Subscribers

London strips Uber of operating licence after Sept 30

Transport authority says company's conduct shows lack of corporate responsibility; latter says it will appeal decision

London

LONDON stripped Uber on Friday of its licence to operate from the end of next week in a huge blow to the taxi service and 3.5 million users in one of the world's wealthiest cities.

The capital's transport authority said the Silicon Valley technology giant was not fit and proper to hold a private vehicle hire licence and it would not be renewed when it expires on Sept 30.

Uber, whose 40,000 drivers in London account for a third of private vehicles hired, said it would contest the decision and...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes