Transcripts For DW Business - News 20240712 : comparemela.co

DW Business - News July 12, 2024

Eco india. How can a countrys economy grow harmony its people find that when there are doers look at the Bigger Picture india a country that faces many challenges and whose people are striving to create a Sustainable Future clippard projects from europe and india. Auntie w. O n 5 apple and. E. U. Court has overturned the ruling that the us tech major must pay billions in irish back taxes. On the coronavirus pandemic has caused a massive surge in rail freight a look at one of the busiest. This is day 8 of your business robots in berlin its great to have you with us and e. U. Court has told apple it will not have to pay 13000000000 euros in back taxes to the Irish Government the company and the Irish Government successfully argues that apples lower tax bill did not amount to state aid the decision overturned 2016 ruling that apple broke e. U. Competition regulations the company paid irish tax at rates as low as not to point not nort 5 percent of one point the European Commission says it will consider its options which could include an appeal to the e. U. Supreme court. The ruling hands a big legal victory to apple the e. U. General court said the e. U. Commission did not succeed in showing that the tech giant had received an illegal economic advantage in ireland over its low taxes. The decision is a major blow to competition commissioner margarita vest and his efforts to crack down on low tax regimes in the block the commission fans who are really behind the objective that all companies should pay their fair share of tax. If Member States gives says an mo to National Companies Tax Advantages over. Their rivals this harms fair competition in the e. U. The e. U. Commission has 2 months time to decide if it wants to challenge the ruling in the news highest court the core of the problem is that the e. U. Does not have one common tax code at the moment firms officially pay 12. 5 percent Corporate Tax in ireland thats compared with the e. U. Average of 21. 3 percent officially companies in germany have to cough up at least 30 percent. That alone has attracted Many Companies to ireland and in fact apple paid far less tax at times for example as little as 0. 005 percent in 2014 when the tech giant pay just 50. 00 euros tax on every 1000000 euros in profit is the 2nd ruling that the e. U. Commission has lost last year the institution lost a case against starbucks which was accused of owing 30000000. 00 euros in back taxes to benevolence it all shows how difficult it is to crack down on cases of alleged Corporate Tax avoidance. Folk around a virus crisis has boosted business at least for the freight business particularly on trains on the toilet roll and medication has to get people somehow one of the big groups that has benefited from it is the eurasian route 11000 kilometers linking tyne and germany. Its an epic journey and full of interruptions one bottleneck is the bell ruffian town of brest where the containers need to be reloaded the european track getting just narrower. Most of this cargo is from chinas northern provinces beijings aim to spur increased economic integration with europes export markets. Air freight rates have recently hit record highs making the cost savings for rail even more attractive its not as cheap as shipping but its quicker. Transport and quality over and its usually takes 25. 00 days for the freight to travel to poland. From point of origin to final destination which is probably the quality of the dog phenomena goalby arthur cost the costs for a single container are about 5000. 00 euros overgrow. Traditions i would all the freight trains between central asia and Eastern Europe could be quicker but antiquated tracks and all the red tape and borders would need changing plus passenger trains have priority on shared tracks meaning containers have to wait their turn. The pandemic has seen high demand for surgical masks as well as stationery and electronics for the home office. Thats led to 300 percent growth for a Logistics Company helmond and theres an environmental benefit. Just like its. Something that has perhaps been obscured by the pandemic but i think that its still an important criteria. By switching from air freight or road transport to Rail Companies can optimize their Carbon Footprint you see whats why belongs to up to no. One destination for chinese freight trains the port of hamburg. Here the train space direct competition with sea cargo but the shipping companies arent concerned. Go to the. Freight trains are not serious competition for shipping over there are a niche product thats enjoying growing popularity about 100000. 00 containers are transported by rail from china to hamburg each year. Compared with the 9000000 containers that are shipped thats a negligible amount and when obviously you. Look at whether rail freight will be competitive in the long run remains to be seen many chinese provinces subsidize the sector with state funds. They jean views the china to europe route as a test run for its mammoth new silk road. The forest is gone and construction is underway teslas new factory outside of berlin now. Musk has tweeted his vision of get up early in the latest gigafactory its set to produce cars batteries as early as next year the company is out they will employ over 10000. 00 people. On to some of the other business stories making the global news japans economy is likely to shrink by 4. 7 percent this year thanks to the Coronavirus Crisis the bank of japan expects the economy to grow again next year but because its out of extreme the unclear and dependent on the consequences of the pandemic. Burger king is adding lemon grass to the diet of some of its beef. Its in order to lower me thane emissions from cows by 33 percent a special reduced methane emissions. Is going to be on sale in restaurants in miami new york and los angeles. And google has become the latest high profile firm to back indias geo the search giant is investing 4500000000. 00 for a stake in the top indian Telecoms Network and will also develop a new smartphone with the company. Now if wearing darth vaders original costume or putting on tom cruises maverick pilot helmet sounds appealing to you then here is your chance they go on auction in los angeles next month along with a host of other hollywood props a look at this so this is the star not its a spaceship used on a set of the original alien film in 1979 thats expected to fetch up to half a 1000000. 00 theres also that darth vader qassim you can see here having someones willing to pay a quarter of a 1000000. 00 for that and then theres that amazing helmets worn by tom cruise in top gun yours for in the region of 50 to 70000 dogs. And thats all from me and the Business Team here in berlin if you do want more from his you can check it out check out our website dot com slash business you can also find us on facebook and twitter thanks a lot for joining us and to take care. Or. Or. Dreaming of a future class of korea a thing of the past. Young people in the age of covert 19 faced unprecedented uncertainty. One can they look forward to when everythings changing so fast. Generational lockdown. Made injured. Next on d w. Spain has seen 20000 covert 1000 related deaths in both peoples how did it come to. Such patients away. Dont treat the residents of the old peoples homes. Im not a some stuff parents. And many others want justice. Politicians play. Games 16 on t w. Were all set. To go beyond the obvious. As we take on the world. Were all about the stories that matter to you. Know something. In the book what ever it takes to go running. Come out of. Exchange blue. Another w. Made from arms. Oh to be young again spending your days dreaming with plenty of energy. Ready to embark on this big adventure called life well thats how it should be but todays youth is faced with seemingly on some ounce of challenges Climate Change financial problems and now

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