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  1. US markets higher
  2. Car registrations fall again
  3. Boeing takes control of Embraer
  4. Superdry sales soar
  5. Get in touch:

Live Reporting

By Tom Espiner

All times stated are UK

  1. Thanks, and good night

    That's all for tonight from the Business Live page. Do join us again at 06:00 on Monday.

  2. Musk has a pop at the media

    Elon Musk is not a big fan of some media outlets, and has been calling out Reuters, Business Insider and CNBC over Tesla coverage, CNBC notes.

    In one tweet, he says Reuters is "relentlessly negative" about the car firm. In another he says CNBC use an analyst to comment on Tesla who has a low rating, and in a third he says Business Insider reporter Linette Lopez published "several false articles" about Tesla and paid a former employee to give over Tesla intellectual property.

  3. Sorrell 'useful sideshow' for WPP

    Sir Martin Sorrell

    All the hoo-ha about Sir Martin Sorrell and his increasingly acrimonious split from the ad giant he founded, WPP, actually serves both sides, according to a Bloomberg opinion piece.

    For WPP, Sir Martin's sudden exit from the business, allegations of misbehaviour, and the threat to withhold £20m of Sir Martin's stock awards as he attempts to buy a firm WPP is interested in "deflects attention from the ad agency's effort to fix its business."

    For Sir Martin, the attention keeps his new firm, S4 Capital, in the news as he tries to raise investment.

  4. Embraer shares plummet

    Daniel Gallas

    BBC South America business correspondent

    Embraer shares are down more than 14% in Sao Paulo.

    Shares had risen a lot while the Boeing joint venture was still a rumour.

    Now that it is becoming a fact, the price has fallen sharply.

    One analyst said the market had hoped Embraer would have had a higher share in the joint venture than just the 20%.

  5. Greene King axes jobs

    Greene King

    Brewer and pub operator Greene King is to shed about 100 jobs because of "considerable cost pressures".

    It said the planned restructure would affect office teams in Bury St Edmunds and Burton upon Trent but would also see 25 new roles created.

    The company said it had experienced a challenging year, with rising costs, increased competition and poor weather.

    Of the 100 jobs to go, 60 are based at Greene King's headquarters in Bury St Edmunds and 40 at Burton upon Trent.

    Read more here.

  6. Credit Suisse to pay US fines over China hiring

    The logo of Swiss bank Credit Suisse is seen at a branch in Winterthur, Switzerland November 2, 2017.

    Credit Suisse is to pay almost $80m to resolve US charges that its Hong Kong office hired and promoted often inexperienced friends and relatives of Chinese officials to win business - a violation of corruption and bribery laws.

    The US Department of Justice and top US financial regulator, the Securities and Exchange Commission, announced the penalties on Thursday.

    They said Credit Suisse made more than 100 "relationship" or "referral" hires between 2007 and 2013 at the request of foreign government officials - a practice that helped to generate at least $46m in profit.

  7. Just the incentive England needs

    Mike Ashley

    One of the benefits of England winning the World Cup - apart from a nation's pure, unadulterated joy - is the chance to win a free t-shirt from Mike Ashley.

    The founder and chief executive of Sports Direct and owner of Newcastle United Football Club, has won the rights to make shirts with the official Three Lions logo, emblazoned with the words "2018 Winners" underneath it.

    "The only limit on how many we can give away will be how fast we can get them printed," said a spokesman for Sports Direct.

    Form an orderly queue folks.

  8. Boeing-Embraer deal: Status quo restored

    Theo Leggett

    BBC Business News Reporter

    Boeing and Embraer planes

    This deal, if it goes ahead, will restore the cosy duopoly between Boeing and Airbus.

    In the past, they had the market for large jets to themselves.

    In the segment beneath them, sat Embraer and Canadian firm Bombardier, equally fierce rivals in the market for smaller, so-called "regional" jets.

    Both, however, showed signs of rising above their station.

    Big fish eats smaller fish

    Bombardier developed the C-series, a brand new highly-efficient aircraft capable of competing directly with smaller versions of the Boeing 737 and Airbus' A320. Embraer, meanwhile, developed the E-195 E2. Slightly smaller, but still capable of playing in the same ballpark.

    Boeing tried to kill off the C-series, protesting about its funding in the World Trade Organisation. But that simply sent Bombardier into the arms of Airbus, which bought a majority stake in the C-series programme, strengthening its position in the market.

    A Boeing-Embraer deal should restore parity - with both of the big players having extended their reach into the market for smaller planes.

  9. EU votes to temper steel imports

    German steel worker

    European Union countries have voted in favour of provisional measures proposed by the European Commission to curb steel imports into the bloc.

    The EC has proposed a combination of quotas and tariffs to stop a surge of steel imports since the US imposed levies on steel and aluminium shipments to America.

    A spokesman said: "This is intended to prevent the negative effects of trade diversion, but at the same time maintain traditional supply and effective competition on the EU market."

  10. JP Morgan start Brexodus

    JP Morgan Chase building

    JPMorgan Chase has asked "several dozen" employees to lead a first wave of relocations from the UK to the mainland by early next year, reports Reuters.

    The news agency has seen a memo to staff sent this afternoon.

    It is starting the exit clock gently, though.

    The "several dozen" are the merest of trickles when set against the 16,000 the bank employs in the UK.

    But, JPMorgan does have plans to beef up its presence in several other EU cities including Paris, Madrid and Milan.

  11. Trump blimp to fly high for UK visit

    Donald Trump

    While much of the business world's attention is likely to be on the escalating trade tensions between the US and China, others might be more interested in another situation involving Donald Trump - this time in London.

    Ahead of the US President's visit to the UK next week, Mayor of London Sadiq Khan said he will allow protesters to fly a blimp over parliament portraying Donald Trump as an orange, snarling baby.


    A spokesman for Mr Khan's office, said: "The mayor supports the right to peaceful protest and understands that this can take many different forms.

    "His city operations team have met with the organisers and have given them permission to use Parliament Square Garden as a grounding point for the blimp."

  12. US stocks soar at open

    The Dow Jones Industrial Average opened 151.81 points higher at 24,326.63 on Thursday.

    The S&P 500 added 15.9 points to 2,729 and the Nasdaq rose 50.37 points to 7,553.04.

  13. US jobs creation falls short of forecasts

    Help wanted sign

    Ahead of the US non-farm payrolls data on Friday, the ADP National Employment Report said American companies hired 177,000 people in June - below the 189,000 jobs created in May and expectations of a 190,000 gain.

    The US Department of Labor is expected to announce 195,000 new jobs in June compared to 223,000 positions created in May.

  14. Carney's coming home

    Mark Carney's Three Lions badge

    At his speech in Newcastle today, Mark Carney was wearing a Three Lions lapel badge.

    That may have prompted an audience member to ask the Bank of England governor about the economic impact of an England win.

    "It would be an unalloyed, unadulterated absolute good. Everything would be good," he replied.

    Mr Carney also praised the England team's work ethic, humility and its innovation, adding: "This is a pleasure to watch right now, so we are all behind them."

    When the event host said "in Gareth we trust", he quipped: "I will get my waistcoat this afternoon."

  15. Threats to car industry cool off

    President Donald Trump

    German Chancellor Angela Merkel appears keen to head off any tariffs on German car exports.

    Chancellor Merkel said she would be in favour of opening talks with trading partners on lowering automobile tariffs with all countries.

    Her comments follow a threat from President Trump last month that he would impose a 20% import tariff on EU-made vehicles.

    According to a report in Germany's Handlesblatt newspaper Mr Trump would be willing to drop that threat if the EU annulled duties on US car imports.

  16. Car makers drive European markets higher


    Gains for shares in car companies and makers of car parts are behind a rally for European shares so far today.

    BMW, Volkswagen and Daimler are all up more than 4% in Frankfurt.

    Meanwhile, French maker of car parts Valeo is up 4% in Paris.

    Shares in those shares have been hammered recently on fears that President Trump might impose sanctions on European car imports.

    But analysts think that might be a little overdone.

    "The damage potentially may have already been done with some of these downturns, with some of these stocks, and now is a good time to make a few value plays under the assumption that these trade tariffs might not actually come to fruition," Jasper Reimers, market analyst at Vertex Capital Group, said.