ended his country's nuclear deal with world powers warning the u.s. not to violate it he said the entire world would condemn washington his words followed reports the president may soon take the first step toward scrapping the accord. 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 capitol nearly a million hot air balloon enthuses circ specter to attend the week long event. following the controversial referendum protestors on the streets apostle want to see catalonia become independent as soon as possible. the vast majority of voters opted to breakaway 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 metric stock exchange prices continue to slide more than three hundred points have shed over the past week. just over the coming year and my sense is that this independence for ten it isn't going down well as he moves from the e.u. he's off to media but what i meant in the ninety's a sense and population was how shall i not simply want to ignore them come. independence may not be plain sailing for catalonia is economy if companies based that are not facts on the region. the spanish banks bank based. in barcelona and

banks 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. to expand zones put any potential expansion plans on the move and see wontons 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 name when you think the market is dicey in the capacious been marked to see from central of the total list. 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 island's 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. 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. apple is currently appealing the case it argues 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 under you tax benefits for the past eight years leaving

a round three quarters of its profits on taxed. it was not justified and this is now has to repay the tax benefit worth around two hundred fifty million euro's 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 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 to the vast vast majority of one hundred ten thousand monarch passengers who are currently

on holiday with monarch to come back to the u.k. within the next two weeks not 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 remus world last year but that monica was 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 has meant price have been depressed for some time. britain's transport minister says other lines have plans to quickly hire monex 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 tacking up 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 boost of the turkish economy which has lifted consumer spending that means upward pressure on the cost of goods president had once 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 fund 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 trades euros and treasury bonds such a move 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 bin hold it according to the government the two cent coin has seen a similar fate cent coins totaling two hundred twenty million euros are 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 all prices around it to the nearest five cents. in the rum 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 and the automobile 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 the other more the goal is to move thirty percent of freight by rail. away from the. moment it's just over ten percent. if we're going to raise that we have to improve all aspects of our rail about restructure. 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 group 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. you're planning to build dry port to your

country like you come to new york here for the full country you know an empty country near what's up the car will move in by proxy no your plan will be shipment by crane from the species from the band. brought by train because it's more economy and that it's. more a price. 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 health of people who are committed 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 terminal is 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 of both to blame . it's claimed that climate change and extreme weather mean different conditions in individual growing areas with a twenty percent drop across germany doesn't mean every reduce it 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 brian has the power to night and bolt and each so drops of about twenty percent from the year before the few gains came mostly from the east. gemini'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 as say the wine makers thanks in part to late september sunshine but business point be easy to answer but it's a big challenge for individual producers and says don't lose money you know question the prize because international competition is to my face for them to raise prices and closing out of it perhaps their course. he's still a fan of the twenty seven thousand i am not so we can review. make your smart t.v. even smarter with a w. for smart. what you want when you want to. update. extraordinary. data. you decide what's on.