BBC chief correspondent Gavin Hewitt tweets:

Theresa May has launched her campaign to succeed David Cameron as British Prime Minister. 

The UK's current account deficit was £32.6bn in the first quarter, according to the Office for National Statistics, external. That's down just slightly on the final quarter of 2015.

The current account is a broad measure of the UK's financial position in relation to the rest of the world and includes trade and investment flows.

The UK has run a current account deficit in every year since 1983, according to the ONS.

It means that the UK relies on borrowing from overseas to cover the shortfall, something that the markets have been relaxed about. But some wonder whether that will remain the case if the UK leaves the European Union.

IHS economist Howard Archer comments:

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Joe Rundle, head of trading at ETX Capital, says the blue-chip index is stuffed full with big international firms that do not depend on - or reflect - the UK economy despite their London listing.

"There is a key distinction. UK-focused firms are doing much, much worse. EasyJet, Lloyds, Barclays, RBS, Barratt, Taylor Wimpey – they’ve all recorded 20% losses since the Brexit vote. 

"If the likes of Vodafone, EasyJet and others start to head abroad – as they have intimated they may do – the FTSE 100 starts to look a lot less like a powerhouse of a global index and more like a weak domestic one.

"If Britain cannot secure enough access to markets to remain attractive as a place for big global firms to headquarter, we all suffer."

BBC Business Live

IG Design is one of the largest companies in the international gift packaging market.

It makes Christmas crackers, which historically were just a British tradition.

Paul Fineman, chief executive of IG, explains that's no longer the case.

BBC World Service

Lest we in the west forget that billions of people still do not have access to the internet - but that is slowly changing, as Newsday reports:

Connor Campbell at Spreadex says the rebound for the FTSE 100 has been impressive.

Transport correspondent Richard Westcott tweets:

Richard Westcott
Transport correspondent

Speaking of Heathrow, the BBC understands that the Government will defer a decision on airport expansion until a new leader is elected. That makes a promised decision this year much less likely.

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Given the political turmoil in the UK, it seems unlikely there will be a decision anytime soon about a new runway for the South-East of England. Business is not happy about that prospect.

Mike Cherry, national chairman of the Federation of Small Businesses, says that is very disappointing: "We held a major consultation with small businesses up and down the country supporting the work of the Airports Commission. The final report backed our calls for regional connectivity and improved surface access.

“The Brexit decision makes today's further postponement all the more frustrating. Government should be getting back to business, taking forward a major infrastructure project which would have boosted exports, jobs and growth across the UK."

BBC Breakfast

The BBC's Steph McGovern, external visits a bakery in Bolton that employs hundreds of workers from Eastern Europe. One tells Steph: "I feel like alien here".  

Tune in to BBC News Channel and BBC World for Business Live:

After such a strong rise yesterday to its highest level since April, some profit-taking on the FTSE 100 was probably inevitable and the blue-chip index has slipped 15 points, or 0.2%, to 6,345 points in the first minutes of trading.

It's a similar picture on the FTSE 250, which is down 0.4% at 15,935 points. The index is still almost 8% lower than it was a week ago.

Today Programme
BBC Radio 4

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Graphene is a wonder material first isolated by researchers at the University of Manchester in 2004. Shares in Graphene Nanochem - one of the companies seeking commercial applications - were suspended yesterday after the company said it could not publish accounts on time.

James Baker, graphene director at the university, tells Today that it's still fairly early days for the material, but we are now seeing "real advance for applications". It's possible to buy tennis racquets and fishing rods that have some graphene in them, for example.

Hear that interview and the rest of today's business coverage with Dominic O'Connell's on Today here. 

Well done to reader Simon Rainbow who comes up with a name for the first batch of wine to come from the vineyard of tennis champ Novak Djokovic:

Serb-ignon blanc.

Any other ideas to: bizlivepage@bbc.co.uk

BBC Radio 5 Live

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Tomorrow is the first anniversary of the release of the Davies Commission report, which recommended that Heathrow should be the site of a new runway for the South East of England.

"Heathrow will never get delivered in my lifetime," says Stewart Wingate, chief executive of Gatwick on 5 live.

He argues that Gatwick is the only realistic option for the new runway and does not think Brexit will have a big impact on his business, which is expecting "very strong" passenger figures this year.

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For most of the day, Japan's Nikkei looked like it would continue its strong gains from that past days but at the end of trade it was just 0.1% higher. 

Still, it's the fourth day of gains for the Japanese stock market and it did set the tone for the rest of the region. Australia's ASX/200 closed 1.8% higher and the Kospi in Seoul finished 0.7% up. 

Chinese markets are still trading and Hong Kong is up 1.5% while the Shanghai Composite is currently flat. 

Brexit is being seen as an opportunity to break up BT, external, according to the business section of The Times today. Regulator Ofcom has been unwilling to split the broadband network, OpenReach, from the rest of the business for fear of intervention from European regulators. However BT's rivals are now pressuring the regulator to make the move given that European regulation is less of a concern.

The Telegraph reports, external that French President Francois Hollande has warned that London will no longer be the centre of euro-denominated clearing, which would be a big blow to the City. European regulators have been pressing to bring the processing of euro-denominated trades into the eurozone, says the report.

Also from the Telegraph: New Zealand is offering trade negotiators, external to the UK, to help with the tricky upcoming negotiations with the European Union and other nations.

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Nearly all large US banks have passed this year's so-called stress test, with only US operations of Deutsche Bank and Santander failing. 

The Fed's annual test is designed to judge whether banks operating in the US can weather a major economic downturn. 

Banks that pass the test are effectively getting a green light to raise dividends or repurchase shares. 

Santander and Deutsche Bank had failed last year and the Fed said that "broad and substantial weaknesses" persisted in the lenders' capital planning.