August 10, 2020 - Biz in 60

Turkcell signs $590M loan deal with China Development Bank Turkey's leading mobile phone operator, Turkcell, has signed a 590-million- dollar long-term loan deal with China Development Bank. The company said the eight-year maturity loan will fund its investments in infrastructure over the next three years. The loan will be repaid in the five years following a three-year grace period. McDonald's sues ousted CEO Steve Easterbrook McDonald's is suing its former chief executive Steve Easterbrook to recover tens of millions of dollars in severance pay after discovering evidence he had sexual relationships with multiple employees. The fast-food chain says he tried to cover them-up and arranged for one woman to get a lucrative stock award. Easterbrook was fired last year for having a relationship with an employee. Norges Bank faces criticism over oil fund appointment The watchdog overseeing Norway's central bank says there are still conflicts of interest surrounding the new CEO of the country's 1-point-1 trillion-dollar wealth fund. Norges Bank appointed hedge fund veteran Nicolai Tangen to the post in March. but Tangen has been allowed to keep a controlling stake in his fund, AKO Capital.