City A.M.’s Rio 50: These are the 50 most marketable athletes at the Rio 2016 Olympic Games August 3, 2016 Do you thrill to the Mobot? Or tingle when Jess Ennis-Hill ducks for the line? Perhaps it’s Usain Bolt’s signature To Di World celebration, an Andy Murray fist pump, or gymnastics doyenne Simone Biles cheekily winking during a floor routine that brings out the goose-pimples. Everyone has their favourites: those sportsmen and women who we [...]
Tech unicorns face fresh bubble fear November 24, 2015 Traders are piling up short interest on early stage technology firms after a string of young companies made market-busting initial public offerings (IPOs). The so-called “unicorns” – companies which are valued at $1bn before they have launched onto the stock market – are being targeted by traders betting their share prices will fall. Although they [...]
Apple malware XcodeGhost hits iOS App Store in major China attack September 21, 2015 Apple is cleaning up its App Store after it was hit by a major malicious software attack from China. The malware, called XcodeGhost, was first identified by a number of internet security firms and is the first large-scale attack of its type to hit Apple. The malware is hidden in the code used by app developers, [...]
Anti-Uber taxi protests to be staged in Paris tomorrow December 14, 2014 Parisian cabbies could clog the city's streets tomorrow in a mass protest against a French court's refusal to ban a controversial service offered by taxi app Uber. Three taxi groups have called on cab drivers to block a number of main streets in Paris from 5am tomorrow, according to a report by news service France [...]
Four ways Uber promises to improve passenger safety in 2015 December 18, 2014 Uber has pledged to improve safety for passengers across four key areas next year, following the arrest of one of its drivers in New Delhi for rape. The taxi firm, which operates in 260 cities worldwide, has courted controversy over its screening of drivers in the past, with some critics claiming it puts passengers [...]
British shopper loads could lighten in race to roll out driverless vehicles September 6, 2015 BRITISH shoppers and businesses could save a fortune if haulage companies start using driverless technology, a new report has revealed. The study found that the advent of automated, driverless vehicles in the courier and haulage sectors could deliver nearly £34bn in savings in a decade, significantly lightening the load for companies if those savings are [...]
Why economics can prevent Europe’s refugee crisis from becoming even worse September 8, 2015 Emotions are running high over the refugee crisis, with heart-breaking images arousing waves of compassion across Europe. As ever, however, economics lurks in the background. The tragic stories of refugees coming to Europe rightly elicit a call to help those in need, but we must understand the underlying realities to truly do something about [...]
London’s digital economy could be worth £48.5bn – Oxford Economics and Virgin Media Business October 20, 2015 London’s businesses could be set to gain £48.5bn over the next two years if they fully harness the digital technologies available. Research from Oxford Economics and Virgin Media Business, seen exclusively by City A.M., shows that by going digital, London’s companies could increase their collective revenue by 3.6 per cent, and create around 171,000 jobs over [...]
Uber banned in New Delhi after driver rape allegations December 8, 2014 Uber has been banned in the Indian capital of New Delhi after one of its drivers was arrested on suspicion of raping a passenger. “[The] Transport Department has banned all activities relating to providing any transport service by the www.Uber.com with immediate effect," the city’s government said in a statement. Indian police arrested the Uber [...]
Tim Peake’s launch mission to the ISS is the start of a new era for the UK space industry as UK’s National Space Policy is announced December 16, 2015 All eyes have been on a desert in Kazakhstan this week. Baikonur Cosmodrome has seen the launch of the first human spaceflight, Sputnik and the first orbiting satellite. This week saw another first for this historic site, and a great leap forward for the UK space industry. Tim Peake has made his ascent to the International Space Station becoming the first [...]