January 28, 2021 - Biz in 60 - a podcast by TRT World
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. GDP contracted by 1.1-percent in the third quarter, after sliding five-and- a-half percent in the prior period. The country's education, tourism and food businesses are among the worst affected.
Samsung phone sales drop 11% in Q4 as rival Apple gains
Samsung's fourth quarter revenues climbed 2.8-percent compared to last year, on strong demand for home appliances. But mobile phone sales fell 11-percent, as rival Apple's new line-up of smartphones pulled customers away from the South Korean tech giant. The company expects the rollout of its new Galaxy smart devices to prop-up sales in this quarter.
Toyota overtakes VW as world's highest-selling auto brand
Toyota sold 9-and- a-half-million vehicles in 2020 to become the world's highest selling automotive brand. It's reclaimed the title from Volkswagen after five years. The Japanese automaker enjoyed strong demand, including a 10-percent jump in sales in China, bucking the declining trend in global auto sales.
Further episodes of Business in 60 Seconds
Further podcasts by TRT World
Website of TRT World