Bloomberg SoftBank Group Corp. is betting that technology can overhaul the home insurance industry by leading a $120 million round in Lemonade Inc. The New York-based startup, which uses artificial intelligence and bots to minimise paperwork and speed up the claims process for renters and homeowners, had raised $60 million before the announcement. Previous backers included General Catalyst, Alphabet Inc.’s …

Bloomberg Uber Technologies Inc. is set to reach the end of the road in a legal battle over a question that’s reached the European Union’s top court—is the world’s most valuable startup a taxi company or not? Uber has argued that it’s a technology platform connecting passengers with independent drivers, not a transportation company subject to the same rules as …

Bloomberg British labour-cost pressures appear to be building, according to the latest data from the Office for National Statistics. The cost of employing someone for an hour of work rose 3 percent in the third quarter compared with a year earlier, the fastest pace since the April-June period in 2016, the ONS said on Tuesday. From the previous quarter, labor …