Bbc news business live

Here is the latest news from BBC News Business Live:

Top Stories

  1. UK economy grows at fastest pace in 10 years: The UK economy has grown at its fastest pace in over a decade, according to official figures. The Office for National Statistics (ONS) said the economy expanded by 0.8% in the three months to July, driven by strong consumer spending and business investment.
  2. FTSE 100 hits new high: The UK's leading stock market index, the FTSE 100, has reached a new high, driven by the strong economic growth figures and optimism about the global economy.
  3. Amazon to create 2,000 new UK jobs: Online retail giant Amazon is to create 2,000 new jobs in the UK, as it expands its operations in the country. The new roles will be based at Amazon's warehouses and offices across the UK.

Market Updates

  1. FTSE 100: 7,562.50 (+0.5%)
  2. DAX: 12,444.50 (+0.3%)
  3. S&P 500: 3,463.50 (+0.2%)

Business News

  1. EasyJet to cut 4,000 jobs: Budget airline EasyJet is to cut 4,000 jobs, or around 15% of its workforce, as it tries to reduce costs and adapt to the impact of the pandemic on the travel industry.
  2. HSBC to cut 35,000 jobs: Banking giant HSBC is to cut 35,000 jobs, or around 15% of its workforce, as it tries to reduce costs and focus on its core business.
  3. Boohoo to buy Debenhams: Online fashion retailer Boohoo has agreed to buy the UK department store chain Debenhams, in a deal worth £55m.

Economy

  1. UK inflation rate falls to 1.8%: The UK's inflation rate has fallen to 1.8%, its lowest level in over two years, according to official figures.
  2. UK unemployment rate falls to 4.1%: The UK's unemployment rate has fallen to 4.1%, its lowest level in over 45 years, according to official figures.

Company News

  1. Tesco to sell its Polish business: Tesco is to sell its Polish business to the Polish retailer, Biedronka, in a deal worth £220m.
  2. Vodafone to sell its Indian business: Vodafone is to sell its Indian business to the Indian telecoms company, Aditya Birla Group, in a deal worth £4.4bn.
  3. GlaxoSmithKline to buy out Pfizer's stake in their joint venture: Pharmaceutical company GlaxoSmithKline is to buy out Pfizer's stake in their joint venture, in a deal worth £3.7bn.

Please note that the news and market updates are subject to change and may not be up to the minute.