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Summary

  1. Firing Ghosn was 'tough decision' says Mitsubishi
  2. Oil climbs above $60
  3. Credit cards more popular than ever
  4. Almost one in four pubs close in last decade
  5. New nominees for £50 note
  6. Trump warns on US/UK trade deal
  7. Trump unhappy as GM shuts plants, axes jobs
  8. FTSE 100 ends more than 1% higher
  9. Get in touch: bizlivepage@bbc.co.uk

Live Reporting

By Jill Treanor

All times stated are UK

  1. Paypal merger could 'lead to higher prices'

    Paypal sign

    Commenting on the CMA's investigation into the proposed $2.2bn merger between US payments company PayPal and Swedish start-up iZettle, Mike Cherry of the Federation of Small Businesses said: “The CMA is absolutely right to scrutinise this potential acquisition on behalf of smaller businesses.

    "It’s vital that – if completed – the merger doesn’t lead to even higher prices for card processing services or stifle much-needed innovation."

  2. Should you charge family for Christmas lunch?

    christmas table

    When a user on parenting forum Mumsnet said her mother-in-law had decided to charge her family £17-a-head to attend this year's Christmas dinner it sparked a mixed response.

    So, BBC business reporter Katie Hope asked, as hosting Christmas lunch for friends and family can be expensive, could charging them for the meal be a way to cope?

    Read on to find out what she found out.

  3. Fury over 'mocking' response to bank fraud

    keyboard

    An angry victim of fraud who was scammed out of £40,000 was then seemingly mocked by bank staff.

    The internal email, joking after the scam, was accidentally forwarded to the victim by staff at NatWest.

    Dozens of other scam victims have told the BBC that they were unhappy with NatWest's response to their losses after being tricked out of large sums by fraudsters posing as their bank.

    NatWest apologised for the email's tone and defended its anti-fraud policy.

    There's more here.

  4. Festive strike

    Tram

    Tram workers in Edinburgh have voted to strike during the festive period, amid union claims of bullying by bosses.

    Almost 70% of Unite members in the ballot favoured industrial action.

    It comes after concerns were raised over staff being subjected to a hostile and bullying management culture, including claims of victimisation and fears around job security.

    Lyn Turner, of Unite, said: "This result gives our members a resounding mandate for action."

  5. Kellogg's summit

    Asha and Jia Kirkpatrick

    Two sisters who started a petition to ban the use of palm oil in Kellogg's products have been invited to meet the company's UK chief executive.

    Asha and Jia Kirkpatrick, from Leighton Buzzard, Bedfordshire, will soon be taking their campaign from the breakfast table to the boardroom.

    The girls, aged 11 and eight, started theironline petitionin August. It has since had almost 500,000 signatures.

    In a statement, Kellogg's said it "admired the sisters' passion".

    There's more here.

  6. Facebook’s fiercest foe and the battle over bikinis

    Rory Cellan-Jones

    Technology correspondent

    Mobile phone

    Who should Facebook most fear as it battles a series of scandals about its handling of user data and its role in spreading fake news? US politicians perhaps, or maybe German privacy campaigners and EU regulators?

    No, my nominee is the member of parliament for Folkestone and Hythe, Damian Collins.

    As chairman of the Digital, Culture, Media and Sports Select Committee, Mr Collins has transformed what started as quite a limited and unfocused fake news inquiry into a forensic investigation of the conduct of Facebook.

    It is this committee that has provided a platform for whistleblowers such as Christopher Wylie and Brittany Kaiser, published all kinds of documents relating to the Cambridge Analytica data scandal and demanded - so far without success - that Facebook founder Mark Zuckerberg appear before it.

    Carry on reading.

  7. Trump on Brexit

    Chart

    From the White House, Donald Trump said it "wouldn't be a good thing" if the UK could not trade with the US as a result of the Brexit deal.

    He hoped Theresa May would address the problem.

    The pound appears to have slipped slightly against the dollar in late trading.

  8. 'We don't like it' - Trump

    Donald Trump

    These are Donald Trump's quotes (via Reuters) from the White House on General Motors and his conversation with the car maker's boss Mary Barra about a factory in Ohio.

    "We don't like it...I believe they will be opening up something else. I was very tough. I spoke with her when I heard they were closing and I said, 'You know, this country has done a lot for General Motors. You better get back in there."

  9. More from Trump

    Speaking at the White House, Donald Trump has said more about Theresa May's Brexit deal.

    "Sounds like a great deal for the EU," the US President said.

    He went on say that it may mean the UK may not be able to deal with the US.

    "We have to take a look at seriously whether or not if the UK is allowed to trade..."

  10. Trump - GM stop making cars in China

    It is also being reported that Donald Trump has told the Wall Street Journal that General Motors should stop making cars in China.

  11. BreakingTrump on Brexit

    Donald Trump has also spoken about Brexit and said the current deal may mean the UK may not be able to trade with the US.

    That's according to a Reuters report.

  12. BreakingTrump says unhappy with GM

    Donald Trump says he has told the boss of General Motors he is unhappy with the restructuring of the car maker, which is cutting jobs and closing factories.

  13. Dow 300 points higher

    Quick market update.

    The Dow Jones index is hanging on to its gains, up 334 points at 24,620.21. That's 1.4% higher.

    The S&P 500 index is 37 points - or 1.4% - higher at 2,669. It is clawing out of the "correction territory" it entered last week when closed 10% lower than its high in September.

  14. Investors cheer GM

    Michelle Fleury

    North America Business Correspondent

    GM boss Marry Barra said the firm was embarking on the cuts to "keep ahead of changing market conditions".

    Some of those changing conditions have little to do with the White House.

    But others do.

    Take the tariffs on steel - a key component in the production of cars. They have pushed up GM's costs by an estimated $1bn.

    Then there are shifting trade agreements and the president's proposal to raise tariffs on imported cars.

    New tax cuts passed last year were designed to encourage companies like GM to invest at home, but today's announcement signals the lower tax rates are not enough to offset rising expenses.

    So while investors may cheer today's moves as a boost to GM's bottom line, they're a blow to President Trump and his many boasts about bringing car industry jobs back.

  15. GM rally

    GM share price

    GM's decision to cut jobs and shut plants may be causing political controversy but it has helped the shares rally today.

  16. Trudeau tweets

    Canada's Prime Minister Justin Trudeau had tweeted earlier to say that he had spoken to General Motor's boss Mary Barra about the job losses announced by the carmaker in Canada.

    The closure of the Oshawa plant could affect almost 3,000 assembly line jobs.

    View more on twitter
  17. BreakingGM boss to meet Kudlow

    Mary Barra, the boss of General Motors, is to meet White House economic adviser Larry Kudlow later today

    It follows the car maker's announcement of plant closures and 14,000 job cuts.

  18. Bitcoin tumbles

    Bitcoin on a screen

    Bitcoin, mentioned earlier, is now down 12% on the day.

    It had stabilised - briefly - this morning but slipped to a 14-month low of $3,462,57.

    It has since recovered to $3,519.

    A year ago, it was flirting with $20,000.

  19. Carney's replacement

    Randal Quarles

    A replacement has been named for Mark Carney as chair of the Financial Stability Board, the international body which keeps watch for risks to the financial markets and coordinates banking rules.

    The Bank of England governor is due to step down as chair of the FSB in December.

    His successor is Randal Quarles of the US Federal Reserve.

    Also Klaas Knot, president of the Dutch central bank, was named vice chair of the FSB. He will succeed Mr Quarles within three years for a period of three years.