Keep up to date with the latest insurance and finance news in our weekly round-up…

 

Regulators accuse Tesla’s Elon Musk of securities fraud

The US financial regulator says Mr Musk’s claims that he had secured funding to take the electric carmaker private were ‘false and misleading’.

UK firms cut investment as Brexit nears, current account gap widens

British companies cut their investment in the second quarter of 2018, when Brexit was less than a year away, and the country’s balance of payments shortfall grew more than expected.

UK annual economic grown rate downgraded to 1.2% by ONS

The annual rate of growth in the UK economy has been downgraded after the Beast from the East inflicted more damage than expected.

InsurTech investments hit record high

There were a record breaking number of insurance technology investments made in the second quarter of 2018.

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