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Biden sets up emergency taskforce to tackle Microsoft hack – live updates

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1) Deliveroo reports heavy losses of £224m despite lockdown growth

It comes as the Amazon-backed food delivery app confirms plans for its £8bn London stock market listing.

2) GameStop shares soar 45pc as firm readies push into e-commerce    

The beleaguered gaming chain has hired Ryan Cohen, the founder of pet food site Chewy.com, to lead a new committee that will be tasked with hiring a host of executives to lead its customer care and online retail operations.

3) European Banking Authority hit by  global Microsoft hack 

The EBA banking regulator has launched an investigation into a hack carried out by a hacking group linked to China.

4) Calls for new intelligence sharing body to tackle online piracy 

Illegal streams of TV shows were worth €1bn in Europe alone.

5) Tesla building ‘secretive’ mega-battery in Texas 

Energy storage efforts in a small US town are a reminder that Elon Musk’s ambitions stretch far beyond cars.

Coming up later today:

3pm: US Senate Committee on Banking, Housing, and Urban Affairs to hold hearing on the GameStop share price rise



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