Uber driver rape allegations: Can taxi app overcome its latest scandal in New Delhi? December 8, 2014 The controversial ridehire app faces public outcry after one of its drivers is accused of rape in New Delhi. Uber's success, its $40bn (£25.6bn) valuation and its rapid adoption as a verb is marred with questionable business practices and a rapid global expansion that has now brought into question whether Uber is “safest rides on [...]
Uber banned in New Delhi after driver rape allegations December 8, 2014 Uber has been banned in the Indian capital of New Delhi after one of its drivers was arrested on suspicion of raping a passenger. “[The] Transport Department has banned all activities relating to providing any transport service by the www.Uber.com with immediate effect," the city’s government said in a statement. Indian police arrested the Uber [...]
Andrew Tyrie’s claim about banks’ back-door lobbying is holed December 4, 2014 There are few things bankers dread more than being summoned for hours of intellectual flagellation by Andrew Tyrie, the relentless chairman of the Treasury Select Committee. He has scored several notable victories, including a blueprint for regulators to hold reserve powers to break up major UK banks. On his latest target – [...]
Amazon Local Services will allow customers to order plumbers and mechanics alongside books and boxsets November 28, 2014 In the midst of this week’s Black Friday madness, Amazon quietly launched a brand new site for service providers. Instead of cut-price plasma screen TVs, Amazon Local Services puts you in touch with those who can put one back together again following a ruckus at Tesco in Edmonton. Amazon Local Services was launched in [...]
Insurers launch guide to sharing November 25, 2014 A GROUP of insurance experts have launched a guide to the sharing economy for people who want to make money from assets such as their home or car. The guide is being launched as the government publishes the results of its independent review into the sector, which includes sites such as Airbnb and ZipCar. Business [...]
Winter sports insurance: Have you got it covered? November 25, 2014 Not many policies will allow you to go off-piste without a qualified instructor NEARLY 40 per cent of winter sports holidaymakers head to the slopes without travel insurance, according to government figures. And 31 per cent have admitted to not checking their policy to ensure they’re covered. But despite all the small print, getting the [...]
The UK could be the world capital of the sharing economy if we take these steps November 25, 2014 EVERYONE seems to be talking about the “sharing economy”, and while this may not be a model that will work for every industry, it is a trend that requires attention. So much so that, in September 2014, the UK government raised the need for an independent report to examine the social and economic potential of [...]
Quindell share price soars after it denies Nationwide Accident sale speculation November 20, 2014 Flailing insurance outsourcing firm Quindell saw its shares jump over 30 per cent yesterday as it denied rumours it was looking to sell its 25 per cent stake in Nationwide Accident Repair Services. Quindell, which provides claims processing technology to car insurers among other services, issued a statement in response to social media speculation that [...]
Creativity and optimism will help Britain cope with the robot onslaught November 10, 2014 THE ROBOTS are coming, and they’re after your job. New research from Oxford University and Deloitte will be sure to send a shiver down the spine of British workers. It showed that up to 35 per cent of jobs in the UK could be destroyed by automation and computerisation. Deloitte argued that this would cause [...]
Esure share price down as premiums drop 7.4pc on back of cheaper car insurance November 5, 2014 Shares in Esure yesterday slumped 7.3 per cent after the firm reported that its cuts to car insurance prices had fuelled a 7.4 per cent drop in premiums over the past three months. Esure is behind Sheilas’ Wheels and price comparison site GoCompare.com. It said that while it was writing broadly the same number of [...]