More details are emerging of Debenhams' retreat from empire: it has just confirmed 80-90 jobs will go at its headquarters, less than half the number some newspapers had been suggesting. This is what the retailer said about what it's doing: "We announced our intention to restructure our organisation around three business units: Beauty & Beauty Services, Fashion & Home and Food & Events earlier this year. Our work to create a simplified and consistent structure across these units, reducing complexity and driving efficiency in order to deliver our Debenhams Redesigned strategy, is continuing."
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- Stock markets slide on trade war fears
- Harley-Davidson to move some production from US
- Clarks shoes boss quits
- Uber's London licence decision expected on Tuesday
- Countrywide shares crash 28%
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The boss of the financial regulator, the Financial Conduct Authority, has warned there's a risk people could lose confidence in the banking industry amid issues such as TSB's recent computer meltdown.
"Even if as tends to be the case the number of people who directly lose money isn't great, the loss of confidence is the thing.
"We have to be very careful. It's important people know their money is safe," Andrew Bailey says.
He says in the case of TSB, he bats away suggestions the regulator could have done more, noting that the FCA can't take over the running of a bank's IT system.
Today we've got full year results from Carpetright and a trading update from Debenhams.
Both retailers have been struggling and have been forced to close stores so it will be interesting to see how their turnaround plans are going.
And we'll bring you the latest from the SMMT's annual conference. The car trade body will later publish its annual investment figures for the industry which are expected to show another dramatic fall.
That's all from Business Live for tonight - thanks for reading.
As always we are back bright and early tomorrow morning at 6am, so do join us then.
The Dow Jones Industrial Average has closed more than 300 points lower over concerns about a trade war between the US and China.
The White House is set to announce plans later this week to restrict Chinese investment in US technology companies.
The Wall Street Journal reported that the measures would likely target investments in the US by any firm that is 25% Chinese held.
US Treasury Secretary Steven Mnuchin denied the report.
Nevertheless, the Dow Jones finished 328 points lower, down 1.3% at 24,252.80.
The technology-heavy Nasdaq closed down 160.81 points, or 2%, at 7,532.01 and the S&P 500 ended 35.91 points, or 1.3% lower, at 2,718.88.
Does White House trade adviser Peter Navarro know something we don't?
He's been talking to CNBC and says that more Harley-Davidsons will be made in the US under Donald Trump's trade policies.
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The UK has fallen from second to fifth in a global survey of the most desirable country to work in.
The Boston Consulting Group and totaljobs said its research revealed the possible impact of the Brexit vote two years ago.
The US, Germany, Canada and Australia now all rank higher than the UK in terms of attractiveness, a survey of 400,000 workers in 200 countries found.
MPs in the Commons are set to vote on the Heathrow expansion tonight - follow the debate ahead of the vote from our colleagues at BBC Parliament here.
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The declines on Wall Street are gathering pace, with the Dow and S&P both down 2%, while the tech-rich Nasdaq Composite is 2.8% lower.
Ominously the FTSE 100 is predicted to open about 2.5% lower on Tuesday morning at 7,429 points.
With a little more than an hour of trading left in New York, both the S&P 500 and the Nasdaq are set for their biggest daily declines since early April.
The Nasdaq has fallen 2.6%, the S&P 500 is 1.6% lower and the Dow has shed 1.8%.
Meanwhile, the Vix - also known as the "fear" index - soared to a two-month high.
Ken Odeluga of City Index comments:
ITV political editor Robert Peston asks:
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Theresa May has told Donald Tusk, European Council president, that the UK will give more details on its vision for a future relationship with the EU after a summit on Thursday and Friday.
Mr Tusk visited Downing Street on Monday afternoon.
The prime minister has struggled to find a proposal on post-Brexit customs arrangements - the biggest stumbling block in exit talks - to take into negotiations with Brussels.
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Royal Bank of Scotland's finance chief, Ewen Stevenson, is switching banks. No, he's not moving his current account, but is jumping ship to HSBC to replace Iain Mackay.
HSBC said Mr Stevenson (pictured) will take over from Mr Mackay, who is retiring as group finance director after 11 years with the bank.
The exact date of the handover has yet to be confirmed, with his appointment still subject to final regulatory approval.
Mr Stevenson was seen as a contender to replace RBS chief executive Ross McEwan, but tendered his surprise resignation ahead of the lender's annual meeting last month.
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Shares in Campbell Soup have jumped more than 9% in New York today after the New York Post reported that Kraft Heinz is interested in a takeover.
The stock is set for its best one-day gain since May 2000 as a result.
CNBC reported that Campbell, which is worth about $13bn is yet to hire bankers for a sale process, but is due to hold a board meeting this week.
However, Credit Suisse analyst Robert Moskow doubts that the Dorrance family, which controls Campbells, would sell the company.
Talking Business presenter Aaron Heslehurst tweets:
Thanks to the US President's prolific use of Twitter, there is a tweet for everything.
More than a year ago, Donald Trump was full of praise for Harley-Davidson, whose executives brought a couple of "hogs" with them when they visited the White House last February.
At the time, Mr Trump said: "A lot of countries are taking advantage of us. Thank you Harley-Davidson for building things in America."
What will Mr Trump say now?
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The London market suffered its worst day since February amid a global sell-off sparked by the escalating trade dispute between the US and China. Losses accelerated in Europe after Wall Street opened.
"It does seem to us that the time has probably come whereby all things very exposed to global trade flows will begin to underperform perhaps quite sharply," said Neil Campling at Mirabaud Securities.
BP and Shell fell 3.4% and 2.6% respectively as oil prices retreated, while miners Glencore, Rio Tinto and BHP Billiton shed between 3.3% and 4.7%.
Meanwhile the falls for the FTSE 250 were less sharp, with the mid-cap index down just 1.1%. Serviced office provider IWG rose 3.2% after saying it was considering a possible cash offer from private equity firm Terra Firma.
Thomas Cook was the biggest faller, down 5.3%.
A trade war could drag the world economy into global recession. That's the stark warning from the EU and China as two of the world's three biggest trading blocs discussed the future of the international trade in Beijing.
Business producer Jonathan Josephs tweets:
Following the FT's BMW story, the company says it remains "committed to our manufacturing operations in the UK and continue to operate 'business as usual', as we work through a range of possible Brexit outcomes and their potential impact on our business".
BMW's statement adds:Quote Message: As previously stated, the ongoing uncertainty surrounding the Brexit negotiations is not helpful when it comes to making long-term business decisions. In particular, the lack of clarity surrounding future customs arrangements are a cause for concern. The automotive industry is a global one with parts and finished products needing to move as freely as possible between markets, in order to facilitate 'just-in-time' production. Clearly if parts cannot physically get to a factory at the expected time, that factory will not run as smoothly and reliably as is desirable."
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The Government will not support £1.3bn a tidal lagoon project in Swansea to generate clean energy from the tides on cost grounds.
The company behind the scheme, Tidal Lagoon Power, wanted subsidies similar to those for new nuclear power to build the £1.3bn scheme, consisting of a U-shaped sea wall with turbines in Swansea Bay.
The lagoon had been backed as a "pathfinder" project to develop the tidal technology by an independent government review.
However, Business Secretary Greg Clark told the Commons that the project did not demonstrate value for money for consumers or taxpayers.