An administrative error. Now on bbc news, all the latest Business News live from singapore. Us markets deliver a Cool Reception to president trumps plan to slash Corporate Tax rates. And living a samsung life. Why south koreas Corporate Giants are so big youd struggle to live without them. Good morning, asia. Hello, world. Glad you could join us for this thursday edition of Asia Business report, im rico hizon. Donald trump is hours away from completing his first 100 days in office, a milestone where the Chief Executive is graded on his progress in office and before the clock ticks down, following through on a Major Campaign promise with a proposal to drastically cut the business tax from 35 to 15 . Well, it is now clear how the white house plans to pay for the cuts which could add some 2 trillion to the National Deficit over the next decade. But the us Treasury Secretary says Economic Growth is both the goal and the solution. We believe we can get back to 3 or higher gdp that is sustai
Health bill meaning it would not have a majority. Time now for World Business report. Another Big Cyber Hack brings yet more disruption to business Around The World. What more can they to do keep themselves safe . Rebooting the sale. Toshiba announces another delay in raising the cash it badly needs from its memory chip unit. Welcome to World Business report. Im rachel horne. Another huge cyber attack is affecting businesses and other organisations across the world. Those affected include banks, retailers, energy firms and Transport Networks. It means Many Companies cant access their Computer Systems and for some that means its all but impossible to get any work done. The virus was first detected in ukraine on tuesday but has quickly spread across the planet. According to russia based Kaspersky Labs more than 2,000 users have been attacked so far but that number seems to be growing every hour. When users switch their computers on theyre being asked to pay a ransom of 300 in the Digital
An auditors sign off on its much delayed results and avoids delisting but analysts warn its future still hangs in the balance. And Silicon Valley is setting an example when it comes to paid Maternity Leave in america. But will the rest of the country follow . Welcome to World Business report. Im sally bundock. Also in the programme, facebook revamps its television offering. Challenging you choose and other television networks. We will fill you in on that injust a moment. But first, the mystery over how much money toshiba is losing or making could soon be solved. The troubled Japanese Tech Giant says auditors have signed off its Financial Results for the year to the end of march. This comes after months of delays and should mean toshiba avoids an immediate delisting from the top tier of the Tokyo Stock Exchange. It has now been revealed toshiba made an 8. 8 early in dollars loss. 8. 8 made an 8. 8 early in dollars loss. 8. 8 billion dollars. So whats gone wrong for the 40 year old japan
Where now for south africa . After last weeks massive Cabinet Reshuffle, President Zuma may face another vote of No Confidence. We talk you through whats at stake. Third time unlucky . Toshiba shares plunge in tokyo again on reports it may miss its results deadline, for the third time. Welcome to World Business report. Ina in a moment we will look at the Property Market in beijing as well. We begin in south africa where the parliaments speaker is considering a No Confidence vote request from the opposition of president jacob zuma. This comes after the countrys finance minster, Pravin Gordhan, and many other cabinet members, were sacked last week by the president which has had a big impact. Lets talk you through the reaction. Within hours of mr gordhans removal, the south african currency, the rand, fell sharply and was down over 5 against the dollar for the week. The Share Markets were also impacted seeing their biggest drop since 2015 with Government Bonds and Banking Stocks falling h