and to save less than half of a twenty five year sentence. tis the season to be merry and spend spend spend christmas may be over with shoppers lined up for the season discounts for black friday and online sales of changing the nature of christmas retail. also coming up following the new silk road today we take a look at why china is building a new seaport in georgia and how local companies there are cashing in on the budgeting trade route ran as a festive feasters gorge on revisit a family owned smoked salmon producer in east london and find out what its owners think about the e.u. . and daniel winter and this is your business update christmas may be done dusted but retailers are still keeping busy just

a britain bargain hunters lined up in front of shops for the country's traditional boxing day sales this year the day was rather disappointing as thirty seven percent of shoppers chose to bargain on black friday instead according to a survey more than half of survey takers also thought boxing day sales have lost their luster due to the increase in online shopping. and to the u.s. now so he is on wall street for us so sophie it's being a happy holiday for online retailer amazon. yeah and the ateneo would step in come as a surprise to investors i mean think about where you probably have large mall store at least some of the open christmas presents i guess it was amazon if that's right amazon said they have been seeing the best holiday season ever with say its numbers reaching record highs throughout the month of november and december more people

than ever that is to say four million users became prime members also sending amazon's membership account to new highs amazon is again expected to account for more than fifty percent of new holiday online say it's in two thousand and seventeen but it looks like pull could be see a surprise slump yet who looks like the excitement to get it done the excitement is over for the i phone x. or its head. less sales poor cast for the i phone ten according to have a nice newspaper siding on identified sources they didn't comment but investors seem to me worry chairs of apple have been tumbling this week and multiple industry analysts also predicted a weight demand for the new flexible i phone citing the i phone tends a super high price of one thousand dollars and confusing features right sophie on wall street thank you very much for the. an explosion has rocked shouldn't oil

pipeline that feeds the major sea terminal at a siddha in libya military officials said attackers planted explosives on the pipeline near the town of miranda and blew it up oil industry sources say the blast has reduced the north african countries output by as much as one hundred thousand barrels a day brant crude rose one and a half percent after the blast to sixty six dollars ten a barrel. china and pakistan are considering extending their fifty seven billion dollars economic corridor all to afghanistan a part of an ambitious belton road plan linking china with asia europe and beyond china's trying to position itself as a helpful party to promote talks between pakistan and afghanistan tensions between the neighbors have been high since pakistan's independence seventy years ago let's hear what chinese foreign minister huang he had to say about the move to.

china and pakistan are willing to look at including afghanistan other bases of when neutrally beneficial principles discussing appropriate means to extend china pakistan economic corridor sure afghanistan. now that corridor will become part of what's being called the new silk road a global chinese infrastructure project it takes its name from an ancient trade route beijing is investing hundreds of billions of dollars to revive the route by building key trade infrastructure this week we want to take you want to journey along the new silk road and take a closer look at the most important stations today we stopped in tbilisi the capital of georgia it's the only country in the southern caucasus with access to the black sea cutting shipping time to europe significantly and georgia businesses want to get a slice of the new silk road action. for the guards is a family get together like this doesn't happen so often anymore they're all looking

after their businesses and son jordi now works in china as a marketing expert everyone here depends on chinese firms for their livelihoods to get all the to speak mandarin casually discuss the menu with the chinese restaurant staff. i thank you mother because it's through use that are whole family is connected to china. and. this new luxury hotel is a few kilometers from tbilisi it belongs to the chinese quarreling group the director is a friend of the family restaurant many guests here but the boss is thinking long term he's been in tbilisi for eighty years and has invested millions of chinese business park is due to be built close by with shops restaurants and a massive fim park. hollywood first they'll be

a lot of concrete in many trees will be planted because that will look nice and be good for the environment when the call goes off this is the entrance to the business park vacant land all owned by chinese investors a few months ago the biggest shopping mall in the caucuses opened here one hundred fifty thousand square meters of retail space but customers are scarce it's simply too far from the city center and western brands are not on offer. there are so much shops like this for. if you want to buy some furniture and other things you can come here and buy. mandarin lessons at the bend agrarian university in tbilisi the teacher is and his mother. she can't complain about lack of interest there are more students studying chinese than russian here. i study china's because i sing it it's

a more perspective language in the world and also china in a vase in a very. much money in georgia we already have a good relation with chinese people and i think that we will we have to continue this relation. family know their future is with china and it's a sure thing that their youngest member is going to grow up speaking mandarin that it. india is set to overtake the united kingdom and france to become the world's fifth largest economy next year as according to a report by the london based center for economics and business research currently ranked seventh india could further grow to the number three spot by twenty thirty two possible germany and japan the top spot will then be held by china followed by the united states. in the east of london smoking salmon has a long tradition that stems back to the jewish heritage of the area one family firm

is in its fourth generation specializing in luxury cured fish products and now it's won the cold coveted e.u. protected origin status yet surprisingly the company's owner is pretty skeptical of the european union smoked salmon from london's east end is a traditional local product it's just received the e use protection of origin label london cured. we can produce things like seven here for one hundred twelve years with the oldest pieces out in the world and some of the space fantastic tastes of salmon another smoke. form and smoke house is a family business now in its fourth generation he applied for the e.u. label four years ago long before the break that referendum. and we explain the history of the heritage of smokers have not being produced in

this part of town and the methodology of demonstrating that it hasn't changed after two years they approved it and then they have to put it forward to say you're going to have to go through a public consultation process and very proud to have this recognition this year. although he's received the recognition from the e.u. the company's head is convinced it's right for britain to leave the european union he doesn't believe in the euro and expects the e.u. to soon face another major economic crisis he's certain britain is better off without the e.u. and without the e.u.'s bureaucracy. two years ago there was a new regulation which meant that we had to spend literally tens of thousands of pounds reprinting our smoked salmon packaging so that a packet of smoked salmon could have an e.u. warning sign on the back saying contains fish i do think we've become far too regulates really too much of a nanny state and i don't think that's good for business generally foreman is

exporting salmon to more than thirty countries isn't he afraid his business could take a hit because of. that communication has changed hands so i don't think the e.u. is a purpose in terms of geography is irrelevant you know if you want to have a trading arrangement with another country it could be with any country in the world. lance is certain that china is the market of the future not the european union. and we've been here is we all the bureaucracy of the rules or regulations and we've sort of become tired as a result and i think it will give us a. great fresh opportunity to actually say why what are the positives when we see the trade deals around the world lance is convinced it's important to move ahead with the times but for the european union he believes the time is up.

time is up too that's it for this edition of business and if that wasn't enough you can check us out on social media as well you can catch me on twitter at. i'll be back tomorrow same time same place and the d.w. business team here in thanks for watching.

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