battling business or paying theirfair share — kamala harris will push to raise us corporate tax rates to 28% if she wins november's election. with japan's biggest ever foreign takeover bid possible, the president of the owner of 7—eleven has been speaking to the bbc. and the boss of the uk's new shetland spaceport where a rocket engine exploded during a test launch tells the bbc he's still confident a launch will take off in the next few months. welcome to business today. we start in the us, where the democratic national convention continues today in chicago. president biden�*s speech on monday was seen as him passing the torch to his vice president, kamala harris. her team have revealed more of their economic policies, including proposing to increase the corporate tax rate to 28% from 21% if harris beats trump in november,

a move that could help raise revenue for the us government but one that's likely to face criticism from business and republicans. let's speak to the democratic strategist michael hardaway, founder of political intelligence firm hardaway wire. just want to start by asking you whether you think, despite allowing more to spend, this is a risky thing to do because it's going to frustrate business in an election year? frustrate business in an election ear? �* , , frustrate business in an election ear? 2 , , , , year? it's interesting, because this is a complicated _ year? it's interesting, because this is a complicated conversation. - year? it's interesting, because this is a complicated conversation. it i is a complicated conversation. it plays incredibly well to the populist wing of this country, and certainly the left side of this country idea logically. functionally speaking, you don't want to annoy the people who do the hiring in this country, and i would say that this plan that she has would raise about $1 trillion over ten years. juxtapose that with donald trump's tax cut from 2017, which cost about

$1.9 trillion over ten years. from her perspective, i think she is running on this but, though, if she becomes president and there is a divided government, she will have real trouble getting it through congress, so that as a separate conversation that must be had. this play is great for the campaign. i’m play is great for the campaign. i'm auoin to play is great for the campaign. i'm going to apologise to the viewers for your language there. we got to keep it clean on air, if you don't mind. do you think this is confirmation that there is a new version of biden economics here, that kamala harris will not attack the deficit with this race either, and we will see more of the same economic policy. i and we will see more of the same economic policy.— economic policy. i don't think you will see more _ economic policy. i don't think you will see more of— economic policy. i don't think you will see more of the _ economic policy. i don't think you will see more of the same. - economic policy. i don't think you will see more of the same. i - economic policy. i don't think you | will see more of the same. i think they are two completely separate ideologies in a number of different areas, so this is not new biden economics. i think she is trying to create her own path and her own economic policy, and i think the foundation of that is the sort of

kitchen table, pocketbook issues, like the cost of living, like tax cuts, like the cost of food, so i think that is the foundation. the idea of potential price—fixing and price gouging will be the foundation of her economic policy. 1milli price gouging will be the foundation of her economic policy.— of her economic policy. will there be a bi of her economic policy. will there be a his choice — of her economic policy. will there be a big choice between - of her economic policy. will there be a big choice between her- of her economic policy. will there be a big choice between her and i be a big choice between her and donald trump chris mackie has looked around the world unseen that a 15% corporate tax rate is used in other countries, and he is perhaps more in tune with what is globally acceptable— tune with what is globally accetable , ., , , ~ acceptable listen, obviously i think the g7 and the _ acceptable listen, obviously i think the g7 and the west _ acceptable listen, obviously i think the g7 and the west really - acceptable listen, obviously i think the g7 and the west really are - acceptable listen, obviously i think the g7 and the west really are still trying to sort through the idea of the global tax rate conversation, but i think we have to be realistic. the american national debt is $35 trillion. we cannot keep cutting taxes and spending massive amounts of money without really addressing that issue, so i think whether it is donald trump or kamala harris as our next president in america, we have to have a serious bipartisan

conversation about that. indeed. michael hardaway, _ conversation about that. indeed. michael hardaway, democratic. michael hardaway, democratic strategist, kind of you to join us on the show, thank you. the search continues for six people missing after a british luxury yacht sank in a freak storm off sicily on monday morning. as we reported, the british tech tycoon mike lynch, known by some as the british bill gates, is among the missing. it's being reported that morgan stanley international bank chairman and chair of hiscox insurers, jonathan bloomer, his wifejudy, and clifford chance lawyer chris morvillo, are among the missing. theo leggett has the details. jonathan bloomer was a member of the uk financial services aristocracy. he was the chief executive of the potential insurer for five years, for example, at the company for a total of a decade in various roles. he has been chair of a number of other countries. as you say, currently chair of his cocks, the insurer, and chair of morgan stanley international, a division of the us giant, so a real pillar of the uk

financial services establishment. another person who was on board was christopher morello, one of mike lynch's lawyers in that case in the united states, brought by us prosecutors alleging that mike lynch was guilty of fraud over the purchase in 2011 of autonomy by hewlett—packa rd. purchase in 2011 of autonomy by hewlett—packard. obviously, a successful lawyer, and one of his big successes was overseeing the acquittal of mike lynch in that case. shares of seven & i, the owner of the 7—eleven convenience store chain, soared by around 23 percent on monday after it revealed a takeover bid from canada's alimentation couche—tard, which runs the circle k chain of convenience stores. a deal that if it went through would likely be the biggest foreign takeover of a japanese firm. the president of seven and i holdings has been speaking to the bbc�*s mariko oi. this is the sensation on tiktok in thailand. 7—eleven�*s toasty.

i'm at 7—eleven in singapore, and here their local speciality is this biryani. it varies depending on country. born in the us, originally to sell blocks of ice and daily necessities in the 1920s, the japanese—owned chain now boasts a global empire of 85,000 stores. that's about double of mcdonald's or starbucks. this is the man who's in charge of the empire, ryuichi isaka, and he wants to expand it even more. we have more stores than mcdonald's or starbucks, but mcdonald's operates in about 110 countries and starbucks about 90 countries. so we're accelerating our overseas expansion. in april, we completed the acquisition of 7—eleven australia and its 750 stores. we're also big in asia. meanwhile, we only have about 300 stores in europe, right? so i'm in bangkok. and there's some serious obsession

with japanese convenience stores drawing the patronage of celebrities. and while 7—eleven operates in many countries, most customers say their stores in japan rule them all because of the fresh food selection. and that's something mr isaka is trying to address overseas. we're noticing a gap in performance between different countries. what we found is that stores which sell fresh food are attracting many more shoppers. we want to grow with high quality, notjust increase the quantity. we want to make sure customers are happy and increase sales of each store, whilst increasing the number of stores. in order to achieve that, we need to build a local supply chain just as we did injapan. but as a company which gets 60% of its revenue from selling food. food waste is a huge issue. our goal is to cut co2 emissions and to reduce food waste by 50% by 2030, and by 75% by 2050.

to achieve this goal, we took an innovative approach to extend the shelf life of food. we also empower store owners to discount food nearing its expiration date to sell products rather than waste. to date, 90% of stores participate in this initiative. the pilot test stores successfully reduced waste by 10%. in addition, our group of approximately 400 stores accept non—perishable food donations to help community members in need. now, as you may have seen, a rocket engine has exploded during a test at britain's new spaceport in shetland, off the north coast of scotland. scientists there are hoping to see the first full—engine test of a vertical rocket on european soil, as part of a project which aims to send satellites into space. so how far does this set them back?

earlier, i spoke to the ceo of that spaceport, frank strang, about whether he still thinks they will launch this year, and we began with his reaction to monday's fire on the launchpad. one of the many positives that came out of last night was that all our protocols and procedures that are in place to protect human life worked, and i'm very proud of the way that our team performed. you must remember, this is new to us. people will be delighted _ remember, this is new to us. people will be delighted that _ remember, this is new to us. people will be delighted that no _ remember, this is new to us. people will be delighted that no one - remember, this is new to us. people will be delighted that no one was - will be delighted that no one was hurt. they will be very interested in what is going to happen next. this was initiated injanuary 2021 and you were hoping for 30 lodges a year. what has to happen to see satellites launched into space from the uk? . ~ satellites launched into space from the uk? . ., y the uk? our client rocket factory will conduct _ the uk? our client rocket factory will conduct an _ the uk? our client rocket factory will conduct an investigation, - the uk? our client rocket factory| will conduct an investigation, and they will then get clearance. they have applied for their launch license from the civil aviation

authority. once they know the cause of the problem, and on sure they will find that out very quickly, it will find that out very quickly, it will be business as usual, and i will be business as usual, and i will expect us to head into launching the next few months. if it is not the rocket factory, we have three or four other working with us, seeking to get their launch licence, and some of them have already tested on island as well. more from the us, the entertainment giant disney has withdrawn its claim that a man could not sue it over the death of his wife due to terms he signed up to in a free trial of disney+. jeffrey piccolo filed a wrongful death lawsuit against disney and the owners of a restaurant after his wife died in 2023 from a severe allergic reaction following a meal at disney world in florida. let's get more on this with michelle fleury in new york. tell us more about this disney u—turn after quite a backlash, michelle. yeah, i mean, look, this dispute

centres on the question, does signing up for centres on the question, does signing upfora centres on the question, does signing up for a disney's popular streaming service mean that you have agreed to never sue the entertainment giant for anything, ever? that is what disney had argued last week. they were trying to force geoffrey piccolo into arbitration, and now they have reversed course after facing a backlash over that legal strategy, all stemming from the family's acceptance of terms and conditions when they signed up for a free trial of disney plus. in a statement, a disney chairman said, at disney, we strive to put humanity above all other considerations, saying that with such unique circumstances as the ones in this case, we believe the situation warrants a sensitive approach, he said, as he explained why they have decided to waive their right to arbitration. all of this began when arbitration. all of this began when a doctor from arbitration. all of this began when a doctorfrom new york arbitration. all of this began when

a doctor from new york died arbitration. all of this began when a doctorfrom new york died last october after she ate at a restaurant at one of disney's florida theme parks. then geoffrey piccolo, her husband, filed the suit, alleging that the irish pub did not do enough to take care of his wife's severe allergy, despite repeatedly being told about it. disney does not own the restaurant but initially they pushed for this case to be settled out of court. now the family, after the company lawyers claimed that these terms were a case of unconscionable now this case is going to have its day in court. ~ ~ this case is going to have its day in court. ~ . ., ~ i. , in court. michel, thank you very much. in court. michel, thank you very much- plenty — in court. michel, thank you very much. plenty more _ in court. michel, thank you very much. plenty more online, - in court. michel, thank you very - much. plenty more online, including the fact that the £1 coins featuring king charles are entering circulation this week. you are up—to—date.

hello, i'm annita mcveigh.

india's top court has ordered the creation of a national task force of doctors to make recommendations on their safety in the workplace. it follows the killing of the 31—year—old trainee doctor, who police say was raped and murdered at a hospital in the eastern city of kolkata. the incident has sparked demonstrations by thousands ofjunior doctors across the country, which have disrupted hospital services for almost a week. our correpondent, kirti dubey, from bbc hindi, is in kolkata. i'm going to ask you about that national task force in a moment, but first of all, the father of the victim in this case has been speaking. what has he said? 50. victim in this case has been speaking. what has he said? so, we soke to speaking. what has he said? so, we spoke to him — speaking. what has he said? so, we spoke to him over _ speaking. what has he said? so, we spoke to him over the _ speaking. what has he said? so, we spoke to him over the weekend, - speaking. what has he said? so, we | spoke to him over the weekend, and he was devastated, the family are devastated, because they have not got enough time to process the

grief, the loss and the horrific way