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Headlines - System failure affects house sales, payments and more in the UK and Europe - UK sanctions Russian-linked oil tanks - Keir Starmer allows asylum claims to be processed outside of UK - Meta explores stakes in EssilorLuxottica and Ray-Ban - Titanic maker Harland & Wolff is seeking a fresh loan for its survival

Overview - On Thursday, the Bank of England announced that it was experiencing a temporary outage of its CHAPS interbank payments system. The system handles over 360 billion pounds ($467billion) in a single day. However, the Bank of England expects all transactions to settle by the end of today. An official notice published on Thursday showed that Britain had added 11 new sanctions to its Russia sanctions regime in relation to the conflict in Ukraine. Keir starmer, the new British prime minister, said that a stronger defence and security collaboration would help Ukraine, while sharing intelligence could be used to combat illegal immigration. Meta Platforms has entered into talks with EssilorLuxottica to purchase a 5% stake in the company that produces Ray-Ban's smart glasses. Harland & Wolff has been in discussions with Riverstone Credit Partners about a possible extension of their existing $115 million credit line by 20 million pounds (25.88 millions).