Job for controversial billionaire elon musk. Here s ritika gupta with the details. The main highlight of donald trump s address was a push to cut the corporate tax rate to 15% for companies that make their products here in the us. This would be a big reduction from the current rate of 21%. A key policy victory from trump s own 2017 tax law set to expire in 2025. Now, while a 15% corporate rate would be a big win for large us companies, it would also contribute to rising deficits. It means big companies would end up paying far lower rates than smaller, privately held businesses, where rates can be as high as 37%. His proposal is in stark contrast to his rival, kamala harris, who has called to raise the corporation tax to 28%. Trump s proposals also include an idea from tesla ceo elon musk to create a government efficiency commission. This would be to eliminate wasteful federal spending a shot at the biden harris administration s spending levels. I will create a government efficiency c
President. The trip is part of an effort to help caribbean leaders navigate rampant gang violence that threatens to overtake haiti. In a meeting with the new haitian prime minister, secretary blinken also announced m5 million in humanitarian aids. Haitian authorities have expanded as state of emergency or across the country and the humanitarian situation has rapidly deteriorated since the former prime minister resigned in march. Aid agencies report nearly 580,000 people have been internally displaced by conflict with close to 5 million facing severe hunger. About 400 kenyan troops arrived in the country injune as part of the un backed security mission. Before he left for the dominican republic, is to blink and reaffirm the us commitment to support the haitian people and foster a secure and peaceful haiti. The government and prime minister and the arrival of canny colleagues to support the police in the security mission and starting to see results from that. All with the objective of pu
Offenders who ve served 40% of their prison terms will be eligible for early release. It s necessary, says the government, because of severe overcrowding in jails. There are fewer than 500 spaces left in men s prisons in england and wales, a crisis made worse by the convictions of hundreds of people involved in riots last month. Our senior uk correspondent sima kotecha was given full and rare access to hmp pentonville in london and this is what she found. Siren blares. Chaos in hmp pentonville. Shouting. We re the only broadcast journalists given access. . . It s a code red. . . To one of britain s most dangerous jails since the current crisis. 0k, come on, folks. And some prison officers are so frightened of being targeted on the outside that we ve had to blur theirfaces. Hmp pentonville! staff are overstretched. . . Another alarm here. . . And on the verge of breaking point. You worry about, you know, opening the door in the morning and making sure that they re alive. Anything could
Caribbean leaders navigate rampant gang violence that threatens to overtake haiti. In a meeting with the new prime minister, secretary blinken announced m5 million worth of new monetary and aid. Haitian authorities have expanded state of emergency order right across the entire country, the military situation that is rapidly deteriorating since the former prime minister resigned backin former prime minister resigned back in march. Eight agencies reported that nearly 580,000 people have been internally displaced by conflict with close to 5 million people facing severe hunger. About 400 canyon trips around the country injune canyon trips around the country in june as canyon trips around the country injune as part of the un backed security mission and before he left for neighbouring the mnuchin republic, mr blinken reaffirmed the united states commitment to supporting haitian people and fostering a secure and peaceful country. We have seen secure and peaceful country. Have seen the presi
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