News Formal

Uber loses its license to operate in London, again - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 14 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 51%

Business News News

Business Business Latest News,Business Business Headlines

In a potentially major blow to Uber's business, London's transportation regulator announced it will not renew the ride-hailing company's license to operate in the city:

This story was delivered to Business Insider Intelligence Transportation & Logistics Briefing subscribers earlier this morning.In a potentially major blow to Uber's business, Transport for London , London's transportation regulator, that it will not renew the ride-hailing company's license to operate in the city.

Uber was shortly thereafter able to resume operations after appealing the decision — something it can do for this latest decision as well — and was granted a 15-month license after Dara Khosrowshahi took over as CEO and implemented new safety standards.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Uber slides as London revokes company's license—Cramer and other pros reactUber's conflict with the city of London has come to a head, and experts aren't exactly surprised by the development.
Source: CNBC - 🏆 12. / 72 Read more »