Investment accounts
Adult accounts
Child accounts
Choosing Fidelity
Choosing Fidelity
Why invest with us Current offers Fees and charges Open an account Transfer investments
Financial advice & support
Fidelity’s Services
Fidelity’s Services
Financial advice Retirement Wealth Management Investor Centre (London) Bereavement
Guidance and tools
Guidance and tools
Choosing investments Choosing accounts ISA calculator Retirement calculators
Share dealing
Choose your shares
Tools and information
Tools and information
Share prices and markets Chart and compare shares Stock market news Shareholder perks
Pensions & retirement
Pensions, tax & tools
Saving for retirement
Approaching / In retirement
Approaching / In retirement
Speak to a specialist Creating a retirement plan Taking tax-free cash Pension drawdown Annuities Investing in retirement Investment Pathways
Tuesday newspaper round-up: TikTok, Arrival, Twitter
(Sharecast News) - As the US legislative battle over TikTok continues to escalate, Shou Zi Chew, the chief executive of the video-sharing app, will make his first appearance before Congress to testify next month. Chew will testify before the House energy and commerce committee on 23 March, Republican representative Cathy McMorris Rodgers confirmed in a statement on Monday, as scrutiny of the Chinese-owned app over data privacy concerns grows. - Guardian The British electric vans startup Arrival is cutting 800 jobs, about half its remaining workforce, to reduce costs as it seeks extra funding and plans US expansion to take advantage of green energy subsidies. The troubled electric vehicle maker said "approximately 50%" of the company's 1,600-strong global workforce would leave the company. Arrival told investors that the job cuts, and other measures to trim spending, would results in a halving of its operating costs to "approximately $30m (£24m) per quarter" following a review of its operations. - Guardian
Elon Musk is going head to head with his old company PayPal as Twitter gears up to become an online payments business. The social media company has been applying for payments processing licences across the US as well as hiring people to start building a payments system. - Telegraph
Britain's electric car market risks being left behind as the EU ramps up a transatlantic subsidies war with the US, Chancellor Jeremy Hunt has been warned. Brussels is preparing to unveil a package of measures on Wednesday aimed at supporting renewable energy, electric vehicles and other green technologies, in response to similar measures in Joe Biden's $430bn Inflation Reduction Act. - Telegraph
The UK is on course to be the world's worst-performing big economy this year, according to the International Monetary Fund. In an update to its growth outlook, the IMF delivered a hefty blow to Britain's prospects despite brightening global conditions, with a 0.9 percentage point downgrade to the UK's annual growth projection year. - The Times
Share this article
Related Sharecast Articles
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.
Policies and important information
Accessibility | Conflicts of interest statement | Consumer Duty Target Market | Consumer Duty Value Assessment Statement | Cookie policy | Diversity, Equity & Inclusion | Doing Business with Fidelity | Diversity, Equity & Inclusion Reports | Investing in Fidelity funds | Legal information | Modern slavery | Mutual respect policy | Privacy statement | Remuneration policy | Staying secure | Statutory and Regulatory disclosures | Whistleblowing programme
Please remember that past performance is not necessarily a guide to future performance, the performance of investments is not guaranteed, and the value of your investments can go down as well as up, so you may get back less than you invest. When investments have particular tax features, these will depend on your personal circumstances and tax rules may change in the future. This website does not contain any personal recommendations for a particular course of action, service or product. You should regularly review your investment objectives and choices and, if you are unsure whether an investment is suitable for you, you should contact an authorised financial adviser. Before opening an account, please read the ‘Doing Business with Fidelity’ document which incorporates our client terms. Prior to investing into a fund, please read the relevant key information document which contains important information about the fund.
This website is issued by Financial Administration Services Limited, which is authorised and regulated by the Financial Conduct Authority (FCA) (FCA Register number 122169) and registered in England and Wales under company number 1629709 whose registered address is Beech Gate, Millfield Lane, Lower Kingswood, Tadworth, Surrey, KT20 6RP.
