not be acceptable for friends or it so you see the partners do see do the organization for economic cooperation and development is currently working on a proposal for an internationally agreed minimum tax for globally active companies but france plowed ahead this summer with its digital tax other countries like italy plan to follow suit and that has provoked the americans into retaliating with import tariffs on french products. if you double your financial correspondent yes court is joining us for more yes the u.s. is showing quite a lot of resistance to these possible taxation rules would it hurt american companies that much is it such a big deal. well there's a lot of discussion going on 1st of all one of the ideas is that revenue and profits are supposed to get taxed and then well if francis starts the digits of texas and the u.s. corporations culpably it could deal with that but we also have other countries of the u.k. it's a league canada also have very similar ideas so at the end the bill certainly would i mean we're talking about a multi 1000000000 dollar companies and also washington is not always happ

for future generations, a bill will enshrine in law environmental principles and legally binding targets, including for air quality. it will also ban the export of polluting plastic waste to countries outside the organization for economic cooperation and development. newestablish a world-leading independent regulator and statutes. a constitution democracy and rights commission will be established. work will be taken forward to repeal the first six term parliament act. my government will continue to invest in our gallant armed forces. my government will honor them and further cooperate into law. and the commitment to spend at least 2% of national income on defense. it will bring forward proposals to tackle claims that undermine our armed forces. we will continue to seek better ways of dealing with legacy issues that provide better outcomes for victims and survivors. my government will work to promote and expand the united kingdom's influence in the world, and integrate the security, defense, and foreign policy review will be undertaken to reassess the nation's place in the world, covering all aspects of international policy, from defense to diplomacy and development. my ministers will promote the united kingdom's interest, including freedom of spe

on global tech giants he prefers an agreement on international taxation the organization for economic cooperation and development or deep u.s. has threatened 100 percent tariffs and reprisal for france's digital tax on companies like amazon and google. and wanda has signed a deal with french soccer club. to show visit wanda logo on their banners and shirts how much want to pay for the 3 year deal has not been disclosed english club arsenal already have a similar arrangement with the rwandan government. and before we go from small and nimble to large and powerful there are multiple uses for drones as you know unfortunately not all of them are safe at the amsterdam drone week the industry meets to show off the latest innovations and discuss how to tackle the security issues as more and more robots take to the skies a reporter told christiane but it's went to check it out. the science fiction feeling continues as drones explore new areas even on the ground this inspection drone feels at home in our cities sewage pipes for example protected by a carbon fiber cage the majority of applications lies in the open sky how

giants like google apple facebook an amazon and wait for inteternational legegislation. a letter to the organization for economic cooperation and development us treasury secretary stephen isshin said the u. s. w was in favor of the framework it't's being negotiatd by the gro m member statates. this week donald trump threatened to increase tariffs on french goods like cheese and champagne in retaliation for the so called gaffe attacks. the menu macro had already agreed to withdraw that unilateral french tax if and when a broader deal is implemented. meanwhile global markets been responding to o the latestst reports about the us china trade war. a day after the trump administration suggested it could delay it deal with beijing until after the twenty twenty elections. bloomberg reported t tt nenegotiators from the world's two largest economies are in fafact making progress towards n initial phase of f a deal- that report citing sourceses familiar with the talks. it was enough to boost walll street the dow jones snapped a three day losing streak up up nearly a hundred and fifty points at the closing bell. shares of apple were up 2% after googl

the p. is a survey is carried out every three years by the paris based organization for economic cooperation and development. the latest study b based on to our tests taken by six hundred thousand fifteen year olds l lat year. suree the chinese stutunts top the r rkings aheadad of ther western counterparts in readinig %-pe average. however the t tests of appepeared to reveal some shocking trends fewer than one in ten students. in the oecd countries. we're able to distinguish between fact. and opinion and inequality appears to be assiststing acacross the board in some countries the gap in reading performance. between the 10% most social economically advantaged. and the 10% most disadvantaged students. would requirement of more than four years of schooling. focusing on developed oecd countries with us said it was disappointing but most m member states had sen virtually no improvemement in te performance of their students since the first p pizza surury f twtwo thousand.. t this despitea 15% increase in expenditure per primary and secondary students across oecd countries over the past decade. that's sever mongi

economics i'm patriotic thank you so much for joining us today. chinese students are now the smartest in the world in the latest try any all study conducted by the organization for economic cooperation and development 15 year old chinese students tested better in reading math and science and students in any other the $78.00 participating countries in math and science by a significantly wide margin and in reading only singapore came close when rounding out the top 5 in each category china singapore macau and hong kong consistently place in the top 4 and a stony i came in 5th place in science and reading american students on the other hand performed above the o.e.c.d. average in reading and science but below in math on average across the o.e.c.d. countries girls significantly out of form boys in reading by 30 points so with education being more important than ever in this new digital age the quality of education in the students will feed into the strength of the next economy now kristie when i see this and i read this all i can think is you know here is an american of course is that you know our public school system has kind of started to fail but why do you think the asian countries are being able t

the organization for economic cooperation and development has outlined a plan to overhaul global tax, u.s. has reservations. the u.s. wants companies to have a choice to fully opt in or out of the plan which is driven by concerns that big tech companies are not paying enough in taxes or in the right countries. let's go to capitol hill in washington with our corporate tax reporter laura davison is standing by. explain to us this safe harbor proposal suggested by secretary mnuchin. what is the u.s. concerned about here? laura: what the plan would do is to say instead of with the current system where the company pay tax where the early incomes -- if they earn it in the u.s., they pay the income there -- they are saying they will pay taxes where the users are which is different from where the ir organizations are. the u.s. says this is fine but we want to make it optional. the reason is they believe that if companies have a choice, they might be paying more taxes in the u.s. versus other countries. this is a play to keep the u.s. tax base within arms of the irs. taylor: big tech sort of w

cordray: the chamber can see the chart on my right which is prepared by the organization for economic cooperation and development which shows that the american people pay far more for prescription drugs than any other country in the world. mr. courtney: per capital, the -- cap tark the u.s. spends more than any other country. specific examples of this outrageous disparity abound. a vile of insulin in the -- a $76,of insulin in the sust in canada it's $32. in the u.s. an epi-pen is $608. in the u.k., $69. 79% of americans think the cost of prescription drugs is unreasonable. approximately one third of american say they haven't taken their medicine as prescribed because of trouble affording it. this week, congress will vote, haslly, to use the medicare to get drug prices in line if the international price index. c.b.o. confirmed this bill will save patients millions of dollars and will ensure that this chart changes for the better. crucially this bill is unique from other proposals by lowering drug costs not just for medicare but for the 50% of merps who receive their health insurance through work. it directs the

for companies like google amazon and facebook u.s. treasury secretary steven. the organization of economic cooperation and development o.e.c.d. against overhauling existing international taxation rules but france sees that very differently. right now global giants like amazon and google or facebook can decide themselves in which country they tax their profits or regulation the u.s. in particular would like to preserve paris wants profits that are made in friends to be taxed in france and it's determined to enforce that. the american proposal for a solution in which companies choose whether to be taxed or not does not convince me if i haven't seen a lot of companies that freely accept being taxed level is counted on everyone's philanthropy but i'm not sure that with regard to public finance it goes a long way so an optional solution obviously will not be acceptable for friends or it so you see partners you the organization for economic co-operation and development is currently working on a proposal for an internationally agreed minimum tax for globally active companies in france plowed ahead this summer with its digital tax ot