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Thursday newspaper round-up: Twitter, Disney, Siemens

(Sharecast News) - Twitter users were unable to post instantly on the website for almost an hour, in the latest outage to hit the social media platform since billionaire Elon Musk's $44bn takeover. From around 10pm GMT on Wednesday, users attempting to tweet were informed by the platform they had hit their daily limit - despite many of them reporting having not tweeted at all that day. - Guardian Strikes by firefighters have been postponed following an increased pay offer during lengthy talks with employers, it was announced on Thursday. The Fire Brigades Union (FBU) said it had been offered a 7% pay rise backdated to July 2022, and then 5% from July this year. The union had warned of strikes if a previous 5% pay offer was not increased following a huge vote in favour of industrial action. - Guardian

Disney has announced plans to cut 7,000 jobs and $5.5bn in costs after reporting its first ever drop in subscriber numbers. The job cuts represent just over 3pc of Disney's global workforce of around 220,000. The US media giant lost 2.4m Disney+ subscribers in the final three months of 2022, taking the total to 161.8m. - Telegraph

Europe's market-leading lorry manufacturer must pay Royal Mail and BT about £20 million as part of a landmark cartel damages ruling that could pave the way for further compensation orders. Competition experts predicted that DAF, a company based in Eindhoven in the Netherlands, will pay Royal Mail alone more than £17 million after the competition appeal tribunal in London ruled that both British companies should be awarded damages. - The Times

Siemens has been fined £1.4 million after pleading guilty to a health and safety offence following the death of Ian Parker, 58, a technician, at one of the company's facilities in west London. The German multinational, which employs 11,000 staff in the UK, has been sanctioned by the rail safety watchdog after Parker was crushed by a traction motor while conducting maintenance work on Heathrow Express trains at the Old Oak Common depot. - The Times

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(Sharecast News) - Ministers have earmarked north Wales as the site of a large-scale nuclear power plant, which is part of plans to resuscitate Britain's nuclear power ambitions. Wylfa on Anglesey (Ynys Môn) has been named as the preferred site for the UK's third major nuclear power plant in a generation, coming after EDF's Hinkley Point C nuclear plant, which is under construction in Somerset, and its Sizewell C nuclear project planned for Suffolk. - 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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