March 2, 2021 Biz in 60

Business in 60 Seconds

Two Americans extradited to Japan for allegedly aiding Ghosn Two American men have been handed over to Japanese authorities for allegedly helping the former Nissan chief Carlos Ghosn flee the country. The father-and-son duo had been fighting to stop extradition proceedings in the US since their arrest last May. In 2019, Ghosn escaped from Japan to Lebanon in a box, while he was awaiting trial on financial misconduct charges. South Korea proposes extra $13.4B fund for small businesses South Korea has unveiled an extra budget of 13-point-4 billion dollars, to support small businesses and protect jobs. The move comes after a coronavirus resurgence prompted the government to uphold social distancing restrictions. The new spending plan is in addition to record stimulus packages totalling around 285-billion dollars launched by the government since the start of the pandemic. Goldman Sachs reportedly to relaunch cryptocurrency desk Goldman Sachs is reportedly relaunching its cryptocurrency trading desk, prompted by a surge in the value of Bitcoin. According to Reuters, the US banking giant will start dealing bitcoin futures and non-deliverable forwards for clients from next week. The desk was first set up in 2018, just as bitcoin's price was falling from record highs.