humphrey from the business says but the day's business headlines do stay video if you can great to have a company. to w.'s program guide on the internet the highlights. the whole. d.w. dot com highlights. take a trip to

a world of palace ambition. meet young entrepreneurs eager to tackle global challenges. join should just that's not a german entrepreneur award winner two thousand and fifteen as he travels through asia looking for the next big business idea. pick a trial big you really are passionate about because you're going to stick to this for a long time and it's something you don't really like them it's hard to keep on pressing our ten part series founders valley starting october twenty third on d w. at. scouting around the issue the castle and leader calls for two months of talks with majority of the independents from the stay all the while business continues to suffer the political uncertainty. coming up startup for tea

coffee though we take a look at just who is behind those upstart companies in germany. and the turkish president richard one tells brussels we don't need the e.u. but where would that leave the country's. base is your business update on how the humphrey in berlin thanks for joining me counselor and lead a car has reached him on his side stepped a deadline on whether the region will declare independence from the rest of space now the regional leader has instead asked for two months of talks with spanish prime minister mariano or a holy now the letter was made public earlier today it states that catalonia his parliament has a quote democratic mandate to declare independence the spanish government has declined the cattle and leaders request for those two months of talks insisting that the regional leader has until thursday instead to say whether catalonia has

declared independence or not. well intricacies aside this remains spain's worst political crisis in decades and the business certainly isn't good many businesses have already had enough forty four major companies have moved their headquarters out of castle catalonia since the referendum most of them went to madrid among them guess not corinth and osa betis cell next and colonial they're all listed on spain's main stock index the ibex the five it also gone are the big banks is now headquartered in valencia saba dell has gone to alec cantor in fact only one listed firm that's the drug maker great falls still remains in cuts alone yet now the companies that are leaving account for approximately one hundred fifty thousand jobs and a combined profit of eight billion euros last year worst of all all of this comes

as a total surprise to many in catalonia. an independent catalonia free to prosper without any financial commitment to spain for separatists it's been a vision to rally behind those spearheading the movement have traditionally brushed off concerns that the session could have a negative economic impact. there is so much for your so much fear and they are saying the banks would leave it alone or. leave it alone or do you think they will leave and of course we won't but they will stay they will stay here. turns out the banks are not staying catalonia as two biggest lenders have already moved their legal headquarters to other parts of spain. into the us so far we can but as soon as we perceive any kind of uncertainty maybe we will get our money out of. the system doesn't inspire confidence in me so that's why i

decided to withdraw all my savings and it's not just financial institutions that are packing their bags hundreds of smaller businesses have begun leaving the region to just have both runs a chain of bakeries he says businesses could suffer dramatically as a result of independence. it would affect when companies it would mean a loss of markets. is made up of twenty seven nations to which we sell i mean that was when we get big issues with orders systems and taxes. competitiveness. you know. from the business of baking to banking there are growing fears over the potential economic turmoil that political gridlock could unleash on catalonia ratings agency standard and poor has warned that a continuing crisis could result in a recession. now ask someone what they do these days and more and more you're

likely to hear the word startup what does your average startup actually look like but the results of a new study called the german startup monitor have been released they looked at some one thousand eight hundred startups more than four thousand two hundred found us this is what they found while a typical founder looks like this male eighty five percent of them all on average thirty five and a half years of age and when it comes to a university degree well around eighty one percent of them have a degree they tend to be a co-operative bunch as well two out of every three startup founders work together with other start up companies and they preach sheet diversity with another two out of every three saying that immigration is a good thing and almost eighty three percent would like to become more international security in e.u. countries but of course founding a company is one thing some might say that's the easy bit finding enough investors

to grow your company though that is certainly something else so a little earlier i asked all financial correspondent conover who isn't in frankfurt how difficult or easy it is to find investors in germany right now. well it's become easier helen if you're really serious about what you are doing unlike the turn of the century you know after the tech bubble burst investors want to know much more precisely what your business plan is what your product looks like where you're at in terms of development of your company it helps as a founder if you have connections to the primus german middle you know the small and medium sized companies many of the machinery makers many of them market leaders on their small global markets many of the startups that succeed here in germany have strong ties to companies like this the traditional venture capital funds you

know big funds that spend a lot of money on startups that amount of money has lessened here in germany the amount has come down to a bit more than two billion euros last year from three billion the year before kind of how to who isn't in a frankfurt for us thank you very much indeed. china's central bank is forecasting growth of seven percent in the second half of this year not despite widespread fears of an economic slowdown a strong lending figures in the month of september have boosted confidence in the world's second largest economy last month also saw a bigger than expected rise in the country's producer index fueled by a strong demand for will materialize on the banks all cost comes as communist party leaders prepare to meet on wednesday. turkey is in serious economic trouble constant diplomatic tussles with its neighbors and the dwindling legal certainty have unsettled investors now

a few days ago it became clear just how nervous the mood is on the market the u.s. stopped issuing these is following the arrest of a u.s. consulate worker in the country in the turkish stock index that's the borza fell over four and a half percent in light of that while the country's currency the turkish lira has already been on depression last year one thousand turkish lira would have thirty euro cents today they're worth twenty three euro cents now the took sort of this means that they a feeling the pinch the cost of living has become more expensive in september inflation was in the double digits it came in at eleven point two percent top of all of this turkey also has a high level of foreign debt so a little earlier i spoke to ed chen from the a photo institute's economic research in munich and i began by asking him how damaging president at one statement that the country doesn't need the e.u.

could be for the turkish economy well this is a very strong political statement from an economic point of view it's difficult to understand it you know turkey is deeply integrated into the european economy and turkey benefited from this integration and any step back and break down would basically put the economy even stronger under pressure and that these type of political statements are not very helpful it in this times because political uncertainty is the core problem of the country as you can see well it certainly is but turkey nevertheless has posted robust growth have seen the level of five percent so is potentially the impact for example of the failed coup over. well you know robust growth it's true but it's a temporary growth which has been stimulated by if you want to artificial support by the government public spending and also the competent capital markets reactions

with a weak leader over the last months however the core problem is a political uncertainty and there is and the government has not the possibility to permanently pump in money into into the system inflation is increasing the central bank has to react sooner or later this leeway for political for political intervention support will decrease and the conditions don't look good at the moment now you've mentioned some of those moves to try and boost investment we understand the president alderaan is encouraging businesses to all right credit infrastructure projects without interest for example the site at his discretion what will that mean for the country. well you know there understandable that there is a desire for foreign direct investment because what you see in the statistics is the long term investment new investment is no longer taking place there is a strong decrease in foreign direct investment inflows and the reason is again

political uncertainty and you can declare on the one side that you are going to make this reform sense and support foreigners but then on the other hand making the strong statement that turkey does not need europe or this visa confrontation with the usa it's simply not creating confidence confidence creation is the core issue which turkey should follow at the chain from the if i were institute for economic research in you nick thank you for your analysis thank you. and you say with the latest from the wild business for more find us on facebook follow us on twitter at the school business on there as well and then to see how free is my handle more business news in the next hour right now here's a look at the world markets by now.

round rock she turned up the morning. electronica he found the right mix thing. and bands he turned them into chart

toppers. legendary producer conny plank. his son gives a personal account of the man behind the music see more. detail to. folks and mall books. a special edition of box twenty one. frank that celebrates from. awards and award winning is. a report on the financial health industry the two thousand and seventeen frank fun book. in sixty minutes. the top stories followed across social media share your comments and content welcome to. news. history books are brought to

life. maybe the stories they're in will get a rewrite. of the story of the russian revolution. from the perspective of writers thinkers kong artists. what did it feel like to live in times of a revolution the people. thanks to the russian art revolutionary. nineteen seventeen the reluctant starting october twenty fifth on t.w. . and a web cam to this new edition off part the music magazine from germany i love you

know and this is.