London fintech startups poised to expand in established European hub October 23, 2018 The UK's fintech industry, the country's most funded technology sector, is poised to expand internationally as UK hubs begin to sprout up in destinations such as Amsterdam. Three UK payments fintechs have jointly chosen the Netherlands as their European base, City A.M. has learned, seeking to reinforce their offering for European customers amid regulatory uncertainty. [...]
Dyson to manufacture its first electric car in Singapore October 23, 2018 British technology company Dyson has announced that it will set up a new site in Singapore for building its first electric car. The facility is expected to be completed by 2020, with the first cars being sold in 2021. Read more: Dyson plugs £200m into driverless cars UK technology campus Chief executive Jim Rowan said [...]
Londoners to fund Uber’s £200m plan for cars to go fully electric by 2025 October 23, 2018 All Uber cars driving in London will be fully electric by 2025 under the firm's new clean air plan for the capital, funded by its citizens through a fares hike. From early next year, a so-called clean air fee will be added to every Uber ride at 15p per mile, which will then be funnelled [...]
How to capitalise on the electric car revolution October 23, 2018 Electric vehicles have existed since 1828, and yet their prevalence in popular society has remained the stuff of science fiction for more than two centuries. It’s only recently that electric cars have become commonplace, helped partly by government policies – such as the planned ban on the sale of new petrol and diesel vehicles by [...]
DEBATE: With Nick Clegg joining Facebook, can we expect a new revolving door between politics and Silicon Valley? October 23, 2018 With Nick Clegg joining Facebook, can we expect a new revolving door between politics and Silicon Valley? YES, says Leon Emirali, an entrepreneur and investor. Stifling regulation, immense political upheaval, and very deep pockets have created the perfect environment for a politics/tech merry-go-round. For the Silicon Valley giants, it makes perfect sense to use their [...]
Flying taxis could help smart transport take off October 23, 2018 Flying taxis have this week moved one step closer to take-off, as the European Aviation Safety Agency (EASA) opens a consultation for new rules to govern drone-filled skies. And not a moment too soon. Last month, a drone capable of carrying human passengers was trialled in Gloucestershire, while another British firm is working on electric [...]
A luddite levy on online shopping won’t help the high street October 23, 2018 Time and time again over the past few months, we’ve heard prominent figures in the retail world call for a special sales tax on online companies to help prop up their struggling sector, from the Tesco chief executive Dave Lewis, to the New West End Company that represents Selfridges and Marks & Spencer. Chancellor Philip [...]
The UK extends its lead as Europe’s established tech unicorn capital October 23, 2018 London has cemented its standing as the capital of Europe’s billion-dollar technology startups, as surrounding cities help to push the UK forward while its companies expand internationally. New figures released today show the UK has now created 60 so-called unicorn startups – companies with a valuation of $1bn (£769.6m) or more – since 1990, according to [...]
Softbank operations boss to pull out of Saudi investment conference October 22, 2018 Japanese technology giant Softbank's chief operating officer is reportedly set to pull out of this week's Saudi Arabia business summit, as one of the world's biggest tech backers struggles with its controversial ties to the region. Marcelo Claure is said to have asked organisers of tomorrow's Future Investment Initiative conference in Riyadh to remove his name from [...]
Industry heavyweights from Barclays, RBS and Coutts back new personal investment robo-adviser Pia October 22, 2018 Big-name former executives from institutions such as Barclays, HSBC and Coutts are behind a new startup aiming to help consumers navigate the world of investing. Pia, an online "personal investment assistant" scheduled to begin its launch in summer, counts advisory board members such as T Rowe Price Global Investment Services' former chief executive Todd Ruppert, [...]