That's all we have time for on Business Live today - thanks for reading. We're back at 0600 with all of Friday's business news. Do join us then.
- RMT in new UK rail strike threat
- UK first quarter economic growth unrevised at 0.3%
BBC business correspondent Emma Simpson has been investigating:
US stock markets fell on Thursday following a sell-off in Shanghai and concerns about Greece's debt repayments. The Dow Jones fell 36 points, or 0.2%, to close at 18,126, while the S&P 500 shed 2 points to 2,120. The Nasdaq slipped 8 points, or 0.2%, to 5,097. Although the Shanghai Composite dropped more than 6% the index is still more than double what it was a year ago.
More evidence that Sweden is the promised land: its government plans to introduce a third month of paid parental leave for fathers next year. Sweden offers 16 months parental leave that can be taken by either mothers or fathers, with two months of that set aside for dads. Social security minister Annika Strandhall said a third month of leave "is a key issue towards attaining greater [gender] equality".
Ben Wood, mobile/wireless industry analyst for CCS Insight, on the Google/GoPro announcement.
IAG has - unsurprisingly -welcomed the decision by Irish MPs to approve the sale of the Irish Government's stake in Aer Lingus to the company. The Irish government agreed on Tuesday to sell its 25% share after receiving promises over jobs and key traffic routes. "The approval was a condition of the offer," IAG said.
Google is parking another tank on the lawns of both Apple and Facebook - among others. It announced a free online photo service that will offer unlimited storage of images of up to 16 megapixels and high-definition video up to 1080p. Google Photos will be available as an app on both Android and Apple devices, and on a website. It's a variation of the photo management tool on Google Plus, a social network-style service that has struggled to compete against Facebook since its 2011 launch. Apple has a photo service that offers up to five gigabytes of free storage, while Yahoo's Flickr offers one terabyte of free storage.
Airbus has suggested that an "assembly quality problem" was to blame for the crash of the A400M in Spain on 9 May. Marwan Lahoud, chief of strategy, told the German daily Handelsblatt: "The black boxes confirm it. There was no structural fault, but we have a serious final assembly quality problem." It seems that the units that control the engines of the turboprop aircraft were poorly installed during final assembly, which could have led to the engines malfunctioning.
BBC technology correspondent Rory Cellan-Jones on Google's virtual reality headset.
JP Morgan Chase has started laying off staff and will sack more than 5,000 by next year, theWall Street Journal reports. However, that is only 2% of the US bank's workforce. It will use more technology to reduce the number of tellers in its 5,570 branches, though most will lose only one staff member.
Most non-domiciled tax payers have been born abroad. But how many were actually born in the UK, inheriting this privileged tax status? There were 800 of them in the 2012-13 tax year, according to HMRC after a Freedom of Information request from Reuters. What is the point? Typically non-doms don't have to pay UK tax on income and assets held abroad, so long as the money is not brought into the UK. So how many non-doms opt for that arrangement in total, regardless of their nationality? 48,300 apparently, the vast majority coming from abroad.
They don't give up, do they, those City economists? Despite getting it hopelessly wrong for the past six years or so, they are still busily forecasting the next rise in UK interest rates. A Reuters poll of 57 economists finds that most think the next rise (the first since they fell to 0.5% in March 2009) will come in the first three months of next year. We shall see.
A high-profile City fund manager has been explaining to his clients how he managed to lose lots of their money in April. The Odey European Fund, run by Crispin Odey, lost a whopping 19% of its value last month. The explanation? It seems he lost money betting on foreign exchange movements, and via bets on oil, and also shares in so-called emerging markets. "Nobody likes being wrong. Nobody likes looking foolish. Nobody likes losing money," Odey said in a letter to clients.
More from Rory:
IDC research director Francisco Jeronimo tweets:
BBC technology correspondent Rory Cellan-Jones is watching senior vice-president of products Sundar Pichai deliver the keynote address at Google's big Android conference
Interesting comments from Christine Lagarde. The IMF boss has told Frankfurter Allgemeine Zeitung that "a Greek exit is a possibility". While that would "not be a walk in the park", a Grexit would "probably not" mean the end of the euro. We can only wonder why she has chosen to make such a statement at this point in time.
I will venture a guess that most Business Live readers have not heard of Max Martin - but chances are you will know more than a few of his compositions. The Swedish songwriter and producer (born Martin Sandberg) has just notched up his 20th US number one with Taylor Swift'sBad Blood (pictured). Only two other songwriters have had more US number ones: Paul McCartney (32) and John Lennon (26). I'd put money on Martin overtaking Macca's total sooner or later. His first #1? Britney Spears' Baby One More Time in 1999 - and he has been a writer on no less than eight number one hits for Katy Perry - starting with I Kissed A Girl in 2008.
The workers are revolting - at Deutsche Bank at least. The works council that represents some 2,500 staff at the bank's Frankfurt headquarters have called on co-chief executive Anshu Jain to quit ahead of planned job cuts and cost cuts worth €4.7bn (£3.3bn, $5.1bn). He was given responsibility for reforms and cost cuts in a boardroom shakeup last week. "A radical new start would restore our credibility and could produce a real boost to morale," the HQ works council said.
TheFTSE 100 reversed earlier losses to end the day up 7.59 points at 7,040.92. Sports Direct was the biggest riser, up 4.2% to 686p after raising its outlook. The biggest faller of the day was Ashtead, which shed 4.6% to £11.61. Some investors said UK equities were looking more attractive after suffering from uncertainty from the general election. Alan Mudie, head of investment strategy at Societe Generale Private Banking, said: "We continue to see value in the UK, which underperformed other European markets in the run-up to the election."
Google plans to introduce a "buy button" to its search results to give Google search users the option to purchase without needing to visit a separate website. Google's chief business officer, Omid Kordestani, said he wanted to reduce "friction" for users to encourage them to buy more online. However, Amazon has a considerable head start in the online shopping market.
Network Rail chief executive Mark Carne said: "It is clearly unacceptable for the RMT to massively disrupt the travelling public with strike action when we are ready to continue talks." Network Rail said it will now restart its contingency planning with the train operators, but warned that if the strike goes ahead, rail services will be "severely affected".
Greece has not asked to shift its debt repayments to the International Monetary Fund to the end of June, a spokesman said, adding that talks continue on the next review of Greece's bailout. According to IMF rules, any country that has several debt repayments in one month can choose to lump them together and pay all of them at the end of the month. Athens has some €1.6bn due to the Fund next month. Greek officials have said they may not be able to make upcoming payments to the IMF and the European Central Bank without a cash-for-reforms deal with its international lenders.
Music discovery app Shazam is introducing animage recognition feature for smartphones, reports the Financial Times' Murad Ahmed. Users can scan an image with the Shazam logo or QR code with their device's camera and then see content such a movie trailer or an online store where they can buy the goods being advertised. The move puts Shazam in competition with companies such as Blippar and Powa Technologies that are also developing "augmented reality" apps.
RMT members at Network Rail will walk out for 24 hours from 5pm on 4 June and for 48 hours from the same time on 9 June.
It appears that Greece has already defaulted on some of its foreign debt. The country owes drug makers more than €1.1bn (£780m, $1.2bn), said Richard Bergstrom, director-general of the European Federation of Pharmaceutical Industries and Associations. Its members had not been paid by Greece since December 2014 and were owed money by both hospitals and state-run health insurer EOPYY. "We have started a conversation in Brussels with the European Commission," Mr Bergstrom said. "We want the Commission to know that our companies are in this for the long run and are committed to Greece."
A top Apple executive has given the strongest hint yet that the tech giant wants to move into the automotive market. Jeff Williams, senior vice-president of operations, said at a conference in San Francisco after being asked what Apple would do with its $100bn cash mountain: "The car is the ultimate mobile device, isn't it? We explore all kinds of categories. We'll certainly continue to look at those, and evaluate where we can make a huge difference." He added that Car Play, Apple's car-connected app, was the extent of its automotive efforts thus far.
As Business Live reported on Wednesday, Avago Technologies has confirmed a deal to buy rival chipmaker Broadcom for $37bn (£24.2bn). Avago, which makes chips for the wireless and industrial markets, is offering Broadcom shareholders $17bn in cash and Avago shares worth $20bn in one of the semiconductor sector's biggest deals. It represents a premium of about 28% based on Broadcom's market value of $28.8bn on Tuesday before news of the talks emerged.
Thanks to Matthew and Rebecca for this morning's coverage. Chris Johnston here with you until 2130 with the rest of the day's business news and views.
It's a Thursday so we have these. US weekly applications for unemployment benefits rose by 7,000 to a seasonally adjusted 282,000, according to official figures. The average had fallen to a 15-year low two weeks ago. The numbers suggest the US jobs market is in good shape.
There was a "significant pre-election jump" in the number of mortgage applications being approved, according to the High Street banks. The number of approvals rose 7% in April from March to 42,116, said the British Bankers' Association (BBA). That is the fastest rise since September 2013, and the highest number for 10 months, the BBA said.
Tesco shareholders are gearing up for a battle with the supermarket giant over its £263m accounting scandal. Furious investors have called in the high-flying QC who crossed swords with F1 boss Bernie Ecclestone and the billionaire Barclay brothers to take up the cause. A formal claim is expected to be filed later this year. Shareholders in Britain and in the US claim the scandal wiped between 50p and 70p permanently from the value of the shares, meaning the total bill could be as high as £1.9bn.
TheFTSE 100 has turned vaguely positive - up 0.21% at 7048.38. Kingfisher shares remain up 3% after its trading update at 378.30p. Meanwhile, Sports Direct shares are up 4% too after its profit upgrade. The pound is down a bit after an update on GDP figures proved disappointing. It's down about half a cent against the euro and the dollar.