0pec News Today

If a proposal recognises its standalone intrinsic value. In other news donald trump has been laying out his economic plans should he become president. Trump repeated calls to cut taxes and regulation and is earmarking a governmentjob for controversial billionaire elon musk. Here is ritika gupta with the latest. The main highlight of donald trumps address was a push to cut the corporate tax rate to 15% for companies that make their products here in the us. This would be a big reduction from the ...

Job for controversial billionaire elon musk. Heres ritika gupta with the details. The main highlight of donald trumps address was a push to cut the corporate tax rate to 15% for companies that make their products here in the us. This would be a big reduction from the current rate of 21%. A key policy victory from trumps own 2017 tax law set to expire in 2025. Now, while a 15% corporate rate would be a big win for large us companies, it would also contribute to rising deficits. It means big compa...

Rate would be a big win for large us companies, it would also contribute to rising deficits. It means big companies would end up paying far lower rates than smaller, privately held businesses, where rates can be as high as 37 . His proposal is in stark contrast to his rival, kamala harris, who has called to raise the Corporation Tax to 28 . Trumps proposals also include an idea from Tesla Ceo Elon musk to create a Government Efficiency Commission. This would be to eliminate wasteful federal spen...

Where there were questions over how unified opec could be are particularly after angola left the cartel. Now were seeing that there and it also a sign that 0pec are really showing a strong defence of 80 a barrel floor in pricing. What theyve done here is really built a fence, surplus will keep the market in deficit with a view for demand and return more strongly in the second half, allowing cuts to be unwound and actually deficits to be sustained through the course of the year, keeping that curv...

because oil producing countries agreed to continue cutting production basically to push up prices which seems to be working so far. saudi arabia said it would make cuts of1 million barrels a day injuly and 0pec+ said targets would drop by 1.4 million barrels per day from 202a. 0pec+ accounts for a1% of crude oil and lets get more for our middle east correspondent. it was widely expected before the meeting started on the weekend that 0pec+ would reduce oil production because it is hover...

agreed to continue cutting production basically to push up prices which seems to be working so far. saudi arabia working so far. saudi said prices which seems to be working so far. saudi said it would make cuts of1 million barrels a day and targets would drop by 1.4 million barrels per day from 2024. 0pec+ accounts for crude oil and lets get more for our middle east correspondent. it more for our middle east correspondent.— more for our middle east correspondent. it was widely execte...

we begin in the us in what could become the largest product liability settlement in history. the pharmaceutical�*s giant, johnson &johnson has proposed paying almost $9 billion to settle tens of thousands of lawsuits that allege the companys talcum powders causes cancer. the new move seeks to resolve all current and future claims and follows a decade—long legal battle between plaintiffs�* lawyers and johnson & johnson. my colleague samira hussain with the details. johnson &johnso...

oil supplies look to tighten from next month, after saudi arabia and other opec plus oil producers announce output cuts of about 1.1 million barrels a day. saudi arabia said the move was aimed at stabilising the market. well, oil prices are currently trading higher, after the move by 0pec+. this is the second time the cartel slashed productions. the group last did so in october, cutting output by two million barrels per day. jonathan robinson is global power & energy research director ...

administration as assistant to the secretary of state. welcome to the programme. for the first time since brexit took effect in january 2020, the british prime minister was in europe today for a summit, the first meeting of the european political community. "not an eu construct, not an eu alternative," said liz truss, but an opportunity to discuss wider interests relating to ukraine, energy and security. russias war demands cooperation beyond the eus 27 member states. in all, 44 countr...

hello there. today, eu trade ministers meet with a renewed focus on securing new trade deals. russias invasion of ukraine make partnerships crucial. the war has exposed supply chains, leading to calls for the eu to look elsewhere for its goods. it wants to spread the risk to diversify into everything from gas to sunflower oil. joining me now is anahita thoms, head of international trade at the law firm baker mckenzie. thank you so much forjoining me. whats the jackpot for the eu in ter...