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Big tech is under increasing pressure as London bans Uber

Big tech is under increasing pressure as London bans Uber

Beyond London’s Uber-ban: several magazines this week have been commenting on the recent anti-Silicon Valley groundswell, citing both Facebook and Uber. We’ve selected a piece by The Economist. The global techlash is picking up strength. There had been signs that Uber, the ride-hailing firm, might face difficulties renewing its operating licence for London, but it(…)

More than 500,000 sign petition to save Uber as firm fights London ban

More than 500,000 sign petition to save Uber as firm fights London ban

More than half a million people have signed a petition calling for Transport for London to reverse its decision to strip Uber of its licence to operate in the capital, making it the fastest growing petition in the UK this year. The campaign Save Your Uber in London was set up by the ride-sharing firm(…)

Uber loses license to operate in London

Uber loses license to operate in London

Uber’s history of scandals and disregard for local rules finally caught up with it on Friday, when London declined to renew the ride-hailing company’s license to operate in the city, its largest European market. Transport for London, the agency that oversees the city’s subways, buses and taxicabs, declared that Uber was not sufficiently “fit and(…)

Hedge fund buys taxi mogul’s foreclosed medallions at 1990s prices

Hedge fund buys taxi mogul’s foreclosed medallions at 1990s prices

An auction at a Queens hotel on Monday gave a stark indication of how beaten-up the once mighty taxi industry is, as 46 medallions sold for $186,000 apiece, according to two people familiar with the matter. A 6% premium that’s owed to the auction house pushed the price to around $198,000 per medallion, or $9.1(…)

London’s black cabs going electric spurs aluminum restart

London’s black cabs going electric spurs aluminum restart

After being closed for three years due to a weak market, Sapa SA’s aluminum plant in south Wales will reopen this week to supply lightweight parts for automakers such as London Electric Vehicle Co., the maker of black cabs. It’s part of a revival in aluminum, a key component of new car technology. Prices have(…)

The history of New York’s taxi medallions

The history of New York’s taxi medallions

The image of the yellow taxi is inextricably linked with New York City. In a city long averse to car ownership (77% of Manhattan households are car-free) yellow cabs were the primary alternative to the subway for most of the twentieth century. Through the yellow cab (and, later, green cab) program, the city made sure(…)

MyTaxi users in Ireland have to pay new €2 booking fee from today

MyTaxi users in Ireland have to pay new €2 booking fee from today

A spokesman for MyTaxi said the change was being rolled out in order to make the company ‘more attractive’ for drivers. Anyone booking a taxi with the MyTaxi app will be charged an additional €2 from Thursday as the company seeks to attract more drivers. The introduction of a €2 fee will apply not only(…)

Taxi-medallion auctions are bringing out wealthy bidders

Taxi-medallion auctions are bringing out wealthy bidders

Troubled times—and distressed assets—can lead to strange bedfellows, Crain’s New York reports. As 46 foreclosed taxi medallions that once belonged to ‘taxi king’ Gene Freidman go on the auction block in Queens next week, private investors with no previous connection to the taxi industry are preparing bids, according to an industry veteran who is working(…)

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