simple rules simple fun it's high fives all round the baseballs handy alternative. a reminder now of our top story at this hour a new chapter has begun in zimbabwe with the inauguration of president emerson god what he took the oath of office amid jubilant scene that the national sports stadium in the capital harare. it's only a month to go until christmas and it's time to go shopping it is black friday in the u.s. helena has that story coming up on business in just one minute. frank food. international gateway to the best connections self and road and rail.

located in the heart of europe you are connected to the whole world. experience outstanding shopping and dining office and try our services. be our guest. managed by for. make your store t.v. even smarter with a d w four small to. what you want when you want it up to date extraordinary. depth you decide what's on find out more than double dot com smart. crunch time for retailers with only a month to go until christmas black friday kicks off the holiday shopping season

for customers in the u.s. a flood stores many people in germany are still not completely convinced about what to make of the shopping bonanza. or so coming up a huge science fiction theme park goes up in an area of china but is it even real we investigate a borderless world between reality and technology. and the grapes of georgia we explain why the country is seeing a wine revival. this is your business update i'm headed on free in berlin thanks for joining me the weeks before christmas are crucial for retailers in the united states black friday officially kicks off the holiday shopping spree and here's a little bit of history for you the philadelphia police cordoned the phrase black friday back in the one nine hundred sixty s. when the friday off the thanksgiving sales created traffic jams and drew so many a really shoppers that darkened their workday and well things are much different now. they'd barely had time to digest the thanksgiving turkey

macy's in new york opened its doors a day early the iconic department store keen to be the first stop for enthusiastic shoppers black friday has long been an institution in the united states traditionally seen as the beginning of the holiday shopping season when retailers go from being in the red to in the black. the day of boundless consumption for business owners it's a dream come true no wonder then that retailers abroad have tried to get in on the trend but is there an appetite for black friday outside of the united states some shoppers on the streets of berlin seemed less than an. it's pointless. people will buy things whether they're a little cheaper or not. we've taken this on from america and its stupid. online retailers have also been trying to caution in germany alone black friday and

the following so-called cyber monday are expected to generate an extra one point seven billion euros in sales but german consumer protection groups are warning people to shop with caution they say it's important to remember that not everything that glitters is gold. cool head do some research use price comparison websites to check if it's really a good offer and whether or not to go for us a cool head while black friday may have arrived in germany it will probably be a while before scenes like these in new jersey become the norm. and let's bring in our financial correspondent on your call who is in frankfurt daniel you were out and about a little earlier testing the retail sentiment in the city did you bump into a lot of bargain hunters. yeah i was outside just a few meters away from here on the side of the biggest shopping street here in

frankfurt and though we are not seeing those lines as we are seeing them in the united states black friday here in germany seems to be more something for the equal mirza business but when you talk true investors are telling me that they're expecting actually that today another one point one billion euros of revenue for retailers will be created and of course this is a quite a big number what they actually tell me what is more interesting for them that they're really seeing that the consumer behavior has changed christmas presents used to be bored and the first two weeks off december all this now has shifted because of this black friday hype to the end of november and now daniel the new business climate index for germany has been released tell us more about it and how investors are reacting to it and this can kind of came a surprise today because investors were actually expecting that because of those

problems that we're having right now to form a government in germany that the business climate index would be actually down it's actually now reaching and now the record with one hundred seventeen point five points and even though we're having a very strong euro currency at the moment with about one and nine and teen the blue chip index stocks has really benefited today from this business climate index it's right now up with about one percent. frankfurt good to talk she thanks another day another japanese company owning up to the fact that it's falsified data on its products often a subaru and steel mitsubishi materials has now admitted it lied to its customers the company's stock fell by over ten percent on the nice. rubber seals and gaskets found in planes but also nuclear power plants the safety of ports like these is no one question mitsubishi material says subsidiaries falsified data about product

characteristics a string of similar violations has already shaken several other japanese industrial giants regulators are angry. that it does misconduct or betrayals of trust in japanese manufacturing the ministry urges the entire manufacturing industry to prevent such materials. but the reasons for such betrayals of trust are anchor deef the heads of kobe steel the first company to admit fault were contrite about the quality control issues for years the steel makers submitted fake data on the quality of their products and what investigators now think was an attempt to increase profits carmakers nissan and subaru soon followed in kobe's tracks safety checks on many cars hadn't been carried out properly hundreds of thousands of vehicles had to be recalled what makes mitsubishi materials that mission even more serious is that their products are also used in military equipment japan's defense minister sought to calm fears. we believe there is no need to suspend our usage of

the related equipment as we haven't received any reports on any trouble. that wasn't enough to comfort stockholders on friday in tokyo shares in mitsubishi materials took a nosedive. now think fox can be a lot of fun and we're not just talking about the daring rides but also for operators communities profiting from the money that visit to spend there that's exactly what authorities in. banking on just outside the capital one is china of one of china's poorest regions and he theme park is set to open at the beginning of next year featuring exclusively virtual reality rights. this is china's first virtual reality theme park and it's not just another example of a massive infrastructure investment in the country many hour hoping that this first in reality themed park will bring more visitors i believe that after the park opens

it will change tourism and wheezing province and china's southwest this is an inoperative attraction because it's just different it will definitely have a strong pull and can bring more tourists to. the park which cost one point five billion dollars to build lies on the outskirts of we on the capital of which is one of china's poorest provinces but while the investment is expected to benefit the region not everyone is convinced the theme park will improve the lives of locals. there are some projects that are polluting the environment. and we farmers hope that we can get rid of this pollution. it's bad for the countryside our kids and our society so on in the local how are hundreds of millions have been invested in this infrastructure what remains to be seen is whether locals will be able to

benefit. a year later is a meeting in brussels right now discussing cooperation with states as part of an initiative eastern partnership of the six countries taking part in the program three of us ukraine moldova and georgia already have free trade deals with the european union correspondent nicole many went to georgia to see what impact those changes are having it's here at the foot of the caucasus mountains just a stone's throw from georgia's border with russia that scientists believe that wind was first produced some eight thousand years ago today one of the country's third biggest export. german unsure when winds now fills about one and a half million bottles year ninety percent of it brick sport western europe used to be the firm's biggest market but that's not changing fast. exeunt here

now is warning. why china. this goes back and. china. adopting e.u. standards has opened doors and not just in europe other countries are taking notice of georgian wine but what does the country's free trade deal with the e.u. meant in practical terms for day to day business our board is here and all and. it's much better for to make business for european countries same standard same. documentation and same papers in the fall of the soviet union so living standards in georgia nosedive in recent years tensions with russia traditionally georgia's biggest market and political instability have made for a toxic mix add to that georgia's location more than a thousand kilometers from the nearest e.u. member and it's little wonder the unemployment estate in double figures for the

past two decades but what was a disadvantage is now being turned to the country's advantage as georgia positions itself as a hub for the region and a gateway to europe. for chinese it's a very good abortions see things i sing georgia because producing in georgia they can trade with you without any taste for you it's very useful in georgia we have a very cheap labor market so for a european company it is very easy to invert georgian product and then trade back to there is country. while talk of georgia as a singapore of the caucasus may still seem premature new railings to china and a new deep sea port in the country could soon revive history as an important stage on the new silk route and the center of eurasia and trade. that's it your stay with us from the world of business for more head to our web site at the dot com slash

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