Kamala harris talked about her middle Class roots and providing help for small businesses. Mr trump talked about the soaring priCes that ameriCans have been living with and laid the responsibility firmly at the demoCrats door. Lets have a quiCk listen to Kamala Harris. My my passion, one of them, is small businesses. I would aCtually, my mother raised my sister and me but there was a woman who helped raise us we Call her our seCond mother, she was a small business owner, i love our small businesses not be my plan is to give a 50,000 Tax DeduCtion to start up small businesses, knowing they are part of the baCkbone of ameriCas eConomy. My opponent, on the other hand, as planners to do what he has done before whiCh is to provide Tax Cut for billionaires and big Corporations whiCh will result in 5 Trillion to ameriCas defiCit. Donald trump talked up his eConomiC legaCy as the debate moved onto the question of tarfiffs. Youll remember Mr Trump has reCently been speaking about inCreasing tar
Business stories. We start in saudi arabia as the Worlds Biggest Oil Company Aramco is set to announce its latest Half Year Results in the next half an hour or so. Last year, aramco netted record profits of over 160 billion, buoyed by soaring energy prices. But in may this year, they reported that profits dropped by nearly a fifth in the first three months of the year as the gloomy Global Outlook saw oil prices drop. To tackle this, saudi arabia has been cutting production to the tune of1 Million Barrels a day. They started in july and have now extended to september. The oil price has since been creeping up. Live now to our middle east Business Correspondent sameer hashmi. Sameer, nice to see you. 160 billion is so much money made in a year. What are they expected to say in the next half hour . Expected to say in the next half hour . Sally, ithink it is matching half hour . Sally, ithink it is matching up half hour . Sally, ithink it is matching up to half hour . Sally, ithink it is ma
let s now get down to business and the drama that let s now get down to business and the drama that has let s now get down to business and the drama that has been unfolding over the weekend in switzerland is dominating once again. they ve had fraught negotiations as the authorities, the central bank and leaders of two of its biggest banks tried to reach a deal to prevent another damaging financial crisis. late on sunday it was announced. the troubled bank credit suisse has been taken over by its rival ubs in a government backed rescue worth over $3.1 billion. that s less than half the value of credit suisse at the close of trade on friday. the deal s been widely welcomed, including by the bank of england, the european central bank and in the us. switzerland s central bank wanted to prioritise financial stability and protect the swiss economy. here s the chief executive of ubs. translation: it means we bring back stability translation: it means we bring back stability and
threatens a french institution the baguette. we find out how many of the country s 35,000 bakeries will survive. good to have you with us. it s that time of year when the global elite gather in the swiss alpine ski resort of davos. the theme for the world economic forum is cooperation in a fragmented world, and top of the agenda will be the global economy which according to the world bank is perilously close to falling into recession . it expects the world economy to grow byjust 1.7% this year. what can the global leaders do who are gathered in davos? critics argue it s a talking shop that rarely leads to significant change in solving the worlds problems. brian coulton is chief economist at fitch ratings. brian, good morning to you. when we look at the official agenda for davos, the list is long. there is an awful lot to discuss, but when it comes to the state of the global economy, that will dominate, won t it? it economy, that will dominate, won t it? ~ , won t it? it
we start in the uk, where we now have a new finance minister after a night of high political drama. the former chancellor rishi sunak handed in his resignation on tuesday evening, citing a failure of leadership from the prime minister in his handling of the latest political scandal. this left the top finance job up in the airfor a few hours before nadim zahawi was appointed as the new chancellor of the exchequer. this comes at a critical time for the economy as the uk grapples with a cost of living crisis and rising inflation. this was acknowledged in rishi sunak s resignation letter. he said: now, this is being read by some as a defence for current high taxes which could mean that the new man in the job may have been brought in to change that. so what can we expect from the new chancellor? i m joined byjustin urquhart stewart founder of the investment platform regionally. justin, platform regionally. good morning to you. so, justin, good morning to you. so, let s talk abou