Exclusive: ‘Banks should deliver the same experience as Amazon and Netflix’, says Ezbob CEO January 21, 2021 After a year that was hugely disrupted by Covid-19 and the entire economy and its workforce moved online, City A.M. sat down with Tomer Guriel, CEO of Mayfair-based Ezbob, which provides digital lending software to some of the biggest banks and financial institutions in the City. A vaccine is being rolled out, so the City [...]
Uber offers money off trips to mass-vaccination centres January 18, 2021 Uber will cover up to £15 worth of passengers’ trips to seven mass-vaccination centres in England, including to the Nightingale hospital in London. Customers can book the service by entering the correct promotion code for the mass-vaccination hub they are travelling to in the app ahead of booking their journey. Uber has become the [...]
Best of travel: A food odyssey across the South China Sea January 16, 2021 Throughout January we’re remembering better times and sunnier climes by reposting some of our favourite travel stories from the last decade. In this instalment, our Life&Style editor Steve Dinneen eats a path across the South China Sea. ••• Hong Kong’s most celebrated restaurants are the kind of Michelin-rated palaces to gastronomy that you can find [...]
Leading startups shed 25,500 jobs during the pandemic January 13, 2021 As the pandemic ravages businesses, some of the world’s leading startups have been forced to make large-scale redundancies to stay afloat. Since the start of the pandemic, approximately 25,500 jobs have been lost in the top ten largest startup layoffs, according to Buy Shares analysis. Unlike their more established counterparts, startups do not have the [...]
Naughty or nice: Which businesses pleased or peeved Santa in 2020? December 21, 2020 Which businesses stood out this year for going above and beyond for customers and staff, and which will be remembered less favourably for their pandemic policies? The last year has certainly been one that will not be forgotten. The last 12 months have been widely been touted “the worst ever” by people around the world, [...]
Ads giant WPP turns to tech to restore growth after accounting error December 17, 2020 WPP, the world's biggest advertising company, set out its plans to restore revenue growth to pre-pandemic levels by 2022.
Amazon-owned Zoox reveals first autonomous ‘robotaxi’ December 15, 2020 Zoox inc., a self-driving car company, revealed the first fully functional, electric robotaxi yesterday.
Uber sells off flying taxi division in drive for profit December 9, 2020 Uber has sold off its loss-making flying taxi division to California-based firm Joby Aviation, the second such disposal the ride-hailing firm has made in two days. In a statement released late last night, Joby said that Uber would invest an extra $75m into the company as part of the acquisition of Elevate. That takes Uber’s [...]
Uber pulls plug on own self-driving car programme December 7, 2020 Uber has abandoned plans to create its own self-driving car, and will instead take a minority stake in Aurora, a driverless vehicle start-up backed by Amazon and Sequoia, an American venture capital firm. Uber will transfer its 1,200-employee self-driving unit to Aurora, which at present has 600 staff, and will invest $400m into the project, [...]
Uber Bullish? December 7, 2020 In range… The market remained well within the recent range and given the persistent leverage interest as evidenced by the steep contango term structure and futures & options open interest (OI) near record highs, suggests further upside barring any unexpected developments. The major risk associated with the “uber bullish” market is crowded trades and this [...]