Summary

  • Black Friday shopping spree starts

  • Retailers report surging sales

  • ONS: Business investment up since June

  • Heathrow expansion 'will breach emissions limits'

  • Get in touch: bizlivepage@bbc.co.uk

  1. A new realitypublished at 16:07 Greenwich Mean Time 25 November 2016

    Hal, Deep Thought, Holly...some of the scariest, profound and most peculiar intelligent computers in fiction.

    However, it seems creating a computer that works like a human brain is no longer a fantasy.

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  2. Dow Jones extends post-election risepublished at 15:59 Greenwich Mean Time 25 November 2016

    Just had an interesting note in from Spreadex, which points out that the Dow Jones industrial average has risen by 1,200 points since the US election results were announced.

    Financial analyst Connor Campbell says: "In and of itself that is astonishing; the fact it comes following the biggest political shock in decades AND before a near certain rate hike from the Fed is something else entirely."

    The Dow Jones is currently trading up 55.26 points at 19,138.44.

    Dow Jones
  3. JLR fuels hopes of jobs boostpublished at 15:39 Greenwich Mean Time 25 November 2016

    BBC Coventry & Warwickshire

    Land RoverImage source, Getty Images

    The chairman of Warwick Manufacturing Group says he is sure that “more than 10,000 jobs” will be created if Jaguar Land Rover expands to manufacture electric vehicles and batteries in Coventry.

    Lord Kumar Bhattacharyya said related technology is currently being worked on at the University of Warwick.

    He said the secretary of state, Greg Clark, gave his assurances that the government would look at the plans very seriously, because "in order to make the batteries and cars we need the power supply, which there is a shortage of in this area".

    But he denied the proposals were linked to the government's recent deal with Nissan, saying production of this technology had been forced to move abroad because of a lack of infrastructure.

  4. Secrets of the skiespublished at 15:24 Greenwich Mean Time 25 November 2016

    It takes a lot of people to keep us all safe when we're up in the air.

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  5. Black Friday Macy's stylepublished at 15:07 Greenwich Mean Time 25 November 2016

    BBC News Channel

    Michelle Fleury at Macy's

    New York business correspondent Michelle Fleury is braving the crowds inside the huge Macy's department store in central Manhatten.

    It's been open since 5pm New York time on Thursday - and, even though it was Thanksgiving, traditionally a time for staying at home with the family, 16,000 people went through the doors to try to snap up bargains

    Handbags, clothing, accessories and toys are proving particularly popular, says Michelle. Retail sales and consumer spending in the US are both on the up and that has made people in the retail industry optimistic that this is going to be a good holiday season for them. 

    However, the store's boss told her that the strong dollar has deterred some overseas shoppers. And in particular, it seems, the weak pound has meant there have been fewer British visitors this year.

  6. Tata Sons removes chairmanpublished at 14:54 Greenwich Mean Time 25 November 2016

    Cyrus MistryImage source, Getty Images

    The Tata Sons saga is heating up again.

    The business, which is the holding company for Tata Conglomerate whose interests include Tata steel, Jaguar Land Rover and Tetley Tea, has decided to replace Cyrus Mistry as its chairman.

    The board has also convened an extraordinary general meeting on 21 December to remove Mr Mistry as well as Nusli Wadia as directors.

    O P Bhatt, independent director on the board of Tata Steel and former head of State Bank of India, has been elected as chairman of the board until the outcome of the EGM.

  7. Wall Street steams aheadpublished at 14:40 Greenwich Mean Time 25 November 2016

    US flagImage source, Getty Images

    The S&P 500 and the Dow have opened at new record intraday highs, helped by gains in healthcare and consumer stocks at the start of the holiday shopping season. 

    The Dow Jones rose 0.25% to 19,130, the S&P 500 was 0.14% higher at 2,207 points, while the Nasdaq edged up 4 points at 5,384 points.

  8. Saudi Aradia sidesteps pre-meeting talkspublished at 14:31 Greenwich Mean Time 25 November 2016

    Oil; fieldImage source, Getty Images

    Saudi Arabia, the world largest oil producer and lead member of the Organization of the Petroleum Exporting Countries, has decided not to attend discussion with non-Opec nations ahead of a key meeting next week.  

    According to Reuters, the meeting in was planned to discuss the contribution that producers outside OPEC will make to capping oil production.   

    OPEC oil ministers meet on Wednesday to finalize the deal.

    The price of Brent crude edged down to $48.53 a barrel. US oil also fell to $47.56 a barrel.

  9. How to salve buyer's remorsepublished at 14:19 Greenwich Mean Time 25 November 2016

    Shopping on Black FridayImage source, Getty Images

    Already feeling bad about your Black Friday buys? Experiencing an irresistible urge for a Cyber Monday splurge?  

    Fear not, there is something on the way to help salve your guilt - Giving Tuesday! 

    It was started in America five years ago as a kind of antidote to rampant consumerism and the Charities Aid Foundation (CAF) brought it to Britain in 2014.

    CAF says 1,500 businesses and charities are taking part next Tuesday. Getting involved should help temper that buyer's remorse.

  10. Amazon: 'Customers snapping up deals'published at 14:07 Greenwich Mean Time 25 November 2016

    Online retail giant Amazon has said customers having been "snapping up lots of... deals."

    Amazon UK manager Doug Gurr said: “Our Alexa devices, Echo and Echo Dot, are among our top-selling Black Friday deals today."

  11. Lufthansa strike to affect Saturday flightspublished at 13:43 Greenwich Mean Time 25 November 2016

    LufthansaImage source, Getty

    Lufthansa's pilot strike is set to spill into tomorrow, the German carrier has said. 

    The firm canceled 830 short- and medium-haul flights on Friday, but said a further 137 long-haul flights scheduled for Saturday would also be ditched - affecting 30,000 more passengers.

    Only Lufthansa's own-branded flights will be affected, not those of other airlines in the group including Eurowings, Germanwings, Swiss and Austrian Airlines. 

    Lufthansa has cancelled more than 2,600 flights since pilots first went on strike on Wednesday over pay. 

  12. Black Friday kicks off stateside...published at 13:27 Greenwich Mean Time 25 November 2016

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  13. Jaguar Land Rover plugs inpublished at 13:06

    Jaguar Land RoverImage source, Reuters

    The Financial Times is reporting, external that Jaguar Land Rover plans to create 10,000 UK jobs and build electric cars in the Midlands. But, as is often the case, the story appears to be slightly more nuanced.  

    Jaguar Land Rover chief executive Ralf Speth has "confirmed his vision to double the production output of the business, make electric vehicles in the UK and the desire to make the UK a global centre of excellence for battery research and development". 

    However, the car maker adds: "This is dependent on overcoming infrastructure and capacity issues. We cannot comment on quoted job numbers or a timeframe."

    That all clear then?

  14. BHP Billiton and Vale Sa commit funds to Samarcopublished at 12:55 Greenwich Mean Time 25 November 2016

    Aftermath of Samarco disasterImage source, Getty Images

    Miners BHP Billiton and Vale have approved $181m to fund remediation and compensation programmes at the Samarco iron ore mine in Brazil.

    The two firms have also each extended credit lines of $115m to Samarco, where a dam collapse in 2015 caused a deadly mudslide and polluted a river.  

    BHP said the funding would be offset against a $1.2bn provision it agreed to in June. 

    In October, the company said it hoped to have contained the waste that spewed from the mine by the end of 2016.

  15. AirAsia results up on load factors says Tony Fernandespublished at 12:44 Greenwich Mean Time 25 November 2016

    Tony FernandesImage source, Reuters
    Image caption,

    Tony Fernandes has been seen as Malaysia's answer to Richard Branson.

    Tony Fernandes, group chief executive of Asia’s biggest low-cost airline, AirAsia, tells the BBC that efficiently packing people onto planes was one of the main reasons for the firm’s positive quarterly results.

    Mr Fernandes said the airline had seen an 89% load factor in Malaysia – their highest ever capacity utilisation in a quarter.

    He also said lower oil prices had been a major factor in the falling costs for the airline.

    Net profit for the three months to the end of September was 353.9m Malaysian ringgit ($79.57m; £63.89m), versus a net loss of 405.7m Malaysian ringgit a year earlier.

    As the firm tries to consolidate its operations across Asia, Mr Fernandes said it had plans to launch an initial public offeringfor a holding company that would encompass all its Association of South East Asian Nations (ASEAN) operations.

    “We’ve been trying to consolidate our operations and operate more like easyJet or Ryanair in Europe,” he said, “and obviously we have ownership restrictions in each ASEAN country, so we’ve been [trying to see] if we can create an ASEAN holding company where all the economic interests are in that [company].”

    Mr Fernandes said in the interim they would consider dual listing the airline in Hong Kong, a move that would be the first step to creating a new holding company.

    The firm’s Malaysia-listed shares were up more than 7% in afternoon trade on Friday.  

  16. Toying aroundpublished at 12:36

    Business presenter Sean Farrington tweets:

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  17. Real sinkspublished at 12:28

    Daniel Gallas
    BBC South America business correspondent

    real notesImage source, Getty Images

    Brazil’s currency has lost 2% in value against the dollar in today’s trading. Analysts say investors are seeking protection against a new crisis in the government of President Michel Temer. 

    Last night, a former minister accused Mr Temer of pressuring him into helping another minister in a personal business deal. Brazil’s currency had already lost about 8% of its value this month after the election of Donald Trump as US president.

    Mr Temer is leading a number of reforms to recover the country’s economy, which is facing a deep recession.

  18. Up in the airpublished at 12:21

    BBC World Service

    Media caption,

    The tricks to keeping sharp in a vital 24-hour service.

    For anyone who's been glued to their computer, tablet or phone today searching for bargains, here's some tips for keeping sharp for a 24-hour service where mistakes could be disastrous.

    Neil May, head of human factors at NATS, tells the BBC how the company minimises human error in some of the busiest airspace in the world at their control centre in Swanwick.  

  19. Chilling stuffpublished at 12:10 Greenwich Mean Time 25 November 2016

    Today Programme
    BBC Radio 4

    Media caption,

    The Iceland government is taking the grocery chain to court over the use of its name

    Today talks to Lilja Alfreồsdòtti, Iceland's foreign minister about why the country is taking legal action about Iceland (the supermarket), and the chain's joint managing director, Nick Canning. 

  20. Not so black and white?published at 12:02 Greenwich Mean Time 25 November 2016

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    But Samuel Tombs of Pantheon Macroeconomics tweets:

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