The Rundown Rundown: China admonishes Huawei ban in Australia, 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.: Grocery giant Kroger is ditching plastic bags, 'LOL' on your liquid soap, and more top news
- Kroger plans to eliminate single-use plastic bags at its checkouts by 2025.
- Procter & Gamble is trying to trademark social media slang to attract young consumers, reports Bloomberg.
- Private equity firms are investing in primary care providers, betting that employers will look to them to control health care costs.
- The SEC says it will review nine proposed bitcoin ETFs that the body rejected on Wednesday.
- After a week of power struggles, Scott Morrison will become Australia’s sixth prime minister in 11 years.
- The Supreme Court refused to hear an appeal from the Toronto Real Estate Board in its fight with the Competition Bureau.
- The Economic Commission for Latin America and the Caribbean (ECLAC) predicted a lower than expected economic growth for Mexico, slashing its forecast for the country by 0.1 point to 2.2 percent.
- Fiat Chrysler and VW recall in Mexico affected more than 120,000 cars due to injury hazards.
- Mérida, in Yucatán, is the best city to live in Mexico, according to a survey by the Gabinete de Comunicación Estratégica.
- The beer industry in Mexico grew 13% in the first half of the year.
- Mexican minister said NAFTA talks set to continue into next week.
- Venezuela may cut power supply to Roraima in September.
- Norwegian Air wants to operate flights within Brazil.
- The Brazilian Development Bank sees potential to multiply investments in the rail sector.
- Brazilian e-commerce grows 31% in the first half of 2018.
- Additional benefit for retirees will cost R $ 3.5 billion to Social Security.
EUROPE: What to do if there’s a no-deal Brexit, Ryanair strikes deal with pilots, and more top news
- The UK government has released its first set of guidelines on what to do if there’s a no-deal Brexit.
- Ryanair has reached an agreement with its striking pilots after a mammoth 22-hour negotiations session.
- British Airways and Air France will no longer fly to Iran.
- Monsanto is now facing 8,000 lawsuits over its glyphosate-based weedkillers.
- Nuisance calls have become a “daily torment” for some, with 73% of people in the UK receiving at least one unsolicited sales and marketing call in the past month.
- Ryanair will start charging passengers for bringing small ‘wheelie’ suitcases onto its planes from November.
- Facebook has warned four million users that have used a University of Cambridge quiz that their data “may have been misused”.
- British businesses have been told to consider hiring their own customs agents in the event that the UK leaves the European Union with no deal.
- British Airways has announced that it will no longer fly from London to Tehran as the route is not commercially viable.
- Camelot, the operator of the National Lottery, has been fined ￡1.15 million by Britain’s gambling watchdog after a error hid winning ticket numbers from players.
FRANCE: Top 5 disappearing jobs, French automotive industry thrives, and more top news
- 2.1 millions of workers will lose their jobs in the coming years in France, according to a new study by think tank Sapiens.
- French automakers outperform their German competitors during the first semester.
- German industrial manufacturing company Siemens could cut 20.000 jobs in the coming months.
- Uber to pay $1.9 million to settle sexual harassment claims.
- Anti-drone global market size could worth $1.85 Billion by 2024.
- Up to 20,000 jobs at Siemens are threatened by cuts.
- Germany’s highest labour court allows video surveillance of employees under certain restrictions.
- Facebook suspends more than 400 apps in search for data violations.
- Deutsche Bahn plans to increase prices in December.
- Automotive taxes across all types face sudden increase of up to 70 percent – as early as September.
INDIA: What Centre has given disaster-hit states, face scan must for Aadhaar validation, and more top news
- The Centre has released just ?5,925 crore despite economic losses of ?1,03,105 crore in eight major natural disasters since 2004, Quartz reports.
- Soon, all Aadhaar authentications will require facial recognition.
- Investing in mutual funds may become cheaper as market regulator SEBI wants fund houses to lower expenses.
- Mukesh Ambani's Reliance Industries is the first Indian firm to cross ?8 trillion in market cap.
- Twenty-one months after demonetisation, three in 10 State Bank of India ATMs still can’t dispense new notes.
AUSTRALIA: Trivago sued over ‘best price’ claim, China admonishes Huawei ban, and more top news
- Hotel comparison website Trivago is being sued for making misleading ‘best price’ claims.
- The Chinese Government is accusing Australia of using ‘excuses’ to ban Huawei from the 5G network.
- MPs Julie Bishop, Scott Morrison and Peter Dutton are ready to battle for leadership, but businesses are furious about the uncertainty.
- David Jones is pulling Country Road and Mimco from Myer stores.
- Facebook has warned 4m users that the "myPersonality" app may have shared their data with third party companies and researchers.
- Food chain giant Yoshinoya Holdings and Skylark Holdings team up to provide common discount ticket.
- 2nd season of US-China trade war would also affect Japanese chemical industry.
- Asics and NTT to start developing sensor attached "smart wear" to avoid heatstroke by 2020.
- LINE and Fukuoka City in comprehensive alliance to create smart solutions for administrative services.
- Netflix to raise monthly fee for the first time in Japan.
- Chinese tech company Huawei says the Australian government has blocked it from providing 5G technology for the country's wireless networks.
- Tesla will be able to start mass production of the Model 3 in its Shanghai factory by 2020.
- Waymo has set up a subsidiary in China, the latest sign of attempts by parent Alphabet to get back into China.
- Qudian's stock price plunged Thursday after the news that Ant Financial would not renew its soon-to-expire contract.
- A house rental company declared bankruptcy amid accusations that property operators are the primary cause for Beijing’s skyrocketing rents.
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