French companies struggle to hire, 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.: Report reveals Facebook data-sharing details, Elon Musk's California tunnel, and more news
- Facebook gave members' personal data to some of the world’s largest technology companies for years, says The New York Times.
- Following much anticipation, Elon Musk’s Boring Company has unveiled its first tunnel.
- The widest wealth gap since records began in the ‘60s has fueled the growth of U.S. neighborhoods where households earn $200,000 and above — the top tier of the Census Bureau’s community survey.
- Shareholder activism soared in 2018, says Bloomberg.
- The U.S. Surgeon General declared the use of e-cigarettes among youths an epidemic.
CANADA: Freeland: US tariffs contradict new deal; big pharma makes push into pot, and more top news
- U.S. steel and aluminum tariffs contradict the auto rules in the new North American trade agreement, says Foreign Affairs Minister Chrystia Freeland.
- Canadian pot firm Tilray has signed a deal with Novartis to distribute medical marijuana — wherever legal.
- Avocado exports to Asia hit a record high in 2018.
- Nestle Mexico announced millionaire investment in Veracruz.
- The United States and Mexico will invest more than 35 billion dollars in the South of Mexico, Guatemala, Honduras and El Salvador.
- Almost 81% of streaming consumers in Mexico watch Netflix.
- Rent contributed with 2 of each 100 pesos to the national GDP.
- Brazil spent a lot with social security and little on public health.
- Number of public servants in Brazil advances 60% in 20 years.
- National Justice Council approves housing assistance of up to R$ 4,377.73 for magistrates.
- Louis Vuitton purchases network owner of Copacabana Palace Hotel.
- In 2019, electricity consumers will pay R$ 17 billion in subsidies.
EUROPE: Italy, EU near budget deal, Barclays hit with $15m fine in whistleblower scandal, and more top news
- Italy has struck an informal deal with the EU over its contentious 2019 budget.
- Barclays has been fined $15 million over its CEO’s attempt to unmask a whistleblower.
- German auto parts supplier IAV Gmbh will plead guilty to conspiring with Volkswagen in the diesel emissions scandal.
- Famed architect Renzo Piano will lead the reconstruction of the Genoa bridge.
- Moving junk food away from checkouts led to a 76% decrease in purchases of confectionery to be eaten on the go, a new study has found.
U.K.: Cap on skilled migrants to be scrapped, banks face crackdown on overdraft charges, and more top news
- The government is to scrap the cap on the number of skilled migrants who can enter the UK.
- Banks are facing a crackdown on overdraft charges after being accused of holding some of their most vulnerable customers as ‘overdraft prisoners’.
- British Airways will resume flights to Pakistan next year, more than 10 years after it halted operations following a deadly terror attack.
- Manchester United will pay sacked manager José Mourinho more than ￡10m, as experts warn the club’s commercial performance could be at risk amid poor results.
- UK tech ‘unicorn’ Blippar has collapsed into administration over a funding row.
FRANCE: Amazon can thank the "yellow vests", French companies struggle to hire, and more top news
- 43% of French people say they prefer buy Christmas presents online due to the "yellow vests" movement.
- 37% of companies in France struggle to find skilled workers.
- 2 million of French low-income households will receive "energy vouchers" to compensate the rise of fuel price.
- The board of French leading company in autonomous vehicles Navya dismissed its president and cofounder.
- 53% of investors across the world expect global growth to weaken over the next 12 months, according to Bank of America Merrill Lynch.
- EU agrees on banning disposable plastic straws and cutlery, starting 2021.
- Environmentalists urge for speed limit of 120 km/h on German highways, drawing the ire of the automotive industry.
- Secretary of education unveils multi-million euro support package to train more people to become educators.
- Almost 50,000 people already have applied for controversial housebuilding subsidy for families.
- 85 percent of women working part-time are content – despite the negative impact on their pension.
INDIA: Telcos make 9 in 10 pesky calls, cable and DTH set to get costlier, and more top news
- Telcos, and not telemarketers, are behind most promotional calls, according to a report by Truecaller.
- Come January, you may have to shell out more for your monthly cable or DTH bill.
- State-run banks are doubling down on hiring for new-age skills, Economic Times reports.
- SBI and 12 other lenders have initiated bankruptcy proceedings against Vijay Mallya in a UK court.
- The number of Indians aspiring to study medicine overseas increased 74% in 2017-18, Times of India reports.
AUSTRALIA: Telstra turns on first 5G sites, NAB faces executive pay revolt, and more top news
- Telstra has turned on its first 5G sites in Sydney and Melbourne, but users can’t access the network just yet.
- National Australia Bank is the latest big bank to face a shareholder revoult over executive pay.
- A water bottling company that received a $10m government incentive has gone into voluntary administration.
- A Canberra man whose Hawaiian holiday unit turned out to be a basement has taken Wotif to a tribunal, and won.
- Prosecco is now the best-selling sparkling wine in the world by volume.
- 1) Japan’s gender gap is 110th in the 149 nations, worst among G7 nations, according to World Economic Forum’s annual research. The rank is worse than fast-developing Asian nations like China or India.
- 2) Idemitsu-Showa Shell merger got shareholder approval, clearing the last hurdle for creation of a new oil industry giant.
- 3) “Dualer,” or people who enjoy “dual lifestyle” in city and rural areas, will be a new trend for 2019, according to Recruit Holdings.
- 4) Flea market app Mercari announced to withdraw from U.K. amid slumping profit in the local market
- 5) Mitsubishi UFJ banking offices in unpopulated areas started to take an hour “lunch break” at noon in a bid to streamline their business.
CHINA: Google ended secret China project, Baidu restructure underway, and more top news
- Google effectively ended China search engine project codenamed Dragonfly after internal confrontation.
- Baidu is restructuring to focus on AI and cloud computing on B2B market, after Alibaba and Tencent have taken similar action.
- Luckin Coffee is partnering with Mei Tuan on food delivery service.
- Career crisis for real-estate executives: more job hopping, but less opportunities for elder senior managers.
- Live video streaming hosts on Taobao are making great fortune: 60 percent of them are post 90 generation, and 8 out of 10 are female.
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