Uber inks deal with Arrival to build electric car for its drivers May 4, 2021 Uber has this morning announced a partnership with UK start-up Arrival to build electric taxis designed for its ride-hailing drivers. The car, which will enter production in the first quarter of 2023, will be designed in partnership with the ride-hailing giant’s drivers. The partnership is part of Uber’s push to eliminate emissions from all 45,000 [...]
Warren Buffett names Greg Abel as Berkshire Hathaway successor May 4, 2021 Investor Warren Buffett has said that vice-chairman Greg Abel will succeed him as chief executive when he steps down from the role. Buffett, 90, built Berkshire Hathaway from a failing textile maker into a $628bn investment giant. Despite the announcement, Buffet said that he has no plans to step down in the near future. “The [...]
Demand for vaping and vitamins sees Supreme revenues soar May 4, 2021 Manchester-based importer and manufacturer Supreme expects revenues to jump to £121m in the full year to March amid demand for its vaping and sports nutrition products. The Aim-listed company distributes to major discount retailers, grocers and wholesalers in a number of categories including vaping, nutrition, lighting, household and vitamins. Supreme began trading in London in [...]
There is a generation of small businesses hungry to reinvent the high street May 4, 2021 You’d be forgiven for thinking the story of our British high streets was all about the evacuation of large retailers. Debenhams, Mothercare, Topshop, Peacocks barely scratch the surface of the total exodus which has seen 11,000 shops close in just 12 months. Many have been quick to explain that the pandemic has simply accelerated an inevitable, crumbling demise. While our high streets might look bleak right now as larger companies withdraw, small businesses are [...]
Those in debt to be given 60 days breathing space before enforcement action May 4, 2021 People in debt will be given 60 days to get their finances back on track without debts piling up, worrying letters or enforcement action, under a new government scheme. The scheme – called ‘Breathing Space’ – will give those in debt legal protections from their creditors for 60 days, with most interest and penalty charges [...]
City Recovery Taskforce: innovation and creativity must be at the heart of Square Mile’s restoration May 4, 2021 As history shows, the City of London is nothing if not adaptable and this remarkableability to reinvent itself in response to economic and social trends lies at the heartof its success. Throughout the centuries, the resilience of the Square Mile has meantthat, whatever adversity it is hit with – great fires, plagues or wars – it has alwaysmanaged to [...]
Sadiq Khan pledges to explore 2036 London Olympics bid if re-elected May 3, 2021 Sadiq Khan has pledged to launch an “exploratory committee” to look at a potential 2036 or 2040 London Olympics bid if re-elected as London mayor on Thursday. Khan said this evening that if London was chosen to hold either of the games that he would want them to be “the most sustainable Olympic and Paralympic Games [...]
Denmark ditches Johnson & Johnson vaccine amid fears of rare but serious blood clots May 3, 2021 Denmark has become the first country exclude Johnson & Johnson’s Covid-19 jabs from its vaccination programme over a potential link to a rare but serious form of blood clot. The move comes after the Nordic country last month stopped using AstraZeneca’s vaccine altogether citing similar concerns. The country’s health authority said in a statement it [...]
Ebay mulls letting users pay in Bitcoin May 3, 2021 Cryptocurrency is one of the new payment options EBay is exploring for customers, CEO Jamie Lannone has said. In an interview with CNBC, Lannone said the e-commerce firm is also exploring ways to get in to the business of non-fungible tokens (NFTs) – unique tokens stored on blockchain that have recently become popular among those [...]
Premier League introduces new Owners’ Charter in wake of European Super League saga May 3, 2021 The Premier League will require all clubs to sign up to a new Owners’ Charter, committing them to the principles of football. The Premier League has taken action to prevent a repeat of its clubs threatening to breakaway in response to the Super League fallout. Six top-flight teams, including Manchester United and Liverpool, announced late [...]
