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Summary

  1. Get in touch: bizlivepage@bbc.co.uk
  2. Tesco Express to axe deputy manager roles
  3. Warren Buffett buys up Apple shares
  4. Shares in car insurers tumble
  5. Shares in London Stock Exchange slide as merger plan falters

Live Reporting

By Dearbail Jordan

All times stated are UK

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  1. Good night

    Testcard F

    Thanks for joining Business Live today. We'll be back tomorrow from 6.00am sharp.

    See you then.

  2. US market winning streak hits new milestone

    The Dow Jones industrial average closed at a new high for the 12th consecutive day on Monday.

    The US index of leading stocks ended 15.61 points ahead at 20,837.37, lifted by US President Donald Trump's promise to invest in infrastructure.

    Catepillar, the construction equipment maker, remained the biggest riser with its shares up 2% at $97.42.

    The Nasdaq close up 16.58 points at 5,861.90 and the S&P 500 advanced 2.39 points at 2,369.73.

  3. Maker of faulty airbags pleads guilty

    Air Force Lt. Stephanie Erdman
    Image caption: Air Force Lt. Stephanie Erdman testifies after being injured by an exploding airbag

    Takata has pleaded guilty to a criminal charge and agreed to pay $1bn after the Japanese auto parts maker admitted to hiding a fault that caused airbags to explode with too much force.   

    Detroit federal Judge George Caram Steeh accepted a guilty plea to a fraud charge from the company. 

    US prosecutors still are seeking extradition of three former Takata executives from Japan to face criminal charges.

  4. Sony ups the ante on cool

    Everything looks better in slow motion and now everyone has chance to be cool.

    Sony has unveiled its new Xperia XZ Premium smartphone at the Mobile World Congress in Barcelona. It captures slow-motion footage at four times the rate possible on Apple and Samsung's top-end models.

    Watch the BBC's Spencer Kelly put it through its paces...

    Video content

    Video caption: MWC 2017: Sony smartphone films in super-slow-motion
  5. Crunch time for Brazil nuts

    Nuts

    Those for a taste for Brazil nuts should stock up now. Poor weather means the harvest in 2017 could be between 30% and 40% down on normal years.

    The Guardian reports that low rainfall in Bolivia, where more than half the global crop is grown, is already causing prices to escalate. 

    As Europe's biggest importer of Brazil nuts, the UK could be particularly hard hit.

  6. Caterpillar's stock grows on Trump pledge

    Catepillar

    US stocks edged up higher on Monday, when the Dow Jones industrial average added 6.31 points at 20,828.07.

    The index of leading shares fluttered between negative and positive territory following remarks about spending by US President Donald Trump ahead of his appearance in front Congress on Tuesday.

    Caterpillar, the construction and mining equipment maker, led the risers after Mr Trump set out his aims for improving US infrastructure, in particular the country's roads and tunnels. 

  7. The Queen launches UK-India Year of Culture

    The Queen and Boris Johnson
    Image caption: The Queen greets foreign secretary Boris Johnson at the launch reception

    The Queen hosted a reception at Buckingham Palace to launch the UK-India Year of Culture 2017.

    It seeks to strengthen cultural and economic ties between the two countries. 

    The initiative was announced before Britain's decision to leave the EU but it could not be more timely.

    Prime Minister Theresa May visited India last year and made it very clear she would like closer economic and military ties with the country.

  8. Compensation changes 'long overdue'

    Injured driver

    Changes to the way compensation payments are calculated are "long overdue", according to a personal injury lawyer.

    Sarah Stanton, a partner at Moore Blatch solicitors in London, told 5 live Drive: "Claimants have been left with two options: one – the money running out at some stage in the future; or taking a high-risk investment vehicle”.

    Car insurers are up in arms over the move, which could push up premiums by up to £75. The Ministry of Justice says it has no choice under the current law. 

    The change is due to take effect from 20 March.  

  9. Drones made safer with new technology

    And now some good news from drone lovers. Manufacturer DJI says it has installed technology in its M200 series which will warn the drone operator when a plane of helicopter is nearby. 

    View more on twitter
  10. 'Absurdity' abounds on compensation changes

    The chairman of the Treasury Select Committee said the Government's proposal to change the calculation for compensation payments has a "look of absurdity about it".

    Andrew Tyrie said Ms Truss "appears to have had little choice" under the current legal framework to change the discount rate.

    But he warned: "The result will be sharp rises in people's insurance premiums, and a big hit to the public finances."

    "The principle that people should receive full compensation for the losses that they have suffered is a reasonable one. But implementing it in this way is probably not, and has a look of absurdity about it." 

  11. Who killed the LSE deal?

    A merger between the London Stock Exchange and Deutsche Boerse is looking increasingly unlikely to go ahead.

    BBC business editor Simon Jack asks who, why and what now?

  12. Sotheby's shares jump on strong finish

    Andy Warhol's 'Self-Portrait (Fright Wig)
    Image caption: Andy Warhol's 'Self-Portrait (Fright Wig) was sold by Sotheby's last November for $24.4m

    Shares in Sotheby's soared by 13.4% on Monday after the auction house reported better than expected full-year financials following a successful fourth quarter when profit rose and costs declined.

    Sotheby's chief executive Tad Smith, said: "Our fourth quarter 2016 results came in better than expected largely due to a number of strong fourth quarter sales. These results reflect growing confidence in the market as collectors responded enthusiastically to the great collections and works we secured for sale."

  13. Future is female for cyber crime fighters

    National Cyber Security Centre

    GCHQ's National Cyber Security Centre (NCSC) is looking for the next generation of cyber spies and has turned the nation's girls to fill the ranks.

    More than 5,000 girls have signed up to take part in the CyberFirst Girls Competition where teams will take on a number of challenges to progress to a national final in March.

    The initiative is aim at inspiring more women to join the global cyber workforce where just 10% of staff are female.

    Alison Whitney, deputy director for digital services at the NCSC, said: "Having worked in cyber security for over a decade I would recommend it to any young woman hoping to make a positive impact on the world."

    The winners will take home individual prizes and their school will receive IT equipment worth £1,000.

  14. Trump sets out US infrastructure concerns

    Donald Trump

    Ahead of a speech to Congress on Tuesday, US President Donald Trump detailed his concerns about the country's infrastructure and which areas are likely to receive investment.

    Mr Trump said: "We're going to make it easier for states to invest in infrastructure and I'm going to have a big statement tomorrow night on infrastructure.

    "We spend $6trn in the Middle East and we have potholes all over our highways and our roads. I have a friend who's in the trucking business. He said 'my trucks are destroyed going from New York to Los Angeles. They're destroyed'. He said 'I'm not going to get the good trucks anymore'. He always prided himself on buying the best equipment. He said 'the roads are so bad that by the time we make the journey from New York to Los Angeles or back', he said 'the equipment is just beat to hell'.

    "I said 'when has it been that before?' He said 'it has never' - he has been in business for 40 years - he said 'its never been like that. 40 years, never been like that'. So we're going to take care of that infrastructure, so we're going to start spending on infrastructure big. Not like we have a choice. Its not like "gee, lets hold it off".

    Mr Trump added: "Our highways, our bridges are unsafe. Our tunnels, I mean we have tunnels in New York where the tiles are on the ceiling and you see many tiles missing. And you wonder you know you're driving 40 miles an hour, 50 miles an hour through a tunnel. Take a look at the Lincoln Tunnel and the Queens mid-town tunnel and you're driving and you see all this loose material, that's heavy. You know it was made made years ago so its heavy, today its light. Used to be better. The problem is you got to hold it up. And I say to myself every time I drive through, I say I wonder how many people are hurt, injured when they're driving 40-50 miles an hour through a tunnel and a tile falls off. And there's so many missing tiles and such loose concrete."

    The president concluded: "So we have to fix our infrastructure. It is not like we have a choice. We have no choice and we're going to do it. It also happens to mean jobs which is a good thing."

  15. More than the bare necessities

    Moving Picture Company's Adam Valdez tells the BBC how the Jungle Book won an Oscar for best visual effects.  

    View more on twitter
  16. Compensation changes are 'a setback'

    Carolyn Fairbairn

    Carolyn Fairbairn, director general of the Confederation of British Industry, is concerned about  the Government's proposed changes  to the way compensation payments for people who suffer long-term injuries are calculated.

    She says: "The unexpected, significant cut to the discount rate is a setback for the UK’s world-leading insurance industry. It subjects insurance companies to a large and sudden shock at a time when stability and predictability should be prioritised.

    “We support a fair framework for claimants and defendants, but the way in which the discount rate is calculated is flawed, as it is based solely on short term market movements."

    She adds: "It’s important that the planned consultation happens straight away, to make sure long term economic factors are included in the calculation of the discount rate.

    “From the increasing strain of business rates to questions over the UK’s future relationship with Europe, the cumulative burden of challenges is weighing on UK companies. Now more than ever, it is critically important that firms have a stable policy framework to in which to grow, invest and drive prosperity for all parts of the UK.”