THE DAILY BRIEFING

CURRENCY SURGE Turnover at currency exchange firm FairFX Group surged to £1.1bn in the first six months of 2018 – up from £434.1m a year earlier. HACKER WINDFALL Police data shows cyber criminals stole £28m in the six months to March. Some 12,372 internet crimes were reported during the period, with hacking of social media and email accounts the most common offences. SLOW GROWTH Halifax has revealed house prices crept up 0.3pc in June compared to the previous month, to an average of £225,654.

COURT RULES Germany’s highest court says investigators can examine internal documents seized last year from Volkswagen as part of a probe into the diesel emissions scandal, after the car maker tried to block efforts to read them. STAKE TALKS Shares in Germany’s troubled Deutsche Bank jumped by 5pc on Friday following a report that JPMorgan and Industrial and Commercial Bank of China may be interested in taking a stake. AUTO PERMIT Beijing has given the green light to German car maker

Daimler AG to test self-driving cars on its roads, making it the first international car maker to have such a licence in China’s capital. JET DUEL US aerospace firm Northrop Grumman is eyeing a Japanese jet fighter project that could pit it against US rival Lockheed Martin, Reuters reported. TELECOMS TIE-UP The world’s largest mobile phone operator, China Mobile, has signed a deal with Nokia to jointly research how artificial intelligence can help improve network coverage. PROFIT MISS Shares in Samsung fell yesterday after it missed expectations for second quarter profits.