Europe

Uber’s new CEO Dara Khosrowshahi has written an open letter apologizing for “mistakes we’ve made” following the announcement on Friday by London’s transport regulator that it was withdrawing licensing from Uber — having deemed it is not “fit and proper” to operate. In the letter Khosrowshahi thanks Uber users for “support over the last few days”
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Synthace, a UK startup using open source technology to make process in biotechnology move faster, has raises a £7.3m Series A round. New investors White Cloud Capital, Amadeus Capital Partners and Eleven Two Capital participated alongside existing investors that included Sofinnova Partners, SOSV and Bioeconomy Capital. The Company’s Antha operating system replaces processes which are
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The tech industry’s over-processed supply of irony might not be enough to service all the ramifications of Uber being stripped of its London license by the city’s transport regulator. Uber advocates were immediately scrambling to bust out the reactionary clichés — painting the regulator as “anti-innovation” and claiming London is now ‘closed for digital business’.
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In a huge blow to Uber in the UK London’s transport regulator has rejected its application to renew its license to operate in the city. In a statement today TfL said it has concluded that Uber is “not fit and proper to hold a private hire operator licence”. “TfL’s regulation of London’s taxi and private
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Malware that piggybacked on CCleaner, a popular free software tool for optimizing system performance on PCs, appears to have specifically targeted high profile technology companies and may have been an attempt to harvest IP — perhaps for commercial or state-level espionage. In an update on its investigation into the malware, which was revealed to have
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Funnel, a startup headquartered in Stockholm that sells a SaaS to help companies analyse the effectiveness of online marketing spend across multiple channels, has raised $10 million in Series A funding. London VC Balderton Capital led the round, with participation from existing investors including Industrifonden and Zobito. The startup says it will use the new
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London’s transport regulator, Transport for London, has released details of a new more expansive and expensive system of tiered license fees for private hire operators that will drive up the fees that ride-hailing companies like Uber need to pay to operate in the city. Uber previously paid £2,826 for a five-year license from TfL. Under the
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BlaBlaCar is currently trying to reinvent itself. And it starts with BlaBlaLines, a new ride-sharing service for daily commutes. The company first tested out the new service around Reims and Toulouse. It is now live in the Paris area. BlaBlaCar was first all about long-distance ride sharing. If you’re driving from Paris to London, you
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Marketplace banking — the idea that your bank will provide you with access to various third-party money-related apps and services within its own app — has long been championed by fintech startups, whilst upcoming Open Banking/PSD2 legislation in the U.K. and EU, respectively, will make third-party app integration an inevitable reality. That’s seeing a number
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