Weak China retail sales add to pressure on Beijing to lift economy

• China's November retail sales miss expectations as real estate slump deepens

  The latest economic data out of China underscores lingering doubts about consumer spending.
  
  CNBC - 3h

• Australia lowers tax revenue forecast on weak Chinese economy

  Treasury cuts $5.4bn from budget estimates over next four years, citing ‘significant impact’ of softer commodities demand
  
  Financial Times - 5h
• 

  UK minister defends talks with Beijing despite China spy claims

  Home secretary says Britain will take robust approach to any challenge to national or economic security
  
  Financial Times - 15h

• China Moves to Trump-Proof Its Economy

  Leaders promised more government support for China’s struggling economy next year as they brace for another big showdown over trade.
  
  The Wall Street Journal - 3d
• 

  Collapse of France’s Government Further Burdens Its Weak Economy

  Already struggling with flat growth and a large debt and deficit, the country faces a new period of instability without a functioning government or a budget.
  
  The New York Times - Dec. 5

• Italy’s slowing economy raises pressure on Meloni

  Statistics agency halves GDP growth for 2024 as parliament adopts first part of next year’s budget
  
  Financial Times - Dec. 5
• 

  American Eagle Shares Plunge After Retailer Cuts Sales Outlook

  Shares of the apparel retailer fell 12% after the company forecast a steeper-than-expected decline in sales for the holiday quarter.
  
  The Wall Street Journal - Dec. 4

• Hormel’s stock slumps as sales are still being hurt by weak turkey prices

  Hormel was impacted by lower prices for whole-bird turkeys this year, as well as a production interruption at a Planters facility in Virginia.
  
  MarketWatch - Dec. 4

• China's AI balancing act — beating the U.S. but keeping the tech from threatening Beijing's rule

  Prominent AI scientist Max Tegmark said the narrative of a geopolitical battle between the U.S. and China racing to build the smartest AI is a "suicide race."
  
  CNBC - Dec. 3

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