Skip Header
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: 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

Share this article

Related Sharecast Articles

Monday newspaper round-up: Train drivers, bank chairs, Ocado, cash ISAs
(Sharecast News) - Labour will introduce legislation to lower the minimum age for train drivers to 18 in the House of Commons this week, as figures show fewer than 3% of drivers on Great Britain's railways are under 30. The government is pressing ahead with its proposals for teenage recruits, lowering the minimum age from 20, in a move that ministers hope will stave off a potential shortage of thousands of drivers. - Guardian
Friday newspaper round-up: Amazon, Barclays, Epstein
(Sharecast News) - Amazon announced plans to spend $200bn on artificial intelligence and robotics this year, the latest tech giant to vow fresh enormous investments in the artificial intelligence arms race. The news of the investment comes one day after the Washington Post, owned by Amazon founder Jeff Bezos, announced it was cutting approximately a third of employees. - Guardian
Thursday newspaper round-up: Bond markets, Nike, ElevenLabs
(Sharecast News) - A government minister has defended long delays to a military spending plan that are also stalling the UK's next-generation Tempest fighter jet programme, but refused to say when it will be complete. The defence investment plan (DIP), originally expected last autumn, has faced repeated postponements amid warnings that the military faces a £28bn funding gap over the next four years. - Guardian
Wednesday newspaper round-up: Migration, women in tech, mini-nukes
(Sharecast News) - The UK economy would be 3.6% smaller by 2040 if net migration fell to zero, forcing the government to raise taxes to combat a much bigger budget deficit, a thinktank has predicted. The National Institute of Economic and Social Research (NIESR) said falling birthrates in the UK and a sharp decrease in net migration last year had led it to consider what would happen if this trend continued to the end of the decade. - 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.

Award-winning online share dealing

Search, compare and select from thousands of shares.

Expert insights into investing your money

Our team of experts explore the world of share dealing.