Latest lie concocted that goes all round the world (9)
I believe the answer is:
satellite
'that goes all round the world' is the definition.
'latest lie concocted' is the wordplay.
'concocted' indicates anagramming the letters.
'latest'+'lie'='latestlie'
'latestlie' is an anagram of 'SATELLITE'.
(Other definitions for satellite that I've seen before include "important person's attendant" , "outpost" , "Moon" , "sidekick" , "Something in orbit" .)