Uber driver hit with first fine September 11, 2014 Ride hire app Uber suffered a fresh blow in Germany yesterday, after a Frankfurt taxi operator won a temporary injunction against an Uber partner driver. Earlier this month, the Frankfurt regional court imposed an injunction on the firm’s ride-sharing offering UberPop – that allows passengers to share a hire car to the same destination – [...]
Uber Germany: Frankfurt court issues first injunction against taxi app driver September 11, 2014 Uber has suffered a fresh blow in Germany after a Frankfurt taxi operator won a temporary injunction against an Uber partner driver. The driver will no longer be able to offer services through the taxi app and was punished with a €1,000 fine. Furthermore, the driver could face a €250,000 fine or a six-month jail [...]
How incompetent policymakers have kept the Eurozone in perpetual crisis September 9, 2014 THE EUROZONE lurches into yet another crisis, with fears of deflation and a further drop in output. There are several dominant explanations as to why Europe has been unable to recover from the crisis. Depending on their tastes, most commentators subscribe to them either on their own, or in various combinations. One puts the blame [...]
City AM awards: Business of the Year nominees announced September 7, 2014 I have great pleasure in introducing the first of our shortlists for the annual City A.M. awards. As ever, the awards have attracted nominations from all sorts of diverse businesses and people who have done great things during the course of the past year, a year of recovery in the UK. We have taken on [...]
And the nominees are… September 7, 2014 TOMORROW: ACCOUNTANCY FIRM OF THE YEAR ALDI The German discounter has taken the British high street by storm. Aldi now has a 4.6 per cent share of the UK market, up more than one third in a year due to consumers choosing its quality and low prices over the more established retailers. It has even [...]
Why it’s time to unleash corporate venture capital to spur on startup growth September 4, 2014 The Bank of England’s small business lending figures disappointed again last week. Access to finance – especially for small firms – has been a perennial problem, exacerbated by the financial crisis and downturn. It’s therefore surprising that, amid all the ways government has tried to increase access to finance over the last few years, it [...]
Uber Germany ban sees signups skyrocket 590pc in 24 hours September 3, 2014 If the German taxi lobby was breathing a sigh of relief yesterday after a Frankfurt court issued a temporary injunction against Uber banning it across the country, it isn't any more. Uber Germany has seen signups in Hamburg alone soar a whopping 590 per cent in the last 24 hours. Rather than shunning the San [...]
Uber to be driven off track in Germany after court ban September 2, 2014 Worldwide cab firm Uber yesterday vowed to fight on in Germany after a court issued a temporary injunction against the app-based service, saying its drivers lacked the necessary commercial licences to pick up passengers. The ruling by Frankfurt regional court last week came after a challenge brought by the German taxi industry for non-compliance with [...]
Uber taxi app banned throughout Germany after Frankfurt ruling September 2, 2014 In what may be the severest crackdown on taxi app service Uber seen so far, Germany has banned the San Francisco-based company from operating throughout the country after a temporary injunction was issued by the Frankfurt regional court. Uber will be subjected fines of up to €250,000 (£198,000) if it defies the ban. The injunction [...]
Charlotte grabs an awards treat to last all night August 31, 2014 The City A.M. awards are fast approaching and with the shortlists being revealed next week, we thought we’d get the ball rolling by announcing the winner of our competition. We offered one lucky reader the chance to win two tickets to the awards and a night’s stay at the venue, Grange St Paul’s Hotel. We’ve [...]