Team LMAX Exchange hits the Big Apple to sail with with overseas clients in Clipper Round the World Race June 20, 2016 Forex firm LMAX Exchange has an unusual approach to meeting foreign clients. The weather may be dire in the City this week, but the lucky skippers from LMAX Exchange have escaped the rain and conducted their business in New York in the final stages of the Clipper Round the World Race. Folks at LMAX invited a select group [...]
UberEats has arrived in London June 16, 2016 Not only is Uber disrupting the way we travel, it's eyeing up the way we eat too. Now Londoners will be able to get food delivered from top restaurants straight to their door via an app in exactly the same way they now order a car. The separate UberEats app will let users order from a [...]
Uber’s Apple-backed rival Didi Chuxing just raised billions June 16, 2016 The taxi wars are hotting up. A day after reports of Uber raising a further $2bn (£1.4bn) to add to its already rather large cash pile, its rival in China has announced another $7bn in new funding that puts it squarely on the tail of the US startup when it comes to being the most well-funded private startup [...]
Uber’s hungry for even more cash with plans for $2bn leveraged loan June 15, 2016 Thought the most highly valued private tech company in the world had enough money to throw around? Apparently, it doesn't. Uber is rounding up another $2bn (£1.4bn) to its already pretty huge cash mountain in its bid for world domination, but this time it's tapping the cash via a leveraged loan. Read more: Apple's favourite Chinese Uber rival [...]
The City of London will prosper in or out of the European Union June 15, 2016 A friend tells me why he is voting Remain. “My wife works for a French bank and they would pull out of London if we left the EU.” That’s fair enough. Assuming the French bank set up in London to access the EU, then it’s logical to assume it would leave after Brexit. But a [...]
Working Lunch review: Absurd Bird in Spitalfields brings the unfussy grub of the Southern States to the East End June 14, 2016 Absurd Bird 54 Commercial Street, E1 What? A gourmet fried chicken restaurant bringing the taste of the Southern States to the East End. As you’d expect, the menu is packed with poultry in all its forms – grilled, fried, even a whole smoked chicken – and there’s a “wing shack” out front for takeaway. A [...]
Five implications for the app economy after Apple’s WWDC June 14, 2016 Monday's World Wide Developer Conference (WWDC) found Apple announcing a raft of updates set to overhaul the entire app economy. From MacOS and Apple Watch to iMessages, the changes Apple is planning opens up an entire new world for developers. The question is though, what do these changes mean for the app economy as a [...]
Before the bell: What you need to know before the US market open June 14, 2016 Brexit fears are dragging down markets and Germany's 10-year bond yield has turned negative. Here's what you need to know before the market open at 14:30 London time. US futures are pointing down again today, suggesting the bad start to the week is going to continue. The S&P is off by 0.22 per cent. The Nasdaq is 0.26 [...]
Everything you need to know about how Apple plans to stay top dog June 14, 2016 Could Apple have made any more announcements at its big developer conference? Probably not. But one thing's clear, while the nitty gritty details of all those updates are being sifted through, the tech giant certainly set out its ambitions to stay on top of its rivals. Apple is opening up several major parts of its operating [...]
Apple had plenty of “I’d definitely use that” moments at WWDC June 13, 2016 Once again the Apple faithful dutifully attended or watched its annual developer update to see what the company had in store. Apple’s momentum with developers is staggering. It claims to have over 30m developers and since the iPhone launched, the company claims to have shared nearly $50bn (£35bn) of shared revenue with app makers. It remains the [...]