The news, anew
تنصرف الأبصار عند الحديث عن إغلاق مضيق هرمز إلى النفط والغاز، والشحنات التجارية، بسبب النسبة الهائلة من إمدادات الطاقة التي تمر عبره، لكن أزمة أخرى تتفاقم بهدوء، وتنذر ب"مجاعة عالمية" وتأخير إنتاج الغذاء حول العالم، بسبب "نقص الأسمدة".
Business
Saudi consumer spending stays above $3bn as education transactions halve
Business
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
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.
