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Nissan blames Brexit for decision not to build SUV in U.K.

A Nissan assembly line in Morocco. Photo: Fadel Senna/AFP/Getty Images

Nissan confirmed Sunday that a new SUV model that was originally planned to be built in a factory in northern England will instead be built in Japan, blaming uncertainty due to Brexit, per the BBC.

Why it matters: The decision means that hundreds of jobs planned for the Sunderland plant — an area of England that voted heavily to leave the European Union in 2016 — won't come to fruition. And it reflects a wider trend across the business world as corporations seek to move away from areas of global chaos, highlighted by Dyson's recent decision to move its global headquarters from the U.K. to Singapore.

Go deeper: Corporations are fleeing global chaos

Go deeper

Kia Kokalitcheva
48 mins ago - Economy & Business

The rebellion against Silicon Valley (the place)

Photo illustration: Sarah Grillo/Axios. Smith Collection/Gado via Getty Images

Silicon Valley may be a "state of mind," but it's also very much a real enclave in Northern California. Now, a growing faction of the tech industry is boycotting it.

Why it matters: The Bay Area is facing for the first time the prospect of losing its crown as the top destination for tech workers and startups — which could have an economic impact on the region and force it to reckon with its local issues.

Go deeper (2 min. read)Arrow
Erica Pandey, author of @Work
58 mins ago - Economy & Business

Telework's tax mess

Illustration: Annelise Capossela/Axios

As teleworkers flit from city to city, they're creating a huge tax mess.

Why it matters: Our tax laws aren't built for telecommuting, and this new way of working could have dire implications for city and state budgets.

Go deeper (2 min. read)Arrow
Sara Fischer, author of Media Trends
58 mins ago - Economy & Business

Wanted: New media bosses, everywhere

Illustration: Sarah Grillo/Axios

The Washington Post, Los Angeles Times, Reuters, HuffPost and Wired are all looking for new editors. Soon, The New York Times will be too.

Why it matters: The new hires will reflect a new generation — one that's addicted to technology, demands accountability and expects diversity to be a priority.

Go deeper (1 min. read)Arrow