Apple teams up with Volkswagen to create self-driving vans after decline from Mercedes and BMW May 24, 2018 Technology giant Apple has struck a deal with the German car manufacturer Volkswagen to develop self-driving vans for its employees, according to the New York Times. Apple will be applying its own self-driving technology to Volkswagen’s T6 Transporter van and create a fleet of vehicles intended for transporting employees. The ambitious project was started by [...]
From John Lewis to Jaguar: The companies Brits most want to work for May 24, 2018 John Lewis has been ranked the company Brits would be most proud to work for, in a new YouGov poll. The high street stalwart was followed by M&S, Mercedes-Benz and then Jaguar. The polling giant asked the public whether they would be proud or embarrassed to say that they work at a business, and this [...]
Mayor Sadiq Khan backs TfL working on delivering a hyperloop proposal for London May 24, 2018 Sadiq Khan has said he would back proposals for a hyperloop system in the capital, and that Transport for London (TfL) would be ready to help deliver the plans. London’s transport body does not intend to develop proposals itself at present, but the mayor said he is keeping tabs on developments, and TfL will “of [...]
London house prices see biggest annual drop in the whole of the UK May 24, 2018 London house prices were the worst performing in the UK over the last year, according to the latest figures from the Office for National Statistics (ONS). The ONS House Price Index, compiled in conjunction with the Land Registry, showed that house prices in the capital decreased by 0.7 per cent over the last year. This [...]
Crossrail latest: New Elizabeth Line trains tested in tunnels under London as Europe’s largest infrastructure project wraps up May 24, 2018 Crossrail has released the first footage of the new Elizabeth Line trains being tested in the tunnels under London, along with pictures showing construction progress of the £14.8bn project ahead of the December launch. The new railway will serve 41 stations including 10 newly built ones, and run from Reading and Heathrow in the west [...]
Liverpool sign £160m sponsorship deal with Standard Chartered | City A.M. May 24, 2018 European Champions League finalists Liverpool football club today signed a £160m four-year sponsorship deal with Standard Chartered Bank. The agreement is an extension to Standard Chartered’s current sponsorship of the Premier League club, taking the partnership through to the end of the 2022/23 season. Standard Chartered is a London-listed lender with 1,000 branches across 60 [...]
Play-off final prize money 2018: Here’s how much Fulham and Aston Villa could earn from promotion to Premier League May 24, 2018 Fulham and Aston Villa stand to receive at least £160m in future revenues by winning this Saturday’s Championship play-off final, but despite the obvious incentive industry analysts Deloitte warn that clubs should not spend beyond their means in pursuit of Premier League riches. According to Deloitte’s Sport Business Group the two clubs could even earn [...]
Uber sets up new tech hub in Paris focusing on artificial intelligence and flying taxis May 24, 2018 Uber’s flying taxi plans are well and truly taking off. The company announced this morning that it will be building a new advanced technologies centre in Paris for research focused on its flying taxi Uber Elevate project. The research and development hub will be its first outside of North America, and over the next five [...]
Deutsche Bank announces plans to cut over 7,000 jobs as part of broader restructuring May 24, 2018 Deutsche Bank said this morning it intended to reduce headcount by over 7,000 with cuts already getting underway. The German lender intends to slash the number of full-time positions from just over 97,000 to “well below” 90,000 as part of wider work within the company to cut costs and return to profit. We remain committed [...]
Analysts pour scorn on rumours of a tie-up between Barclays and Standard Chartered May 24, 2018 Barclays and Standard Chartered? Rarely has a mooted deal been so swiftly dismissed by City analysts. The words “madness,” “mystifying,” and “farfetched” were found in most of the notes distributed by those whose job it is to keep a watchful eye on the sector. And yet the idea exists, in some minds at least, else [...]