US charges Huawei, 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.: PG&E files for bankruptcy protection, US charges Huawei, and more top news
- PG&E filed for Chapter 11 bankruptcy protection.
- The U.S. Justice Department unveiled charges against Huawei and CFO Meng Wanzhou.
- Dropbox has agreed to its biggest acquisition yet — HelloSign for $230 million.
- Wynn Resorts will settle a probe conducted by the Nevada Gaming Control Board, agreeing to pay any fine to be determined by the Nevada Gaming Commission.
- Condé Nast is launching a new title: Vogue Business.
CANADA: US charges Huawei, TransCanada hires RBC for gas pipeline, and more top news
- TransCanada has hired RBC Capital Markets to manage the planned sale of a majority stake in the $6.2 billion Coastal GasLink pipeline project.
- Due to a teachers protest, Mexico could suffer shortage of basic food.
- A new explosion is registered in another Pemex pipeline in the state of Hidalgo.
- Mexico's trade balance closed 2018 with a 13 billion dollar deficit.
- Startup GoTrendier raised 3.5 million dollars in new investment round.
- Mexican peso started the week with loses against the U.S. dollar.
- Vale loses R $ 71 billion in 1 day, the biggest drop in the history of the Brazilian market.
- Expenses of Brazilians abroad fell almost 4% in 2018.
- GM proposes a 10% cut in minimum wage, but union refuses.
- Foreigners make bigger withdrawal of shares from Brazil in over ten years.
- Intention to hire new employees increased in S?o Paulo companies.
EUROPE: Greece raises minimum wage, VW to cut Slovakia workforce, and more top news
- Greece is raising its minimum wage for the first time in nearly a decade.
- Volkswagen is set to cut staff numbers in Slovakia.
- The US Justice Department has unveiled charges against Huawei and its CFO Meng Wanzhou.
- Denmark is building a 70km wall along its border with Germany in a bid to keep out wild boars.
- Is the five-hour working day the future?
- Sir Philip Green has dropped his legal case against The Daily Telegraph, after the Topshop tycoon was outed as the “leading businessman” at the centre of a case dubbed the British #MeToo scandal.
- Tesco has confirmed that 9,000 jobs will be affected by restructure plans.
- Low-skilled workers are stuck in a “vicious cycle”, a government watchdog has warned.
- Victims of pension schemes have lost more than ￡1m, according to new figures.
- Selfridges customers will be bugging out this week as products made from insect flour hit the shelves.
- The employer’s association refuses to be sanctioned for using too many short term contracts as expected in the unemployment system reform.
- Uber’s drivers earn €1,617 for working 45.3 hours per week on average.
- Labor administration rejected the job preservation plan proposed by the Ford factory in Blanquer.
- Electric car sales increased by 45% in Europe in 2018 at 195.000 vehicles.
- Activist hedge funds Elliott and Starboard said urgent changes are needed at eBay to compete with Amazon.
DACH: Government says “no” to speed limit; U.S. is charging Huawei; and more top news
- The German government says “no” to speed limits of 130 kilometers per hour on the Autobahn, as recommended by a task force.
- The U.S. Department of Justice is charging Chinese tech company Huawei.
- Supermarkets and fast food restaurants warn of shortages and soaring food prices in a No Deal Brexit.
- Strike at Audi Hungary plant halts production in Germany.
- Lars Klingbeil, Secretary-General of the Social Democrats, is accusing some mobility and delivery services of exploiting their employees.
INDIA: Wipro to double campus hiring, Jet Airways' plan to stay afloat, and more top news
- Wipro plans to step up campus hiring this year as orders surge amid high attrition.
- Jet Airways is converting debt into equity in a bid to raise funds and resolve its financial crisis.
- Reliance Jio may join the race to acquire half of promoter Subhash Chandra’s stake in Zee Entertainment Enterprises, Business Standard reports.
- India has dethroned Japan as the world's second-largest steel producer, according to World Steel Association.
- Indians over-consume carbohydrates but their protein intake is lower than recommended, Livemint reports, quoting a study by The Lancet.
AUSTRALIA: Litigation funder opens its doors in Australia, Noni B staff to get a pay bump, and more top news
- The world’s largest litigation funder is poised to profit from the Banking Royal Commission.
- Noni B will have to give staff a pay bump.
- Two more start-ups will challenge Australia’s big banks.
- An Australian company helped five films secure Oscar nominations.
- Air pollution is making China sad.
- Tokyo continues to have dry air in January as rainfall this month is expected to hit record-low in 43 years, according to Tenki.jp. The weather forecast website warns that the risk of serious flu at schools and workplaces are still extremely high.
- Number of IPOs expected to hit record-high in 2019, according to Kyodo News.
- Taku File Bin, an online file storage service popular among business users, announced personal information of 4.8 million users may have been compromised due to illegal hacking.
- Muji and major trading house Mitsubishi Corp. are considering launching a subscription service of home furniture, Diamond Online reported.
- A Kanji (Chinese character) that describes the year 2019 is 「新」(New) as the name of the next era is scheduled to be announced in mid-April, according to JMA Management Center.
CHINA: US Charges Huawei and its CFO, esports player is officially an occupation, and more top news
- The U.S. Justice Department unveiled charges Monday against Huawei and the company’s CFO Meng Wanzhou.
- China plans to release 15 new occupations including esports player and UAV pilot.
- Convenience Store Chain Bianlifeng is accused of giving its employees a math test as a roundabout to lay off people.
- Didi Chuxing and BAIC teams up for new energy vehicle projects.
- China created a new tech unicorn every 3.8 days last year, a report says.
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