Londoners to fund Uber’s £200m plan for cars to go fully electric by 2025 October 23, 2018 All Uber cars driving in London will be fully electric by 2025 under the firm's new clean air plan for the capital, funded by its citizens through a fares hike. From early next year, a so-called clean air fee will be added to every Uber ride at 15p per mile, which will then be funnelled [...]
Turkey’s Erdogan accuses Saudi agents of killing missing journalist October 23, 2018 Turkish president Recep Tayyip Erdogan today accused Saudi Arabian agents of the “premeditated” killing of journalist Jamal Khashoggi. Khashoggi was last seen alive entering the Saudi Arabian consulate in Istanbul on 2 October. Read more: Softbank operations boss to pull out of Saudi investment conference Several groups of Saudi intelligence officers had arrived in the [...]
Softbank operations boss to pull out of Saudi investment conference October 22, 2018 Japanese technology giant Softbank's chief operating officer is reportedly set to pull out of this week's Saudi Arabia business summit, as one of the world's biggest tech backers struggles with its controversial ties to the region. Marcelo Claure is said to have asked organisers of tomorrow's Future Investment Initiative conference in Riyadh to remove his name from [...]
Uber to appeal Singaporean competition watchdog decision on Grab merger October 22, 2018 Uber has said it will appeal a decision made by the competition watchdog in Singapore on its merger with local ride-hailing rival Grab. The Competition and Consumer Commission of Singapore (CCCS) last month imposed fines of 6.42m Singaporean dollars (£3.6m) on Grab and 6.58m Singaporean dollars on Uber, in addition to business restrictions, after concluding that their [...]
Addison Lee signs strategic deal with driverless startup Oxbotica for London revolution October 22, 2018 Private hire firm Addison Lee has signed a strategic partnership with UK software startup Oxbotica to bring self-driving car services to Londoners by 2021. Addison Lee said the two firms will collaborate on technological development, deployment and operation of self-driving cars to first provide affordable ride-sharing taxi services in the capital. In the long term, it [...]
Electric bike startup Lime to scoot into the UK market with a soft launch in Milton Keynes October 21, 2018 Dockless electric bicycle and scooter startup Lime is set to fire up its first expansion into the UK market with a soft launch in Milton Keynes. The San Francisco firm, which is valued at $3bn (£2.3bn), is exploring an office in the UK with plans to hire a country manager and up to 20 staff [...]
ABB chairman breaks away from Saudi mega-city project amid Khashoggi case October 21, 2018 Former Shell chief executive and chairman of Swiss engineering firm ABB Peter Voser is the latest high-profile figure to distance himself from the advisory board of Saudi Arabia's $500bn £382.5bn) mega-city project Neom. The move follows the exit of a string of global business and political leaders from an upcoming investment conference in Riyadh. International ties to the region have been breaking [...]
Interiors: We learn about Ikea’s new retail strategy behind the scenes of its first store on the UK high street October 19, 2018 What, no meatballs? The opening of Ikea’s first foray into the UK high street, which has just opened on Tottenham Court Road, is a new concept for the uber retailer. The Swedish brand’s familiar blue and yellow sign now reigns over the former Multiyork site just along from Goodge Street station. It’s Ikea, but not [...]
Morgan Stanley banker moonlights as an Uber driver to win top role in upcoming IPO October 18, 2018 A top banker at Morgan Stanley has reportedly been moonlighting as an Uber driver outside of working hours, in a bid to win the deal to take the ride-hailing firm public in 2019. Michael Grimes, a technology banker in the US for Morgan Stanley, has been running the job on the side for several years despite [...]
Pilfered pens and fudged expenses could foreshadow an ethics scandal October 18, 2018 Are UK employees the least ethical in Europe? The Institute of Business Ethics’ 2018 Ethics at Work Survey seems to indicate so. Brits appear to take a more lenient approach than the average European employee to questionable workplace practices. We asked employees about their attitudes to ethical issues in the workplace, ethical practices in their [...]