Got a TV Licence?

You need one to watch live TV on any channel or device, and BBC programmes on iPlayer. It’s the law.

Find out more
I don’t have a TV Licence.

Live Reporting

Daniel Thomas

All times stated are UK

  1. Good night!

    That's all from Business Live for tonight - thanks for reading.

    Do join us again tomorrow from 6am.

  2. Cash, friends or religion?

    Meal

    Speaking of Thanksgiving, Americans are being fed some grim home truths from the Pew Research Centre this year.

    Asked to rate what gave their life meaning, researchers found more people mentioned career and money, than friends or religion.

    Two-thirds of those surveyed said family was a source of satisfaction.

    But close to a third also cited work, while 23% said their finances made their lives meaningful.

    Read more here.

  3. Wall Street closed for Thanksgiving

    No update on the US markets tonight as traders have had the day off for the Thanksgiving holiday.

    In London the FTSE 100 ended the day 1.3% lower at 6,960 points, with silver miner Fresnillo sinking 12% - its biggest one-day fall in two years.

  4. Started your Christmas shopping yet?

    Video content

    Video caption: Top tips for online shopping this Christmas

    Black Friday, tomorrow, so here are some tips for making the most of it from the BBC's consumer affairs correspondent Colletta Smith.

  5. No Chicken Kiev

    Another KFC outlet in Kiev

    KFC opened the doors of a new outlet in Kiev on Wednesday, only to close them again on Thursday, AFP reports.

    The fast-food restaurant opened on the day Ukrainians marked the fifth anniversary of the revolution on a spot that served as a hospital during the uprising.

    Protestors, demonstrating outside, said the fried chicken shop was disrespectful to the memory of those that died.

    KFC has put up a sign saying the restaurant is temporarily closed.

  6. Visa and Mastercard 'to reduce merchant fees in EU'

    Credit cards

    Visa and Mastercard have offered to reduce the fees merchants pay when accepting card payments from tourists in the EU, Reuters has reported.

    The move is an attempt to settle a long-running EU antitrust investigation and stave off possible hefty fines, it said, citing sources.

    The fees paid by merchants when they accept card payments are a lucrative source of revenue for banks and are still likely be higher than those for EU cards, the sources said.

    The European Commission has battled for more than a decade to reduce such costs and encourage cross-border trade and online commerce.

    The Commission and Visa declined to comment. Mastercard said: “At this time, we have no information to share on our ongoing engagement with the European Commission.”

  7. Virgin Atlantic 'in talks to buy Flybe'

    Flybe plane

    Virgin Atlantic is in talks to buy budget carrier Flybe which last week put itself up for sale, Sky News has reported.

    Citing sources, it said Virgin Atlantic had opened discussions with Flybe's advisers, lured by the opportunities a tie-up would provide to feed passenger traffic into Virgin Atlantic's long-haul network.

    Virgin is also said to be interested in accessing Flybe's take-off and landing slots at Heathrow.

    Virgin faces competition from Stobart, Sky reported, with easyJet understood not to be interested in making an offer.

  8. Trump trusts his gut

    President Trump

    President Trump says he's "very prepared" for a meeting set for next with his Chinese counterpart Xi Jinping that'll take place on the sidelines of the G20 summit in Argentina.

    In fact, is "very prepared" an understatement?

    "I have been preparing for it all my life," he told journalists.

    "I know every ingredient, every stat. I know it better than everybody knows it. My gut is always right."

    And if he can make a deal that resolves the stand-off over trade, he will, he says.

  9. What effect will the FCA rent-to-own price cap have?

    Rent-to-own chart
  10. Spanish question

    Gibraltar

    Spain will vote against the current Brexit draft proposal due to lack of clarity on the disputed British overseas territory of Gibraltar, a Spanish diplomatic source has told Reuters.

    Spain wants it made clear in the text of the proposal that decisions on Gibraltar, a peninsular on the south of the Spanish mainland, must be agreed bilaterally between Spain and Britain, the source said.

  11. Food for thought

    We ask the big questions here on the BBC Business Live page: what gives your life meaning?

    Well the Pew Research Center asked it first.

    View more on twitter
  12. Oil slips agin

    Oil rig

    Oil prices have slipped again amid concerns about the US's rising inventories and slower growth in China.

    Brent Crude is down about 1% at $62.86 a barrel - way off highs of more than $80 in October.

    "Opec will meet next month, and there is talk of a production cut, but the Saudis are under pressure from Trump to keep prices down," says David Madden of CMC Markets.

    Prices slumped 7% on Tuesday amid a global rout for stocks and commodities but they regained ground on Wednesday.

  13. Dolce & Gabbana faces China backlash

    Shop

    Chinese e-commerce sites have removed Dolce & Gabbana products amid a backlash against an advertising campaign that was decried as racist by celebrities and on social media.

    The ads - released earlier this week to promote a Shanghai fashion show -featured a Chinese woman struggling to eat spaghetti and pizza with chopsticks, sparking criticism from consumers.

    The blunder was compounded when screenshots were circulated online of a private Instagram conversation, in which the brand's designer Stefano Gabbana makes a pejorative reference to China.

    The brand said Gabbana's account had been hacked.

    Local e-commerce platforms Kaola and Seeco confirmed they had stopped selling Dolce & Gabbana products, while Italy's Yoox Net-A-Porter said it had dropped the label from its Chinese sites.

    Dolce & Gabbana is well known in China which accounts for more than a third of spending on luxury products worldwide.

    The company declined to comment on the backlash.

  14. FSB: 'Brexit deal far from finished'

    Flags

    The draft deal struck with the EU today "is just the start of what will be a monumental task" in shaping our future relationship with the bloc, the Federation of Small Businesses (FSB) says.

    Chairman Mike Cherry says: “Once we leave the EU on the 29 March 2019, the job must start in earnest to negotiate this comprehensive partnership and secure the easiest and least costly access to the EU single market and those countries we currently have trading relationships with through our membership of the EU.

    "Small businesses need and want a trading relationship that does not bring with it extra costs or administrative burdens.

    “Furthermore, work must start on designing a future immigration system that is simple, affordable and easy to use. An immigration system that allows our small businesses to hire and retain the staff they need to grow."

  15. FTSE 100 closes lower

    Trader

    The London market has ended lower after the pound jumped and concerns about Italy rattled European markets.

    Shortly after the bell it had reached 6,960.32 points, marking a gain of 1.3% since the start of the day.

    The pound is still up after Theresa May defended her draft Brexit deal in a largely hostile House of Commons.

    It is 0.7% higher against the dollar at $1.2869.

  16. Google rivals claim product search remains unfair

    Ads

    Google is not complying with European demands that it make the search for products fairer, rivals say.

    In an open letter to the EU's competition commissioner, 14 European shopping comparison services said the measures put in place by the search giant to improve things, actually make matters worse.

    They urged the commission to demand a new remedy.

    Google said it had complied with the European Commission demands.

    Read more

  17. Investors 'nervous about Italy'

    Italys Prime Minister Giuseppe Conte
    Image caption: Italys Prime Minister Giuseppe Conte

    Share markets are down across Europe today amid concern over Italy's budget fight with the EU.

    David Madden of CMC Markets says Rome is defiant about wanting to raise spending and no closer to a resolution with Brussels.

    "The Italian government are holding their ground, and the EU have stated that there will be penalties. The longer this continues, the more likely investors will become nervous.

    "The EU needs to be mindful that Italy has the third-largest bond market in the world, and a spike in yields could trigger a debt crisis."