being blackmailed. on that story coming right up with monica in business. going to. a. long way to survive it's like just hide your identity to. bangladesh want to see the true face of the country. freedom independence a separation of state and church that used to be important but for decades political infighting here has hindered progress and islamist extremists are gaining more influence democracy and the long are on shaky ground in discordant good notion

of this should be. a bridge. i'm not sure. bangladesh the dawn of islamism and exclusive d.w. report starts october eighteenth. good to me. i'm going to take a look at the. how sound is investment and saudi arabia the kingdom's economy is in turmoil following the disappearance of a prominent saudi journalist. also coming up brussels a braces for rose twenty nine thousand draft a budget plan which promises to accumulate more debt. welcome to do business starting with news that's just come in german police have raided the offices of opel on suspicion of finish. fraud not the opal nor its french parent

p.s.a. have so far been available for comment reports of the comic his alleged involvement in the diesel emissions scandal first emerged in july of this year according to the mass circulation built newspaper opel is accused of fitting over ninety thousand cars with software that an able to cheating on emissions test is the latest development in a scandal over emissions cheating a broken twenty fifteen month folks admit it and stalling teats software in millions of diesel cars worldwide. saudi arabia is getting ready to host an annual investment conference the future investment initiative twenty eighteen is set to take place next week but the alleged murder of saudi dissident jamal khashoggi is now casting a shadow over the event and forcing companies to reconsider their business interests in the kingdom. this is saudi arabia as it wants to be seen modern and

open but with big business now pulling out of this year's future investment initiative the facade is fading. the alleged murder of saudi dissident jamal khashoggi puts pressure on global businesses so to the alleged plots ties to the kingdom's young leader himself thirty three year old mohamed bin solomon the face of saudi arabia's reform story its investment projects and its openness to foreign capital. virgin group c.e.o. richard branson suspended discussions over a one billion dollars saudi stake in virgin space ventures that the shares of japan's softbank where billions in saudi sovereign wealth are invested have also suffered the kingdom stocks and currency took an unusual tumble sunday after trump threatened severe punishment for any involvement in cars should she says appearance . saudi arabia denies the murder allegations and says it won't be bullied the world's largest producer and exporter of oil it has also suggested it could force prices up in response to any actions against it

a forceful response but almost certainly not the one businesses were hoping for. well for more on the impact on business and to markets this cross over now to our financial market correspondent in france the only big names are pulling out of a very big investor conference including europe's arab us how important is saudi arabia for european companies can they afford to shun the kingdom. there is a port an additional market and yes the contracts there can be potentially lucrative and it's a good thing to have but i doubt that it would hurt most western companies at least in any substantial way if they have to forego a contract and so in saudi arabia. i suspect they wouldn't even have to issue a profit warning project there fell through what's more serious so if this kind of pressure keeps mounting on saudi arabia and there are sanctions back and forth and

perhaps the population gets restless and also the region. is not only saudi arabia in turmoil economically but the region in doubt because saudi arabia plays such a huge role at the moment with the kind of stability it has for the stability in the middle east and also when it comes to the stability of oil prices i mean u.s. sanctions obviously likely to hit what would be the impact on the oil market. was already having an impact the impact would be to drive oil prices up and already the possibility looming is pushing up the price of brant for example that's for the barrel of north sea oil was up by as much as two percent with this back and forth and there is a natural limit though i think which both sides have to consider how far they can go in driving prices on the oil market up with sanctions like this lastly it would hurt the saudis more than the customer countries if it had to pull back its

oil production because. relies so heavily on the you know canonical right to leap out in front of thank you so much. while european markets are also bracing for a week of uncertainty the british pound is under pressure as a no deal breaks it seems increasingly likely another major headache comes from southern europe as italy prepares to submit a costly twenty nine thousand budget plan to the e.u. commission for approval though the date for that submission was originally set for today but it's now been moved to tuesday italy has the biggest debt in the e.u. and now the government wants to raise the target for next year's deficit to two point four percent of g.d.p. to finance election promises. a mouth watering carbon era is unlikely to be on the european commission's menu today instead it could find itself choking on today's italian main course made up of a whole lot of debt rome is set on increasing state spending but with two point

three trillion euros of debt it has the highest level of it in the e.u. and now that figure is set to rise beyond what was originally planned blackmail says the e.u. but the italian government dismisses such accusations. it's not true that our budget works against the e.u. this is the narrative of members of european parties who are currently sitting in european institutions italy is one of the founding countries of the european union and we've always said that not only do we want to remain in it but we want to improve this union and make it more democratic make it more supportive. but on the street opinions differ about borrowing more money to finance campaign promises. and i believe that the e.u. is carrying out a policy of attack against italy without carefully analyzing its budget nor is just

an attack regardless of the content of the budget law. we have a government of naive amateurs. honestly i'm very pessimistic and worried about the future of our country. fears about the future are understandable italy's extensive debts will once again put the stability of the euro to the test now that the other problem case greece seems to be out of the woods but italy is the e.u. third largest economy and the e.u. fears that economic instability there could have a ripple effect brussels and rome must now cooperate to ensure that the italian national dish remains palatable. well with bricks it's italian debt the e.u. has a lot on its plate i ask craig elam senior market analyst at wanda in london whether italy is too big to fail well i think they would certainly have to. support the

economy because the alternative is that italy with actively have to tumble out of the euro out of the you and i think that be far more catastrophic and even more dangerous than the u.k. voting to leave so i think the alternative would be that they have to throw in their support the question is how they do so this is effectively what the program from the e.c.b. was created for. all markets in struggling economies but that would mean a bailout program it would mean more imposition from brussels not less on the question again is would the italian electorate vote for. there's also no solution in sight for an orderly breakfast if you're already said that italy dropping out of the euro would be worse than break state but after sunday's talks failed the e.u. now seems to prepare for a no deal breaks it and we've seen that the pound is or and ready under pressure how is the u.k. financial world preparing for such as an aria. well the more same way that they've

been preparing really for much of the last eighteen months or two years the you've seen the numerous financial institutions of looked over at least. in its offices in all the european countries the likes of frankfurt of course being one preferred option but also dublin and ireland as well so that they don't lose access to the single markets and everything that it offers in the worst case scenario obviously these institutions would rather avoid such and such measures because because of the cost involved having that additional satellite office votes these are the things that you have to do in order to ensure that you don't cough from such an enormous markets all of us or them and i mean craig would you invest in the e.u. right now perhaps in the euro or in the pound any preference there i mean obviously both of them come with a risk but then there are obviously at the same time they can with the upside reward we look at the u.s.

for example right now when markets are right near these all time highs you wonder how much of the cycle is left in terms of to make it profitable you look at something like your ip and actually you think there's a long way to go so you think attention is fog right but again it's all about being selective it's about knowing the risk you're taking alongside us and again if you can look at to the peripheral economies where the the greatest risk is situated then you have to be very particular about where you look italian banks right now for example probably look strongly cheap but they also come with enormous risks because they still are covering over a number of the a number of risks. that you have in the global financial crisis and the debt crisis that followed the bigger the risk the bigger and more interesting the yield of course their senior market analyst at one day in london thank you so much for this . thank you or well and this looks like the end of an iraq u.s. department store chain sears has filed for bankruptcy c.s. was once the country's biggest retailer famed for a catalog that sold everything from clothing to toys and appliances but the firm

has struggled since the nine hundred eighty s. hit first by discount retailers like wal-mart and then by online shopping a hedge fund now runs the company but it has failed to find a profitable strategy leading to massive job cuts. to business update here on the at this hour if you want to find out more than one check out our social media feeds twitter and facebook or on line it's called i'll be back in the next hour i see that.

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carts twenty one special twenty eight teams frankfurt book fair. in some literature from georgia this year's guest of on. political trends. standing we speak with the award winners at the biggest book fair in the walk and come up. sixty minutes. first home to millions of species of home worth saving. here which is and those are big changes and most start with small steps global ideas tell stories of creative people and innovative projects around the world like to use the term good climate news to green energy solutions and reforestation. they

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