Flash Briefing: Split in UK Labour Party; 8 arrests in $2bn Mozam Tuna Bond scandal; Aussie Parly hacked by hostile state; Honda closes in UK

In today’s global business headlines… The UK yesterday experienced its biggest political split in almost 40 years when seven members of the Labour Party walked away from the official opposition, which is led by the controversial Jeremy Corbyn. Still in the UK, the country’s struggling motor manufacturing sector took another blow yesterday with news that Honda’s 160,000 vehicle a year factory in Swindon will close. Australian prime minister Scott Morrison says that his country has managed to see off a cyber attack by a foreign state whose hackers attempted to extract confidential information from computer systems in parliament. In South African related news, the Mozambique government has belatedly moved against those involved in the $2bn Tuna Bond corruption, ordering a series of high-profile arrests this week.