i but there are also doubts about what lies ahead. our want to tell you about some breaking news that's just a coming in police in london say they're responding to what they're describing as an incident at oxford circus subway station that's one of the busiest stations in the british capital you're watching live pictures is currently being evacuated police are devising people to go into the surrounding buildings and not stand around on the streets there are no further details on that right now but we will bring you more as soon as we have it and these are pictures outside the department store selfridges just a lot of people will be there doing at their holiday shopping and apparently that department store is currently being evacuated we're going to stay on top of this story and bring you more as soon as we get it. thank you so much for spending part of your day with us.

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crunch time for retailers with only a month until christmas black friday kicks off the holiday shopping season or customers in the u.s. flood stories many people in germany are still not sure what to make the shop big ben apps are. also coming up batteries included german car maker b.m.w. opens a research center to power its way into an electric future. and the grapes of georgia we explain why the country is seeing a wind revive. this is your business update i'm havin a home for you thanks for joining me it's the crucial week for many retailers in the u.s. black friday is officially kicking off the holiday shopping spree in the philadelphia police cordoned the phrase black friday back in the one nine hundred sixty s. when deals on the friday after thanksgiving created traffic jams and through so

many are shockers they said it darkened their workday and much of that hype has prevailed in new york city macy's started its black friday discounts a day early as a flood of shoppers rushed into the department store on thursday night now many places people camped out all night in front of department stores to be the first to be let in. let's bring in our financial correspondent daniel now who's in frankfurt now daniel you've been out and about testing the retail sentiment should we say in frankfurt a little earlier did you bump into any bargain hunters. well i actually just went outside again and went to one of the biggest shopping centers here and yeah you can feel there are more people but of course we're not seeing here this high that we're seeing in the united states with people standing in line just you know waiting for those big offers here in germany black friday is more

a kind of an equal merce thing but experts are telling me that they're really seeing that the shopping behavior off people here in germany and europe have changed also because of black friday usually at the christmas sale we're starting in the first two weeks of december this kind of has shifted to november and of course one point seven billion extra revenue is quite some money and of course it being a friday danielle what's been making the markets news this week. well this week of course all the investors were also monitoring very closely those failed coalition talks that we have seen in germany some of where really fearing on monday that this could result into of a landslide but this wasn't the case investors seem to be very optimistic about the german recording me i guess is also reflects the business climate index that was released today again with a new record of one hundred seventeen points so investors are taking all of this very relaxed. in frankfurt for us thank you.

armisen workers here in germany have staged a strike to demand better wages walkouts to places six warehouses across the country the industrial action was organized to coincide with black friday german trade union verde says amazon employees receive lower wages than workers in comparable drops the retail giant insists the strike will not affect deliveries. another day another japanese company owning up to the fact that it has falsified data on its products often miss subaru and kobe steel now mitsubishi materials has admitted it lied to its customers the company's stock plunged by over ten percent on the news. rubber seals and gaskets found in planes but also nuclear power plants the safety of parts 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 admission 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. well in the wake of the w.'s diesel gate scandal every german call maker has plans for electric cars and a bit to keep up with tesla b.m.w. is already building prototypes of the electric engines of the future it's planning to produce mass of mass production of nine electric car models in the coming two years and it's building what it calls a knowledge for battery technology but for the forseeable future batteries will continue to be supplied by an external supplier. when our correspondent. was out that new b.m.w. research center in unique and i also know if the german comic who was not a little bit late to the immobility party considering tesla gigafactory.

exactly you have to have it in a bottle where there's lots of sunshine lots of energy and the advantage that tesla has of course is it's a smart. small and quick company you can react quickly you can develop things you know very fast the german car industry in general is more of the the massive type you know developments take long new cars that are brought out they take years and years but companies like b.m.w. have been they've been working on electric mobility for as much as ten years now. and it's not the only one as well i mean di miscall is battery factory which went up in may the investing thirty four billion in this segment is called makers do not take this step are they essentially making themselves irrelevant. while. definitely emo billet is going to be part of the future but we're not

going to see a crazy revolution any anytime soon the speed is picking up yes definitely but in the near term middle term future we're still going to see a lot of combustion engines. you know ability is a market they need to enter they need to be part of this specially in countries like china where there is actually a quota now if you don't sell a minimum of electric cars percentage wise you don't sell at all but it won't be just electric cars in the future so there's still money to be made in the other other of the vehicles a correspondent. in munich thank you. have been missing in brussels to discuss cooperation with former soviet states as possible initiative called 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 correspondent nick connolly went to georgia to see what impact those

changes. it's here at the force of the caucasus mountains just a stone's throw from georgia's border with russia that scientists believe line was first produced some eight thousand years ago. today wine is the country's third biggest export german owned short man winds now fill about one and a half million bottles a year ninety percent of it for exports western europe used to be the firm's biggest market but that's not changing fast is followed out of six hundred both coasts up here oh it's all of the heart for export and good wines go to china market this goes to kazakhstan and from kazakhstan border both to china. adopting e.u. standards has opened doors and not just in europe other countries are taking notice of georgian wine the winery manager tells us how a free trade deal with the e.u. has affected day to day business our borders are easy and all and.

it's march better for to make business for european countries same standout same. documentation and same papers. the fall of the soviet union so living standards in georgia nosedive in recent years tensions with russia traditionally georgia's biggest markers and political instability have made for a toxic mix. to that georgia's location more than a thousand kilometers from the nearest e.u. member and it's little wonder that unemployment has remained high. now though the country is positioning itself as a hub for the region and a gateway to europe. for chinese it's a very good abortions see things i see in georgia because producing in georgia they can trade with the e.u. without any. for e.u. it's very useful in georgia we have a very cheap labor market so for

a european company it's very easy to invert georgian product and then trade back to there is country while talk of georgia as a singapore of the caucuses may still seem premature new rail links to china through central asia and a new deep sea port mean the country could soon revive history as an important stage on the new silk route and a center of eurasian trade. we are following some breaking news for you police in london are saying they're responding to what they're describing as an instant at oxford circus subway station these are live pictures now that subway station is one of the busiest in the british capital currently being evacuated police are advising people to go into surrounding buildings not to stand around on the streets we will update you on that story as we get more details here on the at the top of the hour thanks very much for joining us and ceasing. now.

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your children like chocolate. you can't live without your smartphone. to make jokes the supermarket. as we go about our daily lives human rights often don't last long. this is. in the twenty first century. starting december second g.w. .