The Rundown Rundown: Mexico is sending China tons of avocados, 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.
- A lawsuit was filed against Google for illegally tracking smartphone users even after they’ve opted out.
- JPMorgan has told its clients that funding to take Tesla private “appears to not have been secured” and slashed its December price target for the company’s shares by more than a third, to $195.
- Tyson Foods has agreed to acquire Keystone Foods in a $2.16 billion deal.
- Generation Z will account for 32% of the earth's population in 2019 — more than millennials’ 31.5%, according to Bloomberg.
- U.S. chemicals group Praxair and German rival Linde have been granted conditional approval from the EU for their $82 billion merger.
- Ontario’s only online cannabis store has announced a partnership with 26 marijuana producers.
- Mexico exported more avocados to China in the first half of the year than in the entire 2017.
- Didi, Uber's rival, seeks drivers in Mexico City to begin its operation.
- Mexico City ranks 45 out of 50 cities in a list of metropolis that promote enterprising women.
- Nissan has its worst drop in cars assembly since 2008.
- Mexicans speak over their cell phone twice than they did five years ago.
- Trust of entrepreneurs in the economy grew in August, says National Confederation of Industry.
- Dollar ends day sold at R$ 3.96, the highest value in two and a half years.
- Sales in the real estate market rose 17.3% in the second quarter.
- Coca-Cola threatens to leave Brazil if it does not recover subsidy in the Manaus Free Trade Zone.
- Profit of the five largest banks in Brazil is up 15% in the second quarter.
EUROPE: Benettons lose $2bn after bridge collapse; no deal, no problem for EU citizens, and more top news
- The Benetton family wealth has dropped $2bn in the wake of the Genoa bridge collapse that killed 43.
- The UK will allow EU citizens to stay even in the case of a no-deal Brexit, according to Cabinet papers seen by The Telegraph.
- The EU has approved the $82bn Linde-Praxair merger.
- Germany is facing a shortage of qualified teachers.
- The Greek island of Tilos will soon run exclusively on wind and solar power.
U.K.: House of Fraser warehouse jobs ‘at risk’, government seizes Birmingham prison, and more top news
- More than 600 jobs are at risk at House of Fraser warehouses, according to a union.
- The government has been forced to seize immediate control of a Birmingham Prison from contractor G4S.
- KPMG has been fined more than ￡2m over its audit of fashion retailer Ted Baker.
- The UK will allow EU citizens to stay even in the case of a no-deal Brexit.
- Ofcom has launched an investigation into potential cartel activity in the parcel delivery sector.
FRANCE: French dividends hit record high, the cost of higher education is on the rise, and more top news
- Total French dividend payments soared to a record $50.9 billion in 2018 (10% of world’s investor payouts).
- The costs of study and living as a student in France reached €837,72 per month in 2018.
- PepsiCo is acquiring carbonated drink maker SodaStream for $3.2 billion.
- Could an Apple iCar revolutionize the automotive industry?
- Venezuela removes 5 zeroes from its currency as inflation is hitting one million percent.
DACH: Flixtrain sues Deutsche Bahn; Daimler needs to recall 690,000 Diesel cars; and more top news
- Flixmobility (Flixbus, Flixtrain) is suing Deutsche Bahn for unfair competition.
- Daimler needs to recall 690,000 Diesel cars in Europe, 280,000 of them in Germany.
- PepsiCo has agreed to buy Sodastream.
- Germany has the highest current account surplus worldwide.
- US is reportedly pressuring Facebook to break Messenger’s encryption.
INDIA: 9 in 10 school kids can barely read English, Jet Airways under government lens, and more top news
- Nine in 10 students at urban private schools can’t read English at an age-appropriate level, a survey suggests.
- Jet Airways is being probed for misappropriation of funds and two private equity giants are competing for a large stake in the carrier’s loyalty programme.
- More than 16,000 lives could be lost to floods over the next 10 years.
- The CBI moved an extradition request against Nirav Modi after the UK confirmed his presence in the country.
- To boost its premium reputation, Apple plans to set up 6 franchisee showrooms across metros.
AUSTRALIA: Australia’s deadliest profession, CEOS tell politicians to fix ‘mess’, and more top news
- Truck driving is Australia’s deadliest job, with a 13-times higher chance of a workplace death than the average.
- The CEOs of Woolworths and Wesfarmers are calling on federal politicians to stop the uncertainty amid leadership challenge speculation and policy backflips.
- Big W is not riding the wave of discount department store successes.
- Up to 93 shipbuilders will be out of work in Adelaide as the industry faces a lull.
- Former UN Secretary-General Kofi Annan passed away on Saturday in Switzerland at the age of 80.
- "You can't take annual leave unless you answer my quiz correctly" — Japanese manager accused of e-mail harassment.
- Mizuho Financial Group to start mobile payment trial in KIta-Kyushu with 3 local banks.
- British American Tobacco will increase cigarette prices, due to a tax raise in October.
- Otsuka Kagu's major shareholder Brandes Investment Partners sold all the stakes, revealed from regulatory filing.
- Still 48% of Japanese SMEs do not have female manager, according to research from Teikoku Databank.
CHINA: Beijing demands rent to stop rising, too early for Google’s return to China, and more top news
- Ten housing agencies are required to stop rising the rent by a local industry association in Beijing. Media and an ex-executive of a major broker joint the chord criticizing capital-driven hyping rent.
- Google CEO Sundar Pichai says the company is not close to launching a search product in China.
- China is now the largest market for Samsung electronics, taking up to 32.7 percent of its global business.
- Australia might reconsider permitting Huawei to participate in “unsensitive part” of its 5G construction.
- The marriage rate in China decreased for four consecutive years.
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