France vows to hit back at US tariffs; the disastrous effects of busyness, and more top news
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France has vowed the EU will hit back with a “strong riposte” should the Trump administration carry through with its threatened tariffs of up to 100% on $2.4 billion of French goods. The levy plans come after France’s new digital-services tax caused months of contention, with the US claiming it unfairly targets American tech companies such as Google, Apple, Amazon and Facebook. Trade tensions are escalating, with the US also warning it could broaden punitive tariffs on EU products related to the Airbus subsidies. ? Here’s what people are saying.
More than 75,000 banking jobs have been cut globally so far this year — almost all of them in Europe, reports Bloomberg. Italy’s biggest lender UniCredit yesterday announced it will be slashing 8,000 positions in a bid to save €1 billion, adding to the 75,700 bank jobs lost globally this year, of which 83% were in Europe. Negative interest rates and a slowing economy are behind the disproportionate figures, with banks in Europe still struggling to regain their footing after the financial crisis. ? Here’s what people are saying.
Thousands of Thyssenkrupp steel workers joined protests in Germany yesterday over proposed layoffs. The move comes after the multinational conglomerate, which recorded a net loss of €304 million in the year to September, said it would cut 6,000 jobs globally. In June, the European Commission blocked a proposed merger between Thyssenkrupp and Tata Steel, citing concerns over reduced competition and likely price increases. ? Here’s what people are saying.
The Apostrophe Protection Society, which advocates for the proper use of the apostrophe, will shutter operations after 18 years of fighting the good fight. Founder John Richards, a retired journalist who is now 96, admitted defeat at the hands of “ignorance and laziness”, and critiqued organisations that he says improperly abandoned the apostrophe, such as Waterstones (formerly Waterstone's). Richards had received hundreds of supportive letters from around the world after initially founding the organisation in 2001. ? Here’s what people are saying.
At the end of every workday, many of us find that while we worked hard, we hardly made a dent in the big and sometimes career-defining projects that we wanted to tackle that week. We vow to work on them tomorrow, only to find ourselves busy all day once again, sometimes working on that bigger idea at home during off-hours. That's the wrong strategy for success, says a report in BBC Worklife. Shifting our mindset to value time and bandwidth as scarce resources that require trade-offs is key to keeping us healthier, wealthier and making wiser choices. ? Here’s what people are saying.
Idea of the Day: Communicating is key to good leadership, says Rhonda Morris, chief human resources officer at Chevron.
"Communicating in simple language and connecting with people is a differentiator. How do you constantly simplify messages so that they can be repeated back?"
What's your take on today’s stories? Share your thoughts in the comments.
Business Development Manager @ Drooms
4 年France hitting back at the USA, that's funny.
Erfaren kommunikat?r, strateg och skribent. #content #strategy #hands-on #podd #socialamedier
4 年Overall a good mix of “oh no”, “interesting” and “useful advice”
Emergency Services Graphics & Branding Production at Endura Ltd
4 年Hopefully the discussion around France's new tax will give a push for the formation of a (long overdue) international digital business tax.
A tariff is a tax on importers and, in the end, the consumers. "Oh, but the consumers can just switch to domestic brands and save!" Well, no - because the tariff-inflated price becomes a new target price; domestic manufacturers will exploit this to increase their prices to increase their profits, as happened e.g. with steel during the GWB era. The importers, expecting lower sales, will also import less, reducing supply, which also will increase prices due to demand. France can probably find other customers for their goods to compensate some for the reduced sales to the US, But American consumers will have to live with the higher prices.