That's it for another day - thanks for reading. Business Live is back at 0600 GMT - join us then.
That's it for another day - thanks for reading. Business Live is back at 0600 GMT - join us then.
Apple has announced a "special event" in San Francisco on Monday 9 March that can only be the much anticipated official launch of theApple Watch. Details of its functions and features are expected to be revealed at the event.
Swapping shoes for watercolours seems unlikely, but that is what Lance Clark, the former managing director of Clarks shoes - and a sixth-generation Clark - has done. His latest watercolour landscape collection is being shown at the Strode Theatre in Somerset until 2 April. Proceeds go to Mr Clark'sSoul of Africa project.
The jobless rate in Brazil has jumped a full percentage point to 5.3% in January, from 4.3% in December. BBC business reporter Daniel Gallas in Sao Paulo says the the question is whether the January figure is a blip, or the start of a trend.
Big news from the music world. BBC Radio 1's singles countdown could move from its Sunday afternoon slot following an international deal to release albums and singles at one minute past midnight on Fridays from this summer. No decision has yet been made, however. Ellie Goulding (pictured) is number one on the singles chart.
Radio 5 live
BBC Radio 4
If you missed Justin Webb's profile of German finance minister Wolfgang Schaeuble on Today, clickhere to listen now. He was injured in an assassination attempt in 1990. Professor Michael Sturmer, an advisor to Chancellor Helmut Kohl who worked closely with Schaeuble in the 1980s, says that incident focused the politician's mind.
RBS's loss is GlaxoSmithKline's gain, it seems. Following Sir Howard Davies' appointment as the bank's new chairman, Sir Philip Hampton will take up the same role at Britain's biggest drug maker earlier than expected, at its next annual meeting on 7 May.
British American Tobacco, the world's second-largest cigarette maker, said it would take legal action against the UK government if it enacts a plan to put cigarettes in "plain packaging". MPs are expected to vote on banning branding before the end of March.
Some rare good news for Greek banks today. More than €850m of deposits returned to their coffers this week following the bailout deal, a senior Greek banker said. Savers have taken billions out of the country in recent weeks because of the ongoing economic uncertainty.
Russell Padmore analyses fears that seasonal Harmattan Winds, that carry sand from the Sahara Desert, could leave a blanket of dust on cocoa plants in west Africa, destroying crops. Ivory Coast and Ghana supply 70% of the world's cocoa beans. Listen at http://bit.ly/1BgeSOv
Wall Street was down slightly in morning trading on Thursday in the wake of mixed economic data - particularly a 0.7% fall in US consumer prices in January. That was the biggest drop since 2008 as fuel prices tumbled. TheDow is off 43 points at 18,181, while the S&P 500 is down 6.5 points at 2,107 - though both remain close to record highs set last week.
BBC business editor Kamal Ahmed tweets:
Pg 120 of RBS results: "Germany is undertaking an investigation into Coutts in Switzerland for alleged aiding and abetting of tax evasion"
More on bonuses... A live page reader writes: "Put it in context, a bonus pot of £421m across 118,000 employees is £3.5k each! Hardly fat cat money I would suggest, and the bonus payments will be contractual for certain employees doing their job and performing in excess of certain requirements."
Some breaking BBC news about, erm, the BBC: the organisation has selected a new newsroom computer system from German company Annova to replace ENPS, the Associated Press software used since 1997. You might be surprised to know thatOpenMedia will be only the third computer system BBC News has used.
It seems falling oil prices are responsible for deflation in the US. Petrol prices slid by 18.7% in January alone - the third consecutive month that the consumer prices index has fallen.
Google has made its biggest investment in renewable energy, putting $300m (£194m) into a $750m US solar power fund. SolarCity will use the money to install solar panels on houses in return for a monthly fee that saves homeowners having to pay as much as $30,000 upfront. Google can claim tax credits of about 30% on its investment. Solar City was set up in 2011 and is backed by Tesla Motors founder Elon Musk.
Thanks to Tom Espiner and Ian Pollock for this morning's coverage. I'm with you until 1800 GMT with the rest of the day's business news from Britain and beyond.
Live page reader Warwick Porter writes: "I received a bonus in 2014 of which 62% went to the government in tax and national insurance... To state that it's a joke when bonuses are paid to employees in loss-making businesses misses the point. Should salaries not be paid either? Bonuses form an inherent part of the pay package - an element of which must be flexible to incentivise performance irrespective of loss or profit."
Latest on inflation in the US. The US Consumer Price Index declined 0.7% in January on a seasonally adjusted basis, theU.S. Bureau of Labor Statistics reports. That means inflation fell by 0.1% in the previous 12 months. And that was the first annual fall since October 2009.
Business reporter, BBC News
I have just received an email invitation to a one-day workshop on this fascinating topic. Apparently it "explores the challenges of managing difficult people. The workshop will provide opportunities to understand and use win-win solutions to resolve difficult people issues and allow you to create a more productive and harmonious working environment." Why me? I don't manage anyone and can just about manage myself.
Live page reader Chris Morley writes: "Perhaps the question that ought to be asked is: What would the total loss racked up by RBS now stand at if bonuses weren't being paid because they could not attract those skilled enough to reduce the losses being incurred?"
The government is stiffening its voluntary code designed to put pressure on businesses to pay their suppliers more quickly. The prompt payment code will now stipulate 30-day payment terms as the norm, with a 60-day maximum limit.
Live page reader Glenn writes: "I work at [company name supplied]. We have a huge order book and have made good profits for last 10 years. However this year we haven't been paid a bonus even though we still made a good profit in difficult trading conditions, although not as much as the chief executive wanted. How can it be right that RBS continues to pay bonuses even though it made a huge loss?"
Live page reader Stephen Ecclestone writes: "Yes, I received a bonus in 2014; it was based on my performance rating and crucially on the profitability of my business unit. If the business unit made no profit then no bonus, which makes sense. What staggers me is that companies (RBS being one) can pay bonuses even when the company makes a loss, thereby adding to the overall losses."
Pension expert Malcolm McLean, from actuaries Barnett Waddingham, says: "While on the surface more people are paying into a pension plan, the average amount per person being contributed is less. Will the final pension pot be nearly enough for members to retire comfortably on? I worry that it won't."
In Business Update on the World Service, Russell Padmore analyses fears that seasonal Harmattan winds, carrying sand from the Sahara Desert, could leave a blanket of dust on cocoa plants in West Africa, destroying crops. Ivory Coast and Ghana supply 70% of the world's cocoa beans to chocolate makers and cosmetics companies. "There's a great deal of concern about the Harmattan Winds presently," says African agriculture expert Doug Hawkins, from Hardman and Co.Listen at audioboom.com
Five airlines have been told they cannot postpone giving compensation payments to customers whose flights have been delayed by technical problems. The airlines - Jet2, Thomas Cook, Ryanair, FlyBe, and WizzAir - had wanted Liverpool County Court to stay, or delay, one woman's claim after a delayed Jet2 flight, while a Dutch case on the same issue was heard in the European Court of Justice. But the Judge rejected this saying: "Justice delayed is justice denied."
Overwhelmingly these new recruits will be going into "defined contribution schemes" (to use the ghastly phraseology of the pension "industry"). And that means that traditional final-salary schemes now cover less than half (49%) of total workplace pension membership.
Live page reader Francis Martin writes: "Of course it's a complete joke that a loss-making state-owned business is paying bonuses at all, but they'll still get paid whatever the public reaction. The big issue is that banking has become a giant skimming operation on the real economy - banks don't invest in real businesses anymore; they merely speculate. I run a small business and the chances of my getting a loan from the bank to expand are precisely zero."
John Allan, chairman of the Federation of Small Businesses, says: "Rather than turn to their banks, they [small businesses] are increasingly using their own resources to meet their financing needs and paying down their debts rather than increasing them. And though a small part of the market, growth in alternative lenders such as peer-to-peer lenders have provided further sources of finance away from traditional bank sources."
Lots of younger workers have been recruited into a pension scheme by the auto-enrolment process. Membership of company pension schemes rose in every age group last year, the ONS said, "with the largest increase (17 percentage points, to 53%) in the age group 22-29."
Automatic enrolment in company pension schemes seems to have been a roaring success, at least in terms of membership. TheONS reports that the proportion of the UK workforce which is in a workplace pension scheme rose to 59% last year. That was up from 50% the year before. "The increase is likely to be driven by automatic enrolment," the ONS said.
Live page reader Nigel Solkhon writes: "Yes I received a bonus for my hard work in 2014 and most was spent on tax, so not happy."
More Ladbrokes betting shops will close this year. "The increase in machine gaming duty from 1 March and the anticipated impact of the new UK regulations in 2015 means that further shop closures will be inevitable." the firm says. "We continue to optimise the performance of our estate and expect to close a further 60 shops during 2015."
RBS had a £421m bonus pool in 2014, despite £3.5bn annual losses. Here's a question for you, live page readers - did you get a bonus last year? If not, how do you feel about that? If you did get a bonus, did you spend it on anything nice? Let us know at BizLivepage@bbc.co.uk.