The Rundown Rundown: Brazilians are quitting the job hunt, 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.
U.S.: EpiPen gets a major new rival, Kroger tests driverless deliveries, and more top news
- Teva Pharmaceuticals won regulatory approval from the FDA for the first generic competitor to Mylan’s EpiPen.
- Supermarket giant Kroger and autonomous vehicle startup Nuro are teaming up to test driverless grocery delivery in Arizona.
- The SEC subpoenaed one of Tesla’s parts suppliers last year over claims the electric car maker misled investors about its Model 3 production problems, reports The Wall Street Journal.
- Medical school for free? That’s what New York University is offering going forward.
- “Queen of Soul” Aretha Franklin died at her home in Detroit on Thursday at the age of 76.
CANADA: Tesla hits back at Ontario government, Bell partners with Vice Media, and more top news
- Tesla Motors Canada is taking the Ontario government to court, alleging that “it’s been treated unfairly” in light of its rebate program’s cancellation.
- Bell Media has announced a deal with Vice Media, which will enable Bell to air Vice programs, including new shows airing in the U.S.
- “Everybody has got to show flexibility,” said Mexican Economy Minister Ildefonso Guajardo suggesting there was still work to be done before agreement over NAFTA could be reached.
- Wal Mart de Mexico, Mexico’s biggest retailer, said that it will open gas stations alongside its domestic stores. The “first phase” includes six sites in four states.
- UberEats to accept cash payments in Mexico City.
- Mexico's Coca-Cola FEMSA, the world’s largest coke bottler, will sell its 51 pct stake in Coca-Cola Co’s Philippine bottling unit.
- Honda and Volkswagen recall in Mexico affected 11 models due to injury hazards.
- Number of Brazilians who gave up looking for a job hits all-time high: 4. 833 million.
- Justice accepts request for receivership of Grupo Abril.
- Retail sales grow 1.8% in July compared to the same month last year.
- Correios (the Brazilian mail service) had a net income of R $ 111 million in the second quarter, the best result since 2014.
- Uber to invest R$ 250 million in a technological development center in Brazil.
EUROPE: Should cities limit Uber numbers? €5bn wiped off Italy’s Atlantia, and more top news
- London’s mayor wants to impose a cap on Uber drivers so residents can “breathe better air and live in a less congested city”.
- Shares in Atlantia slumped 22% after the Italian government said Autostrade was to blame for the bridge collapse in Genoa.
- Turkey’s finance minister has pledged to protect banks and cut back on public spending.
- Social media stars are under investigation over claims they are not clearly stating when they are being paid to post.
- Greece is suffering from a brain drain. Since 2010, between 350,000 and 400,000 Greeks have emigrated, two-thirds of whom are university graduates.
- House of Fraser will cancel thousands of online orders and refund customers after a row with its warehouse supplier over unpaid bills.
- Britain’s advertising watchdog has launched an investigation into social media influencers who use their millions-strong followings to sell products.
- Sales of fans, barbecues and paddling pools helped Kingfisher, the owner of B&Q, reach 3.6% growth in the second quarter of 2018.
- Researchers have called for the robotics industry to build in more safeguards after finding that children tended to trust robots without question.
- Debenhams plans to slash 200 head office jobs in a cost-cutting drive that follows weak performance over the Christmas shopping period.
- Only 3 French universities rank among the world's top 100, according to the Shanghai ranking.
- 216.000 mutually agreed terminations (which allow the employer and the employee to terminate the employment contract by a mutual agreement) have been signed in France since January.
- By 2030, thanks to a global talent shortage, you’ll get a pay rise of €6.833 per year.
- Burberry destroys €31 millions of stock in 2017 to guard against counterfeits.
- Big Data in cars could be a $750 billion business by 2030, according to a McKinsey survey.
- Plans for an Immigration Act by German Secretary of the Interior are received well by German Economy. The plans are supposed to regulate the skills gap and are focused on migrants with vocational training, not just academics.
- Every fourth long-distance train was delayed in July, with Deutsche Bahn holding the heat wave and other external factors responsible.
- Deliveroo is exiting ten cities, focusing only on a handful of big cities in Germany.
- More companies are issuing profit warnings, a sign for insecurity due to the trade war.
- Pfizer invests in Biontech, a biotech company from Mayence, planning cooperation to develop vaccines for prevention of Influenza.
INDIA: Kerala flood toll jumps to 324, Remembering Atal Bihari Vajpayee, and more top news
- Kerala’s devastating floods have killed 324 and displaced 200,000 people.
- Former Prime Minister Atal Bihari Vajpayee has passed away at 93.
- The insurance regulator has notified insurers to cover medical treatment for mental illnesses too.
- Rupee at 70: Mobile phone prices are likely to rise in the upcoming festive season as imports become expensive.
- This millimeter-size robot could one day conduct surgery inside your body.
AUSTRALIA: Jennifer Hawkins leaves Myer, Stock Exchange to adopt blockchain, and more top news
- Jennifer Hawkins is ending her 12-year relationship with Myer.
- The Australian Stock Exchange is promoting blockchain technology to save hundreds of millions of dollars.
- The Federal Court ruled a casual truck driver should get annual leave because he was treated like a full-time staffer.
- Australia’s unemployment rate has fallen to a near-record of 5.3%.
- Uber is facing pressure from investors who think its self-driving unit should be divested, reports The Information.
- Japan and Saudi Arabia aim to deepen their national strategic alliance through a friendly e-sports match.
- LINE to set up venture fund to seek blockchain technology startups in southeast Asia.
- Startup's raising capital hit the record of 173 billion yen in 2nd half of 2018 according to Japan Venture Research.
- K-opticom and NTT Docomo leaked privacy information due to password-list attack from hackers.
- 55% of professionals would prefer reading books in print rather than electric, survey says.
CHINA: Redcore replied to alleged plagiarism, IKEA launched online shopping mini-app, and more top news
- Redcore, a Chinese start-up that made an Internet browser it claims can break the “monopoly” of U.S. software, has been found to be using the core of Google’s Chrome browser.
- IKEA launched its first online shopping mini-app on WeChat platform, partnering with Tencent. IKEA is seeking a digital transformation, especially in China.
- Alibaba has signed an agreement with the city of Shanghai to bring the concept of “smart city” to reality.
- Meituan-dianping, the food-delivery giant, is seeking a listing hearing and approval next week, aiming to collect $6 billion in a Hong Kong IPO.
- Major cities in China are particularly dynamic around 11 o’clock in the evening, according to a report by Alibaba that looks into Alipay’s payment data.