A super rich. Im daniel winter and this is your Business Update believe it or not many retailers make a massive forty percent of their yearly sales in the months leading up to christmas and it all kicks off with black friday retailers outside of the u. S. Are trying to get in on the action britain already has boxing day china has singles day with the likes of germany and france dont have one big day for shopping sales here black friday isnt staring out the door busting frenzy is seen in the u. S. A shopping frenzy in the u. S. Everything how far in the u. K. And the rush on Online Business in china. The black friday cyber monday fever is raging around the world. This Electronics Chain in the u. S. The birthplace of black friday is offering a fifty five inch t. V. For just one hundred eighty dollars sixty five inch for seven hundred fifty dollars for some shoppers thats a deal that doesnt need a reason when you get to t. V. From my pants room and i waited for about twenty five minute. This business in paris is offering twenty percent off all items yet theres no long line before the door and only a few full bags instead theres skepticism over an american shopping spectacle. I think its an anglosaxon thing its not typically french but apparently its working pretty well there are more people on the streets than i expected the reason i heard about it and i saw a lot of signs i received emails and coupons but it doesnt push me to buy more today. Because it will still be there. In germany one resourceful businessman even license the name black friday to get around paying fees other businesses have thought of clever replacements. And in china black friday is just one of several days of mega sales others are tied to a spacious times of the year. Yash raj i usually buy Household Items during Double Eleven or twelve and then i buy famous brand clothes on black friday. That he was jewish and im trying to. Its Little Wonder that Marketing Experts in china have encourage businesses to sell western name Brand Products at sale prices on black friday their luxury items for an emerging chinese middle class black friday may look different around the world but one thing is common customers eyes get big when they see that magic word sale. And the call to is on the wall street for us hence have you got your black friday shopping done. Well i havent even thought about what to get my friends and family here but overall it looks like give the season has started on a high note for the euro as a Retail Industry and expectations are that on average americans might spend it might spend nine hundred sixty seven dollars each that would be a new record overall just this thanksgiving weekend almost seventy percent of americans are going to start their Holiday Shopping and overall we see strong gains also here on wall street for Retail Stocks walmart for instance or especially. The Department Store chain macys with strong gains here of the weekend so despite the strong gains it seems that black friday isnt really what it used to be the trend is actually towards browsing on the friday and shopping online on cyber monday browsing on friday or even already on thursday we saw online sales increase by about eighteen percent yesterday on things giving day and overall it looks like for the First Time Ever more americans will do their Holiday Shopping online not off line and thats also why we see the stock of amazon dot com reaching a new all time high here in the friday session but it looks like the pockets of americans are deep enough for both for online and offline shoppers so it really looks like a pretty strong season for the Retail Industry overall here in the u. S. Ok well yes if you dont get your shopping done today you can do it at home by monday thank you very much reporting that a fox. German competition authorities are investigating allegations of illegal ticket price hikes at lufthansa the move follows a string of complaints from consumers since rival evelyns collapse prices on some routes have risen by up to thirty percent while also leaving left tons of the carrier operating certain routes within germany evelyns demises creates and indeed an additional a demand for around sixty thousand tickets a day tons of wants to take over the majority of planes to serve these routes that needs e. U. Approval before it can do so. Zimbabwes stock market is starting to recover from the chaos of the past days and zimbabweans are now looking to emerson man and god to fulfill his promises almost all of the population is out of work and he has promised jobs jobs jobs saying hell place emphasis on agriculture and Foreign Direct Investment the path to recovery will be long because the country has fallen far. Selling tomatoes and onions because thats the only way to scrape up enough money to get by but those days finally over right Collette Marie moez a trained engineer and feels cheated out of his future he used to own his own company but the economic crisis in zimbabwe threw business into a tailspin now he sells shoes. Had to do this you know order to supplement my income you know business hasnt been good. For the companies. In the biz basically trying to put food on the table for my family. There are a few jobs and zimbabwe some estimates put the Unemployment Rate did over ninety percent and businesses conducted in dollars you won or South African rand the countrys currency doesnt exist anymore the government here only issues a kind of promissory note that no one wants theres plenty of homegrown ambition and talent the founder of this Online Platform returned to zimbabwe from britain and has so far hired twelve staff but there are hopes things will now finally change for the better. Theres some economic fundamentals that need to be addressed and i expect and i hope that the new government will address those things i also. Hope that we have a bet a corner with a bit economy it impacts us directly so advertisers which is how thats how we survive. Zimbabwe has infrastructure a relatively well educated population fertile soil and plenty of Mineral Resources and many now hope that with mugabe gone the country will finally be able to reach its full potential. A u. Leaders met in brussels on friday to discuss cooperation with former soviet states as part of an initiative called of the Eastern Partnership of the six countries taking part in the Program Ukraine moldova and georgia already have free trade deals with the European Union our correspondent Nick Connelly went to georgia to see what impact those changes are having. Its here at the foot of the Caucasus Mountains just a stones throw from georgias border with russia that scientists believe that wine was first produced some eight thousand years ago today wine is the countrys third biggest export. German unsure when wines now filled about one and a half million bottles a year ninety percent of it tricks bought western europe used to be the firms biggest market but thats not changing fast you follow the example that you know you already have for it or why. This goes. On in. China adopting e. U. Standards has opened doors and not just in europe other countries are taking notice of georgian wine but what is the countrys free trade deal with the e. U. Meant in practical terms for day to day business our board is here and all and. Its much better for to make business for European Countries same standard same. Documentation and same papers. The fall of the soviet union so Living Standards in georgia nosedive in recent years tensions with russia traditionally georgias biggest market and political instability have made for a toxic mix add to that georgias location more than a thousand kilometers from the nearest e. U. Member and its Little Wonder the unemployment estate in double figures for the past two decades but what was a disadvantage is now being turned to the countrys advantage as georgia positions itself as a hub for the region and a gateway to europe. For chinese its a very good fortune. Because producing in georgia they can trade with you without any taste for you its very useful in georgia we have a very cheap labor market so for a European Company its very easy to invert the product and then trade back to there is contrary. While talk of georgia as a singapore of the caucasus may still seem premature new railings to china and a new deep sea port mean the country could soon revive history as an important stage on the new silk route and the center of eurasia and trade. And that rounds off our week all Business Updates from all check us out online until next time from me on the Business Team in berlin thank you very much for watching and have a great week. Its about moments that. Its all about the stories in so. Its all about George Chance to discover the world from different perspectives. Join us inspired by distinctive instagram or yours at g. W. Stories topic each week on instagram. Climate change. Waste. Pollution. Isnt it time for good news at africa people and projects that are changing around vironment for the better its up to us to make a difference lets in china. Be going to be environment magazine. D. W. Crime fighters the new season of radio crime thrillers begins. Moving. To show Domestic Violence cyber crime and Human Trafficking for investigative cases that will keep you on your toes Crime Fighting stories of the base idea ever so every young person needs to listen to crime fighter and shall tell a friend tell a friend to a friend crime fighters dont miss it. Welcome
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