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The CEO of Careem explains how the company is scaling up to beat Uber in a quickly growing market

Careem, a Middle East-based ride-hailing service, is hoping to stave off Uber's global expansions.  CEO Mudassir Sheikha spoke to Business Insider about the company's advances on driver safety, deliveries, and more.  The company is betting its investments in mapping thousands of miles of road in the region will give it a leg up on any global competitors.  When the founder of Careem, a Dubai-based ride-hailing company, traveled to his hometown of Karachi in Pakistan, his own mother urged him ...
Tags: Google, Lyft, New York, London, Singapore, US, Trends, Pakistan, Morocco, Italy, Middle East, Dubai, Google Maps, Business Insider, Careem, Mckinsey

How ‘invisible’ effects brought Winnie the Pooh to life in ‘Christopher Robin’

Christopher Robin earned an Academy Award nomination for the innovative way it merged Winnie the Pooh and other imaginary characters with its human cast in postwar London. Here's how visual effects studio Framestore worked its movie magic. The post How ‘invisible’ effects brought Winnie the Pooh to life in ‘Christopher Robin’ appeared first on Digital Trends.
Tags: London, Trends, Visual Effects, Winnie, Christopher Robin, Movies & TV, Oscar Effects, 2019 Academy Awards, 2019 Oscars

Germany makes it easier to fire top earners to lure banks after Brexit

Germany's lower house of parliament on Thursday approved changes to labour laws making it easier for employers to fire high-income workers, a measure designed to encourage London-based financial institutions to move to Frankfurt after Brexit.
Tags: London, Money, Germany, Frankfurt, businessNews, Brexit

No-deal Brexit 'could disrupt London commuter trains'

Buildup of freight at Channel tunnel might disrupt services into capital, operator warnsRail passengers commuting into London could have services disrupted by freight trains if a no-deal Brexit causes logjams at the Channel tunnel, it has emerged.Go-Ahead, the company behind the rail operator Southeastern, said it was working with the government to try to ensure commuters were not affected. Continue reading...
Tags: Business, London, UK News, Transport, Rail transport, Transport policy, Brexit, Southeastern, Channel, Rail industry

Ardian to buy Study Group from Providence Equity

Providence Equity Partners has agreed to sell Study Group to Ardian. No financial terms were disclosed. Study Group is a provider of international education in Europe, Australia, New Zealand and North America. PRESS RELEASE London, February 21, 2019 – Ardian, a world-leading private investment house, announces it has reached an agreement to acquire a majority stake in Study Group, the leading provider of international education in the UK and Europe, Australia, New Zealand and North America, from...
Tags: Asia, Europe, UK, New York, London, Australia, Americas, US, Trends, Tech, Santiago, North America, Group, Seoul, Zurich, International Education

Aquiline to buy Relation Insurance Services

Aquiline Capital Partners LLC has agreed to acquire Walnut Creek, California-based Relation Insurance Services, an independent insurance broker. The sellers are Parthenon Capital and Century Equity Partners. No financial terms were disclosed. Sandler O’Neill + Partners and Waller Helms Advisors served as financial advisers to Relation on the deal. PRESS RELEASE NEW YORK & WALNUT CREEK, Calif.–(BUSINESS WIRE)–Aquiline Capital Partners LLC, a New York and London-based private equity firm investing...
Tags: New York, London, Boston, Trends, United States, Parthenon, Ed, Financial Services, Joe, Company, Kirkland Ellis LLP, Walnut Creek California, Insurance Journal, LLP, Boston San Francisco, PE Deals

Dublin Airport briefly shut down over a drone sighting at the runway

Dublin Airport was shut down briefly on Thursday because of a drone flying over the airfield. The airport tweeted at 11:56 a.m. local time saying they had suspended all flights due to a "confirmed sighting of a drone over the airfield." Eight minutes later they re-opened the runway and flights resumed. The disruption is the latest in a string of drone sightings causing disruption at major airports. Gatwick Airport was closed for 32 hours in December 2018. London Heathrow and Dubai airports wer...
Tags: UK, London, Trends, Dublin Airport, Italy, Gatwick, Dubai, Heathrow Airport, Gatwick Airport, London Heathrow, airfield Ireland

The $1,980 Galaxy Fold will launch in 2 months but Samsung doesn't seem ready to actually show it to anyone yet

Samsung showed off its folding smartphone, the Galaxy Fold, onstage at its Unpacked event on Wednesday. The Fold will cost almost $2,000 and arrives in the US in April and in Europe in May. Despite the launch being just two months away, Samsung hasn't allowed the press or analysts to see the Galaxy Fold up close. That suggests ongoing tweaks to the design and, maybe, a conviction that almost no one will buy it. Samsung's annual "Unpacked" events for its flagship phones are always a hoop-la, b...
Tags: Apple, Europe, London, US, Samsung, Trends, Gizmodo, Francisco Jeronimo, Galaxy Fold

Apax sells AssuredPartners to GTCR-led group

Apax Partners said Feb. 21 that it sold its stake in AssuredPartners to an investor group led by GTCR. Financial terms weren’t announced. Apax is coinvesting in the deal and will have a minority stake. AssuredPartners, of Lake Mary, Florida, is an insurance broker that distributes property and casualty, risk management, employee benefits and personal insurance. PRESS RELEASE Apax VIII sells its stake in AssuredPartners to GTCR Transaction Sees Previous Backers Renew Successful Partnership with I...
Tags: New York, London, US, Trends, CIO, Chicago, United States, Barclays, Apax, London England, Genex, Fla, Kirkland Ellis LLP, Bank of America Merrill Lynch, Aaron Cohen, Lake Mary Florida

London's Heathrow Airport could see trade boost in no-deal Brexit

London Heathrow Airport could be boosted by extra trade if Britain leaves the European Union without a deal and Britain's seaports and roads get clogged up with extra congestion, the airport's chief executive said on Thursday.
Tags: London, Money, European Union, businessNews, Britain, Heathrow Airport, Brexit, London Heathrow Airport

Barclays sets aside millions to deal with Brexit uncertainty

LONDON (AP) — British bank Barclays says it set aside 150 million pounds ($196 million) to deal with economic uncertainty as Britain prepares to leave the European Union. The bank said Thursday that bad loans in its credit card and corporate lending businesses may increase amid “anticipated economic uncertainty in the U.K.” Britain is scheduled […]
Tags: Business, London, News, European Union, Ap, Britain, Nation, Barclays

Citymapper announces subscription service for multiple transportation methods

Citymapper is becoming a fintech startup, sort of. The company announced a prepaid card called Citymapper Pass for users based in London. This new product is both a subscription service to aggregate all your transportation subscriptions and a plastic card to pay for your rides. According to Wired, Citymapper will start with two weekly subscription packages. For £30 per week, you’ll get full access to zone 1 and 2 on TfL’s network. For an additional £10 per week, you’ll also get unlimited Santand...
Tags: Apple, Google, Startups, Transportation, Europe, London, Tech, Tfl, Citymapper, Citymapper Pass

Former Barclays chairman 'not aware' of Qatar fee document, court told

Barclays' former chairman, giving evidence in a landmark London fraud trial, said he first saw a document detailing agreed fees for Qatari investors in the British bank four years after the payment was agreed.
Tags: London, Money, Qatar, businessNews, Barclays

VRtuoso grabs $650K seed

London-based, a virtual reality presentations platform that enables businesses to cut training costs and boost sales enablement, has secured $650,000 in seed funding. Symvan Capital led the round. PRESS RELEASE San Mateo, USA and London, UK. 20th February 2019 –, an innovative virtual reality (VR) presentations platform that enables enterprises to cut training costs and boost sales enablement, today announced that it has secured US$650,000 in seed funding to bolster its res...
Tags: Europe, London, US, Trends, Italy, Vr, London UK, Francesco, VC Deals, Nicholas Nicolaides, Symvan Capital, San Mateo USA, North America Symvan Capital Limited, Compagnia Bresciana Investimenti, Francesco Furnari, VRtuoso

Southwest has blamed a mechanics union for hundreds of canceled flights — and the stock is tanking (LUV)

Southwest Airlines on Tuesday blamed a mechanics union for hundreds of flight cancellations. The union hit back, accusing the carrier of scapegoating. On Wednesday, Southwest said the impact from the government shutdown could be four times its previous estimate. Goldman Sachs downgraded the stock to "sell" on Tuesday, citing margin pressures from the launch of Hawaii flights. Shares sank more than 5% in trading on Wednesday. Follow the stock's price in real time here. It hasn't been a good w...
Tags: London, Trends, Hawaii, Goldman Sachs, Southwest Airlines, Southwest, Aircraft Mechanics Fraternal Association, Mike Van de Ven, AMFA, Catherine O Brien, Southwest and Alaska Air Group

Tesla's top lawyer is leaving the company after two months — here are all the key names who have departed in recent months (TSLA)

Tesla is known for its high rate of executive turnover, and the past year has been no different. During a year in which the automaker faced production and delivery issues, investigations from the federal government, and questions about the decision-making of CEO Elon Musk, departures from senior employees have added yet another challenge.  General counsel Dane Butswinkas is leaving the company after less than two months on the job,  Tesla has seen a lot of senior employees leave in the last y...
Tags: Amazon, Facebook, Elon Musk, London, Trends, Linkedin, Tesla, Intel, Washington Dc, Jaguar, Cnbc, Comcast Ventures, Western Europe, Elon, Jonathan, Ahuja

Tesla's General Counsel is out after just 2 months

After just 2 months as Tesla's top lawyer, Dane Butswinkas will return to Williams & Connely full time, according to the WSJ. Butswinkas said he would continue to work for Tesla outside the company. Jonathan Chang, who has been at Tesla nearly eight years, will replace Butswinkas. Just last week Tesla's VP of global recruitment also left the company, another in a year-long string of departures. Tesla's General Counsel has stepped down after just two months with the company, the Wall Street...
Tags: Elon Musk, London, Washington, Trends, Tesla, SEC, Wall Street Journal, Justice Department, WSJ, SolarCity Tesla, Dane Butswinkas, Dave Morton, Jonathan Chang, Butswinkas, Williams Connely, WSJ Butswinkas

Huawei president Ren Zhengfei: We won't spy on US even if Chinese law requires us to, what backdoors?

In his first American television interview, Huawei Technologies president and founder Ren Zhengfei says that even if the Chinese government mandates it by law, the company would not help China spy on the U.S. In the image above, Zhengfei (right) is seen with Chinese President Xi Jinping at the company's London office. There is a close relationship between Huawei and the state, as required by law. In recent months, intelligence officials in the United States have raised concerns over Huawei's ...
Tags: Security, Post, Business, Technology, London, News, Privacy, China, US, Iran, Spying, Surveillance, Fbi, Beijing, Canada, United States

European Medicines Agency loses battle to end UK lease over Brexit

Leaving EU does not ‘frustrate’ contract with landlord Canary Wharf Group, high court rulesThe European Medicines Agency has lost a high court battle to cancel its £500m long-term office lease in London to move to Amsterdam because of Brexit.It had argued that the lease on its Canary Wharf HQ had been “frustrated” by Britain’s impending departure from the EU, a legal term meaning that owing to an unforeseen event, the basis on which the contract was signed had changed, making it impossible to fu...
Tags: Europe, Business, Politics, UK, London, Eu, European Union, UK News, Britain, Amsterdam, Article 50, Brexit, European Medicines Agency, Canary Wharf Group, Canary Wharf HQ

Microsoft detects hacking targeting Europe democracy groups

LONDON (AP) — Microsoft says it has detected hacking attacks aimed at European democratic institutions including think tanks and non-profit groups ahead of elections on the continent in May. The company said Tuesday that a group called Strontium targeted email accounts for more than 100 people in six European countries working for the German Council […]
Tags: Europe, Business, Technology, London, News, Microsoft, Ap, German Council

Ten Eleven Ventures raises $200 million for early-stage cybersecurity deals

Burlingame, California-based Ten Eleven Ventures, which exclusively backs cybersecurity deals worldwide, announced it has raised $200 million for its second fund. TEV II will invest in Series A and B rounds. The firm, founded in 2014 by Alex Doll and Mark Hatfield, separately raised a $140 million second growth fund last year. The firm said that in addition to bringing Brian Draves on last year as COO and partner, Ten Eleven has also recently hired Paul Ayers as an EIR in London and Kaiti Delane...
Tags: London, Colorado, Trends, Funds, Mark Hatfield, Paul Ayers, Emerging Managers, Ten Eleven Ventures, Burlingame California, Eleven Ventures, Alex Doll, Brian Draves, Kaiti Delaney

Resooma launches Resooma Bills to help ‘generation rent’ manage household expenditure

Resooma, the U.K. accommodation booking platform, is entering the fintech and utilities space with the launch of Resooma Bills, a new product to help “gen rent” manage household expenditure. The Cardiff, Wales-based company’s core offering is an accommodation marketplace primarily targeting students and other renters aged 18-30. Previously trading under the brand name of University Cribs, Resooma was founded in 2014 by Jack Jenkins, Dan Jefferys and Christian Samuel as a solution aimed specifica...
Tags: Travel, Startups, TC, Europe, London, Airbnb, Tom, Cardiff Wales, Jenkins, Sky TV, Acasa, Spotahome, Resooma, University Cribs Resooma, Jack Jenkins Dan Jefferys, Christian Samuel

UK regulator casts doubt on Sainsbury’s-Asda merger

LONDON (AP) — British regulators say the proposed supermarkets merger between Sainsbury’s and Walmart’s Asda unit would push up prices and reduce quality for shoppers, casting doubt on a deal that would create the country’s biggest grocery chain. The Competition and Markets Authority, in a preliminary report, said Wednesday it would be “difficult for the […]
Tags: Business, UK, London, News, Walmart, Ap, Nation, Sainsbury, Asda, Competition And Markets Authority

Payless files for bankruptcy, closing 2,500 stores

Payless ShoeSource has filed for Chapter 11 bankruptcy protection and is shuttering its remaining stores in North America. The filing on Monday came a day after the shoe chain began holding going-out-of-business sales at its North American stores. The company, based in Topeka, Kansas, updated the number of stores it is closing to 2,500, up from the 2,100 it cited on Friday when it confirmed it was planning to liquidate its business. It reiterated that stores will remain open until at least the e...
Tags: Business, London, Walmart, Sport, Soccer, Treasury, North America, Topeka Kansas, William Lyon Homes, Payless, Payless ShoeSource, Top Stories LADN, Top Stories OCR, Top Stories PE, Top Stories IVDB, Top Stories RDF

UK expands no-fly zone for drones around airports

The no-fly zone for drones around British airports is being extended to 5 kilometers (3.1 miles) in an attempt to avert disruptions like the December groundings of flights at Gatwick Airport, officials said Wednesday.
Tags: UK, London, Finance, Article, Associated Press, Gatwick Airport, FBN, Fbn/markets, Fox-business/markets, B82303d3-d7cb-53fa-9e83-28d8c1e72b81

EF raises $115M new fund, aiming to create another 300-plus startups in the next three years

Entrepreneur First (EF), the London-headquartered “talent investor” that recruits and backs individuals pre-team and pre-idea to enable them to found startups, has raised a new fund of its own to continue scaling globally. The $115 million first close was led by a number of leading (mostly unnamed) institutional investors across the U.S., Europe and Asia, including new anchor LP Trusted Insight. A number of well-known European entrepreneurs also invested. They include Taavet Hinrikus (co-founder...
Tags: Google, Fundings & Exits, Startups, TC, Asia, Europe, London, Berlin, US, Tech, Paris, Reid Hoffman, Jk Rowling, SEC, Silicon Valley, Mountain View

This futuristic Airbus smart seat prototype may make the future of economy flying a bit less miserable

The Move seat concept was created by London-based design firm Layer for Airbus. The seats are made from lightweight polyester wood smart textile wrapped around an aluminum frame.  Electrical currents running through the smart textile allow passengers to control the firmness and the temperature of the seat.  Move seats can be adjusted using an app.  According to Layer, the seats are meant to help create an innovative passenger experience for economy class travelers.  Modern slimline airplane s...
Tags: London, US, Trends, Delta, Airbus, Boeing, Delta Airbus, Benjamin Hubert Layer

Atlas Merchant Capital-led group to buy 25 pct of Ascensus

An investor group led by Atlas Merchant Capital LLC is buying just under 25 percent of Ascensus. Financial terms weren’t announced. GIC, Singapore’s sovereign wealth fund, is part of the group. Ascensus, of Dresher, Pennsylvania, provides retirement-plan services. Barclays and J.P. Morgan provided financial to Ascensus, while Willkie Farr & Gallagher LLP acted as legal counsel to the company. Debevoise & Plimpton LLP acted as legal counsel to Atlas Merchant Capital and Sidley Austin LLP acted as...
Tags: New York, London, Singapore, San Francisco, Trends, Atlas, Pennsylvania, United States, Barclays, Bob, Bob Diamond, Morgan, GIC, Sidley Austin LLP, Atlas Merchant Capital, PE Deals

Barclays hoped 2008 cash call would drive international growth, court told

Barclays believed deals with strategic investors during the 2008 financial crisis would help to provide a springboard for its international ambitions, the bank's former chairman told a London criminal trial on Tuesday.
Tags: London, Money, businessNews, Barclays

A look at companies moving UK business in the age of Brexit

Honda's decision to close a plant in Britain comes at a time when businesses are worrying about the potential impact of the country's looming departure from the European Union.
Tags: UK, London, Finance, Article, Britain, Associated Press, Honda, Brexit, FBN, Fbn/markets, Fox-business/markets, Fox-business/industries/industrials, Fox-business/industries/transportation, Fox-business/features, 45c1bbb2-97e7-5409-9285-37ab9acb513a

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