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Summary

  1. Get in touch: bizlivepage@bbc.co.uk
  2. UK inflation at highest level since September 2013
  3. Passengers on UK flights from six countries face restrictions
  4. Google promises greater protection for advertisers

Live Reporting

By Dearbail Jordan

All times stated are UK

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  1. Goodnight

    Test card F

    That's it for Tuesday here on Business Live.

    Join us bright and early tomorrow at 6.00am for all the latest business news and analysis.

  2. US chocolate balls battle set to commence

    Maltesers

    Mars is to start to sell Maltesers in the US, it's home market, after settling a legal fight with rival Hershey over the rights to the product name in 2015, the FT reports.

    It may have a further fight on its hands, the article says: introducing chocolate brands into a market is tough as consumers tend to stick to about three products, often associated with childhood memories.

    Hershey has its own malt balls brand, apparently, called "Whoppers'. Mars says its product was different in being "light and airy".

    Mars has consistently marketed Maltesers as being "light".  Maltesers have 505 calories per 100g , or about a quarter of an adult's recommended daily calorie intake.

  3. Driving the point home

    Interesting that Uber has put forward three women - HR chief Liane Hornsey, board member Arianna Huffington, and Rachel Holt, regional general manager US & Canada - to field calls on inclusion and diversity at the taxi business.

  4. Nike profits disappoint

    nike basketball trainers

    Nike, the world's largest footwear maker, reported lower-than-expected quarterly revenue on Tuesday, hit by a strong dollar and intense competition from Adidas and Under Armour.

    Shares in the company were down 1.4% in after-market trading after Nike posted profits rise to $1.14bn, from $950m in the same three months last year. Revenue climbed 5% to $8.43bn.

    However, analysts had expected more.  Nike and its Jordan brand have been dominant in the US footwear market, but a resurgent Adidas and Under Armour have been gaining ground by revamping their under-performing brands and tying up with supermarket chains. 

  5. Wall Street: banks lead shares lower

    Wall Street share traders

    Wall Street fell as investors fretted about whether President Donald Trump will be able to deliver promised tax cuts that have propelled share markets to record highs in recent months.

    The S&P 500 and Dow Jones indexes fell more than 1%, with the S&P financial sector index sinking 2.87%, its biggest daily fall since June. Bank of America fell 5.77% and Goldman Sachs fell 3.72%.

    At the closing bell, the Dow Jones was 1.14% lower at 20,668.01 points, while the S&P 500 lost 1.24% to 2,344.02. The Nasdaq fell 1.83% to 5,793.83.

    The CBOE Volatility index, Wall Street's so-called "fear gauge", jumped 10%.

  6. Arianna Huffington defends Uber

    Arianna Huffington

    Earlier today Arianna Huffington, who is a board member of Uber, told CNN that sexual harassment at the company is not a "systemic problem" at the company though there are "unquestionably" some individuals who are exceptions.

    She said: "...what is important is the structures that were not in place are now being put in place to make sure women, minorities, everyone feels completely comfortable at Uber."

    A blog written by former Uber engineer, Susan Fowler, described sexual harassment that she and other women had experienced and the company's woeful record of dealing with the issue.

  7. Uber boss understands 'importance of a partner'

    Travis Kalanick

    Looks like Uber has really been jolted following the departure of its president Jeff Jones .

    Commenting on Uber's search for a chief operating officer, HR boss Liane Hornsey says: "This is the first time that Travis [Kalanick, chief executive] has really understood the importance of having a partner."  

  8. Uber: individual is more important that the team

    Uber

    Uber's Liane Hornsey says that changes at the taxi sharing company will "not be top down" so chief executive Travis Kalanick will be staying put. 

    She says: "We need to expend genuine effort that individual is more important than the team, that everyone can be heard."

  9. Uber was focused on 'business not staff'

    Uber's chief HR officer Liane Hornsey says that the company's boss, Travis Kalanick, has given her "full license" to do the report on diversity.

    She says that Uber's focus was "on the business and not the employees". 

  10. Uber to report on 'diversity and inclusion'

    Uber

    Uber is going to publish a report on diversity and inclusion by the end of the month, according to the taxi service's HR chief Liane Hornsey

    The car-sharing service has been hit by a series of scandals.

    Most recently its president Jeff Jones stepped down after just six months , citing his differing beliefs with a company that has been accused of failing to deal with sexual harassment claims , whose boss Travis Kalanick was recorded swearing and shouting at one of the company's drivers as well as stream of management departures.

  11. Italy waves the flag for free trade

    Shinzo Abe (L) and Paolo Gentiloni (R)

    Italy's Prime Minister says that he wants to send a clear message about free trade when leaders of the G7 nations meet in May.

    The country is hosting the gathering in Sicily on 26-27 May and Paolo Gentiloni said: "It's our hope that the G-7 in Taormina will send a message about the importance of international trade and against every protectionist temptation."

    Mr Gentiloni was meeting with Japan's Prime Minister Shinzo Abe, who recently visited US President Donald Trump who pledged to put "America first" during his election campaign.

    Mr Abe said: "Japan and Europe must collaborate with the United States to continue to hold high the free-trade flag."

  12. Time for gin

    People all over the world joining in a "ginaissance".

    The BBC's World Business Report explores the London Gin Festival where connoisseurs can buy a bottle of the spirit made out of ants.

    View more on twitter
  13. Fiat's responds to emission claims

    Fiat Chrysler Automobiles' (FCA) says: FCA takes note of the determination of the public prosecutor to carry out further investigations on certain alleged consumer protection violations in connection with the sale of diesel vehicles.

    "FCA reiterates once again that its diesel vehicles fully comply with applicable emissions requirements, as confirmed by the sole competent authority as to FCA homologations, which is the Italian Ministry of Transport.

    "FCA will continue to cooperate to any investigations by competent authorities and remains fully confident that the matter will be clarified in due course."

  14. French prosecutor opens investigation into Fiat diesel claims

    Fiat logo

    A public prosecutor has opened an investigation into Fiat Chrysler over claims the car-maker cheated in diesel emission tests.

    The Paris prosecutor opened the investigation on 15 March after a government watchdog referred the case to the courts, a judicial source told Reuters.  

    A Fiat spokesman pointed out that the allegations were not new and had been referred to the Public prosecutor in early February - news that was made public at the time. 

    He said the company would continue to cooperate with the authorities and was confident the matter would be fully resolved. 

  15. Expert questions timing of flight electronics ban

    Bruce Schneier, a security expert, has questioned the timing of the Trump administration's flight electronics ban.

    He  told The Guardian : "There are no new technological breakthroughs that make this threat any more serious today. And there is certainly nothing technological that would limit this newfound threat to a handful of Middle Eastern airlines."

    Officials from the Trump administration have said the ban is not based on any specific or imminent threat, according to the New York Times.

    However, the Department of Homeland Security cited the attempted downing of  Daallo Airlines Flight 159  last year as the sort of threat the ban is designed to counter. This saw a terrorist manage to sneak a "sophisticated laptop bomb" past X-ray scanners in Somalia. 

  16. Experts question US in-flight electronics ban

    Ethiad plane

    Experts have been questioning whether the US ban on some electronic devices on in-bound flights from certain countries will actually work. 

    David Gomez, a retired FBI counterterrorism expert,  tweeted that the ban "ignores the realities of terrorist behavior" because passengers could simply fly to Paris, Amsterdam or other destinations and switch carriers" to reach the US.  

    Paul Cruickshank, editor-in-chief of the Combating Terrorism Center Sentinel at West Point, said that if a bomb could escape detection in cabin luggage, it could escape detection in stowed luggage, too.

    The Trump administration is "yet to explain why laptops will be allowed in hold but not cabin in new ban," he said. 

  17. Politics 'take centre stage' for stock markets

    US stock trader

    The US stock market is having one of the worst days since Donald Trump was elected as US President last November. 

    Mark Kepner, managing director at Themis Trading says: "You have this back and forth in Congress with the new healthcare plan and you have this belief that if the healthcare plan can't pass then they can't move on to taxes. There's this feeling that if things don't get done then maybe what the market has been anticipating gets held up."

    Andrew Frankel, president at Stuart Frankel & Co, says: "Politics is center stage. It's running the market. If the market rallied on Trump's pro growth policies and they're in question then the market has to give something back."

    He adds: "The market is trying to price in what setbacks they'll have on tax reform and deregulation."