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Disruption versus regulation – the battle of our times
Uber and fintech operating models and cost structures are good examples of disruption versus regulation – the battle of our times. Read more…
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Uber cans move to shift Asian HQ to Hong Kong – they are not alone
Uber Technologies Inc on Thursday halted a plan to move its Asian headquarters to Hong Kong in another business blow for the Chinese-ruled city Read more…
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Uber and Hyundai plan to jointly develop electric air taxis
Uber Technologies and Hyundai Motor plan to jointly develop electric air taxis joining the race for flying cars to ease urban congestion. Read more…
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India plans to order taxi aggregators to go electric
India plans to order taxi aggregators like Uber and Ola to convert 40% of their fleet of cars to electric by April 2026. Read more…
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Grab-Uber deal fined again – this time in the Philippines
MANILA (Reuters) – The Philippines’ competition watchdog fined ride-hailing firms Grab and Uber Technologies on Wednesday, saying they consummated their merger too soon and that the quality of service dipped, becoming the second regulator in Read more…
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Singapore fines Grab and Uber $9.5 million over merger
SINGAPORE (Reuters) – Singapore’s anti-trust watchdog fined ride-hailing firms Grab and Uber a combined S$13 million ($9.5 million) over their merger deal, and ordered Uber to sell vehicles from its local leasing business to any Read more…
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Volvo unveils prototype electric robo-taxi
GOTHENBURG (Reuters) – Volvo Cars presented a fully electric robo-taxi on Wednesday, as the Geely-owned Swedish company races to meet an ambitious target for driverless vehicle sales with its Uber supply deal on hold. Besides Read more…
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Toyota invests $500m in Uber’s self-driving car program
(Reuters) – Toyota Motor Corp will invest $500 million in Uber to jointly work on developing self-driving cars, a source familiar with the matter said on Monday, a bid by both companies to catch up Read more…
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Singapore’s CCCS deems Grab-Uber merger anti-competitive
SINGAPORE (Reuters) – Singapore’s anti-trust body proposed fines on ride-hailing firms Grab and Uber, provisionally finding that their merger had reduced competition and suggesting remedies such as the sale of their car-leasing businesses. The Competition Read more…
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Uber sets sights on Japan with legit taxi-hailing pilot service
TOKYO (Reuters) – Uber Technologies plans to launch its first taxi-hailing pilot service in Japan that will connect passengers to other taxi providers, as it seeks to expand in the country where the US firm Read more…