Black Friday sales surge to a record high

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/Reuters

Black Friday sales added 6.6% reaching the biggest amount ever as US consumers shopped heavily despite 9% unemployment. According ShopperTrak's statement, US Consumers spent $11.4 bn on Black Friday while foot traffic added 5.1%. Increase of 6.6% is the biggest gain during Black Friday since 8.3% surge in 2007. National Retail Federation suggests about 152 m consumers were shopping at websites and stores on Black Friday.

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Mon, 28 Nov 2011 10:51:20 GMT

European markets open higher on Monday

European shares climbed on Monday morning as investors reacted to weekend reports suggesting European officials have found new solutions to tackle debt turmoil. On Tuesday they are expected to agree on means how to fund EFSF. Stoxx Europe 600 index edged up 1.0%, French CAC 40 added 1.6% while German DAX 30 index and FTSE 100 index each advanced 1.5% and 0.8% respectively.

Mon, 28 Nov 2011 10:50:54 GMT

First elections in Egypt after Hosni Mubarak

Many people are already queuing to vote in the polling stations in Cairo today. However, the Egyptians who insist on the elections to be postponed still protest on Tahrir Square. At the moment the country faces a great uncertainty, said the military council. Today's voting starts the election schedule and will finish by March 2012.

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