Saudi consumer spending stays above $3bn as education transactions halve
Saudi consumer spending stays above $3bn as education transactions halve
Business
China’s January-September Fiscal Revenue up 5.1% y/y
China's fiscal revenue increased 5.1% in the first nine months of 2026 from a year earlier, following a gain of 5.7% in the January-August period, the finance ministry said on Friday. In the January-September period, fiscal revenue totaled 17.2 trillion yuan ($2.58 trillion), with tax revenue growing 6.1% year-on-year and non-tax revenue expanding 1.2%. Fiscal expenditure was up 1.0% on the year in the period, slowing from a rise of 1.2% in the first eight months.
Business
Gucci Owner Kering Drops 12% as Luxury Braces for Tough Winter
Shares in Gucci owner Kering tumbled 12% on Friday after the group reported further sales declines, but said it would stick with CEO Luca de Meo's turnaround plan and accelerate store closures, aiming for 125 by year-end. The recovery long promised by luxury brands seems nowhere in sight, as the expansion of war in the Middle East, along with China's tax crackdown on the wealthy, piled further pressure on the world's biggest luxury conglomerates in the third quarter, and executives buckled in for a tough winter.
Business
Oil prices rise as Houthis launch another wave of attacks on Saudi Arabia | The National
Crude set to end week higher, with supply disruption in Libya also impacting prices