US wage gains hit post-financial crisis high, 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.: US wage gains are the highest since 2009, Apple shares drop despite strong Q4, and more top news
- U.S. wage gains saw an increase of 3.1% - the highest since 2009.
- Apple shares took a beating Thursday, dropping more than 7% and sending the company briefly below its historic $1 trillion market cap — despite posting stronger-than-expected fourth-quarter earnings.
- Signups for 2019 health insurance coverage through the Affordable Care Act — better known as Obamacare — began this week.
- The Justice Department is suing a Chinese state-owned company for allegedly stealing trade secrets from America’s biggest memory-chip maker — Micron Technology.
- Thousands of Google employees and contractors have protested the company’s handling of sexual harassment.
CANADA: Manulife frees up $1 billion in capital, BC licenses first private pot store, and more top news
- Manulife Financial says it is freeing up $1 billion in capital by reinsuring some of its businesses.
- The first private cannabis retailer in British Columbia — Tamarack Cannabis Boutique — has received a license after operating illegally for three years.
MEXICO: AMLO starts publishing on Instagram, new Lego stores arrive in Mexico and more top news
- Mexican president Andrés Manuel López Obrador (AMLO) debuted on Instagram for the first time with a picture about the festivities of The Day of the Dead.
- Fibra Uno partners with Grupo Juguetrón to launch Lego stores in Mexico.
- Mexican peso recovers partially from decline in October.
- Business owners are less confident about the Mexican economy.
- Torre Reforma, in Mexico City, is crowned the most innovative skyscraper in the world.
- IMF asks for ambitious tax reform in Brazil.
- Brazil National Development Bank lends 13% less in the three quarters of the year.
- Car sales grow 24.47% in October with Chevrolet Onix as the top seller.
- José Galló is to leave after 21 years as the CEO of retail giant Renner.
- Infrastructure company CCR wins highway concession in the State of Rio Grande do Sul.
EUROPE: Greece resumes flights to Macedonia, Google workers stage global walkout, and more top news
- Greece has resumed commercial flights to Macedonia after more than a decade.
- Thousands of Google employees have staged a global protest against the internet giant’s handling of sexual harassment.
- The editor-in-chief of “Vogue Ukraine” has been suspended over claims of plagiarism.
- Volkswagen is facing a class action lawsuit over the diesel emissions scandal.
- Workers who are overweight get paid less than their slimmer colleagues, according to a new LinkedIn study.
- Ryanair says that its new policy of charging for hand baggage had already reduced delays on its flights out of the UK.
- Britain’s “unhealthiest” high street is in Grimsby, followed by Walsall and Blackpool, according to a study by the Royal Society for Public Health.
- The Home Office could end early morning sales of alcohol at airports after complaints by airlines about drunken passengers.
- Ikea is considering rolling out more smaller outlets in the UK after the success of its first so-called “Planning Store” in central London.
- A women's pressure group has criticised the government after its analysis found that 63% of the gains from changes in UK income tax would go to men.
FRANCE: 100% recycled roads, increase in cryptocurrency theft, and more top news
- Eurovia has successfully “recycled” a motorway stretch and this process can be extended to other high-traffic areas.
- In 2018, hackers stole 1 billion euros on cryptocurrency trading platforms.
- Swiss unions accuse French companies of recruiting qualified employees at prices lower than what is practised in the market.
- Global air traffic will double in 20 years, reaching 8.2 billion passengers in 2037.
- Depression is still a taboo in French companies, with only 25% of employees willing to talk about it with their colleagues.
- VW and Ford announce massive joint operation for developing autonomous driving technologies.
- Low water levels make fuel more expensive despite falling oil prices.
- US hedge fund Hudson Executive acquires 3.1 percent of Deutsche Bank.
- Toyota recalls more than a million cars because of airbag troubles.
- Students feel stressed out by increasing performance pressures in school.
INDIA: Airlines under scanner for fixing fares, the best and worst cities for commuters, and more top news
- The Competition Commission of India is probing cartelisation among airlines in fixing fares.
- Kolkata is India’s best city for commuters while Mumbai and Bengaluru are the worst, according to Ola’s Ease of Mobility Index.
- The defence ministry has come up with new guidelines that allow it to select private players for arms-production contracts following a transfer of technology from global vendors.
- Googlers around the world walked off the job on Thursday, protesting against the company’s perceived leniency towards sexual offenders.
- The US has scrapped duty-free privileges on import of at least 50 Indian products even as the government postponed tit-for-tat tariffs on American goods for a third time.
- Mastercard complained to the US government in June that India was promoting the RuPay payment network at the expense of foreign players, Reuters reports.
AUSTRALIA: Christmas spending starts early, Tourism campaign taps other Hemsworth, and more top news
- November is the new retail boom month as people do their Christmas shopping online.
- A decline in U.S. tourists will be addressed with a new Hemsworth campaign, but it’s not the Hemsworth you know.
- Woolworths has had the slowest quarter in two years as shoppers went to Coles for their Little Shop promotion and free plastic bags.
- NAB has posted a full-year profit of $5.55bn despite Banking Royal Commission legal and compensation costs.
- This week marks the 10th anniversary of bitcoin.
JAPAN: Rakuten, KDDI to tie up, Toyota to launch a car subscription service, and more top news
- Rakuten and KDDI to tie up on cellular network and mobile payments business.
- Toyota plans to start a vehicle subscription service from January 2019.
- Japan ranks 39th in World Bank’s ease of doing business ranking, dragged by low score on starting a new business.
- NTT Docomo to officially lower mobile phone fees by 20-40% amid government pressures.
- “Made-in-Japan GPS” Michibiki, which provides location information with centimeter-level accuracy, starts operation from November 1.
CHINA: Baidu’s L4 driverless car to mass production in 2019, HK unveil cryptocurrency regulatory rules, and more top news
- Baidu and FAW Hongqi unveil China’s first L4 autonomous passenger cars that will enter mass production by the end of 2019.
- Hong Kong unveil regulatory framework for cryptocurrency, the first of its kind.
- Chinese Liquor maker Moutai invest 450 million in Guizhou-Cloud Big Data, the China operator of Apple iCloud services.
- Short video platform Kuaishou is seeking investment at $25 billion valuation, according to media reports.
- Guangzhou launches China’s first driverless taxi service.