ready to form a new executive. a new election will be called at one minute past midnight if no executive is formed that s 2a weeks since the last poll. in other news: the oil giant shell reports quarterly profits of nearly $9.5 billion its second highest on record but pays no windfall tax in the uk. and now we know the title of prince harry s much anticipated and controversial memoir. it s called spare, and it documents his move to america. the elected assembly which runs northern ireland is hours away from collapsing, over the region s post brexit trade arrangements. politicians have until one minute past midnight uk time that s around five hours from now to restore a power sharing agreement before a new election is called. political parties met at stormont today in a last ditch effort to try to form a new executive nearly six months after they were elected. procedures though are being blocked by the democratic unionist party the dup which objects to the no
foreign business dealings. i ll pick three countries, ukraine, no experience, made millions. russia, millions, no experience. china, 1.5 billion dollar deal bank of china. 5 million dollar no interest loans shopping spree. look at these countries. hostile to america. does it not stink to high heaven millions of dollars he and his family made serious need for investigation of influence peddling here? if it is true, why the hell hasn t the u.s. attorney told us over two years now they have been probing hunter biden, he is more than a junkie or whore monger. sean: do you doubt those published reports? it is not national security.
year. despite the high profits shell has paid no windfall tax in the uk. that s the one off levy targeting companies which benefit from something they weren t responsible for. in this case a sharp rise in oil prices. here is our business editor to explain why. is our business editor to explain why. the vast majority, almost all of shell s income and profits come from outside of the uk. they ve operations in 70 countries, and those operations are taxed in those countries. on their uk operations, they in theory face much higher taxes than normal 30% in corporation tax, 10% special oil and gas levy, and recently a 25% windfall tax, 55% in total. however on paper, shell hasn t made a profit in the uk since 2017 as it perfectly legally offsets costs to the decommissioned oil rigs and can further offset the recent windfall tax by investing in new uk energy. over the next decade, shell has said it will invest £20 25 billion in the uk, three quarters of that in low
the vast majority, almost all of shell s income and profits come from outside of the uk. they ve operations in 70 countries, and those operations are taxed in those countries. on their uk operations, they in theory face much higher taxes than normal 30% in corporation tax, 10% special oil and gas levy, and recently a 25% windfall tax, 55% in total. however on paper, shell hasn t made a profit in the uk since 2017 as it perfectly legally offsets costs to the decommissioned oil rigs and can further offset the recent windfall tax by investing in new uk energy. over the next decade, shell has said it will invest £20 25 billion in the uk, three quarters of that in low 01’ zero carbon energy. shell is one of several energy companies to report huge profits as a result, at a time when many governments are having to step in to support consumers with bills. families will find this obscene.
I m here (once again!) to put in a plug for picture books aimed at the very youngest books that rarely receive Caldecott recognition. Today it s the turn of Nina Crews s I m Not Small and Antoinette Portis s A Seed Grows.