UK wages are rising, 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.
U.S.: There's a record number of job openings, Uber eyes $120 billion IPO, and more top news
- The U.S. has more than 7 million job openings — the most since records began in 2000.
- Uber has been valued as high as US$120 billion for an initial public offering that could take place early next year.
- Tesla CEO Elon Musk’s settlement with the Securities and Exchange Commission over fraud allegations has been approved by a judge.
- Walmart lowered its profit target for the year, as the world’s largest retailer absorbed its biggest acquisition ever in Flipkart, the Indian e-commerce site.
- After decades of increasing tuition, universities are going the other way — either by flattening costs or bringing them right down.
- A federal judge has ordered that the Department of Education immediately begin to comply with an Obama-era rule that grants automatic loan forgiveness to defrauded students.
CANADA: From today, cannabis is legal in Canada; Uber eyes huge IPO, and more top news
- Canada today becomes the first G7 country to legalize and regulate marijuana for recreational use.
- U.S. burger chain Shake Shack will enter the Mexican market in 2019.
- Mexico's Supreme Court endorses cash payments for ride sharing platforms like Uber.
- Mexico returns to the top 50 of the most competitive economies in the world, according to the World Economic Forum.
- Mexico's president elect Lopez Obrador will propose T-MEC as the name for the trade agreement between Mexico, Canada and the United States.
- 5 out of 10 cars sold by Chrysler, Ford and GM in Mexico come from Asia.
- More than 60% of Brazilian workers in the industry fear losing jobs for robots.
- Administrative Council of Economic Defense fines Unilever for R$29.4 million.
- Loggi receives R$400 million to expand operations in Brazil.
- Petrobras and Chinese company CNPC agree on Comperj division.
- Stone's IPO is expected to raise up to US$1.1 billion.
EUROPE: Hawking’s fears of a ‘superhuman species’ revealed, Audi hit with €800m fine, and more top news
- The late Stephen Hawking has described a situation in which “superhumans” could take over the world in newly published writings released yesterday.
- Audi has agreed to pay €800 million to settle a German probe into its diesel engines containing emissions-cheating software.
- Google will start charging smartphone makers in Europe to access its marketplace for apps.
- Banking chiefs at HSBC, Standard Chartered and Credit Suisse are the latest to pull out of Saudi Arabia’s upcoming Future Investment Initiative.
- Rembrandt’s masterpiece ‘Night Watch’ will be restored in front of a public audience.
- Banking chiefs at HSBC and Standard Chartered have pulled out of Saudi Arabia’s Future Investment Initiative.
- Pay packets rose at their fastest pace since the financial crisis during the three months to the end of August.
- Royal Mail's decision to award its new chief executive a ￡5.8m tax-free joining fee has been criticized by UK MPs.
- John Lewis is offering a “private shopping” service for big spenders willing to fork out an eye-watering ￡10,000.
- KPMG could be facing a record ￡7m penalty for misconduct.
FRANCE: €1 billion to digitalise small companies, employees are entering boards, and more top news
- The government has a plan to help 1 million of small and medium-sized businesses to accelerate their digital transformation.
- The share of employees in boards of directors has been multiplied by 3 in France since 2013.
- General manager of French union Force ouvrière just resigned after the revelation that hundreds of leaders of the organization were registered in an internal file.
- Jeff Bezos will invest US$1 billion in Blue Origin to to send tourists in Space by 2019.
- Fresh products retailer Grand Frais is the new favorite retailer of French shoppers.
- According to a new WEF study Germany is one of the most innovative and competitive countries in the world.
- German carmaker Audi pays a €800 million fine in the Dieselgate investigation.
- Deutsche Bahn announced plans to offer co-working spaces in selected train stations. It hopes for customers amongst business travelers and commuters.
- City of Hamburg tests parcel shops with different delivery companies. The industry expects an all time high of deliveries before Christmas this year.
- Managers working in morally questionable industries such as the weapons, alcohol or tobacco industry earn considerably more than managers in other sectors, a study finds.
INDIA: Move money between mobile wallets, India's best institutes, and more top news
- The central bank has issued final guidelines for interoperability among prepaid instruments including e-wallets, meal vouchers and gift cards.
- IIT Bombay, IISc Bengaluru and IIT Madras are the country’s top higher education institutions, according to QS’ first-ever region-wise ranking.
- Walmart has cut its full-year profit estimate citing the Flipkart acquisition.
- A group of US-based IT firms is suing the American immigration agency for arbitrarily deciding the length of H-1B visas.
- The #MeToo movement is covering the length and breadth of the country, shows a Google Trends data visualisation tool.
AUSTRALIA: Optus World Cup fiasco causes complaints, Amazon launches groceries, and more top news
- Optus had a 35% surge in complaints after it repeatedly botched streaming of the World Cup.
- Amazon has added food and beverages to its Australian site, becoming a clear competitor to Coles and Woolworths.
- Facebook has paid Australian musicians royalties for the first time.
- Beer drinkers could find themselves paying more as climate change affects supplies of barley, reveals a study in scientific journal Nature Plants.
- Netflix is now responsible for 15% of all internet traffic globally, according to a report by Sandvine.
- Japan’s Fast Retailing, which owns Uniqlo clothing stores, is ranked 32nd among the world’s top 100 most innovative enterprises, according to Forbes.
- IoT, Cashierless convenience store featured in this year’s CEATEC tech trade show
- Tokyo Olympics Committee plans to hire doctors as unpaid volunteers amid public criticism toward demanding requirements for volunteers
- Japan had year-on-year loss in incoming tourists -- first in more than 5 years -- in September after hit by natural disasters
- Seibu Railway to experiment the use of AI-powered security robot in November
CHINA: Huawei introduces new phones, heavy penalty for vaccine scandal firm, and more top news
- Huawei unveils their newest Mate 20 phones in London, taking on Apple’s iPhone XS series.
- Changsheng Bio-Technology, the pharma firm in vaccine scandal, received a heavy penalty of US$1.3 billion.
- Smartisan declined the rumored dismissal of its Chengdu headquarters, while fear of its insufficient funding persists.
- Evergrande denied news of its overdue payment to 60 employees of Faraday Future.
- Sunac is expected to fully take over Wanda’s cultural and tourism projects.