Time for a look at the Business News now with tadhg enright. Luxmy gopal, thank you very much. We are going to talk about tax. A new report, funded by the european union, has found that the worlds super rich are still able to pay low rates of tax, despite decades of efforts to reduce evasion. The study says there are still too many loopholes and billionaires are able to pay less than 0. 5 of their wealth. The eu tax observatory, which is behind the report, is calling for a new global minimum tax on billionaires saying that if the richest 3,000 people in the world paid 2 , then it would raise 250 billion a year. Earlier, i spoke to Richard Murphy a Tax Reform Campaigner and professor of accounting practice, Sheffield UniversityManagement School and asked how feasible that would be. The good news in this report today is that a lot of measures that are being put in place which i campaigned for over the last 15 years are working. For example, tax havens are now causing one third of the harm that they did and companies are paying more tax. But this report is right, Gabriel Zucman and the team that wrote it are correct, the wealthy are still getting away with paying much less tax than they should. Their claim is that that is because of the problems created by offshore. If im honest, im not completely convinced by that argument, they are arguing for this global minimum tax, and i see enormous problems in getting any form of agreement on it, and i was involved in negotiating many of the International Agreements that we have to beat this abuse. It is worth remembering, it is not that long since the major countries of the world agreed a plan to have a global minimum 15 tax on Company Profits what has been the reality trying to implement that . The reality is that that is going very slowly because the plan was agreed in outline but the principles that really underpin it are onlyjust beginning to move into legislation. We dont know how that will work as yet, to be blunt, we havent seen the full outcome of that. What we have seen is more of an outcome from the previous agreement which was to track the profits of Global CompaniesAround The World using something called country by country reporting, which i created. It is now the law in 70 countries Around The World. Thats definitely working. I expect the 15 minimum tax to have an impact but not as much as people hope because its scope is very limited and that is what i fear of these proposals. They are very limited because the scope for attacking tax havens is now relatively small. The 250 billion sounds a lot but it wont produce much for the uk. Ive been working on how we can increase tax on the uk to tackle this problem and have suggested Tax Increases of 100 billion in a report im working on called taxing wealth report, you can find it on the web if you search that name. And there are ample opportunities to do this domestically. Im beginning to think we need to stop looking so much at tax havens and begin to look at how our domestic tax systems are not taxing the wealthy by enough because they are not. Richard murphy there. The Oil Giant Chevron has agreed a 53 billion deal to buy rival hess corp, as it looks to expand its presence in guyana. In recent years, the south American Country has become a Major Oil Producer 400,000 barrels a day after huge discoveries by hess, exxon mobil and chinas state oil company. 0ur north America Business correspondent erin delmore is following the story in new york. Why does this make sense for chevron . It is a pretty Big Price Tag. Chevron . It is a pretty big price tau. ,. , chevron . It is a pretty big price ta. ,. , chevron . It is a pretty big price tau. ,. ,. , tag. You are right, it is a big rice tag. You are right, it is a Big Price Tag tag. You are right, it is a Big Price Tag and tag. You are right, it is a Big Price Tag and what tag. You are right, it is a Big Price Tag and what is tag. You are right, it is a Big Price Tag and what is wild. Tag. You are right, it is a Big Price Tag and what is wild is| tag. You are right, it is a Big Price Tag and what is wild is that this isnt even the Biggest Energy deal we have seen this year. It isnt even the Biggest Energy deal we have seen this month. But at 53 billion it is huge. Here is what is in it for chevron. As you mentioned, increase access to oil fields and assets in guyana, the South American nation is emerging as one of the newest Oil Producers in the world, and as you can imagine there is fierce competition to get a foothold there. It also increases chevron� s production in texass basin which is an alluring aspect. Taken together it is meant to shore up chevron� s production capabilities and increase its level of competition with exxon, its level of competition with exxon, its largest us rival. And if you zoom out here it is a declaration of interests by us based companies to really invest in and push forward in the petroleum industry, despite a global appetite we have seen in europe and elsewhere for more Sustainable Resources and solutions. Chevron has also made a slew of other announcements today. I wonder what things stood out for you from the rest of what they had to announce . It the rest of what they had to announce . The rest of what they had to announce . It is a big day for chevron announce . It is a big day for chevron and announce . It is a big day for chevron and they announce . It is a Big Day Fori Chevron and they mentioned announce . It is a big day for chevron and they mentioned that in addition to this big deal it is also meant to bolster some of the share buy backs, whopping number to the tune of 2. 5 billion in share buy backs once the deal has closed and for that date we are looking to the first half of 202a. The deal is subject to regulatory interest as always. Thank you very much. The Taiwanese Electronics giant foxconn, which builds millions of iphones along with a range of other devices, is under investigation in china. The government controlled global times newspaper, citing anonymous sources, reports that officials conducted Tax Inspections at foxconn businesses in two chinese provinces. The companys share price dropped by 2. 9 following the news. Foxconn is the biggest maker of iphones for us Tech Giant Apple and is one of the largest employers in the world. Heres our Asia Business reporterjoao da silva. According to a report on the Chinese State controlled newspaper global times, foxconn is being scrutinised on two fronts. It is facing land use and tax investigations. The scope of these inspections seems wide, targeting Foxconn Assets in different provinces across the country. Foxconn, which is the biggest maker of iphones and one of the largest employers in the world, has said it will actively cooperate with the chinese authorities. Now, what is really interesting here is the timing of all this. Just last month, foxconn� s founder, terry gou, resigned from the companys board. He did so because he is running as a candidate in taiwans president ial election in just a few months. And since he announced his intention to run, a lot has been said about how his Business Interests could make him vulnerable to political pressure from beijing. Mr gou remains a major shareholder in foxconn. Joao da silva there. To the world of aviation now and in an era of consolidation between big airlines, across traditional borders, smaller carriers face growing challenges. The boss of Fiji Airlines has been speaking to the bbc� s Aaron Heslehurst and talking about competition with the likes of Air New Zealand and australias qantas. We have systematically, since 2015, elevated our airline. One of the core things we have done is what we call our remarkable service. Its a Service Culture programme. We run it quarterly, all the staff. We have 12 Building Blocks and its done amazing stuff for us. And our service today, without question, beats Air New Zealand and qantas. But, andre, is itjust down to service, the improvement in service . Youve got a new fleet. Its basically the product. So we have got a new fleet, we are flying 350 900s. Weve got four of them that service those markets. We have new maxes, and our product is superb. So between product and Service Standard and quality, we are a step ahead. And andre, lets talk about australia. Because the Assistant Treasurer Stephenjones has recently said that he wants the Australian Government to keep qantas profitable. You compete against qantas. How do you feel about the state aid that your rival has quite possibly received. We wish we had the same. During covid our government tried their best to help us with some government guarantees but no cash. And obviously we had to double our debt to survive. We have already paid back 30 of it. So we had a different approach to qantas and Air New Zealand. We never shut down. We kept the airline alive. So our philosophy was to be ready at a moments notice and we had many ready programmes. And when in December 2021 borders opened we were the first mover in those markets and basically still the first mover today. Let me ask you this because the Fijian Islands are at severe risk of the rising waters off the back of climate change. You run an airline and environmentalists love to point the finger at airlines. Youre expanding the airline and have grown the airline, how do you mix that balance . ,. , balance . The first is we have modernised balance . The first is we have modernised our balance . The first is we have modernised our fleet. Balance . The first is we have modernised our fleet. We. Balance . The first is we have l modernised our fleet. We have balance . The first is we have modernised our fleet. We have the modernised ourfleet. We have the latest of what i call next generation planes that use 20 less fuel, so there is carbon saving. We have also had a Programme Running for several years now called every take off one tree and we have been planting mangroves, we have planted 63,000 mangroves to date. The mangroves sequesters for micro times more carbon from the atmosphere than a normal tree. Mangroves also help with the erosion caused by rising water levels. And of course our big thing was on the 23rd Of August we had ourfirst Sustainable Aviation fuel flight. 0bviously One of the things we are exploring with an International Develop bank is setting up a facility in fiji to actually manufacture the fuel. It is in short supply and very expensive Around The World. Fascinating insights from Fiji Airlines. Thats your business, Around The World and across the uk this is bbc news. Bbc news bringing you different stories from across the uk. 0n stories from across the uk. On a glorious day in birmingham, archers of all ages and abilities are falling in love with the sport, which is exactly what she wanted when she set out a year ago. She has been overwhelmed by the response. Its been phenomenal, it has been really positive, we have had women who are in their 60s take part which is absolutely fantastic. We have seen bonds formed between relations, father and son, mother and daughter, and its become a really family oriented sport. And its become a really family oriented sport. They have been suworted oriented sport. They have been suworted by oriented sport. They have been supported by archery oriented sport. They have been supported by archery gb oriented sport. They have been supported by archery gb and i supported by archery gb and Commonwealth GamesLegacy Programme but its an established local club and Support Archers who have been just as important for advice and support. The two clubs have come together for the session to raise funds for the victims of the moroccan earthquake. The rise of Crescent Archers is already impressive, spreading the word still further is their next target. For more stories from across the uk, head to the bbc news website. Youre on live with bbc news. Lets return to developments in the israel gaza war. 0ur International Correspondent tom bateman has more from gaza. He explains the impact israeli air strikes are having on people and hospitals there. A warning though some scenes in this report may be distressing. In gaza, nearly 1. 5 Million People have fled their homes. But nowhere is safe. In the north, israels air strikes are relentless. Injabalia refugee camp, they rush to save those they can. Rescuers try to protect this mans face as they chip away at the wreckage that has trapped him. 0ne life saved, but at least 1,000 more remain under the rubble in gaza, says the un. But the hospitals are already packed, notjust with the wounded but with those sheltering from air strikes. And as israels siege goes on, they are nearly out of electricity to help. In gaza citys main hospital, those born into this war face the toughest struggle to survive it. The Neonatal Intensive Care Unit is down to just ten ventilators. This doctor, working now with just three other doctors, says they face a total power blackout. Translation we call on everyone i to send medical supplies for this | vital department or we will face a huge catastrophe. If the electricity goes out here, where there are 55 babies, we will lose all of those who need electricity within five minutes. Israel says it has intensified its air strikes to target hamas, whose rocket fire from gaza goes on. Israels repeated its evacuation orderfor the north. But in the south, there is no refuge either. A final journey for this family, who are bringing their own children to the grave. In gaza, the threat from the air is inescapable, while on the ground each day brings more burials. Tom bateman, bbc news, jerusalem. Bbc arabic� s Adnan El Bursh has been at Al Aqsa Martyrs Hospital in Deir Al Balah in central gaza, which has been overwhelmed with casualties including women and children. Some of the images from there are too graphic to share. Children including at least two babies are among the dead. Heres adnan� s report, and you may find some of these images distressing. Wounded civilians arriving at the al aqsa Military Hospital in central gaza. Many of the wounded are women and the children. This is outside israels evacuation zone. Israel told civilians to come to these parts of the strip for safety. There is no confirmation of where the air strikes came from. Outside the hospital, Funeral Prayers for those killed are being held. While families continue to arrive with more of the wounded. Translation all of l this because of hamas. Hospital workers say they are overwhelmed. Weve been here since the Crack Of Dawn and the bodies have completely filled the hospital yard. This is in addition to the bodies which are in refrigerators which are full. We dont have enough shrouds for the bodies because the numbers are huge. Its difficult to identify the bodies. The situation is being described by those working here as catastrophic. That report from bbc arabic� s Adnan El Bursh. Israel has also launched fresh air strikes against the iranian backed hezbollah in lebanon. 0ur correspondent hugo bachega is in Southern Lebanon. Well, its been another day of reports of intense fighting along the border, lyse. This has been the reality here for days now. These cross border attacks between groups here in Southern Lebanon including hezbollah and the israeli military. Those attacks have intensified in recent days although the violence has been contained, we havent seen a massive escalation of fighting here. But this morning we visited some villages along the border and people have left. 0ne village was completely deserted because people are concerned, many of them still remember the devastation brought by the 2006 war between israel and hezbollah. And all eyes