by Asharq Al-Awsat Online | Sep 24, 2017 | Lifestyle & Culture
London- US taxi firm Uber is prepared to make concessions as it seeks to reverse a decision by London authorities not to renew its license in the city, which represents a potentially big blow for the fast-growing company, ‘The Sunday Times’ reported. The...
by Asharq Al-Awsat English | Sep 22, 2017 | World
London’s transport regulator stripped Uber on Friday of its license to operate from the end of September. The decision will affect more than 40,000 drivers in a massive blow to the taxi app. “Uber’s approach and conduct demonstrate a lack of corporate responsibility...
by Asharq Al-Awsat English | Aug 8, 2017 | Business
China’s largest ride-hailing firm DiDi Chuxing has invested in Careem, the Dubai-based Middle East online taxi service. This new partnership deal marks Didi’s latest international expansion against rival Uber. DiDi is seeking to turn up the heat on...
by Asharq Al-Awsat | Jul 26, 2017 | Technology
Singapore- Seeking to extend its lead over Uber, southeast Asia based ride-hailing firm Grab announced it expects to raise $2.5 billion from Chinese peer Didi Chuxing and Japan’s SoftBank Group Corp and others. The pair will invest up to $2 billion. Grab said on...
by Barry Ritholtz | Jul 11, 2017 | Opinion
We sometimes take for granted that which is right before our collective noses. Creative destruction caused by technology is so rampant that it is practically a cliche. It is easy to ignore not only the speed at which disruption caused by technology is affecting...
