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BBCNEWS Business Today September 6, 2024

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...
Donald Trump Elon Musk Beer Boss Business Today Steve Lai City Stock Market

BBCNEWS Business Today September 6, 2024

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...
Donald Trump Elon Musk Beer Boss Business Today Steve Lai Tax Rate

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China's Complex Economic Dance with Africa: A Machine of Modernisation or Extraction?

China's economic partnership with Africa is showing signs of revival post-pandemic, emphasizing infrastructure projects and trade. Despite significant investments, the relationship remains imbalanced, focusing on resource extraction. Chinese entities are pivoting towards PPPs, although challenges, such as Africa's trade deficit and legal frameworks, persist.
Nairobi Area United Kingdom United States South Africa Africa Atlantic Ernest Muthomi

Post-Covid, China is back in Africa and doubling down on minerals

China's flagship economic cooperation program is bouncing back after a lull during the global pandemic, with Africa a primary focus, according to a Reuters analysis of lending, investment and trade data. Chinese leaders have been citing the billions of dollars committed to new construction projects and record two-way trade as evidence of their commitment to assist with the continent's modernisation and foster "win-win" cooperation.
United States South Africa Nairobi Area United Kingdom William Ruto Francis Mangeni

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