Uber just renewed its feud with London’s regulators August 8, 2016 Uber is turning to its customers to help it fight "bureaucratic" new rules imposed by Transport for London, including an English exam "harder than the test for British citizenship", renewing its feud with regulators in the capital. The billion-dollar company said the rules would "threaten the livelihood of thousands of drivers", reducing their numbers and thus increasing the [...]
This London tech startup is planning to list on AIM August 8, 2016 A tech startup based in London is planning to go public with a multi-million pound listing on the capital's junior market. LoopUp is seeking to raise £9m, it's understood, which would give the firm a market capitalisation of up to £45m, and plans to list by the end of August on the Alternative Investment Market (AIM). The startup takes [...]
Robots: They’re coming for our jobs – and our world records… August 8, 2016 A Chinese company has set a new world record for the most robots dancing simultaneously. We're all aware that it's only a matter of time before our robot overlords machines take over our jobs, and now they're coming after our hobbies too – and even managing to set Guinness World Records. Engineering firm Ever Win [...]
You’re probably lying about how much you eat (but the whole country is too) August 8, 2016 The nation is in a bit of a conundrum when it comes to the problem of obesity. The number of people who are overweight is rising, but people say they are eating less. How to explain this puzzle? Now, researchers at what was formerly the government's so-called nudge unit, have identified the potential crux of the problem [...]
Amazon’s Japan office reportedly raided August 8, 2016 The offices of Amazon in Japan were raided by authorities, according to local media. Officials from the Fair Trade Commission, the country's competition watchdog, were probing the retail giant's offices on suspicions that it unfairly forced sellers to favour its own platform over rival ones, according to Nikkei. Read more: Prime Day was the biggest [...]
Fintech founders choose their favourite business books August 8, 2016 Stuck for what to read this summer and want to use the time improving your business acumen? City A.M. has asked five of London’s leading fintech founders what they’d recommend. Hiroki Takeuchi, co-founder of GoCardless, the online direct debit provider Five dysfunctions of teams, by Patrick Lencioni I love books that introduce me to [...]
Tesla’s autopilot drove a man having heart pains to hospital August 7, 2016 Could self-driving cars saves lives? One man thinks they may have done already – and that's because it happened to him. A man who suffered severe heart pains at the wheel of his car was lucky enough to be driving a Tesla that could drive him to hospital thanks to a feature known as autopilot. In fact, it [...]
This German unicorn tech startup could IPO as soon as next year August 7, 2016 Food delivery startup Delivery Hero could go public as soon as next year, its chief executive has revealed. The German startup, a so-called unicorn valued at more than $1bn, could IPO next year but is in "no hurry" and can wait for the right conditions. "Whether it will happen next year? It is quite possible," said [...]
BBC to send vans to flush out illegal iPlayer users August 6, 2016 The BBC is planning to catch out people illegally using its iPlayer service by sending out vans equipped with WiFi detection devices, the Telegraph reported today. From the 1 September people watching the BBC using its iPlayer catch-up site will need to have a TV licence. The BBC's vans will be looking to find those who are dodging the £145.50 [...]
Deliveroo just raised $275m to fend off Uber August 5, 2016 Deliveroo, the London-based food delivery startup whose bikes are swarming the capital, has just raised another $275m (£209m) in an effort to ward off a growing threat from Uber. The company said the Series E investment round was led by Bridgepoint, existing investor DST Global and General Catalyst, with participation from Greenoaks Capital. The company said [...]