might have staved off direct by madrid with his announcement comes a day before spanish lawmakers are due to decide whether to seize authority in the region that's in response to the callous government push for independence. and coming up in business traders in frankfurt are taken by surprise after the stock exchange chief executive resigns we'll tell you why. and that's coming up with you ben a dollop of the cold pro quo can get a prosecutor is that he's been a very bad we'll have more i with ben coming up right to. learn german with d.w. . any time any place.

with or with jo-jo and her friends. i mean is this going to be good enough to leave my mission it's easy to actually show you cause a war with friends all over the world. online and interactive. german to go. learn german for free with d w. look at. the catalonia crisis deepens another day of political mayhem which is weighing on business leaders of the companies caught in the process has of the independence struggle and cross throughout correspondent in barcelona. the election violence in kenya is hurting business and scaring off today. it is from east

africa's richest economy. traders in frankfurt taken by surprise as the c.e.o. of the stock exchange operator resigns off the claims of insider trading. and no surprises from the e.c.b. traders love that they also like the central bank's gradual winding back of its mammoth want to take easing program. i did fizzle and let's do business the picture isn't any clearer out in catalonia tonight the president has stopped short of calling regional elections but is left the door open to declaring independence from spain so expect more on certainty and more political turmoil the type of stuff that it's business. a banner on the town hall of sub adele reads freedom for political prisoners this catalan city isn't just the stronghold of the region's independence movement but also its industrial heartland due to the city's wealth spain's fourth largest bank was founded here. even though the bank has now

turned its back on the region most mid-sized companies are staying in catalonia. take this supermarket chain for instance right in the middle of the political crisis its management announced it would be making two hundred million euros in investment opening nearly thirty new stores creating one thousand new jobs. they want to know us and we're also building a company head office right here in the heart of catalonia we won't move our headquarters anywhere else that will keep the wealth in jobs in our region that's exactly what we want you to find out what's going up and i think that as many see reports of companies leaving the region is cheap propaganda that's because the major corporations and banks are effectively only changing their registrations for tax purposes plants and jobs are staying here but the political crisis is affecting many companies orders are getting cancelled foreign investors are leaving and to

that the regional government in barcelona is having trouble paying its bills. messes is put on the bible and waiting six months for the authorities to pay their bills. that's hurt on my company. i have to get a loan to pay my workers. are going to call the authorities about the payment they say their hands are tied that many of us. companies are caught between the two sides of the political crisis which continues to escalate. let's go now to michelle. correspondent in buffalo to michelle let's start with the volatility it's an extremely volatile situation not just on the ground and with the politics involved but also on the stock exchange. exactly we could observe how nervous everybody is watching every move and every news even every rumor coming out here of catalonia today the news the local news was about

a possible regional and early elections there was some hope of a renewed political dialogue so the stock markets in madrid responded to that going into a clear plus. then by now as we are speaking the council on parliament is discussing the situation it's completely up in the air again whether early elections or whether a declaration of independence and we hear a lot about the damage to business in catalonia i guess there's a lot of damage being done to spain's reputation as well. clearly there is damage on both sides so i mean they're the two economies if you want to talk like this the council on regional economy and the spanish economy are very intertwined so we have seen that today the spanish minister of economy had to correct the growth of the spillover old spanish g.d.p.

down so that's a clear sign is also damaging the spanish side and then we have all these reports of companies moving out of catalonia of big banks putting their headquarter into a different region of the pen in some of. the day we've been reporting on the crisis driving out droves of companies as you say but what is the reality. well i spoke to her partners and business owners from both sides if you want from both political sides in general certainly everybody hates the uncertainty that is currently caused by the political situation but also we have to say that. has a very strong industrial base these are medium sized companies. more than half a million companies are operating here in catalonia and if you put that into perspective with the number of one thousand leaving it gives you an idea that the situation in general of the council on economy is for the moment pretty sound so

it's been used by both sides the economic argument we'll have to see how the situation develops further really. headed thank you very much for joining us from boston load of. election violence the canyon is scaring off invested weeks of protests of created uncertainty as to where the country is headed something important to all types of enterprises from multinationals to small businesses. in the slums of nairobi opposition supporters blocked the entrances to polling stations they took their protests to the streets although the demonstrations were deemed illegal police used tear gas to disperse the crowds the presidential election was mired by chaos the unrest has taken a toll on motorcycle taxi driver david michaels business people are not in the mood to spend money. we can't earn enough money as people continue to demonstrate so

it'll be difficult to take care of our families for me this is. the wave of protest has weighed heavily on the east african countries economy kenya has taken in one billion dollars less in revenue in the past four weeks because investors are staying away construction has come to a standstill and many tourists are avoiding the country many fear a bloodbath like after the elections a decade ago one thousand two hundred kenyans died in the violence. kenya's economic gains in recent years help to keep the peace many companies have a stoppage the operations in kenya which became the strongest east african economy last year with six percent g.d.p. growth. but the ongoing political conflict threatens to learn the fate of the gains from all that success. down. the frankfurt stock exchange operator four and

a half million euros of shares in his company before announcing it was looking at merging with the london stock exchange. shut up on that used imagine ever happened authorities are investigating a company denies its chief executives did anything wrong. about that with. our financial correspondent daniel how did can get a explain his sudden announcement to exit. well there is of course this or fisher wording where he's saying now you know i really want to make sure that daughter bertha gets out of this you know bad headlines and that you know now they can focus again on the business but pretty much he probably at the end didn't have any choice it was just he was just under two big pressure also after we had the court in frankfurt saying this week that they don't agree on this settlement that he wanted to or arranged by a paying five hundred thousand euros and then daughter burrs another ten million

euros so basically you have the option to just say i'm going to resign by the end of the year otherwise he would not even gotten a new contract because his contract was due in march two thousand and eighteen so they were offering quite a big sum to settle this deal it sounds like prosecutors really want to nail both. here they really wanted to nail him i was talking earlier to a lawyer they were telling me that usually in nine of ten cases when there is a settlement in discussion the court all normally agrees to this and they're saying ok well you pay something and then you get out of it in this case they really wanted you know to make this clear statement you know that this case is very important with of course also gives you an idea that they really were believing that he was involved in this you know insider trading trading by that time. thank you very much for explaining it all for us. e.c.b.

has announced a gradual withdrawal from post crisis stimulus it's getting back its bond purchase program for next year interest rates will stay where they are at historic lows no surprise in store for the markets despite having its massive bond buying program the european central bank is carrying on with quantitative easing today's monetary policy decisions were taken to preserve the very favorable financing conditions that are still needed for a sustained return of inflation rates towards levels that are below but close to two percent it's a balancing act inflation levels are still below the e.c.b. least two percent target rate while economic growth in the eurozone continues to be solid and ongoing dilemma the central bank has to deal with as an encore bond buying program was started to fight the threat of deflation if we definitely don't

have a risk of deflation it but we also don't have inflation that's what makes it so hard for dragging on the e.c.b. . another challenge the e.c.b. president still feels that european leaders have to do more to reform their economies to bolster long term growth and stability. the implementation of structural reforms you know you are count trees needs to be substantially stepped up to increase resilience reduce structural unemployment and euro area per the t.v. and growth potential the e.c.b. says it may continue its stimulus program beyond twenty to eighteen if necessary. business with the.

one tree guy international talk show for journalists discuss the topic of the week . revelations of sexual harassment by a powerful hollywood producer has sparked an international outcry protesting him worldwide but will anything change that's our topic on quadriga.

next on d w. every journey begins with the first step. and every language and the first word i looked in the nico he's in germany to learn german but. this is just why not i'm with him. it's simple online on your own mile answering. to stuff. t.w. zeal or ning course because fake german made easy. progress but when they start to divide the country to deal with where they start to divide the language your blood will flow for. ninety nine the soviet union is breaking apart. with the members of the russian

federation would have to find their own way but again comically. would love some of it was me credibly difficult because. this democracy was a lie because the elections were a fraud answer privatization was robbery the soviet union's heritage where does russia stand today and moscow's empire our series starting november fifth on w. hello and welcome to quadriga what began as a new york times report about the misdeeds of one middle aged man has big.