Uber ‘under pressure to collect driver biometrics’ to secure London licence November 22, 2019 Uber could be forced into providing the biometric data of its drivers in order to continue operating in London, according to a report. The ride-hailing firm’s licence expires on Monday after it was awarded a short temporary permit to continue operating back in September. Read more: Uber awaits fate with London licence set to expire [...]
Uber awaits fate with London licence set to expire in just days November 22, 2019 Uber will find out at the start of next week if Transport for London (TfL) will grant it a new licence to operate in the capital. The ride-hailing company’s current licence is set to expire on Tuesday after TfL granted it a two-month permit in September following the expiration of probationary licence. Read more: Uber launches [...]
How to immunise yourself against a toxic work culture November 22, 2019 What determines whether a business will be successful? Some would say that it’s all about the product or the idea. Others might think it’s down to strategy and execution. While these things are important, competitors can — and often will — catch up. Read more: We reviewed all the Christmas sandwiches, so read this before [...]
Banking on the fees: Deal disappointments top off downward year for payouts November 21, 2019 Bankers have been left with a sour taste in their mouths after two of the year’s blockbuster listings look set to deliver a disappointing round of payouts. Hopes of a fee bonanza from Saudi Aramco’s flotation have fallen flat after it emerged that some of Wall Street’s biggest banks have been sidelined in the process, [...]
Uber is behind a sharp rise in London’s air pollution November 21, 2019 Uber and other ride-hailing apps have contributed to a sharp rise in CO2 emissions and air pollution in the taxi and ride services sector, according to a new report The report – written by the European Federation for Transport and Environment (T&E) – found there was a 23 per cent increase in emissions from “taxi-like [...]
MUFG likely to deny Softbank loan over Wework bailout November 21, 2019 Mitsubishi UFJ Financial Group (MUFG), Japan’s largest bank, is reportedly likely to withhold additional loans from Softbank to finance the conglomerate’s $9.5bn (£7.3bn) rescue package for struggling office space firm Wework. Softbank has asked for around ¥300bn (£2.1bn) additional loans for Japan’s three megabanks – MUFG, Mizuho Financial Group and Sumitomo Mitsui Financial Group – [...]
Prosus and Takeaway.com trade blows in battle for Just Eat November 20, 2019 The two companies competing to take over food delivery firm Just Eat were locked in a war of words today as they vied to win the favour of shareholders. Prosus said the bid made by rival Takeaway.com represented “significant risks” and underestimated how competitive the British market was. Read more: Takeaway.com boss has no plans [...]
Uber partly to blame for driverless car death, says US watchdog November 20, 2019 Uber’s safety policies have been deemed as partly to blame for the death of a woman last year, according to America’s safety watchdog. Elaine Herzberg was killed in Arizona last year, after she was hit by a driverless Uber car. Read more: Uber launches new safety measures in attempt to secure long-term London licence The [...]
Ride-hailing app Kapten unveils London-first electric fleet November 19, 2019 Ride-hailing app Kapten has launched a fully electric fleet of vehicles, marking a London-first. Kapten launched its “electric class” fleet today, making it the first ride-hailing app in London to have an electric option on its app. Read more: Riding by: Kapten’s new CEO plots out the company’s future It consists of 1,100 battery electric [...]
UK’s top restaurants swing to £93m loss November 18, 2019 The UK’s top 100 restaurants swung to a loss this year as they struggled to stay afloat under the increasing pressure of rising overheads and falling sales, which are taking their toll on the casual dining sector. The industry has plunged to a £93m loss in the last 12 months, in a year that has [...]