January 13,2021 - Biz in 60

Business in 60 Seconds

Turkey's industrial production, retail sales up in November Turkey's industrial production jumped 11-percent from a year ago in November, marking the sixth consecutive month of growth. That's as the economic recovery picked-up pace after the initial loosening of coronavirus restrictions. Meanwhile, retail sales also surged 12-percent in the same month driven by a jump in online purchases, as people continued to stay at home during the pandemic. Just Eat Takeaway reports 57% jump in fourth quarter orders European food delivery app, Just Eat Takeaway, has reported a 57-percent jump in fourth-quarter orders from the same period in 2019. That's as restaurants were forced to go online after countries across Europe reimposed lockdowns. In June, the company agreed to buy US rival Grubhub for 7-point-3 billion dollars to create the biggest food-ordering service outside China. Telefonica sells tower unit to American Towers for $9.4B Telefonica has agreed to sell its mobile phone masts to US telecom infrastructure operator, American Towers, for 9-point-4 billion dollars. The deal comes as part of the Spanish telecom company's efforts to cut its debt pile of 45-billion- dollars, which is one of the biggest in the industry. Shares in Telefonica jumped around 10-percent on the news.