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Twitter locks up to stop employees from cheating over Elon Musk takeover – live updates

Good morning. Twitter has blocked changes to its website in an attempt to stop unfortunate staff from cheating and making unauthorized changes following the $ 44 billion takeover of Elon Musk.

Elsewhere, net public sector lending fell short of forecasts in March, adding £ 18.1 billion to the debt pile.

5 things to start your day with

1) Can Elon Musk save Twitter from liberal narcissism? Entrepreneur billionaire is facing a battle to expand the attractiveness of the site beyond its elite metropolitan audience

2) Climate actors call on Michael Gove to scrap coal mine, if approved, Cumbria project to be first new shaft in decades

3) “No evidence” of prolonged blow to UK exports to EU after Brexit trade deal European sales remain strong, experts say

4) Rupert Murdoch’s TalkTV prepares for potential advertising boycott The channel is afraid of encountering a similar reaction, which hit GB News after pressure from the left-wing campaign group

5) Jacob Rees-Mogg warns of the “huge price” of the net zero engine. Climate targets will thwart plans to ignite bureaucracy, says Brexit minister

What happened during the night

Asian markets were mixed on Tuesday as investors struggled to recover from Monday’s collapse. Hong Kong and Shanghai increased, but made only small dents in the huge losses suffered the day before. Tokyo, Seoul and Jakarta also rose, although Sydney, Singapore, Wellington, Taipei and Manila fell.

Expect today

  • Corporate: Puretech Health (year-round results); Associated British Foods, Elementis, Hochschild Mining, HSBC (intermediate); IWG, Jupiter Fund Management, National Express, Taylor Wimpey (Trading Update)
  • Economy: Net public sector loans (UK), durable goods orders (US), non-defense capital goods orders (US), housing price index (US), consumer confidence (US), new home sales (USA)