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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.

Wednesday newspaper round-up: BP, airlines, Coinbase

(Sharecast News) - Global fossil fuel company BP has bought 40.5% of a renewable energy hub in the Pilbara, billed as having potential to become one of the biggest suppliers of green hydrogen in the world. The company will also operate the Asian Renewable Energy Hub, which has plans to generate up to 26GW of wind and solar energy - about a third of the electricity generated in Australia today. - Guardian Airlines have been told to review their schedules by the government to avoid more flight chaos, as airports and unions said the problems behind recent cancellations would not be fixed by summer. The Department for Transport and the Civil Aviation Authority (CAA) said airlines should ensure flights on sale are "deliverable", and cancellations should be made "at the earliest possibility". - Guardian

The UK is poised to snub China's role in its nuclear ambitions under plans that will grant ministers the power to intervene in project decisions that pose a risk to national security. Kwasi Kwarteng, the Business Secretary, is pushing ahead with proposals that will grant the Government a "special share" when it takes a 20pc share in the planned Sizewell C station in Suffolk. - Telegraph

Coinbase Global is shedding about 1,100 jobs in preparation for what the chief executive of the cryptocurrency trading exchange warned could be a "crypto winter" as the US economy edges towards recession. The cuts, about a fifth of San Francisco-based company's workforce, come as panic selling grips the cryptocurrency market, with bitcoin, the world's most actively traded digital asset, losing 60 per cent of its value since a record high in November. - The Times

Hermann Hauser, the co-founder of Arm Holdings, has said the company listing in the UK is a matter of "technological sovereignty" for Europe. "This means you have a full set of all the critical technologies you need to run a country and economy properly. Not being technology sovereign means you become dependent on other countries," he told The Times yesterday. - 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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