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Today World News : Mexico saw a record number of murders in the first six months of the year, with an average 94 killings each day, according to the Mexico News Daily. The news outlet, citing figures from the Secretariat of Security and Citizens Protection, noted that June saw the most murders of any month on record, with more than 3,000 people killed. The violence has reached such a fever pitch that Mexico President Andres Manuel Lopez Obrador, who was sworn into office in December, has decided to send the National Guard to some areas, including Mexico City, a controversial move that critics say will not solve the high homicide rate and will instead lead to abuses. Among the areas in the country with the most homicides are Mexico City, Veracruz, Chihuahua and Jalisco, the news outlet reported. The state with the highest murder rate is Guanajuato, where the Jalisco New Generation and Santa Rosa de Lima cartels are engaged in a power struggle, according to the BBC...

Today Business News : “There’s no guarantee that Amazon.com can be a successful company. What we’re trying to do is very complicated,” said Jeff Bezos in 1999, just five years after launching the online firm. That the firm’s founder was so uncertain of its future seems surprising. Today, 25 years on from when it started, Amazon is one of the most valuable public companies in the world, with Mr Bezos now the world’s richest man, thanks to his invention. What started as an online book retailer has become a global giant, with membership subscriptions, physical stores, groceries for sale, its own smart devices and a delivery system which can get things to customers in just an hour. So how has the Amazon empire been built? Amazon’s innovation can be clearly seen in its financial results. Last year, it became the world’s second-ever public company to be valued at $1 trillion, after Apple, and it has the second-highest market valuation in the world, after Microsof...

Today Business News : Daimler , the German auto company that makes Mercedes-Benz, has slashed its 2019 profit expectations by hundreds of millions of euros. The financial downgrade, announced Sunday, is the latest fallout from the diesel emissions scandal that has rocked the German auto industry. The company said that “various ongoing governmental proceedings and measures relating to Diesel vehicles” will affect the company’s second quarter earnings for the 2019 fiscal year. It said it expects an increase in expenses related to those proceedings. German automakers have faced years of scrutiny regarding harmful emissions that diesel vehicles produce. That scrutiny stems from a 2015 admission by another German automaker — Volkswagen (VLKAF) — that it rigged millions of diesel engines to cheat on emissions tests. The revelation trashed confidence among consumer and regulators in diesel technology and cost Volkswagen tens of billions of dollars in recalls, legal penalti...

A US move to put Huawei on a trade blacklist “sets a dangerous precedent” that will harm billions of consumers, the firm’s top legal officer said. Speaking at a press conference, Song Liuping said the trade ban would also “directly harm” American companies and affect jobs. Washington recently added Huawei to a list of companies that US firms cannot trade with unless they have a licence. The trade ban is part of a wider battle between the US and Huawei. Washington has moved to block the Chinese company, the world’s largest maker of telecoms equipment, on national security concerns. Huawei has repeatedly denied claims the use of its products presents security risks, and says it is independent from the Chinese government. “Politicians in the US are using the strength of an entire nation to come after a private company,” Mr Song said. He said the decision to put Huawei, which is also the world’s second largest smartphone maker, on the so-called “entity list”...

Fiat Chrysler has made a “transformative” merger proposal for French car maker Renault, the Italian firm said on Monday. The combined business would be 50% owned by Fiat shareholders and 50% by Renault stockholders. The carmaker said the merger would create a global automotive leader, with 8.7 million vehicle sales. Carmakers have faced pressure to consolidate amid major industry shifts, including towards electric vehicles. Shares in both companies rose strongly following the announcement. In a statement, Fiat Chrysler (FCA) said the planned merger would create a “world leader in the rapidly changing automotive industry with a strong position in transforming technologies, including electrification and autonomous driving”. Fiat said that if the firms’ 2018 financial results were totted up, the combined company’s annual revenues would be nearly €170bn (£149.6bn; $190.5bn), with operating profit of more than €10bn and net profit of more than €8bn. No plant cl...