and i m not talking hairstyles. donald trump will present his tax plan today. big cuts are expected. will it make multinationals bring their huge foreign cash piles back to the us? and ahead of south korea s election, we hear from whistle blowers on the culture of corruption which brought down that country s president. welcome to world business report. i m aaron heslehurst. if you have about eight minutes, i promised to give you a fascinating snapshot of the world of business and money. let s start in the us. shaking up the tax system has been a major theme of the trump administration. today he s promising what he describes as a big announcement on his planned reforms. in fact mr trump has already said he s planning what he s called maybe the biggest tax cut we ve ever had. take a look at this. during the campaign he talked about cutting the top individual tax rate from 36.9% to 25%. in terms of business, he wants to cut the corporate tax rate from 35% to 15%. mr trump ha
the british prime minister theresa may will promise to work with humility and resolve in the queen s speech to the new parliament later this morning. mrs may still does not have a parlimentary majority and a proposed deal with a small northern irish party is not yet sealed one of the reasons the speech has taken so long to arrange following the election. it will also be the only queens speech in the next two years as the government attempts to deal with all the issues surrounding the uk‘s withdrawal from the eu. the uk‘s withdrawal from the eu. here s our political correspondent eleanor garnier it is the ultimate show of pomp and ceremony, it marks the formal opening of parliament. the queen ‘s speech might be read by the queen but it is written by ministers. a list of legislation the new elected government aims to bring in but this year it is going to be as scaleback event, just like in 1970 all. with a crowded calendar and little time for preparation, there will be
explain who the winners and losers. and how sleep became big business. we ll meet the man behind a new generation of mattresses giving traditional bed makers nightmares. and as barbie‘s long time boyfriend, ken, gets a makeover he s got new hair styles, body types, new clothes and new skin colours so today we want to know, what childhood favourite of yours should get a revival and makeover? let us know, just use the hashtag bbcbizlive. do get in touch about ken, plastic fantastic or not? also any thoughts you might have about the stories we have including this one about uber. travis kalanick, the chief executive of the ride hailing service uber has resigned following demands from five major investors. last week he said he was taking indefinite leave of absence after a series of scandals hit the company. it s battling allegations of harassment, discrimination, and corporate misconduct. this is a story that has been getting more and more intense in recent weeks, recently
may look on wall street later. and the challenge of keeping your kids entertained we will talk to a businesswoman who has crowd funded effo rts businesswoman who has crowd funded efforts to make a backpack with wi fi and gps. hole in the wall, cashpoint or atm whatever you call it, it is celebrating its 50th birthday. our eights days numbered? butare birthday. our eights days numbered? but are its days numbered? a very warm welcome to business life. if china s premier warned the world economic forum that fairness is essential or else people will feel left behind. after the usa, china is the world s second largest economy, with a value of the $11 trillion. it accounts for almost 15% of what the world produces each year, but it is home to 19% of the world s population, almost one in five and with the number of people increasing, so too are its cities, in size and number. a brand new eco city xiongan will house 2.5 million people. it is home to several unicorns, that i
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 it s memory chip unit. welcome to world business report. i m 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 can t access their computer systems and for some that means it s 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 they re being asked to pay a ransom of $300