And that's it for this evening. Thanks for reading Business Live and do join us if you can tomorrow from 0600.
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- Sterling hits 2017 high against US dollar
- Fox/Sky deal set to be referred to competition regulator
- UK inflation rises to 2.9% in August
- JD Sports sales jump in first half
- Hastings abandons AA merger talks
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Disney has pushed back the release of Star Wars: Episode IX by seven months to December 2019 after changing directors for the film.
The Force Awakens filmmaker JJ Abrams (pictured) will return to a galaxy far, far away to replace Colin Trevorrow as the director of the next instalment.
Trevorrow, who made Jurassic World, parted company with the film last week. Abrams will co-write the film with Chris Terrio, as well as directing.
Abrams delivered a huge box office success with Episode VII The Force Awakens in 2015, which took more than $2bn worldwide.
Episode VIII The Last Jedi, which will be released in cinemas on 14 December this year, was directed by Rian Johnson.
- Copyright: EPA
The three major US indexes have closed at record highs, even though gains were stunted by the decline in Apple shares.
The S&P 500 index rose 0.3% to 2,496.48, while the Dow Jones Industrial Average also rose 0.3%, to 22,118.86. The Nasdaq Composite finished 22 points higher at 6,454.28.
Investors are feeling more optimistic because Hurricane Irma was less powerful than feared in Florida, and further missile tests by North Korea didn't materialise over the weekend.
Shares in Apple finished 0.4% lower after it unveiled the iPhone X handset, having earlier risen 1%.
A bit of profit taking, or an early verdict on the new handset?
Guardian reporter Rob Davies points out this rival to that somewhat bizarre Jack Ma video:
This video of Alibaba boss Jack Ma at the company's annual "party" is probably the weirdest thing I've seen this year, as New York business correspondent Michelle Fleury tweets:
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Former ITV boss Adam Crozier will become chairman of cinema chain Vue International as the company considers a sale or IPO, the Financial Times' Murad Ahmed reports.
Mr Crozier said: “I have watched the development and growth of Vue International with great interest and am excited to be joining the group to play an active role in furthering their future ambitions.”
Vue is owned by two Canadian pension funds, which acquired the company in 2013 for £935m.
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JPMorgan chief executive Jamie Dimon has attacked bitcoin, calling the digital currency "a fraud" that will blow up sooner or later.
"The currency isn't going to work. You can't have a business where people can invent a currency out of thin air and think that people who are buying it are really smart," he told an investor conference in New York.
"It's worse than tulip bulbs - it won't end well. If we had a trader who traded bitcoin I’d fire him in a second for two reasons. It is against our rules and they are stupid, and both are dangerous."
Mr Dimon also predicted big losses for bitcoin buyers: "Don't ask me to short it. It could be at $20,000 before this happens, but it will eventually blow up. Honestly, I am just shocked that anyone can't see it for what it is."
North America technology reporterCopyright: Getty Images
It’s the big(ger) leap that iPhone fans - and Wall Street - had been demanding.
The iPhone X - “Ten”, not “X” - brings together many features we’d been expecting - such as FaceID for unlocking the phone, and animated emojis - animojis - that look fun to play with, if not a killer feature that’ll have people running to stores.
All this won’t come cheap: at $999 - or £999 in the UK - it’s the most expensive iPhone to date.
Apple is often accused of being slow to new tech, and I think that criticism will continue. Wireless charging comes years after Samsung first introduced it, for example, and the overall look of the phone, which no longer has the iconic home button, looks strikingly similar to the latest Samsung Galaxy Note.
The phone was unveiled in the new Steve Jobs Theater, a purpose-built venue or such launches. A beautiful, comfy building, with marble everywhere, it sits alongside Apple’s striking new spaceship campus.
This is the house that iPhone built, with a decade of phenomenal success. Does iPhone X herald another great era? The audience here cheered, but didn’t stand, with applause. I’m reserving my judgement until I’ve tried it.
The FT's Tim Bradshaw tweets:
- Copyright: Apple
Apple's new iPhone X - which is referred to as "ten" - uses a facial recognition system to recognise its owner rather than a fingerprint-based one.
FaceID can work in the dark by using 30,000 infra-red dots to check an identity, Apple says, and is harder to fool than its old TouchID system.
The firm has yet to reveal the cost but analysts predict it will be the first mainstream handset to be priced above $1,000/£1,000.
Apple also unveiled the lower-end iPhone 8 and iPhone 8 Plus, which are its first to feature in-built wireless charging.
More from the BBC's Dave Lee at the Apple launch:
End-to-end screen and no home button...
It won't come cheap: the iPhone 8 starts at $699 for the 64GB model and $799 for the 8 Plus.
Orders start on 15 September and ships on 22 September for the 8 and 8 Plus.
There will also be wireless charging as standard.
The new iPhone contains the first chip Apple has itself designed - the A11 Bionic Chip. The 8 has a 4.7 inch display, while the 8 Plus has a 5.5 inch screen. Both have a new glass-body design and other improvements.
Apple chief executive Tim Cook said they represent "a huge step forward" for the California technology giant, which is marking the 10th anniversary of the iPhone.