Amazon share price opens higher as Prime membership cost increases January 19, 2018 Amazon Prime customers in the US will now have to pay $12.99 (£9.37) a month for the service after the tech giant bumped up prices from $10.99. Shares in the company opened up more than one per cent. Students members will also face a monthly price rise of one dollar to $6.49. But users who [...]
London-based food delivery startup City Pantry which serves lunches to Amazon and Google raises £4m from Octopus April 9, 2018 A startup which delivers food from local caterers directly to offices in the City has raised £4m to expand across the UK. City Pantry, which already serves clients such as Amazon, Google, Spotify and Unilever, currently serves over 20,000 meals every week to the employees of more than 500 companies. Octopus Investments led the latest [...]
The government must boost data sharing if it is to keep up with industry June 24, 2019 Government as a whole can get a bad rap when different departments don’t work together properly, so we should give it credit for when it does things right. When a family member dies, the last thing you want is to have to tell all the different bits of government time and time again. Thankfully there [...]
Global cooperation is under threat – here’s how to revive it September 9, 2019 Now is a difficult time for international cooperation. The Amazon is ablaze, and world leaders seem powerless to save the planet’s lungs from careless destruction. The global economy is teetering on the brink of a downturn, with a US-China trade war showing no signs of abating. Meanwhile, the UK is set to launch in November [...]
US Court of Appeals backs AT&T takeover of Time Warner February 26, 2019 US telecoms giant AT&T’s takeover with Time Warner was given the green light today by a federal appeals judge that ruled in favour of the acquisition. An appeals court rejected the Justice Department's bid to overturn a ruling that approved the $80bn (£60bn) merger, which has led to one of the largest US anti-trust lawsuits in [...]
UK startups break records with $4.8bn VC funding this year June 4, 2019 UK tech startups have already broken past their half-year record for venture capital investment, reaching $4.8bn (£3.8bn) of funding across the burgeoning tech sector in just five months. It topped the previous record set in the first six months of 2017 of $4.2bn, according to data from Tech Nation and Dealroom through their new Data [...]
HMRC claims its online tax evasion crackdown has clawed back £200m January 11, 2019 The government claims to have recovered more than £200m of lost VAT from overseas sellers since gaining new powers, saying its crackdown on online tax evasion is paying off. HMRC has issued over 4,600 ‘red flag’ notices to online marketplaces such as Amazon and Ebay since 2016. The flags, called Joint and Several Liability (JSL) [...]
City Moves for 7 February – who’s switching jobs at Onfido, Brewdog and Mastercard? February 6, 2019 Who’s on the move today? Onfido Global identity-verification provider Onfido announced it has hired Mohan Mahadevan as its vice-president of research. The former head of computer vision and machine learning for robotic applications at Amazon will lend his expertise to Onfido’s 250-strong team of technologists across San Francisco, New York, London, Lisbon, Delhi and Singapore [...]
The biggest tech breakthroughs of the last decade December 18, 2019 It is easy to forget, as we approach the end of not just 2019 but also the decade, just how far technology has developed over the past 10 years. To mark the end of the era, City A.M. asked several experts for what they think have been the biggest technological breakthroughs or advancements made in [...]
Uber’s float is a huge gamble on the future of transport May 10, 2019 Every time you jump into an Uber, your ride is essentially subsidised by venture capitalists who prop up the loss-making outfit in the hope of riches down the road. Later today in New York, many more hopefuls will get the chance to back the immensely-popular-yet-controversial tech firm when it finally comes to market. Similarly [...]