As always, much more on our website with lots of analysis and back round detailed to all our major stories. Now on bbc news, live to singapore for Asia Business report. Donald trump says its likely iran was behind the attacks on saudi arabia, but downplays talks of going to war. Crisis hit city tried to get Public Relations firms to fix its reputation. How the crisis hit. Good morning asia, hello, world. Its tuesday, glad you could join us for another exciting addition of Asia Business report. Im rico hizon and with the local energy markets, its been a tumultuous 2a hours for markets in the wake of the attack on saudi facilities on the weekend. After soaring into double digits yesterday, the cost of crude has risen in asia this morning and donald trump said it looked like iran was behind the attacks but added he didnt want war with anyone. That was a very large attack, and it could be met with an attack many, many times larger very easily by our country, but were going to find out who
One of the worlds most valuable tech firms, apple, is heading to court in a bid to overturn a multi billion dollar tax bill in back taxes in ireland as part of a landmark case in the eus crackdown on tax avoidance by multinational companies. Three years ago, the European Commission ruled apple received illegal state aid from ireland when it effectively paid only a 1 tax on its profits. The commission ordered ireland to collect 14 billion in taxes from the firm, and apple is appealing against it. But its not the only tech giant under the spotlight. Last week, google paid 1 billion to settle a french investigation into whether it had underpaid taxes. The Search Engine giant pays little tax in many European Countries because it reports almost all of its sales in ireland. In a bid to close tax loopholes, france earlier this year passed a new Digital Services tax, meaning large multinationals will have to pay a 3 tax on sales generated in france. The European Competition commissioner, margr
Reached an agreement over trade. Financial markets in europe look like this right now. The price of oil has edged lower. We will talk you through the winners and losers. And cashing in on the growing Education Market well be hearing from a maths tutoring business which has added up to an empire worth hundreds of millions of dollars a year. And we want to hear about your box set guilty pleasures, after netflix reportedly agreed a half billion dollar deal to show old episodes of seinfield. Today we want to know, was it worth it . Whats your favourite binge watch . Get in touch just use the hashtag bbcbizlive. Mine is frazier, for the record. Hello and welcome to business live. Im with you, brazier is very hard to beat. Lets focus on another big name that you have all heard of, apple. One of the worlds most valuable tech firms is heading to court, in a bid to overturn a multi billion dollar tax bill in ireland. Its part of a landmark case in the eus efforts to close tax loopholes by multi
For those who dont know me, i am neil saul, Student Program ps coordinate here at the Cato Institute and an honor to introduce tonight, tonight is it at the heritage interns go headtohead with acute interns to debate is libertarianism or conservatism the superior political philosophy . With political flossie provides better answers to todays most important political questions . Of course each of us have always had much to agree upon, limited government, free markets and individual liberty are all pillars of the political flossie that we both value and appalled. Which of often led us to the same policy preferences and conclusions. Yet, what each of us invasion in a Free Society Without governmental and regulatory intrusion often does look quite different. Policy preferences surrounding foreign policy, immigration, sex work, emerging technology, marriage and families come just in a few, create cleavages that emerge from differences between our political philosophies. As weve seen in toda
Welcome stocks are surging dow is up nearly 500 points. S p 500 climbing back towards record territory were just about 3 below record highs and the nasdaq jumping almost 2 of the session check out the retail rally Department Stores like macys nordstroming and lulu lem hn that stock is higher well have more on those moves later on weve got the angles of the big rally covered. Seema at the new york stock exchange, eamon javers at the white house where optimism spurred this rally and Steve Liesman on the year of the right cut. We start with seema. A triple digit rally for the dow as u. S. And china trade officials confirm a meeting frg october. The s p 500 is back above with a 1 gain. For the week, the dow is up about 1. 4 being led by banks and industrials. And if we dig into the financials, youll see the big banks like citi and goldman are up about 1 to 2 2. 6 for goldman industrials that initially sold off this week on fears that a meeting would not take place between the u. S. And tra