Political uncertainty Means Companies on leaving in droves. It started with the banks now hundreds of Medium Sized Companies have either left or are considering leaving the region since the independence referendum they include Financial Institutions like ayesha bunco sab adele Utilities Company gas not and sparkling wine maker fresh anette spains economic minister blames the cattle and Regional Government for the exodus the population is growing uneasy still hes not afraid of a run on the banks. Out there thats the two large catalonian money institutes are both protected by the safety mechanisms of the European Central bank the spanish guarantee fund and the federal government and thats why we dont think there will be any limits on the money that the customers can withdraw. Quarterly. The firms pulling out site turnover as their main reason for departure with spain their most important market they fear a catalan declaration of independence could lead to the country boycotting kettleman products independence for catalonia could have a detrimental effect on the ailing spanish economy to catalonia is the industrial heartland of spain the region generates a fifth of the countrys economic output. Chinese Economic Growth slowed marginally in the Third Quarter six point eight percent isnt all that bad on target for the year as a whole despite that indicating stability the National Statistics agency wants of volatility it says the economy is at a crucial stage of restructuring and Chinas Central Bank is warning about a sudden collapse in asset prices after so much growth may be opening the economy could help thats all the talk at this weeks communist Party Congress but critics say theyve heard that before. Its a project that typifies the extent and speed of chinas growth in just two years time this building site in beijing will house what could be the Worlds Largest airports at twelve billion dollar investment that comes as chinese president xi jinping hailed a new economic era its all about looking outward. Will push forward a new situation of complete openness openness brings progress closing yourself off will inevitably lead to falling behind chinas open door will never close it will only be opened further. But critics say the door is far from open many Foreign Companies complain about the difficulty of accessing the Chinese Markets and accuse the government of failing to implement necessary reforms. One big issue the government is trying to tackle however is soaring desks the sum total of what china owes is now valued at two hundred forty six percent of its g. D. P. That sparked fears of a financial collapse for the worlds second largest economy the true cost of debt fuelled growth has yet to be revealed now the timing could hardly be worse ahead of japans elections this weekend yet another corporate scandal is shaking the economy this time around its nyssa the carmaker shut down all its factories in the country thats because unqualified workers were put in charge of Quality Control its the latest in a litany of serious errors from japans biggest corporations. And another gesture of humility and another apology from the company boss he did so cycle admitted that the scandal at nissan was much worse than originally thought final vehicle inspections were carried out by un qualified employees it all came to light about a month ago over a million cars have to be pulled off the road for of nissan six factories were involved in the shoddy work now nissan has to put the brakes on production all domestic factories will remain closed for at least two weeks the recall is going to be expanded the string of company scandals in japan continues more than a week ago kobe steel japans Third Largest steel concern and a nissan supplier admitted to falsifying product data and they did it for ten years around two hundred customers were affected it could be that nissan was cheated by kobe and received inferior materials profit before honesty unscrupulous practices at the cost of safety japans industry remains stuck in a deep crisis of trust. In new york frankfurt and london stock indices rising and rising but on thursday there was not exactly a feeling of optimism but rather a reflection after all its the thirtieth anniversary of one of the biggest single day stock market crashes in history on the nineteenth of october one thousand nine hundred eighty seven slid more dramatically in the western markets an ever experienced automated trading among the first robot traders of that kind in new york caused a Chain Reaction a drop in the value of share as that to more sell offs the dow jones losing twenty three percent by the end of the session is one trader who was that. And it wasnt sell a thousand shares of General Electric and two thousand sure that your motors it was sell one hundred thousand johnson and johnson so one hundred fifty thousand g. E. It was tremendous in terms of you could you could feel you could hear you could feel it you could hear the panic in the voices of these people and during these orders but it was still only eight oclock eight fifteen eight thirty but yet the market was even when youre opening. And yes quarter has been on wall street for many years for a science you must be getting nostalgic seeing those pictures of a Trading Floor full of people but oddly enough were talking about this year the more things change the more they stay the same. Sure but yeah i mean the wipe was certainly different even when i started and that was in ninety nine we had about six thousand traders here on the floor of the New York Stock Exchange one trader told me back then he walked about five to six miles each day to get his Business Done so that has certainly changed to also with knowledge talking about of the traders i mean there are still some people around to experience black monday and they said well they didnt see it coming nothing hinted at a day like that but as you mentioned some things remain the same so you win some and you lose some and who knows the next crisis always comes from a corner where you least expect it to come from not like to pick up on actually were seeing one record after another including today is wall street worried about a repeat of black monday any time soon. Well that seems to be the big problem right now that nobody really seems to be varied and that is dangerous territory weve seen that in the past and even if there are some similarities to back then thirty years ago there are also some differences the market big then was much harder than it is today the s. And p. Five hundred was in two years more than doubled so shot up by more than one hundred percent right now the market in the past two years is up twenty five percent that is still a lot but not as hot or not as far as everest you know back then ok plenty of food for thought there and lessons to learn our markets millions caught up thank you very much for that a tweet by the chief executive of Goldman Sachs on thursday sparked speculation that more jobs are moving to germanys financial district frankfurt that is the next round of talks take place Lloyd Blankfein tweeted just left frankfurt great meetings great weather really enjoyed it good because ill be spending more time there with the hash tag rex it britain is currently home to most of goldmans european operations with about six thousand employees perhaps not for much longer. The iraqi region of kurdistan is an important hub in the middle east turkey iran and iraq all move goods to one another through the autonomous region now the kurds are pushing for independence the regions location is making it difficult to neighboring countries to make good on their threats of closing the borders but is the region really so invulnerable. Business is humming at the ybor he included Border Crossing between turkey and Iraqi Kurdistan three weeks after kurds in iraq voted for independence a little here seems changed the shops are filled with goods products like these still rods await further transit turkey is now threatening to close the crossing leaders there are angry over the independence vote and fearful of the Ripple Effect it could have amongst its own kurdish population such a move wouldnt be easy some traders here say many of the goods are only passing through and thats not good idea meant to get that anybody about seventy to eighty trucks loaded with commodities travel from turkey to iraq on a daily basis about ninety percent of those trucks go to iraqi cities like baghdad. And not just so the kurdistan region is really just a transit point but of course the sinai message has stopped onset morning christiane its the tricky part of isolating a region in the middle of the middle east Iraqi Kurdistan neighbors cant tolerate an independence bid but if they close the borders into the region they block major trade routes into and through iraq yet the region itself cant stand alone be on oil exports Farm Products and steel to iraq and it relies on goods from its neighbors like iran which has already closed this Border Crossing at home run traders say they feel the impact already illegal them to have said that the civil law is certain that the closure of crossing points like this one a hostile iran is harmful and in this case it doesnt just hurt the residents of hodge of iran would like to have it also harms the kurdistan region as a whole showing the region is already in the crosshairs iraq has put sanctions on its banks and it sees the oil rich city of kirkuk further border closings could be disastrous and put an end to business as usual. And thats another Business Update done and dusted if you want more you can check us out on twitter on facebook ill be back with the same time same place. Every journey begins with the first step and every language of the first word i looked into. These in germany to learn german. Was assessed why not. Its simple online on your home aisle and for a. Soft. D w z e learning course he calls me german made easy. When cities are engulfed by the sea. Walls and costly protective measures with. Things. Like challenging our future starting november ninth on. Because that where they start to divide the country to meet zero where they start to divide the language your blood will flow for. Ninety nine days the soviet union is breaking up part of the members of the Russian Federation would have to find their own way politically and economically. Would love some of it was an incredibly difficult task. For this democracy was a lie because the elections were a fraud sick privatization was robbery the soviet unions heritage were just russias stand today and moscows empire our serious