Should cities limit Uber numbers? €5bn wiped off Italy's Atlantia, and more top news
LinkedIn Daily Rundown (Europe)
The news European professionals need to know now.
The news professionals in Europe are talking about now, curated by LinkedIn’s editors. Join the conversation on today's stories in the comments.
London’s mayor wants to impose a cap on Uber drivers. A week after New York announced its plan to restrict the number of ride-hail vehicles, Sadiq Khan has asked the UK government to give him powers to impose restrictions, arguing it would “enable Londoners, like New Yorkers, to breathe better air and live in a less congested city”. Uber recently secured a 15-month licence to continue operating in London. ? Here’s what people are saying.
Shares in Atlantia slumped 22%, wiping €5bn from its value, after the Italian government said Autostrade was to blame for the fatal bridge collapse in Genoa. Autostrade is owned by Italian infrastructure operator Atlantia, whose biggest investors are the Benetton family, with a 30.25% stake. Meanwhile, the EU has hit back at claims it blocked the country from spending more on infrastructure. At least 39 people were killed and 15 injured on Tuesday when the Morandi Bridge caved in during heavy rain. ? Here’s what people are saying.
Turkey’s finance minister has pledged to protect banks and cut back on public spending. In a call to 6,000 foreign investors, Berat Albayrak insisted the country would not have to seek a bailout from the International Monetary Fund. The news helped the lira to rally 4% however it slipped again with the announcement that the US is preparing further sanctions against Turkey. ? Here’s what people are saying.
Social media stars are under investigation over claims they are not clearly stating when they are being paid for a post. The Competition and Markets Authority says influencers who don’t label their posts properly are misleading followers who could be led to believe the endorsement is the star’s own view. Sponsored Instagram posts earn on average $300 (€264) each. ? Here’s what people are saying.
Greece is suffering from a brain drain, reveals the Financial Times. As the nation recovers from the financial crisis, the number of educated Greeks who have moved away, mostly to other European countries, threatens its long-term stability. Since 2010, between 350,000 and 400,000 Greeks have emigrated, two-thirds of whom are university graduates, many with postgraduate qualifications. ? Here’s what people are saying.
Idea of the Day: Feeling pressed for time can hinder creative thinking, but if we better understand the psychology of time, we can start to make it work in our favour, says Ogilvy chief strategy officer Kevin Chesters.
“We can’t create time. Or bend time. And until they invent one of those Hermione Granger time-turners we can’t make it run backwards either. But we can change our relationship with it.”
What's your take on today’s stories? Share your thoughts in the comments.
ERP Project Manager PMI-PMP?
6 年Brain drain is a fact in Greece for the last 10 years of crisis. There should be opportunities for young people to create new businesses like? lower tax rates or european funding? in order to stay and invest in their country.
Future of Work | People & Culture | Diversity Equity & Inclusion - Building a better workplace for everyone to grow in.
6 年A bit controversial but i don’t think so , no not necessarily. I think this isn’t the issue at all.
Port Network Management Specialist at Wallenius Wilhelmsen
6 年Chances of a daily rundown sent to this many people being within my sphere of interest is are so low, I don’t even read it. How do I turn off information I haven’t asked for?
Economist, Entrepreneur
6 年https://youtu.be/hUrPF46BpnI
Economist, Entrepreneur
6 年Uber exists because Taxis do not compete and they cannot service the mass of customers.