Uber arch-rival Lyft quietly met with London regulators 5 times over the last year

LONDON — Uber’s arch-rival Lyft has quietly met with London’s transport regulators five times over the past 12 months. The meetings, some of which took place over the phone and some in person, suggest that the American transportation firm is at least considering the possibility of expanding to the British capital. Details of the meetings were disclosed in a freedom of information (FOI) request from July 2017, and The Telegraph recently highlighted them in an article. (It’s not clear if TfL and Lyft have met again since July; the regulator did not immediately respond to a request for comment.) If Lyft did expand to London, it’d be a major additional… Read More

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A seventh man has been arrested over the Parsons Green terror attack

A seventh suspect in the Parsons Green terror attack has been arrested, police said on Monday. The man, a 20-year-old, was detained in Cardiff after a dawn raid on a property in the city. London’s Metropolitan Police said its officers carried out the arrest at 6 a.m. local time (BST), alongside Welsh counter-terror police officers and members of South Wales Police. The man was taken to a police station in south London, where he is being questioned alongside the other suspects still under arrest. Police have not released the man’s identity. He is the fourth person to be arrested in Wales, after three men were detained in the city of… Read More

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These are the 15 most valuable car brands in the world

Every year, Interbrand puts together its list of the world’s most valuable brands. To calculate a brand’s value, the agency combines a company’s financial forecast with its proprietary “role of brand” and “brand strength” calculations from its analysts across the globe. Together, these calculations give each brand a value number, which can be used to compare it to all of the others on the list. In some cases, a brand’s value is similar to its market cap (if the company is publicly traded). For others, the brand value might be wildly different than its market value. Tesla, for instance, has a brand value of $4.01 billion, according to Interbrand, but… Read More

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Artificial intelligence could make brands obsolete (GOOGL, AMZN, AAPL)

Brands are dead, or they might be in the future. According to Aaron Shapiro, the CEO of the marketing firm Huge, brands will take a backseat as technology like artificial intelligence and machine learning become more prevalent. “As machines start to take more decisions for people, it makes it harder for marketers to figure out how to enter into that equation, and how to influence consumer behavior,” Shapiro told Markets Insider. “It’s very disruptive for many companies.” Artificial intelligence powers technology like Apple’s new face recognition unlock tool and Google’s smart assistant. AI is in its infancy, but it already is showing up in users lives in a big way,… Read More

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Pro-Jeremy Corbyn group Momentum has won the battle for the soul of the Labour Party

Momentum now has 27,000 members and is dominating Labour’s party conference in Brighton. The organisation has been criticised after launching an attempt to stop the Labour conference discussing motions about Brexit. Labour’s National Executive Committee has passed plans to make it easier for a left-wing successor to Corbyn to be elected. Left-wing activists have won seats on the influential Conference Arrangements Committee. A veteran Labour MP tells Business Insider that Momentum wants to “capture the party.” BRIGHTON — As Labour delegates meet for their party conference in Brighton, the supremacy of the Jeremy Corbyn-backing Momentum group is highly apparent. It’s fringe meetings are spread across several venues and are massively… Read More

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‘Deal or No Deal’ host Noel Edmonds claims he has a secret RBS scandal report

Television presenter Noel Edmonds claims to have a copy of a secret report into allegations RBS bankrupted small companies to buy up their assets on the cheap. The “Deal or No Deal” presenter said on his website he has “obtained” the Financial Conduct Authority (FCA) report, which the regulator has refused to make public. The FCA commissioned an investigation in 2014 into allegations that RBS’ Global Restructuring Group pushed some of its small business customers into bankruptcy in the aftermath of the financial crisis. The FCA said last November that RBS was guilty of “systematic” mistreatment of distressed small businesses that came to it for help, but cleared the bank… Read More

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The Bank of England is sounding the alarm on post-Brexit data sharing between Britain and the EU

LONDON — The Bank of England warned on Monday that many firms “lack robust contingency plans” to deal with certain forms of disruption to the financial sector that could stem from Brexit. Focusing on data sharing between Britain and the EU after Brexit, the FPC said in a statement on September 20: “Firms also lack robust contingency plans to mitigate risks to financial service provision from possible barriers to the flow of personal data between the UK and EU27.” So far discussions of disruptions to the financial services sector after Brexit have largely focused on banks having to move staff out of the UK, and on the potential for London… Read More

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Edinson Cavani turns down €1m offer to give Neymar PSG penalty duties

Description Paris Saint-Germain striker Edinson Cavani Credits Thomas Samson/AFP/Getty Images Alt Text Edinson Cavani PSG French club reportedly offered Uruguayan the lump sum to end spot-kick rift One-Minute Read Monday, September 25, 2017 – 11:20am Edinson Cavani has reportedly turned down a €1million (£879,440) offer from Paris Saint-Germain to allow Neymar to take penalties for the club. See related Neymar apologises to PSG squad after Cavani penalty clash Neymar to PSG: The politics behind the transfer saga PSG’s star duo had argued on the pitch over who would take a penalty against Lyon in the Ligue 1 clash on 17 September. Various media reported that the players then clashed in… Read More

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