No minimum wage hikes in France next 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.: Gender wage gap widens; CVS completes Aetna acquisition, and more top news
- The typical earnings for U.S. women equal 51% of what men make over a 15 year period.
- CVS has completed its acquisition of the health insurance giant Aetna.
- Ikea’s profits have fallen by more than a third.
- Between 10% and 14% of nurses who began their careers between 2006 and 2016 have second jobs, according to new research from NYU.
- New Zealand’s intelligence agency has banned Huawei from providing gear to a local carrier’s 5G mobile network.
CANADA: Alberta to help move more oil by rail, Ikea profits fall by a third, and more top news
- Alberta will purchase rail cars in early 2019 in order to move more oil out of the province.
MEXICO: Mexico's central bank cuts growth forecast, 9 out of 10 Mexicans buy online , and more top news
- Central bank cut Mexico's growth forecast for 2018 and 2019.
- According to a report by Nielsen, 9 out of 10 Mexicans buy online.
- Corona ranked sixth among the world's most valuable beer brand, according to the Brand Finance Beers 25 report.
- Unemployment rate slowed down in Mexico during October.
- Uber launched new features for the Mexican market.
- Less than 10% of those enrolled in the "Mais Médicos" program, which allocates doctors to smaller cities in the country, presented themselves to work.
- Due to budget deficit, Brazil gives up hosting COP 25 climate conference.
- Central Bank changes rule for use of credit card abroad: exchange rate of the day of purchase will be considered at the time of payment.
- Correios expects to raise R$ 380 million from real estate sales.
- Procon, a Brazilian consumer protection agency, fined 122 companies for irregularities during the Black Friday.
EUROPE: GSK negotiates a deal with Unilever, UK and Holland fine Uber for a data breach, and more top news
- GlaxoSmithKline is negotiating the sale of its $4 billion nutrition business to Unilever, reports the Financial Times.
- Uber has been fined by British and Dutch data protection regulators.
- PayPal’s £1.7 billion takeover of Swedish payments firm iZettle could hamper competition and push up prices.
- Ireland and Malta will close a tax loophole that allows U.S. multinational corporations to dodge tax by channeling cash through Malta.
- Slovenia has become the only Nato country with a woman in charge of the military.
U.K.: UK will be poorer under 'any form of Brexit' , Google and Facebook fuel UK ad boom, and more top news
- The UK will be poorer economically under any form of Brexit, according to new government analysis.
- Spending on advertising in the UK is set to pass £20bn for first time next year, fuelled by digital giants such as Google and Facebook.
- One in five freelancers are considering quitting because they cannot get a mortgage.
- The owner of Frankie & Benny’s will acquire Wagamama in a £550m deal, despite fierce opposition from shareholders.
- A person needs to work 80-100 hours per week to “change the world,” Elon Musk tweeted this week.
FRANCE: No rise for the minimum wage in 2019, France is a tax champion, and more top news
- French Prime Minister Edouard Philippe said government won’t increase the minimum wage in France in 2019.
- France recorded the highest level of taxes in Europe in 2017.
- World leader in tubular solutions for the energy markets Vallourec could cut 1,200 jobs in France to reduce its costs.
- No-deal Brexit could cut UK GDP by 9.3% within the next 15 years.
- 67% of managers in retail say they’re struggling to hire, according to an LSA-LinkedIn survey.
- Germany’s largest tech trade show, Cebit, is discontinued after 33 years.
- Climate researchers want to artifcially slow down climate change.
- Most German workers want to reduce their hours to 35 per week – even if it’d mean less money.
- Brexit will hurt the UK economy – even in a best case scenario.
- Youtube users are watching more and more longer videos.
INDIA: Government cuts UPA-era growth figures, life covers may get cheaper, and more top news
- The government has pared the country's economic growth rate during the Congress-led UPA regime.
- Life insurance policies are likely to get cheaper but health covers may become costlier, Times of India reports.
- Sterlite may have a chance at reopening its Tuticorin copper plant.
- Etihad may pip Tata Sons to the pilot’s seat at Jet Airways, Business Standard reports.
- TCS has reclaimed the crown of India’s most valued company from Reliance Industries.
- A California jury has cleared TCS of anti-American bias, after four former US employees sued the software services firm for “hiring bias”.
AUSTRALIA: Afterpay-style debts hit $903m, Reserve Bank bribery revealed, and more top news
- Australian customers collectively owe $903m in buy now, pay later debts.
- Two Reserve Bank of Australia subsidiaries have been fined more that $21m for offering bribes.
- Workforce management startup Deputy has raised $111m in funding, making it the biggest Series B round in Australian history.
- Australia’s first coworking hotel is opening next month and its Singapore-based owners are looking for more sites.
- NZ will pay back 2m account owners unfairly charged for services, chief executive Shayne Elliott told the Banking Royal Commission.
- In reaction to Chinese scientists’ claim of producing gene-edited babies, a government panel of scientists decided to give the go-ahead to fundamental research of human gene editing but banned actually creating gene-edited babies.
- Cosmetics giant Kao developed a ultra-thin artificial skin technology that can be applied to produce next-generation skincare and makeup products.
- Going to “Bonenkai” (drinking party at the end of the year) with bosses is waste of money and time, say respondents of a survey conducted by online job board website Career Connection
- Japanese distillers are suffering from serious shortage of supply of made-in-Japan whisky as demand goes up rapidly in the recent “Highball” boom
- Tokyo Disney Resort operator Oriental Land to open Toy Story-themed hotel in 2021
CHINA: Scientist talks about the gene-edited baby, New Zealand bans Huawei, and more top news
- The scientist of the gene-edited baby responds to public’s questions amid criticism.
- New Zealand banned Huawei’s from providing gear to a local carrier’s 5G mobile network.
- Didi’s Carpooling service face infinite suspension by the transportation department.
- Evergrande is said to have took control of its Chinese joint venture with Faraday Future.
- Xiaomi got affected after the singer of a concert Xiaomi sponsored has been found on drug charges.
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