Pound approaches post-Brexit low against euro
FTSE 100 slumps 1.32%
Shadow chancellor McDonnell pledges £10-an-hour national wage
US golfer Arnold Palmer's sports marketing legacy
Monarch Airlines denies it faces imminent collapse
Some reaction to John McDonnell's proposal
Image source, Getty Images"It would mean very difficult decisions for many small businesses," says Dr Adam Marshall, of the British Chambers of Commerce.
"They would have to look at their business models. They may have to reduce their workforce, shift jobs overseas or look to automation."
What do you think? Drop us a line at bizlivepage@bbc.co.uk
Image source, ReutersDeutsche Bank has said something in public about its perceived problems, which have led to a further slump in its share price today.
A bank spokesman said that "at no point" has chief executive John Cryan asked German Chancellor Angela Merkel to intervene in the mortgage mis-selling issue with the US Department of Justice.
The spokesman added: "This question is not on our agenda: Deutsche Bank is determined to meet the challenges on its own."
You may recall that a couple of weeks ago the Department of Justice asked Deutsche Bank to pay $14bn (£10.6bn) to settle an investigation into the mis-selling of mortgage-backed securities, in the run-up to the 2008 financial crash.
The FT says: "German magazine Focus reported that Chancellor Angela Merkel has ruled out providing any state aid for the bank."
BBC correspondents on John McDonnell's Labour Party conference speech
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Image source, ReutersShadow chancellor John McDonnell has vowed to "shake up how our major corporations work" if Labour comes to power.
Sir Philip Green, the retail billionaire who was blamed for the collapse of BHS by MPs, is one of the main targets in Mr McDonnell's sights.
"There’ll be no more Philip Greens under Labour and we will legislate to rewrite company law to prevent them," the shadow chancellor told his party's annual conference.
Labour plans to introduce a law to ban companies taking on excessive debt to pay out dividends to shareholders. It also wants to legislate so that every takeover proposal has a clear plan in place to pay workers and pensioners.
Image source, ReutersLabour is promising to write a "real living wage" into law, which it suggests will be over £10 an hour, if it wins the next election.
The Conservative government introduced a National Living Wage from 1 April which was set at £7.20 per hour, rising to £9 an hour by 2020.
John McDonnell, the shadow chancellor, told the party's conference: "Under the next Labour government, everyone will earn enough to live on."
A Labour government would set up a new Living Wage Review Body to set the living wage at "the level needed for a decent life", he said.
"This will be part of our new bargain in the workplace," he added.
Image source, AFPThe Chinese government has decided to say very little in response to the BBC story that Ken Rogoff, the IMF's former chief economist, believes a slowdown in China is the greatest threat to the global economy.
Geng Shuang, a China foreign ministry spokesman, said: "China would like to work with the world’s economic organisations - to enhance its co-ordination of macro-economic policies."
"Together we can improve the world economy so it can grow in a robust, sustainable and stable way.”
Image source, ReutersTiger Woods, Rory McIlroy and other top golfers in the modern game spent time with Arnold Palmer to learn how to build a business, according to a sports marketing expert.
"He was a great businessman. He had a great vision and he used to inspire people to work around him," Guy Kinnings, head of golf at IMG, the sports marketing firm which Mr Palmer worked with closely, said.
Even though he retired from the seniors tour in 2005, Mr Palmer continued to feature in lists of the top-ten highest earning golfers.
"It's a remarkable fact that a man in his 80s was one of the highest paid sportsmen in the world without there being prize money," Mr Kinnings told the Today Programme.
As well as his golf course business and corporate endorsements, the US golfer also gave his name to the Arnold Palmer drink, consisting of iced tea and lemonade.
Image source, PAProtestors demonstrating against fracking in Northallerton, Yorkshire in May this year
The Labour party, at its conference in Liverpool, has announced that it will ban fracking if elected to government.
The shadow energy secretary, Barry Gardiner, said: "Fracking locks us into an energy infrastructure that is based on fossil fuels long after our country needs to have moved to clean energy."
"So today I am announcing that a future Labour government will ban fracking," he explained.
Image source, MonarchReaders John and Wendy Hanton ask: "Due to fly on Monarch, 7 0ctober, should we book in online or not?"
We can only refer you to our latest update on the airline: "Monarch airlines says flights operating as normal."
The PGA Tour has paid tribute to the business achievements of Arnold Palmer, who they call "golf's first superstar".
"Arnold Palmer was perhaps the single most recognisable athlete on television and the big screen and was the first to capitalise on his image," it said.
"As a corporate spokesperson, Palmer effused a spotless personal reputation with a charming, relatable spirit that had captivated those on Madison Avenue since the 1960s."
His golf course design company has produced more than 200 courses worldwide, and he later turned his attentions to TV as a co-founder of the Golf Channel.
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Today Programme
BBC Radio 4
Shadow chancellor John McDonnell, who will speak shortly at the Labour party conference, earlier promised that Labour would "work with" wealth creators and entrepreneurs to "unlock" the UK's economic potential.
So what does he make of so-called "disruptive" technology companies like Uber? He explained to Mishal Husain on Today that governments needed to examine workers' rights.
St Andrews - home of The Open - has paid tribute to Arnold Palmer.
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And golf kit maker Callaway has added its thoughts.
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The US golfer, one of the game's greats, has died at the age of 87
Bill Wilson
BBC business reporter
Image source, Getty ImagesArnold Palmer was the first golf player to make $1m from playing the sport.
But he made much more than that from his many off course endorsements, putting his name to a variety of products and services, from United Airlines to Cadillac cars.
Nowadays it is commonplace for sports stars to put their names to commercial products.
But half a century ago such an association between sport and brands was ground breaking.
Palmer, in association with marketer Mark McCormack, were the trailblazers in breaking this new ground.
With his winning persona and looks, not to mention golfing ability, Palmer had shown that a sportsman or woman could make could make more from commercial deals than from prize money alone.
It is a legacy for which today's high earning stars, earning astronomical sums from their own deals, should be eternally grateful.
Image source, ReutersThe pound is approaching its lowest level against the euro since the Brexit vote.
It dropped below €1.15 amid growing concerns about a so-called "hard Brexit", which would see the UK leave the single market when it withdraws from the EU.
Sterling was at €1.1497 earlier - not far off the €1.146 low it hit in intraday trading in August.
Business correspondent Emma Simpson tweets:
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Image source, Getty ImagesNo good news for Deustche Bank today, as the troubled lender's shares sink another 5.5% to a new record low of €10.73. That brings the slide this year to more than 52%.
German magazine Focus reported on Saturday that Chancellor Angela Merkel had ruled out state assistance for the bank and rejected any interference in the ongoing US Department of Justice investigation.
The bank's chief regulatory officer, Sylvie Matherat, said on Friday that Deutsche is setting up a new compliance team, but that would take at least another year to complete.
Image source, APThe FTSE 100 is now down 1.3% - 87 points - at 6,821 points. Some analysts blame fears about the possibility that Donald Trump could still become US president.
Connor Campbell at Spreadex notes: "The first televised debate marks the point where Trump vs Clinton will be even more unavoidable than it already is, and therefore has reminded the market that the Brexit, US interest rates and China’s economic slowdown aren’t the only macro-issues out there to worry about."
BA owner IAG is one of the biggest fallers, down 2.8%, perhaps on the back of the fears about Monarch Airlines, which is not listed.
EasyJet is also down 1.4%, bringing the slide this year to a stonking 41%. Ouch.
Image source, Getty ImagesAmerican voters choose the next US president in little over six weeks and Hillary Clinton and Donald Trump go head to head in the first presidential debate tonight.
However, the technology some voters will be using is regarded by some as dated.
The US electronic voting system is about 10 to 15 years old and there's "a lot of consensus that it needs an upgrade", Antonio Mugica, boss of voting firm Smartmatic, tells Business Live on BBC World and the News Channel.
However, electronic polling is thought to be safe from hackers. In the 3.7 billion electronic votes that Smartmatic has processed, it's had no breaches.
IHS economist Howard Archer tweets:
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Image source, APAsian stock markets continued their downward slide to close lower on Monday.
They've gone backwards after rallying last week on the back of central bank decisions in the US and Japan to keep interest rates on hold.
The region's biggest market, Japan's Nikkei 225, ended the trading day down 1.3%.
In China, the Shanghai Composite fell 1.8% while Hong Kong's Hang Seng Index slid 1.6%.
South Korea's Kospi and Australia's ASX 200 both closed flat.
