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
Catch up with all the Business News in the World Business report. The biggest recall in automotive history leads to the bankrupcty courts. Japans takata has had to recall more than 100m airbags across the world. Yet another italian rescue job. Two more banks get Government Bailouts the third time thats happened in a year. Is it isita is it a sign of more trouble for the eurozone . Welcome to World Business report. Im susannah streeter. The Japanese Company behind the biggest recall in Car Making History has filed for bankruptcy. Takatas airbags were first found to be faulty in 200a. Theyve were used by 13 of the worlds biggest carmakers who have all agreed to proceedings which have seen takata file for bankruptcy with courts in both tokyo and the us city of delaware. Worldwide, more than 100 million takata airbags which can rupture with deadly force and spray shrapnel at passengers have been recalled. The faulty airbags have been linked to at least 17 deaths and more than 100 injuries
Could be under threat. Let us know, do you buy fair trade goods to do good or really just to feel good . Just use the hashtag bbcbizlive. Hello and welcome to Business Live. The Japanese Company behind the biggest recall in Car Making History has filed for bankruptcy. Takatas airbags were first found to be faulty in 200a. They were used by 13 of the worlds biggest car makers who have all agreed to Bankruptcy Proceedings in courts in both tokyo and the us. This ceo ta kata this ceo takata said this morning he would step down. Worldwide more than 100 million takata airbags, which can rupture with deadly force and spray shrapnel at passengers, have been recalled. The faulty airbags have been linked to at least 17 deaths and more than 100 injuries worldwide. Its all been an expensive saga. 9 billion is the estimated cost according to japans nikkei newspaper. The firm key Safety Systems has now bought all of takatas assets except those relating to the faulty airbags for almost 1. 6 billion.
Empire could face arrest over a major corruption scandal. And brexit means brexit, the pound surges after uk Prime Minister theresa may vows to quit the European Union. Good morning, welcome to Asia Business report, live from singapore, with me, mariko oi. The head of samsung, jy lee, has arrived at a south korean court and the judge will be deciding today whether he should be arrested over his alleged involvement in a major corruption scandal. For the latest, lets go live to kevin kim in seoul. Thank you forjoining us this morning. This is a huge deal, isnt it . But when are we expecting the outcome, and are there any hints what the judge might decide . Well, we will probably be hearing the results later tonight, or possibly even tomorrow. Jy lee, the head of samsung, was tomorrow. Jy lee, the head of samsung , was seen tomorrow. Jy lee, the head of samsung, was seen arriving in court with a grim faced, and thejudge will soon be hearing the arguments. Prosecutors believe samsung has c
International Business News: Japan's business lobby, Keidanren, will urge member firms to consider raising base salaries next year and is calling on the central bank to achieve "m