources said that deal, which some expected to be concluded this month, has run into problems in part because of the uncertainty surrounding Keir Starmer's position as prime minister. - Guardian
Monday newspaper round-up: Thames Water, NCP, EY, property taxes
(Sharecast News) - The worsening fallout from the Iran war is forcing businesses to halt their UK investment and hiring plans, bosses have warned, as Britain enters a renewed period of political and economic instability. More than two months into the US-Israeli war on Iran, leading surveys of UK employers showed companies were increasingly prioritising cost management over growth as rising costs and global uncertainty weigh on confidence. - Guardian
Friday newspaper round-up: Postal deserts, Philip Morris, Applied Materials, Elon Musk
(Sharecast News) - The owner of WH Smith's former high street business is aiming to change contracts with the Post Office to make it easier to close outlets within its stores, increasing fears that communities will become "postal deserts". TG Jones operates 180 post offices and it is understood that as many as 60 could be closed under a restructuring plan by Modella, the private equity group that renamed the WH Smith high street chain as TG Jones after buying it last year. - Guardian
Thursday newspaper round-up: Farage, Crispin Odey, Sam Altman
(Sharecast News) - Nigel Farage is facing a formal investigation by the parliamentary standards watchdog over a £5m gift from the crypto billionaire Christopher Harborne. The Reform UK leader received the money weeks before announcing he would stand as a candidate in the 2024 general election. - Guardian

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