The Rundown Rundown: Howard Schultz is leaving Starbucks, and more news around the world
Every day, LinkedIn publishes 10 Daily Rundowns, in 5 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.
NEW: MEXICO: Mexico will start WTO process over US metal tariffs, the Mexican peso registers worst day in 15 months and other news
- Mexico will start a dispute settlement at the World Trade Organization over US tariffs on steel and aluminum.
- Due to the commercial dispute with the US, the Mexican peso registered its worst day in 15 months.
- Mexico’s antitrust agency still hasn’t approved the Bayer and Monsanto merger.
- Starbucks chairman Howard Schultz will step down at the end of the month, fueling rumors about a run for office.
- ServiceNow is the world’s most innovative company, according to a Forbes ranking.
BRAZIL: Reduction in the price of diesel will cost R$ 1 billion to transportation sector, Enel takes control of Eletropaulo and other news
- To reduce the price of diesel, the government will cut R $1 billion in investments in the transportation sector.
- Italian Enel acquired 73% of the shares of Brazilian power company Eletropaulo and is now Brazil’s largest electricity distributor.
- The Brazilian regulatory agency for private health insurance banned 31 health plans offered by 12 companies due to complaints.
- Indebtedness and non-payments of Brazilians decrease in the month of May.
- UBS Bank survey shows cities around the world with the highest salary averages.
U.S.: Starbucks' Schultz is stepping down, young Americans are buying houses again, and more top news
- Starbucks executive chairman Howard Schultz is leaving his position at the end of the month.
- First-time buyers make up about half of all new mortgages (excluding refinancing), a sign that young people are getting a boost from the booming job market and cheap credit.
- BlackRock, the world's biggest investment firm, is hiring software engineers at twice the rate it's onboarding investment staff, COO Rob Goldstein told LinkedIn’s Devin Banerjee.
- The SEC has appointed its first ever digital currency chief.
- Apple announced iOS 12 and a slew of new features at WWDC.
CANADA: Rob Ford’s widow sues his brothers, Starbucks' Schultz plans his exit, and more top news
- The wife of late Toronto mayor Rob Ford is suing his brothers for more than $16 million.
FRANCE: Adieu France 4, la Société générale passe à la caisse, et les autres infos du jour
- The French government cut the public broadcasting budget by €200 million.
- Société Generale will pay $1.3 billion to settle Libya and Libor probes.
- French transport group Keolis won a €6 billion contract to run Welsh rail services.
- Microsoft (LinkedIn’s parent) has agreed to buy coding platform GitHub for $7.5 billion.
- French automaker PSA will exit Iran over US sanctions.
U.K.: Government loses ￡2bn on RBS shares sale, ministers approve Heathrow expansion plans, and more top news
- The government is set to cut its stake in RBS, a decade after bailing out the lender.
- Controversial plans for Heathrow Airport's third runway have been approved by ministers.
- Warm weather, two bank holidays and royal wedding fever encouraged Brits to spend in May. The British Retail Consortium reported total retail spending rose 4.1% compared to a year earlier.
- PwC has banned all-male shortlists in a bid to make its recruiting process more diverse.
- Frozen food brand Aunt Bessie’s has been snapped up by Birds Eye owner Nomad Foods for ￡210m.
INDIA: Govt may merge four PSBs, it's an opportune time for job hunting, and more top news
- The government is weighing merging Bank of Baroda, IDBI Bank, Oriental Bank of Commerce and Central Bank of India in an attempt to check rising bad loans.
- It’s a good time to switch jobs: Economic Times reports that companies have stepped up hiring and loosened their purse strings. They are willing to dole out up to 50% hikes for middle managers and 20-35% salary increases for junior employees.
- Suzuki has manufactured 20 million vehicles in India, faster than in any other country. The carmaker achieved the landmark in just 35 years and five months compared to over 45 years in Japan.
- Four Indigo planes reported engine problems in the last one week. The affected aircraft belong to the Airbus 320neo family and are powered by a certain series of Pratt & Whitney engines.
- Microsoft (LinkedIn’s parent) has agreed to acquire code repository GitHub for $7.5 billion in stock.
AUSTRALIA: Why you’ll pay more to fly, NBN chief blames gamers, and more trending news
- Airline tickets are expected to become more expensive as jet fuel prices surge.
- The NBN chief is blaming online gamers for slow speeds and threatening to cap services.
- Warm weather helped retail rebound in April but fashion’s not faring well in Australian Bureau of Statistics data.
- Australian companies paid a record amount of wages in the March quarter.
- Apple is tackling smartphone addiction at its annual Worldwide Developers Conference.
CHINA: iOS 12亮相苹果WWDC大会，微软75亿美元收购GitHub，及更多资讯
- Apple announced iOS 12 at WWDC; the company also announced features to help users curb smartphone addiction and speed up old devices.
- Microsoft (LinkedIn’s parent) acquired code repository GitHub for $7.5 billion in stock.
- ByteDance, publicly known as Toutiao, published an article accusing Tencent of “unfair competition.” The article claims Toutiao products were banned from WeChat and a flood of content has emerged to demonize TikTok, Toutiao’s most successful video platform.
- News around “fake contracts” in showbiz has caused prices of related entertainment and media stocks to plummet.
- China is on track to spend more on scientific research than the U.S. by the end of this year, according to the National Science Board.
DACH: Meditieren schadet der Motivation; Microsoft kauft GitHub; und weitere Themen
- Too much meditation is bad for your job motivation, says a study. It acknowledges a lot of positive effects, but denies the common coaching claim that the practice is good for your career.
- Microsoft has agreed to buy open source coding platform GitHub.
- Insurance company Axa cancelled thousands of disability insurance contracts — because they can’t afford the payout.
- German airports expect even more trouble during summer holiday season. The main reason: old technology and bureaucratic hurdles at the security checkpoints.
- Dutch bank ING has heavily invested in yet another German fintech company, FinCompare in Berlin.
Stenographer at Supreme Court of the Philippines
6 年Hello sir
Truck Equipment Sales
6 年Their coffee is still over priced and the baristas don’t know the difference between a cappuccino and a latte. Why waste your money and give a tip too? So you can walk around with the cup?
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6 年John Willimott, if Trump who is already as 'rough-and-tumble' as anyone can become, is still finding it tough sailing to battle with the real powers that run America, I cannot understand how a mere traditional pol (or grad of business) can do better. It is a serious cognitive problem that is unique to libs who continue to fall victim to self-created myths about how the world works, which causes them to elect leaders 'in their own mold' thinking that that is how they can be sure to perform against the world's toughest tyrants and devious power shakers and movers. No, you got to be like one of them (a la Putins or Kim, etc. otherwise they'll eat you for lunch. Unable to fit any of these in their past life experiences, they fall for those nerds in HS who were never in with the cool babes so ended up earning doctorates and write books about management. And when they find that the real world is worse than they thought, they end up vilifying a Trump because he cannot write good memos. See how book learning and associating with nerds can take one to??? ?
Geospatial Evangelist | Certified Corporate Director - Views expressed are my own and do not represent official or political positions.
6 年Wow all your local rundowns in one place, interesting. Can you please take this feedback. This is a very long read. The previous format was good.