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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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Wednesday newspaper round-up: Post Office, Spirit AeroSystems, Flutter
(Sharecast News) - The Post Office is expected to announce the closure of dozens of branches and cut up to 1,000 head office jobs as it seeks to reduce costs to secure its financial future. There are about 11,500 Post Office branches across the UK, of which 115 are wholly centrally owned. The rest are operated by independent post office operators under contract and partners such as WH Smith and Tesco. - Guardian
Tuesday newspaper round-up: Bluesky, British Steel, FRC
(Sharecast News) - Social media platform Bluesky has picked up more than 700,000 new users in the week since the US election, as users seek to escape misinformation and offensive posts on X. The influx, largely from North America and the UK, has helped Bluesky reach 14.5 million users worldwide, up from 9 million in September, the company said. - Guardian
Monday newspaper round-up: Hospitality, wind generation, Vertical Aerospace
(Sharecast News) - Great Britain "lags behind" Europe on measures to restrict betting adverts, according to a report released days after official data showed a sharp increase in the number of children with a gambling problem. Restrictions on ads by bookmakers and casinos are increasingly becoming "the norm" across Europe in response to public health concerns, according to a report commissioned by GambleAware, the UK's leading gambling charity. - Guardian
Friday newspaper round-up: AI, Bentley, News Corp
(Sharecast News) - Dozens of health and children's groups have urged ministers to tackle obesity by imposing taxes on foods containing too much salt or sugar. New levies based on the sugar tax on soft drinks would make it easier for consumers to eat more healthily by forcing food manufacturers to reformulate their products, they claim. - 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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