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Live Reporting

Daniel Thomas

All times stated are UK

  1. Good night!

    That's all from Business Live for tonight - thanks for reading.

    We're back tomorrow at 06:00, so do join us then.

  2. New record highs for Wall Street

    Congress broke their deadlock to end the three-day government shutdown and helped send Wall Street to fresh record highs on Monday.

    The Dow Jones Industrial Average gained 0.5% to 26,209.2, while the S&P 500 rose 0.8% to 2,832.9, while the Nasdaq added almost 1% to 7,408.

  3. BreakingNetflix reels in subscribers

    Claire Foy and Matt Smith star in The Crown
    Image caption: Claire Foy and Matt Smith star in The Crown

    Netflix added more international subscribers than expected in the fourth quarter as the streaming service provider kept viewers hooked with critically acclaimed shows such as The Crown and Stranger Things.

    Netflix signed up 6.36 million subscribers outside the US, compared with analysts' estimate of 5.1 million, according to data and analytics firm FactSet, bringing the total to 8.33 million.

    Shares jumped almost 8% in after hours trading in New York after touching a record $227.79 on Monday.

  4. Macron's charm offensive

    Emmanuel Macron

    Europe's biggest software company, SAP, says it will spend up to €2bn investing in French start-ups.

    Emmanuel Macron is on a charm offensive to attract more foreign investment to France, and the German firm made its announcement after some 140 business leaders held talks with the president at the palace of Versailles (pictured).

    After the same meeting, Facebook said it would also boost investment in France while Google boss Sundar Pichai promised to open four AI research hubs:

    View more on twitter
  5. Bacardi takes control of Patron tequila

    Patron tequila

    Bacardi, which happens to be the world's biggest privately owned spirits company, is buying the company that makes the top-selling high-end tequila for just over $5bn.

    Bacardi took a significant majority stake in Patrón Spirits a decade ago and the two companies have worked closely together since then.

    The deal makes Bacardi the top spirits maker in the "super-premium" segment of the US market and the second largest spirits company in market share by value.

    Bacardi also owns brands including Grey Goose vodka, Bombay Sapphire gin and Dewar's Scotch and was founded in Santiago de Cuba in 1862.

  6. Latest Greece debt relief package agreed

    Greek flag

    Eurozone finance ministers have approved another 6.7bn euros in bailout cash for Greece after Athens pushed through fresh economic reforms.

    It is the latest tranche of Greece's third financial rescue package since 2010, as the country recovers from a severe debt crisis that almost brought down the euro.

    EU Economic Affairs Commissioner Pierre Moscovici said 2018 would be "a decisive year for Greece".

    "This will be the year when Greece finally leaves this long period of financial assistance, marked by very hard tests for the Greek people, but which allow Greece to emerge stronger and more resilient."

  7. L'Oreal hijab model pulls out of campaign after backlash

    Amena Khan

    UK beauty blogger Amena Khan says she's pulling out of a L'Oreal campaign.

    In a post on Instagram she says she's stepping down from the campaign "because of the current conversations surrounding it".

    Her decision follows the discovery of tweets she wrote in 2014, which have been branded as "anti-Israel".

    It comes just days after she told Newsbeat she was delighted to be the first woman in a hijab to be part of a mainstream advert for hair care.

    Read more

  8. Murdoch tells Facebook to pay up

    Rupert Murdoch

    Media mogul Rupert Murdoch has called on Facebook to pay "trusted" news publishers a fee for posting their content in a similar way to the model used by cable TV companies.

    Murdoch's News Corp owns newspapers including the Times and the Sun in the UK and the Wall Street Journal in the US.

    His remarks come days after Facebook chief executive Mark Zuckerberg said the social media firm would prioritise "trustworthy" news in its feed by identifying high-quality outlets and fighting misinformation.

    "Facebook and Google have popularised scurrilous news sources through algorithms that are profitable for these platforms but inherently unreliable," Mr Murdoch said. "The remedial measures so far proposed by Facebook and Alphabet Inc's Google were "inadequate, commercially, socially and journalistically."

  9. More than 10% of new cryptocurrency 'gets stolen'

    A bitcoin

    More than 10% of funds raised through initial coin offerings are lost or stolen in cyber-attacks, research by Ernst & Young suggests.

    The consultancy analysed more than 372 ICOs, in which new cryptocurrencies like Bitcoin are distributed to buyers, and found about $400m (£286m) of the total $3.7bn raised to date had been stolen.

    It comes amid a cryptocurrency investing craze, with young companies raising hundreds of millions of dollars online to fund their projects, and speculators driving prices up to dizzy heights.

    Paul Brody, a blockchain expert at EY, said: “We were shocked by the quality of some of the white papers, we see clear coding errors and we see conflicts of interest between the companies issuing tokens and the community of token holders.”

  10. Grayling: no guarantees

    Susan Hulme

    Parliamentary correspondent

    Carillion crane

    Transport Secretary Chris Grayling says he "can't give an absolute guarantee" that there will be no delays or cost increases to major transport projects following the collapse of Carillion.

    However, he told MPs on the Commons Transport Committee that workers - including apprentices - were being transferred to other providers in projects across the rail network, Highways England and the HS2 rail project.

    Mr Grayling said he did not believe any work had been halted beyond "two or three days", adding: "What I've seen so far gives me comfort that a very major investment programme is going to continue largely unchanged."

  11. Video content

    Video caption: Davos explained: In 90 seconds

    The World Economic Forum kicks off its meeting in Davos, and this year Donald Trump will be among the attendees.

  12. Dollar flags

    A dollar note and pound coin

    The dollar is still flagging despite Republicans and Democrats approving a temporary funding bill that halts the US government shutdown.

    The greenback has lost 0.7% against the pound to £0.71640 and 0.2% against the euro to 0.81670 euros.

    The Senate vote to approve the temporary bill was 81-18 - although it still has to grant final approval of the bill and send it back to the House of Representatives for a vote.

  13. BreakingKPMG staffers charged

    KPMG sign

    The US Securities and Exchange Commission and Justice Department have charged former staffers at a US audit watchdog, alleging they gave confidential data to KPMG to help the company clear regulatory inspections.

    The charges allege that former officials at the Public Company Accounting Oversight Board told KPMG about upcoming inspections of the company's audits, beginning in 2015 and continuing until February last year.

    Three former staff members at the Board, some of whom later joined KPMG, were charged, as well as three KPMG executives who allegedly encouraged the use of stolen information.

  14. Jaguar Land Rover to reduce production at Halewood

    A range rover

    Britain's biggest carmaker Jaguar Land Rover will scale back production at its Halewood plant later this year in response to weakening demand.

    The Indian-owned firm said the temporary move was due to Brexit and tax increases on diesel cars.

    Jaguar Land Rover's sales in Britain and Europe were flat in 2017 and it expects tough conditions to continue, the company's sales director said earlier this month.

    The plant near Liverpool builds Range Rovers and is one of three Jaguar Land Rover production sites in Britain.

  15. Dow hits record high

    The Dow Jones index has set a new record high after US senators reportedly reached a deal to halt the government shutdown.

    It ticked above 26,153.42 before slipping back to 26,151.15 .

  16. BreakingSenate deal 'to halt government shutdown'

    The Capitol building

    US Senate Democractic leader Chick Schumer says he has come to an arrangement with Republican leader Mitch McConnell on a funding bill that will end the government shutdown.

    News of the temporary deal lifted US stocks. The Dow is up 3%, the Nasdaq 0.7%, and the S&P 500 0.4%.

  17. FTSE 100 closes lower

    Man looks at share chart

    The FTSE 100 has closed 0.3% lower at 7,708.82.

    The biggest faller was Paddy Power Betfair, which like other gaming companies was hammered by reports that the maximum stake on fixed-odds betting terminals would be slashed.

    Other fallers included pest control business Rentokil, down 3.1%, and data business Relx, which lost 2.8%.

    The FTSE 250 was almost flat at the bell, at 20,647.34, although betting firm William Hill lost 10.5%.