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Under60 Daily | 2 November 2020

Welcome to another edition of Under60 Daily - a brief rundown of the top happenings in the business world, curated by hand to exclude the clutter and ensure you get up to speed in under a minute.


[Regulatory] The U.K.'s data privacy watchdog, the Information Commissioner's Office, fined the Marriott Hotels chain £18.4m for a significant data breach that may have affected up to 339 million guests.

Over60: BBC News

[Markets] Global markets started the week on a positive note, following the previous week's sell-off. As Election Day looms, investors seek to reposition their portfolios - sending the S&P 500 up by 1.2% for the day. Simultaneously, prices of Brent Crude dropped below $36 a barrel as economists forecasted lower demand due to lockdowns and restrictions across Europe.

Over60: Bloomberg Quint, Business Standard

[Private Equity] Reliance Retail, India's most significant retailer, raises $3.4 billion in one month, with Abu Dhabi's Mubadala investing $855 million for a 1.4% stake.

Over60: CNN Business

[M&A] The race towards being the largest online payment operator seems to be increasing worldwide. After Stripe acquired Nigeria's Paystack, Italian payments provider Nexi is looking to buy Danish payment operator Nets for €7.2 billion. Nexi also recently agreed to combine with its rival Sia in a €15 billion deal.

Over60: Reuters

[Currencies] Russia's Rouble fell against the U.S. Dollar and Euro as the oil price saw a drop in the previous week, along with investor panic surrounding the U.S. elections. Analysts expect a Joe Biden victory to fuel a sell-off in Russian markets.

Over60: Reuters




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Under60 Daily | 27 November 2020

Welcome to another edition of Under60 Daily - a brief rundown of the top happenings in the business world, curated by hand to exclude the clutter and ensure you get up to speed in under a minute. [Int

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