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.

Live Reporting

By Dearbail Jordan

All times stated are UK

  1. Good night

    Test card F

    Thank you for following Business Live this week.

    We hope you have a great weekend and look forward to you joining us once again on Monday morning from 6.00am.

  2. Subdued close for US markets

    The Dow Jones Industrial Average ends the week with a whimper, up 16.32 points at 25,216.69. The S&P 500 is ahead 1.03 points at 2,732.23.

    The Nasdaq has finished 16.96 points lower at 7,239.47.

    Facebook is off 1.44% at $177.36 while Twitter's share price has closed down 1.69% at $33.06.

  3. Where now for equities?

    Stock market traders

    As we come to the end of a much less rocky week for US stocks, what are investors expecting in the sort-term for equities?

    Ben Phillips, chief investment officer of EventShares, says: "The fundamental story has not changed.

    "We really have not seen the tax reform start flowing through yet into company earnings. We think it's going to cause a second wave of earnings optimism."

    While Rick Meckler, president of investment firm LibertyView Capital Management, says: "There are certainly parts of the market that are not hurt by higher [interest] rates and I imagine those stocks to move along.

    "Particularly, technology stocks that not only don't have exposure to interest rates but have cash balances."

  4. Tech Tent: Two sides of the crypto-coin

    Rory-Cellan Jones

    Technology correspondent

    Bitcoin

    Is the whole reputation of the crypto-currency industry under threat as computers are hijacked to mine new coins?

    On the Tech Tent podcast this week, we ask whether a new breed of environmentally conscious blockchain entrepreneurs can demonstrate that this technology does have a sustainable future.

    Read more here.

  5. Facebook told to stop tracking in Belgium

    Facebook logo

    Facebook has been ordered to stop tracking people without consent, by a court in Belgium.

    The company has been told to delete all the data it had gathered on people who did not use Facebook. The court ruled the data was gathered illegally.

    Belgium's privacy watchdog said the website had broken privacy laws by placing tracking code - known as cookies - on third-party websites.

    Facebook said it would appeal against the ruling.

    Read the full story here.

  6. US stock markets unsettled

    US stock market trader

    US stocks are bouncing around on Friday.

    The Nasdaq is back in negative territory, down 5.04 points at 7,251.39.

    The Dow Jones Industrial is now up 55.77 points at 5,256.14 after briefly rising by 200 points earlier. The S&P 500 is up 4.68 points at 2,736.10.

  7. Still crazy?

    It wasn't that long ago that Mark Zuckerberg, co-founder and chief executive of Facebook, which owns Instagram, dismissed suggestions that false news stories on the social networking site could have impacted the 2016 presidential election.

    • Nov 2016:Facebook founder Mark Zuckerberg says "the idea that fake news on Facebook influenced the (US) election in any way is a pretty crazy idea"
    • Aug 2017:Facebook says it will fight fake news by sending more suspected hoax stories to fact-checkers and publishing their findings online
    • Oct 2017:Google finds evidence that Russian agents spent tens of thousands of dollars on ads in a bid to sway the election, reports say
    • Oct 2017:Twitter bans Russia's RT and Sputnik media outlets from buying advertising amid fears they attempted to interfere in the election
  8. Social media giants already grilled on 'fake news'

    Twitter

    In late 2017, lawyers for Facebook, Twitter and Google were questioned by the US Senate Intelligence Committee about possible Russian interference in the 2016 election and the use of automated bots on their platforms to spread divisive information.

    Facebook said as many as 126 million American users may have seen content uploaded by Russia-based operatives over the past two years.

    The social networking site said about 80,000 posts were produced before and after the 2016 presidential election.

  9. Russians 'posed as real US persons to post on social media'

    The indictment against 13 Russians and three companies for interfering in the US 2016 election says: "Defendants, posing as US persons and creating false US personas, operated social media pages and groups designed to attract US audiences.

    "These groups and pages, which addressed divisive US political and social issues, falsely claimed to be controlled by US activists when, in fact, they were controlled by defendants.

    "Defendants also used the stolen identities of real US persons to post on organisation-controlled social media accounts.

    "Over time, these social media accounts became defendants' means to reach significant numbers of Americans for purposes of interfering with the US political system, including the presidential election of 2016."

  10. Video content

    Video caption: Russians conducted 'information warfare' on US election

    US Deputy Attorney General says Russians began interfering with the US election process as early as 2014.

  11. Facebook and Twitter shares fall

    Shares in Facebook are down 1.02% at $178.12 and Twitter is off 1.37% at $33.15.

    It follows the publication of an indictment that a Russian Internet agency and more than a dozen Russians interfered in the US election campaign between 2014 and 2016 in a multi-pronged effort including though social media.

    Read the full story here.

  12. Has the city found an answer to the Brexit question?

    Simon Jack

    BBC Business Editor

    Manhattan

    The US matters more than Europe.

    Keeping up with the US is more important than keeping in with the EU.

    Amidst the flurry of ideas about how to keep the links between Europe and its financial hub, London, intact after Brexit, a calm resolve is emerging among finance chiefs in London.

    Keeping London competitive with New York is job number one. Everything else is of secondary importance.

    Read more here.

  13. Oil prices rise despite higher rig count

    Oil rigs

    After volatile trading on Thursday, oil prices are heading upwards.

    Brent crude is up 0.8% at $64.87 a barrel while West Texas Intermediate is ahead 0.6% at $61.53.

    Prices rose despite an increase in the number oil rigs that US energy companies added over last week.

    Drillers added seven oil rigs in the week to 16 February, taking the total count up to 798 - the highest since April 2015, according the energy services company Baker Hughes.

  14. Diamond geezer: Who is Nirav Modi?

    Simon Atkinson

    Asia Business Reporter

    Nirav Modi  with Naomi Watts

    Indian billionaire Nirav Modi (pictured above with actress Naomi Watts) made his fortune from diamond trading and jewellery.

    But this week he was named in a investigation into an alleged $1.8bn fraud at a state-run bank.

    Who is he? We've been taking a look at his connections to Hollywood, Bollywood and the inner circles of Indian politics.

  15. US may single out countries for steel tariffs

    The US Commerce Department has recommended a 24% tariff on global steel imports from all countries.

    It has also presented another option to levy a 53% import charge for certain countries including China, Vietnam, Brazil and South Korea.

  16. Fiat Chrysler recalls trucks

    FCA

    Fiat Chrysler has announced that it will recall 228,508 trucks in the US, Canada, Mexico and some other markets because driver could accidentally shift their vehicles out of "park".

    It said it was not aware of any injuries related to the issue.