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New rules around how personal injury claims are calculated are a lose-lose for firms and consumers, says Richard Hunter of Wilson King Investment. 

He expects insurance companies "will look to take some of this on the chin, but ultimately it is going to get passed on to the consumer". Car insurance premiums could go up by as much as £75 annually. 

In addition, Mr Hunter says insurers such as Direct Line and Admiral are set to see hefty profit falls.

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Japanese car-parts maker Takata has pleaded guilty to a criminal charge of concealing dangerous defects in its airbags (a number of which exploded). 

As per a settlement drawn up in January , the company agreed to pay a $1bn penalty including compensation for victims and affected carmakers. 

The faulty airbags have been linked to at least a dozen deaths and more than 100 injuries worldwide. Most major carmakers have been affected by the fault, with about 100 million Takata airbags recalled globally.

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Samsung's heir apparent Lee Jae-yong is to be formally indicted on multiple charges including bribery and embezzlement, South Korean prosecutors said on Tuesday. The indictment is expected later in the day. 

The de facto boss of the South Korean conglomerate had been arrested earlier this month as prosecutors prepared the indictment. 

The case is tied to the scandal which led to the impeachment of the country's president, Park Guen-hye.

Samsung is accused of giving donations to non-profit foundations operated by Choi Soon-sil, a friend of Ms Park, in exchange for government favours.

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Donald Trump's plans to grow the US economy at 4% annually are unlikely to succeed, says John Bogle who founded Vanguard, the world's second largest investment group, in the 1970s.

The lifetime Republican told Wake up to Money: "There are certain limits, irrespective of whoever sits in the White House."

He also said that while reducing regulation was a "reasonable thing to do", erecting trade barriers would be "madness" and reducing immigration would be "harmful" to the US economy. 

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US President Donald Trump gives his first speech to Congress later - and according to Richard Hunter of Wilson King Investment Management, there is "one big question".

"If you reduce tax, increase defence spending and increase infrastructure spending, then how are you going to pay for it all?"  

He says Mr Trump could well promise new taxes on imports to fund his plans, but we are still likely to get a lot more "headlines than details" from the address.

Good morning and welcome to Business Live. 

Coming up, the Commons International Trade Committee will be taking evidence from Colin Lawther, senior vice president of manufacturing at Nissan, about the UK's trade options after Brexit.

It's the British Chambers of Commerce's annual conference, and shadow chancellor John McDonnell, Business Secretary of Greg Clark, and Foreign Secretary Boris Johnson will all be giving speeches.

And we'll have results from bakers Greggs, insurers Direct Line and builders Taylor Wimpey.