Business in 60 Seconds

Business in 60 Seconds


December 14, 2020 Biz in 60

December 15, 2020

Russia denies hacking US Treasury emails
Moscow has denied reports that Russian hackers have been monitoring internal e-mail traffic at the US Treasury Department. A Reuters report also says hackers gained access to an agency that decides internet and telecommunications policy. The breach triggered a National Security Council meeting at the White House on Saturday.

Turkey's industrial production, retail sales up in October
Turkey's industrial production rose 10-point-2 percent from a year ago in October, marking the fifth consecutive month of growth. That's as the economic recovery picked-up pace following coronavirus lockdowns. Meanwhile, retail sales also jumped 12-percent year-on-year, driven by a surge in online and mail-order sales, as people stayed at home during the pandemic.

Gaming firm EA to buy Codemasters for $1.2B
Video games maker, Electronic Arts, has agreed to buy UK racing game developer, Codemasters, for 1-point-2 billion dollars. The deal trumps a 970-million- dollar offer from US rival Take-Two Interactive Software that was accepted last month. The move comes amid increasing consolidation in the industry as the pandemic boosts demand for gaming.