The Rundown Rundown: Europe responds to Iran sanctions, 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.: GM's plan for employee health care, the last gift from Toys ‘R’ Us, and more top news
- General Motors has teamed up with Detroit’s Henry Ford Health System on a direct health plan for employees.
- Parents mourning the loss of Toys “R” Us by showering their children with presents may have also gifted the toy industry a nice boost.
- Washington restored trade sanctions on Tehran that had been suspended under an international nuclear non-proliferation treaty in 2015.
- The beleaguered subscription-service MoviePass will soon limit its customers to three movies per month, down from one per day.
- Indra Nooyi, the first female CEO of PepsiCo, is leaving her post after 12 years at the helm.
CANADA: Auto emissions rules review expected, Ontario battles forest fires, and more top news
- The joint vehicle emissions standards Canada shares with the U.S. will be reviewed, following President Trump’s plan to ditch them.
- Crews fighting some 42 forest fires across northeastern Ontario are hoping for rain following a hot, dry weekend with high winds.
- American telecommunications holding company AT&T and Spain's Telefonica will start to offer mobile 4G and 5G services in Mexico.
- Car production and exports in Mexico dropped 3.5% and 5.5%, respectively, in July.
- Mexico presents counter proposition on rules of origin for autos in NAFTA talks.
- Mexican fuel retailer G500 Networks named Luz Maria Gutierrez as its new CEO.
- Tequila sales in Mexico grew 15.7% in the first half of 2018.
- Savings in Brazil have the best balance for July since 2014.
- In the world ranking of automation, Brazil is in one of the last.
- Investors over 66 years old dominate half the stock market in Brazil.
- Retail giant Magazine Luiza reports a 94.5% profit increase over the same period last year.
- Risk agency says high dollar is the biggest threat to emerging countries.
- The EU has announced measures to protect European businesses from the impact of the US sanctions on Iran.
- The CEO of British Airways says the two-hour queues at London’s Heathrow Airport are unacceptable.
- Car makers are facing fines of up to €16bn if they fail to comply with tightened EU emissions regulations.
- Germany is debating the return of compulsory military service to help with troop shortages.
- Lauded chef Joel Robuchon has died aged 73.
- Former directors of Carillion are set to face an investigation into the collapse of the construction giant.
- A women-only network has hit back at criticism over the appointment of a male chairman.
- Collapsed fashion label Jacques Vert is being snapped up by high street billionaire Philip Day.
- American billionaire Stan Kroenke has made a ￡600m bid to buy Arsenal Football Club.
- Wizz Air has been named the worst airline for flight delays out of UK airports.
FRANCE: HSBC chooses Paris, a Google city in Toronto, and more top news
- Seven HSBC European branches will leave London to move to Paris due to Brexit.
- Google will redevelop the Toronto waterfront as a smart city of the future.
- Because of the new university admissions system, 17.000 high school graduates have no universities for September.
- The French carpooling platform BlaBlaCar has just acquired its Russian competitor BeepCar.
- Apple supplier building chips for new iPhones has been attacked by a computer virus causing probable delivery delays.
- EU and German government are supporting European companies in business with Iran, standing up against US sanctions on Iran.
- Depending on the region in Germany that people live in, their salaries will differ a lot.
- Record revenue for German tourism industry.
- German industry see a heavy drop in orders due to the uncertain situation with US tariffs.
- Warren Buffett’s Berkshire Hathaway’s profits surge.
- Indra Nooyi is stepping down as PepsiCo CEO after 12 years at the helm.
- The government is exploring the option of suspending social media apps in times of unrest.
- Letters of undertaking – the financial instrument at the heart of the PNB scam – are set to make a comeback.
- Air India has delayed salaries for the fifth month in a row.
- Two in three SMEs feel the cost of managing employee reimbursements outweighs the benefits, shows a study commissioned by digital payments firm Zeta.
AUSTRALIA: Australia’s population hits 25m, watchdog to embed staff in banks, and more top news
- Australia’s population has reached 25m, three decades sooner than the government predicted in 2005.
- The corporate watchdog will embed enforcement staff into major banks.
- Australian smartphone sales have slowed by 3.7% as people wait for 5G.
- Woolworths has admitted staff at their poker machine venues spied on punters and offered incentives like free drinks.
- Superannuation jargon has been described as “clear as mud” as the Banking Royal Commission focuses on the sector.
JAPAN: Softbank boosts profits, Rakuten to show confidence as new mobile operator, and more top news
- Softbank Group boosts profits with investments from "10 trillion yen Vision Fund".
- Rakuten 2nd quarter profits up 31% on Fintech growth, and shows confidence as new mobile operator.
- Transport ministry to inspect Yamato's company-wide practice of overcharging.
- Japanese carmakers warn prospect of U.S. tariffs on auto imports.
- Japan debates daylight saving time during 2020 Olympics to avoid heat.
CHINA: Tesla grabbing talents in Shanghai, 364 P2P companies in turmoil, and more top news
- Tesla started recruiting talents for Shanghai “Dreadnought” electric car factory. Source says Tesla is tripling payment for job-hoppers from SAIC motor.
- Report: 364 companies in P2P financing industry are faced with problems such as overdue debt, liquidation and missing executives, jeopardizing 43.9 billion principal balance of individual investors.
- Didi Chuxing demerged its car services business and invested 1 billion USD into it.
- Yizhou Chen, founder and CEO of renren.com, a Facebook style social networking website in China, says he will let partners to decide renren’s fate.
- The world’s largest PC game distribution platform STEAM will land in Shanghai to launch its Chinese version, partnering with Perfect World Game.