What Anthony Scaramucci did next March 4, 2019 After a brief and calamitous stint in the White House catapulted him to international fame, Anthony Scaramucci is back at SkyBridge Capital, the hedge fund he founded in 2005, he has revealed in an interview with Opto magazine. For a brief period in July 2017, Anthony Scaramucci found himself at the centre of American politics. [...]
Uber hack: 2.7m UK riders and drivers affected by huge data breach – more than half of all users November 29, 2017 Uber has revealed that 2.7m riders and drivers in the UK have been affected by a massive hack of data – more than half of its users in the country. It’s the first time any figure has been given for the UK specifically since the hack, in which information such as email addresses, names, and [...]
Journalist’s killing ‘premeditated’, says Saudi prosecutor, as government sign deals worth $56bn at summit October 25, 2018 Saudi Arabia's public prosecutor today said journalist Jamal Khashoggi's murder was premeditated. "The public prosecution received information from the Turkish side through the Joint Working Group between the Kingdom of Saudi Arabia and the Turkish Republic, indicating that the suspects in Khashoggi's case premeditated their crime," attorney general Shaikh Suood bin Abdullah Al Mo'jab said, according [...]
Daimler profits fall in “very challenging environment” for automotive industry October 25, 2018 German car maker Daimler reported that profits and revenue dropped sharply in the third quarter due to the “challenging environment” facing the automotive industry. The Mercedes-Benz owner reported a net profit of €1.8bn (€1.59bn) in the third quarter of the year, down from €2.2bn in the same period in 2017. Its earnings before interest and [...]
Mercedes-backed ViaVan launches weekly subscription following London launch June 22, 2018 Mercedes-backed ride sharing service ViaVan has launched its own weekly subscription service following on from its successful launch in London. The subscription, called ViaPass, starts at a launch price of £35 for a limited time only. New takers will also have access to four free shared rides daily for seven days, up to a value [...]
Keep an eye on these shares during General Election November 8, 2019 The UK is holding a general election on 12 December. All the political parties are keen to return discussion to domestic policies after years of neglect because of Brexit, but the UK’s proposed departure from the EU will continue to dominate the debate. Still, whichever party wins (or parties, if it results in a hung parliament) [...]
Softbank mulls majority stake in Wework October 10, 2018 Softbank is reportedly in talks to take up a majority stake in co-working giant Wework, despite the firm tripling its losses last year. Sources told Reuters the pricing and valuation of the deal has not been confirmed, while the Wall Street Journal earlier reported the investment could be between $15bn (£11.4bn) and $20bn from Softbank's Vision Fund. The fund [...]
Fintech startup Revolut is in talks to raise $500m from Softbank November 12, 2018 British fintech startup Revolut is raising a $500m (£389m) series D round from the likes of Japanese mega-investor Softbank, in order to fuel its aggressive expansion plans. Several sources have told City A.M. that the deal is set to close early next year, as Revolut tries to launch its banking app in the US, one of [...]
Toyota recalls more than 1m cars over fire risk September 5, 2018 Japanese carmaker Toyota said today it was recalling more than 1m cars globally because of an electrical fault that could lead to fires. In the UK 32,393 cars are affected, consisting of Prius, Prius Plug-in and C-HR Hybrid models manufactured between October 2015 and May 2018. Read more: Toyota invests $500m in Uber to propel [...]
CEOs should get out of the board room spend time on the shop floor October 2, 2018 In a recent study, nearly 80 per cent of consumers stated that the average brand doesn’t understand them. This hints at a worrying disconnect in business, particularly at a time when changing attitudes among consumers and workforces mean leaders should be connected to what is going on outside of their office door. The day-to-day demands [...]