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Summary

  1. Brazil's economy grows at slowest pace since 2009
  2. Google loses appeal over tracking case
  3. Co-op bank reports annual loss of £264m
  4. RBS confirms sale of Coutts International

Live Reporting

By Kim Gittleson

All times stated are UK

Get involved

Happy weekend!

That's all from me and the rest of the live page team for the week. Thanks so much for reading - and now, have a great weekend! We'll be back with you at 06:00 on Monday.

Business pushback

yelp letter
yelp

US firms

are speaking out about a religious freedom law that takes effect in the US state of Indiana today. It gives business owners who object to homosexuality on religious grounds the right to turn away gay, lesbian and transgender customers. Firms including pharmaceutical giant
Eli Lilly, restaurant review site
Yelp, and computing company
Salesforce have all issued statements saying they will look to conduct their business outside the state.

Unemployment flip

nebraska
Getty Images

And the winner is...Nebraska. For months, North Dakota has had the enviable title of being the US state with the lowest unemployment rate. But as that state's oil industry reels from

collapsing prices, mid-western Nebraska has stolen its title.
Latest figures released by the Bureau of Labor Statistics reveal that the unemployment rate in Nebraska was 2.7%, versus 2.9% in North Dakota.

Willie Nelson weed

Willie Nelson
Getty Images

The US market for

legal marijuana is booming, with firms in states where recreational weed is legal - Colorado and Washington, with Oregon, Alaska and Washington, DC set to join soon - hoping to get ahead of the "green rush". Add another name to the list: singer-songwriter Willie Nelson, who told US website
The Daily Beast that he hoped to start his own weed "brand" soon. Which prompts the question: what other celebrity-branded dope would people smoke?

FTSE down

The

FTSE 100 ends Friday lower, falling 0.58% or 40.31 points to finish at 6,855.02. That went against the trend of European markets, with both Frankfurt's
Dax 30 index and Paris's
Cac 40 ending the day higher.

Via Twitter

Michelle Fleury

BBC business correspondent, New York

Growth in the US economy slowed in the final months of 2014 to 2.2%. And the current quarter is expected to be worse due to bad weather #GDP -

@BizFleury

It's a party

Carnival ship
Getty Images

Shares in cruise operator

Carnival are up over 7% after it reported better-than-expected earnings. Lower fuel costs helped boost the bottom line, and Carnival said it would order nine new ships from firms in Germany and Italy. "These will be the most efficient ships we have ever built," said chief executive Arnold Donald
in a statement.

Via Twitter

Lia Nicholls, deputy editor, Loaded magazine

two issues of loaded magazine
lia nicholls

The very first and unfortunately the last issue of

@loadedmag. Sad day. Loved every minute. -
@lianicholls

Loaded folds

loaded magazine
loaded

Loaded, the lads' magazine that had its heyday in the 1990s, is set to fold after 21 years. The last edition of the magazine will be its April issue, which came out yesterday and featured interviews with Noel Gallagher and Irvine Welsh.

Via Twitter

Yanis Varoufakis, Greek finance minister

tweets: Every time the

negotiations heat up, some new rumour of my resignation, demise etc. springs up. Somewhat amusing... -
@yanisvaroufakis

Canadian cheese

Velveeta
Getty Images

One of the biggest business stories of the week the

merger of two US food giants: Kraft and Heinz. But a crucially underreported detail of this billion dollar deal was this: James Lewis Kraft, the founder of the firm that introduced (the often unfairly maligned) American cheese to US consumers,
was born in Canada.

Spain deficit

Spanish flag with scissors
Getty Images

Spain has met the European Union's budget deficit target for the first time

since 2008. The country's finance minister Cristobal Montoroin said the deficit was 5.7% of GDP in 2014, below the EU target of 5.8%. The Bank of Spain said it expected the Spanish economy to grow by 2.8% in 2015.

Blackberry profit

Endlessly struggling Canadian smartphone manufacturer

Blackberry
posted a modest profit in the quarter ending 28 February, beating expectations. It eked out a profit of $28m (£18.8m), compared to a loss of $423m a year earlier. Shares in the firm rose nearly 3% on the news.

Apocalypse miaow

swheat scoop kitty litter
Swheat scoop

An official report by the US government has found that a mix-up in cat litter brands led to
a major accident at a nuclear waste dump in the US state of New Mexico last year. Cat litter, which is extremely absorbent, is often used to soak up nuclear waste, but the mix-up came when an untested brand of organic cat litter,
Swheat Scoop, was used, which caused a single drum of nuclear waste to burst open.

Surgical robots

Robot
Getty Images

US medical giant

Johnson & Johnson announced plans to collaborate with tech giant
Google on surgical robots. "The companies will bring together capabilities, intellectual property and expertise to create an innovative robotic-assisted surgical platform capable of integrating advanced technologies with the goal of improving health care delivery in the operating room," Johnson & Johnson
lucidly explain in a statement.

Market update

US stocks are opening a touch higher after four days of declines. Cruise operator Carnival

jumped 6% after reporting profits that beat the estimates of the market.

Via Blog

Is it possible to end global poverty?

Linda Yueh

Chief business correspondent

Later this year, the UN is expected to adopt the World Bank's ambitious target of ending extreme poverty by 2030.

But, what would it take? Could we really see the end of poverty within a generation? Read today's Linda Yueh blog.

North sea industrial action?

North Sea workers will vote on industrial action over jobs, pay and shifts, according to the newswire PA. Unions Unite and the GMB have given the go-ahead for an official ballot, it said.

New show

Business live show
BBC

On Monday the BBC's Business team launches a new programme. Business Live will be presented by Ben Thompson and Sally Bundock. If you want a briefing of business and economics news from the UK and across the globe, watch BBC News Channel at 08:30 GMT.

Equality assured?

India's market regulator, the Securities and Exchange Board of India, has told the country's listed companies to name at least one female director by April, according to the Associated Press newswire. A few companies appear not to have grasped the spirit of this rule by appointing executives' wives to their boards, reports the newswire. Since the order was made, more than 80 appointments were family of company owners, it said.

US economy

US gross domestic product expanded at a 2.2% annual rate in the last three months of 2014, according to the Commerce Department, confirming prior estimates. The economy grew at a 5% rate in the third quarter.

Brazil economy

Rio street
Getty Images

Brazil's economy grew 0.1% in 2014, its slowest growth since 2009. Shrinking investment and government spending may squeeze growth this year, as investment fell 0.4% in the final quarter.

ABN Amro sale

The Dutch government is delaying a decision on the sale of nationalised bank ABN Amro, said finance minister Jeroen Dijsselbloem. The bank said last week that most of its directors had received pay rises of just over €100,000 (£73,000) after they were banned from receiving bonuses since the Dutch state nationalised the bank in 2008.

Via Twitter

Douglas Fraser

Business and economy editor, Scotland

North Sea job losses attacked as 'cut and gut', while @WoodMackenzie says drilling costs plunging

Fur back in fashion

BBC World News

A model wears a fur coat at the Hong Kong International Fur and Fashion Fair 2015
PA

On British catwalks last year, more than 60% of shows featured fur and at New York fashion week the figure topped 70%. "I'd like to think the industry has improved, it is highly regulated - really, really good standards," Mark Oaten, from the International Fur Federation told World Business Report. A cold winter and improving economy has made New York a "hot" market he said. Denmark, Finland and North America are the big fur producers, he said.

Google tracking case

Google logo
PA

The legal case over Google's use of cookies has been dragging on for quite some time.

This article from the Independent has some useful background information. The case refers to Google's privacy policy between the summer of 2011 and the spring of 2012.

Google loses privacy appeal

Google has lost its appeal to prevent consumers suing it over privacy concerns. A group called the Safari Users against Google's Secret Tracking, want to take legal action against Google.

They accuse Google of tracking online browsing by bypassing security settings.

Schiphol power back

Power has been restored at Schiphol,

according to the airports twitter account. "The power is back on again since 10:45. Air traffic will slowly be continued again. For up to date flight information, check our website," the tweet said.

BreakingBreaking News

Power failure hits Schiphol airport

We've just spoken to the Action Team at Schiphol. The power problems are affecting the whole region, not just the airport, so local trains are not working either. The airport has limited emergency power at the moment, so the lights are on, but the elevators are not working. All incoming flights are being diverted elsewhere. The employee we spoke to said it is not clear how long the power cut will last.

Watch your spelling

spell
BBC

Want to know the top 10 words misspelt on CVs?

Check out this Telegraph article based on research by the jobs website, Adzuna. It found 23 typos in one of the CVs it reviewed.

Co-op Bank loss

More info from Co-op Bank's

annual report. It said 4% of current account holders left, leaving it with 1.4 million. A share sale (or IPO) is not imminent it says. "Given that the business is still at an early stage of its recovery; and that the management team has a critical need to focus on implementing the revised plan, the Committee has concluded that the Bank is not in a position to undertake an IPO at this point in its journey but it will be an area that the Committee keeps under regular review."

Market update

FTSE 100
BBC

Mining shares are the big losers on the

FTSE 100 so far on Friday. That follows a sharp drop in iron ore prices in China earlier.
Anglo American and
Randgold are both down more than 2%.
Barratt Developments is up 1.5% after announcing the appointment of a new chief executive. The FTSE 100 itself has bounced around this morning, most recently trading a touch lower.

Newspaper review

More from the newspapers. Standard Chartered should consider moving its headquarters to Hong Kong or Singapore, because of taxes on the banking industry in the UK, says influential investor Martin Gilbert in

The Times business section. Apple chief exective Tim Cook plans to give away his $800m (£540m) fortune
reports the Guardian.

Newspaper review

Newspapers
BBC

Fred Goodwin, the former chief executive of Royal Bank of Scotland (RBS), has been ordered to disclose personal emails that he sent before the sale of shares in RBS in 2008,

reports the Daily Telegraph in its business section. Two branches of the Rothschilds financial dynasty are going to court over use of the family name,
reports the FT's Companies section.

New boss for Barratt

David Thomas, currently finance director of home builder Barratt,

will become chief executive from 1 July. This follows the decision by Mark Clare to step down after nine years as chief executive to take on more non-executive jobs.

How to spend it

How to spend it
Financial Times

This is what passes for "exceptionally elegant" in the rarefied world of the How to Spend It magazine from the Financial Times. We are clearly too poor and unsophisticated to appreciate this advertisement for a home in Geneva. It has a view of a lake, which I'm sure the owner could move if it doesn't work with the carpet.