Uber Technologies Inc said on Saturday it has received permission to operate in London under a new 30-month license, ending a years-long battle with the city transport regulator over safety concerns. “Uber has been granted a London private hire vehicle operator’s license for a period of two and a half years,” a spokesperson for Transport […]
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Uber’s Middle East business Careem is looking to hire more than 200 people, according to a company LinkedIn post, as it expands the roll out of its “Super App” which offers services outside its core ride-hailing business. Careem said it was looking to fill jobs “from engineers to data analysts, operations managers to platform designers, […]
In a Financial Times report released on Wednesday, the U.S. publicized intentions of intensifying its grip on Chinese firms by expanding its blacklist to include commercial drone maker DJI as well as several biotech firms. The report caused shares of Chinese healthcare and technology firms to drop as investors shudder with worry from the news’ […]
Uber has been sued by the U.S. Department of Justice (DOJ) on Wednesday over “wait time” fees charged to passengers with physical disabilities. The suit, filed in the U.S. District Court for the Northern District of California, alleges that Uber went against Title III of the Americans with Disabilities Act (ADA). The ride hailing app […]
Uber on Thursday posted a big rebound in third-quarter revenue thanks to riders and drivers returning from pandemic lockdowns, but its bottom-line loss was wider than Wall Street expected. The San Francisco-based ride-hailing company said its third-quarter loss widened to $2.42 billion, or $1.28 per share, from $1.1 billion, or 62 cents per share, in […]
A court in Amsterdam ruled Monday that Uber drivers fall under the Dutch taxi drivers’ collective labor agreement — meaning they are entitled to the same employment benefits as taxi drivers. Uber said it would appeal the ruling. The Amsterdam civil court said in a statement that three judges ruled that the legal relationship between […]
Three of the nation’s largest food delivery companies are suing New York City over a limit on fees it put in place during the pandemic to protect restaurants devastated by the forced closure of their dining rooms. The city has continued to extend those caps even as vaccinations allow more indoor dining which, according to […]
In a CNBC interview on Thursday, Uber CEO Dara Khosrowshahi announced that the ride-hailing giant will mandate its office workers to get vaccinated to resume working hours, but not its drivers. Later this year, all of Uber’s U.S. corporate office-based staff will be obliged to get the COVID-19 vaccine before resuming working hours. However, Khosrowshahi says it wouldn’t be […]
Uber’s ride-hailing service is regaining the momentum that it lost during the pandemic, but it’s coming at a cost that’s raising more doubts about the company’s ability to make money. At the same time, Uber’s unprofitable delivery service is still growing at a torrid pace, indicating that some homebound habits may be here to stay, […]
Uber shares tumbled on Wednesday with more than 4.5 percent in extended trading, following a report stating that SoftBank is selling around $2 billion worth of shares, in a definitive attempt to recover from lost bets on Didi and other investments. Japanese telecommunications and technology multinational conglomerate Softbank is selling a whopping 44 million shares […]