A look at Elon Musk's planned SpaceX-Tesla merger, which would create a $3.6T company but faces serious hurdles like shareholder votes and regulatory probes (Financial Times)

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• At least $83,000 lost in phishing scams linked to fake Simba websites since March: Police

  ### Briefing At least $83,000 has been lost in phishing scams linked to fake Simba websites since March, according to police warnings. Victims searched Google for Simba top-up services, clicked on sponsored fake sites, and entered their banking details. The police advised checking web addresses carefully, using the legitimate top-up site "https://topup.simba.sg", and avoiding search engines.

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• Faisal Islam: Inflation and borrowing figures illustrate chancellor's Budget challenge

  The Chancellor's Budget faces significant challenges due to rising inflation and increased borrowing costs, with the National Debt reaching £3 trillion and inflation hitting 3.5%, likely to rise further. Despite the desire for "breathing space" for consumers, public finances remain under pressure. The Bank of England is closely monitoring services and core inflation, suggesting a potential interest rate rise next month. Welfare payments will see an increase of 3.9% next April, and while food prices remain stable,…

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• GIC, Temasek deny claims they pressured MSCI to downgrade Indonesia's market

  GIC and Temasek have denied claims that they pressured MSCI to downgrade Indonesia's market status, citing their investment decisions based on fundamentals rather than index classifications. The allegations have been described as "baseless" by Temasek's head of Asia Pacific (excluding China and India). The sharp sell-off in the Jakarta Composite Index following GIC and Temasek's alleged involvement is attributed to the reclassification proposal, which could have been a contributing factor to the sell-off.

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