The Rundown Rundown: India gets a new unicorn, 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.: Verizon debuts new plan to trim its workforce, SurveyMonkey starts trading today, and more top news
- Verizon is offering early retirement packages for thousands of workers, in an attempt to trim its workforce and cut costs.
- SurveyMonkey will price its initial public offering at $12 per share.
- Delta flights are returning to “normal” after being grounded across the country yesterday due to a technical issue.
- Amazon, Apple, Google and Twitter are among the companies scheduled to appear today at the Senate to explain how tech companies are using consumer data.
- Dunkin’ Donuts is officially ditching 'donuts' from its brand and logo after months of testing the name change.
CANADA: NAFTA deadline looms for Canada, Verizon debuts new plan to trim its workforce, and more top news
- Time is running out for Canada to join a revised NAFTA agreement with the U.S. and Mexico, said U.S. Trade Representative Robert Lighthizer.
MEXICO: Mexico's economic activity grows in July, cost of insecurity reaches 1.65% of GDP, and more top news
- Mexico's economic activity grew 0.44% in July, according to the national statistics agency.
- The cost of insecurity in Mexico reaches 1.65% of the local GDP.
- Airbnb will pay 3% of taxes on lodging in the Oaxaca state.
- Claims to banks in Mexico total more than 14.5 billion pesos in the first semester.
- Grupo Bimbo Group signs agreement to only use renewable energy by 2025.
- For the second month in a roll, Brazilian workers are left with no real salary readjustment, above inflation.
- Purchases with debit and credit cards in Brazil grew almost 14%, reaching R$ 720 billion between January and June.
- Release of payroll loan using the FGTS guarantee, a special fund designed for Brazilian workers, begins today.
- Google seeks engineers for global programming competition.
- Foundations Fapesp and Finep offer R$ 30 million for research in small companies.
EUROPE: Pret a Manger sued over ‘natural’ claims, the tiny country tourists are loving, and more top news
- Pret a Manger is being sued for promoting its food as “natural,” with claims there are traces of glyphosate in its products.
- The fastest-growing travel destination in Europe is the tiny country of San Marino.
- Novartis is slashing 1,700 jobs in Switzerland and 400 in the UK.
- Ryanair has cancelled 190 flights scheduled for Friday.
- Gwyneth Paltrow is bringing Goop to Europe.
- Pharmaceuticals giant Novartis will close its manufacturing facility in Grimsby, putting 500 jobs at risk.
- Ryanair CEO Michael O’Leary has predicted ‘pilot-less’ planes could soon become a reality.
- More than 5000 Co-op staff are calling on the convenience store chain to end “one-on-one” shifts, over fears of being attacked at work.
- Irn Bru’s decision to halve the drink’s sugar content has paid off, as Scottish owner AG Barr reports an increase in market share.
- Gwyneth Paltrow’s Goop has opened its first UK store.
FRANCE: Social security deficit is almost fixed, Macron’s cars are a success, and more top news
- France’s social security deficit will be fixed in 2019, due to cuts in public health expenditures.
- The number of passengers transported by intercity buses increased by 43% during the spring year-on-year.
- French fiscal and social system isn’t fixing inequalities as well as the American one, according to a study by Thomas Piketty.
- 63% of French people say that the social and environmental impact of their investment matters.
- "Alexandre Benalla", the name of Macron aide under investigation for violence, has become a brand.
- Daimler CEO Dieter Zetsche steps down earlier than expected – to make way to join the supervisory board in 2021.
- Angela Merkel fights to avoid having to impose driving bans for older Diesel cars.
- Members of German parliament vote majority leader Volker Kauder out of office – which is widely seen as a strong message against Merkel.
- World bank warns of social rift caused by digitalization of work.
- Austrian Home Secretary advises police to only support government-friendly press.
INDIA: OYO checks into unicorn club, 6 in 10 employees make under ?10,000 a month, and more top news
- OYO has raised a whopping $1 billion to emerge as India’s latest unicorn.
- Nearly six in 10 regular employees make less than ?10,000 a month, Azim Premji University’s State of Working India report shows.
- India trails Bangladesh, Nepal, Pakistan and North Korea in terms of air safety, according to an audit by the UN’s International Civil Aviation Organization.
- Reliance Industries’ Mukesh Ambani topped Barclays Hurun India Rich List for the seventh year running.
- Punjab National Bank, Oriental Bank of Commerce and Andhra Bank could be the next state-run lenders to be merged.
AUSTRALIA: The town where 17% of homes are on Airbnb, banks’ four-year delays, and more top news
- Byron Bay’s Airbnb offering is so popular that 17% of all properties are listed on the short stay accommodation site.
- Banks take an average of four-and-a-half years to identify significant errors they’ve made.
- Bosses will no longer be able to knock back a work-from-home request without considering it.
- The economic value of one regional refugee resettlement program has been valued at $67.1m.
- Instagram’s co-founders are stepping down. Kevin Systrom and Mike Krieger have resigned.
- Mindfulness training helps creating leaders.
- Disney topped the ranking of most trustworthy companies; Nintendo ranks 11th as the highest among Japanese companies.
- “Shukan 45” magazine suspended publication amid backlash over articles claiming LGBTs “unproductive”.
- Hitachi ends sales of its own TVs in October, agrees to tie up with Sony to sell its Bravia television at Hitachi-affiliated retailers.
- SoftBank and Didi Chuxing start ride-hiring service in Osaka.
- New Takashimaya department store opens in Nihonbashi in an effort to survive the era of online shopping.
CHINA: Softbank, TPG’s new fund eyes China, Gree CEO tops Forbes female chart, and more top news
- TPG partners with Softbank to launch a $300 million venture fund targeting China startups.
- Gree’s Dong Mingzhu topped the Forbes China’s Top 10 Female CEO list.
- Chinese liquor maker Maotai announced massive personnel changes, injecting more younger managers.
- Apple transfers the majority of the newest iPhone XR’s production to Foxconn from Pegatron due to low yield rate of the latter.
- 40 tourism destinations in the world announced to accept payment through Alipay.
Project management || Health and social care analyst|| social media manger and content creator
6 年Congratulations
Interbiz Solutions - HRMS, HCM Software (247HRM)
6 年Congratulations OYO.. on your entry in the unicorn club