Bloomberg New York’s city council dealt a political blow to Uber Technologies Inc. and other app-based car-for-hire companies by approving a one-year industry wide cap on new licenses and giving the city Taxi & Limousine Commission authority to set minimum pay standards for drivers. The passage of sweeping industry regulations signalled politicians’ changed attitudes towards the so-called gig economy and ...

Bloomberg Few corners of the tech industry are as tantalising or complex as quantum computing. For years evangelists have promised machines capable of breaking the most impenetrable coded messages, unlocking the secret properties of the physical world and putting supercomputers to shame. But Rigetti Computing, one of the most prominent and well-funded startups in the field, would just like to ...

Bloomberg Fears about global oil supplies have receded after producers pumped more, according to the International Energy Agency (IEA), which a month ago warned of a potential shortage. “Concerns about the stability of oil supply have cooled down somewhat, at least for now,” the agency, which advises most of the world’s major economies, said in a monthly report. “We have ...