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
Reversing the exodus pressure grows on the g20 to tackle the Migration Crisis, but is more investment in africa the answer . Plus, Making Motorists out of millennials how toyota plans to sell cars to the uber generation welcome to World Business report. Im rachel horne. Also coming up never mind the exploding phones, samsung says its on track for record quarterly profits. But first, we start in hamburg, germany where, as youve been hearing, leaders of the g20 group of the worlds top economies are gathering. High on the agenda, of course, concerns over free trade and the environment, after President Trump set the us on a more protectionist path and pledged to pull out of the paris Climate Change agreement. But for europe, equally pressing is the Migration Crisis. Record numbers of migrants from sub Saharan Africa have been heading into the eu increasingly across the mediterranean via italy, as this map shows. The final destination for many is germany, where migration related costs are p
To balance the books. Expect action when Philip Hammond unveils the contents of the Famous Red Briefcase next wednesday. It has been a big day in Northern Ireland, results being declared in the Northern Ireland Assembly Election. These were pictures from earlier, 7a seats declared not long ago, sinn fein and the dup polling strongly. One developing piece of news, as a result of his party not looking like it will do so well, the Ulster Unionist Party debt mike nesbitt has announced that he will resign leader. He felt he had to ta ke resign leader. He felt he had to take responsibility for the rejection of his partys message and what had happened. The election was called after sinn fein withdrew from the Power Sharing Executive in january. That is all from me, were now going tojoin january. That is all from me, were now going to join a special Election Programme presented by my colleagues. They have reporters at every cou nt colleagues. They have reporters at every count centre across No
And World Business report. Terms of disengagement. The eu will set out its stall on brexit later but britain says trade talks must get under way at the same time. Plus cash cows and Spread Betting. Why the price of butter is soaring on us markets. Welcome to World Business report. If you are in britain it is nice and early, stay where you are and give me eight minutes, nine minutes they just told me, and i will give you an exciting snapshot of the exciting world of business and money. We start in malta, where later this morning Eu Council President donald tusk will present europes guidelines for the brexit negotiations. The key question for britain can it negotiate a Future Trade Deal with the eu at the same time . Or, as france is insisting, must it wait until exit talks are done . Two years is already seen as tight to do such a complex trade deal. So what happens if one cant be done in time . For a start, these tariffs are Customs Taxes slapped on imported goods. They range from arou