low corporate tax rates and a topjob for elon musk — donald trump lays out his economic vision for the us ahead of the election. and we hear from the beer boss who destroyed the first shipment of his product — find out why later on the programme. hello and welcome to business today. i'm steve lai. we begin in the us, where 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 government job for controversial billionaire elon musk. here's ritika gupta with the details the main highlight of donald trump's 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 trump's 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 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%. trump's proposals also include an idea from tesla ceo elon musk to create a government efficiency commission. this would be to eliminate wasteful federal spending — a shot at the biden—harris administration's spending levels. i will create a government efficiency commission tasked with conducting a complete financial and performance audit of the entire federal government, and making recommendations for drastic reforms. we need to do it. can't go on the way we are now. and elon, because he's not very busy, has agreed

to head that task force. this comes as both trump and harris are ramping up their efforts to court swing state voters as well as business executives in an election where the economy is a dominant issue. later on friday, the us will release a crucialjobs report. data out on thursday showed private employers hired the fewest workers in three and a half years in august. there are concerns that signals a sharp slowdown in the labour market. markets are anxiously waiting for friday's report as that could clarify how fast the us central bank will cut interest rates at its september meeting. plenty more analysis on why the jobs data matters so much on our website. on why the jobs data president xijinping has promised to step up china's support across africa with $51 billion over three years. the money will go towards infrastructure projects and the creation of at leastone millionjobs. xi made the announcement at a gathering of 50

african nations in beijing for the china—africa co—operation summit. let's bring in eric olander from the china—global south project measuring it by dollars is the wrong way because the psalms of the amounts of ease of these there is no measure to verify on following through and delivering it, more important to look at the substance and consistency of these meetings, which differentiates china from the united states and other partners because they have these meetings every three years and they are important at stabilizing this increasingly vital geopolitical relationship. vital geopolitical relationshi -. , , relationship. given china's current economic - relationship. given china'sl current economic struggles relationship. given china's - current economic struggles are the able to afford these initiatives?— the able to afford these initiatives? , . ., , initiatives? they are, china is a $14 trillion _ initiatives? they are, china is a $14 trillion economy, - initiatives? they are, china is a $14 trillion economy, so - initiatives? they are, china is| a $14 trillion economy, so the amount of money being allocated to places like africa is

insignificant in the large scheme of things, and inlets of the money in this new package will be in the form of credits diverted to chinese companies, so in many respects, it is not going to be the type of sovereign loans we saw in the past to build large—scale infrastructure projects in africa, those are gone, this is the smaller and beautiful error, the initiative of the beds and or new environmental sustainability. iii beds and or new environmental sustainability.— sustainability. if you are seeinu sustainability. if you are seeing this _ sustainability. if you are seeing this money - sustainability. if you are seeing this money will. sustainability. if you are l seeing this money will go sustainability. if you are - seeing this money will go back to chinese companies working in these african nations, how much of a and if it do the people in african nations benefit? they benefit from _ african nations benefit? they benefit from more _ african nations benefit? tie: benefit from more engagement with the chinese corporate actors, it's not different from the united states and european do with shipping corn from iowa to africa, it's for the farmers and i would not the africans themselves, so this is not indifferent, but what we see here, it's important to pull away from the numbers and look

at the breath of the engagement, she's xi jinping talks about security and lots of african priorities in that speech which shows an evolution of the relationship be more balanced than it was ten years ago. 0pec+ decides to delay its planned oil output increase for october and november. this comes after oil prices hit a nine—month low due to concerns about the weakening global economy and slow demand from china. the group, which includes opec members and allies led by russia, says they may further pause or roll back the hike if needed. the uk has set out new legislation to improve oversight of water companies. sewage spills hit a record high in 2023, with private companies being blamed for the pollution. thames water is the country's biggest supplier and has been criticised for racking up billions of dollars in debt. critics say stakes by foreign companies and sovereign wealth funds are part of the problem. leong ching was started utilities in asia and explained

how that would work. what utility skis can be run by private companies or by the government but i think those on by sovereign wealth fund would be quite rare, but i don't want to say that is not related roots of the problem because ownership does not really determine performance because as you see, some of government utilities like the ones in singapore, which do quite well, but you can also see that private contractors like the one in manila, which also does well, so the ownership structure, whether public or private, i think at least, may not determine how it works out in the end. in not determine how it works out in the end-— in the end. in the case of thames _ in the end. in the case of thames water, _ in the end. in the case of thames water, what - in the end. in the case of| thames water, what went in the end. in the case of- thames water, what went wrong that needs to be put right? that would take more than two minutes, steve, but as you know, they were in asia for inter—konsa, actually, when the privatization effort

perception, and at some point they were also in china. quite a lot of it has to do with pricing. it's surprising because right now there's a lot of unhappiness about the plans to raise prices, but i want to sit in real terms, prices relented have not gone up in the uk in the past ten years. i will give an example. in singapore, the water utilities under the government, it's on a zero profit basis, but it is also on a zero subsidy basis, so it is priced to cost recovery, and in 2017, we had one price increase, and recently another price increase, so since 2017, the price of water has gone up about 15% —— about 40%, so even when ever meant runs the water utility, price increases have come quite fast and furious in the past two years, and the uk, not really, so i think if you do not have price increases, it

goes to revenue stream. providers of virtual private networks, or vpns, say they've seen an unprecedented surge in demand in brazil since the social media platform x was banned there. by more than 1800%. a brazilian supreme court judge ordered that x be suspended after its owner, elon musk, refused to take down several accounts accused of spreading disinformation. the orlando —based chain which closed in 93 locations —— 93 locations before filing for bankruptcy, says new owner of invest more than $63 million to revitalize the brand. now, why on earth would the ceo of a beer company want to destroy his first ever

consignment of beerjust before it goes to market? well it happened to bill shufelt, and he's been explaining why — and what he learned... scariest moment in our company's history — destroying the first truckload of beer we ever had packaged to go out the door. the first time we ever filled a full truckload of beer, our first order to really go out the door, we didn't feel that great about the quality of the beer, ultimately, when it was in the package. and we had no money in the bank account, we had almost no resources. we had a three person team, and we decided to destroy the full truckload and get it right for the benefit of our customers. full strength alcoholic beer has one of the world's best

preservatives in ethanol in the product. non—alcoholic beer inherently does not have that protection. so early on we were learning that without that preservative, our product wouldn't be shelf stable on the shelf for very long. we went through the incredible investment of installing tunnel pasteurisers in all of our breweries. since then, though, we've never had to question that we are sending out the highest quality products to our customers. and our biggest takeaway from all this is that in business, you only get one chance to make a first impression, so definitely put your best foot forward. the uk competition regulator is investigating ticketmaster over the sale of oasis tickets, including the use of dynamic pricing. the competition and markets authority is looking into whether ticket—selling platform breached consumer protection law. and that's it for this edition of business today. thanks for watching.

hey, i'm lola with the catchup. tonight, oasis tickets investigation, jack draper into the us open semis, and a rare fireball. but first, 0lympian rebecca cheptegei has died four days after allegedly being set

on fire by her ex—boyfriend. the ugandan marathon runner was reportedly doused with petrol at her home in kenya. the government there says more needs to be done to tackle gender—based violence in the country. some other stories now. a crew member on a royal navy helicopter has died after the aircraft ditched into the english channel during a training exercise last night. two others were rescued but were not seriously injured. and an investigation has been launched into the sale of oasis tickets. the competition regulator is looking into whether ticketmaster breached breach consumer protection law, including the use of dynamic pricing. and jack draper has reached his first grand slam semifinal. the 22 year old's break—out run at the us open reached new heights as he became the first british man to reach the final four in new york since 2012. he'll play in the semifinals on friday.

youtube is to restrict recommendations of certain health and fitness videos to teenagers, it says. 13 to 17—year—old users will still be able to search for and view fitness related content, but will not be encouraged into repeated viewing of similar videos. time now for ten seconds of a fireball. a small asteroid was spotted lighting up the night sky in the philippines. it's only the ninth asteroid ever spotted by humans before hitting earth, and you're all caught up. have a great night.

hello and welcome to sportsday — i'mjane dougall. scotland's misery continues, after a disappointing euros, a late penalty at hampden gives poland the win in the nations league. he's in charge of all three formats now. head coach brendon mccullum says he expects test captain ben stokes to also be "all in" with his commitment. and he didn'tjust break it, gb�*s dan pembroke smashed the world record twice in the para javelin. welcome to the programme. a tale of two countries in the nations league — a win for northern ireland, but a defeat for scotland.