Business in 60 Seconds
550 episodes - English - Latest episode: about 3 years ago - ★★★★★ - 2 ratingsBusiness and financial news of the day from around the world in 60 seconds from TRT World.
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April 23, 2021 Biz in 60
April 23, 2021 23:07 - 1 minute - 58.7 MBTurkey 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 of the country's biggest cryptocurrency exchanges, Thodex. Faruk Fatih Ozer, who's said to have fled to Albania, abruptly stopped payments to its 390-thousand active users. Turkish police have detained 62 people in eight cities including Istanbul, where Thodex is based, while 16 others remain at large. ...
April 22, 2021 Biz in 60
April 23, 2021 22:53 - 1 minute - 54.6 MBTurkey opens probe into cryptocurrency platform Thodex Turkish prosecutors have launched an investigation into Turkish cryptocurrency exchange platform, Thodex. That's after the exchange abruptly shut down while holding at least 2-billion dollars, leaving thousands of users unable to access their digital assets. A preliminary assessment by police suggests Thodex's founder Faruk Fatih Ozer had flown out of the country on Tuesday. US weekly jobless claims fall to lowest level of COVID-19 US jo...
April 21, 2021 Biz in 60
April 23, 2021 22:51 - 1 minute - 54.6 MBUAE 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 oil-rich Gulf nation has added nearly 17-billion dollars' worth of US debt since January, raising its holdings to 50-point-6 billion dollars. The monthly haul was the biggest ever for the UAE. Australia scraps Victoria's Belt and Road deals with China Australia has scrapped agreements that the state of V...
April 20, 2021 Biz in 60
April 21, 2021 21:55 - 1 minute - 56.4 MBUK'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 rate averaged 4-point-9 percent, edging down from 5-percent in the prior quarter. The Office for National Statistics linked the fall to a large number of people leaving the jobs market altogether. Johnson & Johnson reports 7% rise in Q1 net profit to $6.2B Johnson and Johnson has reported a 7-percent r...
April 19, 2021 Biz in 60
April 21, 2021 21:52 - 1 minute - 53.2 MBConsumers 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. That's as household incomes receive support from unprecedented government stimulus schemes designed to counter the economic downturn. The ratings agency expects a strong rebound in spending as more businesses reopen. GameStop chief executive George Sherman to step down US video-game retailer, GameSt...
April 13, 2021 Biz in 60
April 13, 2021 21:48 - 1 minute - 56.9 MBSingapore'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 Growth. The largest ever SPAC merger will value Singapore- based Grab at nearly 40-billion dollars. The deal underscores the frenzy on Wall Street involving so-called blank cheque companies that have raised around 99-billion dollars in the US so far this year. Ant Group to restructure as financial holdi...
April 12, 2021 Biz in 60
April 12, 2021 22:28 - 1 minute - 60.8 MBMicrosoft 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 deal marks the US software giant's largest acquisition since it bought LinkedIn for more than 26 billion dollars in 2016. Microsoft and Nuance partnered in 2019 to roll out AI systems that help doctors with administrative tasks. Alibaba shares jump after $2.75B anti-monopoly fine Shares in Alibaba have j...
April 7, 2021 Biz in 60
April 09, 2021 07:34 - 1 minute - 55.7 MBPrivate 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 series of scandals. Luxembourg-based CVC is one of several private equity firms to submit a bid, and is reportedly planning to take Toshiba off the Tokyo Stock Exchange. Toshiba's shares surged 18-percent on the news. Samsung Q1 profit up 44% on early release of smartphone Samsung Electronics says fi...
April 6, 2021 Biz in 60
April 09, 2021 07:31 - 1 minute - 56.3 MBCryptocurrency 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 bitcoin and some other tokens. Bitcoin has surged by more than 100 percent this year with a growing number of financial institutions adding it to their portfolios. The world's most popular digital coin now represents over half of the market's total value. Credit Suisse removes two execs after $4.7B Ar...
April 5, 2021 Biz in 60
April 09, 2021 07:28 - 1 minute - 59.9 MBUS 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 Google engaged in legitimate "fair use" when it used Oracle's Java programming language for the Android mobile operating system. Oracle had claimed at points to be owed as much as 9 billion dollars. GameStop shares slide after plan to sell $1B in stock GameStop is planning to raise up to 1 billion dollar...
April 1, 2021 Biz in 60
April 01, 2021 19:35 - 1 minute - 57.5 MBUS 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 people filed for unemployment benefits, down from 781-thousand in the week prior. Claims are now at the lowest level since mid-March last year, when the coronavirus pandemic began. Mastercard faces $19B class action lawsuit in UK US credit card giant Mastercard is facing a historic 19-billion dollar cla...
March 31, 2021 Biz in 60
March 30, 2021 21:39 - 1 minute - 56.6 MBTurkey 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. Riyadh has been ramping up pressure on Ankara after a Turkish court began hearing a case against Saudis accused of murdering journalist Jamal Khashoggi. A decision against the kingdom would force it to compensate Turkish businesses for the lost revenues. Growth in South African labour costs slows to 3.9% ...
March 29, 2021 Biz in 60
March 29, 2021 21:34 - 1 minute - 61.3 MBJ&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 year. The US drugmaker says the delivery of the jabs to the 55 AU members will begin in the third quarter of 2021. A further 180-million doses could then be delivered next year. Vietnam's economy grows 4.48% in the first quarter Vietnam's gross domestic product grew nearly 4-and- a-half percent in the fi...
March 24, 2021 Biz in 60
March 25, 2021 10:20 - 1 minute - 59.6 MBPfizer 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 an infection to prevent the virus from replicating in cells before patients get very sick. The drugmaker says there haven't been any unexpected problems in the study so far, and that it could generate results within weeks. Intel to invest $20B to build two semiconductor plants in US US chipmaker, Intel,...
March 23, 2021 Biz in 60
March 25, 2021 10:15 - 1 minute - 54.9 MBUK 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 the Office for National Statistics show the number of workers on company payrolls climbed by almost 200-thousand in the three months to February. But the ONS says people aged under 25 continue to bear the brunt of job losses during the crisis. Microsoft reportedly in talks to buy Discord for $10B Micros...
March 22, 2021 Biz in 60
March 25, 2021 10:07 - 1 minute - 57 MBCEO 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. Black's departure comes amid scrutiny over his ties to disgraced financier Jeffrey Epstein, who killed himself while facing federal sex trafficking charges. Apollo co-founder Marc Rowan has taken over as CEO Canadian Pacific to buy Kansas City Southern for $25B Railway group, Canadian Pacific, has agreed ...
March 18, 2021 Biz in 60
March 19, 2021 07:24 - 1 minute - 56.8 MBNew 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 by 1 percent in the final three months of 2020, following nearly 14 percent growth in the third quarter. Economists expect the economy to shrink further in the current quarter, which would put the Pacific nation in a technical recession. Credit Suisse suspends bonuses over Greensill collapse Credit Sui...
March 17, 2021 Biz in 60
March 19, 2021 07:21 - 1 minute - 55.5 MBFour 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 territories. The lawsuit accuses the internet giant of breaking antitrust laws to boost its already dominant advertising business. Filed in December, the complaint is one of three ongoing antitrust cases against the search giant. Greensill family reportedly cashed out before collapse Australian businessman Lex G...
March 16, 2021 Biz in 60
March 19, 2021 07:18 - 1 minute - 58.8 MBSackler 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 their powerful painkiller, OxyContin. Purdue is accused of fueling America's deadly opioid epidemic through the deceptive marketing of the drug. A group of around half of all US states has rejected a previous settlement offer of 3-billion dollars. Encrypted messaging app Signal blocked in China The enc...
March 15, 2021 Biz in 60
March 15, 2021 22:35 - 1 minute - 54.6 MBChina'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 pandemic. Official figures show industrial production jumped 35-percent from a year ago, marking its biggest bounce in decades. Meanwhile, retail sales also rose nearly 34-percent in January and February, beating analysts' expectations. Stripe valuation soars to $95B after latest funding round Online p...
March 9, 2021 Biz in 60
March 10, 2021 07:10 - 1 minute - 56 MBOECD 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 rollout of COVID-19 vaccines. The OECD now predicts a 5.6-percent expansion, led by a recovery in the US, China and India. It has also increased its growth forecast for the Turkish economy by 3-percentage points to 5.9-percent this year. Zoom founder transfers stock worth more than $6B Zoom founder Er...
March 8, 2021 biz in 60
March 10, 2021 07:04 - 1 minute - 57.9 MBMicrosoft 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 least 60-thousand accounts. Most of the victims are small and medium sized businesses but some government institutions have also been affected. This is the eighth time the software giant has been targeted by hackers from the mainland in the past 12 months. Oil prices jump after attack on Saudi energy f...
March 4, 2021 Biz in 60
March 04, 2021 18:18 - 1 minute - 57 MBUS 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. The tariffs on a range of products including Scotch whisky, biscuits and clotted cream will be halted for a period of four months. The UK had earlier dropped its tariffs on some US goods, as it looks to seal a post-Brexit trade deal with Washington. Lufthansa reports record loss of $8.1B in 2020 Lufthan...
March 3, 2021 Biz in 60
March 03, 2021 21:19 - 1 minute - 55.7 MBTurkey'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 equipment jumped the most, with prices rising 23-and- a-half percent year-on-year, followed by transportation, which rose 22-percent. In January, annual inflation stood at just under 15-percent. Rio Tinto chairman resigns after cave blast disaster Rio Tinto chairman Simon Thompson is stepping down over the d...
March 2, 2021 Biz in 60
March 03, 2021 11:03 - 1 minute - 59.1 MBTwo 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 country. The father-and-son duo had been fighting to stop extradition proceedings in the US since their arrest last May. In 2019, Ghosn escaped from Japan to Lebanon in a box, while he was awaiting trial on financial misconduct charges. South Korea proposes extra $13.4B fund for small businesses South K...
March 1, 2021 Biz In 60
March 03, 2021 09:41 - 1 minute - 59.3 MBFrance'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 charges. The 66-year-old who led France from 2007 to 2012 was found guilty of trying to bribe a judge for information on an inquiry into his 2007 campaign. Sarkozy faces a seperate trial later this month over the alleged illegal financing of his 2012 presidential campaign. China's manufacturing activity dr...
February 25, 2021 Biz in 60
February 26, 2021 14:14 - 1 minute - 56.4 MBUS 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-thousand people lodged jobless claims last week, compared with 841-thousand in the week prior. But the number is still well above the 665-thousand peak recorded during global financial crisis more than a decade ago. Qantas shares rise despite $820M loss in first half Qantas Airways swung to an 820 million dol...
February 24, biz in 60
February 24, 2021 20:02 - 1 minute - 56.4 MBTop 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 week. The chairperson of the Electric Reliability Council of Texas and four other board directors have resigned with immediate effect. State lawmakers are scheduled to hold hearings on the crisis on Thursday. GameStop CFO quits after stock trading frenzy GameStop's chief financial officer Jim Bell has r...
February 23, 2021 - Biz in 60
February 23, 2021 18:00 - 1 minute - 55.9 MBUK 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 measures. The Office for National Statistics says the jobless rate rose to 5-point-1 percent in the final three months of 2020. The Bank of England expects the rate to peak at 7-point-8 percent in the third quarter of this year HSBC further shifts focus to Asia as annual profits plunge HSBC has unveiled a fu...
February 23, Biz in 60
February 23, 2021 18:00 - 1 minute - 55.9 MBUK 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 measures. The Office for National Statistics says the jobless rate rose to 5-point-1 percent in the final three months of 2020. The Bank of England expects the rate to peak at 7-point-8 percent in the third quarter of this year HSBC further shifts focus to Asia as annual profits plunge HSBC has unveiled a fu...
February 22, 2021 Biz in 60
February 22, 2021 19:09 - 1 minute - 54.7 MBIndian 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 conglomerate, Reliance Industries. The injunction follows claims that Future Group's sale violates a contract with the online retail giant, Amazon. The freeze could shutter hundreds of outlets and jeopardise up to 25-thousand jobs. Global dividend payments fall $220B in 2020 The pandemic saw companies slash thei...
February 22, 2021 - Biz in 60
February 22, 2021 19:09 - 1 minute - 54.7 MBIndian 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 conglomerate, Reliance Industries. The injunction follows claims that Future Group's sale violates a contract with the online retail giant, Amazon. The freeze could shutter hundreds of outlets and jeopardise up to 25-thousand jobs. Global dividend payments fall $220B in 2020 The pandemic saw companies slash thei...
February 18, 2021 Biz- in 60
February 18, 2021 21:01 - 1 minute - 56.8 MBTurkey'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 governor Naci Agbal, the bank has hiked its repo rate by 675 basis points since November in an attempt to reduce inflation. Tighter monetary policy has helped to boost the Turkish lira. Walmart reports strong sales in Q4 thanks to govt stimulus Walmart has reported strong fourth quarter sales thanks t...
February 18, 2021 - Biz- in 60
February 18, 2021 21:01 - 1 minute - 56.8 MBTurkey'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 governor Naci Agbal, the bank has hiked its repo rate by 675 basis points since November in an attempt to reduce inflation. Tighter monetary policy has helped to boost the Turkish lira. Walmart reports strong sales in Q4 thanks to govt stimulus Walmart has reported strong fourth quarter sales thanks t...
February 18, 2021 - Biz in 60
February 18, 2021 21:01 - 1 minute - 56.8 MBTurkey'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 governor Naci Agbal, the bank has hiked its repo rate by 675 basis points since November in an attempt to reduce inflation. Tighter monetary policy has helped to boost the Turkish lira. Walmart reports strong sales in Q4 thanks to govt stimulus Walmart has reported strong fourth quarter sales thanks t...
February 17, 2021 Biz in 60
February 17, 2021 19:50 - 1 minute - 56.4 MBRio 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 Anglo-Australian miner will pay a final dividend of 6-and- a-half billion dollars to shareholders, taking its total payout for the year to 9-billion dollars. Net profit jumped 22-percent last year to 9-point-8 billion dollars. EU court rejects Ryanair challenge against airline aid Ryanair has lost its...
February 17, 2021 - Biz in 60
February 17, 2021 19:50 - 1 minute - 56.4 MBRio 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 Anglo-Australian miner will pay a final dividend of 6-and- a-half billion dollars to shareholders, taking its total payout for the year to 9-billion dollars. Net profit jumped 22-percent last year to 9-point-8 billion dollars. EU court rejects Ryanair challenge against airline aid Ryanair has lost its...
February 16, 2021 Biz in 60
February 16, 2021 18:42 - 1 minute - 68.7 MBBitcoin 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 digital token climbed as much as 4 -percent to hit 50,400 dollars on Tuesday, before retreating to 49,500. Bitcoin was up around 25 percent last week, driven by endorsements from Tesla and the investment bank, BNY Mellon Singapore unveils $8.3B pandemic relief package Singapore has announced further suppo...
February 16, 2021 - Biz in 60
February 16, 2021 18:42 - 1 minute - 68.7 MBBitcoin 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 digital token climbed as much as 4 -percent to hit 50,400 dollars on Tuesday, before retreating to 49,500. Bitcoin was up around 25 percent last week, driven by endorsements from Tesla and the investment bank, BNY Mellon Singapore unveils $8.3B pandemic relief package Singapore has announced further suppo...
February 15, 2021 - Biz in 60
February 15, 2021 19:04 - 1 minute - 56.4 MBJapan 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 from October through December.. following a record 22.9-percent expansion in the prior quarter. But for the full year, the world's third largest economy shrank 4.8-percent, the first annual contraction since the 2009 financial crisis. Bitcoin retreats from high of $50,000 due to profit-taking Bitcoin has...
February 15, 2021 Biz in 60
February 15, 2021 19:04 - 1 minute - 56.4 MBJapan 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 from October through December.. following a record 22.9-percent expansion in the prior quarter. But for the full year, the world's third largest economy shrank 4.8-percent, the first annual contraction since the 2009 financial crisis. Bitcoin retreats from high of $50,000 due to profit-taking Bitcoin has...
February 11, 2021 Biz in 60
February 11, 2021 21:00 - 1 minute - 55.6 MBUS 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 793,000 people lodged jobless claims last week, down 19,000 from the week before. But the number is still above the 665,000 peak recorded during the recession. Malaysia's economy shrinks 5.6% in 2020 Malaysia's economy shrank at a faster-than-expected rate in the fourth quarter, as a fresh wave of COVI...
February 11, 2021 - Biz in 60
February 11, 2021 21:00 - 1 minute - 55.6 MBUS 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 793,000 people lodged jobless claims last week, down 19,000 from the week before. But the number is still above the 665,000 peak recorded during the recession. Malaysia's economy shrinks 5.6% in 2020 Malaysia's economy shrank at a faster-than-expected rate in the fourth quarter, as a fresh wave of COVI...
February 9, 2021 - Biz in 60
February 09, 2021 18:54 - 1 minute - 55.2 MBReddit'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 came after the social media platform gained attention for its role in the recent Wall Street trading mania. The company also said, it's planning to double the number of its employees this year. Total reports 66% plunge in full-year profit to $4.06B Total has reported a sharp fall in full-year earnings ...
February 9, 2021 Biz in 60
February 09, 2021 18:54 - 1 minute - 55.2 MBReddit'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 came after the social media platform gained attention for its role in the recent Wall Street trading mania. The company also said, it's planning to double the number of its employees this year. Total reports 66% plunge in full-year profit to $4.06B Total has reported a sharp fall in full-year earnings ...
February 8, 2021 - Biz in 60
February 08, 2021 18:03 - 1 minute - 56.8 MBElon 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 investments. In a regulatory filing, the electric carmaker also said it will start accepting the cryptocurrency as a form of payment for its products. The news sent bitcoin rallying to a new record high of 44-thousand dollars. SoftBank sees WeWork recovery, Q3 net profit soars to $11B Softbank net profit so...
February 8, 2021 Biz in 60
February 08, 2021 18:03 - 1 minute - 56.8 MBElon 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 investments. In a regulatory filing, the electric carmaker also said it will start accepting the cryptocurrency as a form of payment for its products. The news sent bitcoin rallying to a new record high of 44-thousand dollars. SoftBank sees WeWork recovery, Q3 net profit soars to $11B Softbank net profit so...
February 5, 2021 - Biz in 60
February 06, 2021 15:22 - 1 minute - 57.2 MBUS 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-thousand in January, following a decline of 140-thousand in December. The unemployment rate also fell to 6-point-3 percent, but it's still well above the 3-and- a-half percent rate from a year ago. Nigeria's Okonjo-Iweala close to leading WTO Nigeria's former finance minister Ngozi Okonjo-Iweala is set ...
February 5, 2021 Biz in 60
February 06, 2021 15:22 - 1 minute - 57.2 MBUS 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-thousand in January, following a decline of 140-thousand in December. The unemployment rate also fell to 6-point-3 percent, but it's still well above the 3-and- a-half percent rate from a year ago. Nigeria's Okonjo-Iweala close to leading WTO Nigeria's former finance minister Ngozi Okonjo-Iweala is set ...
February 4, 2021 Biz in 60
February 06, 2021 15:14 - 1 minute - 61.4 MBUK, 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. Regulators will consider whether Arm has an incentive to withdraw or reduce the quality of its services to Nvidia's rivals. The deal was part of Softbank's strategy to shift towards becoming a global investment and asset management powerhouse. Report: McKinsey agrees to pay $573M to settle opioid claims M...