Uber wins 30-month London license, ending a lengthy battle with city regulators

Uber wins 30-month London license, ending a lengthy battle with city regulators


Peter Summers | Getty Images

LONDON — Uber has secured a 30-month license to continue operating in London, ending a protracted battle with city regulators over whether the ride-hailing app was “fit and proper.”

“Uber has been granted a London private hire vehicle operator’s license for a period of two and a half years,” a Transport for London spokesperson said in a statement Saturday.

The move ends a years-long spat with the agency, which twice revoked Uber’s London license — once in 2017, and a second time in 2019. Authorities were concerned about the company’s ability to keep passengers safe. Uber subsequently won an 18-month London permit in court.

Uber has sought to turn on the charm over the years, adding new safety features to its platform and striking a deal with Britain’s GMB to formally recognize the labor union for its private hire drivers.

The company reclassified all its U.K. drivers as workers last year after the country’s top court ruled a group of drivers should be treated as workers instead of independent contractors, entitling them to employment protections like a minimum wage, holiday pay and pensions.

“TfL rightly holds our industry to the highest regulatory and safety standards and we are pleased to have met their high bar,” Jamie Heywood, Uber’s regional general manager for Northern and Eastern Europe, said in a statement.

The decision removes a key source of uncertainty for Uber in the U.K. — London is its largest European market — and comes as the company is dealing with rising inflation amid the twin challenges of a labor shortage and surging energy prices. Uber hiked its London fares by 10% in November.



Source

Bluesky CEO Jay Graber says X rival is ‘billionaire proof’
Technology

Bluesky CEO Jay Graber says X rival is ‘billionaire proof’

Bluesky has surged in popularity since the presidential election earlier this month, suddenly becoming a competitor to Elon Musk’s X and Meta’s Threads. But CEO Jay Graber has some cautionary words for potential acquirers: Bluesky is “billionaire proof.” In an interview on Thursday with CNBC’s “Money Movers,” Graber said Bluesky’s open design is intended to […]

Read More
Alphabet shares slide 6% following DOJ push for Google to divest Chrome
Technology

Alphabet shares slide 6% following DOJ push for Google to divest Chrome

Jaque Silva | Nurphoto | Getty Images Alphabet shares slid 6% Thursday, following news that the Department of Justice is calling for Google to divest its Chrome browser to put an end to its search monopoly. The proposed break-up would, according to the DOJ in its Wednesday filing, “permanently stop Google’s control of this critical […]

Read More
Bitcoin climbs, reaching a new all-time high above ,000
Technology

Bitcoin climbs, reaching a new all-time high above $97,000

Bitcoin breached the $95,000 level for the first time Wednesday evening as investors continued pricing in a second Donald Trump presidency. The price of the flagship cryptocurrency was last higher by more than 3% at $97,646.68, according to Coin Metrics. Earlier, it rose as high as $97,788.00. Shares of MicroStrategy, a bitcoin proxy, gained 3% […]

Read More