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Summary

  1. Wall Street drops; European stocks fall
  2. Deliveroo riders 'are self-employed'
  3. Aston Martin, Honda warn on Brexit risks
  4. Go Compare rejects bid from Zoopla
  5. Inflation remains at 3% in October
  6. Tesco's £3.7bn Booker deal cleared
  7. Get in touch: bizlivepage@bbc.co.uk

Live Reporting

By Dan Macadam

All times stated are UK

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  1. Good night

    Test card F

    That's it for this evening, thanks very much for reading. Do join us tomorrow when the Business Live page will start again at 06.00 UK time.

  2. The Trump-Russia saga in 200 words

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    The Trump-Russia saga in 200 words

    Trumps as Russian dolls

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  3. Venezuela claims refinancing progress

    Venezuela oil pump

    Venezuela's cash-strapped government insists it has successfully begun efforts to refinance some $60bn in foreign debt.

    However, some creditors disagreed following fruitless talks. A ratings firm has declared the nation in selective default, meaning that it is practically insolvent.

    Venezuela's Vice President, Tareck El Aissami, blames the United States and the government's domestic critics for engineering the crisis.

    The government has also pointed to the fall in global oil prices. The country relies on oil exports for 95% of its foreign earnings.

  4. Wall Street slips on oil

    New York Stock Exchange

    US markets have finished in negative territory, following falls in oil prices and European stock indexes.

    Oil has fallen by more than $1 a barrel - with Brent crude trading 1.7% lower at $62.11, following a gloomier outlook about demand growth in an International Energy Agency report.

    The Dow Jones Industrial Average fell 30.3 points, or 0.13%, to 23,409.4, the S&P 500 lost 5.93 points, or 0.23%, to 2,578.91 and the Nasdaq Composite dropped 19.72 points, or 0.29%, to 6,737.87

  5. Brexit Bill: More stressful than Christmas shopping?

    Video content

    Video caption: The EU Withdrawal Bill: More stressful than Christmas shopping?

    MPs are putting in the hours at Westminster, but will a key Brexit bill be over by Christmas?

    The government has only eight shopping days left to pass one of the most complex pieces of legislation: the EU Withdrawal Bill, which will allow all of EU law to be transferred into UK law.

  6. Deliveroo decision 'a blow for unions'

    Deliveroo rider

    As we reported earlier, Deliveroo riders have been ruled self-employed by labour law body the Central Arbitration Committee (CAC).

    The test case was brought against the delivery company by the Independent Workers Union of Great Britain (IWGB) .

    Crowley Woodford, employment partner at law firm Ashurst, said: "This decision has come hot off the heels of the game changing Uber decision where drivers were found to be workers.

    "In rejecting the current judicial trend the CAC has today decided that the Deliveroo riders are self-employed and therefore not entitled to union recognition.

    "This will be a significant blow to the unions who are trying to expand their membership within the gig economy by challenging the basis on which such employers engage and use their labour."

  7. 'All about the euro'

    Pound and euro coins

    The surge in the euro has been the standout move on global markets today, according to analysts.

    The single currency jumped more than 1% against the dollar, on the back on stronger than expected economic growth in Germany. The euro is also up against sterling, leaving one pound trading below €1.12.

    "It's been a euro trade today, and it's stronger against just about everything," Brad Bechtel, managing director FX at Jefferies in New York.

    The rally in the single currency dented Continental stock markets, dragging the Frankfurt Dax, Paris Cac 40 and Madrid Ibex 35 lower, said David Madden, an analyst at CMC Markets in London.

    The slight weakness in the pound helped the UK's FTSE 100 index, though, along with positive results from Vodafone, he added.

  8. Gone for $29.8m...

    Jamie Robertson

    Business reporter

    Diamond necklace

    The largest D Flawless Diamond ever offered at auction has just been sold for $29.8m (£22.6m) at Christie's in Geneva. There's also a $4m premium, taking the total sale to almost $34m.

    It's a bit of a monster, and like all very, very expensive things, pretty hideous - cut from a 404 carat rough rock discovered in February 2016 in the Lulo mine in Angola into a 163.41sparkler, all in a mater of 1700 hours of cutting by 14, well, cutters, I suppose.

  9. El-Erian in frame for Fed deputy

    Mohamed El-Erian

    The White House is considering Mohammed El-Erian, chief economic adviser at German insurance giant Allianz, to be a vice chair at the US Federal Reserve, according to US media reports.

    Mr El-Erian, a former chair of President Obama's development council, is reported to be one of a broad range of candidates under consideration. The White House has declined to comment.

  10. Shine on you crazy diamond

    Video content

    Video caption: The price of the perfect sparkle

    A necklace featuring a flawless 163-carat diamond - the largest of its kind to be auctioned - is about to go under the hammer in Geneva.

    Named 'The Art of de Grisogono,' the necklace took more than 1,700 hours to make, according to Christie's.

    The auction house said it expected the "masterpiece of unparallelled beauty and exquisite workmanship" to fetch around $25m.

  11. US stock indexes fall

    US trader

    The downbeat mood hasn't lifted on Wall Street. US stock indexes are still in negative territory, after major European indexes clocked up losses earlier in the day.

    Analysts said weaker oil prices, uncertainty about US tax policy and the economy's ability to deal with more interest rate hikes were weighing on US equities.

    The Dow Jones index is down 0.2% at 23,394

    S&P 500 is 0.3% lower at 2,576

    And the Nasdaq has dropped 0.4% to 6,730.

  12. Davis aims for transition agreement

    Simon Jack

    BBC Business Editor

    David Davis

    David Davis moved to reassure the City today in a speech to Swiss bank UBS.

    The Brexit Secretary said he hoped to get agreement on a time limited implementation period "very early next year".

    He stressed it depends on the EU negotiators obtaining a mandate to agree it but if he can achieve that, that would be very welcome news for many businesses.

    It may still be too late for some who have begun to trigger their contingency plans and don't intend to mothball them now.

  13. BreakingUnion to review Deliveroo decision

    Deliveroo rider

    The trade union IWGB has said it will review an arbitration ruling, which found that Deliveroo riders are self-employed, and decide on the best course of action.

    The Central Arbitration Committee ruled against the IWGB's argument that riders for the takeaway delivery app should be classed as workers entitled to union rights.

    The union's general secretary Dr Jason Moyer-Lee said: “Despite the CAC's finding that a majority of the riders in the bargaining unit would likely support union recognition for the IWGB, it seems that after a series of defeats, finally a so-called gig economy company has found a way to game the system.”

  14. Go Compaaaare!

    Gio Compario

    This would have given Gio Compario something to sing about.

    Price comparison site Go Compare - best known for its adverts involving the Welsh tenor - received a takeover bid from the company behind uSwitch and Zoopla.

    News of the offer sent shares in Go Compare surging nearly 10% in afternoon trading.

    But the company said it had "unanimously and unequivocally" rejected the bid because it undervalued the business.

    Zoopla owner ZPG confirmed the rejection, adding that it was "considering its position".

  15. Rate rebel 'waiting for wage growth'

    Jon Cunliffe

    When Bank of England policymakers decided to raise interest rates earlier this month for the first time in a decade, they did so with a 7-2 vote.

    One of those two was Sir Jon Cunliffe, the Bank's deputy governor for financial stability.

    In a speech this afternoon, Sir Jon has explained why he opposed the rate rise. He said he preferred to wait for clearer signs that wage growth is picking up.

    Limited evidence that the British economy was generating too much inflationary pressure meant the Bank could afford to hold off on rates, he added.

  16. 'Victory for all riders'

    Deliveroo rider

    Deliveroo says it welcomes the arbitration's decision that its riders are self-employed.

    Dan Warne, Deliveroo's managing director for the UK and Ireland, said: "This is a victory for all riders who have continuously told us that flexibility is what they value most about working with Deliveroo.

    "We welcome the decision of the Committee. As we have consistently argued, our riders value the flexibility that self-employment provides."

    The IWGB union has yet to respond to a request for comment.