investment destination, iran has been enjoying a post—sanctions boom. but will president trump spoil the party? plus, recharged! samsung says its profits tripled in the past three months as it puts last year's exploding phone scandal behind it. welcome to world business report. i'm rachel horne. we start in iran, where all eyes today will be on us president trump. in a few hours‘ time, he'll give a speech outlining his new strategy towards iran. he has strongly hinted he will remove his support from the 2015 deal that lifted sanctions in return for iran halting its nuclear programme. congress would then have to decide whether to reimpose sanctions. that could put the us at odds with europe. the uk, france, and germany are firmly in favour of keeping the iran deal in place. european firms like peugeot and airbus are all doing business in iran. the big prize, of course, is energy. iran has the world's second—largest gas reserves and fourth—largest oil reserves. injuly, the french energy giant total signed a $5 billion gas development deal — iran's first big foreign deal in more than a decade. but it's just a start. according to bloomberg, around $100 billion worth of investment is needed to update iran's ailing oil and gas industry — a huge opportunity forforeign firms. the lifting of sanctions has already had a striking effect. iran's economic growth hit 12.5% in 2016, largely thanks to oil exports. that made it one of the world's fastest growing economies last year. iran needs that growth to combat high unemployment. so what happens if the us does walk away from the deal? it's unclear whether europe could keep it alive, even if it wanted to. if us sanctions are reimposed, the us could freeze the american assets of european companies who do business with tehran. faced with that, big european firms would probably pull out. here's what some tehran residents had to say. translation: we don't need america. our country has many abilities. through this deal be told the world we wa nt through this deal be told the world we want to communicate and be open to them. if this deal fails the rest of the world loses, not us. if we remain committed to the deal, it would not slow us down. we will continue to make progress. all the countries of the world gathered and made a decision, donald trump must acce pt made a decision, donald trump must accept this. every country should have power on a country should have it. if that is nuclear power in the us and israel and it. if that is nuclear power in the us and israeland iran it. if that is nuclear power in the us and israel and iran should have it as well. since the 1970s, the united states has been struggling with a run and wants to strike revolution. but we support the revolution. but we support the revolution and stand by it to the end. and we are not afraid of anything, not of sanctions, not of war. and i think donald trump talks too much. esfandyar batmanghelidj, founder of europe—iran forum joins me now. thank you forjoining us in the studio. what do you expect president trump to say today? i think the business community should breathe this i believe that the trump administration spent yesterday briefing european diplomats and members of the press about the announcement they are set to make today and the early reporting makes it clear that the administration is not pulling out of the agreement. donald trump will be certified that the iran is in compliance with the deal on a national security basis but is basically sending this issue the congress and asking congress to make a decision about what it wants to do with thejcp 0a and importantly, the trump administration is not going to recommend the congress reimposed the broad secondary sanctions that would affect the business community and i think it is really the key takeaway. so he is going to be certified but you don't think he will push for the reintroduction of broad sanctions? it seems the strategies push for more targeted sort of provisions around are's this programme and thought of targeting the revolution regard —— irans‘. and if infact thatis regard —— irans‘. and if infact that is big wave the congress takes ona that is big wave the congress takes on a vast different to the majority of international companies that engage in me iranian market but are political complications and remains be seen how iran will react to this move which seems to be in violation of the spirit of the deal but for now there is a little bit of a holding pattern in place. he mentioned the businesses who have invested in iran city you think what impact you think it would on them? they've been expecting donald trump to make a move like this for a long time andi to make a move like this for a long time and i think the companies that have been most invested in iran have spent a lot of time and energy trying to understand the political situation so the move would be a huge surprise. what's remarkable is that this year, despite the downturn and the political environment on the underlying commercial momentum has been very good. and so there is a high degree of resilience and i think commitment in the business community to continue the sort of push forward for the projects they have in the market and then to try and mitigate the politicalfallout as best they can. what do you think president trump wants to achieve by this move? it's been described as a face—saving move. nothing from the time of the presidential campaign he made it clear it was of the iran deal, his senior advisers, made it clear it was of the iran deal, his senioradvisers, secretary of state tillerson, general mcmaster, have been trying to come up mcmaster, have been trying to come up with a solution that let him in effect seemed tough on iran without jeopardising an international agreement and the credibility of the united states from a diplomatic standpoint. thank you very much for your time. we are also looking at south korean tech giant samsung. its boss, and heir to the family empire, jay y lee is currently appealing his conviction and 5—year prison sentence for bribery and corruption. but that doesn't seem to be doing the business too much harm. in the past few hours, samsung has estimated that its profits tripled in the three months to september to an all—time record. rico hizon is following this for us in singapore. tripling of profits! that is quite a headline. yes! it is flying high once again. the upcoming numbers reveal it has bounced back from last yea r‘s costly debacle, reveal it has bounced back from last year's costly debacle, recalling note7. samsung didn't elaborate on how much each of the businesses made at it is conducting brisk sales of its latest note8, which have contributed to this record beating report. the trial of its de facto leaderjay y lee doesn't seem to have had an impact on the bottom line, this is one of the advantages of the system that it is such a huge machine but it just of the system that it is such a huge machine but itjust keeps on chugging along regardless of who is at the top. i spoke with a tech co nsulta nt at the top. i spoke with a tech consultant earlier and he said the effects on folding in the conglomerate is a bit like a korean television drama. although it sounds a little bit like a typical korean drama, a lot of apprehension about management of the way they are built is actually reasonably resilient and you have a family relationship ——a friendly relationship with the competitors. if the iphone cells, each iphone that sells, samsung stands to gain about 110 us dollars. so even if they don't win on the handset side, for their competitors to do well is to win. and despite the record earnings forecasts which is said to be released later this month, the drama continues in management. earlier today, its month, the drama continues in management. earliertoday, its ceo and vice—chairman decided to step down from management, deepening concerns over a leadership vacuum. so, the plot thickens! we will hear more from you later. thank you. in other news: shares of kobe steel have slumped more than 8% after the nikkei newspaper said more than 30 non—japanese customers, including daimler and airbus, have been affected by the firm falsifying data on its metals. kobe's boss had warned reporters on thursday that the scandal, which the company said affected about 200 companies, may have spread beyond japan. ryanair says it will complain to european competition authorities about a lufthansa deal to buy parts of failed german carrier air berlin. lufthansa plans to use air berlin planes to expand its eurowings budget airline business. air berlin filed for bankruptcy in august after its main shareholder, etihad, said it would not give further financial support. flights continued after a transitional loan of 150 million euros from the german government. ryanair previously described the negotiations as a "stitch—up" intended to strengthen lufthansa. taking a look at the markets. that is where the nick a closed yesterday but i can tell you it is up—to—date heading for a fresh 21 year high. kobe steel plunged again. they have been hitting record numbers of highs recently but down today and investors will look ahead today and investors will look ahead to his consumer flesh and today and investors will look ahead to his consumerflesh and data today and investors will look ahead to his consumer flesh and data for september which is due out in a couple of darters. —— consumer inflation data. don't forget, you can get in touch with me and some england's chief medical officer has urged global leaders to address the growing threat of antibiotic resistance. professor dame sally davies has warned that in future routine operations could become incredibly "risky" and transplant medicine would be a "thing of the past." 0ur correspondent adina campbell has this report. with infectious diseases becoming increasingly difficult to treat, the fight against bacteria is essential. for decades, we've relied on antibiotics to prevent and treat infection. a bedrock of modern medicine. but now, there is a new warning that the drugs we often turn to to protect us could become less effective due to drug resistant infections. its estimated 700,000 people around the world die every year from people around the world die every yearfrom drug people around the world die every year from drug resistant people around the world die every yearfrom drug resistant infections such as tuberculosis, hiv, and malaria. without antibiotics, it is feared, medical procedures such as cesa rea n feared, medical procedures such as cesarean sections of cancer treatments, and keep replacement would become too risky. but medical experts say antibiotics are being used too much with one in every three orfour used too much with one in every three or four prescriptions probably not needed. while a new class of antibiotics hasn't been developed since the 1980s. but puts pressure on pharmaceutical companies to keep up on pharmaceutical companies to keep up with evolving bacteria. the uk government and the wellcome trust, a global charity that supports scientists and researchers, have now organised a meeting of health experts around the world. it is a new project is being announced at the spread of death and disease caused by superbugs, if no action is taken, it is estimated the drug resista nt taken, it is estimated the drug resistant infections will kill 10 million people every year by 2050. gina campbell, bbc news. this is bbc news. the latest headlines: police in the us and uk are investigating allegations of sexual assault made against harvey weinstein. the film producer denies claims of non—consensual sex, and says he's hoping for a second chance. iraq's prime minister has denied that his forces are about to attack the country's kurdish population, as large numbers of troops head north. the deployment has stoked fears for a new civil war. 31 people are now confirmed to have died in california's wildfires and hundreds are still unaccounted for. entire neighbourhoods have been destroyed, with thousands made homeless. there are warnings that strong winds could further fan the flames. now it is time for our newspaper review. what's making headlines around the world ? the times has the extraordinary story of a north american family freed from captivity after five years as hostages in afghanistan. they had three children while being held by the taliban. the guardian has an update on brexit negotiations, after eu chief negotiator michel barnier warned of a "disturbing deadlock" in divorce talks in brussels. next week's debate on the eu withdrawal bill has been postponed. the front page of gulf news is looking at a separation of another kind, with the us announcing it's withdrawing from un cultural agency unesco, citing tension over palestine. israel followed suit overnight. the new york times is looking ahead to the 2022 world cup and whether host nation qatar will be up to the task of holding the tournament, as well as constructing a world—class team. and finally in the ft, aianb is stepping up the threat to traditional hotel operators and checking—in with property developers in the us to launch branded and purpose—built apartments in florida. so let's begin. with me is lawrence gosling, editor—in—chief of investment week. a pleasure to be here. this is an extraordinary story, josh boyle and caitlin coleman. he is canadian, she is american. they were taken five yea rs is american. they were taken five years ago and have a family while being held. —— had a family. years ago and have a family while being held. -- had a family. yes, their little girl was only born a few months ago, while in captivity. as the times reported, there was a comment from mr boyle's family, it isa comment from mr boyle's family, it is a kafkaesque

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