Podcasts by Business in 60 Seconds
Business and financial news of the day from around the world in 60 seconds from TRT World.
Further podcasts by TRT World
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April 23, 2021 Biz in 60 from 2021-04-23T23:07:45
Turkey arrests dozens in Thodex crypto exchange fraud probe
Turkish authorities are seeking a so-called 'red notice' from Interpol that would help them track down and arrest the founder of one ...
April 22, 2021 Biz in 60 from 2021-04-23T22:53:41
Turkey opens probe into cryptocurrency platform Thodex
Turkish prosecutors have launched an investigation into Turkish cryptocurrency exchange platform, Thodex. That's after the exchange abrupt...
April 21, 2021 Biz in 60 from 2021-04-23T22:51:25
UAE becomes second biggest buyer of US Treasury securities
The United Arab Emirates surpassed China to become the second-biggest buyer of US Treasury securities in February after the UK. The oi...
April 20, 2021 Biz in 60 from 2021-04-21T21:55:25
UK's unemployment rate falls unexpectedly to 4.9%
The UK's unemployment rate fell unexpectedly in the three months through February, despite the country being in a tight lockdown. The jobless r...
April 19, 2021 Biz in 60 from 2021-04-21T21:52:26
Consumers stockpile $5.4T of savings since pandemic began
Moody's has found that up to 5-point-4 trillion dollars has been stockpiled by consumers worldwide since the coronavirus pandemic began...
April 13, 2021 Biz in 60 from 2021-04-13T21:48:37
Singapore's Grab to go public in $40B SPAC deal
Southeast Asia's ride-hailing giant Grab has agreed to go public in the US through a merger with special purpose acquisition company, Altimeter G...
April 12, 2021 Biz in 60 from 2021-04-12T22:28:20
Microsoft agrees to buy AI firm Nuance for about $16B
Microsoft has agreed to buy artificial intelligence and speech technology firm, Nuance Communications, for about 16 billion dollars. The de...
April 7, 2021 Biz in 60 from 2021-04-09T07:34:45
Private equity firm CVC makes $20B offer for Toshiba
CVC Capital Partners has made a 20-billion dollar offer to buy-out Toshiba. The bid comes as the Japanese conglomerate faces scrutiny over a...
April 6, 2021 Biz in 60 from 2021-04-09T07:31:51
Cryptocurrency market capitalisation tops $2T for first time
The total value of the entire cryptocurrency market has topped $2 trillion for the first time, following a recent rally in prices of...
April 5, 2021 Biz in 60 from 2021-04-09T07:28:31
US court sides with Google in a copyright dispute with Oracle
The US Supreme Court has handed Alphabet's Google a major victory in a long-running copyright battle with Oracle. The court said Go...
April 1, 2021 Biz in 60 from 2021-04-01T19:35:33
US unemployment claims fall to 684,000 last week
US jobless claims fell more than expected last week as economic activity rebounded following weather-related disruptions. Another 684-thousand p...
March 31, 2021 Biz in 60 from 2021-03-30T21:39:40
Turkey to take Saudi boycott to World Trade Organization
Turkey's lodging a complaint with the World Trade Organisation against Saudi Arabia for forcing businesses to boycott Turkish goods. Riy...
March 29, 2021 Biz in 60 from 2021-03-29T21:34:06
J&J agrees to supply 400M vaccine doses to African countries
Johnson and Johnson has agreed to supply up to 220-million doses of its single-shot coronavirus vaccine to the African Union this ye...
March 24, 2021 Biz in 60 from 2021-03-25T10:20:03
Pfizer begins human trials of oral COVID-19 drug
Pharmaceutical giant, Pfizer, has begun early-stage US trials on a coronavirus oral anti-viral drug. The pill is designed to be taken early in a...
March 23, 2021 Biz in 60 from 2021-03-25T10:15:50
UK unemployment falls to 5% in three months to January
Unemployment in the UK has fallen for the first time since the pandemic began, with the jobless rate slipping to 5-percent. Figures from t...
March 22, 2021 Biz in 60 from 2021-03-25T10:07:46
CEO Leon Black quits Apollo over Jeffrey Epstein scandal
Wall Street billionaire Leon Black has quit his leadership positions at Apollo Global Management, the investment giant he co-founded. Bl...
March 18, 2021 Biz in 60 from 2021-03-19T07:24:40
New Zealand's economy unexpectedly shrinks 1% in Q4
New Zealand's economy suffered a surprise contraction in the fourth quarter, denting hopes of a swift recovery from the pandemic. GDP shrank ...
March 17, 2021 Biz in 60 from 2021-03-19T07:21:36
Four US states join Texas-led lawsuit against Google
Four more US states have joined a Texas-led lawsuit against Alphabet's Google, bringing the number of plaintiffs to 15 states and territorie...
March 16, 2021 Biz in 60 from 2021-03-19T07:18:26
Sackler family increases opioid settlement offer to $4.3B
Members of the Sackler family who own Purdue Pharma, have offered 4-point-3 billion dollars to resolve thousands of lawsuits linked to ...
March 15, 2021 Biz in 60 from 2021-03-15T22:35:19
China's industrial production and retail sales surge
China's industrial output has surged sharply in the first two months of the year, underscoring the country's recovery from the coronavirus p...
March 9, 2021 Biz in 60 from 2021-03-10T07:10:17
OECD revises up global growth forecast for 2021
The Organization of Economic Cooperation and Development has revised up its forecast for global growth this year because of the relatively rapid ...
March 8, 2021 biz in 60 from 2021-03-10T07:04:40
Microsoft hack tied to China leaves thousands vulnerable
Microsoft is blaming the Chinese- government backed hacking group, Hafnium, for an attack on its servers that has so far compromised at ...
March 4, 2021 Biz in 60 from 2021-03-04T18:18:56
US suspends tariffs on UK goods seeking to resolve dispute
The United States has agreed to suspend retaliatory tariffs imposed on UK goods over a long-running dispute over aircraft subsidies. T...
March 3, 2021 Biz in 60 from 2021-03-03T21:19:42
Turkey's inflation rate rises to 15.6% in February
Turkey's annual inflation rose to 15-point-6 percent in February, maintaining pressure for tight monetary policy. The cost of household equipm...
March 2, 2021 Biz in 60 from 2021-03-03T11:03:28
Two Americans extradited to Japan for allegedly aiding Ghosn
Two American men have been handed over to Japanese authorities for allegedly helping the former Nissan chief Carlos Ghosn flee the c...
March 1, 2021 Biz In 60 from 2021-03-03T09:41:13
France's ex-president Sarkozy given jail term for corruption
Former French president Nicolas Sarkozy has been sentenced to three years in jail, with two of them suspended, over corruption charg...
February 25, 2021 Biz in 60 from 2021-02-26T14:14:50
US weekly unemployment claims fall sharply to 730,000
The number of Americans filing for unemployment benefits fell more than expected amid an easing of COVID-19 infections. Another 730-thousan...
February 24, biz in 60 from 2021-02-24T20:02:37
Top executives resign from Texas power grid operator
Top executives of Texas's power grid operator have stepped down after millions of homes lost electricity during a deadly winter storm last w...
February 23, 2021 - Biz in 60 from 2021-02-23T18:00:07
UK unemployment hits highest level in almost five years
Unemployment in the UK has reached its highest level in nearly five years after a coronavirus resurgence prompted tougher lockdown measur...
February 22, 2021 - Biz in 60 from 2021-02-22T19:09:26
Indian court halts Future's $3.4B deal on Amazon plea
India's Supreme Court has blocked the 3-point-4 billion dollar sale of retailer, Future Group, to the country's largest business conglomera...
February 18, 2021 - Biz in 60 from 2021-02-18T21:01:41
Turkey's central bank keeps policy rate unchanged at 17%
Turkey's central bank has left its benchmark interest rate unchanged at 17-percent, in line with expectations. Under the newly appointed...
February 17, 2021 - Biz in 60 from 2021-02-17T19:50:51
Rio Tinto to pay record $6.5B dividend as profit soars
Rio Tinto has rewarded investors with the biggest dividend in its history after higher iron ore prices boosted its full-year earnings. The...
February 16, 2021 - Biz in 60 from 2021-02-16T18:42:13
Bitcoin briefly tops $50,000 for the first time
Bitcoin has briefly crossed the 50-thousand dollar mark for the first time, as the world's most popular cryptocurrency extends its rally. The dig...
February 15, 2021 - Biz in 60 from 2021-02-15T19:04:30
Japan economy grows 12.7% year-on-year in fourth quarter
Japan's economy has recorded another quarter of double-digit growth thanks to a surge in exports. GDP grew an annualised 12.7-percent fr...
February 11, 2021 - Biz in 60 from 2021-02-11T21:00:22
US weekly unemployment claims dip slightly to 793,000
The number of Americans filing for unemployment benefits has fallen slightly as authorities begin easing coronavirus restrictions. Another ...
February 9, 2021 - Biz in 60 from 2021-02-09T18:54:15
Reddit's valuation doubles to $6B after funding round
Reddit has raised more than 250 million dollars in a new round of funding, that doubled its valuation to six- billion dollars. The funding ...
February 8, 2021 - Biz in 60 from 2021-02-08T18:03:55
Elon Musk's electric carmaker Tesla invests $1.5B in bitcoin
Tesla has announced it bought 1-and-a-half billion dollars worth of Bitcoin in January as part of its efforts to diversify its inves...
February 5, 2021 - Biz in 60 from 2021-02-06T15:22:50
US economy adds 49,000 jobs in January
US jobs growth rebounded in the first month of 2021 as authorities began easing coronavirus restrictions on businesses. Nonfarm payrolls increased by 49-t...
February 4, 2021 - Biz in 60 from 2021-02-06T15:14:08
UK, EU to probe Nvidia’s $40B acquisition of Arm Holdings
The UK and EU will open a probe into Nvidia's 40-billion- dollar acquisition of British chip designer, Arm Holdings, from Softbank. Reg...
February 03, 2021 - Biz in 60 from 2021-02-03T18:40:19
Tencent blacklists 37 firms, fires more than 100 staff
Tencent has blacklisted and terminated relations with 37 partner companies over embezzlement and bribery incidents. The Chinese social med...
February 02, 2021 - Biz in 60 from 2021-02-02T21:26:49
Robinhood raises another $2.4B amid surge in trading
Robinhood Markets has raised 2-point-4 billion dollars from shareholders in a bid to shore up its finances strained by turbulent trading. Th...
February 1, 2021 - Biz in 60 from 2021-02-01T22:06:35
Turkey's manufacturing activity expands in January
Turkey's manufacturing activity expanded at a strong pace in January with sharp upticks in orders and output. The Purchasing Managers' Index f...
January 29, 2021 - Biz in 60 from 2021-01-29T18:45:01
France's economy shrinks 1.3% in fourth quarter
France's economy fared better than expected in the fourth quarter despite the resurgence of coronavirus cases. Gross domestic product shrank by 1...
January 28, 2021 - Biz in 60 from 2021-01-29T15:30:12
Kenya's economy enters first recession in 20 years
Kenya's economy has slipped into recession for the first time in 20 years as measures to contain the spread of COVID-19 hit industrial output....
January 26, 2021 - Biz in 60 from 2021-01-28T09:27:31
South Korea's economy expands 1.1% in fourth quarter
South Korea's economy grew at a faster-than- expected pace in the fourth quarter, as surging exports helped offset sagging domestic demand. ...
January 25, 2021 - Biz in 60 from 2021-01-25T23:52:41
Deutsche Bank probes sales of investment banking products
Deutsche Bank says it's conducting an internal probe into the alleged mis-selling of investment bank products. The investigation codena...
January 22, 2021 - Biz in 60 from 2021-01-23T14:01:25
Volkswagen reports operating profit of $12.2B in 2020
Volkswagen has defied the pandemic to report an annual operating profit of 12-point-2 billion dollars. That's as a late Chinese-led sales r...
January 21, 2021 - Biz In 60 from 2021-01-22T12:02:37
Norwegian Air gets state backing for restructuring plan
Norwegian Air has won state backing for its restructuring plan to exit bankruptcy protection. The government says it will help to fund a ...
January 20, 2021 - Biz in 60 from 2021-01-20T03:10:38
International Energy Agency cuts outlook for oil demand
The International Energy Agency has cut its global oil demand forecast for the year. That's due to a coronavirus resurgence that's prompt...
January 18, 2021 - Biz in 60 from 2021-01-18T23:57:38
Samsung's Jay Y Lee gets 30 months in prison for bribery
A South Korean court has sentenced Samsung vice chairman Jay Y Lee to two-and- a-half years in jail. The 52-year-old Lee was convicted o...
January 14, 2021 - Biz in 60 from 2021-01-14T21:12:11
US weekly jobless claims hit highest level since August
The number of Americans filing for unemployment benefits last week surged by the most since March, as coronavirus infections continued to...
January 13,2021 - Biz in 60 from 2021-01-13T19:47:02
Turkey's industrial production, retail sales up in November
Turkey's industrial production jumped 11-percent from a year ago in November, marking the sixth consecutive month of growth. That's a...
January 12, 2021 - Biz in 60 from 2021-01-13T19:44:39
WeChat users sue Tencent for alleged chat surveillance
A group of WeChat users in California has sued the messaging app's Chinese owner, Tencent, for allegedly surveilling their communications....
January 11, 2021 - Biz in 60 from 2021-01-11T19:44:08
China issues new rules to shield firms from US sanctions
China has implemented new rules to protect its companies from quote 'unjustified' laws imposed by foreign countries. The new regulations...
January 8, 2021 - Biz in 60 from 2021-01-09T10:29:36
US economy loses 140,000 jobs in December
The recovery in the US jobs market collapsed in December as businesses struggled under renewed curbs amid a coronavirus resurgence. Nonfarm payrolls de...
January 07, 2021 - Biz in 60 from 2021-01-08T08:25:37
US weekly unemployment claims fall slightly to 787,000
The number of Americans filing for unemployment benefits fell for a third straight week but still remained historically high. Another 787-...
January 6, 2021 - Biz in 60 from 2021-01-07T09:55:14
NYSE reverses its reversal, to delist Chinese telecom stocks
The New York Stock Exchange has once again decided to delist China's three state-run telecom companies to comply with a Trump admini...
January 05, 2021 - Biz in 60 from 2021-01-05T20:00:27
NYSE reverses plan to delist Chinese telecom stocks
The New York Stock Exchange has scrapped its plan to de-list China's three state-owned telecommunication companies after further consultation...
December 17, 2020 - Biz in 60 from 2020-12-17T18:35:30
US jobless claims hit highest level in three months
The number of Americans filing for unemployment benefits has hit its highest level since early September. That's as states re-introduce lockd...
December 16, 2020 - Biz in 60 from 2020-12-16T22:07:01
US labels Switzerland, Vietnam as currency manipulators
The Trump administration has labeled Switzerland and Vietnam as currency manipulators. In a statement, the US Treasury Department said th...
December 15, 2020 - Biz in 60 from 2020-12-15T21:25:13
Turkey's budget swings into $1.7B surplus in November
Turkey's budget swung to a surplus in November after being in deficit for two months. The central government posted a monthly budgetary sur...
December 14, 2020 - Biz in 60 from 2020-12-15T11:14:16
Russia denies hacking US Treasury emails
Moscow has denied reports that Russian hackers have been monitoring internal e-mail traffic at the US Treasury Department. A Reuters report also says ha...
December 11, 2020 - Biz in 60 from 2020-12-12T12:26:13
EU leaders agree on budget, COVID-19 recovery package
EU leaders have approved an historic 2.2-trillion- dollar budget and stimulus package. The agreement paves the way for the European Union t...
December 10, 2020 - Biz in 60 from 2020-12-11T00:28:30
UK and Singapore sign post-Brexit free trade agreement
The UK and Singapore have signed a free trade agreement worth around 23-billion- dollars. Under the deal, companies from both countries wi...
December 9, 2020 - Biz in 60 from 2020-12-09T20:26:08
UK to ditch tariffs on US goods in Airbus-Boeing dispute
The UK is dropping EU tariffs against the US over aircraft subsidies, as it looks to seal a post-Brexit trade deal with Washington. Last...
December 8, 2020 - Biz in 60 from 2020-12-08T23:42:47
Japan announces another $708B stimulus package
Japan is boosting its stimulus measures with another 708-billion- dollar package to help businesses affected by the pandemic. This brings the tota...
December 7, 2020 - Biz in 60 from 2020-12-08T00:54:14
China's trade surplus hits record as exports surge 21%
China's exports surged at the fastest pace in almost three years in November, as importers stocked-up for the new year holiday. Shipments ...
December 4, 2020 - Biz in 60 from 2020-12-08T00:46:29
Shares in Turkey's Kervan Gida jump 10% on market debut
Shares in Turkish confectionery producer, Kervan Gida, jumped 10-percent on the first day of trading, valuing the company at 237-million ...
December 3, 2020 - Biz in 60 from 2020-12-04T00:28:13
Ryanair orders 75 additional Boeing 737 MAX planes
Europe's biggest low-cost carrier, Ryanair, has agreed to buy 75 additional Boeing 737 MAX jets with a catalogue value of 9 billion dollars. T...
December 2, 2020 - Biz in 60 from 2020-12-02T22:44:51
Australia exits first recession in almost three decades
Australia has exited its first recession in almost 30 years thanks to a surge in domestic demand. GDP grew by 3-point-3 percent in the th...
December 1, 2020 - Biz in 60 from 2020-12-01T21:03:46
UK department store chain Debenhams set to close all stores
UK department store chain Debenhams says it will start liquidating its business after J-D Sports pulled out of talks over a rescue de...
November 30, 2020 - Biz in 60 from 2020-11-30T19:24:43
UK bans new Huawei 5G kit installation from September
The UK government has announced it's banning the installation of new Huawei 5G equipment from September 2021. It's part of a plan to phase ...
November 27, 2020 - Biz in 60 from 2020-11-27T19:25:07
India slips into recession for first time in history
India has entered a technical recession for the first time in its history, as the coronavirus pandemic hit consumption and business activity...
November 26, 2020 - Biz in 60 from 2020-11-27T15:00:44
Turkey and Qatar ink deal on 10% sale of Borsa Istanbul
Turkey and Qatar have agreed to finalise the sale of a 10-percent stake in Turkey's stock exchange, Borsa Istanbul. The signing ceremony ...
November 25 2020, - Biz in 60 from 2020-11-25T20:33:29
US jobless claims rise for second week as virus cases
The number of Americans filing for unemployment benefits has risen for the second consecutive week, as states re-introduce lockdown measure...
November 24 2020, - Biz in 60 from 2020-11-25T09:01:13
GM to recall 7M vehicles globally over air bag issue
General Motors will recall around 7-million trucks and sport utility vehicles globally to replace potentially dangerous Takata air bag infla...
November 23 2020, - Biz in 60 from 2020-11-23T22:52:13
US reportedly seeks ban on exports to 89 Chinese firms
The Trump administration is reportedly seeking a ban on exports to 89 Chinese companies. According to a draft copy seen by Reuters, the fi...
November 20, 2020 - Biz in 60 from 2020-11-22T18:47:42
UK retail sales rise in October ahead of second lockdown
UK retail sales rose in October for the sixth consecutive month, ahead of November's closure of most non-essential businesses. The volum...
November 19, 2020 - Biz in 60 from 2020-11-19T20:03:08
Nasdaq to buy fraud detection firm Verafin for $2.75B
Exchange operator Nasdaq has agreed to buy anti-financial crime software firm Verafin for 2-point-75 billion dollars. The acquisition will ...
November 18, 2020 - Biz in 60 from 2020-11-18T20:15:04
US Senate blocks Trump's Fed nominee Judy Shelton
The US Senate has blocked the nomination of Judy Shelton to serve on the Federal Reserve's Board of Governors. Shelton was nominated by Preside...
November 17, 2020 - Biz in 60 from 2020-11-18T06:15:01
Walmart posts upbeat Q3 results on buoyant online sales
Walmart has reported better-than-expected third quarter results thanks to a surge in online sales during the coronavirus pandemic. Net pr...
November 16, 2020 - Biz in 60 from 2020-11-16T20:46:45
Moderna shares soar after it says vaccine is 94.5% effective
Shares in Moderna jumped more than 10 percent after the US drug-maker said its COVID-19 vaccine is nearly 95 percent effective. Mode...
November 12, 2020 - Biz in 60 from 2020-11-13T03:23:02
South Africa's jobless rate rises to 17-year high in Q3
South Africa's unemployment rate jumped back to a 17-year high in the third quarter, as more people looked for a job after the easing of ...
November 11, 2020 - Biz in 60 from 2020-11-11T21:14:23
India car sales to dealerships up 14% in October
Car sales to dealerships rose 14-percent in October from a year ago, but the number of people buying vehicles has fallen. The Society of Indian ...
November 9, 2020 - Biz in 60 from 2020-11-09T21:42:35
SoftBank's first-half net profit jumps 347% to $18 billion
Softbank has reported a more than three-fold increase in first-half net profit to 18 billion dollars. The surge is mainly due to net g...
November 6, 2020 - Biz in 60 from 2020-11-06T23:58:03
Ride-hailing firm Uber posts $1.1B loss in third quarter
Uber has reported a net loss of 1-point-1 billion dollars in the third quarter, as the pandemic continues to impact travel and commuting...
November 5, 2020 - Biz in 60 from 2020-11-05T19:57:13
GM posts 74% jump in Q3 net profit to $4.05B
General Motors has reported stronger-than- expected third quarter results, sending its shares up as much as 7-percent. Net profit at the US carmaker...
November 4, 2020 - Biz in 60 from 2020-11-04T19:37
Uber, Lyft stocks soar after ballot victory in California
Shares in Uber and Lyft jumped more than 10-percent after the ride-hailing firms won a key vote to keep their drivers as independent co...
November 3, 2020 - Biz in 60 from 2020-11-02T23:10:49
Low-cost carrier Ryanair posts first summer loss in decades
Ryanair has reported a loss for its key summer period for the first time in 30 years as the pandemic hit air travel demand. The low-c...
October 30, 2020 - Biz in 60 from 2020-10-30T18:07:13
US tech titans report upbeat quarterly results
US tech giants Amazon, Apple, Alphabet and Facebook have all reported forecast-beating quarterly results. That's as the coronavirus pandemic boost...
October 29, 2020 - Biz in 60 from 2020-10-29T19:20:37
Tiffany's board approves sale to LVMH at lower price
The French luxury goods giant, LVMH, will pay slightly less to buy the US jeweller Tiffany & Co after the two firms agreed to salvage the lu...
October 28, 2020 - Biz in 60 from 2020-10-28T19:49:09
Boeing to make deeper job cuts as its sales slump
Boeing is deepening job cuts as the pandemic and the grounding of its 737 MAX jet continued to weigh on its finances. The US plane-maker says i...
October 27 , 2020 - Biz in 60 from 2020-10-28T07:43:46
Ant Group to raise $34.5B in world's biggest IPO
The Chinese financial technology company, Ant Group, has set the price for its shares.. ahead of what's expected to be the biggest initial publi...
October 26 , 2020 - Biz in 60 from 2020-10-27T19:47:18
US chipmaker AMD to buy rival Xilinx for $35B
US semiconductor designer, Advanced Micro Devices, has agreed to buy rival, Xilinx, in an all-stock deal valued at 35-billion- dollars. The acquisi...
October 23 , 2020 Biz in 60 from 2020-10-26T11:21:02
UK retail sales rise for fifth straight month in September
UK retail sales rose in September for the fifth consecutive month, with figures for most sectors now at pre-pandemic levels. The volum...
October 22, 2020 Biz in 60 from 2020-10-26T11:18:20
US weekly jobless claims fall to lowest level since March
New US jobless claims fell to the lowest level since March last week in a sign of an improving labour market ahead of November's presid...
October 21, 2020 - Biz in 60 from 2020-10-26T11:15:40
Cathay Pacific cuts 8,500 jobs and closes regional airline
Cathay Pacific is slashing 8-and- a-half thousand jobs globally as it grapples with a plunge in demand as a result of the pandemic. Th...
October 20, 2020-Biz in 60 from 2020-10-21T00:33:37
Intel sells NAND memory unit to SK Hynix for $9B
US chipmaker Intel has agreed to sell its NAND memory chip business to SK Hynix for 9-billion- dollars. The deal will make the South Korean comp...
October 19, 2020 - Biz in 60 from 2020-10-19T23:10:24
Eurozone's budget deficits to widen tenfold this year
The eurozone's budget deficit will rise tenfold from last year's levels as governments spend heavily to mitigate the impact of the pandemic...
October 16, 2020 - Biz in 60 from 2020-10-17T19:38:42
Boeing 737 Max declared safe to fly again
Europe's aviation regulator has declared Boeing's 737 MAX safe to fly, saying it could return to the region's skies before the end of 2020. The Europea...
October 14, 2020 - Biz in 60 from 2020-10-14T22:05:38
China's stock market value hits record $10T
Chinese stock valuations have climbed to a record high as the world's second largest economy recovers from the COVID-19 pandemic. The combined value ...
October 13, 2020 - Biz in 60 from 2020-10-14T21:44:48
Turkey's industrial production rises 10.4% in August
Turkey's industrial production rose 10-point-four percent from a year ago in August, marking its strongest performance in more than two year...
October 12, 2020 - Biz in 60 from 2020-10-12T20:09:31
American duo wins economics Nobel for work on auction theory
The Nobel Prize in Economics has been awarded to two Stanford University academics for their contributions to auction theory and the...
October 8, 2020 - Biz in 60 from 2020-10-08T21:13:43
UK lawmakers say Huawei colludes with Chinese government
The UK parliament's defence committee says it's found clear evidence of collusion between Huawei and the Chinese government. Lawmakers s...
October 7, 2020 Biz in 60 from 2020-10-07T22:55:28
Billionaires' wealth at record high of $10.2T
Billionaires are richer than ever before despite the COVID-19 pandemic. A report by UBS and PwC found the fortunes of the world's wealthiest rose b...
October 6, 2020 - Biz in 60 from 2020-10-06T21:45:58
Anti-virus software creator McAfee arrested for tax evasion
Anti-virus software entrepreneur John McAfee has been arrested in Spain over tax evasion charges in the US. McAfee was accused of fai...
October 5, 2020 Biz in 60 from 2020-10-05T23:15:32
Turkey's inflation eases marginally to 11.75% in September
Turkey's annual inflation edged down slightly in September as slowing price gains in housing and apparels offset the impact of a weake...
October 2, 2020 - Biz in 60 from 2020-10-02T19:11:47
US economy adds 661,000 jobs in September
US jobs growth slowed more than expected in September amid a resurgence of coronavirus infections. Employers added 661,000 non-farm payrolls last month...
October 1, 2020 - Biz in 60 from 2020-10-01T18:08:13
Tokyo Stock Exchange suffers worst outage ever
Tokyo's stock exchange has suffered its worst-ever outage after a backup system failed to kick-in following a hardware malfunction. Trading of mor...
September 30, 2020 - Biz in 60 from 2020-09-30T20:50:43
GardaWorld makes $3.8B hostile takeover bid for G4S
Canadian security group, GardaWorld, has made a formal 3-point-8 billion dollar hostile takeover bid for its bigger UK rival, G4S. GardaWorld...
September 29, 2020-Biz in 60 from 2020-09-29T21:07:48
South Africa's unemployment rate falls to 23.3% in Q2
South Africa's unemployment rate fell to the lowest in 11 years in the second quarter despite the loss of 2.2 million jobs. The jobless rat...
September 28, 2020-Biz in 60 from 2020-09-28T20:03:58
US judge temporarily halts Trump's TikTok ban
A US federal court has temporarily suspended a Trump administration order that would've banned TikTok from being downloaded from US app stores. But...
September 25, 2020 Biz in 60 from 2020-09-25T19:14:01
UK budget deficit set to surpass $500B this fiscal year
The UK's budget deficit is on track to exceed half-a-trillion dollars in the current fiscal year. The government borrowed 222 billion dol...
September 24, 2020 Biz in 60 from 2020-09-24T19:50:46
US weekly jobless claims rise slightly to 870,000
Another 870-thousand Americans filed for unemployment benefits last week, marking a slight increase from the previous reading. The US Labor Dep...
September 23, 2020 Biz in 60 from 2020-09-23T20:44:02
Germany approves 2021 budget with massive borrowing
The German cabinet has approved a budget for 2021 that further suspends a law that prohibits taking on new debt. Europe's biggest economy is ...
September 22, 2020-Biz in 60 from 2020-09-22T19:15:37
China jails property tycoon Ren Zhiqiang for 18 years
A Chinese court has sentenced former real estate tycoon Ren Zhiqiang to 18 years in prison on charges of corruption. Ren, who has been a vo...
September 21, 2020-Biz in 60 from 2020-09-21T20:55:05
Nikola founder Trevor Milton steps down as chairperson
The founder of US electric truck start-up, Nikola, has stepped down as executive chairperson. Trevor Milton's resignation comes after shor...
September 18, 2020-Biz in 60 from 2020-09-18T21:10:09
UK retail sales rise for fourth straight month in August
UK retail sales rose in August for the fourth consecutive month, following the reopening of non-essential businesses. The volume of over...
September 17, 2020-Biz in 60 from 2020-09-17T20:59:33
US weekly jobless claims fall slightly to 860,000
Another 860-thousand Americans filed for unemployment benefits last week, marking a slight decrease from the previous reading. The latest figur...
September 16, 2020 Biz in 60 from 2020-09-16T18:56:13
India's trade deficit widens to five-month high in August
India's trade deficit widened to a five-month high of 6-point-8 billion dollars in August. Exports shrank by 13-percent from a year ago...
September 15, 2020 Biz in 60 from 2020-09-15T21:24:01
WTO rules against US tariffs on Chinese goods
The World Trade Organization has ruled that the Trump administration's tariffs on 200-billion- dollars' worth of Chinese goods are illegal. The pen...
September 14, 2020 Biz in 60 from 2020-09-14T21:01:59
Nvidia to buy chip designer Arm from SoftBank for $40B
US chipmaker, Nvidia, has agreed to buy the British chip designer, Arm Holdings, from SoftBank in a deal worth up to 40-billion- dollars. ...
September 11, 2020 Biz in 60 from 2020-09-11T20:29:24
UK signs first post-Brexit trade deal with Japan
The UK has secured its first post-Brexit trade deal, following an agreement with Japan. The deal will boost trade between the countries by over ...
September 10,2020 Biz in 60 from 2020-09-10T21:31:25
Jane Fraser to be first woman to lead major US bank
Jane Fraser has become the first-ever woman to head a major Wall Street bank after Citigroup's board appointed her as the investment bank's C...
September 9, 2020 Biz in 60 from 2020-09-09T20:06:07
LVMH pulls out of $16.2B Tiffany deal citing US tariffs
French luxury goods giant LVMH is scrapping its planned 16-point-2 billion dollar takeover of US jeweler Tiffany. The largest-ever deal i...
September 8,2020 Biz in 60 from 2020-09-08T19:32:30
German exports up 4.7% in July as trade with China rebounds
German exports rose for the third consecutive month in July, but still remain far below their pre-coronavirus levels. Shipments abroa...
September 7,2020 Biz in 60 from 2020-09-07T20:36:38
Softbank shares plunge on reports it drove up US tech stocks
Shares in Softbank fell as much as eight percent amid a massive tech sell-off on Wall Street. Investors wiped nearly nine billion do...
September 4, 2020 - Biz in 60 from 2020-09-04T15:16:17
German industrial orders rise 2.8% in July
German factory orders rose by 2-point-8 percent from the previous month in July, failing to meet analysts' expectations. The weak data suggests the re...
September 3, 2020 - Biz in 60 from 2020-09-03T19:11:13
US weekly jobless claims falls to 881,000
The number of Americans filing for unemployment benefits has dropped below the key 1-million mark for the second time during the pandemic. Another 881-...
September 2, 2020 - Biz in 60 from 2020-09-02T21:18:11
Swiss regulator escalates investigation into Credit Suisse
Switzerland's financial watchdog has ramped-up its probe into Credit Suisse over the spying scandal that prompted chief executive Tidj...
September 1, 2020 - Biz in 60 from 2020-09-01T19:21:18
Tesla, Apple shares jump as stock splits take effect
Shares in Tesla have rallied 10-percent while Apple has jumped over 4-percent on the first day of their stock splits. The electric carmaker ...
August 31, 2020- Biz in 60 from 2020-08-31T19:33:59
New Chinese rules threaten sale of TikTok's US operations
TikTok's Chinese parent company, ByteDance, will now need to get approval from Beijing in order to sell its US operations to comply wit...
August 28, 2020- Biz in 60 from 2020-08-28T15:45:29
Softbank to sell $14B in Japan telecoms unit
Softbank says it will sell around a third of its stake in its Japanese telecoms unit for around 14-billion dollars. It's part of the conglomerate's ...
August 27, 2020- Biz in 60 from 2020-08-28T15:08:57
Walmart partners with Microsoft on TikTok deal
Walmart has announced it's teaming-up with Microsoft to in a bid to buy video-sharing app, TikTok. The surprise move comes after TikTok's chief ex...
August 26, 2020- Biz in 60 from 2020-08-26T19:42:20
Lebanon's inflation rate surges to 112% in July
Lebanon's inflation skyrocketed in July as a sharp drop in its currency continued to fuel import prices. Consumer prices rose an annual 112-perce...
August 25, 2020- Biz in 60 from 2020-08-25T18:28:49
India reportedly removes Huawei equipment from networks
India is reportedly removing Huawei equipment from its mobile networks. This comes amid rising tensions between New Delhi and Beijing ove...
August 24, 2020- Biz in 60 from 2020-08-24T17:36:51
Nigeria's economy shrinks 6.1% in second quarter
Nigeria's economy has contracted for the first time in three years due to lower oil prices and coronavirus lockdowns. Gross domestic product shr...
August 20 , 2020 - Biz in 60 from 2020-08-20T19:15:36
Former Trump adviser Steve Bannon arrested on fraud charges
US President Donald Trump's former senior advisor, Steve Bannon, has been arrested and charged with fraud. Prosecutors allege Bannon ...
August 19 , 2020 - Biz in 60 from 2020-08-19T19:08:51
Japan's exports fall 19.2% as coronavirus hits car sales
Japanese exports fell in July as the pandemic continued to hit global car sales. Total exports declined 19-point-2 percent from a year a...
August 18 , 2020 - Biz in 60 from 2020-08-18T21:19:32
US states seek $2.2T in damages from Purdue Pharma
US states are seeking 2-point-2 trillion dollars from opioid maker, Purdue Pharma, as part of its bankruptcy restructuring plan. In court fili...
August 17, 2020 -Biz in 60 from 2020-08-17T21:12:44
Turkey's residential property sales hit record high in July
Turkey's property sales more than doubled in July to reach a record high of nearly 230-thousand units. That follows a 210-percent jum...
August 14, 2020 -Biz in 60 from 2020-08-14T18:13:07
Turkey's current account balance shows $2.9B deficit
Turkey's imports exceeded exports for a seventh consecutive month as the coronavirus pandemic bears down on overseas orders. The June defici...
August 12, 2020 -Biz in 60 from 2020-08-12T19:48:50
US consumer prices rise more than expected in July
US inflation increased more than expected in July, driven by rising car and apparel costs. The consumer price index picked-up 0-point-6 percen...
August 11 , 2020 - Biz in 60 from 2020-08-11T21:14:17
China car sales rise for fourth straight month in July
Car sales in China rose for a fourth straight month in July as the world's biggest auto market recovers from the lows it hit during corona...
August 10, 2020 - Biz in 60 from 2020-08-10T20:25:46
Turkcell signs $590M loan deal with China Development Bank
Turkey's leading mobile phone operator, Turkcell, has signed a 590-million- dollar long-term loan deal with China Development Bank. Th...
August 07, 2020 - Biz in 60 from 2020-08-07T18:02:52
China's exports rise sharply in July, imports fall slightly
Chinese exports rose sharply in July as global demand continued recovering as lockdowns were lifted. Shipments abroad increased by 7-...
August 06, 2020 - Biz in 60 from 2020-08-06T20:28:15
Toyota reports surprise profit despite sales plunge
Toyota has reported a surprise quarterly profit of 131-million- dollars, despite a global auto sales slump due to the pandemic. That marks a ...
August 05, 2020 - Biz in 60 from 2020-08-05T20:29:45
US seeks $18.1B from opioid-maker Purdue Pharma
The US Justice Department is seeking as much as 18-point-1 billion dollars from opioid maker, Purdue Pharma, as part of its bankruptcy restructur...
August 04, 2020 - Biz in 60 from 2020-08-04T19:27:26
Turkey's annual inflation falls to 11.76% in July
Turkey's inflation slowed more than expected in July following two consecutive months of increases, thanks to falling food and clothing prices....
August 3 , 2020 - Biz in 60 from 2020-08-03T19:06:27
7-Eleven owner to buy US petrol station chain for $21B
The owner of the Japanese retail giant, 7-Eleven, is buying the US petrol station chain, Speedway, for 21-billion- dollars. The deal will ...