September 11, 2020 Biz in 60

UK signs first post-Brexit trade deal with Japan The UK has secured its first post-Brexit trade deal, following an agreement with Japan. The deal will boost trade between the countries by over 19 billion dollars over the next 15 years. UK businesses will also enjoy tariff-free trade on 99-percent of exports to the country. Meanwhile, Britain's economy grew by six-point-six percent in July as coronavirus restrictions eased. Turkey's current account deficit narrows to $1.8B in July Turkey's current account deficit narrowed to one-point-eight billion dollars in July fueled by purchases of energy and gold. Although the coronavirus pandemic has continued to impact overseas orders. July's figure compares to a two-point-nine billion dollar deficit in the previous month and a surplus of one-point-nine billion dollars a year ago. Rio Tinto CEO resigns over Aboriginal cave destruction Rio Tinto chief executive Jean-Sebastien Jacques and two senior executives have resigned following the destruction of two ancient caves in Australia. In May, the world's biggest iron ore miner destroyed the 46-thousand- year-old Aboriginal rock shelters as part of a mine expansion. The incident sparked widespread criticism from investor groups and the public.