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Live Reporting

By Tom Espiner

All times stated are UK

  1. Cheerio

    That's all from the BBC Business live page until next week. See you then.

  2. Uber founder's share selling


    Travis Kalanick, the founder of Uber, has sold about $578m (£450m) of shares over three days this week.

    That's according to calculations by Bloomberg, and he could sell more shares in the coming weeks.

    The sales have taken place following the end of restrictions on share sales in the company following its stock market listing in May.

  3. General election 2019: Does £80,000 put you in the top 5% of earners?

    Reality Check

    A member of the audience on last night's Question Time on BBC One criticised Labour's policy of raising income taxes for people earning over £80,000 on the grounds that it wouldn't be enough to put them in the top 5% of earners.

    "I am nowhere near in the top 5%, let me tell you, I'm not even in the top 50%," he said.

    Presenter Fiona Bruce said Labour, "would raise income tax on those earning over £80,000. You're saying that would affect you because you earn over that sum?" The man confirmed he did.

    Read more here.

  4. FTSE closes higher


    London's FTSE 100 jumped more than 1% and recouped almost all losses from the past two sessions, as investors were cautiously optimistic about a China-US trade deal.

    The main index's surge was led by trade-sensitive shares, including HSBC, oil stocks and miners, while the export-heavy FTSE 100's gains were also bolstered by a fall in the pound after UK's PMI data was worse-than-expected.

  5. Meaden: 'Pleased' Gripit rescue deal approved

    Jordan Daykin

    Here's Deborah Meaden, one of the Dragon's Den stars, on the company voluntary arrangement (CVA) for Gripit:

    "I’m very pleased that the CVA has been approved and that the future of this great little product is secured thanks to the work of the team at Gripit and the support of creditors and investors," she said.

    Jordan Daykin (pictured), who invented his building product when he was 13, left the company in the summer.

    Steven Wiseglass, a director at insolvency specialists Inquesta, advised on the restructuring.

    He said: "I am pleased the creditors have approved the proposed CVA, which will enable the company to continue to trade and keep its products in the supply chain, and provide a platform from which it can grow with a reduced cost base."

    Future operations have been outsourced to DIY firm Charles Bentley & Son.

    Gripit had raised funds through Crowdcube and shareholders have been complaining on the crowd sourcing platform about their losses.

  6. Job losses at Dragons' Den firm

    Jordan Daykin secured funding from Dragons' Den's Deborah Meaden
    Image caption: Jordan Daykin secured funding from Dragons' Den's Deborah Meaden

    A firm founded by the youngest entrepreneur to secure investment on the BBC's Dragons' Den has cut jobs under a rescue deal agreed with creditors.

    Jordan Daykin was 18 when he appeared on the programme to pitch his Gripit Fixings which makes a product designed to fix heavy items to plasterboard.

    The business, formally known as UK Building Product, will continue to trade after agreeing a company voluntary arrangement (CVA) - which allows debts to be removed from companies and for them to continue to trade.

    Existing shareholders will inject £300,000 into the company, among them entrepreneur Deborah Meaden, who invested £80,000 for 25% of the company when he appeared on the show.

    Nine people are losing their jobs at the Wiltshire-based company, leaving just a few in their roles.

  7. QT tax row: 'I'm not in the top 5% of earners'

    Video content

    Video caption: Question Time tax row: 'I'm one of the people Labour will tax more'

    A Question Time audience member, who revealed he earns over £80,000, criticised Labour's taxation promises.

  8. Trump edges closer to China trade deal

    Donald Trump

    US President Donald Trump is also talking about the US-China trade war, following comments from his Beijing counterpart earlier.

    President Trump has told Fox News in the US that a deal with China is "potentially very close".

    The President said he told Chinese Premier Xi Jinping "this can be an even deal".

    The world's two largest economies have been in a tit-for-tat tariff battle for more than a year.

  9. In need of some extra cash for Christmas?

    Google Pixel phones

    Google is raising its "reward" for uncovering security flaws in some of its Android smartphones from $200,000 to a maximum of $1.5m.

    The new top "prize" is payable to those who spot bugs in the Titan M security chip in Google's Pixel smartphones, as well as meeting specific criteria.

    Google said it had paid out more than $4m to security researchers since 2015.

    But security experts have doubts about whether the reward will deter people from making money from criminals.

    Read more.

  10. M&S rehires clothing boss


    Marks & Spencer has named a new director for its crucial clothing and home range.

    Richard Price is currently chief executive of Tesco's clothing range but had worked until M&S until 2012 when he joined BHS.

    He said: "M&S clothing & home is a great business which still has strong brand affection and huge potential. I left the business because I felt it was drifting in the wrong direction but I now feel we have a real chance to make it special again".

  11. Oil firms shun Aramco share sale

    Aramco customers and fellow oil firms around the world were expected to buy shares in the company. They haven't, and the company will rely on pension funds and retail buyers instead.

    Malaysia's Petronas follows Russia's second largest oil producer Lukoil in shunning the share sale.

  12. China 'not afraid' to keep up US trade war

    Chinese leader Xi Jinping

    The Chinese Premier Xi Jinping has said he is "not afraid to fight back" in its ongoing trade war with the United States, but hopes to reach an initial deal with Donald Trump soon.

    The world's largest two economies have been locked in a tariff tit-for-tat for than a year.

    Mr Xi told former and current US diplomats, as well as other dignitaries gathered at Beijing's Great Hall of the People: "As we always said, we don't want to start the trade war, but we are not afraid".

  13. How times change

    Andrew Walker

    World Service economics correspondent

    Christine Lagarde is a central banker calling on governments to spend more. That’s an economic technocrat with no re-election to worry about speaking to politicians who do.

    How times change. It's particularly striking in the case of the eurozone.

    It’s not so long ago that the big priority was to get government borrowing down – although there are plenty of economists who say it was done too quickly.

    It must be said the pressure in that earlier episode was on different countries: for example, Italy, Spain and Greece.

    Today the calls to open the spending taps are aimed most of all at Germany, along with some others which have strong government finances.

    It's a sign of how the eurozone’s problems have changed.

    Then it was a financial crisis that, at times, threatened the existence of the currency union. That danger has passed and now the eurozone is struggling with a different challenge of weak economic growth aggravated by the conflict in international trade.

    It needs a different response.

  14. Germany may be Lagarde's focus

    Andrew Walker

    World Service economics correspondent

    Christine Lagarde

    As mentioned earlier, Christine Lagarde, president of the European Central Bank, has called for eurozone governments to do more to stimulate the economy.

    In her first speech since taking up the role, she said public investment was a particularly important part of the response to the current challenges.

    The Eurozone economy is growing but weakly. The ECB has ultra low interest rates and other policies intended to stimulate stronger growth.

    But Christine Lagarde, the new ECB president, wants governments to do more, and the tensions in global commerce are part of the reason.

    She said there is an important role for government spending on investment, for a future that is, as she put it, more productive, more digital and greener.

    She did not name any specific countries but the obvious - though not the only - target is Germany whose public finances are strong enough to give it room to increase spending.