China’s trade surplus hits $1tn for first time despite Trump’s tariffs – business live

Trade data shows China’s exports topped forecasts in November, driven by a surge in shipments to non-US markets

There’s a kerfuffle in the mining industry today, where investors have blocked a controversial multi-million pound bonus.

Mning giant Anglo American has dropped plans to seek approval to change its executive directors’ bonus awards, if its planned merger with Canada’s Teck Resources was completed.

Whilst Shareholders with whom we consulted strongly supported the objectives of Resolution 2 and appreciated the very specific context for the Proposals, they nonetheless raised a number of concerns when considering more general remuneration principles.

Anglo American strongly believes that the proposed amendment represents the most practical way to support the Merger process and the principles and objectives set out in the Circular but, having reflected carefully on Shareholders’ concerns, has therefore decided to withdraw Resolution 2 from the agenda of the General Meeting.

Within the industrial sector, an increase was recorded across all three main groups: the production of capital goods and consumer goods each rose by 2.1%, and the production of intermediate goods by 0.6%. Outside of the industrial sector, energy production increased by 1.4%.