Three at 3: The three stories you need to read right now August 17, 2016 We’re officially halfway through the working week – to celebrate, we’ve put together the top three stories of the day in bite-size form, just to make your life that bit easier. Time for a coffee break? Check out our three at three. Corbyn has some explaining to do After revealing his plans to re-nationalise and [...]
Uber launches legal challenge over new London taxi rules August 16, 2016 Uber has launched legal action against London's transport regulator over new rules that threaten to limit its business in the capital, City A.M. can exclusively reveal. The billion-dollar startup is seeking a judicial review to halt the introduction of new rules it claims are too strict. Transport for London set out new regulations earlier this year after a [...]
Driverless cars, artificial intelligence and blockchain: Meet the Gartner Hype Cycle of 2016 August 16, 2016 Driverless car technology is careering towards the trough of disillusionment after hitting the peak of hype, according to Gartner analysts monitoring the progression of the world's emerging technology trends. The firm's annual Hype Cycle tracks where trends such as virtual reality, robotics, personal voice assistants and, of course, driverless cars, are in their journey from talked-about technology to [...]
Consumers want regulation – and Uber shows why markets regulate better than the state August 15, 2016 Waiting in the sweltering heat of Washington, DC for 10 minutes for an Uber, I was desperate to get into an air conditioned car. So when one pulled up right in front of me bearing the Uber sticker, my immediate reaction was relief. It was five minutes into the journey, when I glanced at the [...]
London cabbies welcome a review of new Uber rules August 15, 2016 London's black cab drivers expect the Mayor of London to look again at the way the industry is regulated in the capital after arch-rival Uber called on the Mayor of London to do just that. Business groups and entrepreneurs yesterday backed a rethink, calling on Sadiq Khan to review the new rules governing Uber and other minicab firms [...]
Business and entrepreneurs pile pressure on Sadiq over Uber red tape August 14, 2016 Business groups and entrepreneurs have piled the pressure on the Mayor of London Sadiq Khan, warning that new rules clamping down on Uber will stifle innovation in the capital and its multi-billion pound digital economy as he attempts brand the city "open for business". New rules have drawn the ire of business groups and tech entrepreneurs, who labelled them a backwards step that threatened the [...]
Deliveroo drives into pay row with warning on minimum wage August 14, 2016 Deliveroo has ridden into trouble with changes to the way it pays delivery drivers, prompting a warning from the government over adhering to rules on the minimum wage. Drivers last week took to the London streets to protest the changes, which they argue leaves them being paid less than the £7.20 National Living Wage (NLW), and which the [...]
Banning diesel cars is the wrong way to tackle pollution in London August 12, 2016 Everyone reading today’s copy of City A.M. wants clean air. But reducing pollution in our great city is a complex problem deserving of careful consideration and the adoption of a range of solutions. There is no magic bullet. Reducing emissions from all sources – whether planes, trains, cars or buses, or the polluting systems that [...]
Deliveroo defends new “flexible” pay conditions as protesters descend on HQ August 11, 2016 Deliveroo has defended its new pay conditions, describing them as "flexible", amid protests at its London headquarters. The delivery service said the action is over new pay conditions set to be trialled next week. Read more: Deliveroo just raised $275m to fend off Uber Instead of being paid an hourly rate of £7, plus £1 per [...]
Arianna Huffington steps down as Huffpost editor-in-chief August 11, 2016 Arianna Huffington has announced she will step down as editor-in-chief as the Huffington Post, the online news outlet she founded. In a statement today she said she was stepping aside to focus her attentions on Thrive Global, the new health startup she unveiled in June. Read more: These are the 20 richest billionaires in tech "One [...]