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
Increase wont come. Lets not forget that yesterday we heard that average uk wages were rising at their fastest pace in 20 years. Joining me now is Neil Shearing group Chief Economist at capital economics. Thanks very much for being with us today. Clearly it is pretty good news, but is it happening fast enough, oras news, but is it happening fast enough, or as fast as we had hoped . The fall in the Headline Rate of inflation, as you say, thats going to be welcomed by the Bank Of England. It takes a bit of pressure off them. But when you start to dig into the details of this report, i think perhaps there is still some uncomfortable reading there for the policymakers of the bank. As you mentioned, a lot of the fall in the Headline Rate, that is driven by what has happened to food and Energy Prices and that is out of the banks control. Interest rates dont tend to affect the price of our energy or food. Those are set in global markets. What they do affect his conditions in the real economy,
As concerns continue over the humanitarian situation in the territory. The United Nations says more than half a Million People are one step away from famine. Aid going into gaza is being held up because of intense Security Checks at two Southern Land crossings. Air drops are helping palestinians. These, some of 10,000 meals that landed in the northern part of the territory today. But so much more is needed, and now this charity ship with 200 tonnes of food is part of the effort, on its way from cyprus. Quentin sommerville is in the port city of larnaca. He sent this report. Its a drop in the ocean of gazas need, but this is the first direct aid shipment by sea about to leave cyprus. The spanish ship the open arms, seen here in larnaca port, getting ready to set sail. It has a long journey ahead of it. The barge has 200 tonnes of desperately needed essentials rice, flour and pre prepared meals. This has taken months in planning. The cargo was loaded all weekend. The final Security Clear
has turned this chamber, where slavery was abolished, where medicare and social security and everything were instituted, they turned it into a puppet show, a puppet show. you know what, the puppeteer, donald trump is shining a light on the strings. you look miserable. you look miserable. the only advantage to all of, this is that instead of reversing what we did on the i.r.a. say the planet, or reversing what we did to reduce the cost of prescription drugs, you are wasting time. you look miserable, former house speaker nancy pelosi calls out republicans for the grievance politics, and using the house floor to appease donald trump by centering democrat adam schiff who the first impeachment against the former president. it comes as there is a growing rift between two of the most outspoken far-right members of the house, over how and when to impeach president biden. also ahead, we are learning more about the case, special counsel jack smith is building against donald, trump an