Elon Musk's $1B Australian offer, and more news around the world
Every day, LinkedIn publishes 12 Daily Rundowns, in 7 languages, around the world to get professionals up to speed. Here's a translated look at what each market is talking about today.
U.S.: Shutdown spurs TSA attendance issues, Tesla to slash more than 3,000 jobs, and more top news
- Failure to report for work is growing among federal employees deemed “essential” during the partial government shutdown — at least among Transportation Safety Administration agents, who say they can't afford to do so.
- Tesla chief Elon Musk says the electric car maker will cut staff by 7% — approximately 3,150 jobs — in order to sell its Model 3 vehicle “at $35,000 and still be a viable company.”
- Former Chairman and CEO of CBS Les Moonves is fighting for the $120 million severance package that was denied to him after an internal investigation.
- Walmart has scrapped plans for a separate video-streaming service, in favor of doubling down on its existing service, Vudu, according to CNBC.
- The number of new foreign students in the U.S. dropped 6.6% in the 2017/2018 academic year — double the decline from the previous year, according to new research.
CANADA: Canadian crude prices surge, Hootsuite abandons potential sale, and more top news
- Canadian crude oil prices have increased and are trading at the lowest discount to American oil in ten years.
- Vancouver firm Hootsuite Media has given up on a potential sale after receiving preliminary offers from private equity firms that were below expectations, reports The Globe and Mail.
- Starbucks opened in Jalisco state its second coffee shop attended by employees over 60 years old.
- President Lopez Obrador said Pemex finances aren't damaged.
- Restaurants and shopping malls in Mexico City lose millions due to the fuel theft crisis.
- Shell and BP will import fuel to Mexico from Texas.
- Cemex appoints new Mexico CEO.
- Eletrobras plans new phase of voluntary resignations program.
- Three states have already declared financial calamity situation in 2019.
- Summer makes fan sales grow by over 70%.
- Despite record subscribers, Netflix revenue grows less than expected.
- Solar energy is expected to grow 44% in Brazil by 2019.
EUROPE: France triggers no-deal Brexit plan, Snoop Dogg invests in Swedish unicorn Klarna, and more top news
- France has triggered its €50 million no-deal Brexit plan.
- Swedish fintech giant Klarna has a new investor: US rapper Snoop Dogg.
- Dutch technology company Philips will close its last UK factory in 2020.
- A Scottish shopping centre is being put up for sale with a reserve price of ￡1.
- The largest collection of breached data has been discovered.
- A Scottish shopping centre is being put up for sale with a reserve price of ￡1, reports The Guardian.
- The University of Oxford has placed an indefinite ban on new donations and sponsorships from Chinese telecoms giant Huawei amid security concerns.
- Consumer goods company Philips will close its last UK factory in 2020.
- The UK’s nuclear policy has been thrown into disarray, after Hitachi became the second Japanese company to pull out of building a new nuclear power plant in Britain.
- The number of foreign visitors to Britain fell in the three months to September, spending less than the previous year.
FRANCE: France prepares for a no-deal Brexit, public spendings in question, and more top news
- PM Edouard Philippe unveiled a plan to prepare French economy for a “less and less unlikely” hard Brexit.
- Think tank France Stratégie makes propositions to reduce French public spendings.
- French movies exportations decreased by more than 50% in 2018 due to a lack of blockbusters.
- Swiss food and drink multinational company Nestlé wants to reduce its plastic footprint.
- National railway company SNCF will propose housing solutions to 2,000 new hires in Paris region.
- The publication of hundreds of millions of login credentials has sparked a new debate about internet security.
- Every fourth long-distance train in Germany is running late – the Deutsche Bahn wants to improve its performance by hiring 22.000 staff.
- Chinese telecommunications corporation Huawei is under pressure due to allegations of spying for the Chinese government.
- For the first time customers worldwide have purchased more than two million electrically powered cars in 2018.
- German highways saw a record number of traffic jams in 2018, a study finds.
- Former PepsiCo CEO Indra Nooyi is among candidates to succeed World Bank President Jim Yong Kim, who is leaving February 1.
- Video-streaming firms Netflix, Hotstar and others have drafted a code to censor content on their platforms.
- India’s new e-commerce regulations could cost the sector $46 billion in lost sales by 2022, Reuters reports.
- The government has simplified the procedure to claim exemption from 'angel tax,' although the levy itself has not been abolished.
- Nearly four in five affluent urban Indians would choose eating good food over being thin, an online survey shows.
AUSTRALIA: Elon Musk’s $1bn Australian offer, the fight to use the name ‘prosecco’, and more top news
- Billionaire Elon Musk said he could build a tunnel through the Blue Mountains for $1B.
- Australia is fighting the EU to be able to use European food names like ‘prosecco’ and ‘mozzarella’ for local products.
- Sales figures from Kogan suggest Australians are moving away from the iPhone.
- Australians are paying the price for leaving the air conditioning on.
- A US bicycle and scooter sharing company thinks it can succeed in Australia.
- Hitachi announced to suspend nuclear project in Britain. The company plans to book a special loss of 300 billion yen in the end of the company's business year in March.
- SoftBank wins the title of “the most interesting company in 2019” ranked by Japanese presidents, according to a research by Sanno University.
- More banks are going cashless in order to survive low interest rates by streamlining their business.
- YouTube banned “dangerous stunts and emotionally distressing pranks” amid YouTuber boom.
- Three major phone carriers in Japan announced to start reviewing notorious two-year contract plan that takes penalty fee for early cancellation as pressure from the government continues.
- Robin Li, Founder & CEO of Baidu, talked about Baidu’s vision for the first time in the company’s history.
- Working in Beijing is no longer the first choice of new graduates who went to school in Beijing.
- Ren Zhengfei, founder of Huawei, talks about his daughter, Canada, 5G expansion at a group interview with media.
- 1 in 3 United Nations staffers say they experienced sexual harassment in the past two years.
- Two ofo co-founders sell off their shares in one of the company’s subsidiary.