Todayis today is a big win for European Citizens and tax injustice. Trouble in the pipeline . The price of oil tumbles below 70 a barrell for the first time since 2021 as concerns grow about the state of the world economy. It relates to how two apple subsidiaries in ireland were treated for Tax Purposes between 1991 and 2014. Ireland has a low corporate Tax Rate of 12. 5 but its been accused of so called Sweetheart Deals with certain companies allowing them to pay a much lower rate. The Decision Cant be appealed apple said its disappointed with the decision and accused the European Commission of trying to retroactively change the rules. Here is what the Eu Competition Commissioner had to say. There commissioner had to say. Is a bigger picture, our investigation there is a bigger picture, our investigation has decisively contributed to a Mind Shift and change in attitude amongst member states, they have helped to trigger and accelerate regulatory and legislative reform. Take ireland, to
we will have more from anna on that story later. the uk government has suspended engagement with one of the country s leading business groups the cbi pending an investigation into allegations of sexual misconduct and drug abuse at the lobbying group. let s get the latest on this from our business editor simonjack. just talk to us about the allegations. they have been around this week, but today was quite a landmark moment in the uk government, saying, hang on, until you fix this, we don t want any part of it? ~ ., you fix this, we don t want any part of it? ~ . ,. ., you fix this, we don t want any part of it? ~ . , , ., of it? what i discovered earlier this morning of it? what i discovered earlier this morning is of it? what i discovered earlier this morning is that of it? what i discovered earlier this morning is that the - of it? what i discovered earlier i this morning is that the treasury, everyone from the chancellor, to ministers, to all officials down at hmt
Turning up the heat qatars Credit Rating is cut amid a growing political crisis. Plus hes cut ties with his Business Empire but a lawsuit claims President Trump is still flouting the us constitution. He has until tomorrow to respond welcome to World Business report. Im sally bundock. Also coming up chinas trade figures surge in may, they are surging, cheering investors but spelling more controversy in the us. Concerns are growing about economic fallout after fellow arab states cut ties with qatar over their links with alleged terrorist groups. Standard and poors has cut their rating, the stock market is down 10 in the currency is at 11 year low. Qatar is a tiny nation but a very important one business terms. It has one of the Worlds Largest reserves of natural gas it has seen exports of its Liquefied Natural Gas or lng soar in recent years. Thats made the state phenomenally wealthy it has built up one of the worlds biggest Sovereign Wealth Funds, worth around 335 billion. Its used that
And from cows to coding. We meet the woman with a remarkable career that began on a farm in rural illinois and has taken her all the way to the shining lights of silicon valley. And with polls now open in the uk General Election, we promise a politics free programme. So let us know what you make of the stories were covering today. Get in touch in the usual way. Use the hashtag bbcbizlive. Hello and welcome to Business Live. When we say politics free, we do refer to the uk election and not the politicking going on at the moment in the middle east. We start in the gulf state of qatar, where concerns are growing about the economic fallout after neighbouring arab states cut off diplomatic and trade ties over its alleged support of terrorist groups, something doha denies. Late wednesday, top Credit Rating Agency Standard and poors cut qatars Credit Rating, with a warning it could be cut further still. Its stock market is down almost 10 in the last three days, and its currency is at an 11 ye
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