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Summary

  1. Get in touch at bizlive@bbc.co.uk
  2. Telecoms co fined £900,000 for emergency failure
  3. Paddy Power Betfair blames wrong results
  4. Standard Life profits up ahead of merger

Live Reporting

By Tom Espiner

All times stated are UK

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  1. Good night

    That's all from the Live page for tonight. Please join us again tomorrow from 06:00.

  2. Hackers 'could target electricity grid' via solar panel tech

    Solar panel array

    Hackers could target electricity grids through security flaws in solar panel equipment, a Dutch researcher has said.

    Willem Westerhof found 17 vulnerabilities in inverters, which convert electricity produced by the panels so it can be used on the grid.

    He said internet-connected inverters could be targeted by hackers.

    One manufacturer said that only "a small fraction" of its devices were affected.

    Read more here.

  3. Google fires diversity memo author

    Google logo

    A Google employee who wrote a controversial memo about workplace diversity has been fired, the BBC can confirm.

    The controversial memo broke the firm’s code of conduct, Google’s chief executive Sundar Pichai said on Monday in an email to employees.

    The memo, shared widely at the weekend, suggested there were fewer women at Google due to biological differences.

    Mr Pichai said the text crossed the line due to it "advancing harmful gender stereotypes in our workplace”.

    Read more here.

  4. US military to shoot down consumer drones

    Anti-drone sign

    The Pentagon has given US military bases permission to shoot down or otherwise destroy consumer drones flying overhead and nearby.

    A spokesman revealed that guidance was issued on 4 August.

    He said the exact terms of the policy were classified.

    The move comes days after the US Army ordered its own troops to stop using drones made by Chinese manufacturer DJI because of alleged "cyber-vulnerabilities".

    Read more here.

  5. EU cost: Why £350m and £156m per week are both wrong

    i Newspaper

    The claim: The UK sends £156m a week to Brussels.

    Reality Check verdict: The UK actually sent £252m a week to the EU in 2016 after the rebate had been deducted, some of which was spent on projects in the UK.

    Read more here.

  6. Belgian authorities accused of sitting on contaminated egg info

    Adam Fleming

    Belgian ministers are to appear in front of a committee in the country's parliament to explain their role in a scare involving contaminated eggs.

    Regulators will also be questioned at the special session, after Belgium was accused of being too slow to reveal that traces of a banned pesticide had been found in eggs which then ended up in several other European countries.

    The Belgian authorities have been accused of sitting on information that eggs had been contaminated with the pesticide Fipronil.

    It led to farms being closed, and millions of eggs being removed from the shelves in the Netherlands and Germany.

    A very small number reached the UK.

  7. Sainsbury's gives 135,000 staff a 4.4% pay rise

    Sainsbury's logo

    Around 135,000 workers at supermarket giant Sainsbury's are to receive a 4.4% pay rise, taking their basic wage rate to £8 an hour.

    Workers have also shared a bonus of around £78m this year.

    Mike Coupe, chief executive of Sainsbury's, said: "This is the third successive year that we have awarded eligible store colleagues a pay rise of 4% or more and recognises their hard work and dedication.

    "We know what a difference this makes to our customers and we're committed to rewarding them well for the great service they provide."

  8. GM tests self-driving ride-sharing app

    Chevy Bolt

    The self-driving arm of General Motors, Cruise, has launched a private app for some employees to request free ride-sharing to anywhere in San Francisco, CNN Tech reports.

    The firm's test fleet of electric Chevy Bolts, which run for 16 hours per day, is open to around 20 employees, CNN says.

  9. Rand drops after Zuma vote outcome

    The rand fell by 1% after the announcement that South Africa's President Jacob Zuma had survived a vote of no-confidence.

    There were 177 votes for the motion and 198 votes against. Nine MPs abstained.

  10. BreakingZuma survives no-confidence vote

    South Africa's President Jacob Zuma has survived a no-confidence vote, Reuters reports.

    Mr Zuma has already survived seven no-confidence votes, called for amid repeated allegations of corruption.

  11. Reuters: Uber considering sale of US car-leasing business

    Uber logo

    Ride-hailing company Uber is looking into selling its US car-leasing business, including a sale of the unit, Reuters reports.

    The Xchange Leasing business has about 40,000 vehicles and 14 showrooms in the US.

  12. FT: Guy Hands 'seeks $3.4bn for buyout fund'

    UK private equity investor Guy Hands is to raise his first buyout fund since 2007, the Financial Times reports. His firm Terra Firma is looking for $3.4bn.

    Mr Hands, a private equity "big beast", almost went bust after Terra Firma bought EMI in 2007, just before the financial crisis, the article says.

  13. Companies 'struggling to cope' with costs of meeting National Living Wage

    BBC Radio 5 live

    Shop worker

    Two in five companies in the UK have put their prices up, and a fifth have reduced staff hours or hired fewer workers, in order to cope with the costs of paying the National Living Wage, according to new research.

    The Federation of Small Businesses says not only are firms having to pay their staff more, but some employers face a bigger wage bill because of the knock on effect of having to pay other staff more in comparison.

    But some campaigners say that does not go far enough, and are pushing for companies to pay the higher, so-called Real Living Wage (not the obligatory minimum wage).

  14. Government seeks Ofcom advice on Fox Sky bid

    Sky logo

    The government is seeking further advice from Ofcom on Rupert Murdoch's £11.7bn bid for Sky after receiving "new evidence and comments".

    The Department for Digital, Culture, Media and Sport (DCMS) has written to the communications regulator asking for extra input before Culture Secretary Karen Bradley decides whether the proposed Fox and Sky tie-up should face an in-depth investigation.

    Ms Bradley said last month that she was "still minded" to refer the takeover to the Competition and Markets Authority (CMA) following a report by Ofcom flagging "public interest concerns" surrounding media plurality.

    The deal would let Rupert Murdoch control both 21st Century Fox and Sky while also owning The Times, the Sunday Times and The Sun newspapers.

  15. FTSE closes short of record high

    The FTSE 100 index if leading shares has closed short of its all time high level.

    The index closed at 7,542.73, just under its record closing high of 7,547.63, which was reached on both 26 May and 2 June 2017.

  16. Pimlico Plumbers to appeal self-employment ruling

    Gary Smith

    Pimlico Plumbers says it's been granted permission to appeal a Court of Appeal decision that one of its pumbers, Gary Smith (pictured), was entitled to basic workers' rights, although he was technically self-employed.

    Pimlico Plumbers chief executive Charlie Mullins said: “It’s wonderful that we have been granted permission to appeal our long-running and potentially ground breaking employment case to the Supreme Court.

    "I have always maintained that Mr Smith was a self-employed contractor, and to my mind the evidence overwhelmingly supports our position."

  17. Sterling hits 10-month low against euro

    Sterling hit a 10-month low against the euro after consumer spending fell for a third month in a row in July.

    "There is very little reason to be bullish about the British economy now and it is relatively cleaner to execute a short sterling trade against the euro against whom its economic fortunes have diverged completely," Jordan Rochester, an FX strategist at Nomura in London, said.

    Sterling fell to 90.87 pence against the euro, its lowest since October 2016, before recovering partially.

  18. Would you get on a pilotless plane?

    Plane

    How comfortable would you feel getting on a pilotless plane?

    That is the question millions of people may have to ask themselves in the future if they want to jet off on holiday around the world.

    As we move closer to a world of driverless cars, which have already been on the road in some US cities and have also been tested in London, remotely controlled planes may be the next automated mode of transport.

    Plane manufacturer Boeing plans to test them in 2018.

    Read more here.

  19. War Loan in 1914 a 'spectacular failure'

    Wild poppies grow on the verge of a Flanders field

    Bank of England employees have uncovered the extraordinary story behind the government's issuing of a War Bond in 1914.

    According to them it was a "spectacular failure", with the Bank having to plug a huge shortfall after less than half the bonds meant to the public were sold to them.