Ggood morning. Twitter has locked down changes to its website in an effort to stop unhappy staff ‘going rogue’ and making unauthorized changes in the wake of Elon Musk’s $44bn takeover.
Elsewhere, public sector net borrowing came in under forecast in March, with £18.1bn added to the debt pile.
5 things to start your day
1) Can Elon Musk save Twitter from liberal narcissism? Billionaire entrepreneur faces battle to broaden site’s appeal beyond its elite metropolitan audience
2) Climate campaigners urge Michael Gove to scrap coal mine If approved, the Cumbria project would be the first new colliery in decades
3) ‘No evidence’ of sustained hit to UK exports to EU since Brexit trade deal Sales into Europe remained strong, experts find
4) Rupert Murdoch’s TalkTV braces for potential advertising boycott The channel is wary of facing similar backlash that struck GB News following pressure from Left-wing campaign group
5) Jacob Rees-Mogg warns over ‘huge cost’ of net zero drive Climate targets will hold back plans for a bonfire of red tape, says Brexit Opportunities Minister
what happened overnight
Asian markets were mixed on Tuesday as investors scrabbled to recover from the Monday’s rout. Hong Kong and Shanghai edged up but made only small teeth in the massive losses suffered the day before. Tokyo, Seoul and Jakarta also ticked higher, though Sydney, Singapore, Wellington, Taipei and Manila fell.
Coming up today
- Corporate: Puretech Health (full-year results); Associated British Foods, Elementis, Hochschild Mining, HSBC (temporary); IWG, Jupiter Fund Management, National Express, Taylor Wimpey (trading update)
- Economics: Public sector net borrowing (UK)durable goods orders (US)non-defence capital goods orders (US)house price index (US)consumer confidence (US)new home sales (US)