The number of London workers with daily commutes of two hours or more is up by nearly a fifth November 18, 2016 You haven't imagined it: long commutes in the capital are increasing. The number of employees having to suffer through daily commutes of two hours or more has gone up nearly a fifth (17.2 per cent) over the past five years, according to new analysis from the Trades Union Congress (TUC). In 2015, 930,612 London workers had daily [...]
Apple’s driverless car plans have totally veered off course October 17, 2016 Apple's not-so-secret plans to create a fleet of driverless iCars have apparently veered off course with the tech giant seriously dialling back on its plans for the technology. Project Titan, as it's known internally, has been Apple's worst kept secret for the past year or so and has been credited for its rocketing spend on R&D. Now, Apple has "drastically scaled [...]
In pictures: Mercedes-Benz has unveiled its concept electric Maybach and it is enormous August 19, 2016 Mercedes-Benz's Maybach brand has never been one for the faint-hearted (or, indeed, thin-walleted). But now the company has unveiled the latest (conceptual) addition to its family – and it's a monster. The Vision Mercedes-Maybach 6, which will make its debut at Monterey Car Week in California this week, is a whopping six metres in length – [...]
Uber’s $62.5bn valuation means it’s worth more than BT, Prudential and Barclays – and 86 other FTSE 100 constituents December 4, 2015 Uber is reported to have filed paperwork outlining plans to raise as much as $2.1bn (£1.4bn) in its latest funding round. Were the company to complete that funding round (and according to the Bloomberg report, the wheels are very much in motion for that to happen – with Tiger Global Management and T Rowe Price both [...]
Uber, Airbnb, eBay and Etsy: 2.5m people a month are now part of the online sharing economy, finds JP Morgan February 18, 2016 From selling items on eBay to renting out a spare room on Airbnb, 2.5m people each month are now earning money from the sharing economy, according to one of the most comprehensive studies of the new and fast-growing part of the economy to date. Those participating, who are more likely to be young and on lower incomes, earn around 20 to 30 per [...]
Uber support grows ahead of Transport for London consultation deadline December 7, 2015 Business lobby group The Institute of Directors (IoD) has weighed in on the proposals to curtail car hire app Uber, branding them “unfriendly to entrepreneurialism, innovation and fair competition”. Transport for London (TfL) has been seeking the views of organisations and individuals since September on whether it should bring in a raft of new rules [...]
Uber lets Londoners book black cabs without charging drivers as olive branch in regulation row, but industry and Hailo reject offer February 9, 2016 Black cabs will be available to passengers through the Uber app in a significant move aimed at dispelling tensions between tradition and technology on London's roads. Uber will make the app available for black cab drivers to find fares with no commission fee for the first 12 months, allowing them to pick up passengers in the same way as Uber drivers [...]
Are London-only visas a good idea? November 10, 2016 Richard Brown, research director at the Centre for London, says Yes. For much of the UK, immigration was the big issue in the EU referendum. Londoners have always been slightly more relaxed. One in four workers in the capital are from overseas, and Londoners in general are far more positive about immigration than people from [...]
Uber’s new carpooling service Uber Commute could change your commute September 23, 2015 Uber is trialling a carpool tool which allows people on longer drives to pick up extra passengers they can split the cost with. The new service, called Uber Commute, will be piloted in Chengdu, China first, but the plan is to expand to the rest of the world, Uber said in a statement: Over time [...]
From Google’s tax row and the Black Cabs vs Uber to Storm Imogen and the bank bloodbath: Here’s what got us talking this week February 12, 2016 We saw what London would look like if all the skyscrapers being considered got built. A Shoreditch development is bringing history to centre Stage. And we learned how much the Night Tube delay has hurt house prices in central London. Here's what got us talking this week The banking sector is facing its toughest period since [...]