August 14, 2020 -Biz in 60 - a podcast by TRT World

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 deficit came in at 2-point-9 billion- dollars, fueled by purchases of energy and gold. Meanwhile, industrial production jumped nearly 18 percent from the previous month, driven by improvements in all manufacturing sectors.


Hong Kong's economy contracts 9% in second quarter
Hong Kong's economy shrank for the fourth straight quarter as the coronavirus pandemic and anti-Beijing protests continue to hurt businesses. Gross domestic product dropped nine percent from a year ago in the second quarter, following a similar contraction over the previous three months. The government's also revised its full-year GDP forecast to a contraction of 6 to 8 percent.


Amazon launches online pharmacy in India
Amazon has launched an online pharmacy in India as part of its $1 billion plan to expansion plan for the country. Amazon Pharmacy will offer both over-the-counter and prescription-based drugs as well as basic healthcare devices. In May, the US e-commerce giant also launched its food delivery business Amazon Food in the South Asian country.

Further episodes of Business in 60 Seconds

Further podcasts by TRT World

Website of TRT World