November 12, 2020 - Biz in 60

Business in 60 Seconds

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November 12, 2020 - Biz in 60

Business in 60 Seconds

South Africa's jobless rate rises to 17-year high in Q3 South Africa's unemployment rate jumped back to a 17-year high in the third quarter, as more people looked for a job after the easing of coronavirus lockdowns. The jobless rate rose to 30-point-8 percent in the three months through September, from 23-point-3 percent in the second quarter. The number of people employed also rose by 543-thousand to top 14-and- a-half million. Emirates posts first half-year loss in more than 30 years Emirates has slumped to its first half-year loss in more than 30 years, after the pandemic hammered demand for air travel. The carrier posted a net loss of 3-point-4 billion dollars in the first six months of its financial year, compared to a 235 million dollar profit a year ago. Revenue also plunged 75 percent year-on-year to 3-point-2 billion dollars. Nissan cuts annual operating loss forecast to $3.2B Nissan has trimmed its forecast for an annual operating loss by about a third to 3-point-2 billion dollars. That's due to restructuring efforts and a strong recovery in world's largest car market, China. The Japanese carmaker said its net loss also shrank to 422 million dollars in the second quarter, from a 2-point-7 billion dollars in the previous three-month period.
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South Africa's jobless rate rises to 17-year high in Q3 South Africa's unemployment rate jumped back to a 17-year high in the third quarter, as more people looked for a job after the easing of coronavirus lockdowns. The jobless rate rose to 30-point-8 percent in the three months through September, from 23-point-3 percent in the second quarter. The number of people employed also rose by 543-thousand to top 14-and- a-half million. Emirates posts first half-year loss in more than 30 years Emirates has slumped to its first half-year loss in more than 30 years, after the pandemic hammered demand for air travel. The carrier posted a net loss of 3-point-4 billion dollars in the first six months of its financial year, compared to a 235 million dollar profit a year ago. Revenue also plunged 75 percent year-on-year to 3-point-2 billion dollars. Nissan cuts annual operating loss forecast to $3.2B Nissan has trimmed its forecast for an annual operating loss by about a third to 3-point-2 billion dollars. That's due to restructuring efforts and a strong recovery in world's largest car market, China. The Japanese carmaker said its net loss also shrank to 422 million dollars in the second quarter, from a 2-point-7 billion dollars in the previous three-month period.
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