Summary

  • Vauxhall owner 'not shutting plants'

  • Jaguar Landrover boss 'worried' over Brexit

  • German industrial orders fall

  • UK non-food sales fall says BRC

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

  1. Hacked off?published at 16:08 Greenwich Mean Time 7 March 2017

    BBC technology correspondent tweets

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  2. Microsoft 'investigating' email issuepublished at 15:48 Greenwich Mean Time 7 March 2017

    And here's Microsoft's - brief - statement about the problems some people are having with their email.

    Quote Message

    We are aware of reports that some users are having difficulty signing in to some services. We are investigating this issue.

    Microsoft spokesperson

  3. Global reports of Microsoft faultspublished at 15:32 Greenwich Mean Time 7 March 2017

    Microsoft logoImage source, Getty Images

    More on our earlier post that there are problems with Microsoft email.

    In fact there are multiple reports from around the world that various Microsoft services are suffering faults.

    The firm said it was looking into them.

    Outlook users, including those with Hotmail addresses, are reporting issues on social media and sites including  Down Detector, external  - with some saying their services are now returning.

    On the  Xbox Live platform, external  there is a message saying that Microsoft is aware of sign-in issues and is "working to resolve" them.

  4. MP calls for Bank's deputy governor to resignpublished at 15:21 Greenwich Mean Time 7 March 2017

    Charlotte HoggImage source, Bank of England

    More on the letter of apology sent by Charlotte Hogg, the Bank of England's newly appointed deputy governor (See post at 11:47am).

    Ms Hogg is facing calls to resign after she breached the Bank's guidelines by failing to declare that her brother worked for Barclays.

    In a letter to the Treasury Select Committee, Ms Hogg apologised for not formally disclosing that her brother was Barclays' group strategy director, which could conflict with her work on the Prudential Regulation Committee.    

    Now Treasury Select Committee member John Mann has called for her to resign. 

    "It is simply incredible that such a senior person at the Bank of England has behaved in this manner," Mr Mann said. 

    "Last week Charlotte Hogg proudly told this committee that she actually wrote the Bank's code of conduct which she has now admitted to repeatedly breaking. 

    "Not only has she compromised her current position and the Bank of England itself but, more importantly, she has failed under the key principles of the Nolan standards in public life and she has no excuse for doing so. 

    "This is simply a question about standards in public life and in this regard she has failed and must resign," he added. 

  5. Wall Street edges down at openpublished at 15:02 Greenwich Mean Time 7 March 2017

    Wall Street signImage source, Getty Images

    Wall Street has kicked off the day's trading - and all three key indexes have edged down. 

    The  Dow Jones  is at 20,910.82, a fall of 44 points or 0.2%.

    The  S&P 500  is at 2,368.55, that's down 7 points or 0.3%.

    And the tech-heavy Nasdaq  is at 5,835.67, that's 14 points or 0.2% lower. 

    The US Federal Reserve is expected to raise interest rates next week. 

  6. Pound under pressure?published at 14:51 Greenwich Mean Time 7 March 2017

    Quote Message

    The pound is again finding few friends on the currency markets today, marking fresh one-month lows against the euro and US dollar under €1.1525 and $1.22 this morning. Precise influences are hard to pinpoint but the pound’s progress is likely being kept in check amid lingering concerns the UK the economy is losing steam just as Brexit negotiations seem set to commence shortly. The euro itself has found some support after euro zone economic growth for the fourth quarter of 2016 was confirmed at 0.4%.

    Chris Saint , Senior analyst, Hargreaves Lansdown

  7. Weighing up the government's budgetpublished at 14:35 Greenwich Mean Time 7 March 2017

    A 'cracking' pre-Budget video spelling out how much the government spends and on what. 

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  8. Fast food Asian nations?published at 14:23 Greenwich Mean Time 7 March 2017

    BBC World Service

    What can fast food tell us about the changing global economy? This week Karishma Vaswani, the BBC's Asia Business correspondent, is taking a closer look at the history and the future of McDonald's in Asia. 

    For many the company is a symbol of globalisation and food. To globalise though, the company has had to localise, and with that comes challenges.

    From Beijing, to Hong Kong, to Delhi, The Food Chain programme explores the changing tastes of Asia, and what the future might be for a market many multi-national companies have set their sights on. It asks if the business model of franchising is still an effective way to export a food business. 

    And as countries modernise is it getting harder for a global brand to compete with local rivals?

    Media caption,

    What fast food can tell us about the changing global economy.

  9. Netflix 'working on content with alternative endings'published at 14:09 Greenwich Mean Time 7 March 2017

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  10. Problems with Microsoft emailpublished at 13:51 Greenwich Mean Time 7 March 2017

    Microsoft is being bombarded with complaints about its outlook email service.

    Here's their standard answer, with a link to their help desk.

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  11. Psychopathic traits can be useful in businesspublished at 13:37 Greenwich Mean Time 7 March 2017

    Ruthlessness, fearlessness, self-confidence and mental toughness - all part of the subset of "psychopathic" personality traits and, according to research psychologist Kevin Dutton of Oxford University, all important for successful business leadership.

  12. Airbus has a big ideapublished at 13:16 Greenwich Mean Time 7 March 2017

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    This is a bit nuts. Airbus and Italdesign have teamed up on what they call POP.UP.

    Apparently it's a "trailblazing modular ground and air passenger concept vehicle system".

    I think the key word there is "concept".

  13. Budget 2017: BBC editors make their predictionspublished at 13:02 Greenwich Mean Time 7 March 2017

    Media caption,

    Budget 2017: BBC editors make their predictions

    As the UK heads towards Brexit, government finances look in unexpectedly good shape. But does that give the chancellor room for tax cuts or spending increases?

    The BBC's business editor Simon Jack, economics editor Kamal Ahmed, and political editor Laura Kuenssberg give their views.

  14. Pound continues losing run against dollarpublished at 12:43 Greenwich Mean Time 7 March 2017

    Pound dollar

    The pound continues its recent losing streak against the dollar. It is down another 0.4% at $1.2192. The pound is now in its eight straight losing session, but is still some way from its low for the year of $1.2068.

    Some analysts think the pound could fall further, triggered by the start of the UK's exit talks from the European Union.

    "Market tension is starting to pick up again. The politics should be a catalyst, particularly if the negotiations start off on the wrong note," said Deutsche Bank strategist Oliver Harvey.

    "People have talked about a bounce back in sterling [since October], but really it has been a story of massive underperformance. It is the only major currency down against the dollar this year." 

  15. Schaeuble says EU 27 must 'stick together'published at 12:29 Greenwich Mean Time 7 March 2017

    Finance Minister Wolfgang SchaeubleImage source, Getty Images

    The 27 EU member states that will remain after Brexit must stick together in upcoming negotiations, Germany's Finance Minister Wolfgang Schaeuble has said.

    When negotiations finish, it should be clear that being on the inside has more advantages than being on the outside of the EU, he said.

    "Now it's important that we in the EU27 stick together," he said.

    Other EU countries should not be tempted to follow Britain out by thinking they could have the benefits of EU membership without meeting its obligations, he added.

  16. Quarter of buy-to-let-landlords plan to raise rentspublished at 12:17 Greenwich Mean Time 7 March 2017

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  17. Brazil's economy shrinks by 3.6% in 2016published at 12:08 Greenwich Mean Time 7 March 2017

    Daniel Gallas
    BBC South America business correspondent

    Man on bikeImage source, Getty Images

    Brazil’s economy contracted for the second consecutive year, marking one of the longest and deepest recessions in over a quarter of a century.

    The economy shrank by 3.6% in 2016, with 0.9% contraction in the last three months of the year. In 2015, the economy had contracted by 3.8%. GDP per capita fell by 4.4% in 2016.

  18. BMW head throws doubt on UK electric Minipublished at 11:56 Greenwich Mean Time 7 March 2017

    Simon Jack
    BBC Business Editor

    Ian RobertsonImage source, Getty Images

    The head of BMW sales and marketing has thrown further doubt over whether BMW will build an electric version of the mini in the UK.

    Speaking to the BBC at the Geneva Motor Show, Ian Robertson said,

    “Somewhere around the middle to the third quarter of this year we will decide where to build the electric mini and we have said all along that we would like to see the UK have tariff-free access to the single market. Its not the only consideration but it is a consideration."

  19. Hogg apologies for conduct breachpublished at 11:47 Greenwich Mean Time 7 March 2017

    Charlotte HoggImage source, Getty Images

    Charlotte Hogg, the Bank of England's newly appointed deputy governor for markets and banking, has admitted breaching the Bank's guidelines after she failed to declare that her brother worked for Barclays.

    She apologised to the Treasury select committee after telling them last week she had declared conflicts of interest to the Bank.

    "As Barclays Bank is regulated by the PRA, under the Bank's internal code of conduct and personal relationships policy, I should have formally declared my brother's role when I first joined the Bank. I did not do so and I take full responsibility for this oversight."

    She will now write to the Monetary Policy Committee, the Financial Policy Committee and the Prudential Regulation Committee setting out her brother's role. He is director of group strategy at Barclays.

  20. Eon dual-fuel prices to rise 8.8% in Aprilpublished at 11:25 Greenwich Mean Time 7 March 2017

    Eon has said it is to increase its standard variable dual fuel prices by an average 8.8% from Wednesday 26 April.

    Standard electricity prices will increase by an average of 13.8%, and standard gas prices will increase by an average of 3.8% .

    Eon chief executive Tony Cocker said costs for programmes such as the Renewables Obligation (RO) and Electricity Market Reform (EMR) had increased.