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Air France KLM has reported higher passenger traffic for June.

The company - which has been battling disruption caused by strikes and uncertainty over its management structure - said the group overall carried 9.3 million passengers in June, up 3.7% from a year ago.

The overall load factor, a measure of the extent to which an airline has filled its planes, rose to 89.3% in June from 87.7% last year, it said.

The company is still hunting for a new chief after the abrupt departure of Jean-Marc Janaillac in May

Today Programme
BBC Radio 4

While she is pleased with the Cabinet's agreement on a future Brexit deal, CBI director general Carolyn Fairbairn says:"This is an area where the devil really is in the detail. If it adds cost and burden and complexity that will make our businesses less competitive, that won't work so we're waiting to see the detail on that.

"But the commitment to frictionless trade at borders...is a step forward but we must build on it because we only have 265 days to go now and only two months to agree this with the European Union."

Today Programme
BBC Radio 4

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Are Brexit negotiations heading in the right direction? Does the current proposal prohibit the UK from striking trade deals with nations outside the EU?

Carolyn Fairbairn, director general of the CBI, tells BBC Radio 4's Today programme: "What is very clear is that the number one priority for British firms in terms of trade is the European Union - it is almost universally the case.

She says: "There will be a time when the benefits of free trade deals internationally could outweigh European trade, but it's not yet. Our argument is unless and until you have an alternative way of reaching frictionless trade, a customs union is the right answer so we think broadly this is going in the right direction."

Today Programme
BBC Radio 4

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Carolyn Fairbairn, director general of the CBI, says that David Davis's resignation as Brexit Secretary is "a blow".

She tells BBC Radio 4's Today programme: "One of the things that business welcomed on Friday was finally cabinet unity. That inability to take decisions over several months had become a huge challenge in terms of uncertainty so that is a blow this morning.

Ms Fairbairn adds: "It is all going to be about what happens next because actually there were real rays of light in the conclusion from Friday - the free trade area for goods, the fact that there was real recognition of the importance of free trade and frictionless trade.

"There were gaps as well [like] services and the customs position is not clear. But it is all about what happens next and how we build on momentum because we are in a race against time."

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Wake Up To Money

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David Davis' resignation as Brexit Secretary came after the publication of Theresa May's Brexit deal.

Mr Davis said: "The general direction of policy will leave us in at best a weak negotiating position, and possibly an inescapable one."

But Steven Martin, director general of the Institute of Directors told Wake Up To Money: "We welcomed the deal that was put forward on Friday because it showed that the Cabinet was united behind it and it set out a clear vision of where the Prime Minister wanted to go with the deal."

Keen readers will be aware that entrepreneur Elon Musk last week offered to help rescue the boys and football coach trapped in a cave in Thailand.

Over the weekend, the boss of SpaceX and Tesla, proffered using a submarine to retrieve the captives.

In the end, the Thai authorities have gone with a different technique and have so far rescued four boys. Still, thanks for the shout out Mr Musk!

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Wake Up To Money

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Rail operators Thameslink and Northern are preparing to launch a third new timetable in the wake of travel chaos seen on the network. What's going on?

Tony Miles from Modern Railways magazine told Wake Up To Money that: "It's clear that the timetables introduced for Thameslink and Northern in May can't work at the moment partly because not enough crew members have been trained to drive over the routes but also getting used to the logistics of a very big increase in train services."

He said that some services are being taken out of the timetable to give some breathing room between trains but it's hoped they will be reintroduced by December.

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Australian billionaire James Packer has resigned from the board of his family's company Consolidated Press Holdings (CPH), according to media reports.

He resigned as director of his casino empire Crown Resorts Limited in March due mental health issues.

At the time, a CPH spokesman said the businessman intended to step back from "all commitments."

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Wake Up To Money

Could sterling rally when the UK leaves the EU next March as some analysts have been predicting?

Sue Noffke, fund manager at Schroders, told Wake Up To Money: "There's a lot of water to go under the bridge until we get to next March.

"When we get more clarity and Brexit actually happens, we could see more confidence express in stronger sterling, but I don't know from what level we'll be talking about that."

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Shares in Chinese smartphone maker Xiaomi dropped some 6% at the beginning of its first day of trading on Hong Kong's stock market.

The world's fourth-largest smartphone maker raised $4.7bn (£3.5bn), valuing the company at $54bn - just over half the target it set earlier this year.

As the first of many Chinese tech firms to list in Hong Kong in 2018, it marks a disappointing start for the sector.

Chinese stocks have fallen recently in the lead up to the US-China trade war.

Welcome to today's Business Live page. We'll be looking at the impact on the markets and the pound of David Davis's resignation as Brexit Secretary last night.

We're not expecting any major results today, but we will be bringing you all the latest breaking business news as it happens.