Could this be the Tesla of mopeds? We test ride the Super Soco CUX April 26, 2019 London’s mopeds have almost entirely avoided electrification so far, owing to the simple fact that they’re as cheap as the Deliveroo chips they carry, and you can run them from here to the moon on a figment of petrol. But as the sword of Damocles hanging over the city’s smog-belching engines looks increasingly precarious, and [...]
Has the government’s £1bn artificial intelligence sector deal made any difference? April 26, 2019 One year on, has the government’s £1bn artificial intelligence (AI) sector deal made any difference? Dr Jeremy Silver, chief executive of Digital Catapult, says YES. A year after the announcement of the government’s sector deal, investment is at an all-time high. AI startups in the UK raised nearly £1.3bn in 2018, very nearly eclipsing the [...]
Oil prices fall after Trump’s showdown with Opec April 26, 2019 Oil fell today after President Donald Trump said he “called up” the Opec oil cartel to demand they bring down prices. Read more: Corbyn snubs state dinner invite during Trump's UK visit “Gasoline prices are coming down. I called up Opec, I said you’ve got to bring them down. You’ve got to bring them down,” Trump [...]
Jeremy Corbyn snubs state banquet invite during Donald Trump’s UK visit April 26, 2019 Labour Party leader Jeremy Corbyn has turned down an invitation to a state dinner during US President Donald Trump’s visit to the UK in June. Corbyn joins Liberal Democrat leader Vince Cable and House of Commons speaker John Bercow in snubbing the event. Read more: Labour MPs table bid to thwart Donald Trump's UK state [...]
Lloyds Bank to pay £10m to up to 200,000 customers over administrative error April 26, 2019 Lloyds Banking Group will pay out around £10m to up to 200,000 customers following an administrative error made seven years ago. The company failed to notify thousands of customers that it had cut interest rates on a number of Halifax, Bank of Scotland and Lloyds savings accounts in 2012. Read more: Lloyds Bank stars as [...]
Slack files for IPO as it targets New York Stock Exchange debut April 26, 2019 Collaboration tool Slack has confidentially filed to float on the New York Stock Exchange. Read more: Uber reveals IPO will value firm as high as $90bn The messaging app will join the stock market under the ticker symbol SK this summer, in either May or June, according to its filing. Slack, which was last valued [...]
Apple recalls plug adapter over electric shock fears April 26, 2019 Apple has recalled certain plug adapters in the UK over fears they could cause an electric shock. The tech giant has recalled the AC wall plug adapter shipped with Macs and iOS devices between 2003 and 2010 and included in the Apple World Traveller Adapter Kit. Read more: Microsoft’s valuation breaks through $1 trillion mark [...]
Prolonged Brexit uncertainty hurting UK economy, Goldman Sachs warns April 26, 2019 The uncertainty caused by Britain’s protracted exit from the European Union is having a negative impact on the economy, Goldman Sachs has warned. The investment bank said that shrinking investment, a looming labour market shock and poor productivity were the side effects of the drawn out Brexit process. Read more: P&O sues government after no-deal [...]
Uber IPO will value ride-hailing firm at up to $90bn, SEC filing confirms April 26, 2019 Uber is set to pitch shares at between $44 and $50 as it chases an initial public offering (IPO) that could value it at up to $90bn (£69.8bn), the ride-hailing firm revealed in an updated filing today. The technology transport giant will offer 180m shares in its stock market debut as it chases the valuation, with another [...]
Debenhams to close 22 stores in 2020 as lenders warn of 1,200 job losses April 26, 2019 Debenhams revealed its store closure plan this morning, with up to 22 stores expected to be shuttered in 2020. Around 1,200 jobs are at risk due to the two Company Voluntary Arrangements (CVAs), one for property and one for retail, the company said today. Read more: Debenhams owners to outline plans to shut 20 stores The [...]