Too much regulation on bitcoin and cryptocurrency could scare away future tech innovators December 9, 2019 Back in October, the FCA closed its consultation on banning the sale of cryptocurrency derivatives to retail investors. A consultation that I hope will start a collaborative discussion, bringing crypto and its regulatory framework up to speed with the rapid growth of the industry. Thankfully, the FCA’s approach so far has been inclusive and forward-thinking. [...]
London’s fintechs are magnets for venture capital investment December 9, 2019 The outcome of Thursday’s election will be of significant interest to our partners on the other side of the Atlantic. I am confident, however, that both our US and Mexican partners will recognise the huge, long-term opportunities for closer collaboration as technology opens up a new chapter in our trading relationship. The rapidly increasing digitisation [...]
Tate Modern balcony push: Teenager pleads guilty to attempted murder December 6, 2019 A teenager has pleaded guilty to attempted murder after a six-year-old child was thrown from a 10th-floor balcony of the Tate Modern. Jonty Bravery, aged 18, based in Ealing, west London, has been accused of deliberately lifting the boy and throwing him over the balcony. The boy, a French national on holiday with his family, [...]
Lloyd’s of London reminds staff of ‘standard of behaviour expected’ ahead of Christmas parties December 6, 2019 Lloyd’s of London has warned its workers to behave appropriately at upcoming Christmas parties. It comes following allegations of bullying and sexual harassment at the world’s biggest insurance market. Chief executive John Neal told Financial News that an email had been sent to the around 45,000 staff at Lloyd’s and its member companies to remind [...]
Uber says it received 6,000 reports of sexual assault over two-year period in United States December 6, 2019 Uber has revealed it received almost 6,000 reports of sexual assault in the United States in 2017 and 2018. It said that although there had been more cases in 2018, the incidence had dropped by 16 per cent due to there being more trips undertaken. The ride-hailing firm has come under increased scrutiny of late [...]
Uber pushes back against Khan criticisms December 5, 2019 Sadiq Khan has lashed out at Uber by criticising the firm’s response to its London ban, while also shaming the app for allowing a driver to operate after it was found he possessed “obscene photos of a child”. Transport for London (TfL) refused to renew Uber’s licence last month due to a “pattern of failures” [...]
TfL: Crime on London public transport soars December 5, 2019 Crime on London’s public transport network has surged by 30 per cent in the past year. Transport for London (TfL) today released statistics for the first quarter of 2019-20, revealing the increase in crime on its services was three-times as large as the increase for the capital as a whole. Read more: London Night Tube [...]
TfL updates Tube map to include Crossrail stations for the first time December 5, 2019 Transport for London (TfL) has released a new Tube map for December that features several new Crossrail stations all the way out to Reading. The new map is the first to feature a section of the Elizabeth Line, which goes to Reading through Maidenhead, Slough, Langley, Burnham and Twyford. Crossrail – called TfL Rail on [...]
Tube delays hit four lines in rush hour misery December 5, 2019 Severe Tube delays have hit four lines to leave commuters facing a morning of rush hour chaos today. Passengers on the Circle Line, District Line, Hammersmith & City Line and Metropolitan Line all face a disrupted journey to work due to the delays. Read more: Eight arrests made after Extinction Rebellion targets Tube Faulty trains [...]
TfL bans hundreds of minicab drivers in crackdown December 5, 2019 Transport for London (TfL) has banned hundreds of minicab drivers on the back of an investigation into schools fraudulently offering licences. It was revealed in November that the transport regulator was investigating Vista Training Solutions in Newham and all other centres offering Business and Technology Education Council (Btec) diplomas that can be used to gain [...]