into the light now and things really have to change fundamentally. reporting earlier in the mall to the capital. business africa is up next with your heart at the top of the hour thank you for your company for the for. the creative today's. 7. a historical trimming trees in politics business at least the 1st run by people of the islamic revolution. opens up making its initial flirtation with those strengths and states of emergency put things into chaos. joins the 2nd to split camps the people

threaten to steal. my cars. the start of an era that defines our message to. $1700.00 to be committed to its stance december 23rd to. shop till you drop. friday as a feast for the retail sector that spread like wildfire from the u.s. across the globe and bargain home just. to get a jump on black friday deals. 1000000000 euros for women the european investment bank formative investment supporting gender equality and female entrepreneurs. also on the show from our deserts to los forests hell spawns to many different

parts of africa but climate change threatens all the. areas in the region of. business africa update on africa the global business of fast. and we start in the u.s. after yesterday's thanksgiving holiday today is black friday the 1st shopping day in this year's christmas shopping season bargain hunters across america are flocking to the local shopping malls to kick off the season which this year is 6 days shorter because black friday takes place so late. in europe a less festive atmosphere there were protests and an amazon warehouse in france was blockaded activists draw attention to the environmental cost of unbridled consumption. now let's go to jose luis de haro in new york jose how important is black friday for retailers

i would see that it is a still relevant from a traditional standpoint is the official start of the most crucial season for retailers but it's true that it's no longer to biggest shopping day of the year in day u.s. cyber monday eclipse that black friday a couple of years ago and also last saturday before christmas also known as super tuesday is an important shopping day and the same time the rise of the combers has reduced the urgency of the usa consumer to getting into a store during the holiday period and we should not forget dane vention of new were shopping holidays such as amazon prime day or black friday in july offer for example by maisie's or best buy has blurred the lines between holiday and non holiday shopping that say that the christmas holiday season as a whole is still the most crucial time of the year and estimates see a total of $730000000000.00 in sales this year and it's a lot of money that's just for america but in america it is an american invention

like halloween how has it gone global. i guess that consumers who are white can pass a good sales and shop in. as big a traditional and online retailers such as amazon have gone global it is a perfect skews for them not to depend exclusively on the u.s. consumer to increase in the revenues and achieve their bottom line objectively in the last stretch of the year and meanwhile local retailers in other countries have realized i don't think black friday is the perfect skews it to expand the holiday shopping season farther giving them more significant scope to increase their topline and reduce the mentors. in new york for us thank you. know the global entrepreneurship monitor says women are still founding fewer businesses than men that reports that a man is 4 times more likely to set up a business than

a woman the highest number of female entrepreneurs can be found actually in sub-saharan africa. and goal of the split is roughly 5050 between men and women in morocco and egypt are gaping gender gaps when it comes to setting up in business now the european investment bank wants to assist african women in getting a startup off the ground to do so it is 1000000000 euros earlier i spoke to katherine cole a representative for the european investment bank in nairobi i asked her why the he sees the need to support women on such a large scale. good afternoon i think when one live in africa and having lived in africa myself and being here i think one thing that is clearly obvious is that the women are the backbone of the economy so if one wants really to create a change that transformative change in africa one has to support women and this

1000000000 initiative she invest that was launched a couple of weeks ago by the a.b.a. is really the prolongation of a process that was started a couple of years in the bank where we 1st develop agenda strategy which would then after that was followed by in a kind of a building block phase is where we said the basie's by training staff raising awareness across staff so that in the end we would come with a business model with chaz a gender lens on everything that we do and now we have reached this point where we've announced that we would help mobilize this 1000000000 investments to support women empowerment across the continent. who is going to be eligible to receive these funds. these funds 1st of all they will be received partly from a b. but since we always have this catalytic role where we are crowding others to fund we will deploy them through either financial institution and we will help them

develop their capacity to end identify clients and borrowers that are when women and open air or businesses that are supporting women and to partnership and women in parliament but it will also possibly be deployed through traditional infrastructure lending where we will see that these infrastructure have a specific benefit for women it can be through access to water that will help them you know not spending their day catching water or going to get some water but doing something else that is more product if and can generate an income from the family or getting reliable and affordable energy you have these small sore lantern for instance that help women in these little in the rural area and even in the urban area work longer because they can stay a bit longer with a bit of life in all these stores or infrastructure that will help them for

instance get access to sustainable transport that protects them as well because we know that this is one area where there is a lot of abuse and attack again women and if we can provide them safe transport it can be transformative for them as well catherine kolob from nairobi thank you very much. and out to some of the other global business stories making headlines today german comic a dime of us says it will slash at least 10000 jobs worldwide in a major cost cutting drive to help finance the transition to electric cars c.e.o. news previously announced the layoffs as the company is restructuring to adapt to changing comma constable said to be completed by 2022. the number of unemployed people in germany has fallen to its lowest level since 1990 and november fewer than 2200000 people were without a job consumers in the germany are spending more to sting the economy and the job.

troubled hong kong airlines says it was unable to pay almost half of its staff their november salaries on time the low cost carriers that business has been severely affected by political unrest in the city in the 6 months of pro-democracy protests have left the tourist sector battered with only how the usual number of visitors travelling to the country. spans the african continent separating the horror of the north from the green alliance to the south but increasingly climate change threatens the whole region global warming coupled with population growth of almost 3 percent means millions living there face an urgent threat to their livelihoods majestic shy over a fish's lake when young in mali like his father and grandfather before him history bided his family with food for generations but now thanks to climate change he says that tradition is under threat. by one but i've learned that the lake is shrinking

and the water doesn't stay long anymore sometimes it's completely dry makes is very worried by. researches say a 5th of lake when year has evaporated in just 2 years podesta that of course means less lake to fish and fewer fish to catch. a lake when your is a source of food water and income for 12000 people including him a desk does village he himself has a family with 14 children to feed children he had hoped would one day take over from him. things go on like this i don't think our children can become fisherman i personally don't believe it anymore but we are working on ways to ensure the water from the lake is not completely disappear we don't know if we will manage it will keep trying. there's only so much

communities like modeste as can do when faced with global climate change but what they can do is end damaging farming practices to keep from is the de vry left behind by farmers who work the land when the waters recede then leave once the dry season is over. i listen. they leave behind straw which stays in the water and decomposes building up silt at the bottom of the lake. so if you had climate change and insufficient rainfall to the behavior of the communities if they don't change in 5 years the lake could disappear. when there is leading the rescue effort say there can be a brighter future for the lake and the communities that rely on it from a desperate is less confident he thinks he'll be the last in his family to make the regular trips out on to the water. b.m.w.

group and china's great wall motors announced plans to build a plant and to produce electric versions of b.m.w. as many electric many as part of b.m.w. same to all electric vehicles account for at least 15 percent of global sales in the next 5 years many started producing an electric model it's planted oxford england this year the chinese factories scheduled to go online in 2022 and produce 160000 electric minis a year. and many had thought it might never happen but now the developers of a major new airport near berlin known as b. e.r. have set a new date for its opening the end of next year the project will be 9 years overdue and a staggering $5000000000.00 euros over budget the opening has been postponed multiple

times for reasons including builders going bust planners dropping out and fire safety standards not being met now in 11 months lynas should finally see the 1st flight leave the tarmac although many will only believe it i actually see it. and that includes me and that's it from me and the business team here and the berlin stay tuned for any mica and did a good news africa that's next right after this quick check of global markets at this thank you very much for watching in the east.

cut. grappling hooks some chicks. expressing feelings i am not very creative yet but i would love to be considered an artist mandate looking for new perspectives. or thinking out to be replenished fake rufio can i doing things differently. come to a place where we reflect on society. march 26th talk to.

me takes good personally i already with wonderful people and stories that make the game so special. for all truth. bombs placed on. the gulf more than football. claimed. there's a new year's africa coming up on the program where africa is still battling with high. spots this my thinking of congo is raising awareness. thousands of condoms in kenya with the hope of. also coming up. changing perceptions i'm trying to shift our one ship is transforming and in south africa.