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  1. Get in touch:
  2. Trump tells Fed to cut rates
  3. US jobs rebound in March
  4. Chair of Swedbank latest to leave
  5. German industrial output rises
  6. Theresa May writes to Donald Tusk
  7. House prices fall in March
  8. Co-op Group profits rise
  9. UK productivity falls
  10. Persimmon launches review

Live Reporting

By Mary-Ann Russon

All times stated are UK

  1. Good night

    BBC testcard

    That's it for this week on Business Live - thanks for reading. We'll be back bright and early at 06:00 on Monday.

    Do join us then for all the latest breaking news and analysis.

  2. Building Africa's shipping centre

    The Doraleh Multi-Purpose Port in Djibouti

    A tiny coastal nation in the Horn of Africa hopes it can one day become the heart of shipping on the continent.

    Djibouti, located at the mouth of the red sea, sits along the Gulf of Aden - one of the world's busiest shipping routes.

    However, it has a population of less than one million, and several other African nations have a head start.

    South Africa, Kenya, Tanzania and Mozambique already have much larger, busier ports.

    Read more here.

  3. Wall Street closes slightly higher

    New York Stock Exchange

    Wall Street stocks have ended slightly higher.

    The Dow Jones Industrial Average ended the day 0.15% higher at 26,424.58, while the S&P 500 climbed 0.41% to 2,891.06.

    The tech-heavy Nasdaq meanwhile rose 0.59% to 7,938.69.

  4. UK productivity continues lost decade

    Reels of metal in a factory

    UK workers' productivity fell again in the final three months of last year, down by 0.1% compared with the same quarter a year ago.

    It was the second year-on-year quarterly fall in a row, after a 0.2% drop in the July-to-September period.

    The Office for National Statistics (ONS) said the "productivity puzzle" had been a problem for years.

    It said labour productivity was lower over the past decade than at any time in the 20th Century.

  5. Row over tunnel-building near Stonehenge

    Stonehenge and the road next to it

    Plans for a controversial road tunnel near Stonehenge could be blocked because of conditions in the ancient monument's deeds.

    The government wants to build a 1.9 mile (3km) tunnel past the Neolithic stone circle.

    But when the monument was gifted to the nation by Sir Cecil Chubb in 1918 its deeds contained conditions.

    Highways England said it believed the proposed tunnel did not fall within the covenant's boundary.

  6. Oil prices jump on jobs growth

    A man working on an oil rig

    Oil prices jumped by over 1% on Friday on expectations that oil supplies could be tightened by an escalating conflict in Libya, as well as positive US employment data, which allayed fears that global demand for crude could weaken.

    Brent crude oil is now up 1.2% to $70.29 a barrel.

    West Texas Intermediate oil has risen 1.4% to $62.97 a barrel.

  7. Pound slips amid Brexit doubts

    Pounds, dollars and euros

    The pound fell against the dollar on Friday following comments by the Labour Party saying that it had made no progress in talks with the UK government on a Brexit deal.

    EU leaders also said they were not convinced that they should allow the UK to delay leaving the EU on 12 April.

    Sterling is now down 0.3% against the dollar at $1.3032.

    The pound has also fallen 0.3% against the euro at €1.1620.

  8. David Malpass writes to World Bank staff

    David Malpass

    David Malpass, who has been officially appointed as World Bank president, has written a note to World Bank Group (WBG) staff.

    In his letter, he thanks Kristalina Georgieva, who served as interim president for three months.

    He also stresses the urgent need to help alleviate extreme poverty, which now affects over 700 million people in the world.

    "We must work tirelessly to foster broad-based growth for each and every borrower, and a stronger, more stable global economy for all; and to provide WBG leadership on crisis preparedness, prevention and management, global public goods, and fragile and conflict-affected situations," he wrote.

    He stressed that he is keen to meet with staff once he starts work at the World Bank next week.

  9. More on David Malpass

    David Malpass

    More on David Malpass, who has been appointed as the next World Bank president.

    Mr Malpass previously served as under secretary of the Treasury for International Affairs for the US. He represented the US at several international meetings, including the G7, the G20 and annual World Bank-IMF meetings.

    He played a crucial role in the implementation of several major World Bank Group reforms and initiatives, such as the Debt Transparency Initiative, which increased public disclosure of debt.

    Before joining the Treasury for International Affairs, Mr Malpass worked as an international economist and founded a macroeconomics research firm in New York.

  10. Police close streets around Bank of England

    Bank of Engand

    Police cordoned off three streets in the last hour in the City following reports that two suspicious packages were sent to the Bank of England.

    A 100m cordon was placed around the building, affecting Lothbury, Bartholomew Lane and Princes’ Street.

    Fortunately, police found that the packages were safe, and have now lifted the cordons.

  11. Controversial Trump pick gets World Bank top job

    David Malpass and US President Donald Trump

    Donald Trump's pick for World Bank president, David Malpass, has officially been approved for the role.

    Mr Malpass, a Trump loyalist, was a senior economic adviser to the US president during his 2016 election campaign.

    His appointment has stirred debate, as some worry that Mr Malpass, a critic of the bank, will seek to reduce its role.

    In February White House officials said Mr Malpass, a long-time Republican, would be a "pro-growth reformer".

  12. Cow politics and the Indian economy

    Video content

    This content is currently not available

    The treatment of cows is a highly emotive issue in India; it's been linked to social divisions, and even mob killings. Are these disputes damaging the country?

  13. What has Persimmon done so far?

    Persimmon sign

    Persimmon has listed the four things it says it has done in an attempt to repair its reputation. It lists:

    • Changes to customer care and that idea we mentioned earlier to allow buyers' solicitor to withhold some of the value of the home until faults are fixed
    • The appointment of a new chief executive, David Jenkinson.
    • No bonuses for executive directors last year or this year and pay has been "further balanced" towards customers care
    • Adopting the pay regime set out by the Living Wage Foundation.
  14. London ends higher

    London shares have ended higher, as the FTSE was boosted by better-than-expected US jobs figures in March.

    The FTSE 100 closed 45 points or 0.6% up to 7,446.87. Top of the winners was Prudential, which rose 2.7% to £16.80.

    The FTSE 250 ended 31 points or 0.2% higher to 19,538.30. The winners are led by Amigo Holdings, which jumped 10.2% to 217p.

    London Stock Exchange
  15. Trump: Mexico tariffs will work

    Video content

    Video caption: Trump: Mexico tariffs will work

    The US President said the threat of a 25% tariff on imported cars will force Mexico to secure the border.

  16. States seek to block border wall funding

    US President Donald Trump has now left the White House and is heading for the southern border of the US to view a new section of his wall that is being built.

    Meanwhile, 20 US states have filed motions to block him from diverting federal funds through a national emergency declaration as a way to fund his wall.

    View more on twitter
  17. 'The bookie always wins in the end'


    Some reaction to those GVC financial figures from George Salmon, Equity Analyst at Hargreaves Lansdown.

    “It was only a brief first quarter trading update, but this announcement was important for GVC after market confidence was rocked by senior management dumping millions of shares last month," he says. "With the group still cantering towards its targets of double-digit online revenue growth, we think these numbers are generally reassuring.

    "One blot on the copybook is that win margins are lower, meaning customers have had a comparatively good run recently. But the bookie always wins in the end.

    "Punters often recycle a significant chunk of their winnings into another bet, and bookmakers can count on time taking its toll on a gambler’s roll. GVC will be hoping the tide turns over Grand National weekend, which is of course one of the most lucrative in the sporting calendar."

  18. New income tax powers for Wales to come into force


    People in Wales could pay different rates of income tax to those living elsewhere in the UK, under powers that come into effect on Saturday.

    Ministers will be able to adjust income tax by 10p in every £1 for each band.

    Income tax rates in Wales are staying the same in 2019-20 and ministers have said they would not change them before the 2021 assembly election.

    First Minister Mark Drakeford has previouslywarned that in some circumstances they could be forced to.

    10p in each band will go directly to a Welsh Treasury to be spent on public services in Wales, rather than coming via the UK government.

    More details here.

  19. BreakingUS interest rates should be lowered

    US Federal Reserve

    US President Donald Trump is also having a press conference now.

    He told reporters that the US Federal Reserve should lower interest rates.

    In March, 196,000 new jobs were created in the US, while wages grew and unemployment held steady.

    Mr Trump said that the new jobs data showed that the economy was performing well, but that action by the Fed had really slowed down the economy.