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Dearbail Jordan

All times stated are UK

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  1. Good night

    Test Card F

    Thank you for joining Business Live on Monday.

    This week will only get busier so we hope you log in again on Tuesday for all the breaking business and economics news.

  2. Nasdaq only index to rise on Wall St

    US stock market trader

    The Dow Jones Industrial Average fell 66.9 points, or 0.31%, to 21,513.17, the S&P 500 lost 2.63 points, or 0.11% to 2,469.91 and the Nasdaq Composite added 23.05 points, or 0.36%, to 6,410.81.

    Tech and financial stocks were the only two of the 11 major S&P sectors to finish in positive territory.

  3. Why Google was fined

    Google shopping service

    Just a reminder that the reason for the profit drop is the 2.42bn euros ($2.7bn; £2.1bn) announced by the European Commission at the end of June.

    The EC ruled the company had abused its power by promoting its own shopping comparison service at the top of search results.

    The amount was the regulator's largest penalty to date against a company accused of distorting the market.

  4. EU fine whacks Alphabet profit


    Alphabet has just reported a 27.7% drop in second quarter profit due to the record $2.7bn fine imposed on its Google unit by the European Commission.

    The company's net income fell to $3.52bn from $4.88bn a year ago.

  5. Sweden data leak 'a disaster', says PM

    Swedish Prime Minister Stefan Löfven
    Image caption: Swedish Prime Minister Stefan Löfven

    The Swedish government has admitted to a huge data leak made by one of its own departments during an IT outsourcing procedure in 2015.

    Sweden's prime minister said it was "a disaster".

    Reports say that confidential data about military personnel, along with defence plans and witness protection details, were exposed by the Transport Agency.

    Read full story here.

  6. Telecom Italia boss gets 25m euros pay-off

    Flavio Cattaneo

    Telecom Italia is paying its outgoing chief executive Flavio Cattaneo a settlement of 25m euros.

    Mr Cattaneo has been in the role for just 16 months.

    He will step down at the end of July.

  7. Mizuho picks Frankfurt for EU hub


    Another investment bank has disclosed plans to set up a base in the EU if London loses the right to service clients across the bloc.

    Mizuho Securities is applying for a licence that would allow it to set up an office in Frankfurt.

    It said: "The decision was made in the process of assessing the impact of Brexit - UK's withdrawal from the European Union and against the background of continuing the effort to develop our network for servicing customers in Europe and around the world in a sustainable and reliable manner."

  8. Watch: Pay local

    BBC Personal Finance Correspondent Simon Gompertz explains why it is better to pay in the local currency when you're abroad.

    Video content

    Video caption: Why you should pay in the local currency when abroad
  9. Oil prices head upwards

    US oil rig

    One of the key figures to look out for this week is the Energy Information Administration's data on US oil production.

    Last week, oil inventories fell by a more than expected 4.3m barrels. Forecasts predicted a 3m barrel decline in the week to 21 July.

    This week, analysts are looking at a 1.2m barrel fall.

    With Opec looking to extend production caps to Nigeria, oil prices could be on a solid footing.

    Brent crude is up 1% at $48.55 a barrel. West Texas Intermediate is trading 1.2% higher at $46.30 a barrel.

  10. VW to hold meeting over EC cartel claims

    Volkswagen cars

    Volkswagen's supervisory board is set to hold a meeting on Wednesday regarding allegations that German car-makers operated a cartel, according to Reuters.

    The European Commission said at the weekend that antitrust regulators were investigating a possible German auto industry cartel.

    Reuters says that a VW spokesman confirmed an extraordinary supervisory board meeting would be held on Wednesday.

  11. All about the numbers

    Wall Street

    Looking ahead to this week, even though the US Federal Reserve will announce its latest monetary policy decision, it is all about company results.

    Matt Miskin, senior capital markets research analyst at John Hancock Investments, said: "This week is going to be critical to see the passing of the baton from the Fed being the primary driver of the market to corporate fundamentals."

    This week, the US Senate will decide whether to move forward with a plan to repeal and replace the Affordable Care Act.

    Mr Miskin said: "For now, better earnings is giving the market the ability to navigate some of the uncertainty that is coming out of Washington. But going into next year, the market is likely to become more concerned if policies do not finally come through."

  12. Google boss joins Alphabet board

    Google chief executive Sundar Pichai

    Ahead of its second quarter results later on Monday, Google-owner Alphabet has announced a new board member.

    Sundar Pichai, who is the chief executive of Google, has joined the parent company's 12-strong board.

  13. US stock indexes diverge


    The Dow Jones Industrial Average is now down 48.39 points at 21,531.68.

    Shares in building equipment company Caterpillar are the biggest riser so far on Monday, up 1.25% at $107.92. It reports its second quarter results on Tuesday.

    The S&P 500 is off 2.93 points at 2,469.61. Oil services giant Halliburton is the biggest faller, down 3.9% at $42.63 despite announcing better than expected second quarter sales.

    The Nasdaq is the only US index to make gains. It is up 11.38 points at 6,399.13.

  14. Tanzania claims back taxes from Acacia

    Miners in North Mara

    The mystery of Acacia Mining's surprise share price fall at the end of the trading day has been cleared up.

    The Tanzanian government is claiming that the company owes it $190bn in unpaid taxes, penalties and interest.

    Acacia Mining says: " Acacia disputes these assessments. The company is considering all of its options and rights and will provide a further update in due course."

    Acacia's main business is in Tanzania where it operates three gold mines.

  15. Rio Tinto responds to SFO probe

    A spokesman for the mining giant, says: "Rio Tinto will fully co-operate with the Serious Fraud Office and any other relevant authorities, as it has done since it self-reported in November 2016."

  16. Rio Tinto: Behind the investigation

    Rio Tinto

    More on Rio Tinto and that SFO investigation....

    Last year, the mining giant put out a statement saying that on 29 August 2016 it had become aware of email correspondence from 2011 relating to payments of $10.5m made to a consultant who had provided "advisory services" on the Simandou iron ore project in Guinea.

    The company launched its own investigation before notifying authorities in the UK, the US and Australia.

    Rio suspended Alan Davies, the energy & minerals chief executive who had accountability for the Simandou project in 2011.

    Debra Valentine, legal & regulatory affairs group executive who was due to retire on 1 May 2017, stepped down from here role.

    It said at the time: "Rio Tinto intends to co-operate fully with any subsequent inquiries from all of the relevant authorities."

  17. BreakingSFO opens investigation into Rio Tinto

    The Serious Fraud Office says it has opened an investigation into suspected corruption in the conduct of business in the Republic of Guinea by the Rio Tinto group, its employees and others associated with it.

  18. Acacia shares dive at end of trading day

    Here's something interesting. Just before the FTSE 250 closed in London, Acacia Mining tanked.

    The gold miner is currently in a dispute with the Tanzanian government over back taxes.

    Acacia Mining