Elon Musk is under investigation by the US Securities and Exchange Commission over his $44bn takeover of social media giant Twitter, it was revealed on Thursday. The investigation concerns whether Musk broke federal securities laws in 2022 when he bought stock in Twitter, which he later renamed X, as well as statements and SEC filings he made about the deal. – Guardian
The Bank of England says it suffered “a technical issue” which prevented it from opening its real-time gross settlement service and its CHAPS high-value payments system this morning (14 August). The central bank, in a short statement, adds the cause behind the outage “has been resolved and settlement will resume
Big pay increases for highly paid workers in London and the south-east have masked real wage cuts across large swathes of the economy and led to a widening in the UK’s geographical earnings gap, a leading thinktank has said. A study from the Institute for Fiscal Studies (IFS) found that while workers in some sectors – such as manufacturing, education and hospitality – had fallen in inflation-adjusted terms, there had been significant rises for those employed in the business services sector, the City and IT. – Guardian