Lyft maintains end-2021 profitability goal August 12, 2020 Lyft said today that cuts had put the company on track to reach its goal of becoming profitable on an adjusted basis by the end of 2021, even as its revenue fell 61 per cent. Quarterly revenue fell to $339.3m, as the pandemic crushed demand for ride-hailing services in North America. The ride-hailing app said [...]
Facebook sued over Cambridge Analytica data scandal October 28, 2020 Facebook is being sued over its misuse of data during the Cambridge Analytica breach, opening the social media firm up to further fines for its role in the scandal. A group action lawsuit representing 1m users in England and Wales was filed today to gain “redress and compensation for the persistent mass misuse of personal [...]
Insurer RSA share price rockets after £7.1bn takeover deal approach November 6, 2020 Insurer RSA share price rockets after confirmation of break-up deal talks
Trump predicts Covid-19 vaccine to be available to every American by April September 19, 2020 US President Donald Trump has said he expects a vaccine for coronavirus to be available for every American by April. Speaking at a news conference on Friday, Trump told reporters he was optimistic of the vaccine being available in just seven months time and that it would be distributed within 24 hours of federal approval. [...]
US Senate committee votes to subpoena Twitter and Facebook bosses October 22, 2020 Top US lawmakers today voted to subpoena the chief executives of Twitter and Facebook after both platforms blocked controversial tabloid stories about Joe Biden’s son. Republicans on the US Senate judiciary committee approved the motion to haul in Jack Dorsey and Mark Zuckerberg unopposed today. Democrats on the committee had boycotted the meeting over the [...]
WAGs to riches: Rebekah Vardy wins first round of High Court battle against Coleen Rooney November 20, 2020 Rebekah Vardy has won the first round in her ‘Wagatha Christie’ High Court battle against fellow footballer’s wife Coleen Rooney, and will receive an initial £23,000 in costs from Rooney. London’s High Court ruled that Rooney’s social media post accusing fellow ‘wife and girlfriend’ (WAG) Vardy of leaking false stories about her to the media [...]
Joseph Stiglitz has wooed the left, but his straw men pose a real-life threat May 20, 2024 Joseph Stiglitz's new book makes a grotesque bogeyman of 'the right', and it will have dangerous consequences, writes Eliot Wilson.
US jobless claims rise as economic recovery stalls September 24, 2020 The number of Americans making new claims for unemployment benefits rose slightly last week amid worrying signs that the economic recovery was stalling. There were 870,000 jobless claims last week, up from 866,000 for the week ending 12 September, according to figures from the US Labor Department. The rise came as a shock to economists, [...]
US business growth slips slightly but remains ‘solid’ September 23, 2020 Growth in the US private sector was “solid” but cooled off slightly in September as services firms lost some momentum, a preliminary survey has shown. The IHS Markit US composite purchasing managers’ index (PMI) – which measures the health of companies – slipped to 54.4 in September from 54.6 in August. A score of above [...]
Sorry again: Uber apologises for secretly courting Emmanuel Macron in European lobbying push July 10, 2022 Uber have been forced to apologise once again after leaked files reveal that the ride-hailing giant courted top politicians to push its $90m-a-year lobbying and public relations efforts. The Uber Files, which contain 124,000 records from 2013 to 2017, show how the firm recruited political big dogs, including French President Emmanuel Macron and ex-EU commissioner Neelie Kroes, [...]