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Business live
Flights at Luton airport suspended until at least 3pm after fire; Birkenstock to float in New York
Live  
Flights at Luton airport suspended until at least 3pm after fire; Birkenstock to float in New York
IMF/World Bank meetings under way in Marrakech
Headlines
Revealed  
Thousands who bought ‘golden passports’ through Dominica’s $1bn scheme
Thousands who bought ‘golden passports’ through Dominica’s $1bn scheme
Luxury rooms and a swim-up bar  
Hotel with funding from Dominica’s golden passport scheme
Social media  
Companies urged to act on violent content after Hamas attack
Elon Musk  
EU warns X owner over ‘disinformation’ on platform about Hamas attack
Easy Life  
Pop group forced to change band name amid dispute with easyJet owner
US  
Sam Bankman-Fried trial: ex-girlfriend says he directed her to commit crimes
Sport  
Tycoons Ratcliffe and Wolff share in £75m dividend from Mercedes-Benz F1 team
Amazon  
Staff in Coventry to strike for four days including Black Friday
Washington Post  
Newspaper to cut 240 jobs after ‘overly optimistic’ projections
Qantas  
Chair Richard Goyder to retire from role but unions criticise exit as too slow
Borrowing and debt  
Bank of England flags concerns over longer mortgages and rise in credit card use
Netflix  
UK subscriber growth slows to lowest since British launch
Trouble brewing  
Climate crisis will make Europe’s beer cost more and taste worse, say scientists
Rail transport  
Night train extended to link Brussels and Amsterdam to Prague
Today's agenda
Luton airport closed last night after a large fire, and all flights were suspended. 

The fire ripped through a multi-storey car park, causing it to collapse.

All flights at the airport are suspended until 3pm, it said in a statement.

It is Britain’s fifth-busiest airport after Heathrow, Gatwick, Stansted and Manchester, and it handled 13.3 million passengers last year, according to the Civil Aviation Authority.

Today Birkenstock, the orthopaedic 250-year-old German shoe brand, is to float on the New York stock market. 

The sandal maker priced its shares at $46 before its first day of trading, giving the company a market valuation of $8.6bn (£7bn). The shares start trading later today.

In financial markets, the FTSE 100 index in London is broadly unchanged at 7,632, up only four points.

The other main European bourses are in the red, with Germany’s Dax down 0.3%, France’s Cac losing 0.8% and Italy’s FTSE MiB flat.

Oil prices are pushing higher on concerns that the war between Israel and Hamas and rising tensions in the region could affect the output of major producers. Brent crude hit $89 a barrel on Monday and is trading 0.6% higher at $88.17 a barrel at the moment. US crude is up 0.6% at $86.46 a barrel.

Gas prices have also retreated after yesterday’s increase, when UK gas jumped 15% and European gas soared 16% after the gas pipeline “Baltic Connector” between Finland and Estonia started leaking.

Extensive damage to an undersea gas pipeline and communications cable connecting Finland and Estonia “could not have occurred by accident” and appears to be the result of a “deliberate … external act”, Finnish authorities have said.

The agenda
• IMF/World Bank annual meetings in Marrakech
• 1.30pm BST: US producer price index for September
• 7pm BST: US Federal Reserve minutes of last meeting

We’ll be tracking all the main events throughout the day ...
Opinion
Analysis  
‘Securonomics’: five key business messages from Labour conference
‘Securonomics’: five key business messages from Labour conference
Labour is right: billions were lost to Covid fraud, and the public deserve a reckoning
 
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Media
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Presenter to quit This Morning ‘for me and my family’
Presenter to quit This Morning ‘for me and my family’
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Australian journalist released after three years in Chinese detention
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Live  
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