Uber to spend $50m on safety kit as it tells drivers and passengers to wear masks May 13, 2020 Uber has set aside $50m (£41m) to buy personal protective equipment for drivers as it introduces new rules requiring all users to wear face masks. Chief executive Dara Khosrowshahi today told reporters that the ride-hailing app will roll out a string of new safety measures as it looks to address concerns about the Covid-19 pandemic. [...]
Restaurants hit out at delivery platform fees during lockdown May 13, 2020 Restaurant industry experts have hit out at takeaway delivery companies during the coronavirus outbreak, saying Deliveroo, Just Eat and Uber Eats make more than £1bn a year in fees through UK restaurants. A study found that three in five consumers have tried to support their favourite local restaurant during the lockdown by ordering through an [...]
Veteran Hackers, Software Engineers and Creatives May 12, 2020 Hartej Sawhney, Co-Founder and CEO at Zokyo discusses Zokyo’s approach to the digital asset ecosystem. Approximately $2.5 million dollars is stolen daily from cryptocurrency exchanges, with most hacks unreported to the public. There has been a shift in the motivation of cybercriminals from hacking traditional finance to digital assets. Binance, one of the world’s most [...]
SoftBank’s telecommunications subsidiary forecasts stable operating profit May 11, 2020 SoftBank’s telecommunications subsidiary has forecast operating profit of £6.92bn, largely unchanged from a year earlier. The wireless carrier, SoftBank Corp, is an important source of cash for its parent company SoftBank Group Corp, which is expected to post a record annual operating loss next week. The Japanese conglomerate has warned of further losses on its [...]
Tech firms must now show they’re serious about building trust May 11, 2020 The pandemic lockdown has supercharged the already dizzying speed of technological change. In six weeks we’ve come to accept a world where the office has become Zoom, the classroom Google and the theatre YouTube. Neighbours support each other through Slack channels. The dying say their farewells on FaceTime. And with little prospect of significant changes [...]
Uber leads $170m investment round in scooter startup Lime May 7, 2020 Bike and scooter-sharing startup Lime today said it has secured a $170m (£138m) in a fresh funding round led by Uber. Google owner Alphabet, its investment arm GV and Bain Capital are also among the backers taking part in the investment round, the company said. As part of the cash injection, Lime will take control [...]
Uber to cut 3,700 employees as ride-hailing demand slumps due to coronavirus May 6, 2020 Uber will cut 3,700 employees and its chief executive will forgo his salary for the rest of the year as demand for ride-hailing services collapses due to the coronavirus outbreak. The company said the job losses will include roles in its customer support and recruitment teams, with $20m in costs expected to be incurred as [...]
McDonald’s to reopen 15 UK restaurants amid lockdown – with one big difference May 5, 2020 McDonalds has announced which 15 restaurants it plans to open for delivery this month, including four branches in London. The fast food giant announced this morning that it will reopen its Tooting, Dalston, Harrow and Welling restaurants on 13 May. However, in order to comply with social distancing measures, McDonald’s will offer a limited menu [...]
McDonald’s to reopen for delivery this month May 1, 2020 McDonald’s will reopen some UK restaurants for delivery this month after trialling social distancing measures. The fast food giant will open 15 stores on 13 May, offering a limited menu for delivery only, after successful social distancing trials this week. McDonald’s UK and Ireland chief executive Paul Pomroy said the restaurants selected to reopen will [...]
SoftBank warns of steeper losses as it takes hit on WeWork April 30, 2020 SoftBank has warned of further losses on investments outside its Vision Fund, piling pressure on founder Masayoshi Son’s bet on the struggling WeWork. The Japanese company widened its forecast for a net loss in the year ended in March from 750bn to 900m yen (£6.7bn). SoftBank said it expects to lose 700bn yen on a [...]