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Summary

  1. Nasdaq and S&P 500 touch highs
  2. Oil prices rise in lower inventories
  3. Bank of England staff to vote on strike
  4. US paint maker drops Akzo Nobel bid
  5. Get in touch: bizlivepage@bbc.co.uk

Live Reporting

By Dearbail Jordan

All times stated are UK

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  1. Good night

    Test Card F

    And on that bombshell, thank you for following Business Live today.

    We look forward to you joining us bright(ish) and early on Friday at 6.00am for all the breaking business and economics news.

  2. Sir Richard Branson: 'A very sad day for America'

    Virgin Group founder Sir Richard Branson says that Donald Trump's decision to pull the US out of the Paris climate accord is a "very sad day" for America and says it is now up to businesses to drive change.

  3. Peabody Energy closes lower

    With Trump's announcement on withdrawing from the climate change deal widely expected, yesterday actually saw shares in Peabody Energy, the US's largest publicly traded coal company fall by 2.2%.

    And following the confirmation today Peabody shares fell another 0.6%.

    Go figure.

  4. BreakingElon Musk to leave Trump councils

    Billionaire Elon Musk is keeping to his word to leave Donald Trump's advisory councils. The boss of electric car maker Tesla and SpaceX tweets:

    View more on twitter
  5. Paris accord: Al Gore reacts

    Former US vice president and environmentalist Al Gore says:

    Al Gore statement
  6. US stock markets close at record highs

    US stock market traders

    The US stock markets have welcomed US President Donald Trump's decision to pull America out of the Paris climate accord, with markets closing at new highs.

    The S&P 500 has closed up 18.19 points at a record high of 2,429.99. The Nasdaq also hit a fresh record at 6,246.83, after rising 48.31 points.

    The Dow Jones Industrial Average finished 133.81 points higher at 21,142.46.

  7. BreakingOil prices fall

    Brent crude is down 0.5% at $50.50 a barrel.

    West Texas Intermediate has fallen 0.2% to $48.21 a barrel.

  8. Trump: Accord could cost America 2.7m jobs

    US President Donald Trump claims that compliance with the terms of the Paris accord "could cost America as much as 2.7m lost jobs by 2025".

  9. Trump: Here to represent Pittsburgh, not Paris

    Donald Trump

    "I was elected to represent the citizens of Pittsburgh, not Paris," says Donald Trump to a round of applause.

  10. BreakingUS markets soars on Paris accord withdrawal

    The Dow Jones Industrial Average has soared 109.73 points to 21,118.38 following the US President's decision to pull America out of the Paris climate accord.

    The S&P 500 is up 14.44 points to 2,426.24.

    The Nasdaq rises 39.78 points to 6,238.29.

  11. US will begin talks on new climate deal

    Donald Trump said the US will start talks to make a better climate deal.

  12. BreakingTrump pulls US out of Paris accord

    US President Donald Trump has officially announced that the world's largest economy will withdraw from the Paris climate accord.

    The Paris agreement means nations will help to keep global temperature rises well under 2C.

    The US contributes about 15% of global emissions of carbon.

  13. US economy coming back 'very, very rapidly'

    US President Donald Trump is now speaking.

    He wants to talk about the "tremendous" progress the new administration has made with the US economy which he says is coming back "very, very rapidly".

  14. How is Earth doing?

    While we're waiting for US President Donald Trump to make his announcement on the Paris climate accord, here's a little light reading...

    View more on twitter
  15. Oil prices tick upwards

    Oil rigs under construction

    The price of oil has risen a little.

    Brent crude is up 0.4% to $50.95 a barrel following data which showed a higher than expected fall in US oil inventories in the week to 26 May.

    West Texas Intermediate is also ahead, up 0.7% at $48.64.