A gloomy outlook for global trade, 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.: Homes are still not selling; this is what tariffs could mean for you, and more top news
- Neither falling mortgage rates nor limited supply are helping the housing market, with sales of existing U.S. homes dropping 0.4% in April from March and 4.4% from a year earlier.
- Americans stand to lose money if the U.S. moves forward with its proposal to slap 25% tariffs on all Chinese imports.
- Self-driving USPS trucks will be hurtling down the highway between Phoenix and Dallas this week.
- Two deadly airplane crashes and questions about airline-safety reviews are not expected to keep people away from their summer vacations this year.
- San Francisco may be the best place to make a living, per an annual Deutsche Bank analysis.
CANADA: Canada to strengthen data privacy, OECD delivers dire outlook on global trade, and more top news
- Ottawa wants to curb “the growing power of Silicon Valley tech giants” by introducing fines for companies that violate Canadian privacy laws, says The Globe and Mail.
- Trade disputes between the U.S. and major trade partners resulting in higher duties is set to cut business investment expansion by half this year and next — to 1.75%, said the OECD.
- Shake Shack announced the opening of its first restaurant in Mexico City.
- President Lopez Obrador said that Pemex will be self-sufficient by 2021.
- El Salvador rejected Slim's bid for Telefonica unit.
- The Mexican peso hit its best level in two weeks.
- Mexican tomato farmers decided to sue the United States for tariffs on tomato imports.
- With debt renegotiation, Caixa tries to recover R$ 4 billion.
- House of Representatives approves free baggage return on flights.
- Scania will invest R$ 1.4 billion in a Brazilian factory.
- Due to hacking on Alexa, Justice condemns Amazon in Brazil.
- 278,000 Brazilians renegotiated their debt in December.
- Prime Minister Theresa May is offering members of Parliament a vote on whether to have another Brexit referendum if they support her EU Withdrawal Agreement Bill.
- Turkish Airlines says it expects compensation from Boeing over losses sustained from the grounding of the 737 Max jets.
- Jamie Oliver's restaurant chain has collapsed into administration with 1,000 jobs lost.
- Urban Outfitters is launching a new business that will allow customers to rent its clothes.
- Our brains begin to shrink by the time we hit our 20s, diminishing our ability to learn new things and slowing our reaction times.
- Prime Minister Theresa May is offering members of Parliament a vote on whether to have another Brexit referendum, if they support her EU Withdrawal Agreement Bill.
- Jamie Oliver has said he is “devastated” after his restaurant chain collapsed into administration with 1,000 jobs lost.
- The personal information of 4,545 TalkTalk customers whose details were stolen in a 2015 data breach has been found online.
- Tesco Bank is pulling out of the mortgage market.
- Our brains begin to shrink by the time we hit our 20s, diminishing our ability to learn new things and slowing our reaction times.
FRANCE: The growing concern about global growth, are vocal assistants sexist?, and more top news
- OECD cuts global growth forecast as tensions between the US and China increase.
- Vocal assistants like Alexa and Google home reinforce gender bias, according to Unesco.
- France is the second largest contributor to the European budget.
- Will France and the US fight over the coming tax on tech giants?
- Game of Thrones is generating $1 billion in sales.
DACH: Is a tax on coffee cups coming soon?; colleagues can be harmful to your health; and more top news
- Will we pay a tax on disposable cups in the future?
- Colleagues can be harmful to your health.
- Turning point at Daimler.
- Macron proposes EU-wide kerosene tax.
- Ordered at Amazon, picked up at the store.
INDIA: Flipkart's brick-and-mortar plan, Snapdeal set to buy ShopClues, and more top news
- Snapdeal is close to acquiring rival ShopClues, Economic Times reports.
- Flipkart could be heading offline.
- Conmen are on the prowl as jobseekers navigate a turbulent market, Times of India reports, citing experts.
- The fair trade watchdog is probing allegations of anti-competitive practices by Maruti Suzuki, Reuters reports.
- Your health cover may soon become a lot more comprehensive.
- The number of Infosys executives earning more than ?1 crore jumped to 64 in FY19 from 28 in the previous year, Times of India reports.
AUSTRALIA: Union threatens ‘industrial chaos’, a sawmill worker’s landmark legal victory, and more top news
- The Transport Workers Union is threatening to unleash "industrial chaos", with a coordinated strike involving 38,000 workers.
- A sawmill worker won a landmark legal victory, after refusing to give his fingerprints to his employer as part of a new work sign-in process.
- Westpac has called in the lawyers, to scrutinise the work done by artificial intelligence compliance software.
- Mortgage brokers are “energised” after the Labor party lost Australia’s recent election, despite months of polling which predicted it would take power.
- UK Prime Minister Theresa May is offering members of Parliament a vote on whether to have another Brexit referendum.
- Mitsubishi UFJ Bank to scrap additional 80 outlets in a bid to cut costs.
- Environment Ministry launched a project to encourage male businessmen to use parasols so as to ease scorching heat in summer.
- After being hit by a scandal last year over gender discrimination in admissions, Tokyo Medical University announced this year’s ratio of accepted female applicants was almost equal to that of male applicants.
- Education ministry requested organizations in Japan to end reversal of Japanese names in foreign languages.
- Tokyo DisneySea revealed eighth themed area named “Fantasy Springs.”
- Huawei’s semiconductor subsidiary Hisilicon increases headcounts after U.S. ban.
- Shanghai takes four seats in the top five most expensive neighborhoods in China.
- China Eastern Airlines asks Boeing for compensation over 737 MAX grounding.
- Total value of snack industry in China reaches 200 billion yuan.
- Total charitable donations decreased by 3% in the past year.
Power, gas, & environmentals trading | Nodal Exchange
5 年#Steel futures have been crushed at CME as have futures on #copper and #lumber. These are prime indicators for the economy going forward and it paints a poor picture.