Elon Musk secures $46.5bn as he prepares hostile bid for Twitter – business live

• Tesla boss could take his $43bn offer directly to shareholders, bypassing the Twitter board
• World Bank chief warns of human catastrophe' from food crisis
• Billionaire Bill Ackman sells Netflix shares at 400m loss
• Putin ally Alekperov resigns as president of Russia's Lukoil
• Russia moves closer to debt default
• Closing summary
• Ukraine live updates

Boris Johnson is in India at the start of a two-day visit, where he said he hopes to clinch a free trade deal for Britain by the end of the year.

Inflation in the eurozone has been revised slightly lower but remains at a record high as energy costs surge.