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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: US Treasury Secretary, Profit warnings, Russia

(Sharecast News) - The US treasury secretary attempted to soothe Wall Street on Monday as President Trump rattled markets with a plan to impose 100 per cent tariffs on foreign-made films and a prominent investor said the US brand had been damaged. "It has never been a better time to invest in America," Scott Bessent told finance leaders gathered at the annual Milken Institute global conference in Beverly Hills, Los Angeles. - The Times Half of the profit warnings issued last month by UK-listed firms cited tariffs and the impact of global trade disruption. Analysis from accountancy giant EY shows there were 26 warnings in April, up from 21 in the same month last year. Of the 26, 13 cited tariffs. On average, the profit warnings - when companies disclose to investors that they expect profits to fall short of expectations - caused the affected company's share price to fall by 19 per cent on the day. In the first quarter of the year, 62 profit warnings were issued. - Financial Mail

Britain is secretly preparing for a direct military attack by Russia amid fears that it is not ready for war. Officials have been asked to update 20-year-old contingency plans that would put the country on a war footing after threats of attack by the Kremlin. A classified dossier will set out how the Government would respond to a declaration of war, including bunkers to protect the Cabinet and the Royal family, public service broadcasts and the stockpiling of resources. - Daily Telegraph

The aviation industry is "failing dramatically" in its efforts to tackle its role in the climate crisis, according to a newly formed group of aviation professionals. They say they are torn between their passion for flying and their concern for the planet and are calling for a fundamental transition of the industry, including controlling flight numbers. - Guardian

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Monday newspaper round-up: Green levies, Thames Water, oil prices
(Sharecast News) - The government is to slash green levies on thousands of businesses, in an effort to bring down sky-high energy costs for firms and boost the manufacturing sector in Labour heartlands. The measure is a key plank of the long-awaited industrial strategy, a 10-year plan to boost sectors ranging from the creative industries to manufacturing. - Guardian
Friday newspaper round-up: UK manufacturing, passport fees, Thames Water
(Sharecast News) - Thousands of European airline staff are being trained to stop people boarding flights to Britain without valid visas, in a move billed by the foreign secretary as a digital upgrade to border controls. David Lammy said the measures marked a step towards "more secure, more digital and more effective" borders, but the move could raise questions about human rights safeguards. - Guardian
Wednesday newspaper round-up: Tariffs, UK gas plants, xAI
(Sharecast News) - Donald Trump is threatening to keep 25% tariffs on some or all of its steel imports from the UK unless it gives specific guarantees over the Indian-owned steelmaking plant at Port Talbot in south Wales, sources have told the Guardian. An agreement to reduce tariffs on UK car exports to the US and scrap them for the aerospace sector was signed off by the US president and Keir Starmer on Monday, on the sidelines of the G7 summit in Canada. - Guardian
Tuesday newspaper round-up: UK-US trade deal, Oxford Street, TSB
(Sharecast News) - Keir Starmer and Donald Trump have signed off a UK-US trade deal at the G7 summit in Canada, with the US president saying Britain would have protection against future tariffs "because I like them". The two leaders presented the deal, which covers aerospace and the auto sector, at the G7 venue in Kananaskis, Alberta. - 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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