Alts hog limelight ahead of Coinbase listing April 7, 2021 Bitcoin has now been trading sideways in that narrow corridor between $56k and $60k for over a week. Can it now use this level as a springboard?
Pret A Manger to close 30 stores after lockdown, putting 1,000 jobs at risk July 6, 2020 At least 1,000 jobs are understood to be at risk at Pret A Manger as it prepares to close 30 of its shops following a brutal lockdown. Pret has said it has suffered “significant operating losses” during the UK-wide shutdown of non-essential shops since late March. And while it has reopened 339 of its 410 [...]
Uber executive disciplined over sexual misconduct September 26, 2018 Uber's head of corporate development Cameron Poetzscher was disciplined by the company last year, it emerged today, after it found he had made multiple sexually suggestive and inappropriate comments regarding fellow employees. An investigation by an outside law firm into the allegations was brought to Uber's attention in spring last year. This resulted in a formal warning, a [...]
Uber launches new subscription service across five US cities November 4, 2018 Ride-hailing app Uber has rolled out a new subscription scheme across five US cities. Based on subscriptions, the new ride pass will allow members to avoid surge pricing, when fees peak at rush hour and at other times when demand is high. The lowest monthly subscription comes in at $14.99 (£11.55) in Austin, Denver, Miami and Orlando, while [...]
The gig economy needs a creative touch to regulation, not a knee-jerk ban December 2, 2019 The gig economy is a central part of what makes London the vibrant, world-class city it is. From Deliveroo to TaskRabbit to Uber, technological innovation is enabling people to work in ways they never could before and serve the needs of customers. It should be no surprise that more than one in five of London’s [...]
UK coronavirus lockdown: Consumers spend more on video games and online shopping April 20, 2020 Britons have been spending more on video games and with Amazon, Apple and Argos during the UK coronavirus lockdown, according to the latest research. Digital bank Starling said its customers spent almost 300 per cent more on Playstation and Nintendo in the week ending 5 April compared to the week to 15 March, before the [...]
Uber to appeal Singaporean competition watchdog decision on Grab merger October 22, 2018 Uber has said it will appeal a decision made by the competition watchdog in Singapore on its merger with local ride-hailing rival Grab. The Competition and Consumer Commission of Singapore (CCCS) last month imposed fines of 6.42m Singaporean dollars (£3.6m) on Grab and 6.58m Singaporean dollars on Uber, in addition to business restrictions, after concluding that their [...]
What makes London a tech hub? June 29, 2020 Why the key to London’s future success is in its past – and what the UK must capitalise on to top the US as the world’s leading tech hub. 2019 was a bumper year for the UK tech sector. London overtook Beijing to become the third biggest tech hub globally and UK tech investment topped [...]
SoftBank warns of steeper losses as it takes hit on WeWork April 30, 2020 SoftBank has warned of further losses on investments outside its Vision Fund, piling pressure on founder Masayoshi Son’s bet on the struggling WeWork. The Japanese company widened its forecast for a net loss in the year ended in March from 750bn to 900m yen (£6.7bn). SoftBank said it expects to lose 700bn yen on a [...]
Uber fined by UK watchdog over data leak during 2016 cyber attack November 27, 2018 Ride-hailing giant Uber has been fined £385,000 by the Information Commissioner's Office, for failing to protect its customers' personal information during a cyber attack in 2016. The ICO said today that a series of "avoidable data security flaws" led to the leaking of information about 2.7m of its UK customers, including full names, email addresses and [...]