Future but also how to finance. Yes its good to have you with us on business the socalled digital tax forces new fiscal regulations for Companies Like google amazon and facebook u. S. Treasury secretary steven. The organization of Economic Cooperation and development o. E. C. D. Against overhauling existing International Taxation rules but france sees that very differently. Right now global giants like amazon and google or facebook can decide themselves in which country they tax their profits or regulation the u. S. In particular would like to preserve paris wants profits that are made in friends to be taxed in france and its determined to enforce that. The american proposal for a solution in which Companies Choose whether to be taxed or not does not convince me if i havent seen a lot of companies that freely accept being taxed level is counted on everyones philanthropy but im not sure that with regard to Public Finance it goes a long way so an optional solution obviously will not be acceptable for friends or it so you see partners you the organization for Economic Cooperation and development is currently working on a proposal for an internationally agreed minimum tax for globally active companies in france plowed ahead this summer with its digital tax other countries like italy plan to follow suit and that has provoked the americans into retaliating with import tariffs on french products. You know your financial correspondent joining us for more yes the u. S. Is showing quite a lot of resistance to these possible taxation rules would it hurt American Companies that much is such a big deal. Well theres a lot of discussion going on 1st of all one of the ideas is that revenue and profits are supposed to get taxed and then well if francis starts the digits of texan the u. S. Corporations probably could deal with that but we also have other countries of the u. K. To lead canada are also having similar ideas so at the end the bill certainly would i mean were talking about a multi 1000000000. 00 companies and also washington is not always happy with their big firms from Silicon Valley but washington is basically saying if those Companies Get takes that should be within the United States and not brought if you look at the companies themselves so far we have not seen a huge reaction at least when it comes to the stock price an apple and google pretty much trading at an all time high the same is true for a company like facebook do stay with us because i want to discuss another important aspect today the u. S. Department of labor released its november jobs report with impressive figures on the labor market economy added 266000 jobs far more than expected the Unemployment Rate dropped to 3. 5 percent at 50 year low additionally figures for september and october were revised up confirming the u. S. Job market is solid as a rock that comes in handy as the u. S. Economy is facing several external threats. Lets go back to yen so yes of course needless to say this is a great treat for investors at the end of the week. Certainly is straightened out by more than 300. 00 points and basically we could cover more or less all the losses that were saw earlier this week when some concerns about the trade dispute was china put some pressure on the stock market this jobs report not everything is picture perfect but overall those were strong numbers actually expectations got beat by about 80000 jobs we had the health care the educational industry where we saw most of the gains and then on top of it we also had a very strong reading on Consumer Confidence the highest number in about 7 months and all of this actually did push the stock market further and now we have the fed meeting coming up next week on wednesday but no changes are expected specially those overall very solid economic numbers in the bank all right against carter in new york thanks for the analysis and we continue. One of the great advantages of similar right sharing apps is you know exactly who is driving you well at least thats what everyone thought now after several lawsuits were filed over Sexual Assaults against rival lyft has revealed how many reports of Sexual Assaults received in the u. S. In recent years the numbers are alarming. Report made for some sobering reading there were more than 3000 Sexual Assaults recorded last year 235 of them were of rape this out of a total of 1200000000 journeys 99. 9 percent of which was keen to point and did with that recorded incident the report which covers 20172018 is the 1st of its kind and comes just 2 weeks after it lost its license to operate in london after drivers using the app were found to have fakes their identity. And its not just super either rifle lift is also facing pressure over its Safety Record earlier this week 19 women filed lawsuits in San Francisco related to Sexual Assault or rape that happened in vehicles affiliated with the company. Whose hands touch we had woken up to him actually groping and touching. Both lift and increased screening and background checks for drivers. Lift has also pledged to release a safety reports of its own but experts say Sexual Assault often go under reported and that the problem could be far larger in scale than the figures suggest. The opec oil cartel and its allies have agreed to cut production by a further half a 1000000 barrels a day thats the equivalent of half a percent of global output the goal is to sustain prices as the Global Economy slows but the cuts are hard for many smaller opec members. Saudi arabia and russia call most of the shots when it comes to opec and its allies it was their Oil Ministers who opened fridays meeting calling 48500000 barrel Production Cut despite plenty of grumbling from some smaller producing nations the big players got their way in the end. Scenarios and options and have come to the conclusion that in order to balance the market 500000. 00 Barrels Per Day of additional cuts will be needed. As far as russia is concerned out of these 500000 barrels 70000. 00 barrels of additional cuts will be allocated to russia. There had been disagreements over how to distribute the latest cuts some countries like iraq and nigeria producing more than previously agreed saudi arabia reportedly threatened them with a massive production surge if they didnt stop cheating on their quotas during the press conference saudi arabias minister sugarcoated his message. I have to be very. Honest. Any of you. We had said weve been consistently. We see everybody committed. At one point even and gold as oil minister whose country has complied with its Production Cuts stormed out of the meeting thursday night apparently saying he wanted his country to quit opec but he cooled off and later returned with oil markets in their current state theres little surprise a deal was finally reached. The new Production Cuts take effect on january the 1st Oil Prices Rose sharply on the news. And we got bad news for the German Economy this friday fresh figures show Industrial Production in germany fell sharply in october total factory output in europes biggest economy fell 1. 7 percent compared to the previous month analysts had expected a rise of 0 point one percent year on year figure was also down by a whopping 5. 3 percent. To senegal now where the 4th annual dakar digital show is underway the event gathers startups and innovators with Clever Solutions for business and the african countries but as always one ingredient will be key to development investment. To the car digital show is brimming with ideas and Creative Solutions africa is in the process of developing into a global hope for startups entrepreneurs find plenty of opportunity to fill the gaps in Public Services with their ideas and projects people like maxie mendy is exhibiting a lamp powered by solar a charitable recycled computer batteries that. Theyre courting to the world bank 1300000000 people dont have access to electricity and at the same time 14000 tonnes of batteries are produced and thrown into the environment so we designed a solar lamp which would allow young people who live in areas with no electricity to do their homework after dark. The poor fellow devout in follow new dumble africas future belongs to the startups something western investors have finally woken up to last Year Investment in the sector quadruples to almost 750000000. 00 and next was like the one in the car or seeing visitor numbers or. Such i mean the 1st year in 2016 we had a little less than 800 participants on the following year we had 1500 last year we had more than 2000. 100 and this year over 3000. 00 with more and more exhibitors every year. By this time the majority of african entrepreneurs develop ops with a focus on finance Energy Supply has an agriculture. And thats all for this edition of business thank you very much for watching and stay up to date on the. Historical turning to politics business. The fear on the people of the islamic fascists. Making its initial search. Those strengths and states of emergency room he sinks into chaos. Such as. The peace. Corps. That defines overmatched. 19. Today small steps december 23rd double. Welcome to the euro max you tube channel. Goodbye no story. With exclusive insights. And a must see concerning arts and culture to ensure a. Place to be for curious minds. Do it yourself networkers. So subscribe dont miss out. Was the speech of his life perhaps his best certainly his most difficult chancellor helmut kohl and addresses the people of east germany shortly after the fall of the wall. The crowd clamors for german unity journalist peter lim borg was at the scene. 30 years later looks back on the. President. Starts december 19th w. L o m welcome to news from the world about some culture coming up in the next quarter and. This years legendary perelli calendar features hollywood stars posing as modern versions of shakespeares juliannes. Bringing the forest into a museum french artist a visual spawns are made believe it or not from kong. Box we begin with a look at the annual european film awards which take place this weekend here belin joining me is all film expert Adrian Kennedy who has all the details adrian some big european directors up for the big award yes Roman Polanski pedro and more and yoko said that for most of the heavyweights in the running polanskis film is historical drama about the dreyfus affair and motive oz is semi autobiographical and the most of course has this incredible restoration which has already won his lead actress coleman and. Lets have a look at those 3 top favorites for the top
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