January 11, 2021 - Biz in 60 - a podcast by TRT World

China issues new rules to shield firms from US sanctions
China has implemented new rules to protect its companies from quote 'unjustified' laws imposed by foreign countries. The new regulations will allow Chinese courts to punish global companies that enforce such restrictions. The move is aimed at countering a series of punitive measures issued by US President Donald Trump in recent years.

Turkey launches investigation into WhatsApp, Facebook
The Turkish Competition Authority has launched an investigation into popular messaging app, WhatsApp, and its owner Facebook. The move comes after WhatsApp imposed new privacy rules on its users that will see personal data shared with Facebook companies. The regulator has suspended the data-sharing until the conclusion of its probe. Facebook acquired WhatsApp for 19-billion- dollars in 2014.

Turkey's unemployment rate falls to 12.7% in October
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 last October, compared to 13-point-4 percent in the same month in 2019. Meanwhile, Turkey's current account deficit widened to 4-billion- dollars in November.

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