The eu plans a shake up of the system to make the likes of google and apple pay theirfair share. But will ireland play ball . Plus hacked off. Russian Cyber Security billionaire Eugene Kaspersky hits back after the Us Government bans his products as a threat to national security. We have an exclusive interview. Welcome to World Business report. In a minute, bitcoin slumps further after an exchange in china stops trading without giving a reason. Well have the details from our asia team. We start in the estonian capital tallinn where European Union finance ministers are gathering for a meeting this weekend. Top of the agenda plans for a shake up of the way huge tech firms, the likes of google, facebook, apple and amazon, pay taxes. The giants of the so called Digital Economy have faced huge criticism in europe forfailing to pay what some see as their fair share of tax. So whats being proposed . Well the plan is to make the Companies Pay tax wherever in the eu they make money, notjust whe
By firing a Ballistic Missile over northern japan. The japanese government said the missile was fired without advance notice, and was a provocative action that raised regional tensions. South koreas military said the missile was launched towards the east, from sunan near the north korean capital pyongyang. It flew 3,700 kilometres over the island of hokkaido and crashed into the Pacific Ocean about 2,000 kilometres east of cape erimo. The Un Security Council is to meet in emergency session later on friday to discuss the crisis. Stephen mcdonell reports from the south korean capital seoul. The south Korean Response was swift. It launched its own missiles into the sea following north koreas Ballistic Missile test. This region is again on high alert. In seoul, the president called an emergency meeting of the national Security Council. He said, in this climate, dialogue is impossible, adding that his country must prepare for potential attacks from the north, including biological and chemic
The ftse is down, and the spanish market, all down following what happened yesterday. And well be getting the inside track on the big tech stories of the week, including the ongoing row over russian hacking in the us. Rory cellanjones will be here to talk about his exclusive interview with the founder of Kaspersky Labs later in the programme. So today we want to know, how safe do you feel online . And do you trust Internet Security companies . Let us know, just use the hashtag, bbcbizlive. Hello and welcome to business live. We start in the estonian capital tallinn, where European Union finance ministers are gathering this weekend. Top of the agenda are plans for a shake up of the way huge tech firms, the likes of google, facebook, apple and amazon, pay taxes. The giants of the so called Digital Economy have faced criticism in europe forfailing to pay what some see as their fair share of tax. So whats being proposed . Well, the plan is to make the Companies Pay tax wherever in the eu t
New York Stock Exchange to get the official dow numbers has the. I thought they would say rally or we should have those daily. I remember the dow 20k hats. You did have one in your desk. I did remember it took a long time to get there . You have that and your cincinnati has the there both red red hats. Welcome to Worldwide Exchange on cnbc. Im sara eisen im wilfred frost i will get you an arsenal has the. That will be red, too. Is it yeah. Im such an arsenal fan we should move on i have blue hats at hem for chelsea. You dont really care about chelsea. No, happy to support arsenal. There we go after another record rally on wall street, rally cap or not, we saw record closes for the s p, the dow, the nasdaq, the russell 2000, the dow transports all hitting fresh records. Dow futures are higher, 24 points s p futures flat nasdaq futures down two. Tenyear treasury note yield, we will get a bunch of Economic Data starting with adp today then durable goods later, jobs on friday. The question
A Swiss Investment group is hoping to get irans Rail Infrastructure back on track. Welcome to d. W. Business im Christopher Kober in berlin the European Commission is turning the screws on Us Tech Companies on wednesday it ordered amazon to repay a quarter of a billion euros and back taxes and the commission is taken ireland to court for failing to collect billions from apple. Patience has run out of the European Commission taking to the podium that you Competition Commission announced that brussels had on and in its sights taking the countrys government to the European Court of justice for its failure to collect taxes from us giant apple then a year ago the commission docked at the decision. Requiring ireland to recover up to thirteen billion euros. From apple. However ireland has still not recovered any money not even in part apple is currently appealing the case it argues that the revenues in question a subject to u. S. Tax rules instead meanwhile luxemburg was also singled out by t