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Wednesday newspaper round-up: UK energy summit, Grant Thornton, Nvidia

(Sharecast News) - China is to snub a major UK summit on energy security next week, the Guardian has learned, amid a growing row over the country's involvement in UK infrastructure projects. The US will send a senior White House official to the 60-country summit, to be co-hosted with the International Energy Agency. Leading oil and gas companies are also invited, along with big technology businesses, and petrostates including Saudi Arabia, Qatar and the United Arab Emirates. - Guardian Wealthier households could be made to shoulder higher costs for running and upgrading the UK's network of energy cables and pipes to help low-income bill payers under new plans to be considered this summer. The proposals could mean that high-income households will pay more via the standing charge on their energy bills, while those who are not in work or are on low pay are charged a discounted rate. - Guardian

Grant Thornton is encouraging staff to use trains instead of planes when travelling abroad as part of its effort to contribute to the net zero push. The accountancy giant has launched a new travel booking system that will "encourage environmentally conscious travel choices", forming part of its attempt to slash emissions by up to 90c by 2045. - Telegraph

Peers are preparing an attempt to block Angela Rayner's so-called "pub banter crackdown" over fears it will hinder free speech. Ahead of a parliamentary hearing this month, members in the House of Lords are battling to shield pubs and universities from a new rule forcing them to protect staff from third-party harassment. - Telegraph

Nvidia said it expects to take a $5.5 billion hit as President Trump clamps down on the sale of powerful artificial intelligence chips to China. The US chip designer at the centre of the AI boom said the US government was introducing new restrictions on its chip exports over fears they could be used to help China build a supercomputer. - The Times

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(Sharecast News) - Santander UK is freezing salaries, slashing bonuses and cutting jobs across its commercial banking arm as part of a wider shake-up that could help make the bank more attractive to potential buyers. The bank began unexpectedly changing bankers' job titles and shuffling staff into new teams earlier this month amid a larger review of the Spanish lender's UK business, where there is mounting frustration over regulations and costs. - Guardian
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(Sharecast News) - Should Brussels fail to clinch a trade deal with the US, then Ireland's economy could either lose - or fail to create - 25,000 jobs as the White House looks to prompt US tech and pharma companies back home. The warning followed Dublin's decision to cut its growth forecasts for 2025 and 2026. A prolonged trade war meanwhile could see growth slow by a third in 2026 relative to previous expectations and fall below 2%. - The Sunday Telegraph
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(Sharecast News) - Ministers plan to use new powers to block bosses from Thames Water taking bonuses worth hundreds of thousands of pounds as the company fights for survival, the Guardian can reveal. Britain's biggest water company admitted this week that senior managers are in line for "substantial" bonuses linked to an emergency £3bn loan. - Guardian
Thursday newspaper round-up: Bank of London, Telefonica, Boeing
(Sharecast News) - The post-pandemic shift to greater home working among highly skilled professionals has failed to level up Britain's economy and help struggling regions as many had predicted it would, according to academic research. Hybrid working - where workers split their time between the workplace and another remote location such as home - has surged since the height of the Covid pandemic, yet is mostly available to older, high-skilled professionals based in London and other major cities. - 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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