The next Rodeo Drive is in Sydney, 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.: Uber unveils a new incentive to keep you; US prices continue to rise, and more top news
- Uber is rolling out a frequent flyer-style reward program that allows riders to accumulate perks, thus encouraging customers not to use rivals such as Lyft.
- Inflation continues to gain traction, with consumer prices, excluding energy and food, rising 0.2% in October from September — the fastest pace in three months.
- E-scooter startup Lime is launching a car-sharing service in Seattle.
- Levi Strauss & Co is planning an initial public offering valued upwards of $5 billion, reports CNBC.
- Denver International Airport has been rated the best airport in the U.S., according to The Wall Street Journal’s U.S. Airport Rankings list.
CANADA: Ontario pot growers await final instructions, Uber unveils loyalty program, and more top news
- Ontario’s Ministry of the Attorney-General says that cannabis retailers in the province can operate as many as 75 stores.
MEXICO: Mexico fines global banks, Aeromexico to lay off 200 people, and more top news
- Mexico’s securities regulator has fined top banks, traders and brokers for simulating bond trades to pump up volumes.
- As a consequence of the rise of oil prices and the weakening of the peso against the U.S. dollar, airline company Aeromexico will lay off 200 employees.
- Only 27% of Mexican businessmen will increase investments with the new North America Trade Deal, according to a study conducted by PwC.
- Foreign Direct Investment in Mexico dropped 28% in the third quarter, according to data released by the Finance Secretary.
- Kia tops the list for most reliable car brand in Mexico.
- According to the Brazilian Institute of Geography and Statistics, 3.1 million have been seeking a vacancy for two years.
- Ministry of Health launched a public notice to convene doctors who want to fill vacancies to be left by Cuban doctors from the Mais Médicos program.
- Caixa Econ?mica Federal has a record profit from January to September.
- Cesário Nakamura, director of Banco Bradesco, takes the chairmanship of Alelo.
- Uber’s revenue growth slows sharply in third quarter.
EUROPE: Brexit deal gets Cabinet approval, Greek workers strike over pay, and more top news
- Cabinet ministers have backed a draft EU withdrawal agreement, bringing the UK one step closer to a soft Brexit on March 29.
- Greek civil servants went on strike yesterday over pay and pensions.
- Ikea is set to invest €5.8 billion in real estate developments over the next three years, reports The Financial Times.
- Europe has four out of 10 of the most expensive rental retail shopping strips in the world, according to a global survey.
- More than 280 Air France passengers were stranded in Siberia for three days this week.
- Brexit Secretary Dominic Raab has resigned from Theresa May's cabinet, arguing that he cannot support the prime minister's deal to leave the European Union.
- Outcry over a Iceland's Christmas advert is based on a “misunderstanding”, according to the agency alleged to have banned it.
- The NHS faces a shortage of more than 350,000 staff in the next decade, three leading health think-tanks have warned.
- Mike Ashley’s Sports Direct has announced the closure of a further four House of Fraser department stores.
- Deliveroo riders have been denied their human right to collective bargaining, the High Court in London has heard.
FRANCE: Free is still losing clients, UK Brexit minister resigns, and more top news
- Telecom operator Free is losing clients due to a more aggressive competition in France.
- UK Brexit minister Dominic Raab resigns to protest the draft EU exit agreement validated by the Theresa May government.
- 60% of French managers are thinking of resigning to obtain more professional opportunities and increase their salary.
- The Rungis International Market is thinking about partnering with Alibaba to increase its online offer.
- Members of the EU Parliament voted on amendments to reduce CO2 emissions from new trucks by 35%.
- Germany’s Federal Supreme Court has strengthened rights of tenants. They may not lose their privilege of life estate.
- The UK Cabinet has endorsed the draft Brexit agreement, making it more likely that Britain will leave the UK in a regulated fashion.
- Italy sticks to its guns in the budget dispute with the EU Commission about new debt.
- Children of less affluent parents are less healthy and more likely to be obese, a study finds.
- The EU parliament has approved legislation to lower fees for calls and text messages within the EU.
INDIA: Maruti Gypsy drives into sunset, Vistara may fly Jet Airways out of trouble, and more top news
- Maruti Suzuki will stop producing the iconic Gypsy in March 2019, and dealers will stop accepting orders from next month, NDTV’s CarAndBike reports.
- Jet Airways is likely to merge with Vistara and Naresh Goyal may exit the new airline completely, Economic Times reports.
- Gautam Singhania has stepped down as chairman of Raymond Apparel.
- India’s well-heeled millennials invest more and diversify better than those who earn less, a YouGov-Mint survey shows.
- The Income Tax department has issued notices to around 400 individuals whose names are featured in the Panama Papers leak, Economic Times reports.
- India’s air-conditioner market is set to explode: the country will have more than 1 billion room AC units by 2050, up from just 26.3 million in 2016, according to US-based Rocky Mountain Institute.
AUSTRALIA: Sydney’s Pitt Street is more expensive than Rodeo Drive, wages are up, and more top news
- Sydney's Pitt Street Mall has more expensive shop rent than Rodeo Drive in Beverly Hills according to a global survey.
- Wages are growing at the fastest rate in three years.
- It’s Australia’s first Christmas with Amazon in the mix and retailers are downplaying the threat.
- Caltex is turning part of its service station into a car sales yard in an attempt to diversify as fuel demand drops.
- There’s a new boom of FIFO mining jobs on offer but the salaries aren’t as high as previous years.
- Scandal-hit Suruga Bank announces 98.6 billion yen net loss.
- Corporate workers said they are not happy with reduced work hours because they can receive less overtime pay, according to a survey conducted by Meitec.
- YouTube launched ad-free “YouTube Premium” in Japan for 1,180 yen per month.
- Japan’s GDP shrank 1.2% in the third quarter due to natural disasters.
- Electronics retailer Edion will open a computer programming school in Japan.
CHINA: Shanghai considers bid to host 2032 Olympics? Renren.com is sold for $20M, and more top news
- Shanghai is exploring the possibilities of hosting 2032 Summer Olympics Games, according to a government document.
- Renren.com, ‘Facebook of China’, is selling its social networking business for $20 million.
- Intel announced a new plan to develop AI in China.
- Qudian, an NYSE-listed Chinese P2P lending platform, was said to force its employees to relocate to Xiamen from its no longer existing Beijing headquarter.
- Baidu invested $300 million in Xinchao Media, a company that runs offline ads in public areas.