Hello, I'm Manuel Saragoza. Welcome to Business Daily from the BBC. Coming up, as Prince

Harry and Meghan Markle resigned from their roles as senior royals in the British royal family,

we ask, does a monarchy ever serve an economic purpose? Monarchies were much better than

republics are protecting property rights. And that translated into higher standards of living for the population

because we all know that markets develop faster

and the economy is always more dynamic when property rights are well protected.

Plus what Prince Harry and Meghan Markle might do next.

If you look at Prince Charles, he launched Dutchie originals

and he launched Highgrove, which are both luxury product brands with everything from biscuits through to perfume.

I think actually creating product brands is not necessarily a bad thing in itself.

It's the way they do it.

That's all here in Business Daily from the BBC.

There was a big resignation in the business world yesterday.

Willie Walsh, chief executive of International Airlines Group, which owns British Airways,

announced he would step down.

But that's not what everyone was talking about.

They were far more concerned with another resignation.

Harry and Megan, have this morning dropped a Bombshell announcing they are stepping back as senior members of the royal family and working to become financially independent.

Harry and Megan do a step-trip as led of the Brits' Coningshouse.

The prince Harry and the woman of Megan announced today that they're going to

make a condition of

members of

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