BEIJING (Reuters) – China’s ruling Communist Party will enshrine President Xi Jinping’s political thought into the country’s constitution, state media said on Friday, further solidifying his power following its addition last year to the party constitution.
Spending fell 1.5% in December as consumers brought forward purchases to Black Friday
British consumers sharply reined in spending over the Christmas period, as Black Friday deals encouraged them to purchase presents earlier, rounding off the weakest year for retail sales since 2013.
According to the Office for National Statistics (ONS), spending fell back 1.5% in December after a strong November when the US-inspired discounting event appeared to boost sales. The drop was worse than expected among City economists and is likely to have dented profits for many British retailers over the key shopping month.
BEIJING (Reuters) – As influential voices within the U.S. business community warn China that U.S. President Donald Trump is serious about tough action over Beijing’s trade practices, there is little sense of a crisis in the Chinese capital, where officials think he is bluffing.
LONDON (Reuters) – The dollar wallowed near three-year lows on Friday as heightened fears of a U.S. government shutdown unnerved investors, while U.S. Treasury yields continued an upward march to hit their highest levels since September 2014.
HONG KONG (Reuters) – Top executives of Huawei Technologies Co [HWT.UL], including founder Ren Zhengfei, will pay a self-imposed fine totaling 3 million yuan ($469,000) for management oversight of some quality breaches at the firm, an internal company memo shows.