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Summary

  1. Get in touch: bizlivepage@bbc.co.uk
  2. Sterling falls to under 1.0850 euros
  3. FTSE 100 falters
  4. Google and Walmart strike shopping deal
  5. Childcare website 'must be improved': Nicky Morgan
  6. 'North economy needs a healthy rail network'

Live Reporting

By Karen Hoggan

All times stated are UK

Get involved

  1. Good night!

    That's all from Business Live for another day - but fear not, we are back at the crack of dawn tomorrow. Do join us then - and thanks for reading!

  2. BreakingUber cuts losses

    Uber car

    Uber narrowed its losses in the second quarter by 9% to $645m and boosted its ride bookings, but remains a long way from being profitable. That was down from $708m in the first quarter and $991m in the fourth quarter of last year.

    Gross ride bookings for the three-month period reached $8.7bn - 17% higher than the previous quarter.

  3. How to protect yourself against identity theft

    BBC News Channel

    Figure holding plastic card while using tablet

    As we reported earlier identity theft is at record levels, according to warnings from UK anti-fraud organisation Cifas.

    Here's some advice about how to avoid it happening to you.

    Quote Message: As well as keeping your password safe, having very strong passwords as well as changing your passwords, avoiding giving away too much detail about yourself on social media, or when you are filling in some sort of survey or making some sort of purchase, make sure you tick the box which says you do not want your details shared by a company with their partners or other organisations. Make sure you maintain strong anti-virus software and patches that are provided to keep your software safe." from Detective superintendent Andy Fyfe City of London Police
    Detective superintendent Andy FyfeCity of London Police
  4. BreakingWall Street slips

    US stocks ended lower following President Trump's threat to shut down the government if funds are not secured to build his Mexico border wall.

    The Dow Jones Industrial Average fell 0.4%, the S&P 500 shed 0.35% and the Nasdaq Composite slipped 0.3%.

  5. Calling up cash

    South African Airways plane

    More evidence that if you want to lose a great deal of money, operating an airline is an excellent way of achieving your goal.

    The South African government is planning a 10bn rand ($757m, £591m) bailout of state-owned South African Airways and may sell down its stake in phone operator Telkom to raise the necessary cash.

    Deputy finance minister Sfiso Buthelezi said on Wednesday that the airline would not be allowed to "go under", but the opposition Democratic Alliance party has called on the government to privatise SAA.

    Credit ratings agencies say the airline should be reformed and cite the cost of propping it up as a threat to South Africa's credit rating.

  6. Samsung sanguine?

    Technology correspondent Rory Cellan-Jones has been taking a look at Samsung's latest smartphone, the Galaxy Note 8. Hopefully this one won't catch fire...

    View more on twitter
  7. Game on

    esports

    Shares in Game Digital jumped by more than a third today after investors warmed to plans that will see the retailer boost its presence in the fast-growing e-sports markets.

    Game aims to tap the "significant potential" of the group's e-sports activities, where professional gamers battle it out in front of crowds at events such as Insomnia.

    The announcement, which came alongside a trading update showing improving sales in the second half, sent shares up 35% to a princely 33.2p, valuing the company at, erm, £56m.

  8. US science envoy resigns

    One of the US State Department's science envoys has resigned over President Donald Trump's response to the white nationalist rally in Charlottesville, Virginia.

    And his letter to the President contained an acrostic, with the first letter of each paragraph spelling out a word ... Here it is ...

    View more on twitter
  9. China's petrol exports to North Korea plummet

    BBC World Service

    Official figures from China show that exports of petrol to North Korea have been almost completely cut off, dropping by 97% in the past year, reports BBC World Service.

    North Korea relies on China for the vast majority of its trade, and is almost wholly dependent on Beijing for key sources of fuel.

    Total Chinese imports from North Korea are also down, dropping by almost a third compared with the previous year.

    Earlier this month, new UN sanctions banned North Korea from exporting some of its biggest resources, including coal and seafood, as punishment for the country's continued nuclear weapons development.

  10. Deep pockets

    Chanel store

    Bet you didn't know that Chanel is owned by Alain and Gérard Wertheimer, grandsons of Pierre Wertheimer, one of designer Gabrielle “Coco” Chanel’s early business partners.

    The Guardian reports that the reclusive billionaires, who live in New York and Switzerland respectively, paid themselves a cool $3.4bn (£2.65bn) dividend last year.

    The Wertheimers pocketed more than four times the company’s net profit and double the dividend they received in 2015.

  11. Scotland hands Trump big tax rebate

    Donald Trump at Turnberry

    US President Donald Trump's luxury hotel in Scotland has received a £110,000 tax rebate meant to help struggling small businesses.

    The £11m Trump Turnberry resort in Ayrshire has had its property tax reduced by £109,530, South Ayrshire Council has confirmed.

    The relief cuts the hotel's annual rates bill by 13.5%.

    The business rates relief scheme was launched to help revive the country's struggling tourism industry. Read the full story here

  12. Why is Wall Street down?

    Wall Street sign with flags in background

    All three key US share indexes are still trading in negative territory.

    The Dow Jones is at 21,817.95, that's a fall of 82 points or 0.37%.

    The S&P 500 is at 2,442.77, 10 points or 0.40% lower.

    And the Nasdaq is at 6,268.39, down 29 points or 0.46%.

    The fall comes after President Donald Trump Donald Trump said he would close down the US government if necessary to build his wall along the Mexico border.

    He said that, if it came to it, he would risk a government shutdown - which is what happens when legislation funding the federal government cannot be passed by Congress and non-essential services stop.

    "Trump saying he would be willing to shut down the government over the wall obviously doesn't really inspire much confidence in anyone," said Michael O'Rourke, chief market strategist at JonesTrading.

    "The debt limit, which is truly urgent and something that needs to be addressed, where theoretically failure should not be an option, that is something of a litmus test for the market."

  13. Banking on a trade pact

    The City

    The UK's financial sector will propose a "mutual access" trade pact between the UK and the European Union that would allow banks and other firms to continue doing cross-border business after Brexit, according to a draft report seen by Reuters.

    Unless Britain negotiates new trading relations with the EU, banks, insurers and fund managers in Britain could be locked out of the bloc's markets.

    The International Regulatory Strategy Group - sponsored by the City of London Corporation and financial lobby group TheCityUK - says in a draft report that a trade pact would allow cross-border business to continue after Britain leaves the EU.

    "The proposals in the report are intended to achieve a level of mutual access for EU and UK firms, which is as close as possible to the current levels of access that exist for such firms within the EU framework," the report said.

    One possible stumbling block, however: no such trade pact in financial services has been tried before.

  14. 'A giant phone'

    More on the Galaxy Note 8 launch now ...

    Samsung has revived the Galaxy Note brand with one of the biggest mainstream handsets to have ever been launched.

    The Note 8 smartphone has a 6.3in (16cm) screen - a significant step up over the Note 7's already-large 5.7in display.

    It is also considerably more expensive.

    The previous model is best known for self-combusting in a series of fires that led to two recalls.

    The BBC's Rory Cellan-Jones found out how Samsung now hopes to put that disaster behind it.

    Video content

    Video caption: Samsung Galaxy Note 8: A giant phone
  15. Two sides of a coin?

    Quote Message: Sterling’s historic weakness against the euro makes for some eye-grabbing headlines, but in reality the underlying drivers of these developments are nothing new: mounting economic and political uncertainty in the UK, and rapidly improving conditions in the eurozone. from Ranko Berich Head of market analysis, Monex Europe
    Ranko BerichHead of market analysis, Monex Europe
  16. Pound also lower against dollar

    Pound dollar intraday graph 23.8.17

    The pound is also down against the dollar - a short while ago it was at $1.2781 on the wholesale markets - a fall of 0.33%.

  17. Pound still down against euro

    Pound euro intraday graph 23.8.17

    Let's check in on sterling now ... and the pound is still down against the euro.

    On the wholesale markets it's at 1.0838 euros - that's a fall on 0.57% on the day.

  18. Amazon closer to Whole Foods deal

    Fresh produce in Whole Foods Market store

    Amazon's plan to buy Texas grocer Whole Foods for $13.7bn (£10.7bn) cleared an initial hurdle on Wednesday, as shareholders of the supermarket voted in favour of the deal.

    Shareholder approval had been expected for the bid, which has been greeted as a game-changer for the food industry.

    The merger would combine Whole Foods' physical footprint with Amazon's delivery prowess.

    US competition authorities must now sign off on the deal for it to advance. Read the full story here