Software firm Bytes Technology Group, who has appointed an independent committee to investigate secret trades of former boss Neil Murphy, sending shares down as much as 14 per cent.

The Financial Times reports on the news that Deloitte, one of the “big four” global accountancy firms, is poised to overhaul its business structure.

Evergrande, the struggling Chinese property giant, along with its founder Hui Ka Yan, faces allegations of inflating revenues by $78 billion (£61.6 billion) in the two years preceding the company’s default on its debt.

Japan’s central bank has raised the cost of borrowing for the first time in 17 years. The Bank of Japan (BOJ) increased its key interest rate from -0.1% to a range of 0%-0.1%. It comes as wages have jumped after consumer prices rose.

Donald Trump cannot find a private company to guarantee the $464 million (£365 million) he has to pay in a New York civil fraud lawsuit.

Nvidia has revealed its latest artificial intelligence (AI) chip, boasting a significant speed boost of 30 times compared to its predecessor.