global debt to trade talks, will be getting the inside track with business correspondent andrew walker. airbnb is stepping up the threat to traditional hotel operators by announcing purpose—built apartments in florida. today we want to know... do you rent out a room in your home? and if not — why not? let us know... just use the hashtag bbcbizlive. hello and welcome to business live. we start in iran — where focus 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 dollars worth of investment is needed to update iran's ailing oil and gas industry. the lifting of sanctions has already had a striking effect. iran's economic growth hit 12.5 percent 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. dr hassan hakimian, director, london middle east institute joins us now. what are you expecting presidentjohn to say today? joins us now. what are you expecting president john to say today? we know he has been throwing around quite some time to. cars president trump. when he certified the agreement twice during the term of his presidency but he has shown himself to be rather unhappy about the continuation of certifying the agreement. if he'd decertify said that does not necessarily mean sang soles will be imposed somewhat all happen? congress will have 16 days, it isa happen? congress will have 16 days, it is a clever tactical move on his pa rt it is a clever tactical move on his part to throw the onus back to the lawmakers. if they impose sanctions he will no doubt claim victory and we will have plenty of tweets announcing that. if they don't, he will obviously blame them. it is not necessarily a done deal and we should not rule out another possibility, today he may also announce the elite revolutionary guard forces as a terrorist organisation, that could also further up the anti in the region which is already riddled by conflict. he has placed actual sanctions, the us, on iran in the summer sanctions, the us, on iran in the summerand sanctions, the us, on iran in the summer and that has had a huge impact on huge deals, us banks if they have interests in those deals, difficult for them to get involved, that's really damaged business deals between europe as well and iran? from iran's point of view, post the nuclear deal, the us financial sanctions were not lifted anyway so iran continues to experience huge difficulties access the dollar system and basically, if sanctions and this is a big if, if sanctions are reimposed on iran and latterly by the state, this will come at a delicate time for the iranian economy but the expected impact will be more moderate compared to last time partly because sanctions have entered what one might describe as a diminishing return phase and also because there isn't a widespread international consensus which the us had last time that will not support president trump in this line of activity towards iran. thank you very much for your time. let's take a look at some of the other stories making the news... shares of kobe steel have slumped more than 8 percent 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 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. amazon has suspended the head of its entertainment division in the wake of sexual harassment accusations from a tv producer. roy price is taking a leave of absence "effective immediately." the film industry is in disarray following a growing scandal surrounding producer harvey weinstein that led to his sacking. let's look what we have got here on the business life page this morning. i have told this up, the question stewing for quite a while, london listing for sharers in the world's biggest oilfirm listing for sharers in the world's biggest oil firm continues to be contentious, usually firms have to list 25% of their sharers and it's looking like rules might be bent to allow this firm to list 5% of its shares, the consultation on whether thatis shares, the consultation on whether that is allowed, that will close today. quite a few opposing that, saying the rules should not be banned. that's correct. 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 five 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. leisha santorelli is in singapore... profits tripling, that's a headline that samsung would like to read? yes, cause to celebrate, sharers rocketed by 50% this year because of its spectacular financial performance, operating income as you mentioned rose to a record per $.8 billion three months to september mostly due to strong sales of memory chips and the galaxy note, the smartphone, this was actually overshadowed today by the unexpected announcement that some sample atomics ceo is stepping down. he quit saying there is an unprecedented crisis at the company and that it's time for a new spirit and that it's time for a new spirit and young leadership to take charge for the company to better respond to challenges in the industry. this is the latest management upheaval given that the air of the entire samsung group is dry to appeal the conviction charge. thank you for that update. in asia investors headed into the weekend quite upbeat — the nikkei 225 rose 0.96 percent, or 200.46 points, to close at 21,155.18, the highest level in 21 years hong kong stocks ended the session flat, wiping out early losses as investors welcomed some pretty positive chinese trade data. wall street retreated — after clocking up a number of all time highs in recent weeks. banks fell afterjp morgan and citigroup said they had set aside more money for credit card lending losses adding to concerns about consumer credit. let's look at the situation in europe, bit of a mixed picture heading into the weekend. the ftse and the dax all you can see pretty mixed at the moment. werejoined by a special guest this morning, a ceo. while we've reached deadlock in the negotiating room over brexit, the movement is happening on the currency markets and traders are working out a way to make some money. traders you would like to think would work out a way to make money but it's not us humans, we have been moving towards trading algorithms for a while and yesterday, i would have expect it the euro to have been a stronger currency pair between the euro and sterling, that's not how it worked out, in actualfact sterling, that's not how it worked out, in actual fact it was sterling came better, all this talk about bridging —— britain will suffer because of this, sterling came out better and the trading algorithms we re better and the trading algorithms were the only thing that got it right, not the humans. we had a room full of people trying to say what will happen, we as humans have given up, we will happen, we as humans have given up, we are will happen, we as humans have given up, we are using artificial intelligence. talking about trading algorithms, what about the price of oil? with this announcement there will be a change in the us approach to iran you would think perhaps what would have spiked higher? exactly and it hasn't, it's this irrationality of what we as humans would expect to happen, rationally you would think what we should spike cause of sanctions on iran, less supply and don't forget, the construction on supply, the construction on supply, the construction of the agreement between opec and russia to restrict supplies which ends in march should mean we are well above the $51 or whatever we are at but at the moment we are not seeing that, we are seeing a smoother move than we would certainly have expected. all the people who think he's trading algorithms are negative and cause greater volatility, they might be reducing volatility and causing smoother trends, that's what we are seeing. let's talk about health care stocks in the united states, a bit ofa stocks in the united states, a bit of a surprise announcement from president trump last night announcing they could no longer lawfully pave what they call subsidies to help insurance companies under the obama care scheme. that has impacted stocks. notjust on health care stocks, what the president says is having an impact on the markets because when he talks about iran, north korea, you're not seeing that negative impact on the market you would expect, with health care stocks and broadly the market in relation to tax and what loosely tax indications might have, that sees the market at an all—time high. people saying we don't need to worry about the sectors because we just see the market saw but you are right, the health care stocks, the benefits they should be getting from his statement... and its insurers as well. insurers as well, should be better off, greater profitability, lest cost burden on them as there was under obama care. but that's a story within a story in the sense that actually it's booming and it's an area he is certainly creating wealth because it is off the back of what he's saying about tax and therefore greater profitability and... when will he get it through, that remains to be seen. doesn't matter because the market doesn't ca re matter because the market doesn't care what you're going to do it ca res care what you're going to do it cares about the expectation and anticipation what might happen and it will worry later, we will sell off the back of that which we will politely call profit—taking. off the back of that which we will politely call profit-taking. you'll be back with us to talk through the papers, have you ever rented out a room in your house? my wife and i love it, we haven't rented a room in our house... not ours but we have rented other peoples. that would be my thinking. more from you later. still to come... from concerns about rising levels of global debt to brexit trade talks we get the inside track on the business week with our economics correspondent, andrew walker you are with business life from bbc news. sales of wallpaper or on the way up, sales of non—woven wallpaper are rising. then is at the uk's largest wallpaper manufacturer in blackburn. welcome to blackburn in lancashire, the country's biggest wallpaper manufacturer, sales of this staff are on a roll, up 10%, as more of us move away from painting the walls with paint and instead choosing paper. this place makes allsorts of designs, and they've been coming up with new ways of making it and you see there, this is how it ends up on a robot fire sale is doing so well? mark is the boss, good morning. sales on the up, good news for you but why? i think it's a combination of things. first of all what we have seen of things. first of all what we have seenin of things. first of all what we have seen in the last ten years is a real resurgence of design and we are extremely committed to that, people in britain are getting much more confident putting design on the wall, that started with a phenomenon bath—macro phenomenon about feature was that has developed into people using wallpaper on more thanjust one wall, we track that every month and we see it increase month on month. people buying more roles, not just putting it on one wall, but all the walls. correct, they feel more confident, product innovation that we develop means the product is easier for people to use, easy for them to get on the wall and it's easy for them to get off again and they fancy a change, people are getting much more confident, using more paper. for now, thank you, great to see you. that is the idea what they are doing, they make 10 million rolls of this stuff every single year, 43,000 roll off the production line and they employ 500 staff, selling ride around the world. wallpaper sales back on the other. then on a rolling black bender. -- ali —— ali on a roll with the wallpaper there. some businesses will continue to accept the one punk and that they are under no obligation, they can refuse that currency. children in need are looking at it. —— the £1 coin. you're watching business live — our top story — us president donald trump is expected to withdraw backing from the nuclear accord with iran later today. a quick look at how markets are faring... this is the picture on what is happening in europe, a mixed picture, fluctuating, the dax was in negative territory moments ago, just coming into positive territory. after a close on wall street where stocks dipped after highs in recent weeks. this week we saw the imf issuing a warning about rising levels of global debt... and the bbc has seen an internal draft document that suggests the eu is to begin preparing for its post—brexit trade negotiations with the uk — even though its refusing to discuss the matter with the british government. let's discuss these stories with our economics correspondent andrew walker. let's talk about the imf. that came out earlier in the week, its predictions for global growth, it revised upwards of forecast. predictions for global growth, it revised upwards of forecastm predictions for global growth, it revised upwards of forecast. it was quite striking in terms of the economic outlook and specifically the outlook for financial stability. both of those had an assessment in the near term that things are looking good. strengthening economic growth led by developed economies, britain is an exception to that, unfortunately. and improved financial stability short—term because of that improved growth. it is easier for borrowers to keep up with debt payments if the economy is growing. but, there were concerns, you are right, about debt and a numberof other you are right, about debt and a number of other risks that the global economy is facing. on debt and financial issues more widely, it's a continuation of the theme that we've had for several years in the aftermath of the financial crisis. ultralow interest rates and quantitative easing policies, the imf have helped support the economy but are they building up problems long term? it's interesting, wall street closed partly on the back of falling bank stocks, because citigroup and jp morgan said they we re citigroup and jp morgan said they were concerned about the level of consumer debt, and in china? there is concern about debt in a number of developed economies but china is something the imf have warned about for a while. a boom in credit has been encouraged early on by chinese authorities to try to ensure that the slowdown in growth, which we have been talking about for several years now, is generally recognised as being necessary. they did not wa nt as being necessary. they did not want the slowdown to be too abrupt, but there is a danger of excessive credit growth as a result. the central bank has taken steps to try and take the heat out, which the imf has welcomed but there is some important work to do, to avoid the risk of a very sharp slowdown and china being the size it is, that would be bad news for a lot of other countries too. let's talk about brexit and where we are, there were high hopes that at this stage, the uk could have trade negotiations. there is the feeling that although those negotiations have not been green—lighted between the uk and eu, the 27 eu members are having those concerns? there is a draft document which is proposals for the conclusion is that the european summit may endorse next week. this isa draft, summit may endorse next week. this is a draft, it can change, but it does suggest that they are not ready to move on to be talks with the uk about the future trade relationship but they do want to start talking among themselves about, essentially, among themselves about, essentially, a negotiation position about the remaining 27 and what they feel should be the outcome of those talks when they do eventually get going. but i emphasise that this is a draft and it is perfectly possible it could change by the time the leaders meet. and there are issues about the tariff agreed? yes, the eu and uk managed to reach an agreement and it is about the way in which... their relationships with the rest of the world trade organisation after brexit. there is an area of tariff rate quotas, reducing imports on a numberof rate quotas, reducing imports on a number of agricultural products. the question is, how do you divide up those quotas after brexit? they had a proposal that would basically give the same total after brexit. and have agreed on a way of working that out but a number of other wt members had word on what was coming, they said before the formal announcement in the uk that it was not good enough, they want more and they include some countries that are potentially important trade partners after brexit. including new zealand and canada. so even when they do ee, and canada. so even when they do agree, we had to think about eve ryo ne agree, we had to think about everyone else and their opinion on it? but bearing in mind some of the big issues like the general level of tariffs, they will be relatively straightforward. the uk can adopt the eu's arrangements for the rest of the wto. but the issue of tariff rate quotas and agricultural subsidies is more complicated. andrew, i'm sure you will talk to us again. thank you. let's talk about hip hop star akon now — he's best known for his number one records — more than ten of them platinum selling — as well as many tv and film appearances. but he has recently been branching out into the energy business in africa. he spoke to our africa business correspondent lerato mbele about how he got the idea. i was doing concerts, and every time i would do concerts, the lights would go out. laughter i thought, something ‘s got to be done about it. we could never have a full concert without the electricity going black. there was a bigger problem. it wasn't just about a concert but people's lives and livelihoods, things of that nature. it prompted me to say, i want to do something in africa. your focus now is on energy and electricity, are you building the hard infrastructure orare you building the hard infrastructure or are you a venture you building the hard infrastructure or are you a venture capitalist? we are building hard infrastructure. we have a solar academy in mali, and it's doing very well. we are expanding as we go, and we have an assembly plant that we are looking into creating. eventually, we have manufacture in africa. but we recognise the biggest issue in africa's infrastructure was energy. you could not even begin to think about doing anything without energy. it became a main focus for us. what other business stories has the media been taking an interest in? alpesh patel is joining us again to discuss. that coin mania takes off. this story is on bloomberg. for the uninitiated, what is bitcoin? it is a virtual currency, it has a lot of benefits, it isn't money in your hand,it benefits, it isn't money in your hand, it is digital currency. as an asset, you can own it like pounds or dollars, this price point has made a lot of millionaires owning it. but the warning is, it isn't apple stock. it is volatile, we had an algorithm that we used to trade euros and stirling, traditional currencies and that works perfectly well with those but we've been using it to trade like bitcoin, it works perfectly well on those which tells you that this is a trading currency. it has just gone above $5,000. in summer it was down $3000. jamie diamond, from jp was down $3000. jamie diamond, from jp morgan chase, he said that he would fire anyone foolish enough to trade it. but others are changing their mind. and they are interested in the block chain. basically, the technology behind it, i have spent two days with the department of international trade here in the uk and all of the experts are saying to me that block chain is like what the internet was 20 years ago. its basically, like you said, a ledger, a technology that allows me to know where that money has been so that i can monitor that you've got it, now it's gone to someone else... but because it is an open ledger i do not need a bank or someone else, and that becomes very difficult. it also means i can monitor where funds are going. i means i can monitor where funds are going. lam means i can monitor where funds are going. i am working with a company called worldwide generation, working with you when to make sure the money goes where it is meant to. so governments can be more transparent and know is going and the bright people have it. there are a lot of implications, just like the internet we do not know what will happen happen in 20 years. and aianb, they are now going into construction and they have known brand of apartments that they want to rent out? it will be one of those things that we talk about it and it will be revolutionary. this will not annoy the neighbours so much. you will have areas where you have people just using these blocks but this is the exciting twist. not only does it open up trouble for people, like cheap airlines, but imagine you don't need parking spaces because you have a link with uber, you don't need that congestion. you can have more buildings. between aianb and uber, these kinds of companies, we haven't even begun to imagine. thank you for talking to us. it's lovely to have you. that's all, have a great weekend. goodbye. good morning. it is going to turn pretty warm over the next few days, i sunday temperatures in the south—east could well be reaching 23 or 24 degrees. today will be warm, but there is rain in the forecast. that is courtesy of this weather frontier, towards the north and the west. the isobars are fairly close together. breezy conditions for many of us through the day. rain in western scotland will be particularly heavy, around the cumbrian fells as well. rain clearing from northern parts, but towards the south, it stays dry all day. there will be a fair amount of cloud buts and bright spells coming through. in spite of that, temperatures of 17—19d. in north—west england and into southern scotland, in northern ireland, and through northern scotland, there will be sunny weather during the afternoon. shower started to brown. feeling a bit fresher. temperatures of 13 or 14 degrees. tonight, cloudy skies, rain in wales, north—west england, southern scotland. but it will be exceptionally mild tonight. overnight temperatures of 16—17d in places across england and wales. fresh and cool in scotland and northern ireland. on saturday, we start on a warm night and it stays warm into the afternoon. rain at times in northern england but later, in scotland and northern ireland, brighter skies for the afternoon. across many parts of england and wales. temperatures on the rise, highs of 21 degrees across the south—east, i by sunday, 23 or 24 degrees. but in northern areas, it's cooler. 16 or 17 degrees with rain on sunday. you may have heard there isa on sunday. you may have heard there is a hurricane on the way. technically, there is a hurricane on the way —— at the moment. hurricane ophelia, as it moves closer, it will dissipate. it will no longer be a hurricane, there is some uncertainty in the track of this ex—hurricane that it could be stormy. stay tuned to the forecast in the next few days and we will keep you updated online. that's all from me, goodbye. hello, it's friday, it's 9 o'clock, i'm tina daheley, welcome to the programme the world is facing a "post—antibiotic apocalypse" according to england's most senior doctor. professor sally davies says standard procedures like caesarean sections, could become life—threatening within a generation. i'm really worried as our experts that if we don't do things to control this, improve infection prevention, get new drugs, better diagnostics, we will risk losing antibiotics. we'll have the details and ask what's being done to avoid millions of deaths worldwide. also this morning... we have a special report from germany where a surge in right wing politics has led to growing hostility towards refugees in some towns.

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