September 16, 2020 Biz in 60

India's trade deficit widens to five-month high in August India's trade deficit widened to a five-month high of 6-point-8 billion dollars in August. Exports shrank by 13-percent from a year ago to 22-point-7 billion dollars, hit by weakening demand for leather goods, machinery, jewellery and other products. Imports also fell around 26-percent to 29-and- a-half billion dollars, despite surging gold imports during the pandemic. Thomas Cook relaunches as online-only holiday firm Thomas Cook has relaunched as an online-only holiday company one year after its collapse, which left thousands of holiday-makers stranded abroad. The new website will initially focus on destinations on Britain's safe travel corridor list, including Turkey, Italy and Greece. Chinese conglomerate, Fosun, bought the Thomas Cook brand last November for 14-million- dollars Snowflake raises $3.4B in largest-ever software IPO Snowflake has raised 3-point-4 billion dollars from its initial public offering, making it the largest ever US software listing. The IPO, which was priced at 120 dollars per share, values the cloud database company at more than 33-billion- dollars. Meanwhile, shares in British online retailer, Hut Group jumped 30-percent on their market debut in London.