Fidelity China Special Situations Plc

The Northern Echo
Popular pub shuts suddenly citing 'problems and other projects' amidst wages row
Disgruntled employees of a popular pub have claimed that wages are still unpaid after the venue unexpectedly shut up shop last month.
The Telegraph
What Labour has in store for your pension
The pensioner vote has been a key battleground in this election. One of the Conservatives’ key pledges was the introduction of the “triple lock plus” – extra tax breaks for the retired. But it is highly unlikely the policy will see the light of day, so what does Labour have in store for your retirement savings – and what can you do about it?
Associated Press
Chinese firms eye Morocco as way to cash in on US electric vehicle subsidies
After the United States passed new subsidies designed to boost domestic electric vehicle production and cut into Beijing’s supply chain dominance, Chinese manufacturers began investing in an unlikely place: Morocco. In the rolling hills near Tangiers and in industrial parks near the Atlantic Ocean, they have announced plans for new factories to make parts for EVs that may qualify for $7,500 credits to car buyers in the United States. Similar investments have been announced in other countries that share free trade agreements with the United States, including South Korea and Mexico.
The Telegraph
BMW attacks EU tariffs on Chinese electric car imports
BMW has accused the European Union of protectionism as Brussels prepares to hit imported Chinese electric cars with a wave of tariffs.
AFP
EU slaps Chinese electric cars with tariffs of up to 38%
The European Union on Thursday slapped extra provisional duties of up to 38 percent on Chinese electric car imports because of Beijing's "unfair" support, a move that risks escalating tensions with Beijing.- Expected cut to imports - The United States has already hiked customs duties on Chinese electric cars to 100 percent, while Canada is considering similar action.
The Guardian
British electricity prices could hinder switch to green technology, says steel industry
UK Steel says British firms paid prices in spring well over double French and Spanish equivalents
The Telegraph
Executive called ‘old fossil’ by younger boss wins £3.1m age discrimination payout
A senior executive at a FTSE 250 firm who was told by his younger boss he was an “old fossil” who “did not know how to manage millennials” has won a £3.1 million age discrimination payout.
CNN Business
Germany blocks another big business deal with China
Germany has blocked the sale of a Volkswagen subsidiary to a Chinese state-owned company on national security grounds, delivering a fresh blow to the already tense relationship with its biggest trading partner.
The Northern Echo
Offshore workers to train to fight helipad fire at new County Durham facility
Offshore workers across the UK will learn to fight helicopter and helideck fires at a new Bowburn training facility.
Fool.co.uk
The BT share price rose 37% this quarter! What’s driving the growth?
The BT share price is on the up. Mark Hartley is considering whether the growth spurt is a one-off occurrence, or is able to continue. The post The BT share price rose 37% this quarter! What’s driving the growth? appeared first on The Motley Fool UK.
The Guardian
Climate protest trial turns to chaos as defendants defy court rules
Accused speak out of turn about climate threat and challenge judge who orders jury to leave
Reuters
Germany stops planned sale of VW's gas turbine business to China
BERLIN (Reuters) -Germany's cabinet blocked the planned sale of Volkswagen unit MAN Energy Solutions' gas turbine business to a Chinese company on Wednesday, with ministers citing security reasons. The decision comes amid rising trade tensions between the EU and China. Germany's economy ministry can review and stop transactions deemed to have national security implications, and Berlin and the EU are trying to reduce risks from economic ties with Beijing.
CBC
Federated Co-ops says it's making progress as cyberattack woes enter 2nd week
As the fallout from a cybersecurity attack on Co-op enters its second week, the company in charge of the stores is asking customers to be patient."We are making significant progress in restoring some operations," Federated Co-operatives Ltd. said in a Facebook post Wednesday. "We are working to recover from the incident, but ask for your patience as we continue to build our way back to regular operations."Shelves in some Saskatchewan Co-op stores were adorned over the past week with laminated me
Business Insider
Massachusetts secured a big raise for Uber and Lyft drivers in the state, but some are worried the deal could have negative side effects
Uber and Lyft settle to pay Massachusetts drivers $32.50 per hour for time spent completing a ride, as well as paid sick leave and accident insurance.
South China Morning Post
Tesla holds on to crown as world's top pure EV maker but BYD draws closer in title race
Tesla retained its title as the world's largest pure electric vehicle (EV) maker after beating sales forecasts for the April to June period but its lead over its competitors is narrowing as Chinese manufacturers launch an array of models at cheaper prices. The Austin, Texas-based company delivered 443,956 vehicles to customers during the quarter, beating a median forecast of 439,302 units in a Bloomberg survey of analysts, edging out BYD, backed by Warren Buffett's Berkshire Hathaway, which chur
Barrons.com
U.S. Hiring Slows for Third-Straight Month, ADP Reports
U.S. private sector jobs growth slowed again, while pay rises reached a near three-year low, a monthly report said. Private-sector employment rose by 150,000 jobs in June, down from a rise of 157,000 in May, according to the ADP National Employment Report published Wednesday, marking a third month in a row that job creation slowed. Job growth has been solid, but not broad-based, according to Nela Richardson, chief economist at ADP.
Evening Standard
Global oil price circles two-month high stoking petrol cost fears
Motorist groups say previous drops in crude oil prices not fully passed on
South China Morning Post
Chinese generative AI patents top US 6-to-1 in last decade, UN data finds
China has surpassed the US in generative artificial intelligence (GenAI) patents, with six times as many filings in the decade from 2014 through 2023, according to a report published on Wednesday by a United Nations agency. China's 38,210 patent filings in the category make up about 70 per cent of the 54,000 filed in the past 10 years, according to data published by the World Intellectual Property Organization (WIPO). The US ranked second with 6,276 patent filings. They are followed by South Kor
Fortune
The workplace attention span is dead: 60% of employees can’t go 30 minutes without getting distracted
As more workers return to the office, they risk getting distracted by coworkers, manager check-ins, and meetings.
Barrons.com
Finra Fines Merrill Lynch $1.5 Million Over Avoidable Fees
The brokerage industry self-regulator says advisors executed transactions through brokerage accounts that incurred fees that wouldn’t have been assessed on advisory accounts.

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What a Labour government needs to do for pensions and work in the first 100 days

Fidelity China Special Situations Plc - Monthly Factsheet

Latest stories

Popular pub shuts suddenly citing 'problems and other projects' amidst wages row

What Labour has in store for your pension

Chinese firms eye Morocco as way to cash in on US electric vehicle subsidies

BMW attacks EU tariffs on Chinese electric car imports

EU slaps Chinese electric cars with tariffs of up to 38%

British electricity prices could hinder switch to green technology, says steel industry

Executive called ‘old fossil’ by younger boss wins £3.1m age discrimination payout

Germany blocks another big business deal with China

Offshore workers to train to fight helipad fire at new County Durham facility

The BT share price rose 37% this quarter! What’s driving the growth?

Climate protest trial turns to chaos as defendants defy court rules

Germany stops planned sale of VW's gas turbine business to China

Federated Co-ops says it's making progress as cyberattack woes enter 2nd week

Massachusetts secured a big raise for Uber and Lyft drivers in the state, but some are worried the deal could have negative side effects

Tesla holds on to crown as world's top pure EV maker but BYD draws closer in title race

U.S. Hiring Slows for Third-Straight Month, ADP Reports

Global oil price circles two-month high stoking petrol cost fears

Chinese generative AI patents top US 6-to-1 in last decade, UN data finds

The workplace attention span is dead: 60% of employees can’t go 30 minutes without getting distracted

Finra Fines Merrill Lynch $1.5 Million Over Avoidable Fees