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Thursday newspaper round-up: Royal Mail, Nato, Netflix tax

(Sharecast News) - Royal Mail has unveiled a solar-powered "postbox of the future" with a built-in barcode reader and a hatch to accept parcels larger than letterbox size. In the "biggest change to postbox design since their introduction more than 175 years ago", the hi-tech pillar box looks as if it is wearing a jaunty beret. The black, chequered lid is in fact solar panels that power the scanner. The postbox's extra-large opening hatch offers a new way for the postal service to cash in on a roaring parcel trade. While letter volumes are in steep decline, Britain is in the grip of a secondhand selling boom as consumers use sites such as Vinted to make extra cash. - Guardian Gordon Brown has called for an "economic coalition of the willing" to respond to Donald Trump's tariffs with coordinated economic policies, including a reduction of interest rates. The former prime minister also said it was a moment for the UK to go even further in renewing ties with the EU, suggesting it should mean "collaboration that is even more extensive than removing post-Brexit trade barriers". - Guardian

Military chiefs at Nato have been warned of global internet blackouts following a string of suspected Russian attacks on subsea cables. Telecoms companies including Vodafone, O2 owner Telefonica and Orange have written to UK, EU and Nato officials warning that a rise in sabotage incidents was putting critical services at risk. - Telegraph

US streaming giants should pay a "Netflix tax" to help pay for more high-quality British TV shows, MPs have urged. In a report published on Thursday, the culture, media and sport committee called on American media giants such as Netflix, Disney, Amazon and Apple to "put their money where their mouth is" by paying a 5pc levy on their UK revenues. The takings would be channelled into a new cultural fund, administered by the British Film Institute (BFI), to support high-end British dramas. - Telegraph

The Bank of England has warned that traders using similar artificial intelligence models to make key decisions risk escalating the impact of market shocks on the financial system. A report by the Bank's financial policy committee said that while AI could be used to increase market efficiency there were also risks as traders could inadvertently "take actions collectively in such a way that reduces stability". - The Times

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Friday newspaper round-up: Harrods, USD1, European ETFs
(Sharecast News) - Staff at the Co-op have been ordered to keep their cameras on during remote meetings to verify attendees while Marks & Spencer has halted all recruitment as the companies tackle cyber attacks. Both retailers have had to shut down parts of their IT systems after hackers infiltrated their networks with alleged ransomware attacks. Harrods, the luxury London department store, became the third household name to confirm it had fallen victim to cyber criminals on Thursday. - The Times
Thursday newspaper round-up: Ukraine-US deal, Microsoft, Tesla...
(Sharecast News) - Ukraine and the US have announced they have reached a vital minerals deal following months of sometimes fraught negotiations. In Washington on Wednesday, the two countries said they signed an agreement on a joint fund to invest in Ukraine's reconstruction, with a draft saying Washington would get preferential access to new Ukrainian natural resources deals. - The Independent
Tuesday newspaper round-up: Gas power stations, blackouts, IBM
(Sharecast News) - Britain's gas power stations should be nationalised to prevent their owners from holding the electricity market "to ransom", a thinktank has urged. The country's dwindling fossil fuel power plants are ripe for nationalisation as ministers aim to reduce gas consumption to just 5% of the electricity system by 2030, according to a report by Common Wealth. - Guardian
Monday newspaper round-up: UK banks, RedBird Capital, Will Shu
(Sharecast News) - UK banks' earnings reports will be studied this week for signs of turmoil linked to Donald Trump's tariff drama, with uncertainty over global growth likely to weigh on lenders with heavy exposure to China, including HSBC. First-quarter profits only reflect the January-to-March period that preceded the US president's "liberation day" tariff announcements on 2 April. But investors will be concerned about any hints of caution around earnings forecasts, as well as an uptick in money put aside for defaults by tariff-hit borrowers. - 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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