Uber’s European rival Bolt launches in London

Uber’s European rival Bolt is now taking it on in the streets of London. The Estonian ride-hailing company formerly known as Taxify announced its launch in the U.K.’s capital city Tuesday. It joins a growing list of start-ups trying to take market share from Uber in the London metropolitan area. Villig, who founded the company in 2013, said more than 20,000 drivers have already signed up with Bolt ahead of Tuesday’s launch. There were an estimated 87,900 private hire vehicles licensed in London


Uber’s European rival Bolt is now taking it on in the streets of London. The Estonian ride-hailing company formerly known as Taxify announced its launch in the U.K.’s capital city Tuesday. It joins a growing list of start-ups trying to take market share from Uber in the London metropolitan area. Villig, who founded the company in 2013, said more than 20,000 drivers have already signed up with Bolt ahead of Tuesday’s launch. There were an estimated 87,900 private hire vehicles licensed in London
Uber’s European rival Bolt launches in London Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-11  Authors: elizabeth schulze
Keywords: news, cnbc, companies, launch, european, bolt, villig, ridehailing, uber, vehicles, company, london, ubers, uks, rival, launches


Uber's European rival Bolt launches in London

Uber’s European rival Bolt is now taking it on in the streets of London.

The Estonian ride-hailing company formerly known as Taxify announced its launch in the U.K.’s capital city Tuesday. It joins a growing list of start-ups trying to take market share from Uber in the London metropolitan area.

“We see this as quite a monumental thing for both the company and the ride-hailing industry as a whole,” Bolt CEO Markus Villig told CNBC in an interview. “London is one of the biggest, most profitable markets for Uber globally and one where it didn’t have a serious competitor.”

Villig, who founded the company in 2013, said more than 20,000 drivers have already signed up with Bolt ahead of Tuesday’s launch. There were an estimated 87,900 private hire vehicles licensed in London as of March 2018, according to the Department for Transport.


Company: cnbc, Activity: cnbc, Date: 2019-06-11  Authors: elizabeth schulze
Keywords: news, cnbc, companies, launch, european, bolt, villig, ridehailing, uber, vehicles, company, london, ubers, uks, rival, launches


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A no-deal Brexit is unlikely, UK’s Philip Hammond says

A no-deal Brexit is unlikely, UK’s Philip Hammond says10:40 PM ET Sun, 9 June 2019Philip Hammond, Britain’s chancellor of the exchequer, says there is a “clear majority” in Parliament which is against the U.K. leaving the European Union without a deal.


A no-deal Brexit is unlikely, UK’s Philip Hammond says10:40 PM ET Sun, 9 June 2019Philip Hammond, Britain’s chancellor of the exchequer, says there is a “clear majority” in Parliament which is against the U.K. leaving the European Union without a deal.
A no-deal Brexit is unlikely, UK’s Philip Hammond says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-10
Keywords: news, cnbc, companies, unlikely, hammond, philip, brexit, uk, says1040, majority, uks, parliament, union, nodeal


A no-deal Brexit is unlikely, UK's Philip Hammond says

A no-deal Brexit is unlikely, UK’s Philip Hammond says

10:40 PM ET Sun, 9 June 2019

Philip Hammond, Britain’s chancellor of the exchequer, says there is a “clear majority” in Parliament which is against the U.K. leaving the European Union without a deal.


Company: cnbc, Activity: cnbc, Date: 2019-06-10
Keywords: news, cnbc, companies, unlikely, hammond, philip, brexit, uk, says1040, majority, uks, parliament, union, nodeal


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Eleven candidates vying to become UK’s next Prime Minister as Theresa May steps down

Eleven candidates vying to become UK’s next Prime Minister as Theresa May steps down3 Hours AgoCNBC’s Willem Marx reports from London on Theresa May’s final day as Britain’s Prime Minister.


Eleven candidates vying to become UK’s next Prime Minister as Theresa May steps down3 Hours AgoCNBC’s Willem Marx reports from London on Theresa May’s final day as Britain’s Prime Minister.
Eleven candidates vying to become UK’s next Prime Minister as Theresa May steps down Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-07
Keywords: news, cnbc, companies, candidates, prime, marx, vying, minister, steps, uks, willem, mays, theresa, reports


Eleven candidates vying to become UK's next Prime Minister as Theresa May steps down

Eleven candidates vying to become UK’s next Prime Minister as Theresa May steps down

3 Hours Ago

CNBC’s Willem Marx reports from London on Theresa May’s final day as Britain’s Prime Minister.


Company: cnbc, Activity: cnbc, Date: 2019-06-07
Keywords: news, cnbc, companies, candidates, prime, marx, vying, minister, steps, uks, willem, mays, theresa, reports


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Sterling falls as Brexit talks between the UK’s two main parties collapse

Prime Minister Theresa May and opposition Labour Party leader Jeremy Corbyn during the State Opening of Parliament on June 21, 2017 in London, United Kingdom. Hopes that the U.K.’s two largest political parties can hash out a Brexit agreement have ended. Six weeks of talks between the most senior lawmakers from the ruling Conservative Party and main opposition Labour party have ended with no deal. Corbyn added that the lack of support behind May and the likelihood that she will soon be replaced


Prime Minister Theresa May and opposition Labour Party leader Jeremy Corbyn during the State Opening of Parliament on June 21, 2017 in London, United Kingdom. Hopes that the U.K.’s two largest political parties can hash out a Brexit agreement have ended. Six weeks of talks between the most senior lawmakers from the ruling Conservative Party and main opposition Labour party have ended with no deal. Corbyn added that the lack of support behind May and the likelihood that she will soon be replaced
Sterling falls as Brexit talks between the UK’s two main parties collapse Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-17  Authors: david reid
Keywords: news, cnbc, companies, parties, collapse, votes, talks, theresa, minister, parliament, uks, falls, main, party, versus, prime, sterling, brexit, labour


Sterling falls as Brexit talks between the UK's two main parties collapse

Prime Minister Theresa May and opposition Labour Party leader Jeremy Corbyn during the State Opening of Parliament on June 21, 2017 in London, United Kingdom.

Hopes that the U.K.’s two largest political parties can hash out a Brexit agreement have ended.

Six weeks of talks between the most senior lawmakers from the ruling Conservative Party and main opposition Labour party have ended with no deal. Labour leader Jeremy Corbyn wrote in a letter to Prime Minister Theresa May on Friday that talks had “gone as far as they can go” and his party will now oppose her Brexit proposal.

Corbyn added that the lack of support behind May and the likelihood that she will soon be replaced as prime minister had undermined talks.

“The increasing weakness and instability of your government means there cannot be confidence in securing whatever might be agreed between us,” he said.

As skepticism grew over a cross-party deal, the pound has embarked on nine straight sessions of losses versus the euro, marking the longest unbroken run of losses this century. Versus the dollar it dipped to $1.2760 on Friday, marking a four-month low. This after almost reaching $1.34 as recently as March.

It is now expected that the U.K. government will put various options, known as indicative votes, to Parliament instead. The last time lawmakers in the lower house of Parliament — the House of Commons — held such a series of votes on Brexit there was no majority preference for any outcome.


Company: cnbc, Activity: cnbc, Date: 2019-05-17  Authors: david reid
Keywords: news, cnbc, companies, parties, collapse, votes, talks, theresa, minister, parliament, uks, falls, main, party, versus, prime, sterling, brexit, labour


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Supermarket giant Sainsbury’s opens UK’s first checkout-free store

All customers at the Sainsbury’s convenience store, in Holborn Circus, London, will scan and pay for their shopping using an app that they download to their smartphone. U.S. tech giant Amazon, for example, has opened a number of checkout-free Amazon Go stores in Seattle, Chicago and San Francisco. Customers use their Amazon Go app to enter the store, where technology detects when items are taken off the shelves and put in a “virtual cart.” Once they are done shopping, customers walk out of the s


All customers at the Sainsbury’s convenience store, in Holborn Circus, London, will scan and pay for their shopping using an app that they download to their smartphone. U.S. tech giant Amazon, for example, has opened a number of checkout-free Amazon Go stores in Seattle, Chicago and San Francisco. Customers use their Amazon Go app to enter the store, where technology detects when items are taken off the shelves and put in a “virtual cart.” Once they are done shopping, customers walk out of the s
Supermarket giant Sainsbury’s opens UK’s first checkout-free store Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-30  Authors: anmar frangoul
Keywords: news, cnbc, companies, customers, uks, store, pay, cash, amazon, sainsburys, checkoutfree, supermarket, giant, app, spokesperson, opens, scan, technology


Supermarket giant Sainsbury's opens UK's first checkout-free store

One of the U.K.’s biggest supermarkets has opened a till-free store. All customers at the Sainsbury’s convenience store, in Holborn Circus, London, will scan and pay for their shopping using an app that they download to their smartphone.

As shoppers walk around the store, they will scan the items they wish to buy, pay using an app and then scan a QR code to confirm they have paid.

The store has been remodeled for the new technology, with its checkout area and tills removed. The pilot will last for three months, Sainsbury’s said Monday.

A helpdesk has been installed to support shoppers who want to pay with cash or cards. Sainsbury’s said that 82% of transactions at the shop were cashless.

“This is an experiment rather than a new format for us – it hasn’t been done in the U.K. before and we’re really excited to understand how our customers respond to the app experience,” Clodagh Moriarty, chief digital officer at the Sainsbury’s Group, said in a statement.

“We’ll be with our customers and colleagues all the way over the coming months, iterating continuously based on their feedback before we decide if, how and where we make this experience more widely available,” Moriarty added.

A number of businesses are introducing technology that could transform the way people shop in stores. U.S. tech giant Amazon, for example, has opened a number of checkout-free Amazon Go stores in Seattle, Chicago and San Francisco.

Customers use their Amazon Go app to enter the store, where technology detects when items are taken off the shelves and put in a “virtual cart.” Once they are done shopping, customers walk out of the store, with a charge made to their Amazon account soon after.

Earlier this month, however, an Amazon spokesperson confirmed to CNBC via email that the company was planning to accept cash at its Go stores.

The spokesperson described the process as “you’ll check out, pay with cash, and then get your change.”

“We are working to accept cash at Amazon Go,” the spokesperson added.

CNBC’s Eugene Kim contributed to this report


Company: cnbc, Activity: cnbc, Date: 2019-04-30  Authors: anmar frangoul
Keywords: news, cnbc, companies, customers, uks, store, pay, cash, amazon, sainsburys, checkoutfree, supermarket, giant, app, spokesperson, opens, scan, technology


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New tech in UK prisons can pinpoint illegal phones to an ‘exact cell’

The U.K.’s Ministry of Justice has started to use “specialist mobile detection technology” to find and then seize phones that are being used illegally by prisoners. The technology is being used to tackle the problem of mobile phone smuggling, which authorities said resulted in both violence and drug-dealing inside prisons. When it detects the presence of a cell phone in prison, the technology sends real-time alerts. A digital heat map is used to identify the strength of the phone’s signal, enabl


The U.K.’s Ministry of Justice has started to use “specialist mobile detection technology” to find and then seize phones that are being used illegally by prisoners. The technology is being used to tackle the problem of mobile phone smuggling, which authorities said resulted in both violence and drug-dealing inside prisons. When it detects the presence of a cell phone in prison, the technology sends real-time alerts. A digital heat map is used to identify the strength of the phone’s signal, enabl
New tech in UK prisons can pinpoint illegal phones to an ‘exact cell’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-23  Authors: anmar frangoul, siur, istock, getty images
Keywords: news, cnbc, companies, prisons, technology, tech, phone, exact, vital, uks, mobile, smuggle, cell, illegal, prison, uk, pinpoint, used, phones


New tech in UK prisons can pinpoint illegal phones to an 'exact cell'

The U.K.’s Ministry of Justice has started to use “specialist mobile detection technology” to find and then seize phones that are being used illegally by prisoners.

The technology is being used to tackle the problem of mobile phone smuggling, which authorities said resulted in both violence and drug-dealing inside prisons.

When it detects the presence of a cell phone in prison, the technology sends real-time alerts. A digital heat map is used to identify the strength of the phone’s signal, enabling prison officers to home in on its location “to the exact cell.”

Prison staff are able to look at the data of a specific period of time to monitor the emergence of any patterns, such as when prisoners work together to smuggle drugs into a prison. The intelligence can be analysed and lead to arrests.

The technology has undergone a six-month trial in one prison and is being rolled out to four more facilities. The locations of where it’s being used have not been made public.

“As criminals look for new ways to smuggle contraband into prisons, it is vital that we stay one step ahead, and this kind of technology will help prevent them operating from their cells,” David Gauke, the U.K.’s justice secretary, said in a statement Sunday.

“This is vital to ensuring prisons are places of safety and rehabilitation, where offenders can turn their backs on crime for good,” Gauke added.

Follow CNBC International on Twitter and Facebook.


Company: cnbc, Activity: cnbc, Date: 2019-04-23  Authors: anmar frangoul, siur, istock, getty images
Keywords: news, cnbc, companies, prisons, technology, tech, phone, exact, vital, uks, mobile, smuggle, cell, illegal, prison, uk, pinpoint, used, phones


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Ireland is adequately prepared for a disorderly Brexit, finance minister says

Ireland is adequately prepared for a disorderly Brexit, finance minister says7 Hours AgoThe U.K.’s recently-granted Brexit extension is seen as a positive development in Ireland, but the government is encouraging Irish companies to make all necessary preparations to cope with a potential disorderly Brexit, Irish Finance Minister Paschal Donohoe told CNBC’s Joumanna Bercetche during the IMF Spring Meetings in Washington, D.C.


Ireland is adequately prepared for a disorderly Brexit, finance minister says7 Hours AgoThe U.K.’s recently-granted Brexit extension is seen as a positive development in Ireland, but the government is encouraging Irish companies to make all necessary preparations to cope with a potential disorderly Brexit, Irish Finance Minister Paschal Donohoe told CNBC’s Joumanna Bercetche during the IMF Spring Meetings in Washington, D.C.
Ireland is adequately prepared for a disorderly Brexit, finance minister says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-14  Authors: niall carson, pa images, getty images
Keywords: news, cnbc, companies, prepared, minister, brexit, told, ireland, adequately, spring, uks, washington, finance, disorderly, irish


Ireland is adequately prepared for a disorderly Brexit, finance minister says

Ireland is adequately prepared for a disorderly Brexit, finance minister says

7 Hours Ago

The U.K.’s recently-granted Brexit extension is seen as a positive development in Ireland, but the government is encouraging Irish companies to make all necessary preparations to cope with a potential disorderly Brexit, Irish Finance Minister Paschal Donohoe told CNBC’s Joumanna Bercetche during the IMF Spring Meetings in Washington, D.C.


Company: cnbc, Activity: cnbc, Date: 2019-04-14  Authors: niall carson, pa images, getty images
Keywords: news, cnbc, companies, prepared, minister, brexit, told, ireland, adequately, spring, uks, washington, finance, disorderly, irish


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First quarter earnings are expected to be lousy, but the stock market may not care

Stocks could also ride higher on a better outlook for the U.S. economy, after a batch of better data including Friday’s March jobs report. “I think we confirm that 10th anniversary of this bull market by hitting a new all-time high. At that meeting, the Fed released revised forecasts, with no rate hikes now expected in 2019 and a slower growth outlook. On the data front, there are CPI consumer inflation data Wednesday and producer price inflation on Thursday. The European Union Council meets Wed


Stocks could also ride higher on a better outlook for the U.S. economy, after a batch of better data including Friday’s March jobs report. “I think we confirm that 10th anniversary of this bull market by hitting a new all-time high. At that meeting, the Fed released revised forecasts, with no rate hikes now expected in 2019 and a slower growth outlook. On the data front, there are CPI consumer inflation data Wednesday and producer price inflation on Thursday. The European Union Council meets Wed
First quarter earnings are expected to be lousy, but the stock market may not care Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-05  Authors: patti domm, spencer platt, getty images
Keywords: news, cnbc, companies, quarter, end, think, uks, lousy, week, earnings, care, maybe, stock, including, data, union, market, fed, inflation, expected


First quarter earnings are expected to be lousy, but the stock market may not care

Keon said there are risks, including whether there really is a trade deal with China over the next couple of weeks and whether China’s economy is really bottoming. “Is the success of China’s stimulus gong to to continue and spread to other countries? To me, the picture is much brighter than it was a couple months ago,” he said.

Strategists said any number of factors could be the catalyst to push stocks to records, including earnings season, if companies beat lowered guidance and their outlooks are good. Stocks could also ride higher on a better outlook for the U.S. economy, after a batch of better data including Friday’s March jobs report.

“I think maybe we end up getting to a new high sometime early in the second quarter, and then maybe we do some sideways moving in that ‘sell in May’ period,” said Sam Stovall, chief investment strategist at CFRA. “I think we confirm that 10th anniversary of this bull market by hitting a new all-time high. Then we digest some of those gains and move sideways for a bit and let some of those earnings catch up, and then maybe there’s a yearend advance.”

Also in the week ahead, investors are watching for the minutes from the Fed’s last meeting, released Wednesday afternoon. At that meeting, the Fed released revised forecasts, with no rate hikes now expected in 2019 and a slower growth outlook. The minutes should also show what Fed officials were considering when they decided to end the program to roll down their balance sheet, and bond traders are looking for clues on which type of Treasurys the Fed will hold in its balance sheet.

On the data front, there are CPI consumer inflation data Wednesday and producer price inflation on Thursday. Both of these indexes should be closely watched since wage gains were muted in Friday’s March jobs report, and strategists said they see no sign of inflation on the horizon. The Fed also sees below trend inflation, so any unexpected change would be important.

The U.K.’s effort to leave the European Union will continue to make headlines in the week ahead. The European Union Council meets Wednesday, and will consider the U.K.’s request to extend the Brexit deadline, originally this coming Friday.

“It could go in any number of directions. The thing we’ve been telling people is if it’s a messy, hard Brexit, the big difference between now and three years ago is you’d get a big chunk of that safe haven flow into U.S. dollars,” said Michael Schumacher, director, rate strategy at Wells Fargo. Schumacher said investors would be more inclined to move into the short end of the Treasury curve, rather than into German bunds, which have negative yields.


Company: cnbc, Activity: cnbc, Date: 2019-04-05  Authors: patti domm, spencer platt, getty images
Keywords: news, cnbc, companies, quarter, end, think, uks, lousy, week, earnings, care, maybe, stock, including, data, union, market, fed, inflation, expected


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UK’s criticism of Huawei’s security flaws is ‘damaging’: Expert

UK’s criticism of Huawei’s security flaws is ‘damaging’: Expert2 Hours AgoRoger Entner of Recon Analytics explains why the U.K report criticizing Huawei for its security flaws is “damaging.”


UK’s criticism of Huawei’s security flaws is ‘damaging’: Expert2 Hours AgoRoger Entner of Recon Analytics explains why the U.K report criticizing Huawei for its security flaws is “damaging.”
UK’s criticism of Huawei’s security flaws is ‘damaging’: Expert Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-29
Keywords: news, cnbc, companies, uk, huawei, report, expert, flaws, uks, hours, security, damaging, recon, huaweis, criticism


UK's criticism of Huawei's security flaws is 'damaging': Expert

UK’s criticism of Huawei’s security flaws is ‘damaging’: Expert

2 Hours Ago

Roger Entner of Recon Analytics explains why the U.K report criticizing Huawei for its security flaws is “damaging.”


Company: cnbc, Activity: cnbc, Date: 2019-03-29
Keywords: news, cnbc, companies, uk, huawei, report, expert, flaws, uks, hours, security, damaging, recon, huaweis, criticism


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Brexit alternatives to be voted on as Theresa May faces calls to step down

British lawmakers are to start voting on alternative options in the Brexit process as they try to take control of the U.K.’s departure from the EU. Members of Parliament (MPs) will vote Wednesday evening on what their preferred courses of action are when it comes to Brexit. The votes, known as indicative votes, will be held after debates on the options. The process could carry on into next week with lawmakers narrowing down the options. May is due to meet backbenchers (those that aren’t part of


British lawmakers are to start voting on alternative options in the Brexit process as they try to take control of the U.K.’s departure from the EU. Members of Parliament (MPs) will vote Wednesday evening on what their preferred courses of action are when it comes to Brexit. The votes, known as indicative votes, will be held after debates on the options. The process could carry on into next week with lawmakers narrowing down the options. May is due to meet backbenchers (those that aren’t part of
Brexit alternatives to be voted on as Theresa May faces calls to step down Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-27  Authors: holly ellyatt, chris j ratcliffe, bloomberg, getty images
Keywords: news, cnbc, companies, uks, faces, votes, support, voted, options, departure, uk, step, alternatives, process, vote, mps, brexit, calls, set, theresa


Brexit alternatives to be voted on as Theresa May faces calls to step down

British lawmakers are to start voting on alternative options in the Brexit process as they try to take control of the U.K.’s departure from the EU.

Members of Parliament (MPs) will vote Wednesday evening on what their preferred courses of action are when it comes to Brexit. The options MPs are expected to vote on include the U.K. remaining in a customs union with the EU, a possible second referendum, revoking Article 50 (the process that set the U.K.’s departure from the EU in motion) or a no-deal exit.

The votes, known as indicative votes, will be held after debates on the options. The votes are non-binding but they will indicate what path has the most support from politicians across all the parties in the House of Commons (the lower house of Britain’s Parliament). The process could carry on into next week with lawmakers narrowing down the options.

Faced with the prospect of MPs taking over, there has been speculation that U.K. Prime Minister Theresa May could set out her own departure date from government in a last-ditch bid to get backbench MPs to support her own twice-defeated deal. May is due to meet backbenchers (those that aren’t part of her government but are part of her party) on Wednesday evening ahead of the votes.


Company: cnbc, Activity: cnbc, Date: 2019-03-27  Authors: holly ellyatt, chris j ratcliffe, bloomberg, getty images
Keywords: news, cnbc, companies, uks, faces, votes, support, voted, options, departure, uk, step, alternatives, process, vote, mps, brexit, calls, set, theresa


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