Business Live: Wednesday 16 July 2014

Live text

Reporting:

  • Ben Morris 
  • Emily Young 

Last updated 16 July 2014

STANDARD 05:59

Ben Morris, Business Reporter

All sorts of interesting business stuff around today. We've already had some solid growth figures from China. Here in the UK we get the latest unemployment numbers at 09:30. There's also an intriguing deal between Apple and IBM. You can email us at bizlive@bbc.co.uk or tweet @bbcbusiness.

STANDARD 05:59

Emily Young, Business Reporter

Good morning - those of you hoping for a glimpse of the F35 fighter jet - you'll have to wait a little bit longer. The Pentagon has confirmed that the plane won't be attending the Farnborough Airshow. More updates from there throughout the morning.

STANDARD 06:01 APPLE IBM DEAL

Radio 5 live

Apple's deal with IBM is an effort by Apple to move deeper into the corporate market says Paul Kavanagh, partner at Killik and Co on Wake Up to Money. So for example, people will be able to use Ipads more easily and securely at work, he says. That was reflected in BlackBerry's shares which fell 4% on news of the deal between Apple and IBM.

STANDARD 06:07 SILLY SAUSAGE

Germany sausages

The newspapers can't resist sausage based puns today. That's after German sausage makers were found guilty of colluding over prices. "Wurst case scenario," says the Financial Times. "Bangers to rights" chortles the Guardian. We couldn't resist it either. "A meaty fine" says the BBC report.

STANDARD 06:15 CHINA ECONOMY

China construction

China's economy grew slightly faster than expected in the second quarter. GDP grew 7.5% in the April to June quarter. "The recovery is quite dependent on government support. So I think the government can choose either to tolerate lower growth, or to achieve the growth target they just have to do more stimulus," said Chang Jian, an analyst at Barclays Capital.

STANDARD 06:21 SCOTTISH ECONOMY

Radio 5 live

Wake Up to Money is learning about the Scottish economy with a trip to Edinburgh. David Bell from the University of Stirling says that Scotland currently has record high employment and is growing "reasonably robustly". Merryn Somerset Webb from MoneyWeek says a vote for independence would probably see a significant chunk of the banking business move south. Fund management would probably stay in Edinburgh though.

STANDARD 06:30 FREELANCE WORK

Radio 5 live

Getting a mortgage is one of the challenges of being a freelance worker says Tom Hadley, director of policy at the Recruitment and Employment Confederation on Wake Up to Money. But most people who freelance are choosing to do so, he says, with only 18% of them doing it while they look for permanent work.

BLOG CHINA GROWTH Via Blog

Linda Yueh, Chief business correspondent

Is GDP still a useful measure of the economy asks the BBC's Linda Yueh as China publishes its GDP numbers. Its usefulness has recently come under scrutiny but what's the alternative?

STANDARD 06:45 THOR BLIMEY

Female Thor

Is the hammer-wielding Norse god Thor too male, pale and stale? In a move not unlike the Prime Minister's cabinet reshuffle, Marvel Comics is recasting the superhero as a woman (see above). The comic will launch in October, says the Guardian. Perhaps Thor could be rebranded Thora?

STANDARD 06:56 INTEL RESULTS

Intel logo

"PCs have stabilised," said Intel chief financial officer Stacy Smith after the computer chip maker forecast strong third quarter sales. He expects a rebound in demand in China, which has already happened in the United States. Intel said profit rose 45% in the second quarter to $2.8bn.