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Summary

  1. Get in touch: bizlivepage@bbc.co.uk
  2. The online scrapbook site Pinterest is expected to price its initial public offering later today
  3. Chinese economy grows by 6.4%
  4. Danone on track despite falling sales
  5. Apple and Qualcomm settle legal battle

Live Reporting

All times stated are UK

  1. Good night

    That's all from the Business Live page for tonight. Please join us again on Thursday from 06:00.

  2. Sotheby’s raises $1m for Notre Dame

    Château Mouton Rothschild vintages

    Deep-pocketed wine lovers in London raised nearly $1m this morning for the rebuilding of Paris' Notre Dame Cathedral, CBS News reports.

    Sotheby's auctioned off 25 five-bottle cases from one of the world's most prestigious wine producers, Château Mouton Rothschild.

    The sales were originally meant to raise money for the restoration of the Palace of Versailles.

  3. Assassin's Creed gift to help Notre-Dame

    Notre-Dame cathedral as it appears in the Assassin's creed game
    Image caption: Notre-Dame cathedral as it appears in the Assassin's creed game

    The maker of the Assassin's Creed games will donate €500,000 ($565,000; £433,000) to the reconstruction of the fire-damaged Cathedral of Notre-Dame.

    A digital version of the building, which featured in its 2014 release Assassin's Creed Unity, was modelled over a period of 14 months.

    The company told the BBC that it would share the design with the French authorities, if requested.

    "We would be happy to help," said a spokesman.

    Notre-Dame fire: Assassin's Creed gift

    Notre-Dame cathedral as it appears in the Assassin's creed game

    Ubisoft is to donate money and offer use of its digital reconstruction of the cathedral.

    Read more
    next
  4. Foxconn founder's unorthodox backer

    Terry Gou

    The founder of iPhone-maker Foxconn has announced he will run for president of Taiwan.

    But the billionaire's motivation came from an unusual source, Bloomberg reports.

    68-year-old Terry Gou says a sea goddess urged him to stand.

    What's even more mind-boggling is that his company employs more than a million people in China.

    The full profile is well worth a read.

  5. Wall Street edges lower at close

    New York Stock Exchange interior and US flag

    The three key US stock indexes closed slightly lower on Wednesday - dragged down by a fall in healthcare shares

    The Dow Jones was at 26,449.54, a fall of 3.12 points or 0.012%.

    The S&P 500 ended the day at 2,901.67, down 5.39 points or 0.19%.

    And the tech-heavy Nasdaq was at 7,996.08, 4.15 points or 0.052% lower.

  6. Lyft effect drags down Pinterest price

    NYSE

    Why is Pinterest, which could list on the NYSE as soon as Thursday, likely to be valued at around $10bn - less than the $12bn it was valued at during its last funding round?

    The conservative pricing may be down to the lacklustre performance of this year's first bumper tech IPO - Lyft

    The $25bn IPO soon turned sour, with Lyft's shares falling to just $56, from a high of $88, and as Theodore Schleifer writes for Recode, the company is being seen as a bellwethers for other tech flotations:

    "Rightly or wrongly, it is the barometer for the tech IPO market right now. Other soon-to-IPO companies are watching it closely to judge whether the waters are safe for wading, or whether it’s better to wait another month or three."

  7. Porn age-checks come in July

    adults

    An age-check scheme designed to stop under-18s viewing pornographic websites will come into force on 15 July.

    From that date, affected sites will have to verify the age of UK visitors.

    If they fail to comply they will face being blocked by internet service providers.

    But critics say teens may find it relatively easy to bypass the restriction or could simply turn to porn-hosting platforms not covered by the law.

    Read more here.

  8. 'Why I write fake online reviews'

    Iain Taylor

    "I've learned never to rely on reviews for anything," says Iain Taylor, from East Sussex.

    In his spare time and to supplement his income, the 44-year-old writes fake online reviews in exchange for money and free products.

    "I have written reviews from numbing creams to eBooks to downloadable independent films," he says.

    "I think it's bad - but I think everyone's doing it," says Mr Taylor, describing himself as "cynical".

  9. Do we need a robot to tidy our homes?

    Video content

    Video caption: The robot that tidies up bedrooms

    It's a simple job for a human, but surprisingly tricky for a robot.

    A company in Japan is trying to teach a pair of machines to bring order to the chaos of child's bedroom, using the same artificial intelligence it uses for self-driving cars and smart factories.

  10. Apple and Google block video sharing app in India

    Tik Tok app

    Apple and Google have removed TikTok, which allows users to create and share videos, from their app stores in India.

    The move follows a ruling by the Madras High Court, which ordered its removal from app stores over concerns that it was being used to spread pornography.

    India's top court on Tuesday refused an appeal by its owner, Chinese company ByteDance, to suspend the order.

    TikTok has more than 120 million users in India but has faced criticism from some for hosting inappropriate content.

  11. CNBC: Facebook wants its own Siri

    Facebook is working on a voice assistant to rival the likes of Amazon’s Alexa, Apple’s Siri and the Google Assistant, according to CNBC.

    Apparently the social media giant has been working on this since 2018.

    View more on twitter
  12. Ivanka Trump wraps up Africa visit

    Larry Madowo

    BBC Africa Business Editor, Abidjan

    US Presidential Adviser and President Trump's eldest daughter, Ivanka Trump, is wrapping up her four-day trip to the continent here in Ivory Coast.

    She has been on a mission to promote women's economic empowerment with symbolic visits in her first stop in Ethiopia as well as here.

    View more on twitter

    Ms Trump is due to speak this afternoon at the inaugural Women Entrepreneurs Finance Initiative (We-Fi) West Africa Regional Summit.

    She will be joined by leaders of the African Development Bank, the Islamic Bank and the World Bank, as well as American senators Lindsay Graham and Chris Coons, and the head of the US development agency, USAid.

    View more on twitter

    While she has got a warm welcome from officials in Ethiopia and Ivory Coast, there has been criticism of Ms Trump's trip.

    Some have brought up the derogatory comments about Africa reportedly made by President Trump:

    And a comment piece in the Guardian newspaper suggesting that Ms Trump is not interested in advancing reproductive rights of women has got some attention:

    View more on twitter
  13. Argentina plans price freeze

    Macri

    President Mauricio Macri has announced an economic plan which will see retailers freeze prices of 60 items considered essential, such as drinks, oil, rice and meat, Reuters reports. Transport and telecommunication fares will also be frozen until September.

    The government is losing its battle against inflation.

    Yesterday it was announced that Argentina’s inflation rose to 4.7% in March and is now at 11.8% this year.

    The measures announced today go against what Mr. Macri promised he would do, which is to liberalise the economy, and are similar to those implemented by his predecessor and rival Cristina Fernandez de Kirchner.

    Analysts say Mr. Macri is taking desperate measures to revive the economy ahead of October’s presidential election. Many believe Mrs. Kirchner is staging a comeback.

  14. Central bank chiefs issue climate warning

    Carney

    As climate change protesters gather in London landmarks, the heads of two major central banks have written a stark warning about the financial risks of global warming.

    Bank of England governor Mark Carney (pictured) and France's François Villeroy de Galhau set out the dangers to the global economy in an open letter.

    "If some companies and industries fail to adjust to this new world, they will fail to exist," they wrote.

    Mr Carney and Mr Villeroy de Galhau describe "the catastrophic effects of climate change" already having an impact on the planet, such as "blistering heatwaves in North America to typhoons in south-east Asia and droughts in Africa and Australia".

    They say that "these events damage infrastructure and private property, negatively affect health, decrease productivity and destroy wealth".

  15. Political involvement in Jet suspension

    India's Ministry of Civil Aviation (MoCA) has release a statement on Twitter regarding the Jet Airways temporary suspension.

    It says the "Secretary MoCA" will be convening a meeting with airports and airlines tomorrow, "to coordinate and address any emerging issues on capacity, slots and passenger convenience."

    The move comes in the middle of India's national election and the BJP ruling party has tried to avoid the collapse of Jet Airways, fearing its impact on its campaign and questions around job losses.

    View more on twitter