The Rundown Rundown: Amazon workers strike in Europe, and more news around the world
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The Rundown Rundown: Amazon workers strike in Europe, 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. The news team creates this digest for internal use; is this something you're interested in seeing? Let us know in the comments.

In reverse chronological order…

MEXICO: IMF cuts Mexico’s growth forecast for 2019, Mexico will defend its position against US at the WTO, and other top news

  • IMF cut Mexico’s 2019 growth forecast to 2.7%.
  • Mexico will defend its position against the United States at the World Trade Organization. The US launched five WTO dispute actions that challenge retaliatory tariffs from Canada, China, the European Union, Mexico and Turkey.
  • Walmart Mexico will start selling LP gas.
  • The Mexican peso started the week on a high gaining strength, thanks to the US dollar’s global weakness.
  • Mexican fans spent the second largest sum of money — after the Russians — at the World Cup during the group stage, according to a Visa report.

BRAZIL: Michel Temer anticipates half the 13th salary retirees, Brazil fails to create 80% of the planned jobs, and more top news

  • Government issued a decree to anticipate half of the 13th salary of retirees.
  • Brazil failed to create 80% of the jobs planned at the beginning of the year.
  • Prices in supermarkets hit highest monthly high in history: 3,55%.
  • Santander, Caixa and Banco do Brasil are the most complained-about banks in Brazil, according to the Central Bank.
  • Brazil has the most expensive Big Mac in the world, according to The Economist's Big Mac Index.

U.S.: Amazon's Prime Day problems, WeWork ditches meat, and more top news

  • The start of Amazon’s Prime Day was plagued by problems as customers struggled to access the retailer’s website.
  • WeWork says it’s nixing serving red meat, poultry or pork at company events and will no longer reimburse employees for meals that include meat.
  • The number of people signing up for Netflix in the second quarter of 2018 fell short of estimates.
  • Boeing and Airbus have landed $43 billion worth of airliner orders, with single-aisle planes dominating the deals.
  • Russian President Putin has denied that his government interfered in American elections and pledged to look into charges by the U.S. Department of Justice against Russian military officers.

And here’s the video version.

CANADA: US files complaint against retaliatory tariffs, Amazon’s Prime Day problems, and more top news

  • U.S. President Trump’s administration has filed a WTO complaint against Canada’s retaliatory tariffs on American products.

FRANCE: Next Air France CEO may get a huge salary increase, 5G to arrive in France by 2020, and more top news

  • Next Air France-KLM CEO may get a salary increase of 300%.
  • 5G technology may arrive in France by 2020.
  • French anti-trust authority to probe supermarket purchasing alliances.
  • France’s World Cup victory will have a big impact on French football business.
  • Ximiti automated mini grocery stores with no human workers to spread in France.

DACH: Deutsche Bank reports surprising profit, company pension funds are running out of money, and more top news

  • Deutsche Bank was able to turn a profit in Q2.
  • 130,000 company pensions are in danger of being cut, as pensions funds are running out of money.
  • The chairman of Thyssenkrupp has resigned, just days after the CEO of the company left as well. The reason for the crisis: Pressure from shareholders.
  • Rising rents are discouraging people from moving and making cities like Munich less attractive to corporates and professionals.
  • Chinese companies are investing in Europe, with a strong focus on Germany: 10 out of 15 billion Euros in the first half of 2018 went into German acquisitions and investments.

U.K.:  AI to 'create more jobs than it costs', UK wage growth slows, and more top news

  • Artificial intelligence will ultimately create more jobs for human workers than it costs.
  • Wages in the UK rose by just 2.5% between March and May 2018.
  • EU immigration to the UK has fallen to a five-year low.
  • More than a million over 50’s are being locked out of the workplace.
  • The IMF has downgraded its growth forecasts for the UK.

EUROPE: Airbnb breaks EU laws, Amazon workers strike, and more top news

  • The European Commission says Airbnb is in breach of EU consumer laws and has until August to make changes or face action from national regulators.
  • Amazon workers are striking in Spain, Germany and Poland, coinciding with the site’s 36-hour Prime Day.
  • The chairman of Thyssenkrupp has resigned, just two weeks after its CEO quit.
  • Three of France’s biggest broadcasters are joining forces to take on Netflix and preserve the country’s “exception culturelle”.
  • A new BBC study shows Europe is the largest fitness market in the world.

INDIA: Elderly parents can reclaim gifted property, no second chances for US visa, and more top news

  • Elderly parents can take back property gifted to their son if they are mistreated, the Bombay High Court has ruled.  
  • Starting September 11, US immigration officials can outright reject a visa application if the “initial evidence” is incomplete. That means employers are less likely to get a second chance to provide additional documents to strengthen a candidate's eligibility.  
  • Rising inflation is a key risk for Indian equities, according to a Morgan Stanley report.  
  • Hindustan Unilever reported a net profit of ?1,529 crore for April-June 2018, up 19% year on year.
  • Jeff Bezos' net worth crossed $150 billion on Monday, making him the richest man in modern history. The Amazon founder is also now ahead of Microsoft's Bill Gates in inflation-adjusted terms.

AUSTRALIA: Domino’s boss tops pay list, super accounts worse than the cash rate, and more top news

  • Domino's Pizza boss Don Meij has become Australia's highest paid chief executive, earning $36.84m last year.
  • Millions of super accounts have delivered annual returns less than the cash rate.
  • Amazon’s first Australian Prime day sale is on, but responses haven’t matched international excitement.
  • Westpac’s decision to stop offering home loans to self-managed super funds is making the market ‘jittery’.
  • Dynamic movie ticket pricing startup Choovie is turning to crowdfunding instead of big investors.

JAPAN: Heatwave hits Japan, mobile operators are reviewing “two-year tie,” and more top news

  • 5 dead, more than 2000 taken to hospitals as heat wave covers Japan.
  • Mobile operators to cut ‘leaving fees’ after ministry’s fairness warning.
  • Mitsubishi Heavy Industry progresses on regional jet testing.
  • Teenage cyber crime increasing rapidly in Japan, according to the National Police Agency.
  • A record 538 executives at listed firms earned at least ¥100 million for the fiscal year ending March 2018.

CHINA: BYD trapped in ad contract frauds, Didi separates car service business, and more top news

  • Chinese carmaker BYD said it was duped by a person posing as an employee who signed unauthorized contracts with advertising partners, including a deal with Arsenal, a soccer club in London.
  • Didi Chuxing will separate its car service business in the preparation for a potential IPO, according to media reports.
  • Chinese oven maker Vatti, which promised product refunds if France won the World Cup, must pay up to $11.8 million in refunds. The company has, however, achieved substantial marketing payoff.
  • Shares of BGI, a genome sequencing center, plummeted after media reports revealed a case in which a new mom who did genetic test with BGI gave birth to a baby with a gene defect.
  • Chinese E-commerce giant JD.com announced it will implement a rotating CEO system from now on.

LinkedIn Editors

Babar shaneel

Student at gorment college of ticnaology rasul

6 年

Wonderful idea

回复
Véronique Vitry

Professeur/ Professor at UMONS - Conseillère pour l'Internationalisation at Home - Présidente at A3TS

6 年

Great idea!

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