Todayis today is a big win for European Citizens and tax injustice. Trouble in the pipeline . The price of oil tumbles below 70 a barrell for the first time since 2021 as concerns grow about the state of the world economy. It relates to how two apple subsidiaries in ireland were treated for Tax Purposes between 1991 and 2014. Ireland has a low corporate Tax Rate of 12. 5 but its been accused of so called Sweetheart Deals with certain companies allowing them to pay a much lower rate. The Decision Cant be appealed apple said its disappointed with the decision and accused the European Commission of trying to retroactively change the rules. Here is what the Eu Competition Commissioner had to say. There commissioner had to say. Is a bigger picture, our investigation there is a bigger picture, our investigation has decisively contributed to a Mind Shift and change in attitude amongst member states, they have helped to trigger and accelerate regulatory and legislative reform. Take ireland, to
if you look at the headline numbers. but actually when you look at the actual results and also what companies are telling, there are two factors that matter to us, monetisation and capital expense. they look at monetisation, for example, across the board, we are seeing cloud revenue and contribution is almost like 5% for some of the companies out there. so that gives us comfort. in terms of graphics, clearly companies are spending on it, but in terms of compute, this is one area where they have been quite bullish recently. long story short, despite the future suggesting, we think the bull case for and i we still think is intact. we think that any excess correction in as a buying opportunity. what is the implication buying opportunity. what is the implication of buying opportunity. what is the implication of these buying opportunity. what is the implication of these big - buying opportunity. what is the implication of these big tech i implication of these big tech compan
if you look at the headline numbers. is suggest that results are mixed. but actually when you look at the actual results and also what companies are telling, there are two factors that matter to us, monetisation and capital expense. they look at monetisation, for example, across the board, we are seeing cloud revenue and contribution is almost like 5% for some of the companies out there. so that gives us comfort. in terms of graphics, clearly companies are spending on it, but in terms of compute, this is one area where they have been quite bullish recently. long story short, despite the future suggesting, we think the bull case for al is still think is intact. we think that any excess correction is a buying opportunity. what is the implication of these big tech companies pushing more to monetise their investment into ai? what are the implications for us as consumers? i think at the end of the day, we think that given how intensive it is, we believe that it is getting bigger,
The man who used to be the Department For Educations most senior Civil Servant reckons he did. I was absolutely amazed to see that the decision made by the government was to halve the School Rebuilding programme down from 100 a year to 50 a year. The chancellor, of course, was at the time . Rishi sunak. So, what does the Prime Minister make of that . I think that is completely and utterly wrong. Actually, one of the first things i did as chancellor in my first Spending Review in 2020 was to announce a new ten year School Rebuilding programme for 500 schools. Now, that equates to about 50 schools a year that will be refurbished or rebuilt. And if you look at what weve been doing over the previous decade, thats completely in line with what weve always done. This Secondary School in County Durham was meant to open for the new term tomorrow, but it cant because of dangerous concrete. In both 2020 and 2021, the government promised 50 schools a year would be rebuilt. In 2019, the National Au
Are destructive and hostile us policies. Vladimir putin is in beijing for talks with xi jinping, during which they vowed to tighten military ties and deepen their economic partnership. Our china correspondent laura bicker reports. On the west he as a pariah but in china he is a key partner is a key partner as beijing seeks a key partner as beijing seeks a new world order. One not a key partner as beijing seeks a new world order. One not led by the united states. The red carpet was rolled out, complete with a red army welcome as they walked together in a show of defiance against western pressure. Mr perton needs china. It has become an economic lifeline for an isolated and heavily sanctioned writer. Putin. Translation china will always be a Good Neighbour and friend with russia. Mr neighbour and friend with russia. ~. , russia. Mr putin he would inform president russia. Mr putin he would inform president xi russia. Mr putin he would inform president xi on russia. Mr putin he would infor