The Rundown Rundown: Porsche ditches diesel, 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.: Trade tensions with China escalate, Comcast outbids Fox, and more top news
- China has cancelled planned trade talks with the U.S. that were set to take place in the coming days, says The Wall Street Journal.
- Comcast outbid 21st Century Fox for broadcaster Sky.
- Amazon plants fake "dummy" packages to test driver integrity, according to Business Insider.
- The gap in prices between new and used vehicles in the U.S. is the widest it’s been in nearly a decade.
- With 200 million of its users identifying as single, Facebook is getting into the matchmaking game.
- Prime Minister Trudeau will this week push for Canada to have a seat at the UN Security Council.
- Tens of thousands of people in Ottawa don’t have power in the aftermath of two tornadoes that destroyed hundreds of homes Friday, and hospitalized four people.
- Mexico's president elect Andres Manuel Lopez Obrador plans to close 46 ProMexico agencies around the world because "they do nothing and spend lots of resources" . The organization's main goal is to attract investment.
- Sales of electric and hybrid cars in Mexico grew 101% in June.
- According to a Bloomberg ranking, Mexico has the most efficient health system in Latin America.
- The Mexican Stock Exchange will be present on Wall Street.
- Cell phones and modems accumulate 30% of complaints regarding telecommunications.
- Price of gasoline hits record and reaches highest value in ten years.
- In Brazil, the wage gap between men and women reaches 22% on average.
- Almost 45% of Brazilian hosts on Airbnb need the money to pay bills.
- Embraer and Boeing set date for settlement agreement.
- 14% of the global workforce will have to switch to a new career occupation.
EUROPE: Porsche ditches diesel, Swiss voters reject ethical food plans, and more top news
- Porsche has announced it will no longer offer diesel cars.
- Swiss voters have rejected two proposed ethical food initiatives.
- Comcast has outbid 21st Century Fox for broadcaster Sky.
- Italy’s competition watchdog has launched a probe into Ryanair’s new baggage charges.
- Divers south of France are removing an artificial reef made of old car tyres due to toxic chemical leaks.
- House of Fraser has announced the closure of stores in Edinburgh, Hull and Swindon, making hundreds of staff redundant.
- Porsche will no longer offer diesel cars, the company announced yesterday.
- Comcast has outbid 21st Century Fox for broadcaster Sky.
- The future of Bestival is in jeopardy, as the company behind the annual music event nears collapse.
- Golf clubs must transform themselves if they’re to stem declining memberships, according to new findings.
FRANCE: The 2019 budget is favorable to companies, graduates want to work for Google, and more top news
- French government want to cut corporate taxes by €19 billion in 2019.
- Business and engineering students all want to work for Google, according to the 2018 Universum ranking.
- Coca-Cola acquired French non-carbonated soft drink company Tropico.
- French automaker PSA will sell electric versions of all its cars by 2025.
- The EU commission wants to break down the barriers to European cross-border e-commerce.
DACH: Porsche is ditching Diesel; this is how the housing shortage will be soothed; and more news
- Porsche has announced it will no longer offer diesel cars from 2019.
- At a housing summit, the German government decided to invest €5bn into subsidized housing, offer financial support for families building houses and raise accommodation allowance.
- Hans-Georg Maa?en, former head of German Federal Office for the Protection of the Constitution, will become an advisor at the Interior Ministry. He was forced out from his post after publically disputing the authenticity of a video shot during the unrest in Chemnitz.
- Swiss voters have rejected two proposed ethical food initiatives and backed more financial support for bicycle lanes.
- Comcast has outbid 21st Century Fox for broadcaster Sky.
INDIA: Ola and Uber hit speed bump, Indians are drinking a lot more, and more top news
- Ridership growth at Ola and Uber has fallen to 20% from 57% in 2017 and 90% in 2016, reports Economic Times.
- Indians are drinking more than twice what they did in 2005, a WHO study shows.
- The government will not cancel the Rafale jets deal amid allegations of a scam, finance minister Arun Jaitley said.
- The Trump administration plans to revoke work permits for H-4 visa users – used primarily by the spouses of H-1B holders – in three months.
- Sales, customer support and HR jobs are bearing the brunt of telecom consolidation, reports Financial Express.
AUSTRALIA: Strawberry needles found in NZ, royal commission wipes $12bn in value, and more top news
- Needles have been found in Australian strawberries sold in New Zealand, jeopardising Australia’s reputation as a safe food supplier.
- More than $12bn has been wiped from the value of major listed banks, wealth managers and insurers this year.
- Social media and cloud computing is behind a huge push for more data centres, which already account for about 4% of Australia’s total energy consumption.
- Australia ranks number 35 on the global gender pay gap index.
- Machines and algorithms are poised to displace 75m jobs globally over the next decade.
- Survey shows more than half of people in Japan now feel positive about changing a job.
- Fujifilm to become the first company to start clinical test using iPS cells.
- Transport firms moving toward ending weekend deliveries amid workforce shortage.
- About 40% of students had negative impression about a company after job interview.
- Adidas opened a temporary facility in Tokyo, letting visitors experience its “smart factory”.
CHINA: High-speed rail opens in Hong Kong, Sunac takes over LeTV’s key assets, and more top news
- The first-ever bullet train from Hong Kong to Mainland China departed Sunday.
- Sunac took over LeTV’s assets at the reserve price as the only bidder in the auction.
- iFlytek, which has been accused of using humans to fake AI, denied AI-powered simultaneous interpretation fraud.
- Didi, Tencent, and five other companies have received permits to test self-driving cars in Beijing.
- The police have arrested a number of suspects in a criminal group responsible for multiple smear campaigns and fake news against high-profile Chinese internet companies, including Baidu.
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