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
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
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