August 25, 2020- Biz in 60 - a podcast by TRT World

India reportedly removes Huawei equipment from networks
India is reportedly removing Huawei equipment from its mobile networks. This comes amid rising tensions between New Delhi and Beijing over their disputed Himalayan border. According to the Financial Times, rather than formally imposing a ban, the Indian government is quietly phasing-out Chinese vendors from its network in a bid to avoid retaliation.

Ant Group files for dual listing in Hong Kong, Shanghai
Jack Ma's Ant Group has filed its prospectus to go public in what could be the world's largest-ever initial public offering. The Chinese fintech powerhouse is expected to raise as much as 30-billion- dollars in a dual listing in Hong Kong and Shanghai. The filings reveal the company's net profit jumped more than 1-thousand percent in the first half of this year to 3-point-2 billion dollars.

UK software group Aveva agrees to buy OSIsoft for $5B
UK software group, Aveva, has agreed to buy rival O-S-I Soft for 5-billion- dollars. The acquisition will help Aveva expand its position in industrial software at a time when clients are going digital in order to cut costs. Aveva says it's planning a 3-and- a-half billion- dollar rights issue to fund the transaction.

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