UK firms slash jobs after budget, but US economy booms; Royal Mail takeover gets government clearance – business live

UK staffing levels fall and government clears EP Group's takeover of Royal Mail

• Canal+ listing is vote of confidence' in UK stock market, says Reeves
• Revealed: the business dealings of Royal Mail bidder Daniel Ketinsky

Australia's financial intelligence agency has taken gambling giant Entain to the federal court, alleging it deliberately obscured the identities" of high risk customers and failed to stop a serious risk of criminal exploitation", my colleague Henry Belot explains.

The Australian Transaction Reports and Analysis Centre's (Austrac) civil penalty proceedings allege that Entain, which runs the Ladbrokes and Neds betting brands, committed serious and systemic non-compliance with Australia's anti-money laundering and counter-terrorism financing laws".