Mexican economy slows down, 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.: Tesla's CFO steps down (again), Super Bowl commercials add up, and more top news
- In the latest in a string of executive departures for Tesla, CFO Deepak Ahuja is retiring — for the second time.
- Super Bowl host network CBS is charging a record $5.25 million for a 30-second ad during this year's game.
- Foxconn is backpedaling on plans to make flat screen panels in Wisconsin — a 2017 pledge touted by President Trump and backed by state subsidies to create 13,000 jobs.
- In spite recent controversies, Facebook has posted a record quarterly profit, demonstrating that advertisers continue to be drawn to the social media giant.
- As temperatures fell to as low as minus 77 degrees Fahrenheit in parts of the Midwest, states of emergency were declared in Wisconsin, Michigan and Illinois.
CANADA: Alberta winds back oil limits, Goldcorp CEO to depart post-merger, and more top news
- Oil production limits announced by Alberta Premier Rachel Notley in December are being wound back following warnings from producers that the measure would lead to job losses.
- Goldcorp chief executive David Garofalo will step down from the Vancouver-based company once it completes its merger with Colorado-based Newmont Mining.
- Mexico economy slowed down in the last quarter of 2018.
- Beat mobility app will launch operations in Mexico City to beat Uber and DiDi.
- Costa Rica competition regulator rejected Walmart de Mexico store purchase plan.
- The downgrade of Pemex credit rating affected Mexico's peso performance against the U.S. dollar.
- Mexicans spend 19% of their wage on transportation, according to Mexican Institute for Competitiveness.
- New post office service allows to buy from the United States and receive in Brazil.
- In a year of reputation crisis, Facebook hits profit record.
- Yellow announces merger with Mexican mobility startup.
- Real estate credit grows again and hits R$ 117 billion in 2018.
- Aliquotas fall, and China is buying sugar from Brazil once again.
EUROPE: VW holds on to sales crown, EU rejects Brexit renegotiations, and more top news
- Volkswagen has narrowly held on to the title of world’s number-one automaker for the fifth year running
- European Commission President Jean-Claude Juncker says the EU is not open to Brexit renegotiations.
- Airbus has reported a data breach. The European plane manufacturer says it detected a cyber attack on its information systems.
- Danish Crown is set to cut up to 400 jobs.
- So who really invented Champagne? According to the head of one of France’s most prestigious Champagne houses, it was the English.
U.K.: Barclays to move ￡170bn to Dublin, only 5% of Brits assume a doctor is a woman, and more top news
- Barclays is to move ￡170bn to Dublin because it "cannot wait any longer" to implement its Brexit contingency plan.
- Only 5% of Brits assume a doctor is a woman when they hear the job title, despite almost half of the UK’s fully-licensed doctors being female, according to new research from LinkedIn.
- Cosmetics group Avon is to cut 2,300 jobs, amid plans to reduce its global workforce by a tenth this year.
- The Co-op has announced plans to open new food stores and funeral homes this year.
- So who really invented Champagne? According to the head of one of France’s most prestigious Champagne houses, it was the English.
FRANCE: Renault-Nissan-Mitsubishi is still number one, Facebook reports record profits, and more top news
- Renault-Nissan-Mitsubishi alliance is still the world’s top automaker with 10.76 millions cars sold in 2018.
- Facebook profits increased by 61% at $6.88 billion in the 4th quarter despite a year of scandals.
- French economic growth decreased from 2.3% in 2017 to 1.5% in 2018 due to a slowdown in consumption and private investment, and the rise of international tensions.
- French public investment bank Bpifrance will invest €800 million over 5 years to make France a leading country in deep tech.
- Telecom company Altice acquired over-the-top live television app Molotov to make it the “Spotify of the TV”.
- Automotive supplier Bosch plans to invest heavily in autonomous driving and announces to employ thousands of software and AI experts within years.
- The 160 biggest quoted German companies will pay 52.4 billion euros in dividends this year, a report finds.
- One in three jobless persons cannot regularly afford a full meal, a study finds.
- Retailer Otto announces plans to open a logistics center in Gie?en worth 300 million euros.
- Navigation app Google Maps is considering warning its users of radar traps – and might thus become illegal to use in Germany.
INDIA: Chanda Kochhar fired by ICICI Bank, unemployment at 45-year high, and more top news
- ICICI Bank has sacked Chanda Kochhar with retrospective effect and revoked her stock options currently valued around ?346 crore.
- India’s unemployment rate is at a 45-year high, according to a controversial government report yet to be published.
- Uber will now block errant passengers not conforming to its community guidelines.
- The government has slashed the customs duty on electric vehicle parts to 10-15% from 15-20% earlier.
- Facebook has posted a record quarterly profit, showing that advertisers continue to be drawn to the social media giant.
AUSTRALIA: Telstra’s global talent search, Picasso part of $1B donations drive, and more top news
- Telstra’s CEO expects to look overseas for skilled staff.
- A Picasso painting helped Sydney University secure $1B in donations.
- Australia’s corruption score got worse in an annual survey.
- Lawyers have criticised a culture of excessive workloads
- Apple saw its first quarterly decline in revenue and profit in more than a decade
- About 70 percent of companies in Japan say it’s difficult to draw a line between power harassment and coaching at workplace, according to a survey by mental health care company Advantage Risk Management.
- Chubu airport announced to start “world’s first” trial of facial recognition system to decrease departure delays.
- Rakuten CEO Hiroshi Mikitani announced they will reconsider a delivery fee system for its online shopping service. It may offer a free-shipping service for a certain amount of spending at its platform in order to compete with Amazon.
- About 90 percent of companies feel they are suffering from labor shortage, according to a survey by staffing agency En Japan. The shortage is especially serious at sales departments.
- Family Mart announced it will stop selling Muji goods at its convenience stores due to declining sales of Muji products.
CHINA: Didi plans to layoff a quarter of staff, Geely keen to buy Alfa Romeo & Maserati, and more top news
- Didi Chuxing plans to lay off 25 percent of staff.
- Geely is seeking to buy FCA’s Alfa Romeo & Maserati.
- iPhone price is to be reduced in many countries.
- The average age of Chinese home buyer is younger than 30.
- 60 percent of Chinese professionals didn’t meet the 10k yuan threshold for annual bonus.