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  • Welcome to "The World in 60 Seconds" from FirstFT.

  • Usain Bolt won the 100-meter final on Sunday night

  • to become the first man to win the Olympic title three times.

  • Meanwhile, Britain's Andy Murray dispatched Argentina's Juan Martin Del Potro

  • to become the first man to win the Olympic tennis tournament twice,

  • retaining his 2012 title.

  • PWC is being sued for a record 5.5 billion dollars,

  • for failing to detect fraud that led to a bank collapse

  • during the global financial crisis.

  • The case could bring more auditing firms into the line of fire.

  • And Swiss criminal authorities are probing a well-connected former top Abu Dhabi finance official

  • over an alleged international conspiracy to embezzle money from Malaysia's 1MDB wealth funds.

  • Investigators suspect Khadem al-Qubaisi of fraud, money laundering and corruption.

  • That's according to a letter seen by the Financial Times.

  • And we have more stories for you at FT.com/FirstFT.

Welcome to "The World in 60 Seconds" from FirstFT.

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