London food delivery startup Deliveroo takes away $70m series C funding from Greenoaks Capital, Index Ventures, Accel and Hoxton Ventures July 28, 2015 A London startup which delivers food from some of Britain's favourite high-street restaurants such as Wagamama and Gourmet Burger Kitchen straight to your door, has landed $70m (£45m) of new investment to expand internationally, including backing from the firm behind Just Eat. Deliveroo's series C round was led by Greenoaks Capital and existing investor Index [...]
Elon Musk, Stephen Hawking and Steve Wozniak call for ban on killer robots warning “the stakes are high” July 28, 2015 As far as we're aware, the Terminator was never brought to a halt by a petition. But that hasn't stopped more than 1,000 high profile artificial intelligence experts attempting pretty much that. Tesla’s Elon Musk, Apple co-founder Steve Wozniak, Google DeepMind chief executive Demis Hassabis and professor Stephen Hawking are among those to have [...]
David Cameron: There will be no second Scottish independence referendum while I am Prime Minister July 28, 2015 The Prime Minister has rejected claims by Scottish National Party leader Nicola Sturgeon that she will dictate when a second Scottish independence referendum takes place, ruling out another vote in the current parliament. The timing of a second vote, Sturgeon said, would ultimately be her decision, agreeing with Alex Salmond, former SNP leader, that it [...]
IMF tells Eurozone: Learn how to hire and fire July 27, 2015 The International Monetary Fund (IMF) has issued a stark warning to Eurozone leaders, saying the economy is at risk of tipping back into stagnation unless it gets on with reforms to promote competition and make hiring and firing easier. “A moderate shock to confidence—whether from lower expected future growth or heightened geopolitical tensions —could tip [...]
UK house prices: MPs form new cross-party group over housing crisis July 27, 2015 Members of Parliament from across the political spectrum have banded together to tackle the housing crisis as a new report shows first-time buyers are bearing the brunt of rapidly increasing house prices. The new all-party parliamentary group (APPG) for housing and planning, which includes Tory and Labour MPs, as well as cross-bench peers, will [...]
Kleinwort gets cold shoulder from Fosun July 27, 2015 CITY stalwart Kleinwort Benson yesterday gave a chilly response to Chinese firm Fosun’s offer to buy the group, claiming it had shunned contact with the board before the bid. Fosun, which bought a five per cent stake in Thomas Cook in March, is already the largest shareholder in the Brussels-listed firm, with a holding of [...]
“Catastrophic failure”: Careworkers’ warning to George Osborne on minimum wage July 27, 2015 The government has been warned that George Osborne’s new minimum wage for carers could prove to be a “catastrophic failure” if all costs are not fully funded. In a letter to parliament, the UK Homecare Association (UHA) said it welcomed the government’s commitment to low-paid workers, but said it estimates that “to address the existing [...]
David Cameron promises new crackdown on corrupt London home buyers driving up house prices July 27, 2015 Prime Minister David Cameron will today vow to stop the UK from becoming a haven for “dirty money”. He promises to reveal corrupt offshore organisations that purchase high-end London properties using “laundered cash”, which increase prices, exacerbating the capital’s affordability crisis. “I want Britain to be the most open country in the world [...]
Lord Sewel takes leave amid drug and prostitute scandal July 27, 2015 Lord Sewel said last night that he would take a leave of absence from the House of Lords pending a police investigation into allegations that he took drugs with prostitutes. Over the weekend, the Sun on Sunday newspaper published video footage appearing to show an undressed Sewel snorting cocaine through a rolled-up bank note with [...]
Osborne says France and UK can strike deal July 27, 2015 CHANCELLOR George Osborne said that he was met with a “lot of goodwill” and a “willingness to engage” on the government’s renegotiation efforts with the EU following two days of meetings with top French officials. “I’m confident we can get a good deal,” Osborne said yesterday, adding: “That can create a win-win situation.” French economy [...]