Of the fiercest in the game live from glasgow. First, heres ray to kick us off with the news headunes. Headlines. Thank you both. Good thank you both. Good afternoon. 12 01. Our top stories. The chancellor is stories. The chancellor is defending the british job market despite rising unemployment figures released today across the uk, unemployment rose by 0. 1, reaching 4. 3 in july. Meanwhile Job Vacancies fell to below a million. Jeremy hunt says that remains, quote, below many of our international peers. Meanwhile the average growth in pay meanwhile the average growth in pay remained at a record high of 7. 8. Shadow Business Employment and levelling up secretary Justin Madders says more needs to be done. There are strong economic headwinds that have been troubling the economy for some time, but i think one of the things were very clear about is the only way we are going to get out of this this mess weve been in really for 13 years now. Weve with stagnant growth is to actually turbo ch
Sending shares higher. Ocado shares spike as the online retailer offers a tie up to grow its ecommerce business. And socgen says it will close about 15 of its banks as the french bank looks to cut costs. Well speak to the cfo at 14 00 cet. The uks largest lenders passed stress testing with flying colors. The bank of england indicated none of the banks it tested needed to raise additional capital. Rbs and barclays who fell short last year boosted capital to a sufficient level the bank of england also said banks could withstand a disorderly brexit, but governor mark carney hoped for a transition agreement soon. The time of achieving a transition agreement, the sooner the better i wont put an end date on it. Any transition period will be valuable we signaled back in june of this year some major risks around derivatives, around insurance, around data, around other aspects of the Financial System, these crosscutting issues, we provided weve done a lot of work since then and provided conside
And its Rate Decision day in the uk today will we see a split in the vote to raise rates after a week of strong inflation data and falling unemployment numbers . What will it mean for rates . And from fishmonger to anti establishment media mogul well be speaking to the man behind the register website about hisjourney, and how he competes with the likes of facebook and google. And as the bank of england issues its new £10 note with jane austen on the back, we want to know, is cash still king for you . Do you still use cash . Let us know just use the hashtag bbcbizlive. A p pa re ntly apparently we have to give that £10 note note back, so no coffee on sally later. Exactly ten years ago today the bbc broke the news that high Street Lender Northern Rock had been forced to ask the bank of england for help. What happened next was an Early Warning that the Global Financial crisis was in meltdown. Those events prompted major changes in the Financial Services industry, but some say the subseq
Europe at the start of the trading day, interesting moves following the record highs from the us on friday. Spinning a profit out of silk. Well speak to the Company Creating sythetic spider threads to make stronger and more sustainable fabrics. In china, we want to know, do you still use a camera . Or is it all about taking snaps with your smartphone . Just use bbcbizlive. Photos and a smartphone . You would never catch me taking a selfie hello and welcome to business live. Janet yellen is currently the worlds most powerful central banker, but her days could be numbered. Thats because us President Donald Trump says he will tell us this week who he wants to be the chair of the Federal Reserve come february. Whoever gets the job will have a huge influence on the worlds biggest economy, and therefore the rest of the world too. And they will also be vital to mr trumps plans for the us economy. Ms yellen could get another four year term but seems likely to be replaced, so who are the front
Main markets in europe, all eyes are on the bank of england later for its decision on Interest Rates. And well be getting the inside track from one of the worlds biggest Computer Software companies on how it keeps everything from banks to transport systems and the internet running despite offering its products for free. Today, we will be speaking to the boss of one of the worlds biggest softwa re boss of one of the worlds biggest Software Companies. We want to know if you are willing to pay extra for technical support, or even for the knowledge that you are secure . Get in touch, use the hashtag. Hello and welcome to business live. Welcome to the programme. We start with the worlds Biggest Social Network it keeps getting bigger, more profitable. And more controversial. Facebook has announced record profits and another big jump in the number of people using it. That will only fuel the debate about the power of the network and the content that appears on it. Mark zuckerbergs company made