That's all we have time for today on Business Live - thanks for reading. We are back tomorrow at 0600 - do join us then.
Google's self-driving cars, of which more than 20 are on California roads, have been involved in about 11 minor accidents - none of which were their fault, apparently. "We've been hit from behind seven times, mainly at traffic lights but also on the freeway," Chris Urmson, the head of Google's autonomous car program, said in an online post. "We've also been side-swiped a couple of times and hit by a car rolling through a stop sign... Even when our software and sensors can detect a sticky situation and take action earlier and faster than an alert human driver, sometimes we won't be able to overcome the realities of speed and distance."
US regulators have promised to subject Royal Dutch Shell to "rigorous safety standards" after the oil major cleared a big bureaucratic hurdle to its Arctic drilling plans. After approving Shell's exploration, the Bureau of Ocean Energy Management says: "We have taken a thoughtful approach to carefully considering potential exploration in the Chukchi Sea, recognizing the significant environmental, social and ecological resources in the region and establishing high standards for the protection of this critical ecosystem, our Arctic communities, and the subsistence needs and cultural traditions of Alaska Natives."
Europe's Commissioner for Economic and Financial Affairs, Pierre Moscovici, has been talking about today's debt talks with Greece. There was, apparently, "constructive discussions" on VAT reform, improving tax collection, and how to deal with none-performing loans. Areas of "divergence" included pensions and labour market reforms.
Royal Dutch Shell's plans to re-start oil drilling in the US Arctic for the first time since 2012 took a big step forward on Monday when the Department of Interior gave its conditional approval. Shell must now get several permits from the federal government and the state of Alaska in order to begin drilling this summer.
Greek Finance Minister Yanis Varoufakis has played down speculation throughout Monday that the country could hold a referendum on any new bailout deal agreed with creditors. "A referendum is always available... It is a tool available to the Greek government," he says, adding: "At the moment it's not on the radar as far as we are concerned."
Jeroen Dijsselbloem, chair of the eurozone finance ministers, said Greece could start receiving some emergency funding if it starts reforms agreed with its creditors - but warned that a referendum could delay that process. "It is vital that we not only get an agreement on paper but that implementation starts. Presumably if you have a referendum you will not start implementing before you have done it and then it doesn't seem to make sense," he said in Brussels on Monday.
Eurozone finance ministers hailed the progress made by Greece in its bailout talks with its creditors from the EU and IMF creditors, but also urged Athens to speed up work to reach a deal. "We welcomed the progress that has been achieved so far ... At the same time, we acknowledged that more time and effort are needed to bridge the gaps on the remaining open issues," the ministers said in a statement after meeting in Brussels.
Volvo Cars is to build a $500m plant in the US, its first in the country, the Swedish company has announced. The factory in South Carolina will eventually employ up to 4,000 people. The first cars are expected to roll of the production line in 2018.
More on that Citigroup regulatory filing over a possible settlement of claims that it rigged the huge foreign exchange market. Citigroup says it is in "active" discussions to settle the forex probe and that "a resolution with the Department of Justice could include a guilty plea on an antitrust charge". There's speculation that a settlement with US and UK regulators could be announced on Wednesday.
BBC business correspondent, New York
Shares dipped in late afternoon trading, having been in positive territory for most of the day. After jumping more than 2% on Friday following the Conservatives' election victory, theFTSE 100 closed 16.97 points lower at 7,029.85. Mining shares were lifted by news of an interest rate cut in China, the world's largest importer of raw materials. Shares in Glencore were up 1.1%, while Anglo American was also 1.1% higher. Royal Mail was the top riser in the FTSE 100, climbing 3.9% to 497.60p on news that rival Whistl is cutting back operations.
Greece has begun the transfer of €750m owed to the International Monetary Fund one day before the payment is due, the finance ministry said on Monday. It comes as European finance ministers try to agree a deal with Greece over its debt mountain amid fears that Athens in running out of money.
The latest from Brussels is that the Eurogroup of finance ministers are preparing a short statement for release later saying that progress is being made with Greece over its debt talks. Also, Reuters is reporting that Athens has paid another tranche of money owed to the International Monetary Fund. Watch this space.
Pub group Spirit says it does not expect the Competition and Markets Authority's probe into its takeover by Greene King to be de-railed. "The parties are now putting proposals to the CMA to address its concerns,"Spirit says in a statement. "The parties are confident that these proposals will enable the transaction to be approved." Greene King said much the same earlier.
Business and economy editor, Scotland
Wall Street is off to a lacklustre start. Stocks were little changed at the start of trading as investors awaited further news of talks between Greece and international creditors. About 30 minutes into trading, theDow Jones was down 0.08%, while the S&P 500 was off just 0.01%. The tech-rich Nasdaq gained 0.19%.
Unions are reacting to news that postal serviceWhistl is suspending deliveries, putting around 2,000 jobs at risk. Dave Ward, general secretary-elect of the Communication Workers Union, says it reflects the regulator's attempts to introduce competition at a time when the market is shrinking. "Ofcom needs to pay attention to the impact of competition in the postal market which is not only causing job losses but playing a leading role in driving terms and conditions downwards. The sad truth is, if Whistl had been successful then it would have been at the expense of even more job losses in Royal Mail."
Greene King's boss says the Competition and Market Authority's decision to probe its planned merger with rival pub group Spirit shouldn't be too much of a problem. Responding to the CMA's announcement, Rooney Anand says: "This is a sensible decision by the CMA, reflecting a small number of local areas where competition may be diminished... We are confident we will be able to offer suitable undertakings, which will keep the number of pubs we need to sell to a minimum."
Arriving in Brussels for the Eurogroup meeting, Germany's finance minister Wolfgang Schaeuble says it could be helpful for the Greek government to hold a referendum on a cash-for-reform deal with its creditors to stay in the eurozone. "Maybe this would be the right measure to let the Greek people decide if it is ready to accept what is necessary or if they want to have the other thing," he says.
Arriving in Brussels for the Eurogroup meeting, Pierre Moscovici, the European Commissioner for Economic and Financial Affairs, has said that the EU will work to ensure that Britain remains in the union. "My conviction, my true belief is that the place of Great Britain is obviously in the EU. It's in the interest of the EU, it's in the interest of Great Britain and when it's in the interest of both I'm not worried," he says.
It is now the 75th month in a row that the Bank of England has held interest rates at 0.5%. As Hargreaves Lansdown senior analyst Laith Khalaf points out: "The only surprise about today's interest rate decision is it came on a Monday rather than a Thursday". Mr Khalaf expects interest rates to stay low for "the foreseeable future".
Senior UK Economist, Capital Economics
"It would take a major change in the inflation outlook for an interest rate rise to come back on the table this year. While one or two members might start to vote to raise rates soon, we continue to think that a majority will not be mustered to raise them until the second quarter of 2016."
Chris Leslie has been confirmed as shadow chancellor, filling the post that was opened when Ed Balls lost his seat. Mr Leslie had been serving as the shadow chief secretary to the Treasury.
The Bank of England has left interest rates unchanged at 0.5%. We might get some hints about the future course of interest rates on Wednesday, when the Bank's governor Mark Carney presents his quarterly update on inflation and the economy.
Supermarket chain Tesco, which last year rocked the cityafter it admitted it had overstated its profits by £263m, has confirmed that it has appointed Deloitte as its new auditor. PwC, its auditor for some 32 years, will stand down at the end of the company's annual meeting this year. Tesco said it and PwC had "mutually agreed" it would not take part in the tender process.
The pound is holding onto its gains following Friday's post-election bounce - just. It's currently up0.1% against the US dollar and 0.5% against the euro. But Jameel Ahmad, chief market analyst at FXTM, suggests the gains are now likely to be more muted. "Now that those ongoing election risks are finally out of the way, it is time for investors to begin concentrating on the economic aspects," he says.
EEF, the manufacturers' organisation, has been quick off the mark to present its wishlist to new business secretary Sajid Javid, urging him to maintain funding for research and innovation as well as support "the big ticket infrastructure projects, from the new airport hub, to rail and road improvements". But top of the list is reminding him that "the vast majority of businesses he will now be representing in government want Britain to remain at the heart of a reformed Europe."
Greek finance minster Yanis Varoufakis is decidedly downbeat about the chances of itsecuring a deal with its creditors today. Speaking ahead of today's meeting with European finance ministers Mr Varoufakis said it would be "difficult". "I think the solution will be given in the coming days and not necessarily today," he told Sto Kokkino radio.
Treasury minister Priti Patel - who had a high profile in the Tory election campaign - is to be employment minister at the Department for Work and Pensions. And Amber Rudd is the new secretary of state for energy and climate change.
Editor of BBC's India Business Report
Smartphone sales may be slowing in China but they're booming in India. And the devices are so popular for e-commerce that one of India's biggest online fashion retailers, Myntra says it's closing its website later this week and going app-only. Myntra is owned by the country's best-known ecommerce business Flipkart. It gets about 70% of its revenue and 90% of its traffic from apps on smartphones and tablets. Analysts expect others to follow suit.