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Summary

  1. Get in touch: bizlivepage@bbc.co.uk
  2. EU sets out Brexit negotiating strategy
  3. House price growth slows
  4. Eurozone inflation in March falls to 1.5%
  5. South Africa finance minister exit shakes investors

Live Reporting

By Dearbail Jordan

All times stated are UK

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  1. Goodnight

    Test Card F

    Thank you for joining Business Live in a truly momentous week.

    Have a great weekend and we look forward to bringing you all the latest business and economic news from 6.00am on Monday.

  2. Twitter drops egg to beat abuse

    Twitter

    Twitter has changed its egg profile picture to a silhouette after noting links between people who use the image and online abuse.

    The company the neutral silhouette is designed to look empty or like a placeholder in order to encourage people to upload their own picture. 

    Twitter said: "We've noticed patterns of behaviour with accounts that are created only to harass others - often they don't take the time to personalise their accounts.

    "This has created an association between the default egg profile photo and negative behaviour, which isn't fair to people who are still new to Twitter and haven't yet personalised their profile photo.

    "The new default image feels more like an empty state or placeholder, and we hope it encourages people to upload images that express themselves."

  3. US markets close lower

    US stock market

    US shares closed lower after investors cashed in profits on the last trading day of the quarter.

    The Dow Jones lost 0.31% to 20,663.22, the S&P 500 was down 0.23% at 2,362.72, and the Nasdaq shed 0.04% to 5,911.74.

    Financials did poorly, with the S&P 500 financials index losing 0.72%. 

    Despite the falls, it was a strong quarter for stocks, with each of the three major indexes posting gains of at least 4.6%. 

  4. HMRC: we do not settle for less

    Google

    HMRC is refusing to specifically comment on the amount of tax that Google paid in the UK for its last financial year.

    However, it did say this: "Everyone has to pay the tax due under the law and we do not settle for less.

    "Our most recent figures show that HMRC brought in a record £26bn in extra tax for our public services, with £7.3bn of that total coming from the 2,100 largest and most complex businesses in the UK."

  5. Data analytics is where it's at

    Eric Schmidt

    The skill that future employers are looking for is not just the ability to string a sentence together. According to billionaire Eric Schmidt, companies will want workers with data analytics knowledge.

    The executive chairman of Google's parent company Alphabet told CNBC: "I think a basic understanding of data analytics is incredibly important for this next generation of young people. That's the world you're going into."

    He explains: "By data analytics I mean a basic knowledge of how statistics works, a basic knowledge of how people make conclusions over big data." 

  6. Global palm oil industry under threat from weevil

    Palm oil treatment

    If the Bank of England is seriously considering using palm oil in the production of the new £20 note , they may be facing a foe - the red palm weevil. 

    This little critter is so vicious - it ravages coconut, date and oil palms - that agriculture ministers have had to agree a plan to combat this "global threat".

    The UN Food and Agriculture Organization (FAO) says the red palm weevil has spread to 60 countries from the Caribbean to Southern Europe. 

    The plan involves improved pest monitoring and a proposed ban on the import of palms larger than 6cm wide from infested countries.

  7. Oil prices fall on rig rise

    Oil rigs in the US

    A rise in US rigs sent oil prices lower on Friday.

    Brent oil fell 31 cents to $52.65 a barrel and prices at the end of the first quarter are around 7% lower compared to the final three months of 2016.

    US oil prices were volatile, at one point falling below $50 a barrel before climbing back to $50.42.

    Oilfield services company Baker Hughes said the number of rigs in operation in the US rose by 10 to 662. 

    A rise in rigs signals that the US is producing more oil, therefore adding to global oil supplies.  

  8. Gold bar and jewels seized in Credit Suisse probe

    The Dutch office for financial crimes prosecution (FIOD) has tweeted some of the goods it seized as part of a tax fraud investigation into Credit Suisse.

    As part of raids across the Netherlands, the UK and France, the FIOD took items including bank accounts, real estate, jewellery, a luxury car,  paintings and a gold bar from houses in four Dutch towns and cities.

    View more on twitter
  9. ExxonMobil leads Dow Jones fallers

    Stock market trader

    The Dow Jones industrial average has clawed back some losses but it is still trading lower, down 28.81 points at 20,699.68. 

    Oil giant ExxonMobil is currently the biggest faller, with its shares 1.85% lower at $82.15. Chip-maker Intel is the largest gainer, up 1% at $36.13. 

    The Nasdaq is 8.45 points ahead at 5,922.79 while the S&P 500 is flat at 2,367.87. 

  10. Dutch may share Credit Suisse tax fraud details

    Credit Suisse

    More on that tax fraud investigation into investment bank Credit Suisse. 

    Although Credit Suisse is based in Switzerland, raids only took place in UK, France and the Netherlands.

    Now the Dutch authorities are saying that their counterparts in Switzerland were not informed about the investigation because there were no Swiss suspects. 

    However, Reuters reports that Dutch prosecutors say they are "willing to discuss" sharing information with the Swiss.

  11. Video content

    Video caption: The biggest headlines of the political week.

    A 60-second look back at the biggest headlines of the political week.

  12. South Africa Cabinet reshuffle hits London

    Stock markets

    The final reading of the FTSE 100 on Friday shows that the blue chip stock index closed 46.60 points down at 7,322.92.

    South African insurer Old Mutual was Friday's biggest loser, down 7.52% at 200.06p, after President Jacob Zuma sacked Finance Minister Pravin Gordhan which sent the rand and government bonds lower.

    On the FTSE 250 another South African business - this time Investec - led the fallers with its shares down 9.9% at 544p.

    The FTSE 250 fell 40.10 points to 18971.83.

  13. Maradona considers legal action over video game

    Handsy football legend Diego Maradona has taken umbrage at Pro Evolution Soccer video game developer Konami.

    He claims the Japanese has used his likeness without his permission. 

    View more on twitter
  14. Glencore strikes $775m oil storage deal

    Glencore

    FTSE 100 commodities giant Glencore has agreed to sell a 51% stake in its oil storage and logistics business for $775m to China's HNA Innovation Finance Group.

    The jointly-owned group will be incorporated as a new business called HG Storage International Ltd and will have its own board of directors.

    Meanwhile, earlier today Glencore's Access World, its metals warehouse unit, was fined $1.4m (£1.1m) by the London Metal Exchange (LME) over alleged falsified documents.

    Glencore's Access World has agreed to pay the fine "without admitting any of the alleged breaches".

    The LME, which is owned by Hong Kong Exchanges and Clearing Ltd, said: "The exchange reminds the market that it expects its listed warehouses ... to act with integrity at all times."

  15. London stocks close down

    The FTSE 100 closed down 27.25 points at 7,342.27.

    The FTSE 250 ended 7.22 points lower at 19,004.71.

  16. Breaking'Disappointed' BMW is open to talks

    A spokesman for BMW Group says the company "has always prided itself in providing excellent pensions for its staff and wants to act now to protect future pension provision for its UK workforce".

    He adds: "The company has had a number of planned meetings on the proposed changes since the start of the consultation process in September last year, and while it is disappointed by the result of the ballot it remains open to negotiation." 

    Union members at BMW in the UK have voted "overwhelmingly" in favour of strike action over the planned closure of the pension scheme.

  17. South Africa's Gordhan battled to protect Treasury

    Pravin Gordhan

    South Africa's sacked Finance Minister Pravin Gordhan "fought tooth and nail" to protect the nation's coffers from president Jacob Zuma "and his cronies", according to his opposite number from the Democratic Alliance.

    Shadow Finance Minister David Maynier told BBC World News: “The former finance minister was in the first instance had the confidence of the markets, and had worked with national treasury to avoid a ratings downgrade, but most important he had  fought tooth and nail during his tenure to avoid the capture of the National Treasury by President Jacob Zuma and his cronies.”

    Mr Maynier added: “Under president Jacob Zuma, the rand has declined and the economy has been in deep trouble but I do think its fair to say that the former finance minister did the best he could under the circumstances in which he found himself and did certainly have the confidence of the ratings agencies.