Business in 60 Seconds

Business in 60 Seconds


December 10, 2020 Biz in 60

December 10, 2020

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 will continue to enjoy the same benefits they're receiving under an existing EU-Singapore trade pact. The new agreement will come into effect in January, when Britain becomes an independent trading nation.

Turkey's unemployment rate falls to lowest level since 2018
Turkey's unemployment rate has fallen to its lowest level since 2018, as the economy gained steam between the first and second waves of the pandemic. The jobless rate fell to 12-point-7 percent in September, compared to 13-point-8 percent in the same month a year ago. Last week, the government extended a wage-support system for another three months after imposing new lockdown measures.

Hunter Biden says he is under investigation over taxes
US president-elect Joe Biden's son, Hunter, says he's under investigation over his tax affairs. Federal prosecutors have reportedly been examining whether Hunter Biden and his associates violated tax and money laundering laws in their business dealings with foreign countries. He was targeted by President Trump throughout the election campaign for using his father's political connections.