election the ballot could mark the first peaceful handover of power between elected governments in the west african country in over seven decades. president ellen johnson sirleaf is stepping down after twelve years in office and final results of the first round are due within two weeks. hollywood producer harvey weinstein is facing fresh accusations of sexual harassment and assault in new york a magazine reports that thirteen women have now developed such claims against him including three who told the publication that he raped them a spokesman for weinstein denied the latest allegations. tina has secured a place at the two thousand and eighteen feet for world cup thanks to a stunning hattrick by the n.l. messi. argentina's world cup qualification campaign was intensions. three goals keep the team from missing out of the championship for the first time since one nine hundred seventy.

after a tense session in parliament it seems like catalonia will remain in spain at least for now the region's president announcing further talks international mediation will get the reaction from the business world. also on the show with many bankers relocating to frankfurt even before the search for schools and kindergartens is getting tough. and the i.m.f. is confident the world economy will grow stronger than expected we'll tell you why . it's time for business on the w.b. and how you welcome to the show and we'll start with what could have been a backlash for europe that never came investors are breathing a sigh of relief after catalonia didn't declare independence today once again calling for dialogue instead the euro rallied on the. now and spent in the catalan

parliament it's now trading at over one dollar and eighteen it hasn't been that high since before the october first referendum all eyes are now on spain's main effects index it was down almost one percent before the news from barcelona but could also be headed for a rebound when trading resumes it's been dragged down by back shares with catalonia as big lenders threatening to leave the region if it splits from spain the unfolding situation in spain affects all industries including those that have made catalonia spain's export leader sparkling wine the famous scot for instance is a multimillion euro industry that now faces an uncertain future and is trying to take action and to supporting troubling times one of catalonia is best known exports comes from these vineyards northeast of barcelona the grapes grown here and up in bottles of coffee a sparkling wine enjoyed all over the world but uncertainty is growing along with

the grapes thanks to catalonia as tug of war over independence. the companies behind two of the region's iconic brands fresh annette and co don't you are considering reregistering elsewhere in spain. first i thought independence was a good thing. but now they're making it so difficult really i don't know if my vote was good or bad. but i just come for the senate and i'm very companies like fashion that and cotton you are pretty thick but i don't affect me so much to be on i'm more worried about tobacco. two big banks have already relocated away from catalonia at least on paper spain's fifth largest lender sabbath and its third largest bank like catalonia as winemakers they fear that if the region split from spain they'd be cut off from the

security of e.u. law and they'd be out of the euro zone. to a country that has declared independence at least from the e.u. yesterday the british prime minister told the parliament in london that the ball was now in use court but many banks in london are not waiting to see what will happen they are already moving their european operations to cities like frankfurt here in germany so they can keep access to that you the affected bankers want the best for their families so they are now in a rush to find apartments and schools and kindergartens for their children. some ten thousand new jobs are expected to spring up in the frankfurt area as a result of breaks in. real estate broker stefan pointing observed developments from up high and senses change in the air. but believed that fund of course breaks it will boost frankfurter will be renting an extra fifty thousand square meters of space thanks to break and we're also sensing

a second wave in the making. the companies providing services to the banks are also increasing their staff numbers like that of frankfurt wasted no time for motoring itself as an alternative home to banks leaving london it's a development that could benefit the entire region. i'm talking not about us on the very first day after the referendum we activated a website explaining what it's like to live and work here. instead of using billboards the frankfurt marketing team contacted banks directly and discovered widespread interest except for certain reservations when it came to families. and team people asking about international schools and the thing is sure that people here speak sufficient english. pupils arriving in the metropolitan school in frankfurt in ten years people numbers here of mushroom from fifty to five hundred and the building itself continues to expand as seen from the scaffolding from the

previous extension. principle pitta feather's used to be an investment banker in london himself and is now receiving a growing number of inquiries about his school from that city. it happens every day because we're still growing physically we're able to offer individual places for all school grades. the school has yet to be overwhelmed by families fleeing brags that although elsewhere there are indications of change. we were just about to buy a house for the summer and a banker came in from london and snapped up when it was just within our grasp so yes we've already feeling the effects of. school places and office space evidently an ample supply and find out what is likely to become a rare commodity thanks to the break that in fact is affordable housing for the new arrivals. so corporate news now weapon maker be

a east systems wants to lay off almost two thousand employees most of the jobs will be lost and their military division according to union sources two factories in northern england will be affected by the cuts that's where the euro fighter jets are being built right now be a he has already cut back on the jets production the company is waiting for a large order from saudi arabia even though the emirate of qatar just purchased twenty one sorry to twenty four other euro fighters. well the independence movement and catalonia the ongoing brecht's of talks and recent troubles in turkey it's all of that bad at least that's how the international monetary fund seems to look at it it's optimistic for global economic growth the washington based institution the said it's forecast for twenty seventeen and twenty eighteen is now higher than expected twenty point six percent for this year and three point seven percent for next year the i.m.f.

describes the current economic upturn as the broadest in a decade pointing to stronger than expected upswings in europe china japan and the united states as well as emerging countries in asia good times ahead from the perspective of the international monetary fund but how does wall street see it let's bring in our financial correspondent in new york ian scotty yes hi good to see you now do you think investors share that optimism that we're seeing from the i.m.f. . well i mean on wall street do not necessarily need the opinion of the i.m.f. to make up their minds if the economy looks brighter or not in the past couple of weeks months we got some pretty solid economic reports here in the united states just past week we had the best reading from the industrial sector from industrial production in about thirteen years the car industry seems to be doing a bit better at least we got some hints on that from the latest car sales so here

in the united states overall the picture does look pretty bright and for sure it didn't hurt that the i.m.f. all saw actually higher expectations a little bit for this year and next by the way the i.m.f. also does see some risk especially when it comes to protectionism i mean that's a tendency that we might be seeing all over the globe not just from the united states itself and they also some geopolitical events also could distract overall global growth but bottom line is we did see another record day here on wall street or shall i not even two hundred points for the dow jones industrial average to reach twenty three thousand points for the first time ever but we did not necessarily need the i.m.f. to achieve this goal. in new york thank you very much. we stay in the u.s. a diplomatic dispute between the u.s. and turkey is making investors nervous on sunday the u.s.

stopped issuing nonimmigrant visa and turkey a decision it said was based on security worries turkey retailing eight hours later by freezing u.s. passports out of its electronic visa system and while that's tough on travelers the impact of the spat is also being felt on turkey's markets. more than three hundred thousand turks flew to the u.s. last year in turn almost four hundred sixty thousand americans came to turkey the visa dispute threatens to cut off this important stream of business travelers and tourists. the rao had immediate consequences on the financial markets shares in turkish airlines lost up to eleven percent as the week began. nervous investors sent turkey's main stock market index tumbling almost five percent one point. tension with turkey's allies a series of terror attacks and above all the fallout from last year's coup attempt

all this has weighed on the turkish currency the lira has lost half its value over the last three years. and turkey's double digit annual inflation rate makes turkish exports cheap but it diminishes turks purchasing power. another danger is turkey's high level of government debt it has to repay more than one hundred seventy billion dollars over the next twelve months ankara now wants to carry out further structural reforms in order to stimulate the economy it hopes that will encourage foreign investment but investors say that's unlikely without political stability. before we go shares in kobe steel plunged almost twenty two percent in tokyo on tuesday after more companies came forward to say the steel maker had supplied them with products that didn't need specific ations. sunday it had falsified data for ellen many of and copper products that it had shipped to some two hundred companies said about four percent of production was affected the parts were used in your

airliners cars and high speed trains its customers have been scrambling to find out what has been affected and whether there's a safety. that's all for this edition of business thanks very much for joining us see you next time take care good bye.