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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: Wimbledon, Binance, Nvidia

(Sharecast News) - Tax officials are understood to be examining whether David Cameron failed to fully disclose taxable perks such as flights on private planes when he worked for the collapsed lender Greensill Capital, the Guardian can reveal. In particular, officials are said to be looking at a number of flights that took off or landed near his house in Oxfordshire and also in Cornwall, where the foreign secretary has a holiday home. They are also examining an offshore trust that it is understood was created by Greensill to pay him extra benefits. - Guardian A London council has rejected plans to build a new 8,000-seat stadium and 38 further tennis courts on a Grade II*-listed park in Wimbledon. Wandsworth council's planning committee on Tuesday night voted unanimously to reject the All England Lawn Tennis Club's plans to almost triple the size of the tennis championship grounds from 17 hectares (42 acres) to 46 hectares. - Guardian

Civil service bureaucracy is acting "like a tax" on the economy and must be overhauled to close a £50bn-a-year investment gap between the UK and other rich nations, according to a major government review. Lord Harrington, who was commissioned by Jeremy Hunt to lead a report into UK foreign direct investment (FDI), will warn on Wednesday that a revolving door of senior ministers and "willing amateur" civil servants are holding back the economy. - Telegraph

The boss of the world's biggest cryptocurrency exchange has pleaded guilty to money-laundering charges and will pay a $50 million fine as part of a $4 billion-plus settlement to resolve a lengthy inquiry by American prosecutors. Changpeng Zhao, 46, the co-founder and chief executive of Binance, will step down from the company and will plead guilty to breaking criminal laws in a deal with the US justice department as part of a large settlement between the exchange and other agencies, including the Commodity Futures Trading Commission and the US Treasury. - The Times

Investors in Nvidia cashed in profits last night despite the chip producer's third-quarter results impressively beating forecasts on Wall Street. The stock, which has risen by almost 250 per cent since the start of the year, dipped 4 per cent immediately after the company said its revenue had risen to $18.12 billion in the three-month period, outstripping analysts' predictions of $16.18 billion and representing an increase of 206 per cent from only a year ago. The selling spree was brief, however, and the shares pared early losses. They were down 0.8 per cent, or $3.69, at $495.55 in after-hours trading last night. - 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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