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Summary

  1. Welcome to our new look Live Page
  2. The morning's main business programmes are available on the Live Coverage tab
  3. Shares in the US and Asia wobble on worries over the global economy

Live Reporting

All times stated are UK

Get involved

Howard Mustoe

Business reporter

That's all from us today. Hope you liked the new-look page. Join us again from 06:00 on Monday for more.

NEW TESLA

Musk
Getty Images

Electric car pedlar Tesla will make a four-wheel-drive, two-engine car for bad weather. It will be able to scan road signs for speed limits and reduce the car's motion accordingly. It'll cost $120,000, or about £75,000, but that's for the basic model.

GERMAN SHARES

German shares being particularly hard hit today, with the Dax index down 2% to its lowest level in a year. It has been hit by a string of poor economic data. Caroline Vincent at Cavendish Asset Management: "The poorer the data gets, the more likely it is that the ECB will do QE (quantitative easing)."

Via Email

'LUNATIC FRINGE'

Professor Crawford Spence

Warwick Business School professor, researching tax avoidance

emails: "Countries such as Ireland, the Netherlands and Luxembourg constitute something of a 'lunatic fringe' when it comes to corporate tax affairs. These latest noises from the European Union about Irish state aid do not amount to a systematic change in attitudes towards corporate contributions to society. They seem more motivated by common market principles rather than any moral outrage at corporate tax evasion."

FIRSTGROUP CONTRACT

train
PA

Some good news for FirstGroup, which earlier this week was dropped by the government from running ScotRail. FirstGroup said the Great Western contract, which is separate, would be extended. Last year the route accounted for around a third of FirstGroup's rail division's £2.87bn of sales.

Via Twitter

ROUBLE TROUBLE

Joe Lynam

BBC Business Reporter

tweets: Russian Rouble is rapidly
losing value against the USD. 7.5% since the 'ceasefire'. 15% since July

GOOGLE TREK

Google camera
Google

Nowhere escapes Google's mapping campaign. Google Street View captured a trek through the Liwa oasis, west of Abu Dhabi, using a special camera strapped to a camel. Popular walking routes in the Lake District are also being filmed using similar technology - presumably without the camel - the Times reports today.

OIL PRICES

BBC World News

Jane Foley
BBC

Oil prices have continued their recent slide. North Sea Brent crude is now trading below $90 a barrel. "There is a lot of supply," says Jane Foley from Rabobank. That combined with signs of slowing global growth is depressing oil prices. But lower fuel prices should, in the longer term, be good for the global economy, Ms Foley points out.

Via Blog

Nigel Wilson, chief executive Legal & General

blogs:

Control of public spending and deficits seems to be going haywire in Europe and in the UK too.... David Cameron has promised £7.2 billion of tax cuts in the next Parliament, even though NHS spending is to be ring-fenced. So far, there has been no explanation of how this is to be funded.

Via Twitter

WOMEN AND WORK

Despite some furious back pedalling, Microsoft chief executive Satya Nadella is still being slapped about on Twitter for saying that women shouldn't ask for a pay rise. Andrew Clark, deputy business editor of The Times tweets: "

Microsoft's workforce: 71% male, 29% female. Among leadership roles: 83% male, 17% female."

AMAZON 'STORE'

Amazon parcel
Getty Images

Amazon plans to open a store in Manhattan,

according to the Wall Street Journal. It would be Amazon's first real world location for customers in the company's 20-year history. The store, sited across from the Empire State Building in Midtown, will act as mini-warehouse where customers can pick-up orders, exchange and return goods, according to the WSJ.

CHINA COAL

coal
AP

Chinese coal mining shares rose after the government announced it will re-impose coal import tariffs, a decision Australian producers condemned. China is by far the world's biggest coal importer and consumer, accounting for around half of global demand. China will instate tax of 3% to 6% on some coal imports from 15 October

Via Twitter

Richard Westcott

BBC transport correspondent

tweets: "#Ebola should get more details in next few hrs on airport, Eurostar checks. Although don't expect mass screening or anything"

UK TRADE

Trade deficit
ONS

There's been a steep fall in the UK's trade deficit in goods and services. Seasonally adjusted, the deficit was estimated to have been £1.9bn in August, compared to £3.1bn in July. But the main factor behind the narrowing was a "large fall" in imports from non-EU countries, according to the ONS. Exports decreased from July to August by £0.7bn, mainly due to oil.

WOMEN AND WORK

BBC Radio 4

It's 13 years since the Daily Telegraph's Alison Pearson began the Kate Reddy column - a fictional character but all too real for millions of women with careers and young children. Kate Reddy has returned - now caught between teenage children and aging parents. Ms Pearson tells

Today the female biological clock has to fit in with male work practices, forcing them to have children later.

BreakingHEADLINES

  • European shares follow US and Asia lower
  • 'Handful' of programmers behind cyber crime
  • Report says Germany to slash growth forecasts

GERMAN SLOWDOWN?

German parliament
BBC

The German government will slash its economic growth forecasts for 2014 and 2015 next week,

Reuters reports, citing anonymous sources. The growth outlook for both years could be cut to about 1.25%, says the newswire. The last official data, from April, estimated 1.8% growth for this year and 2% for 2015.

MARKET UPDATE

Modest losses for the

FTSE 100 so far, following sharp losses in Asia and in the US on Thursday.

  • FTSE 100 down 0.5%
  • Travel shares down,
    Carnival down 2.5%
  • Miners among biggest FTSE 100 losers

DOUBLE IRISH

Irish flags
Getty Images

The Financial Times leads today with the pressure being put on Ireland to end the low tax deal known as the double Irish. Big US technology and pharmaceutical firms have used the (perfectly legal) scheme to pay very little tax. Irish Finance Minister, Michael Noonan is under pressure to close the loophole in the 2015 budget, to be presented on Tuesday, the FT says.

MEERKATS LIVE

Meerkat
AFP

Ever wondered what meerkats do after the zoo closes? Well you could soon find out as London Zoo is working with UK regulator Ofcom on new broadcast technology. It will stream video of meerkats, otters and giant tortoises to YouTube, 24 hours a day.

ROYAL MAIL

BBC Radio 4

Royal Mail parcels
Getty Images

It's a year since Royal Mail sold shares on the stock market. On

Today Ian Senior, an independent postal economist, says the parcel arm has become the "money spinner", as more of us are shopping online. He doesn't know why the government is still holding its 30% stake. Mr Senior thinks the government was perhaps hoping the shares would continue rising.

MICROSOFT ROW

ceo
AP

Microsoft's chief executive took some flak yesterday after saying women in the technology industry should not ask for pay rises but, instead, have faith in the "system". At a conference Satya Nadella had been asked how women should get ahead in the tech world. There followed some rapid backpedalling. He later said he was "inarticulate" and the industry needed to close the gender pay gap.

HOW TO SPEND IT

How to Spend It
Financial Times

Oh joy. It's Friday and that means the Financial Times includes its How to Spend it magazine. Think of it as the Argos catalogue for plutocrats. Highlights this week: Shaving soap £65; Cashmere tie £140; Lambskin jacket £5,100. There are also some alarming (and probably expensive) haircuts.

WORLD GROWTH

BBC Breakfast

Ismail
BBC

The International Monetary Fund is warning of a weak and uneven global recovery. Ismail Erturk, a lecturer at Manchester Business School, is on Breakfast talking about the world economy. Banks are not willing to lend because of weak balance sheets, he says. "We need better co-ordination from central banks around the world; also we need better fiscal policies to encourage business to invest more."

SMART TYPING

BBC Radio 4

This probably counts as a "first world problem". But typing on a smart phone can be a frustrating experience. Ben Medlock and his company, Swiftkey thinks it has the answer. Predictive text software doesn't understand how we use language, he says on

Today. He firm's artificial intelligence technology understands the "human element".

CYBER CRIME

BBC Radio 4

Interpol HQ
Reuters

A small handful of rogue programmers are behind most of the world's computer-crime, according to Troels Oerting, head of Europe's cyber crime police force. "It's Russian-speaking organised crime," he says on

Today. Mr Oerting thinks there are 100 top programmers globally that are up to no good. He is taking four "key" cases to Russian government.

GERMAN ECONOMY

BBC Radio 4

What should we make of recent weak economic data from Germany? Momentum has slowed over the summer says Ewen Cameron Watt from BlackRock Investment Institute on

Today. But "we will see some better numbers over the next few months," he says.

APPLE VALUE

Carl Icahn
Reuters

Is Apple worth a trillion dollars? Activist investor Carl Icahn certainly thinks so. He says the company is "dramatically undervalued". He has written to Apple's chief executive, urging him to accelerate share repurchases. Mr Icahn believes Apple's shares are worth $203 per share - almost double is current level. That would take Apple's market value to more than a trillion dollars.

WORLD GROWTH

Radio 5 live

The IMF has cautioned on slower world economic growth. Pippa Malmgren, former economic advisor to George W. Bush, tells

5 live quantitative easing has driven up asset prices like stocks and property, without yielding a stronger economy, "and that's what's worrying people." She says "more than anything" the Chinese economy is a worry. "It's been slowing for a while but people are realising it more."

ROYAL MAIL

Radio 5 live

post
PA

Royal Mail shares have tanked since the highs hit after their share sale a year ago. Richard Morley, an investment manager at Brewin Dolphin on

5 live, says the "wheels came off in July" when it had its results. "A lot of the costs are fixed, so any weakness in [sales] volumes mean a weakness to the bottom line," he says. At £3.30, their float price, they were a "screaming buy", but at the current price, he says they are a hold.

MARKETS WOBBLE

Radio 5 live

stocks
EPA

Shares in the US and Asia have had a bit of a wobble. Tokyo's Nikkei 225 is down 1% and in Hong Kong the Hang Seng is down 1.6%. That follows a 2% loss of the Dow Industrials in New York on Thursday. Investors seemed to have turned gloomy over the prospect for the US and global economy. "It had been too calm for too long," says Ewen Cameron Watt from Blackrock Investment Institute on
Radio 5 live.

Howard Mustoe

Business reporter

Good morning. Get in touch via email BizLivePage@bbc.co.uk or on twitter @BBCBusiness

Ben Morris

Business Reporter

Investors have turned gloomy over the outlook for the global economy, so we've some bumpiness on the markets. And is Apple worth a trillion dollars? Find out more on today's Business live page.