The 10 things to watch in business on Tuesday September 22

George Osborne wants closer ties with China; Apple plans to release its first car in 2019; UK public sector borrowing figures are coming

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The Independent Online

1. Britain's Chancellor George Osborne will urge closer business ties with China as he visits Shanghai, the country's commercial hub, on Tuesday. He declared that the UK and China will "stick together", despite stock market turmoil and faltering economic growth in the world's second-largest economy.

2. The August figures for government borrowing are coming at 9.30 am UK time. Analysts are expecting a deficit of £8.65 billion ($13.42 billion) this month after a surplus of £2.069 billion ($3.21 billion) in July.

3. BT says 10 million homes will have access to ultra-fast broadband 5 years earlier than planned, as it makes its case to stop break-up.

4. The South Korean government said that it will start an investigation into Volkswagen's (VW) diesel cars after the automaker admitted to rigging emissions tests in the US.

5. French nuclear giant Areva and power utility EDF have asked Japan's Mitsubishi Heavy Industries to invest in Areva's reactor subsidiary, the Nikkei business daily reported on Tuesday.

6. Peanut Corporation of America’s former chief, Stewart Parnell has been jailed for 28 years in the US for his role in a national salmonella outbreak linked to nine deaths.

7. Music streaming service Deezer plans to carry out a flotation on the Paris stock exchange by the end of the year, it said on Tuesday, in a bid to keep up with larger rivals Apple and Spotify.

8. Apple plans to release its first car in 2019, according to a report from The Wall Street Journal.


9. Sergei Pugachev, the man who used to be known as "the Kremlin's banker," is suing Russia for over $10 billion over the state's appropriation of his assets.

10. Dairy Crest expects £80 million sale of dairies to Muller to go through by the end of the year – in meantime it will support farmers facing particularly tough time.