Tag: UK news

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‘Peak hype’: why the driverless car revolution has stalled

By 2021, according to various Silicon Valley luminaries, bandwagoning politicians and leading cab firms in recent years, self-driving cars would have long been crossing the US, started filing along Britain’s motorways and be all set to provide robotaxis in London. 1 January has not, however, brought a driverless revolution. Indeed in the last weeks of…
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January 3, 2021 0

Covid: Sunak mulls tougher VAT rules for Uber drivers and Airbnb landlords

Rishi Sunak is considering toughening up VAT rules for the Uber drivers and Airbnb landlords central to the rapidly expanding sharing economy as the Treasury considers ways of repairing the damage to the public finances caused by the Covid-19 pandemic. The chancellor has taken the first steps towards increasing the government’s VAT revenues with the…
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December 9, 2020 0

Uber ditches effort to develop own self-driving car

Uber has ditched efforts to develop its own self-driving car with the multibillion-dollar sale of its driverless car division to a Silicon Valley startup. The ride-hailing company is selling the business, known as Advanced Technologies Group (ATG), for a reported $4bn (£3bn) to Aurora, a start-up that makes sensors and software for autonomous vehicles and…
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December 8, 2020 0

The gig economy is here to stay. Now let’s humanise it | John Naughton

The US didn’t have just one election on 3 November. All kinds of other public offices were up for election too. And in California, electors had an additional choice to make: whether to approve Proposition 22, a referendum on whether ride-hail and delivery companies (think outfits such as Uber, Lyft, Deliveroo) should get an exemption…
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November 7, 2020 0

Uber pledges £5m toward electric vehicle charging points in London

Uber has pledged to invest more than £5m in public electric vehicle charging infrastructure in some of the poorest boroughs in London, to help persuade its reluctant drivers to switch to electric cars. The global ride-hailing firm will announce the investment, which it admits is only a fraction of the money needed, as it seeks…
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October 19, 2020 0

Bet on a one-horse race when it comes to William Hill takeover | Nils Pratley

As a betting event, the fun at William Hill may be over before the takeover action has properly started. A one-horse race may be in prospect. That nag is Caesars Entertainment, which has indicated a £2.9bn, or 272p-a-share, offer and secured a “minded to recommend” nod from William Hill’s board. The other contender, US private…
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September 28, 2020 0