Got a TV Licence?

You need one to watch live TV on any channel or device, and BBC programmes on iPlayer. It’s the law.

Find out more
I don’t have a TV Licence.

Summary

  1. Get in touch: bizlivepage@bbc.co.uk
  2. RBS shareholders reach settlement, avoiding need for a trial
  3. FTSE 100 slips
  4. AO shares dive as much as 10%
  5. Conservatives promise new Board of Trade
  6. Dollar hits lowest point since Trump election
  7. Shoppers will spend '£1 in every £7 at discounters by 2022'

Live Reporting

By Tom Espiner

All times stated are UK

Get involved

  1. Good night

    That wraps it up for today's Business Live page. Join us again tomorrow from 6am.

  2. Sexual harassment: not just an Uber issue

    Uber sign in window

    The BBC's technology reporter in San Francisco is covering the Uber sexual harassment sackings. Here's his take on the fall-out.

    Quote Message: It goes without saying that this issue doesn’t go away with these firings. Uber has major questions still to answer - some of them will hopefully be addressed when more details of the report are made public.
    Quote Message: Most troubling is why Uber’s own internal HR measures weren’t thorough or fair enough to see that the actions of 20 employees warranted dismissal. Instead it took a brave former employee - and then an expensive, lengthy investigation - to get to that point.
    Quote Message: So as well as detailing what it has done to address those existing complaints, Uber will now have to be very clear about how it will handle such issues in future. Crucially, the lessons from this report should not be heeded by Uber alone. As many people have pointed out to me since we began reporting this story, this is a problem that affects the technology industry across the board."
  3. Super-rich 'underpay most tax'

    Super-rich people underpay the most tax, according to a study written up in the Economist.

    Three economists crunched data from the "Swiss leaks" and "Panama papers" data leaks to estimate the extent of tax evasion.

    They found the richest 0.01% of the population in Scandinavia underpaid tax by about 30%, compared with the average household underpaying by 3%.

  4. Wall Street closes lower ahead of UK vote and Comey hearing

    US stocks have closed lower as investors shunned riskier assets ahead of what is expected to be a busy Thursday.

    The UK will go to the polls and former FBI director James Comey will testify before Congress.

    Mr Comey, who was investigating alleged ties between President Donald Trump's 2016 campaign and Russia, was fired in May.

    The European Central Bank will also make policy announcements.

    The Dow Jones Industrial Average was down 45.78 points, or 0.22%, at 21,138.26 and the S&P 500 was down 6.76 points, or 0.28%, at 2,429.33. The Nasdaq Composite was down 20.63 points, or 0.33%, at 6,275.06.

  5. US and Mexico reach sugar pact

    A worker cuts sugar cane in Atencingo, Puebla state, southern Mexico

    The US and Mexican governments have reached a new agreement in principle on trade in sugar, US Commerce Secretary Wilbur Ross has said.

    The agreement, which calls for Mexico to export a smaller proportion of refined sugar and a larger proportion of raw sugar to the US, was not endorsed by US producers, news agency Reuters reported.

  6. US 'reaches sugar trade deal with Mexico'

    US Commerce Secretary Wilbur Ross has said the US has reached a deal with Mexico over the sugar trade, Reuters reports.

  7. Uber 'fires more than 20 after harassment probe'

    More than 20 people at Uber have been fired after a workplace practices review, Bloomberg reports.

    The review came after Susan Fowler, a former Uber engineer, said she had been sexually harassed by a supervisor, the New York Times reports.

  8. Saudi arms dealer Adnan Khashoggi dies

    Adnan Khashoggi
    Image caption: Adnan Khashoggi (second right) during his legendary party days in the 1980s

    Saudi arms dealer Adnan Khashoggi, a billionaire businessman known for his lavish lifestyle, has died in London at the age of 82.

    His family said in statement that he died peacefully while being treated for Parkinson's disease.

    Mr Khashoggi became one of the world's richest men in the 1970s and '80s by brokering international arms deals.

    His parties became legendary, often lasting for days, but there was also controversy about his business.

    Read the full story here.

  9. Investors look ahead to Comey's testimony

    Donald Trump and James Comey
    Image caption: US President Donald Trump (L) shakes James Comey's hand

    Stock markets are lower and subdued before what could potentially be a dynamite Thursday.

    In the UK, there is the general election. In the US, the former director of the FBI James Comey will testify in front of US Congress.

    Randy Frederick, vice president of trading and derivatives for Charles Schwab, says: "We have a relatively light week in terms of economic data and investors are awaiting Thursday's events.

    "The market's reaction to Comey's testimony would depend on if he says something new that nobody knows about, although, a lot of what he might be asked could be classified information."

  10. Share and share alike

    Uber

    Ride-hailing companies Uber and Lyft have been ordered to hand over details about their San Francisco operations.

    The city attorney wants access to four years' worth of data about driver practices and the areas they serve.

    Uber and Lyft have 15 days to comply or face charges of contempt and other court-imposed penalties.

    Read the full story here.

  11. Oil volatile amid Middle East diplomatic row

    The stand-off in the Middle East is causing the price of oil to flip-flop.

    From an earlier fall, Brent crude is now trading up 0.8% at $49.85 a barrel. US oil has also rebounded, up 1.1% at $47.90.

  12. Mexico to cut share of refined sugar sent to US

    Workers cut sugar cane in Atencingo, Puebla state, southern Mexico

    Mexico will reduce the proportion of refined sugar it can export to the United States to 30% under a new agreement likely to be announced later on today, Mexican Economy Minister Ildefonso Guajardo has said.

    Currently, the proportion of refined sugar exports from total sugar exports Mexico can send to the US is 53%.

    Mexican sugar has been duty-free in the US since 2008 in return for the Mexican market being opened up to US corn-based fructose.

    After protests from US sugar companies and farmers, both governments agreed to Mexican sugar export quotas in 2014.

    But complaints from US sugar producers continued, and Washington had threatened to impose tariffs of up to 80%t on Mexican sugar unless a deal was reached.

  13. Dollar falls to lowest level since Trump elected

    Donald Trump

    The dollar index, which tracks the US currency against a basket of others, earlier hit its lowest level since 9 November, the day Donald Trump was elected.

    According to the Financial Times, traders are nervous that the Trump administration will not be able to push through proposed tax cuts, financial deregulation and infrastructure spending.

  14. Could UK exports rival Germany's?

    Simon Jack

    If there is no deal, would a collapse in the pound make us an exporter to rival Germany?

    BBC business editor Simon Jack says: "There is a general thought that if we do leave and we do have a hard Brexit the pound will go down further... Now that is obviously good news for exporters, and there is some evidence that some exporters are seeing a build-up in their order books... However, there's a flipside to that... it means that all the stuff we import... goes up in price, and that is beginning to show up both in supply chains... [and] prices."

  15. China's HNA eyes global growth

    Video content

    Video caption: China's HNA eyes big global growth

    Chinese firm HNA could very well be the largest company most people have never heard of.

    Only founded in 1993, it now owns aviation firm Swissport, Hainan Airlines, 25% of Hilton Worldwide and 10% of Deutsche Bank.

    Its chief executive Adam Tan explains how HNA aims to become one of the top 10 biggest companies in the world.

  16. How important is UK trade to the EU?

    BBC News Channel

    Kamal Ahmed

    Does the EU export more to the UK or vice versa?

    BBC economics editor Kamal Ahmed says the UK is an important market for the EU, but looking at trade in purely monetary terms could be misleading.

    "If you look in brute terms, it is right that the EU imports into the UK are worth about £290bn, our exports to the EU are worth about £230bn... But if you look at percentages, which is actually rather more revealing, 43% of our exports go to the EU, [but] only between 8% and 17% of their exports come to us. Britain is the fifth or sixth largest economy in the world, it is an important market... but the notion that we're more important than the EU is to us is a slight misnomer because it relies on those brute money numbers."

  17. HNA: The biggest firm you've never heard of

    Hainan Airlines
    Image caption: HNA Group owns Hainan Airlines, one of China's biggest airlines

    From aviation to banks, China's HNA Group is snapping up businesses to become a major global firm.

    HNA: The biggest firm you've never heard of

    Hainan Airlines

    From aviation to banks, China's HNA Group is snapping up businesses to become a major global firm.

    Read more
    next