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  1. Get in touch:
  2. PG&E to file for bankruptcy protection
  3. Chinese exports and imports fall in December
  4. Profit warning from Goals Soccer Centres
  5. JD Sports expects strong profits

Live Reporting

By Mary-Ann Russon

All times stated are UK

  1. Good night

    BBC testcard

    That's it for today on Business Live - thanks for reading. We'll be back bright and early at 06:00 on Tuesday.

    Do join us then for all the latest breaking news and analysis.

  2. Fed will continue to be 'patient'

    US Federal Reserve

    The US Federal Reserve's vice chairman Richard Clarida has told Fox News that the central bank will "be patient" when dealing with policy decisions in 2019, due to the fact that in the US there is a good economic momentum but a slowdown overseas.

    "We can afford to be patient in 2019, there is good momentum," he said, adding that US central bankers will decide interest rates on a "meeting by meeting" basis in the months ahead.

  3. US stocks end lower

    US stock market traders

    US stocks have ended lower.

    The Dow Jones Industrial Average closed down 0.38% at 23,904.75.

    The S&P 500 finished 0.49% lower at 2,583.66.

    And finally, the tech-heavy Nasdaq fell 0.94% down at 6,905.92.

  4. Avianca Brasil to cut fleet

    Avianca Brasil aeroplane

    Airline Avianca Brasil is to cut its fleet and return leased planes to owners who are seeking to repossess them, a lawyer for the airline told Reuters on condition of anonymity.

    The airline has been granted 15 days to continue to operate the planes, while the lease owners and the airline try to come to an agreement on outstanding lease payments.

  5. Tesla shares slip on auto show announcements

    Tesla Model X at the Vienna Autoshow

    Tesla shares are down, following a string of announcements at the Detroit auto show from other car makers.

    General Motors released concept photos for a Cadillac electric SUV and said that the new vehicle would be the first to use the carmaker's upcoming new electrical vehicle platform.

    Tesla shares are currently down 3.4% to $335.51.

    In comparison, General Motors shares are up 1.5% to $37.74.

  6. What will Andy Murray be worth in retirement?

    Bill Wilson

    BBC business reporter

    Andy Murray

    As Andy Murray's retirement moves a step closer following his defeat by Roberto Bautista Agut in the Australian Open, the tennis star remains poised to continue making as big an impact off court as he did on it.

    With a burgeoning range of business interests the Scot - never one to shirk speaking his mind - has the power to remain vividly in the public consciousness whichever route he chooses to go down.

    There is talk of him potentially moving into the world of politics or media analysis, while current business interests include property ownership, backing UK start-up firms and talent representation.

    But one lucrative sphere which will provide a huge chunk of his post-playing earnings will be that of brand endorsement.

    Read more here.

  7. £1m diamond ring seized by investigators

    Diamond ring seized from Mrs Hajiyev

    National Crime Agency investigators have seized a £1m diamond ring in the first ever investigation into unexplained wealth in the UK.

    The ring in question belongs to Zamira Hajiyeva, the wife of Azerbaijani banker Jahangir Hajiyev, who is currently serving 15 years in prison after being convicted in 2016 of embezzling millions of dollars from Azerbaijan's state-owned bank.

    The ring was bought from Harrods in 2011 by Mr Hajiyev.

    In 2018, the NCA seized a house in Knightbridge and a golf club in Berkshire - a combined value of over £22m - as well as 49 pieces of jewellery worth over £400,000.

    Mrs Hajiyev has been issued orders requiring her to explain how she and her husband managed to afford to buy the two properties.

  8. Renault 'will draw the same conclusion' on Ghosn, claims Nissan

    Carlos Ghosn

    The boss of Nissan expects its French alliance partner Renault to come to the same conclusion as the Japanese carmaker about its former chairman Carlos Ghosn once it sees evidence from an investigation into the businessman.

    In an interview with Les Echos, the French newspaper, Nissan's chief executive Hiroto Saikawa, said: "All that I ask is that the directors of Renault should have access to the full dossier. I think that once that's the case, they will draw the same conclusions as we did."

    Mr Ghosn was arrested in November on suspicion of financial misconduct and remains in detention in Japan.

    Nissan fired him but he remains as Renault's chairman and chief executive.

  9. Tidal's Beyonce figures under investigation

    Beyonce's husband, Jay-Z, bought Tidal in 2015
    Image caption: Beyonce's husband, Jay-Z, bought Tidal in 2015

    The streaming figures of music service Tidal are under investigation in Norway over claims the numbers of listeners to 2016 albums by Beyonce and Kanye West, among others, were inflated.

    The Norwegian authorities said they would explore whether "someone" had manipulated the figures but did not name any individuals or companies.

    Tidal's lawyer said the platform was "not under suspicion in this case".

    The company behind Tidal was bought by Beyonce's husband, Jay-Z, in 2015.

  10. Would you get a 'Brexit Box'?

    So-called Brexit survival kits costing almost £300 are being sold ahead of the UK leaving the EU.

    The packs include enough freeze-dried food to last 30 days, a water filter and fire starting gel.

    Lynda Mayall, 61, said she bought a box to supplement her stocks of tinned food and toilet roll as she feared there may be "chaos" in the months after Brexit.

    A government spokesperson said there was "no need" to stockpile any of the items in the box.

    Video content

    Video caption: Hundreds buying 'Brexit Box' amid food supply fears
  11. Volkswagen invests $800m into electric cars

    Volkswagen car at Detroit Auto Show

    German carmaker Volkswagen has announced at the Detroit Auto Show that it will be investing $800m into its car factory in the US, in order to enable it to start producing electric cars in 2022.

    The plans also mean an additional 1,000 jobs will be created at the factory, which is located in Chattanooga, Tennessee.

    And Volkswagen's chief executive Herbert Diess added that talks with Ford were meant to address a gap for Volkswagen.

    "We are not as big in small commercial vehicles," he said. "So we decided to join forces with Ford there and we will become very, very competitive together in this segment, which consists of small commercial vans and small and mid-sized pickups."

  12. Ford's European plans

    BBC World News presenter Aaron Heslehurst is tweeting about Ford's potential plans for expansion, which could include German automaker Volkswagen...

    View more on twitter
  13. Build-a-Bear warns of Brexit challenges

    Build-A-Bear Workshop

    American soft toy company Build-A-Bear Workshop has lowered its full-year sales expectation for the fiscal year, citing several revenue and profitability challenges in the UK.

    Amongst the challenges mentioned are Brexit, currency exchange rates, European privacy laws, the liquidation of Toys R Us, and fewer family-centric character-based movies.

    Build-A-Bear said that full-year revenue in North America would be down 2% compared to the previous year, but it expected a drop in revenue of between 17-20% outside North America, largely isolated to the UK.

    The soft toy retailer, which produces licensed character toys tied-in with popular movies, said that 2019 would be positive, with anticipated box office family movie hits like the live-action Lion King movie, and Frozen 2.

  14. Toyota urges support for PM's Brexit deal

    Dr Johan van Zyl

    Toyota's Europe boss has reiterated his support for the Prime Minister's Brexit deal ahead of Tuesday's key Commons vote.

    Dr Johan van Zyl said the deal was vital to protecting the UK car industry and would stop a damaging no deal exit.

    His intervention comes days after Jaguar Land Rover and Ford announced thousands of UK job cuts, blaming a slowdown in the global car market.

    The Japanese firm has said it could cut jobs in the event of a no-deal Brexit.

  15. London shares end lower

    London Stock Exchange

    London shares have ended lower, as markets were dragged down by data showing Chinese exports and imports fell in December, together with fears of a looming recession in Germany.

    The FTSE 100 closed 63.2 points or 0.9% lower to 6,855.02. Top of the losers was bookmakers Paddy Power Betfair, which fell 4.1% to £62.60 after Barclays downgraded its stock from "overweight" to "equal weight".

    The FTSE 250 ended 124.7 points or 0.7% down to 18,417.58. Premier Oil led the losers, dropping 11.3% to 70.5p after it issued a statement saying it was undecided on whether to acquire more oil and gas fields in the North Sea being sold by Chevron.

  16. German car exports drop by a third

    Volkswagen cars at its Autostadt visitors centre in Wolfsburg, Germany

    Exports of German cars from the US to China fell by 37% in 2018, according to latest data from German auto industry association VDA.

    The German automobile industry owns four car factories in the US and employs 118,000 people in the country.

    VDA is appealing for tariff-free trade in order to preserve jobs both in Europe and the US.

    In 2018, the four factories made 750,000 vehicles, and 56% of them were exported to China and Europe.

    "Recent developments once again proved that the automotive industry and the jobs it provides depend heavily on free and fair trade," said Klaus Braeunig, managing director of the German Association of the Automotive Industry (VDA), at the North American International Auto Show in Detroit.

    "This is why we are deeply concerned about the direction that US trade policy has taken since 2017. We should always keep in mind that together the EU and the US account for 50% of world trade."

  17. 'You don't want us any more in the UK'

    Video content

    Video caption: Migrant workers: 'You don't want us any more in the UK'

    Employers are warning of big labour shortages after Brexit because of new rules the government plans to bring in for low-skilled migrant workers from the EU.

    They will only be allowed to stay and work in the UK for a maximum of one year.

    The rule change has already persuaded many workers from places such as Poland and Romania to return home.

  18. Fund managers make bad selling decisions - report

    Buy and sell buttons

    Professional fund managers display "clear skill" when buying assets but "their selling decisions underperform substantially" according to research by Institutional Investor.

    The report says that selling assets randomly would produce better results than the selling decisions of portfolio managers.

    Why is their performance so bad? The researchers say it's probably because fund managers devote a lot of time to buying, but much less to selling decisions.

  19. Two sides of Theresa May's deal in 96 seconds

    Video content

    Video caption: Brexit plan: Political declaration and withdrawal agreement

    Theresa May's Brexit deal comes in two parts - one is short, the other is a hefty document which is legally binding and covers the 21-month transition plan.

    For Politics Live, Elizabeth Glinka looks at what is in the political declaration and withdrawal agreement and their roles in the UK's way out of the European Union.

  20. BreakingTrump: 'Talks are going well'

    US President Donald Trump

    US President Donald Trump has just given a press conference to reporters outside the White House, before leaving for a trip to Louisiana.

    Among other things, President Trump said that trade talks with China were going well, and that it was likely that the two countries would reach an agreement.

    He also emphatically denied ever working for Russia, and said that the various White House staff members that had been fired were all "bad cops", and that he had done the country a service by getting rid of them.

    Finally, he said that the Democrats were the reason why the federal government remained shut down, and were responsible for government employees not being paid.