September 29, 2020-Biz in 60

South Africa's unemployment rate falls to 23.3% in Q2 South Africa's unemployment rate fell to the lowest in 11 years in the second quarter despite the loss of 2.2 million jobs. The jobless rate fell to 23-point-3 percent in the three months through June. But the country was under a strict lockdown during the period, preventing people from looking for work. That brought the jobless rate down because only those actively looking for work are counted as unemployed. LVMH countersues Tiffany over $16B collapsed merger LVMH has countersued Tiffany & Co after scrapping its planned 16-point-2 billion dollar takeover of the iconic US jeweler. The French luxury goods giant has accused Tiffany's board of making crucial financial mistakes since the deal was unveiled last year. Earlier this month, Tiffany filed a lawsuit against the Louis Vuitton- owner to force it to complete the deal. NTT to spend $40B to take wireless carrier unit private Japan's biggest telecoms company, Nippon Telegraph and Telephone Corp, says it'll spend 40-billion- dollars to take its wireless carrier unit private. The group already owns 66-point-2 percent of NTT DoCoMo. The move comes as Japan's new prime minister Yoshihide Suga called for a reduction in mobile fees.