this is business live from bbc news with sally bundock and ben thompson. a second warning from the imf in 2a hours — saying there are "dangerous undercurrents" threatening the health of the global financial system. live from london, that's our top story on wednesday the 10th of october. new risks to global financial stability. that the message today from the international monetary fund. it says inequality has risen as the trade war escalates. also in the programme... shares in japan's softbank slide as it looks to take a stake in the shared office space firm wework. markets in europe are also headed down. we will talk you through what's ahead.

and today is world mental health day. so we'll get the inside track on whether firms are doing enough to help their staff and improve wellness at work. we wa nt we want you to get involved today. does your employer offer enough support for you? what schemes are in place if you need help? or does your employer turn a blind eye to the issue? let us know — just use the hashtag bbcbizlive. yes, do get in touch with us, we would love to hear your thoughts and comments and will share them later. let's begin with our top story. a decade after the financial crisis which rocked global markets and led to recession in many economies, the international monetary fund has released its global financial stability report taking a detailed look at some of the risks that still remain. it talks about a rise in global trade tensions could have serious

consequences for emerging markets. the imf warns this may lead to investors pulling their funds out of riskier investments and countries with high external debt. and then, emerging markets at risks themselves. the world's biggest economies now have $167 trillion worth of non—financial sector debt, which includes industries outside of banking like construction, for example. the figure is $54 trillion higher than a decade ago. the imf also has concerns that global stock markets — particularly the us — appear to be overpriced. consistent gdp growth will be required for the stock market to maintain its current pace. and there also worries that a breakdown in brexit talks between the uk and the european union could damage confidence in financial markets and create uncertainty. let's speak to our economics editor kamal ahmed —

who's now in bali. nice to see you. sally running through some of the details there. there are a real series of risks, a list of warnings from the imf. hard to know where to start, what do you make of the list? well, i think what the imf wants to do is to say that it is not a time for complacency. there is concerned, i think, with america and the american economy and the fiscal stimulus president trump has put in place, there is real growth there and money is flowing, largely from emerging markets to america. i think they are worried about bubbles building up, bubbles in stock markets and also there is a concern about the withdrawal of monetary stimulus, what central banks did, cutting interest rates, quantitative easing, printing money. the central bank ‘s response after

the financial crisis eventually coming to an end. the federal reserve raised interest rates to keep rates in america under control. the warning is about what you might describe as overstretch, the idea that the economy, the global economy, chasing profits, is in danger of overheating and overstretching between america and other economies. a very different tone from that to them that we saw this time last year at the annual meeting, when global growth was strong and america was starting to pick up but was not in danger of overheating. a different time today. the things that will worry many people, i think, the things that will worry many people, ithink, reading the things that will worry many people, i think, reading this report is the sense all those dangers you have touched on, those warnings from the imf and yet they will also say there is a danger we are all too complacent, that we think it won't happen? i think there is that and i think as well there is this idea that the one word that really was

front and centre of peoples minds in 2008, cooperation, the idea that countries came together, whether america, members of the european union or china, they worked together to try and fix and were successful to try and fix and were successful to an extent, in ensuring the global economy didn't tip from recession into depression. will it happen again this time? will global leaders come together, if there is this sharp shock that the imf says might happen? will global leaders come together again to work multilaterally or will the idea of nations going their own route, regulatory arbitrage, the idea people have different regulations around the world, that does increase risks, fragmentation markets. that is the big imf worry, that the cooperation of 2008 won't be buried there is a problem in 2018 or 19.“

there is a problem in 2018 or 19.“ there a sense this is alljust inevitable now, that this will happen or is there anything anyone in the world can do to stop a repeat of 2008? not at all. i don't want to say, i don't think anyone at the imf is saying inevitable. the imf brings out these reports as an early warning system. christine lagarde, the managing director, is urging countries to work together. as we have seen, some of the rhetoric might be strong from president trump orfrom china, the deals are might be strong from president trump or from china, the deals are still being made on trade. the deal between america, canada and mexico, for example. we had the treasury secretary saying he wants to for a deal with the european union and free trade, so not inevitable at all, but certainly the dashboard is glowing amber, not red, when this time last year there was much more green. kamal ahmed, good time last year there was much more green. kamalahmed, good to hear your thoughts on all of that. our

economics editor assessing what we have heard from the imf today. let's take a look at some of the other stories making the news. google?says it's filling an appeal against a record $5 billion fine. the european competiton commission ruled that google had forced smartphone makers to favour its own products if they wanted to run on android. burger king is in talks to open new restaurants in african countries including nigeria, to better compete with rival mcdonald's. ?daniel schwartz, chief executive of parent company? restaurant brands international, told the financial times he sees "huge opportunity" in the continent. the second biggest shareholder in tesla, baillie gifford, has now taken an interest in nio. that's a chinese electric vehicle maker which recently listed on the new york stock exchange. according to a regulatory filing, baillie gifford owns an 11% stake in nio. nio's shares rose 22% on the news. speaking of shares, a story breaking

this morning from the cafe shop chain patisserie valerie. its shares suspended this morning after it uncovered what it calls a significantly potential fraud in accounting irregularity. it says that they have dismissed the finance director. they say they are deeply concerned about the news on the potential impact on the business. much more detail and the business live page. shares in patisserie valerie suspended after discovering fraudulent activity, very little detail about what that could be but it could be amiss stating of profit. the last prophet updating we got was in may, they said half—year profits we re in may, they said half—year profits were about 14% higher. there will be a lot of scrutiny of what that statement said. more for you online. (pres - adlib biz

live pages) (tablet) japan's softbank group is in talks to take a majority stake in wework, the new york start—up that helped pioneer the concept of shared office space. tim mcdonald is in singapore with the details. good morning. it is interesting, wework appeared on so many high street, that idea you can go in and rent a couple of desks and you don't have to pay big overheads and softbank says we are interested, too. yes, this investment could potentially be 15— $20 billion. as you said, might potentially give softbank a majority stake. they are trying to cash in on this idea that a shared office is a good thing. they design and build custom spaces, appealing to freelancers, start—ups and anyone who can'tjustify going in an office lease on their own and it has something like 10 million square feet of office space and has plans for a major expansion into china as well. but at the moment, they are not really making any

money. so investors have taken a fairly dim view of the deal. softbank shares were punished today, falling 5% in to give us why are they doing this? softbank has a vision fund and they are looking to companies they believe might make a profit in the future. they obviously see something in this idea of shared space and they are taking a gamble on it. we will have to see if it pays off. thank you so much, tim. let's look at the markets across asia today. not too exciting in either direction, japan not too exciting in either direction,japan up not too exciting in either direction, japan up most of the session, butjust direction, japan up most of the session, but just slightly, direction, japan up most of the session, butjust slightly, and hong kong also. quite a roller—coaster this week with the various warnings coming from the imf, trade concerns and all that kind of thing on the minds of investors all the time. that is the backdrop and of course, tuesday global shares ended an eight week low. let's look at europe. we mentioned patisserie valerie shares

being suspended because it is being investigated, elsewhere clients across the board in europe, investors looking ahead to the next earnings season which starts very soon. earnings season which starts very soon. hopefully that will bring some excitement. let's look at the day on wall street. kim gittleson has the details. on wednesday, the key question will be whether or not investors are continuing to flee fixed income or bonds. right now, investor appetite forfixed income in the form of us treasury bills and bonds is declining, as us interest rate rise. on tuesday, we saw the yield on the us treasury bond hit a seven—year high. this is a big deal, because the fixed income market is significantly larger than the us stock market. so, the key question for investors is whether or not this will be a sustained market correction or whether or not it's just a short blip. joining us is richard hunter, head of markets at interactive investor. nice to see you. morning. kim

touching on some earnings. we are getting a lot of third—quarter earnings, what do they tell us? markets are earnings, what do they tell us? markets a re pretty earnings, what do they tell us? markets are pretty volatile every time they get a new update. a tale of two cities, in terms of new york and london. us markets on an absolute hair on the back of the booming economy we've been seeing. expectations are ayane are getting higher. the imminent third—quarter report, it has a lot to live up to. we heard only the other day from the federal reserve chairman, said one of the things around the current economic boom is it could be indefinite. those are very brave words, obviously, but in terms of the data we are seeing coming through in the states, that could, if us companies do shoot the lights out again this quarter, there is no reason why does market shouldn't continue to build. you used the phrase absolute hair in the us, but a different picture elsewhere, pretty subdued ? a different picture elsewhere,

pretty subdued? europe has its own problems, but there is a big difference between what the us and uk are doing. the ftse 100 difference between what the us and uk are doing. the ftse100 is down nearly 6% on the year to date. that is some going, injust nearly 6% on the year to date. that is some going, in just over nine months. the recent strength of sterling has helped. you can understand investors reluctance, can't you ? understand investors reluctance, can't you? absolutely. even this late on in the brexit conversations, we still don't know whether no deal with the possibility so not surprisingly, businesses are not reinvesting in themselves. that sort of sentiment pervades in the uk at the moment, unfortunately. for now, thank you. i know you will be back to talk us through some of the stories in the papers including plastic pollution, and other scary story about that. still to come... today is world mental health day. and so we'll get the inside track on whether firms are doing enough to help their staff and improve wellness at work. a really big issue and we will talk about that shortly. you're with business

live from bbc news. first, something you may not realise... jersey now has the fastest broadband speeds in the world after the installation of a "full fibre" connection to 40,000 homes and businesses. cables run right to the front door of every property on the island which ensures guaranteed data speeds. our technology correspondent rory cellan—jones is in jersey finding out more. they've all got to it. from a castle where it arrived down a causeway in high tide to a girls school were all students and teachers rely on it in lessons. to the farm where these jersey cows are arriving at a high—tech milking parlour. yes, they've all got fast fibre broadband now available everywhere on the island. that's becausejersey has gone down a different route from the

uk, taking fibre right into the home, rather than relying on a copper cable for the last stretch. in the uk, a cable typically connected to a cabinet, green cabinet in your street, close to your home. if a motorway is being built close to your road. injersey, we are building the motorway all the way into your home. the hope is that having a future proofed broadband connection will help all kinds of businesses, like lodge farm with its 200 dairy cattle. this may look like an old—fashioned kind of business, but it is benefiting from the fast fibre. each of these cows, they are effectively online, sending data to the cloud. this afternoon she is given just over eight litres of milk. the cows are sending data notjust to the farm's computers but to a company in the uk, and monitoring the performance of the milking equipment. at this school, every pupil has a

small laptop connected to the fast wi—fi network. small laptop connected to the fast wi-fi network. as you can see on your google classroom, you will be working in groups. small groups. all the lessons are stored online, accessible at home as well as at school and the whole system is now cheaper to run. it hasn't been cheap to dig up the roads and lay fibre—optic cables everywhere, but with the main telecoms company owned by the island was my government, they've been able to take a long—term view. nowjersey thinks it can teach the rest of us a few lessons about the fast fibre future. you're watching business live — our top story: the international monetary fund is warning that "dangerous undercurrents" posing a rising threat to the global economy. it says inequality has risen and moves towards a trade war could significantly

harm global growth. in its latest report. mental health used to be something which was often swept under the carpet and talked about in hushed tones, if at all. but there's a growing awareness of why facing up to it, and getting the right help when you need it, is vital. today is world mental health day and it's designed to highlight what's being done, and what more needs to be done to make sure people can get help when they need it. here in the uk, the statistics are startling. every year, one in four people will face a common mental health issue. and one person in seven will experience mental health issues at work. one study estimates that better workplace provision of help could save british business about $10 billion every year. with me is poppyjaman, co—founder and ceo of the city mental health alliance. tell us about the alliance, what is

it? city mental health alliance is made up of professional and financial services sector and they have formed a collaboration to change the culture of mental health within their workplaces. creating a culture of openness around mental health is the vision. this is after the financial crisis? city mental health alliance has been going for six years and is led by business expert guided, which is absolutely critical. all members of the city mental health alliance need this agenda and lead in aid from the top. without that culture change would not happen. readership is critical to this agenda. we're talking about this from a city business perspective given the programme. dutchman leadership is crucial. this can dutchman leadership is crucial. this ca n affect dutchman leadership is crucial. this can affect anyone in any organisation but the provision of help is so vastly different depending on where you are. -- 's leadership is crucial. we have an organisation called building minds,

which looks at the construction industry and organisations like wh smith who trained up all the staff including shop floor managers across the country. ford are doing this and the country. ford are doing this and the bbc itself. actually, the mental health issues and the fact that this isa health issues and the fact that this is a workplace agenda is brilliant for people like me that have been working in the sector for the last 20 years. if you are not doing it, you will be left out, you are not an organisation with a future vision.|j know that for men, suicide is one of the biggest killers for men they age in this country in the uk. the city of london is seen as a male dominated environment. in the time you've been working there, what has changed? i think so. you've been working there, what has changed? ithink so. six you've been working there, what has changed? i think so. six years ago, it was very difficult to get anybody in the city to talk about their lived experience of a mental health issue because of the fear. you could understand it. "am i going to lose myjob? ami understand it. "am i going to lose myjob? am i going to be seen as we? what does that mean for me as a

manager?" there's a stigma still exist but six years on, in april last year i had the ceo of lloyd's who talked about his experience of stress very openly. he talked about the implications of that at lloyd's and the changes he has put in place. i remember, when you mentioned that to me earlier, i thought, yes, remember him taking time off for quite some... several weeks. we did it as quite some... several weeks. we did itasa quite some... several weeks. we did it as a story and at the time we didn't know why that was. it is very interesting and helpful that he has been so open about this because he was a ceo of lloyds banking group.|j mean... yeah. it's really helpful. that's one story. look at members of city mental health alliance hsbc, we have brian heyworth, the vice at city mental health alliance, he has talked openly about his experience was of you have leaders from ceos, board level, right the way through tojunior board level, right the way through to junior members of staff, people

from the graduate schemes and in towns and school leavers. they are talking about mental health. that is what is making the difference —— and in turns. what are the warning signs, the things people can look for in ourselves and our colleagues, workmates in the workplace? what do we need to keep an eye out for? briefly, mental health first aid is a training programme that city and workplaces around the country are rolling out, 300,000 people had been trained. that is about making mental health just as much as a priority as firstaid. like health just as much as a priority as first aid. like a cut on a finger or a broken leg, mental health is on a par. the where's you head at petition went to parliament to get legislation amended so that we are looking at mental health in the same way as physical health in the workplace. timmy, that makes sense this day and age. going back to your question, that is one way to very quickly get yourself educated —— to

me, that makes sense. but you are looking for change. we should all know ourselves well enough to know that when we are losing sleep, under eating, overeating, when we are feeling agitated, what does that look like for us as individuals? and then, what do we need to do about that? do we need to meditate? do we need to have a chat with a mate? do we need to have a conversation with our manager? we should be doing that at the early stages, not when actually got significant long—term health issues. it has been good to have me on the programme, thank you for sharing your expertise today. we have heard from people. all morning. jerome says, i work for a big from people. all morning. jerome says, iwork for a big it from people. all morning. jerome says, i work for a big it company seniorfinance position, says, i work for a big it company senior finance position, lots says, i work for a big it company seniorfinance position, lots of responsibility looking at. and he might be showing signs of mental health issues, whether it is work related or not. sometimes you can't help but bring personal things into work and it might affect how you do yourjob. a in nigeria says mental

health issues are always considered as spiritual in nigeria —— a viewer in nigeria. they can only be treated as spiritually. lots of people from japan, one viewer in tokyo saying it's terrible over there, hardly discussed or talked about and yet it is such a big issue. such a stigma in many countries but hopefully that will begin to change. in a moment, we'll take a look through the business pages but first here's a quick reminder of how to get in touch with us. stay up—to—date with all the day's business news as it happens on the bbc‘s business live page. there's insight and analysis from our team of editors right around the globe. and we want to hear from you, too. get involved on the's is business live web page at bbc.com/business. 0n twitter we're at bbc business. and you can find us on facebook at bbc money. business live, on tv and online. what you need to know, when you need to know. richard is back, as promised.

coca—cola and nestle among the worst plastic polluters. they have been sifting through almost 200,000 pictures of plastic from around the world looked at the plastic to see what they are calling brand audit. the kind of brands that keep popping up. coca—cola and nestle and pepsico get a dishonourable mention. this does not surprise me at all. my immediate thought was, it's the people who have bought the bottle of coca—cola that has just been chucked away or not recycled, that kind of thing. because they literally sell their products worldwide, en masse. they are bound to find more coca—cola plastic bottles and say another company. absolutely. there is an element of individual responsibility but if the plastic is recycla ble responsibility but if the plastic is recyclable or even dissolvable in the first place, that wouldn't be an issue. that would be a great help. 0r issue. that would be a great help. or the manufacturer thinks about is end to end on ways to collect that,

whereas, select it is off their shelves, it's not their problem. this is high profile. two of the three companies we have mentioned are promising to have this sorted out pretty much by 2025. it seems a long way away. it does. we have the scheme in the uk, no other countries are doing a similar thing, where you return i was going to say china bottles! glass bottles explanation mark my brain! you get 50p, 10p, whatever, great encouragement for young people who want to raise pocket money. they are called reverse vending machines. already quite popular in australia. and in greece, they do them very well. it is that idea of trying to bring a full life cycle and close the circle rather than dumping it. thank you, richard. thank you. what ever you are up too, have a good day to day. make it a profitable one. thank you for your company. goodbye. summer is making a return

to our shores today. temperature to our shores today. is way above the average for temperature is way above the average for this time of year. air is coming from north africa through spain, france and heading across the united kingdom. it will only be one day. by thursday and the end of the week, we are looking at potentially disruptive weather with some gales and heavy rain. let's get back to today. there's a bit of cloud around this morning that even if you got some cloud, it will still be bright and sunny for most of us. we lose that rain across the west of scotland, much better here than it was over the last few days. it will be warm for all of us, highest temperatures in central and southern areas, to 2a but even further north across scotland, those temperatures up across scotland, those temperatures up to 20. tonight, there will be some clear spells for many, but showers move their way out of france

into south—western england, wales and southern england. a bit of rain spreads into the west of northern ireland. temperatures staying up at 12-15, ireland. temperatures staying up at 12—15, quite a warm and marquee night. thursday, we have this weather front, cold front that will move its way in from the west. it will change conditions. today is the only really warm and dry and sunny day for all of us. first, the rain pushes in from the west with chilly air behind. sunshine and decent conditions across central and eastern areas for most on thursday. that means temperatures still getting up to about 20 or 22. friday, things are really tan quite disruptive. this big area of low pressure moving its weight close to the united kingdom —— it will really tan quite disruptive. —— moving its way. north—western areas also some

heavy rain moving its way in. that will get heavier throughout parts of wales and north—west england which could lead to localised flooding and the winds will be strong for all of us, gusting 40, 50 mph towards the south—east. the north—west, 70 and perhaps even 80 mph, those wind strength is likely to cause travel disruption and problems throughout the day. with that heavy rain. temperatures still about 17—20. it will turn chilly into the weekend. goodbye. hello, it's wednesday, it's 9am, i'm victoria derbyshire, welcome to the programme. it's time for westminster to "wake up" and legislate to decriminalise abortion in northern ireland. that's what conservative mps have exclusively told this programme. we hearfrom one woman who had to carry her dead baby to term because she couldn't have a termination in northern ireland and was too ill to travel. every minute of the day, every second of the day, you have to live with that knowledge the child that's moving around

inside you is a child that's going to die. i had thought that she would still look like a normal baby, but she didn't. her body had started to decompose. i remember, denise said to me, "what does she look like?", i said, "she's beautiful", but i was trying to hold in the tears, because i couldn't see. all i could see was a dark space where her face should have been.