Shoppers at a market in Hong Kong. Agence France-Presse
Hong Kong retail sales extended their free-fall in November as months of anti-government protests scared off tourists, hitting spending and threatening the survival of small businesses.
Hong Kong’s August retail sales were the worst on record, the government said, as escalating anti-government protests that have gripped the Chinese-ruled city for nearly four months scared off tourists and battered spending.
British retail sales unexpectedly fell in August after shoppers bought less online than the month before, when an annual promotion by Amazon appeared to have encouraged them to splash out, official figures showed.
Global shares dipped on Friday as data out of China, the eurozone and the United States put a lid on expectations for a sustained global rebound, with traders already worried about a delay in US fiscal stimulus.
Chinese firms like Xiaomi are facing delays getting approvals from India’s quality control agency for their goods, five industry sources told Reuters, as the business environment deteriorates after a clash on their Himalayan border.
Abu Dhabi National Energy Company (Taqa), announced on Thursday its earnings for the second quarter of 2020. The company’s revenues reached Dhs3.3 billion for the quarter, reflecting the COVID-19 pandemic ongoing adverse impact on energy markets.