Uber faces £2.9M fee to renew London license under new rules

 London’s transport regulator, Transport for London, has released details of a new more expansive and expensive system of tiered license fees for private hire operators that will drive up the fees that ride-hailing companies like Uber need to pay to operate in the city. Read More

GoCardless CEO: ‘I still feel like I’m the same person’

 It has nearly been a year since GoCardless co-founder and CEO Hiroki Takeuchi was involved in a serious road accident that left him paralysed below his chest, and unable to walk again. Based on multiple interviews, including with Takeuchi himself, we tell the story of his journey back to startup life and the many challenges faced along the way. Read More

The eurozone may be back on its feet. But is Greece?

Jean-Claude Juncker believes Europe is starting to recover at last. But the picture from the union’s most fallible economy is very mixed

Is the eurozone on the mend? Jean-Claude Juncker certainly thinks so. The EU president was upbeat in Brussels last week as he gave his annual state-of-the-union address, proclaiming that “the wind is back in Europe’s sails”.

Juncker’s optimism appeared to match the view from Greece, the currency bloc’s problem child. In Athens only the previous week, the visiting French president, Emmanuel Macron, had been even more enthusiastic, declaring against the backdrop of the Acropolis that Greece’s prolonged crisis was over, and that therefore Europe’s was too.

Related: Weakest eurozone economies on long road to recovery

Related: The eurozone strikes back – why Europe is booming again

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The eurozone strikes back – why Europe is booming again

Structural reforms since financial crisis are slowly but surely starting to bear fruit, with the lowest unemployment since 2009 and production ratcheted up

It was a story few predicted: the eurozone is growing faster than the United States. When Jean-Claude Juncker gave his annual state of the union speech on Wednesday last week, Europe’s booming economy was near the top of his list. Ten years since the crisis struck, “Europe’s economy is finally bouncing back,” the European commission president told MEPs. Detailing the economic resurgence, but also referring to the EU’s newfound unity after Britain’s vote to leave, Juncker declared: “the wind is back in Europe’s sails”.

In fact, growth in the 19-country eurozone has quietly outshone the US for the last two years. The latest annualised growth numbers show the single currency bloc growing at 2.3%, compared with 2.2% for the world’s largest economy. Eurozone unemployment has fallen to the lowest level since 2009, while factories are humming again, with production up 3.2% on last year.

Related: Weakest eurozone economies on long road to recovery

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Meet the startups that just pitched at EF’s 8th Demo Day in London

 Entrepreneur First (EF), the company builder and “talent first” investor, has just held Demo Day for its eighth London cohort, seeing 14 newly-formed startups pitch their wares onstage to investors, press and other actors in the European tech scene. What’s particularly interesting about EF is that it backs individuals “pre-team, pre-idea” — meaning that, as… Read More

Europe says “all options on table” for taxing tech giants

 The European Commission is preparing a list of legal options on how to make digital multinationals such as Amazon, Facebook and Google pay more tax, Reuters reports.  Read More

BlaBlaCar expands its BlaBlaLines service to Paris area

 BlaBlaCar is currently trying to reinvent itself. And it starts with BlaBlaLines, a new ride-sharing service for daily commutes. The company first tested out the new service around Reims and Toulouse. It is now live in the Paris area. BlaBlaCar was first all about long-distance ride sharing. If you’re driving from Paris to London, you can list your ride on BlaBlaCar and get connected… Read More

Philip Hammond tells the City he will protect its global position

UK chancellor hints he won’t tolerate protectionist measures from EU aiming to lure business away

The UK will not water down rules to protect its financial services sector in the wake of Brexit, the chancellor said on Wednesday as he sent a message to his counterparts in the EU that he would not tolerate protectionist measures being imposed to lure business way.

Philip Hammond also told his audience of financiers in a set-piece speech in the City that his priority was to devise policies that would allow the UK to retain its place as a leading global financial centre.

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