London Start-up

Privately-owned L-charge raised $1.5 million in September and is seeking a partner to help it increase production to 2,000 mobile and stationary devices annually.

An Indian-origin entrepreneur's London-headquartered start-up is leading the UK capital's financial technology boom as it overtakes New York in the sector, according to a report released on Monday.

Formed in 2013, Oyo Rooms is already worth an estimated $5 billion after receiving funding from international venture capitalists. The app-based company, Oyo Rooms, has quickly become India's largest hotel firm by number of rooms and one of the biggest in China as it pursues an aggressive expansion abroad.

Business and first-class travelers could soon fly between London and New York aboard a supersonic commercial airplane in about 2.5 hours, according to one start-up - that's less time than it takes to watch a "Lord of the Rings" movie.

Start-ups need space, funding, mentorship and an environment where onecan learn from one another, president of Imperial College of London, Alice Gast said.

After being announced in Los Angeles last year, the service was launched in 12 cities, including Detroit, London, Paris, Nairobi, Tokyo, Seoul and San Francisco.

Snapchat, which has 150 million daily users globally, will book sales in countries where it has no local entity in Britain rather than routing them through lower tax jurisdictions like Ireland and Luxembourg as some other US tech companies do.

Uber has launched a legal challenge against new rules in London which could require thousands of its drivers to take an English-language test, the company said on Tuesday.

The prevalence of start-ups around Old Street roundabout has seen it dubbed Silicon Roundabout.

A Spanish start-up has developed a revolutionary new machine that can 3D print a variety of foods - from pasta to pizza - in different shapes.

Privately-owned L-charge raised $1.5 million in September and is seeking a partner to help it increase production to 2,000 mobile and stationary devices annually.

An Indian-origin entrepreneur's London-headquartered start-up is leading the UK capital's financial technology boom as it overtakes New York in the sector, according to a report released on Monday.

Formed in 2013, Oyo Rooms is already worth an estimated $5 billion after receiving funding from international venture capitalists. The app-based company, Oyo Rooms, has quickly become India's largest hotel firm by number of rooms and one of the biggest in China as it pursues an aggressive expansion abroad.

Business and first-class travelers could soon fly between London and New York aboard a supersonic commercial airplane in about 2.5 hours, according to one start-up - that's less time than it takes to watch a "Lord of the Rings" movie.

Start-ups need space, funding, mentorship and an environment where onecan learn from one another, president of Imperial College of London, Alice Gast said.

After being announced in Los Angeles last year, the service was launched in 12 cities, including Detroit, London, Paris, Nairobi, Tokyo, Seoul and San Francisco.

Snapchat, which has 150 million daily users globally, will book sales in countries where it has no local entity in Britain rather than routing them through lower tax jurisdictions like Ireland and Luxembourg as some other US tech companies do.

Uber has launched a legal challenge against new rules in London which could require thousands of its drivers to take an English-language test, the company said on Tuesday.

The prevalence of start-ups around Old Street roundabout has seen it dubbed Silicon Roundabout.

A Spanish start-up has developed a revolutionary new machine that can 3D print a variety of foods - from pasta to pizza - in different shapes.