Todayis today is a big win for European Citizens and tax injustice. Trouble in the pipeline . The price of oil tumbles below 70 a barrell for the first time since 2021 as concerns grow about the state of the world economy. It relates to how two apple subsidiaries in ireland were treated for Tax Purposes between 1991 and 2014. Ireland has a low corporate Tax Rate of 12. 5 but its been accused of so called Sweetheart Deals with certain companies allowing them to pay a much lower rate. The Decision Cant be appealed apple said its disappointed with the decision and accused the European Commission of trying to retroactively change the rules. Here is what the Eu Competition Commissioner had to say. There commissioner had to say. Is a bigger picture, our investigation there is a bigger picture, our investigation has decisively contributed to a Mind Shift and change in attitude amongst member states, they have helped to trigger and accelerate regulatory and legislative reform. Take ireland, to
Breaking news from here in the uk. Opposition mps in parliament have failed to block Government Plans to cut Winter Fuel payments for millions of pensioners. A total of 348 mp5 backed the government, with 228 supporting the opposition motion. It means the government won the vote with a majority of 120. As a result, an estimAted 10 Million pensioners wont get the payments to help with their winter heAting. Lets speak to our deputy political editor, Vicki Young whos inside parliament in central lobby for us. In terms of the Reaction Youve had so far, and a breakdown of the numbers, is it any clearer who voted against or abstained here . No, it isnt quite the short answer. Here . No, it isnt quite the short answer. We know one mp did vote against. Short answer. We know one mp did vote against. We short answer. We know one mp did vote against. We think short answer. We know one mp did vote against. We think thAt| did vote against. We think thAt is the only labour mp. WhAt you cant tell fro
On wednesday following a report the White House is preparing to formally block Nippon Steels 14 Billion takeover bid. People familiar with the matter say a decision could be made as soon as this week. The move would be highly controversial and critics say it would lead to Job Losses and could chill foreign investment in the us. For more, heres our North America Business correspondent Ritika Gupta in new york. Nippon steels 14 Billion bid to acquire united States Steel has been caught in the crosshairs of an election year, and in the crucial Swing State of pennsylvania, where us steel is based. Us president Joe Biden has long pledged that the iconic american company, headquartered in pittsburgh, should remain domestically owned and run. Presidential nominees Kamala Harris and Donald Trump have also both Committed to keep us steel american, though any move to block the deal could potentially be subject to litigation. Proponents of Nippon Steels bid say the us shouldnt reject a bid from a
Officials have imposed sanctions on the two top editors of the russian state funded Broadcaster Rt accusing them of interfering with her than Thes President ial election. Eric garland said the goal was to secure moscows preferred outcome in the race between Kamala Harris and Donald Trump. These websites were designed to appear to american readers as if they were major us news sites, like the Washington Post or fox news, but in fact, they were fake sites. They were filled with russian Government Propaganda that had been created by the kremlin to reduce international support for ukraine, bolster pro russian policies and interests, and influence voters in the united states and in other countries. Internal documents of the kremlin described the content as, quote, Bogus Stories Disguised as newsworthy events, close quote. This malign Influence Campaign has been referred to as doppelganger. The russian Public Relations companies drove viewers to these websites by deploying influencers and pa
Suppliers following its full Scale Invasion of ukraine in 2022. Bilateral trade between the two countries topped 240 Billion last year, up 26 on a year earlier. Has the Balance Of Power now shifted with russias increasing reliance on its eastern neighbour . Joining me now is chris weafer, chief executive officer, macro advisory ltd. Thanks forjoining us, good to see you. Firstly, what were you expecting from these Trade Talks . Anything material or substantial to come out of it . Not to publicly, i think it is more a Case Ofjust again showcasing that this is the main political and economic relationship from moscow. It shows the complete shift away from what was very heavy trade with europe, with the western nations, that has now moved to asia. Kind Ofjust Restating that and restating the fact that and restating the fact that moscow sees this as its main relationship going forward, it used to be the case that the forum held annually in june was the main economic Trade Show Case for russ