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Uber mobile app, Reuters.
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A photo illustration shows the Uber app logo displayed on a mobile telephone, as it is held up for a posed photograph in central London September 22, 2017. REUTERS/Toby Melville
Uber has its London Licence Stripped
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...Caption:
Ride-hailing app Careem. (AFP)
China’s DiDi Invests in Middle East Ride-Hailing Service Careem
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...Caption:
Grab Taxi/ Image Credit: Edgar Su / Reuters
Grab, Uber’s Competitor, to Get $2.5 Billion in Funds
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...Caption:
The Uber mobile phone app. (Getty Images)