- Two rockets struck an Iranian tanker traveling through the Red Sea off the coast of Saudi Arabia on Friday, Iranian officials said.
- It is the latest incident in the region amid months of heightened tensions between Tehran and the U.S.
- Iranian state television said the explosion damaged two storerooms aboard the unnamed oil tanker and caused an oil leak into the Red Sea near the Saudi port city of Jiddah. Source CNBC
- Diplomat Wu Ken warns ‘there will be consequences’ if the Chinese telecoms giant is excluded and floats possibility of German cars being banned on safety grounds
- German politicians are seeking to pass a bill to exclude ‘untrustworthy’ firms from 5G network amid ongoing security fears surrounding company
China’s auto sales sank 5.4% in November from a year earlier, putting the industry’s biggest global market on track to shrink for a second year. Source: CityNews
The business mood of Japan’s big manufacturers sank to a near seven-year low in the fourth quarter, a closely watched central bank survey showed, as the U.S.-China trade war and soft global demand weighed on the export-reliant economy. Source Japan Times
