Flight delays in Europe doubled last year, 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.: Sears chairman ups bid to $5 billion, United has a new plan to woo US travelers, and more top news
- Sears Holdings Chairman Eddie Lampert has submitted a revised bid of around $5 billion to get one more chance at saving the iconic retailer, per Reuters.
- United Airlines plans to use its Boeing 787-10 Dreamliners on popular transcontinental routes to lure travelers.
- Apple CEO Tim Cook earned $15.7 million in 2018, a 22% annual pay increase bolstered by a $12 million cash bonus.
- Smart speakers are flying off the shelves. With nearly one in 10 people getting one over the holidays, there are now 119 million in circulation in the U.S., according to a NPR and Edison Research survey.
- New York City Mayor Bill de Blasio is proposing legislation that would mandate businesses with more than four employees to offer at least two weeks paid time off.
CANADA: TransCanada plans to change its name, Sears chairman ups his bid, and more top news
- TransCanada will ditch the word Canada from its name. The pipeline company will be renamed TC Energy, according to CEO chief Russ Girling.
- Mexico's new president Andrés Manuel Lopez Obrador issued an emotional appeal to countrymen to help him battle fuel thefts.
- Pushed by food prices, inflation in Mexico accelerated in December.
- According to The Economist, democracy in Mexico is at its record low since 2006.
- Mexican peso closed at its record high in almost three months.
- Pemex will have at least one capitalization for 1.25 billion dollars in 2019.
- Brazil is the most expensive country to buy clothes from Zara, study finds.
- Government will close state-owned Valec and Ceitec, and over a thousand will lose jobs.
- Sales of imported cars in the country grow 26.3% in 2018.
- Charges and taxes represent almost half of the electricity bill.
- Enel opens voluntary redundancy plan for 3,000 employees.
EUROPE: Flight delays have doubled, Norway mulls Huawei ban, and more top news
- Flight delays in Europe more than doubled in 2018,
- Norway is threatening to ban China’s Huawei from the development of its 5G network.
- Volkswagen and Ford are poised to announce a “deeper” alliance that could save both automakers billions of dollars
- News agency AFP has appointed a Briton to its top post.
- A new vegan sausage roll launched by UK bakery chain Greggs is proving to be a hit across the country.
U.K.: Jaguar Land Rover to cut up to 5,000 jobs, John Lewis staff bonus under threat, and more top news
- Up to 5,000 jobs could be lost at Jaguar Land Rover as part of a ￡2.5 billion cost-cutting plan.
- John Lewis may be forced to drop its staff bonus for the first time since 1953.
- Amazon paid just ￡63m in business rates last year, despite making ￡8bn of sales in the UK.
- Greggs is struggling to keep up with demand for its new vegan sausage roll.
- Japan has lifted a 23-year ban on British beef imports, as Prime Minister Shinzo Abe prepares to visit the UK.
FRANCE: Air France-KLM outperforms, activity bonuses claims explode, and more top news
- Despite a massive strike in Spring that costs €350 million to the company, the number of passengers carried by Air France-KLM increased by 2.8% in 2018, at 101.4 million.
- Claims for “activity bonuses” (bonuses provided by the government to low income employees) have been multiplied by 6 in January year on year.
- The wages paid to the presidents of public administration services under question.
- Ending French “wealth tax” on high earners resulted in a drop of donations to charities.
- France acquires the Europe’s most powerful supercomputer to become a leader in IA.
- Low interest rates save federal budget 368 billion euros.
- VW establishes subsidiary to sell green energy.
- There are more and more women on the boards of the largest German companies.
- World Bank chief Jim Yong Kim resigns unexpectedly.
- Union complains of chronic staff shortages in day care centers.
INDIA: Jet's $900M turnaround plan, the workplace biases techies fight, and more top news
- Lenders to Jet Airways have proposed a $900 million turnaround plan comprising fresh equity infusion and a debt recast, Mint reports.
- India’s techies feel their workplaces are rife with biases, shows a survey by the Society of Women Engineers and UC Hastings College of the Law.
- India will likely top the US to become the world’s second-biggest economy in PPP terms by 2030, Bloomberg reports, citing forecasts by Standard Chartered.
- 95% of mobile wallets in India may become defunct by March, Economic Times reports.
- Cab aggregator Ola is in talks to invest in or acquire e-pharmacy Myra Medicines, Mint reports.
AUSTRALIA: Crabtree & Evelyn closes with 100 jobs gone, high-paid non-tertiary jobs, and more top news
- Beauty and homewares brand Crabtree & Evelyn is closing in Australia with all staff being made redundant.
- One of the highest paying job that doesn’t require a degree is a train driver.
- A superannuation crackdown would make Australians entering the workforce up to $533,000 better off in retirement, according to the government.
- Confidence in the property sector hit the lowest point in five years, according to The ANZ/Property Council Survey.
- Tech giant Google unveiled a new Google Home “interpreter mode” feature, making real-time, instant translations a reality.
- Managers think digital natives are vulnerable to pressures, whereas digital natives think work is just a way to earn money and not a way to achieve self-actualization, according to a survey by staffing firm Adecco.
- Logistics giant Nippon Express decided to rise wages of non-regular employees who engage in work equal to that of regular employees in order to fix the salary gap.
- World Bank cut forecast for world economic growth in 2019 amid threat of U.S.-China trade war.
- Line and M3 formed a new joint venture that provides medical examination remotely over the internet.
- Japanese researchers discovered a medicine that helps people to retrieve lost memories.
- Mindray said it will re-welcome 254 new college graduates it hired but decided to break the contracts with this year.
- Amazon CEO Jeff Bezos announced that he and his wife have decided to divorce.
- Glee Electronics raised all of its employee’ salaries for the second year.
- Didi Chuxing announced it has fired 83 people this year in an internal anti-corruption movement.
- Zhang Xiaolong, Founder of WeChat, said more than 100 million users have chosen to make only three days’ updates visible to its connection on WeChat.