Business

Singapore fines Uber, new partner, Grab $9.5 million

Singapore’s anti-trust watchdog fined ride-hailing firms Grab and Uber, a combined 9.5 million dollars over their merger-deal, and ordered Uber to sell vehicles from its local leasing business to any rival that makes a reasonable offer. The deal invited regulatory scrutiny in the region, with the Competition and Consumer Commission of Singapore (CCCS) in a […]

Diplomatic Channel

Uber says not clear what prompted London regulator to strip it of license

LONDON (Reuters) – Uber said on Monday it was not clear what concerns London’s transport regulator had for stripping it of its license as the taxi app battles to keep operating in one of the world’s wealthiest cities. On Friday, the British capital’s regulator deemed Uber unfit to run a taxi service and decided not […]