Consumer group Which? is unhappy with the U.K. data protection bill and has called on the government to amend the draft legislation to allow third-party organizations to seek collective redress for data breaches on behalf of consumers. Read More
Shift Technology is raising a Series B round of $28 million from Accel and General Catalyst. Accel had already led the company’s previous round. Existing investors Elaia Partners and Iris Capital are also participating in today’s round. Read More
European fintech startup N26 has plans to expand beyond Europe. The company’s co-founder and CEO Valentin Stalf is announcing today at the Money20/20 conference that N26 is going to launch in the U.S. around mid-2018 and has hired a handful of people who are already working in New York. Read More
Five major lobby groups write letter to David Davis in latest sign of employers’ growing alarm about state of talks with EU
UK business leaders have united to urge David Davis to quickly establish a Brexit transition deal that mirrors existing arrangements or risk losing British jobs and investment.
In a letter to the Brexit secretary seen by the Guardian, five of the UK’s biggest business lobby groups said time was running out for the government to strike a transition deal before firms start to rein in spending plans as they finalise budgets for 2018 and prepare to implement contingency plans for Britain’s departure from the EU.
The EU27’s negotiating guidelines for the two-year Brexit talks stipulate that they must take place in two phases: separation and “orderly withdrawal”, followed by future relationship. Only when the EU27 decide “sufficient progress” has been made on phase one can phase two begin.
Just left Frankfurt. Great meetings, great weather, really enjoyed it. Good, because I’ll be spending a lot more time there. #Brexit
As Facebook finds itself publicly on the hook for enabling Russian agents to spread divisive propaganda via its platform, be it in the form of fake news, ‘dark ads’, issue pushing Facebook pages, and even political rallies organized using its Event tools, there’s another side to the story of how tech tools are impacting the democratic process currently playing out in… Read More
A report by an EU consumer watchdog has flagged up myriad problems with smartwatches designed for children, including security flaws, privacy concerns, and risks posed by unreliable features. Read More
The smart home market continues to heat up, and the legacy giants do not want to get locked out: quite literally. This morning, Assa Abloy, the $23 billion Swedish lock giant that owns Yale and many other brands — announced that it is buying US-based smart lock maker August Home to double down on new technology. Terms of the deal are not being disclosed but we have asked both August… Read More
Jinn, the London-based startup that offers a same-hour ‘shop on your behalf’ delivery app that operates quite similarly to Postmates in the U.S., has shut down, with the company in the process of going into administration. Read More