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United States

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@trtworld

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Episodes

August 16th, 2018 - Biz in 60

8/16/2018
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Walmart shares surge on strong Q2 sales growth Shares in Walmart jumped nearly 10 percent after reporting better than expected second quarter results. Comparable sales at Walmart stores in the US rose 4-and-a-half percent in the three months ended in July, making it the strongest growth in more than a decade. Online sales also climbed 40 percent during that period, helping the retailer to raise its full year outlook. SEC probes Tesla after CEO Musk's tweets The US Securities and Exchange...

Duration:00:01:09

August 15th, 2018 - Biz in 60

8/16/2018
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US retail sales beat expectations in July US retail sales picked up more than expected in July as Americans spent more on motor vehicles and clothing. The Commerce Department said retail and food service sales came in at more than 507 billion dollars, up 0-point-5 percent from a month ago. The data suggests the economy remained strong early in the third quarter. UK inflation rises to 2.5% in July UK consumer inflation accelerated to 2-and-a-half percent in July, making it the first increase...

Duration:00:01:09

August 14th, 2018 - Biz in 60

8/14/2018
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Germany's economy grows 0.5% in Q2 Germany's economy has expanded by zero-point-5 percent compared to the previous quarter. The better-than-expected result was driven by higher household and state spending. The Eurozone's GDP for the quarter was also revised up to 0-point-4 percent. UK unemployment falls to 43-year low in Q2 UK unemployment fell to a 43-year low in the second quarter. The jobless rate dropped to 4-percent in the three months to June. But wage growth slowed to its weakest...

Duration:00:01:10

August 13th, 2018 - Biz in 60

8/13/2018
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Musk says Saudi fund supports Tesla buyout Tesla CEO Elon Musk says he left a meeting on July 31 with 'no question that a deal with a Saudi sovereign fund could be closed'. Last week, Musk shocked investors with his announcement that he had secured funding to take the electric car maker private at 420-dollars a share. In a blog post, Musk also said that the fund has been pushing to take Tesla private for nearly two years. Bayer shares fall after Monsanto cancer ruling Shares in the German...

Duration:00:01:12

August 2nd, 2018 - Biz in 60

8/3/2018
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Apple becomes first public company worth $1T Tech giant Apple has become the first US company to achieve a market capitalisation of one trillion dollars. Apple's shares surged nearly three percent to just above 207 dollars each after it reported better than expected quarterly earnings. But Apple isn't the first public company to hit the trillion dollar milestone -- Oil and gas giant Petrochina did that in 2007. Tesla shares up 9% despite $718M loss Tesla shares rose more than nine percent,...

Duration:00:01:09

August 1st, 2018 - Biz in 60

8/3/2018
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Apple shares jump 3.5% on strong iPhone X sales Shares of Apple surged in early New York trading, after the tech giant's latest quarterly revenue and earnings beat forecasts. Apple's strong sales projections suggest its high-end phones remain popular. Meanwhile, China's Huawei has overtaken Apple to become the world's second biggest smartphone maker after Samsung. Volkswagen posts 6.8% rise in Q2 profits German carmaker Volkswagen has posted a 6.8 percent increase in second quarter profits...

Duration:00:01:09

July 31st, 2018 - Biz in 60

8/1/2018
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Eurozone GDP grows at slowest pace in two years The euro zone economy grew by 0.3% in the second quarter of 2018 compared to the first three months of the year. That was its slowest growth rate in two years. Economists say uncertainty over global trade, falling business confidence and higher oil prices were the most likely reasons behind the fall. China's manufacturing growth hits 14-month low China's manufacturing sector grew at its slowest pace in fourteen months. The purchasing...

Duration:00:01:09

July 30th, 2018 - Biz in 60

7/30/2018
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Malaysia appoints new Khazana board Malaysian Prime Minister Mahathir Mohammed has appointed a new board of directors at the country's 39-billion dollar sovereign wealth fund, Khazanah Nasional. That's less than a week after senior management offered to resign 'to facilitate a smooth and orderly transition under the new government'. Mahathir will be the fund's new chairman - the managing director is yet to be appointed. Japan's central bank buys $14.76B of bonds Japan's central bank has...

Duration:00:01:09

July 27th, 2018 - Biz in 60

7/27/2018
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July 27th, 2018 - Biz in 60 by TRT World

Duration:00:01:12

July 26th, 2018 - Biz in 60

7/26/2018
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July 26th, 2018 - Biz in 60 by TRT World

Duration:00:01:09

July 25th, 2018 - Biz in 60

7/25/2018
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Deutsche Bank reports 14% drop in Q2 net profit Deutsche Bank has reported a 14 percent drop in second quarter net profits to 468 million dollars, roughly in line with expectations. Germany's largest lender also said it's cut more than 2 thousand jobs since the start of the year, and plans to reduce its workforce by another 2-thousand-four-hundred over the rest of 2018. Ryanair to cut Dublin-based fleet by 20% Ryanair has announced it will cut its Dublin-based fleet by 20 percent this...

Duration:00:01:10

July 23rd, 2018 - Biz in 60

7/23/2018
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Marchionne era ends, Fiat Chrysler shares dip Shares in Fiat Chrysler fell as much as five percent after the Italian carmaker replaced CEO Sergio Marchionne. The company told employees the 66 year old's health worsened after undergoing shoulder surgery and that he would not return to FCA. Meanwhile, the group's European operations chief Alfredo Altavilla, who was considered one of the leading candidates for the top job, resigned after the board appointed its Jeep and Ram brands chief Mike...

Duration:00:01:11

July 19th, 2018 - Biz in 60

7/19/2018
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Comcast drops pursuit for Fox, focuses on Sky The first round of one of the world's biggest media fights has ended with a victory for Disney - with Comcast withdrawing its 65-billion dollar bid for 21st Century Fox. Comcast says it won't submit a new offer to top Disney's 71-billion dollar bid. Comcast will now focus on its efforts to acquire British broadcaster, Sky.. which Disney is also vying for. Saudi Aramco in talks to buy stake in SABIC Saudi Aramco is in talks to buy a stake in the...

Duration:00:01:11

July 17th, 2018 - Biz in 60

7/17/2018
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'Vote Leave' fined for breaching spending rules The pro-Brexit campaign group, 'Vote Leave', has been fined 80 thousand dollars for breaching spending rules in the 2016 EU referendum. The UK's Electoral Commission also found that 'Vote Leave' failed to declare its partnership with another group, BeLeave. Campaign officials have also been referred to the police. Vote Leave has denied any wrongdoing. Goldman Sachs names David Solomon as new CEO Goldman Sachs has named David Solomon as its...

Duration:00:01:11

July 13th, 2018 - Biz in 60

7/13/2018
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US banking giants report Q2 results The US banking sector earnings season kicked-off as JPMorgan and Citigroup posted stronger than expected second-quarter profits. Higher interest rates and tax cuts drove earnings higher. However, the country's third-largest bank Wells Fargo reported a drop in both revenues and profits as lending activity slowed and its expenses grew. Johnson & Johnson to pay $4.7B in cancer case A court in Missouri has ordered Johnson & Johnson to pay 4-point-7 billion...

Duration:00:01:10

July 12th, 2018 - Biz in 60

7/12/2018
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US consumer inflation hit six-year high in June US consumer prices rose at their fastest pace in nearly six-and-a-half years in June, in line with forecasts. The 2-point-9 percent year-on-year inflation rate boosts the case for more interest rate hikes by the Federal Reserve. Excluding food and energy prices, the inflation rate rose to 2-point-3 percent. UK clears Fox's Sky bid as battle heats up The British government has cleared 21st Century Fox to buy Sky, removing the final obstacle in...

Duration:00:01:10

July 11th, 2018 - Biz in 60

7/11/2018
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21st Century Fox raises Sky bid to $32.5B Rupert Murdoch's 21st Century Fox has raised its offer to buy the rest of British broadcaster Sky it doesn't currently own. Fox's new bid is 30 percent higher than its original offer in December 2016, and 12 percent above that of US cable operator Comcast. The latest bid values Sky at 32-and-a-half billion dollars. Sky shareholders need to approve the proposal. Turkey's current account gap at $5.9B in May Turkey's current account deficit has...

Duration:00:01:12

July 10th, 2018 - Biz in 60

7/10/2018
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Switzerland challenges US tariffs at WTO Switzerland has become the eighth country to launch a complaint at the World Trade Organization against US steel and aluminum tariffs. The Swiss economy ministry said the additional duties, which the US introduced to protect its national security, were unjustified. Other WTO members including the EU, China and Russia are also challenging Trump's controversial trade policies. Tesla to build mega plant in China Tesla plans to build a massive factory...

Duration:00:01:11

July 9th, 2018 - Biz in 60

7/9/2018
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Japan floods force carmakers to halt production More than one hundred people have been killed in floods and mudslides after unprecedented rainfall in Japan. The disaster also forced carmakers including Mazda, Nissan, and Mitsubishi to halt their production at several plants. Component suppliers such as Panasonic were also affected. The stoppages are expected to continue through the week. Tencent plans to list music unit in US Tencent is planning to spin off and list its online music unit...

Duration:00:01:10

July 6th, 2018 - Biz in 60

7/6/2018
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US unemployment rate rises to 4% in June US employers added 213-thousand new jobs in June, more than analysts had forecast. But the unemployment rate rose to four percent after dropping to an 18-year low of 3-point-8 percent in May as more people entered to the labour force. Meanwhile wages grew by 2-point-7 percent from a year ago, failing to meet expectations. Daimler sales drop 2.6% in June Mercedes-parent Daimler has ended its 63-month winning streak as trade tensions worsen. Global...

Duration:00:01:11