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Live Reporting

By Dan Ascher

All times stated are UK

  1. Good night

    Off-air symbol

    That's it for tonight - thanks for reading.

    We'll be back bright and early at 06:00 tomorrow with all the latest breaking business news and analysis.

  2. Facebook’s Libra pitches to be the future of money

    Rory Cellan-Jones

    Technology correspondent

    Facebook's online purse

    It is a hugely ambitious - some might say megalomaniacal - project to create a new global currency. Facebook's David Marcus tells me it is about giving billions of people more freedom with money and "righting the many wrongs of the present system".

    The message is this is not some little side project a small team at the Facebook's Menlo Park headquarters will try out for a few months before moving on to something else - this is both the future of Facebook and the future of money, an initiative that has seen an alliance of big players in payments such as Paypal and Visa, Silicon Valley players such as Uber and Lyft and major venture capital firms, a kind of Avengers: Endgame of technology and finance superheroes come together to make the world a better place.

    Read more here.

  3. Should waiters have to pay if you skip out on a bill?

    Waiter in a restaurant

    Sarah wasn't even in the building when a table she had been serving left without paying - but she still had to cover £50 of the bill.

    She had left the restaurant 30 minutes earlier, however, her manager told her she would have to split the £100 bill with the other server.

    "I was absolutely furious," she tells the BBC.

    "I broke my back for that company, working 12-hour shifts up to six days a week. I felt so undervalued."

  4. US markets close higher

    US markets rose today after the European Central Bank indicated that it may be willing to cut interest rates and President Trump revealed plans to meet Chinese President Xi Jinping.

    Investors were hopeful that the Federal Reserve will lay the groundwork for a US rate cut later in the year in an announcement on Tuesday.

    That sent the Dow Jones Industrial Average was up 354 points at 26,466 . Meanwhile, the tech-heavy Nasdaq was up 109 points to finish the day at 7,953 and the S&P 500 was up 30 points at 2,919.

  5. 'Struggling to make ends meet'

    Merline Chambers

    Merline Chambers says it is a struggle to make ends meet each month.

    She works at the government's Department for Business, Energy and Industrial Strategy (BEIS) and is campaigning to be paid the London living wage.

    "It's a struggle to make ends meet from month to month," she says.

    A worker in the coffee shops inside the government department, she is one of the 100 or so members of the Public and Commercial Services union (PCS) who are striking to be paid at least the London living wage of £10.55 an hour.

    The workers assembled outside the BEIS building in central London tell the BBC they are paid between £8.21 - the statutory National Living Wage - and other levels under £10.

  6. Javid and Hunt pledge to cut tax for lower earners

    From the Tory leadership debate

    Sajid Javid says he would focus tax cuts on "working people" through the basic rate of income tax. These people have been under "too much pressure", he says.

    Jeremy Hunt also says he would like to "reduce the tax burden on the lowest paid".

    He says eventually he would like people to be able to pay £1,000 a month without having to pay any income tax or national insurance.

    They're setting themselves against Boris Johnson - up shortly - who's already announced an aspiration to cut taxes for higher earners.

  7. Stewart: Now not the time for tax cuts

    More from the Tory leadership debate

    Rory Stewart

    Rory Stewart says the other candidates have pledged tax cuts that would cost £84bn a year.

    He says he doesn't think this is "the time to be cutting taxes", with public services under "huge pressures".

    He has a pop at his rivals suggesting they are dreaming up policies to get through 'the next 15 days".

  8. Dish Network in $6bn talks with Sprint and T-Mobile

    Satellite dish

    US satellite TV company Dish Network is in talks to buy assets from T-Mobile's US arm and its rival Sprint for at least $6bn (£4.8bn), according to Bloomberg.

    The two mobile companies are offloading some of their pre-paid wireless internet brands in order to win regulatory approval for a $26.5bn deal that would see T-Mobile acquire Sprint.

    Bloomberg said a deal with Dish could be announced as soon as this week but the news wire stressed that an agreement had not been finalised.

  9. The White House considered demoting Fed chair

    Jerome Powell

    Earlier this year, White House lawyers investigated the legality of unseating Federal Reserve chairman, Jerome Powell, according to Bloomberg.

    The legal advisers to Donald Trump reportedly looked at whether it was possible to demote Mr Powell, who has been repeatedly criticised by the President.

    Mr Trump reportedly wanted to fire Mr Powell and has attacked the Federal Reserve for undercutting his economic and trade policies. “I’m not happy with what he’s done," Trump told ABC News last week.

    The Fed is expected to leave interest rates unchanged in an announcement tomorrow, however investors hope Mr Powell will lay the groundwork to cut rates later this year.

  10. Brexit: What trade deals has the UK done so far?

    Reality Check

    Liam Fox, Swiss Economic Minister Guy Parmelin and Liechtenstein's Minister for Foreign Affairs shaking hands

    As a European Union member, the UK is automatically part of about 40 trade agreements that the EU has with more than 70 countries.

    If the UK leaves the EU without a deal it would lose these trade deals immediately - which are worth about 11% of total UK trade.

    To avoid this, Theresa May's government says it wants to replicate the EU's trade agreements "as far as possible" and have them ready to go in the event of a no-deal Brexit.

    So how much progress has been made?

    Find out here.

  11. How the Tory leadership race stands after second vote

    Graphic showing Boris Johnson in the lead
  12. BT to raise TV fees by up to £48 a year

    BT office

    BT plans to increase the cost of its TV and sport packages by up to £48 per year.

    The firm said some customers won't be affected by the price hikes but others will see their bill increase by between £1 and £4 per month. It added that those affected by the fee increase could cancel their TV contracts without paying a penalty.

    And Dani Warner from price comparison site uSwitch thinks some "may well vote with their feet".

    “BT’s legion of customers will be hit hard by these rises, with just a few pounds a month very quickly adding up and potentially proving costly in the long run."

  13. FTSE closes higher


    The FTSE 100 saw its best single day gain in more than four months today after the European Central Bank chief Mario Draghi pledged to lower interest rates and boost spending if inflation failed to pick up.

    The FTSE 100 climbed 1.2%, or 85 points, to close at 7,443. Meanwhile, the FTSE 250 - which is often seen as being more representative of the wider UK economy - gained 0.8%, or 154 points, to close at 19,312.