take the first step toward scrapping the accord under the two thousand and fifteen deal tehran agreed to limit its disputed nuclear program in return for the easing of economic sanctions. the albuquerque international balloon fiesta has opened in the u.s. state of new mexico loons of all shapes lined up in the skies above new mexico's capital of nearly a million hot air balloon enthusiastic are expected to attend the week long event. following the controversial referendum protesters on the streets of possible i want to see councillor mia become independent as soon as possible. the vast majority of voters hope to break away from spain but in the past week the political situation

has been desperate. separation could have tire consequences for the spanish economy without catalonia spain would lose around a fifth of its economic power the car manufacturers say outproduce is in catalonia and the region also has a strong chemical and pharmaceutical industry. invest as a rattles. on the matrix stock exchange share prices continue to slide more than three hundred points of shed over the past week. just over a hundred year and my sense is that this independence attend isn't going down well as the most. often media but i for one and but in the ninety's your sense and happy nation was how shall i not simply want to ignore any of them come. independence may not be plain sailing for catalonia is economy if companies based that are not facts on the region. this. anish bank bank based in barcelona and bank have

already announced plans to leave. both are worried about losing access to the euro zone and funds from the european central bank. german companies with branches in catalonia could also follow suit. there are five hundred of them and they've been given this advice. going to expand zones put any potential expansion plans on the move and see bones in this in the coming weeks and for us to see in its own way this one is about to have a few other locations around within the. person on your own to the markets as dicey and patient been marked to see from cent probably totally missed. the spanish government to madrid also knows this on thursday evening they said they want to make it easier for companies to establish new sites in spain. patients at the european

commission is running thin islands government is in trouble for failing to collect taxes from us giant apple. the e.u. competition commission announced that brussels will take ireland to court. than a year ago the commission decision. requiring ireland to cover up to thirteen billion euros. from apple. however island has still not recovered any money not even in part. currently appealing the case it's all cues that the revenues in question a subject to u.s. tax rules instead. meanwhile luxemburg was also singled out by the commissioner on wednesday with the ruling that it has granted online shopping giant amazon un to tax benefits for the past eight years leaving around three quarters of

its profits on taxed. it was not justified amazon now has to repay a tax benefit worth around two hundred fifty million euro plus interest the commission's position is clear it states that no matter your flag or ownership paying your taxes is part of doing business in the european union. british airline monaco has gone bankrupt following alitalia and len is the third major european airline to collapse this year. the message came early on monday a shock to many holiday makers over one hundred thousand tourists a stranded many in the mediterranean. the government is vowing to bring them home in what it calls the country's biggest ever peacetime repatriation we expect the vast vast majority of one hundred ten thousand monarch passengers who are currently

on holiday with monarch to come back to carry within the next two weeks that that's exactly what is expected britain's fifth biggest airline had struggled with losses but hope to turn things around with orders for boeing's latest seven three seven planes and a cost cutting program. bankruptcy remiss world last year but there monaco is able to draw a new line of credit now that it's gone so is the airline. with a decision really was a result of continued losses losses been sustained for quite some time forecast to continue mainly as a result of depressed prices in the market overcapacity in the short haul market as many priests have been depressed for some time. britain's transport minister says other airlines have plans to quickly hire a monarch stuff. but that's little consolation for the three hundred thousand people who helped tickets to fly a monarch. they won't be going anywhere. and

now an overview of other major topics the federation of german industries has borne german companies in britain to prepare for a heartbreaks it not doing so would be quite naive since the negotiations so far have made very little progress. they say to reason mais government lacks a clear policy and if britain leaves the e.u. without proper plans in place that we devastating consequences for everyone involved britain is germany's biggest european export market for cars b.m.w. operates many plants in the country. inflation is again on the rise in turkey state officials say the annualized rate rose to eleven point two percent in september and it could climb further according to analysts rising exports and fiscal stimulus a feast of the turkish economy which is lifted consumer spending that means upward

pressure on the cost of goods president said in a speech the high inflation is a problem and that he expected the central bank to act. a u.s. senate panel has given the green light for south driving cars the senators have called for uniform nationwide regulations. this new bellwether lao call micah's like general motors ford and the google parent company alphabet to each cell up to eighty thousand south driving cars every year if that proven to be say. the full senate must take up the bill before it becomes law. top wall street bank goldman sachs could become the first major firm to start trading in coins big investors have apparently shown a keen interest in the digital currency sources say goldman would likely create a team to trade the currencies much as authority trade zeroes and treasury bonds such a mean if would be a breakthrough for the cyber currency. huge quantities of change are no longer in

circulation in germany over eleven billion one cent coins have been produced in the country but eighty percent of them by the been hoarded or lost according to the government the two cent coin has seen a similar fate cent coins totaling two hundred twenty million euros and no longer being used in transactions and critics say making the coins is a waste of metal five eurozone countries have already scrapped the small coins including italy where all prices around it to the nearest five cents. in iran the overwhelming bulk of freight is transported by road traffic jams a normal especially around the iranian capital the eighteen million residents in the terran metropolitan region on the altar maybe an industry which is based here have a huge appetite for role materials. but reza carry the head of the region's state

run railway says there's an alternative he's talking about the eleven thousand kilometers of railway rates that cross around. all goal is to move thirty percent of freight by rail. a long way from the. moment just over ten percent. if we're going to raise that we have to improve all aspects of our rail about her struggle. in african just south of tehran the two most important railway lines in the middle east cross each other. one runs from the port of bandar a pass on the persian gulf in the south to azerbaijan in the north the other runs east west from afghanistan to iraq. the swiss trans invest logistics create wants to invest thirty million u.s. dollars in the next two and a half years to build the country's most modern freight hub covering an area the

size of eighty football fields. we are planning to build dry ports here. like you come to new york here for the full country you know an m.p. country near what took the car we're moving by proxy no we are planning. the shipment white crane from the species from the band. to pier brought by train because it's more economy and that it's. more there. to get long distance freight moving faster at lower cost reza chicanery sees rail is the only practical solution but he says iran needs european logistical experience to make this happen that experience is being brought in by private investors. but this kind of foreign private investment is a massive help if you will welcome it and would like to see more of it and we're trying to remove hurdles so that things can be done. up until now

a print has seen traffic of between six hundred and twelve hundred goods wagons a day when the new freight terminals completed she carey is expecting many times that number. germany's twenty seventeen wind has been praised but harvests a twenty percent lower than usual late frost and some hail storms to blame the. extreme but climate change and extreme weather mean different conditions in individual growing areas with a twenty percent drop across germany doesn't mean everybody juicer was down twenty percent in most of the producers and the regions of reflected differently. but the three largest wine producing areas in the country ryan has the plot to night and bald and each soul drops of about twenty percent from the year before the few gains came mostly from the east. germany's numbers are comparable to overall declines in europe italy and france are also reporting much lower grade. but the quality of

this year's grapes is better say the wine makers thanks in part to late september sunshine but business point be easing could be and from between it's a big challenge for individual produce and says don't lose money you know question the prize because international competition is to face for them to raise prices including out of it perhaps their course. he's still a fan of the twenty seven team by i'm not so we can review. those venues and germany is a strong country. that we have achieved so much we can do this and if something him to resign we must overcome it in the. going where it's uncomfortable global news

that matters.