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Summary

  1. Get in touch at bizlivepage@bbc.co.uk
  2. UK presents 'untested' customs plan
  3. FTSE 100 index climbs
  4. Inflation flat at 2.6% in July
  5. Train fares could rise by up to 3.6%

Live Reporting

By Dearbail Jordan

All times stated are UK

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  1. Good night

    Test card F

    Thank you for joining Business Live today.

    We will be back at 6.00am on Wednesday morning when we will bring you all the business and economics news as it breaks.

  2. Do androids dream of electric footballers?

    Footballer

    Computer scientists at University of Southampton are testing an artificially intelligent tool for predicting Premier League football results.

    The machine learning algorithm has managed to beat BBC football commentator Mark Lawrenson's predictions for two seasons in a row.

    The team now wants fantasy football fans to try to beat it.

  3. BreakingTrump: CEOs are not taking their jobs seriously

    Donald Trump

    Donald Trump claims that the chief executives who have left his manufacturing advisory committee did so "because they're not taking their jobs seriously as it pertains to this country".

    He claims that the companies - singling out Merck - make their products outside the US.

    The US President said they are leaving the council "out of embarrassment" because "I have been lecturing them" about them making their products outside of America.

  4. Trump signs order to boost US infrastructure

    US President Donald Trump has just announced that he has signed an executive order to reform the planning permit process in a move to boost the country's infrastructure.

  5. Mixed closed for Wall Street

    Wall Street

    The Dow Jones Industrial Average closed up 8.60 points at 22,002.31.

    The S&P 500 finished 1.14 lower at 2,464.67.

    The Nasdaq ended 7.22 points down at 6,333.01.

  6. KPMG to pay $6.2m to settle US audit claim

    Accountancy firm KPMG will pay $6.2m to settle charges in the US that it failed to properly audit the financial statements of oil and gas company Miller Energy Resources.

    The Securities and Exchange Commission said KPMG did not admit or deny the agency's findings that the company and a partner improperly audited Miller Energy Resources in 2011 "resulting in investors being misinformed about the energy company's value".

  7. Johnson & Johnson chief to remain on Trump council

    Donald Trump (L) and Alex Gorsky (R) at the White House
    Image caption: Donald Trump (L) and Alex Gorsky (R) at the White House

    Alex Gorsky, the chairman & chief executive of Johnson & Johnson, says that he will remain on Donald Trump's Manufacturing Advisory Council.

    Commenting on the chief executives who have decided to leave the council, Mr Gorsky says: "I respect their decision as a matter of personal conscience."

    He adds: "Given the events of the past few days, I can understand the concerns - even the fear - that some people have expressed. These are difficult days for everyone. In the end, I have concluded that Johnson & Johnson has a responsibility to remain engaged, not as a way to support any specific political agenda, but as a way to represent the values of our credo as crucial public policy is discussed and developed."

  8. Oil trims earlier falls

    Brent crude has reversed and is now trading up 0.2% at $50.83 a barrel.

    West Texas Intermediate is flat at $47.61 following earlier falls.

  9. The £5,000 commuter club

    Groucho Marx once said: "I refuse to join any club that would have me as a member."

    Here's another one to avoid...

    View more on twitter
  10. Walmart: Trump missed chance to unify US

    Walmart chief executive Doug McMillon

    The chief executive of retail Walmart has given his verdict on the US President's response to the deadly violence in Charlottesville.

    In a public statement, chief executive Doug McMillon says that "we too felt that he missed a critical opportunity to help bring our country together by unequivocally rejecting the appalling actions of white supremacists".

    He says that Donald Trump's subsequent comments on Monday were "a step in the right direction".

    Mr McMillon will continue to serve on a presidential advisory council on economic development.

  11. Where next for wages?

    Money changing hands

    On Wednesday, the Office for National Statistics will release employment figures for the April-June period.

    One of the key figures to look out for is wage growth, especially in light of Tuesday's inflation data which shows that the Consumer Price Index measure remained at 2.6% in July.

    The most recent data shows that wages, excluding bonuses, rose by 2%.

    Will that rise? We'll find out tomorrow.

  12. Lloyds-owned education provider fails to block critical report

    Learndirect is an apprenticeship and adult education provider that was privatised and sold to the private equity arm of Lloyds Bank six years ago.

    The group has been fighting to block the publication of a critical report by Ofsted inspectors but has failed to do so. The document will be released on Thursday.

    What does this mean for the future of the business? Read the full story here.

  13. Sportswear chain in 20% share slump

    Dick's store

    One US retailer that's bearing the brunt of Wall Street's share slide at the moment is Dick's Sporting Goods, down more than 20%. The sportswear chain's second-quarter sales and profits missed analysts' estimates, because of stiff competition and weak demand.

    "We will be more promotional and increase our marketing efforts for the remainder of the year, as we will aggressively protect our market share," said chief executive Edward Stack.

  14. Drones to get privacy mode

    DJI Go app

    The world's best-selling drone-maker is adding a privacy mode to its aircraft to prevent flight data being shared to the internet.

    The announcement comes a fortnight after it emerged that the US Army had prohibited its troops from using the Chinese firm's equipment because of unspecified cyber-security concerns.

    DJI told the BBC that it had already been working on the new facility, but had speeded up development after the ban.

    The mode should be launched next month.

    Read the full story here.

  15. US stocks run out of energy

    Stock market trader

    US stock markets seem to have run out of steam.

    The Dow Jones Industrial Average is now ahead 6.60 points at 22,000.31.

    The S&P 500 is marginally lower at 2,465.40 as is the Nasdaq at 6,339.30.

    Omar Aguilar, chief investment officer for equities at Charles Schwab Investment Management, said: "Once you have a good lift in the market like yesterday, it's going to take a little more confidence that it can be sustained, especially at the valuations we're at.

    "We need to have a little more calm down on the political front and geopolitical side."

  16. Laura Ashley shares plunge on warning

    Shares in Laura Ashley plunged on Tuesday after the retailer warned on full-year profit.

    It said that it will take a £2.8m charge following a revaluation of its property. It also said that trading conditions have continued to be "demanding".

    As a consequence, it said it expects profit to be "materially below market expectations"..

    Laura Ashley share price