Softbank boss Masayoshi Son ‘embarrassed’ by track record October 7, 2019 Softbank chief executive Masayoshi Son has admitted that he is “embarrassed and flustered” by his track record at the Japanese conglomerate. Read more: Softbank’s second fund hit by failed Wework listing In an interview with local media, Son said he felt that his accomplishments at Softbank had not yet lived up to his goals. “When [...]
Citymapper appoints advisers amid takeover interest January 28, 2020 Public transport app Citymapper has tapped advisers from US bank Raine after receiving overtures from several global tech firms. Sources told Sky News that the platform, which is available in 41 cities, brought Raine on board last week to guide it through discussions with several suitors. The expressions of interest, which were unsolicited, relate to [...]
Uber shells out $148m to settle cyber attack legal case September 28, 2018 Taxi giant Uber has had to pay out $148m (£113m) to settle a legal case over a recent cyber attack. The 2016 breach led to the information of 57m customers and drivers being exposed. Uber paid the hackers $100,000 to delete the data they had taken from the company's servers. The data included information such as the number [...]
Sharing is caring: How Via Van is making a capital connection July 29, 2019 “When we told people we were going to launch a shared ride-service in New York they told us we were crazy,” says Chris Snyder, the chief executive of new kid on the block, Via Van. Six years later, and Via Van is the provider of 1.5m rides across key US cities and 60m rides globally. [...]
Sadiq Khan is wrong — extending the furlough scheme would hinder London’s recovery, not help it June 25, 2020 Warning of a “looming unemployment crisis”, Sadiq Khan this week made an appeal for a further extension of the Coronavirus Job Retention Scheme (CJRS), under which more than a million Londoners have been furloughed. His concern for London jobs is understandable. But it would be wrong to continue the scheme beyond October. Furloughing made sense [...]
City Moves for 11 March — Who’s switching jobs at Wavemaker, Waypoint Capital and CapitalRise? March 11, 2020 Today’s City Moves includes Wavemaker, Waypoint Capital and CapitalRise Wavemaker Wavemaker UK has announced the appointment of Elliott Millard as head of planning. Based in London, Elliott will lead a team of 65 planners, taking responsibility for the strategic element of key new business pitches. Elliott brings over 18 years of media industry leadership experience [...]
Russia’s Sberbank moves into driverless cars with joint venture November 28, 2019 Sberbank, Russia’s largest lender, is moving into driverless cars with a new investment in AI transport startup Cognitive Technologies. Read more: Uber partly to blame for driverless car death, says US watchdog The state-owned bank will take a 30 per cent stake in a new company, Cognitive Pilot, while Cognitive Technologies will take a 70 [...]
US trade representative: Phase one of deal is ‘totally done’ December 16, 2019 The first phase of a US-China tariff deal is “totally done”, according to US trade representative Robert Lighthizer. Last night Lighthizer said there would be some routine “scrubs” to the text but “this is totally done, absolutely.” Read more: Trump: US to suspend tariffs Speaking on CBS’ “Face the Nation”, he said that a time [...]
Cryptoforhealth Twitter Scam exposes the benefits of cryptocurrency, not the flaws July 21, 2020 Bitcoin tends to get a bad wrap and has ever since its inception. It’s a useful headline for the media, doom mongers and legacy protectors that always have a go. The truth is that the scale of this activity in the cryptocurrency space pales in significance compared to the multi billion dollars scammed everyday from [...]
FTSE 100 and European stocks leap on trade deal optimism November 4, 2019 European markets including the FTSE 100 opened higher this morning, as traders began the week with growing optimism over the current US-China trade war. London’s blue-chip index rose 1.1 per cent to 7,384 points in morning trading, while the Dax and the Cac also made similar gains. Read more: Volatile markets boost TP Icap revenues [...]