The Rundown Rundown: Uber battles London, and more news around the world
Every day, LinkedIn publishes 10 Daily Rundowns, in 6 languages, around the world to get professionals up to speed. Here's a translated look at what each market is talking about today.
In reverse chronological order…
MEXICO: López Obrador leads presidential race, GM to build new SUV in Mexico, and more top news
- Left candidate Andrés Manuel López Obrador leads Mexican presidential race just one week ahead of the election.
- Despite President Donald Trump's efforts to pressure U.S. companies to increase manufacturing at home, GM confirmed it will produce a new SUV in Mexico.
- Mexican airline Volaris to offer free flights to reunite families separated by the Trump Administration's “zero tolerance” immigration policy.
- Finance and health sectors are the most vulnerable to hackers in Mexico and around the world, according to KPMG.
- Mexican fans need to pay more than 50,000 pesos to buy the complete collection of the 32 World Cup official jerseys.
BRAZIL: 60% of young Brazilians are thinking of leaving the country, Brazilian companies spend more on fighting financial crimes, and more top news
- Research reveals that 6 out of 10 young Brazilians are thinking about leaving the country.
- In Brazil, companies spend more on fighting financial crimes than the global average.
- The national government will reevaluate 300 Federal Union career paths in an effort to reduce spending.
- Global tech giants and fintech firms are a competitive threat to banks, according to the Bank for International Settlements.
- Walmart stake sale to investment firm Advent in Brazil is approved by Cade, a Brazilian federal authority that monitors abuses of economic power.
U.S.: Uber’s London battle, the rise of the robot restaurant worker, and more top news
- Uber will appear in court Monday in a bid to stay operational in London.
- Fast-food restaurants are turning to robots because they can’t find enough human workers, reports The Wall Street Journal.
- The Weinstein Co. will be sold for $23 million less than originally negotiated with private-equity firm Lantern Capital Partners, according to a lawyer representing the company.
- General Electric could sell off its industrial engine unit for at least $3 billion, The Wall Street Journal reports.
- Netflix Chief Communications Officer Jonathan Friedland has been fired by CEO Reed Hastings after he used a racial slur multiple times.
CANADA: Adobe’s plans for Toronto, Uber's London battle, and more top news
- Adobe is planning to open an artificial intelligence lab in Toronto and has started to advertise positions there.
FRANCE: Fixed-term contracts on the rise, L’Oréal and Casino launched beauty drugstores, and more top news
- Share of fixed-term contract positions in France grew from 76% to 87% between 1993 and 2017.
- L’Oréal and French retailer Casino have launched beauty drugstores in Paris.
- Airbus to sign a $5 billion contract with Greek carrier Aegean.
- French biotech Nanobiotix announced new advances in cancer research.
- YouTube unveils new ways for content creators to make money.
DACH: BMW and Airbus warn of Brexit, Daimler halts delivery of Diesel cars, and more top news
- BMW and Airbus warn of “hard” Brexit: This could threaten tens of thousands of workers in the U.K.
- Daimler halts delivery of certain diesel cars until a software update removing illegal manipulation of emissions data is ready.
- CEOs of large companies don’t work all the time. A study finds that they average 10 hours a day – not much more than other professionals.
- U.S. Congress scolds Google for its cooperation with Chinese manufacturer Huawei, citing national security concerns.
- Insurance companies are feeling the heat of low interest rates. Munich Re is considering selling multiple subsidiaries, and Allianz is reportedly planning to cut thousands of jobs.
U.K.: Uber launches appeal against London ban, first home deposit out of reach for UK singles, and more top news
- Uber will launch a legal bid to operate in London, nine months after Transport for London banned the ride-hailing app.
- Single first-time buyers looking to get into the London market will have to save for 17 years to raise enough for a 15% deposit.
- British export growth is falling behind its European counterparts. Data from accountancy firm BDO showed export growth fell to its slowest pace since the Brexit vote in the three months to June.
- Morrisons is bringing back traditional brown paper bags, in its latest attack on plastic.
- The U.K. music singles chart will include online views of videos for the first time.
INDIA: Google eyes India for e-commerce play, Indian airlines to charge more for excess baggage, and other top news
- India could be the testing ground for a Google e-commerce venture. The search giant may launch its e-tailing service in the country around Diwali.
- Low-cost carriers IndiGo, GoAir and SpiceJet will now charge ₹400 for every kilo of check-in luggage above 15 kg, up from ₹300 earlier.
- Maharashtra’s plastic ban could render up to 300,000 people jobless and result in a revenue loss of ₹15,000 crore.
- The Idea-Vodafone merger may be delayed as India’s Telecom Department seeks ₹4,700 crore from Vodafone India in one-time spectrum charges.
- India’s government will evaluate top civil service officers on their financial and moral integrity.
AUSTRALIA: Miners sue BHP over gig economy, Channel Nine gets the Australian Open, and more top news
- More than 400 casual miners are suing BHP for the $40 million they would have made if they were employees.
- Channel Nine has bought the rights to the Australian Open from Channel Seven.
- Sydney hotels had a record-breaking month thanks to light show Vivid and Mercedes-Benz Fashion Week.
- Australians are spending a collective $6.6 billion a year on international websites, according to financial services group ING.
- Domestic flight fares increased by 8.9% last year.
CHINA: Xiaomi accused of IPO disclosure violations, the 100 billion yuan industry behind ‘Produce 101’, and more info
- Smartphone maker Xiaomi has been accused by prominent environmentalists of failing to disclose environmental transgressions by one of its suppliers in its IPO application to the Hong Kong Stock Exchange.
- Talent show ‘Produce 101’ shows an upward trend in the “idol industry.” The total size of China’s “idol industry” is expected to reach 100 billion yuan in 2020.
- China’s central bank will cut the amount of cash some lenders must hold as reserves, unlocking about 700 billion yuan ($108 billion) of liquidity, as it seeks to control leverage and support smaller companies.
- Chinese home buyers are shifting their targets from Australia and the U.S. to Southeast Asia.
- 58.com, an online marketplace for classified ads, has been accused of publishing fraudulent job ads.