5 Things You Need To Know, Today, on Monday 10th of December 2018
Five financial stories trending today, including OPEC agreeing to reduce output by 1.2 million barrels per day.
5. UK's November shopper numbers fall worst for a decade
Shopper numbers in Britain saw their largest November drop for a decade, as Black Friday discounts drove more shopping online, retail researcher Springboard said on Monday. It said footfall on high streets, shopping centres and retail parks fell by 3.2 percent year-on-year last month - a twelfth consecutive month of decline.
4. HSBC and Standard Chartered ensnared in Huawei dispute
Two large British banks are among those ensnared in the controversy over Huawei Technologies, which escalated over the weekend after the Chinese government warned Canada it would face “severe consequences” if it did not release the Chinese telecommunications giant’s finance chief.
3. EU’s top court rules UK can unilaterally end Brexit
Britain is free to cancel its notification to leave the EU without the unanimous consent of other EU member states, according to a landmark European Court of Justice decision.
2. Oil price jumps 5 per cent on reports Opec has agreed to cut production
The price of oil jumped by as much as 5.4 per cent on Friday after it emerged that the Organisation of Petroleum Exporting Countries had agreed to reduce output by 1.2 million barrels per day.
1. China Summons U.S. Envoy Over Huawei CFO
China’s Vice Foreign Minister Le Yucheng has summoned the U.S. Ambassador to China, Terry Branstad, in a protest over the arrest of Huawei Technologies Co. Chief Financial Officer Meng Wanzhou, and said it will take “further action” if needed.