2 hours ago
What impact would Scottish independence have on the price of food in Scotland
Eight leading technology firms including Google and Facebook call for "wide-scale changes" to US government surveillance.
China takes another step loosening its grip on interest rates as it allows banks to trade deposits with each other at market-determined rates.
Japan revises down its growth data for the July-to-September period after private investment slowed more than expected.
Greek lawmakers pass the 2014 budget, which predicts a return to growth after six straight years of painful recession.
Edward Bonham Carter (Helena's brother) is stepping down as chief executive of Jupiter Fund Management. He's going to stay on the board, becoming vice-chairman. Maarten Slendebroek will take over as chief executive on 17 March.
Why is gold valuable? It sounds like an obvious question, but Justin Rowlatt from the World Service finds a less-than-obvious answer.
blogs: "A company from somewhere might be owned by another company from somewhere else, whose investors in turn come from all around the world. It makes the question of ownership hard to pin down."
tweets on today's story about whether the cost of food might rise in an independent Scotland: "We are asking but so far none of the four big supermarkets is willing to be interviewed by the BBC about this morning's story."
UK pawnbrokers Albemarle & Bond put itself up for sale last week. This morning it blamed the fall in the price of gold for its woes. It said there were "no signs of recovery" in its key markets, and said I successful sale of the business was not guaranteed.
Several newspapers this morning report that European aerospace company EADS is going to announce big job cuts when it details a restructuring plan later today. Le Figaro suggests between 5,000 and 6,000 will go, with its French headquarters sold off.
Some bad news from Germany: The eurozone's biggest economy has just reported a 1.2% fall in industrial output for October. Analysts were expecting a 0.7% rise. The German economy minister expects performance to pick up again before the year is out though.
tweets: #Bitcoin value tumbled after #Baidu (China's biggest search eng) no longer accepting the virtual currency. 1 #Bitcoin now $830
More information arrives from Vodafone about its plans for fireworks you can smell and taste in London on New Year's Eve. "Working with food scientists Bompas and Parr [pictured], there will be a host of special effects involving sight, sound, fruit flavours and fruit smells which, combined with the pyrotechnic and lighting display, will create a multi-sensory experience for thousands of people in key viewing areas," it says.
tweets: National Savings cuts the rate on its popular Cash ISA by 0.25% to 1.5%
"We're far from economic freedom because the minority that was previously empowered - they still have economic power. When will the equality happen?" asks Lerato Kabwe, a businesswoman in Johannesburg. Read more about Nelson Mandela's legacy and the state of the South African economy in this feature.
"Why not start a business making flip-flops in Kabul?" asks US special operations soldier Matthew Griffin. That was back in 2009. Find out how Mr Griffin's daring business venture has fared since then.
blogs on what Scottish independence could mean for supermarkets: "Scottish people eat relatively less fresh food than the English, and fresh food is much more expensive to transport and store (the logistics of supplying fresh food are highest). So it is relatively more costly to provide fresh food in Scotland."
Listen again to the Today's programme's business news via the podcast to hear Simon Jack discussing the future of Swiss banking secrecy and how a grand coalition in German politics might affect German business and the eurozone.
There's been searing debate on the BBCBusiness Facebook page since we asked whether UK job hunters had noticed the rising numbers of job vacancies, reported by the body that represents recruitment firms. So far we've had two responses of "yes", one "noo" and a "good".
If you're just joining us we have been discussing good news from the UK jobs market, warnings by supermarkets on Scottish independence, and why Morrisons is going to stop cleaning its windows. Get in touch with us at email@example.com or on Twitter @BBCBusiness.
The Bank of France has just raised its growth forecast for the last three months of the year from 0.4% to 0.5%. It says there has been a clear rise in manufacturing and deliveries in most sectors. Sectors doing particularly well were "the agri-food, chemicals, pharmaceutical and automobile sectors".
The FTSE 100 is now back right where it started this morning at 6,551 points. The Dax in Frankfurt is still up 0.4%. The Cac 40 in Paris is down 0.1% after rising earlier. In Asia this morning the Nikkei in Tokyo had a good day despite a downward revision to Japanese GDP, closing up 2.3%. The Hang Seng in Hong Kong closed up 0.3%.
Just back from Johannesburg, Simon Jack has been speaking on Business Daily about the economic problems facing South Africa. "When you start at apartheid and you get to here, that's pretty good progress," he says. But he also met people who were fed up with the current government, including young, black voters, considering not supporting the ANC.
Listen again to this morning's Wake Up to Money via the podcast to hear about rising job vacancies, a new supermarket for people on benefits, and why we should care about a new global trade deal from the WTO.
Ahead of today's decision by Swiss banks about whether to sign up to a transparency agreement with the US, Professor Richard Werner from the University of Southampton says they have already lost lots of customers who want to bank in secret, who have gone to other destinations and tax havens. "Several of those are inside the US such as Delaware," he says.
tweets an update on the news that Morrisons aren't going to clean their windows this year: "No window cleaning til Feb at cash strapped Morrisons according to @Telegraph. Spokesman says dirty water run-off can be a slippage hazard"
Simon Jack speaks to Sarah Dunwell from Company Shop - the company behind the "community shop" opening in Barnsley today to cater for people on benefits. She says they have taken lessons from similar projects in Europe, with features like frosted glass to overcome "stigma issues".
Several of this morning's papers carry the news that former Barclays boss Bob Diamond is returning to the City with a plan to buy an African bank. Mr Diamond left Barclays in July last year, with the interest rate-fixing scandal proving to be the last straw. Now he and the entrepreneur Ashish Thakkar are trying to raise £150m to buy a financial institution in Africa.
The Times reports today that Lloyds Banking Group is going to speed up the sale of the De Vere hotels group, but may have to write off another £200m of its value in the process. It's part of the bank's sale of non-core assets, which includes this morning's announcement of the sale of a set of corporate real estate loans for £90m.
Markets in Europe have risen at the open this morning. The FTSE 100 has risen 0.2%, while the Dax in Frankfurt is up 0.5%. The Cac 40 in Paris is up 0.1%. In Asia this morning the Nikkei in Tokyo had a good day despite a downward revision to Japanese GDP, closing up 2.3%. The Hang Seng in Hong Kong is up 0.3%.
tweets: Virgin Money launches 95% Help to Buy mortgages at 5.29%
The World Trade Organization struck an historic deal on Friday. In this video, our chief business correspondent Linda Yueh explains what impact the agreement will actually have on global trade.
We've had a quick search for Lego Taj Mahals. A kit will set you back a Beckham-esque £1,600. If this sounds like a free plug for Lego, we would also like to draw attention to this kit of the Sydney Opera House, which we feel does not bear even a passing resemblance to the Sydney Opera House.
tweets: "Morrisons tell me - if cost of doing business in Scotland increased, yes vote could see prices rise as not absorbed by rest of uk business"
It has been one month since Typhoon Haiyan made landfall in the Philippines. The BBC's Rico Hizon reports from Tacloban, a business hub badly hit by the storms. The business community is still cautious and less than a third of businessmen have returned to the city, he says.
Breaking news: It's nearly Christmas according to World Business Report. The programme says the toy market is seeing a comeback this year from toys like Furbies, while classics like Lego are still doing well. David Beckham has apparently confirmed that he recently built a model of the Taj Mahal out of Lego - a revelation that has boosted sales.
Lots of big numbers are being used for the value of the trade deal brokered over the weekend in Bali. Indonesian trade minister Gita Wirjawan, who chaired the talks, says the deal "will inject up to a trillion dollars into the world economy". UK Prime Minister David Cameron says it will be worth £1bn to the UK alone.
An email arrives from Tesco's press office. The FT says in its story about Scottish independence raising food prices that it's spoken to executives from three of the big four supermarkets, but doesn't say which ones. Well Tesco says it's not them, so that narrows it down.
More good economic news on the Today programme. Business confidence is at its highest level for 10 months, according to a survey by BDO. Peter Hemington from the accountancy firm says he's amazed at how extraordinarily optimistic people are, particularly manufacturing bosses.
The announcements to the London Stock Exchange this morning are looking distinctly Decembery. But what about this? Vodafone is going to help create "the world's first multi-sensory fireworks display" in London on New Year's Eve, promising that thousands of people will experience "a display they will be able to taste and smell, as well as see". Is that safe?
The Guardian this morning is leading with the story that seven of the best-known names in Silicon Valley have called on the US government to change the way it spies on people, in case the world loses trust in US tech firms. Companies including Google, Microsoft, Twitter and Yahoo have written an open letter to President Barack Obama.
There's a warning in the Financial Times that Scottish independence could lead to higher food prices. Apparently, the higher distribution costs in Scotland are currently absorbed across UK operations by the big four supermarkets, but they would stop doing that if Scotland became independent. Presumably that would mean cheaper food in the rest of the UK!
More good news for China's economy. Its exports rose more than expected in November, adding to signs of a rebound in the world's second-largest economy. Shipments rose 12.7% from a year ago, up from a 5.6% rise in October.
Japan has revised down its growth data for the July-to-September period, after private investment slowed more than expected. The government said the economy grew 0.3% during the period, down from its initial estimate of 0.5% expansion.
Supermarket Morrisons has decided to put off cleaning the windows in its stores until the new year because of "financial constraints", according to the Telegraph. It has seen an email to maintenance contractors. The supermarket is battling with falling sales, and says clean windows are "less important to customers" in the darker times of year.
Technology correspondent Rory Cellan Jones tells Today that technology firms in Silicon Valley are warning that the US government's tendency to spy on people could harm their commercial future. "People won't use technology they won't trust", is the message from the likes of Google and Facebook.
If HSBC does decide to give its UK business a separate listing, much of what it floats will be the old Midland Bank that it bought more than 20 years ago. Perhaps it will follow the Lloyds TSB example and resurrect the old name as well. Who wouldn't want to see the griffin back on our high streets?
China has loosened its grip on interest rates. It will allow banks to trade deposits with each other from Monday, using a financial product called a certificate of deposit. The interest rate on the certificates will be determined by the market, unlike ordinary deposits, which are subject to rate caps in China.
Could we be about to see the end of centuries of banking secrecy in Switzerland? The BBC's Imogen Foulkes in Geneva reports for Today on a US plan to force Swiss banks to report who is banking with them. They have until today to sign up, but its not clear if everyone will.
Breakfast's Dominic Laurie is at the Community Shop in Barnsley this morning, explaining that the food is so cheap because they sell things like yogurts with wonky labels, which would otherwise have been thrown away. Apparently they also have classes above the store in things like how to write a good cv.
If you happen to be reading the FT online this morning you may have spotted the banner adverts for Jeff Randall's coverage of the Autumn Statement. Perhaps a bit out of date, but it takes time to do really in-depth analysis.
Wake Up to Money reports this morning on a new supermarket in Yorkshire. It looks like an ordinary shop, but you have to be on benefits or claim income support to shop there. It's based in Barnsley and is selling heavily discounted food.
On the front page of this morning's Financial Times is news that HSBC is considering a stock market listing for its UK arm, which could be worth about £20bn. Apparently doing so would help ease regulatory pressures on the bank.
Tonight's Panorama carries a warning from the OECD about Labour's plan to make energy companies freeze their prices. OECD head Angel Gurria said forcing firms to absorb wholesale price increases could put investors in financial danger. The programme is about whether politicians can deliver on promises to bring energy prices down.
The number of job vacancies in the UK grew at the fastest rate in 15 years last month, according to a report produced by the research firm Markit. Apparently there is particularly strong demand for engineers and nurses.
Good morning everyone, we're back this morning with news of growth in UK job vacancies, a surprise deal at the World Trade Organisation, and another spectacular England defeat in the Ashes. Get in touch with us as always on firstname.lastname@example.org or @BBCBusiness on Twitter.
Good morning and welcome to another week on the Business Live page. Stay with us for the next seven hours for all the business news and the highlights of reporting from across the BBC.
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Last Updated at 07:24 ET
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It has been a long wait for this city to get its own Indian style microbrewery
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