December 15, 2020 - Biz in 60

Turkey's budget swings into $1.7B surplus in November Turkey's budget swung to a surplus in November after being in deficit for two months. The central government posted a monthly budgetary surplus of 1-point-7 billion dollars, lowering the deficit for the year to 19-billion- dollars. Revenue rose 32-percent from a year earlier, while spending excluding interest payments rose an annualised 28-percent. Inditex sales return to almost pre-crisis levels in Q3 Sales at the Spanish clothing company, Inditex, have recovered to close to pre-pandemic levels thanks to its cost-cutting efforts. That's despite revenue at the Zara owner falling 14-percent in the third quarter, following a drop of 31-percent in the previous three-month period. Meanwhile, Swedish rival H&M has reported a 10-percent fall in quarterly sales, as a second wave of lockdowns curbed spending. Pinterest to pay $22.5M to settle gender discrimination suit Pinterest has settled the gender discrimination lawsuit brought by its former chief operating officer, Francoise Brougher. As part of the deal, the photo-sharing company agreed to pay 22-and- a-half million dollars in compensation. In the lawsuit filed in August, Brougher accused Pinterest of excluding her from meetings after she pushed for equal pay.