23 hours ago
What impact would Scottish independence have on the price of food in Scotland
China's industrial output and retail sales rise in November, the latest in a series of signs suggesting a recovery in the world's second largest economy.
Travel company Tui, which owns Thomson and First Choice, sees profits slip thanks to weak French sales and a restructuring in its activity division.
Film star and "green" campaigner Leonardo DiCaprio is to enter a team in the new Formula E motor racing series, which aims to boost electric car sales.
Aerospace and defence giant EADS says it will cut 5,800 jobs as a fall in governments' military spending begins to bite.
tweets from a reporting trip in Japan: "Day started at 4am when we went to the Tokyo fish market - auction is purest form of competition & market forces - just what Abenomics needs"
Why don't young unemployed people want a job in construction? The construction industry's training board says it's facing a significant shortage of entry-level skills. Steve Rose from one Midlands-based property maintenance firm says "the construction industry as a whole as a bad image with kids".
"One organisation that did genuinely come quite close [to predicting the financial crisis] was the Bank for International Settlements," says Jeremy Warner in the Telegraph, which is why we should pay attention now that it is warning that lenders are "throwing caution to the wind" again.
How do you place a value on something if it's priceless? Adam Parsons and Mickey Clark discuss the concept of "auctionomics", as well as the surging housing market and energy bills in this morning's Wake Up to Money, which you can listen to via the podcast.
Tom McPhail, a pensions expert from Hargreaves Lansdown stockbrokers, has been on Breakfast talking about the report criticising some providers of annuities. "The problem is that many people are not getting a good deal when they go through that transaction - it's complicated and unfamiliar and the system's not working very well," he says.
There's been much coverage this morning of the Financial Services Consumer Panel's criticism of the way that some insurance companies and pension providers sell annuities, which provide people's income in retirement. The report warned: "the many examples of poor practice mean that the general outcome for consumers can be akin to a lottery."
It's Sports Personality of the Year on Sunday, which is always an excellent show. If the Business Live page were able to stage a glitzy event in front of a crowd of 12,000 people at the First Direct Arena in Leeds (which we aren't) who should we shortlist for Business Personality of the Year? Let us know via email@example.com or tweet @bbcbusiness.
The Guardian reports on the return of Halifax to the High Street in Scotland after an absence of more than a decade. It was rebranded when it merged with Bank of Scotland in 2001. It says it's hoping to attract switching customers from struggling rivals including Royal Bank of Scotland and Co-op Bank.
tweets: "TUI boss Peter Long: people are finding money for holidays; key to success it to be big; paying more than £100m corp tax"
Carpet retailer Carpetright is not seeing much benefit from the upturn in the housing market according to its latest results. Like-for-like sales in the UK are down 2.2% and underlying profits are down a third.
This morning's Telegraph has a note sent round to HSBC staff following yesterday's report in the FT, which said that the bank was considering spinning off its UK retail bank into a London listing. "We understand this could be unsettling for employees and want to confirm that this is speculation and nothing more," Antonio Simoes, head of HSBC's UK bank, wrote.
The Financial Times leads with news of a "dovish" speech by Bank of England governor Mark Carney in New York last night. He said he favours initially using tools other than interest rates to help control the UK's economic recovery, but says the economy will fulfil "the hopes and dreams of the holiday season".
The boss of TUI Travel, Peter Long, tells the Today programme that the "package holiday is very much back in vogue and demand again. Customers are not going to forego their summer break, because they need that to recharge the batteries," he says. The company reported a 20% rise in underlying profits this morning.
tweets: "Lloyd's Banking Group has raised £680m selling shares in wealth manager St James Place Capital to other City institutions. Gain: £105m."
So it's happy 100th birthday to the Federal Reserve this month. Just to put it into context, the Fed was founded in 1913, the Bank of England was founded in 1694 and Sweden's central bank has been around since 1668. But Germany's Bundesbank was only established in 1957.
tweets: Here in India, 76 year old activist Anna Hazare begins indefinite fast to demand strong anti corruption laws. http://www.bbc.co.uk/news/world-asia-india-25312909
TUI Travel, which owns Thompson Holidays, has reported a 10% fall in annual pre-tax profits. But if you strip out one-off costs, profits were up 21%, and the company sounds happy. "The year has been outstanding," said TUI chief executive Peter Long.
Jeff Bennett from the Wall Street Journal says the sale of the US government's stake in General Motors is great news for the future of the company. He tells World Business Report that it can now lose the tag of "Government Motors" and start to win back customers who opposed the bailout in the first place.
Talking of former Federal Reserve chairman Paul Volcker, here's a picture of the BBC's Simon Jack in front of Mr Volcker's portrait at the Federal Reserve. Simon was allowed to have a look round Fed headquarters for this piece, marking the central bank's hundredth birthday.
The BBC's Puneet Singh in Singapore reports that China saw retail sales rise 13.7% in November compared with a year ago. He says that's good news for the government, which is seeking to rebalance the economy by encouraging more consumer spending.
The Volcker rule is named after former Federal Reserve chairman Paul Volcker, who championed it. It has become stricter since it was proposed two years ago, because while it was being discussed, JP Morgan Chase lost about $6bn (£4bn) in the London Whale trading incident. Oops!
Millions of pounds donated to Comic Relief have been invested in shares in tobacco, alcohol and arms firms, the BBC's Panorama has learned. In 2009 the charity had £630,000 invested in shares in BAE Systems, which makes weapons, the programme finds.
The US government has sold the last of its stake in General Motors, booking a loss of about $10bn in the process. Treasury Secretary Jack Lew said the bailout had prevented the collapse of the US auto industry and saved a million jobs. If he's right then that's about $10,000 a job - not a bad return!
The recovery in the housing market is being driven by a lack of houses, Simon Rubinsohn from Rics tells the Today programme. But he says that Help to Buy has been quite effective in encouraging builders to start building again.
The race to be the first to say the new Volcker rule will be "throwing the baby out with the bathwater" is won by Bill Blain from Mint Partners on World Business Report. Such rules "make markets less efficient and that's a long-term danger", he says.
Paul Smee, director general of the Council of Mortgage Lenders, was on Wake Up to Money, talking about rising house prices. He says there isn't going to be a housing bubble. Affordability constraints will kick in, he says, and borrowers will have to give more evidence of income to get a mortgage in the future.
The big news in the US today is that financial regulators are going to give the go-ahead for the Volcker rule. The rules means that US banks will not be allowed to trade with their own money, which is known as proprietary trading. They also won't be allowed to own more than 5% of a hedge fund or private equity fund.
House prices are likely to continue "surging ahead" in the new year according to the Royal Institution of Chartered Surveyors. House prices have risen about 7% over the last 12 months already, according to lenders.
Morning all. We'll be talking about rising house prices, the Volcker rule in the US, plus the rest of the business headlines this morning. Get in touch on firstname.lastname@example.org or on Twitter @BBCbusiness.
Good morning. Welcome to the Business Live page. Stay with us until lunchtime for all the developments in the business world and what people are saying about them across the BBC and beyond.
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Last Updated at 04:19 ET
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Australia's Byron Bay is a seaside refuge for surfers, healers and free-thinkers
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