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Summary

  1. RBS court case delayed for 24 hours
  2. Pound fluctuates around $1.30
  3. City executives warn against euro-clearing plans
  4. Ford chief executive set to depart - reports
  5. Get in touch: bizlivepage@bbc.co.uk

Live Reporting

By Dearbail Jordan

All times stated are UK

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  1. Good night

    Test card f

    That's it from us. Thank you for following us on Business Live today.

    We will be back on Tuesday morning at 6.00am sharp. Do join us then.

  2. US whistleblower rules strengthened

    Potential whistleblowers who report wrongdoing at their firm have just been given extra protection from US regulators.

    Under the new rules, companies cannot force would-be whistleblowers to sign confidentiality agreements or other gag orders.

    The strengthened rules from the US Commodity Futures Trading Commission brings it into line with fellow US regulator The Securities and Exchange Commission.

  3. Wall St gets Saudi boost

    US stock markets

    US President Donald Trump's visit to Saudi has helped boost US markets thanks to the $110bn worth of defense deals signed.

    Rises in tech and defense stocks helped drag all three indexes higher.

    The Dow Jones Industrial Average rose 93.76 points, or 0.45%, to 20,898.6, the S&P 500 gained 11.35 points, or 0.48%, to 2,393.08 and the Nasdaq Composite added 43.61 points, or 0.72%, to 6,127.31.

  4. Morgan Stanley pay plans get the nod

    US bank Morgan Stanley has avoided the controversy of some of its peers by pushing through its executive pay plans.

    Some 90% of shareholders have supported the bank's decision to give chief executive James Gorman $22.5m for last year, a rise of 7% from 2015.

    In contrast JP Morgan boss Jamie Dimon had to face down protestors last week at the bank's annual meeting.

  5. Truck drivers will hit the skids in future

    Truck

    The future is so exciting! Unless you're a truck driver.

    Investment bank Goldman Sachs reckons that when self-driving cars finally become a reality US drivers could lose jobs at a rate of 25,000 a month, or 300,000 a year.

    In a note, Goldman Sachs says truck drivers will be particularly hard hit.

    Of the four million driver jobs in the US during 2014 - presumably the most up-to-date figures available - 3.1 million of these were truck drivers.

    Goldmans estimates estimates that semi and fully autonomous cars will make up around 20% of sales by 2025 to 2030.

  6. Hacker steals press releases for money

    A hacker has been jailed in the US over his involvement in an insider trading scheme based on stolen, yet-to-be-published corporate news releases.

    Reuters reports that 29 year-old Ukrainian Vadym Iermolovych has been sentenced to two and a half years in jail for his part in a scam that made $100m of profit.

    Authorities say scheme involved the theft of 150,000 news releases from Business Wire, Marketwired and PR Newswire between February 2010 and August 2015.

    Traders, including many with Russian ties, would give hackers "shopping lists" of releases they wanted, and traded in companies such as Caterpillar Inc and Home Depot Co.

    Reuters says that ten defendants, including three hackers and seven traders, have been criminally charged and five have pleaded guilty.

  7. A subscription for Twitter?

    Twitter is holding its annual general meeting (AGM) on Monday and it has emerged that it did consider launching a subscription service. But it looks like the idea didn't fly.

    CNBC reports that chief executive Jack Dorsey said: "Yeah, so this has been kicked around for quite some time.

    "We do believe that there is a real importance that Twitter is accessible to everyone in the world no matter what their economic stature is and where they are in life, so the general case has been to make Twitter free and open."

    You can watch Twitter's AGM here:

    View more on twitter
  8. Alitalia hires Rothschild for sale advice

    Alitalia

    Alitalia has hired Rothschild to advise on a potential sale of the Italian airline.

    Alitalia was put under special administration earlier this month and the government appointed three commissioners to assess whether it can be restructured or liquidated.

    Last week the commissioners said offers for Alitalia had to be presented by 5 June.

  9. US targets Hyundai and Kia in recall probe

    Hyundai

    The US National Highway Traffic Safety Administration is investigating whether the Korean brands Hyundai and Kia were quick enough to recall more than 1.6 million cars and SUVs because of stalling engines.

    The agency said it is looking into three recalls and whether the car makers followed safety reporting requirements.

    Hyundai recalled about 470,000 vehicles in September of 2015.

    Last year, Hyundai and Kia issued two more recalls covering 1.2 million additional vehicles with the same engine problem.

    The companies say they’re cooperating with the investigation.

  10. Taking it easy with Bill

    Bill Gates

    What does a billionaire businessman like to read on the beach during his summer holidays.

    A John Grisham thriller? Perhaps a steamy Jackie Collins potboiler?

    Not if you're Bill Gates.

    The Microsoft co-founder and philanthropist tells Forbes that his top five picks include A Full Life by former US President Jimmy Carter and Homo Deus by Yuval Noah Harari.

    If you'd like to feel inadequate, you can read the whole list here.

  11. Iraq and Saudi Arabia agree on oil cut deal

    Saudi Arabia's energy minister Khalid al-Falih
    Image caption: Saudi Arabia's energy minister Khalid al-Falih

    Saudi Arabia and Iraq are in agreement about extending oil production cuts.

    Saudi Energy Minister Khalid al-Falih said his Iraqi counterpart Jabar Ali al-Luaibi had given the "green light" to a proposal for a nine-month extension.

    The current agreement between Opec and other major oil producing nations to cut production by 1.8m barrels a day runs between January and June.

    Opec will host a meeting in Vienna on Thursday to discuss an extension.

  12. He doth protest too much?

    Here's Bill Ford Jr on the departure of chief executive Mark Fields.

    Video content

    Video caption: Ford chair: I did not fire Mark Fields
  13. Saudi deals lift US stocks

    Donald Trump

    The Dow Jones Industrial Average extended its gains on Monday to rise by 92.37 points to 20,897.21, lifted by an estimated $110bn worth of arms deals agreed between the US and Saudi Arabia.

    The deals were struck during US President Donald Trump's visit to Saudi Arabia at the weekend.

    Shares in aircraft maker Boeing rose by 1.56% to $183.58, making it the biggest riser on the index.

    Other stocks such as aerospace group Lockheed Martin also gained, up 1.61% to $277.17.

    "The bar for success has been set extremely low for President Trump and it seems that he's been able to meet that over the weekend," said Kim Forrest, senior equity research analyst at Fort Pitt Capital Group.

    She added: "Because we were down last week because of political news, the inverse is true too: that nothing bad happened over the weekend in political news."

    The S&P 500 rose 11.41 points to 2,393.14.

    The Nasdaq is 42.11 points up at 6,125.81.

  14. Akzo Nobel fight reaches court

    Akzo Nobel

    The fight to buy Dulux-maker Akzo Nobel just gets more and more fraught.

    Shareholders in Akzo Nobel are angered at the board's refusal to engage with talks with America's PPG Industries about a 26.3bn euros deal.

    Activist investor Elliott Advisors has now asked an Amsterdam court to order an investigation into possible mismanagement by Akzo's board and force an extraordinary meeting of shareholders to vote on dismissing Chairman Antony Burgmans.

    A spokesman for the Elliott said: "A large group of shareholders has lost confidence in Mr Burgmans and has asked to call him to account at an extraordinary shareholders meeting. That's a vote of no confidence by itself."

  15. South Africa in talks to protect credit rating

    South Africa's finance minister Malusi Gigaba
    Image caption: South Africa's finance minister Malusi Gigaba

    South Africa's government is continuing talks with credit rating agencies to avoid a further downgrade.

    Bloomberg reports that South African ministers met with S&P Global Ratings on Monday after holding discussions with Moody's last week.

    S&P and Fitch both reduced the country's credit rating to "junk" after President Jacob Zuma sacked finance minister Pravin Gordhan. He was replaced by Malusi Gigaba.

  16. The view on Brexit from Europe

    The European Commission has produced a video explaining all about the UK's decision to leave the EU and what happens next.

    View more on twitter
  17. Oil slips below $54

    Brent crude prices have come back from $54 but are still trading ahead, up 0.3% at $53.77 a barrel.

    West Texas Intermediate is up 0.6% at $50.95.

    Daily oil price
  18. Listen: pure corporate nonsense

    Is it worth calling out businesses for using marketing "BS"? And does it do companies are harm than good?

    Business commentator Lucy Kellaway points out some absolute corkers - like Pepsi comparing its "energy fields" to the Earth's magnetic field.

    Video content

    Video caption: Our commentator highlights meaningless corporate language used by Pepsi and other firms.
  19. Hikma shares extend losses

    Pills

    The FTSE 100 finished Monday 25.52 points higher at 7,496.23.

    Marks & Spencer was the day's biggest riser, up 2.8% at 395.8p. The retailer is set to report its full-year results on Wednesday.

    Shares in Hikma Pharmaceuticals extended Friday's losses and led the biggest losers, down 4.6% at £16.56, following on from the FDA's decision last week to block regulatory approval for a key asthma drug.

    The FTSE 250 ended up 99.75 points at 19,912.55.

  20. UK stock markets end on a positive note

    The FTSE 100 finished 25.63 points up at 7,496.34.

    The FTSE 250 ended Monday up 99.75 points at 19,912.55.

    More to follow.