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Summary

  1. FTSE 100 ends day in positive territory
  2. Oil prices slide after failed Doha oil talks
  3. China vows to cut steel output says Sajid Javid
  4. UK Treasury warns over Brexit hit to UK economy

Live Reporting

By Bill Wilson

All times stated are UK

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  1. Post update

    That's all from the live page for another day. Back as usual from 6am tomorrow. Please join us.

  2. Wall Street closes higher

    Netflix offices

    The Dow Jones climbed to a nine-month high, led by a 2.9% rise in Disney shares. The Dow rose 104.98 points, or 0.59%, to 18,002.44, the S&P 500 gained 13.62 points, or 0.65%, to 2,094.35. The Nasdaq added 21.80 points, or 0.44%, to 4,960.02.

    In after-hours trading, shares in Netflix fell 11.6% after the video streaming company reported trading figures that disappointed investors.

  3. Silicon Valley veteran and mentor Bill Campbell dies

    Silicon Valley veteran Bill Campbell, who advised tech leaders including Apple's Steve Jobs and Amazon's Jeff Bezos, has died aged 75 after a long battle with cancer. 

    "A very sad day," Alphabet executive chairman and former Google chief executive Eric Schmidt said in a message set from his Twitter account. "My deepest condolences to his family. Bill was instrumental as a mentor - for me, for Google, for all Valley entrepreneurs."   

    Mr Campbell was chief executive of tax software maker Intuit from 1994 to 1998 and again for a few months until January 2000. He retired in January this year as the company's chairman, a post he had held since 1998. He served on a number of boards, including Apple and Columbia University. 

  4. Would the UK have to make new trade deals?

    By Tamara Kovacevic

    Reality Check

    Quote "If we left the EU we'd have to re-negotiate trade deals with over 50 other countries"

    The claim: The Treasury's analysis of costs and benefits of European membership says: “If we left the EU we’d have to re-negotiate trade deals with over 50 other countries.”

    Reality Check verdict: Yes, the UK would have to renegotiate the current trade deals with non-EU countries. Some would be easier to secure than others.

    Read the full Reality Check here.

  5. Read all about it....

    Court backs Google in authors' group battle

    Google Books screen page

    The US Supreme Court has ruled in favour of Google in its 11-year legal battle with an authors' group.

    The Court said it would not hear an appeal from the Authors Guild, which claimed Google breached copyright laws by scanning books without permission.

    The technology giant began the process in 2004, so it could include extracts in a searchable database, and it was sued by the Authors Guild in 2005.

    The Supreme Court's judgement is the final ruling on the matter.

  6. Fan sues Kanye West

    Dispute over Life of Pablo streaming release

    Kanye West

    A Kanye West fan is suing the singer as well as music streaming service Tidal, a company owned by Jay Z.

    It is alleged they tricked people into subscribing to the streaming service by fraudulently claiming it was the only way to buy West's album The Life of Pablo. In a proposed class action lawsuit filed in San Francisco, Justin Baker-Rhett said he signed up for Tidal at $9.99 a month after West tweeted on 15 February that the album would not be sold anywhere else. 

    But Mr Baker-Rhett claims the promise was a ploy to add millions of subscribers to Tidal,  and that West released the album shortly afterwards on Apple Music and Spotify, and on his own website. 

  7. NFL concussion settlement upheld

    Appeal court upholds deal with former players

    NFL action

    A federal appeals court has upheld a multi-million dollar concussion deal between the NFL American Football league and 20,000 retired players. A small group of players, about 1%, had objected to the deal, approved in April 2015 by a US court. They said it did not cover potential victims of a degenerative brain disease,  chronic traumatic encephalopathy, that has been linked to repeated blows to the head. "It is the nature of a settlement that some will be dissatisfied with the ultimate result," Circuit Judge Thomas Ambro of the 3rd US Circuit Court of Appeals in Philadelphia said.

  8. State aid for steel?

    Steel

    The European Union should consider allowing members to subsidise their steel industries, says internal market and industry commissioner Elzbieta Bienkowska. 

    EU members including the UK, France and Germany have asked the Commission to help the steel industry, which is being hit by cheap Chinese imports among other problems. 

    "We have to discuss whether we can't be more flexible in our judgment of state aid," she tells the Frankfurter Allgemeine Zeitung. "We cannot push this industry any further."

  9. Would the UK have to obey EU rules to access the single market?

    By Peter Barnes

    Reality Check

    Treasury quote: If EU countries were to offer the UK significant access to the Single Market, they would certainly insist that the UK accepts the associated obligations and rules, as every other country has had to do

    The claim: "If EU countries were to offer the UK significant access to the Single Market, they would certainly insist that the UK accepts the associated obligations and rules, as every other country has had to do."

    Reality Check verdict: We'd certainly be able to negotiate access to EU markets after Brexit, but it's hard to see other EU countries giving the UK a much better deal than everyone else.  

    Read the full Reality Check here.

  10. That sinking feeling

    Jobs to go at historic sink maker

    Carron Phoenix premises

    The Carron Phoenix sink manufacturing plant in Falkirk in Scotland is to close, with the loss of almost 200 jobs.

    Swiss-based Franke Group said it will undertake a "phased closure programme" over the next 18 to 20 months.

    The company said about 15 warehousing jobs would remain at a new local logistics facility.

    Franke Group said it was closing the Falkirk site and two other European sites to centralise production in Slovakia.

  11. Centrica boss survives mini-revolt

    Conn pay deal backed by majority

    Centrica logo

    The boss of British Gas owner Centrica has overcome investor protests over his £3m pay package during the firm's AGM. Chief executive Iain Conn saw 14.5% of shareholders fail to back his pay deal, but 85.5% were in favour. British Gas lost 224,000 residential customers in the first three months of the year as households switched to other providers.

  12. Do bookies get too much blame for gamblers?

    Video content

    Video caption: Association of British Bookmakers on the dangers and safeguards of placing a bet.
  13. China in steel output vow

    Chris Johnston

    Business reporter

    Steel plant

    China has vowed to reduce the amount of steel it makes, Business Secretary Sajid Javid said after attending a crisis meeting in Brussels about the global steel glut.

    He said China has "absolutely recognised that it is a problem of overcapacity in their country".

    "They're committing to do something about it and I think that's a very positive step forward."

    However, Mr Javid admitted that there was no "overnight solution" to the issue of excess production: "The discussion today with all these countries coming together is something that we pushed for, and ... China's participation will help make the difference."

    Read more here.

  14. FTSE steadies but oil shares fall

    The FTSE 100 recovers from early falls, but shares in oil companies remain lower

    The London market recovered from early losses, which had been triggered by a slide in oil companies after crude prices plunged. After falling 1% at the start of trade, the FTSE 100 9.77 points, or 0.15%, higher at 6,353.52. Shares in oil companies were among the biggest fallers after oil producers failed to agree an output freeze at their weekend meeting in Qatar. BP dropped 1.2% and shares in Royal Dutch Shell fell 1.8%.

  15. Video content

    Video caption: Boris Johnson: Treasury estimate is 'wrong'

    Boris Johnson: Treasury estimate is 'wrong'