9am Lowdown: HSBC, FIA and inflation

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Happy Friday, everyone. Welcome to today’s 9am Lowdown.

News roundup

UK inflation reaches five-year high of three percent, raising pressure on the Bank of England to raise interest rates for first time in a decade. (Financial Times)

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HSBC and Standard Chartered face UK financial regulators and Serious Fraud Office investigation over South African corruption scandal. (BBC)

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The Fédération Internationale de l’Automobile (FIA), Formula One’s governing body, has been advised to introduce a whistleblowing system to prevent corruption following an investigation by the consultancy firm Deloitte. (Independent)

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Conservatives urge Theresa May to walk away from Brexit talks if EU27 continue refusing to discuss trade. (The Guardian)

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