`Villain' Uber Makes Progress in Bid to Appease London Regulator
(Bloomberg) -- Uber Technologies Inc. is making progress in its bid to appease London's transport regulator ahead of a critical court battle over its license to operate in the city.
The transport authority's list of concerns with Uber has more than halved to 11 from 25 after it committed to governance changes and apologized for setting up hostile software, a lawyer for the ride-hailing app said at a hearing Monday. The trial to decide whether Uber is fit to operate a license in its biggest market outside the U.S. is scheduled for June 25.
Transport for London banned the company from operating in the capital because of safety concerns, but allowed it to continue operating during its appeal. Uber has been keen to show it's willing to do what it takes to win back its license, with Chief Executive Officer Dara Khosrowshahi jumping on a plane to London following news of the ban to begin patching up relations with transport regulators.
"The reaction has been one of repair and reform," said Philip Kolvin, a lawyer for Uber.
Senior District Judge Emma Arbuthnot, however, asked if the changes were just a "smokescreen."
"They were villains then, I'm exaggerating for effect, but now they've transformed themselves," Arbuthnot said. She said if there were still examples of Uber operating in an unlawful way, "then I want to know about it."
To contact the reporter on this story: Jonathan Browning in London at jbrowning9@bloomberg.net.
To contact the editors responsible for this story: Anthony Aarons at aaarons@bloomberg.net, Giles Turner
©2018 Bloomberg L.P.
-
The Economic Imperative: Analysing The Material Driving Force Behind India-Canada Strategic Reset
This economic complementarity is further reinforced by deep institutional investment ties and talent mobility, which form the bedrock of the bilateral framework.
-
Medicine Pricing: Where Must Profit Stop?
India must confront excessive margins, hidden incentives and regulatory gaps that threaten the integrity of medicine.
-
Why Amazon And Flipkart Are Struggling To Beat Meesho In India's Smaller Cities
With 274 million users and lowest-cost logistics, Meesho is defending its value commerce crown against giants like Amazon and Flipkart.
-
High US Salaries, No Green Card Certainty: The Financial Calculation Facing Indian H-1B Families
The suspension of PERM processing at eight technology employers does not cancel existing H-1B visas. What it does is force a question many Indian families have been avoiding: is the US salary worth tying your career and family plans to one employer?
-
Swiggy vs Eternal: Food Delivery's Two Rivals Are No Longer In The Same Race
Eternal is building a private AI assistant, dark.ai. Swiggy is still working out how to make Instamart pay, with an operating loss of Rs 895 crore in the July-September quarter while Blinkit stayed profitable.
-
Where You Live Shapes How You Get To Work | The Reason Why
Two-wheelers are the most popular way to get to work in India, accounting for nearly 43% of workplace commutes.
-
Unhedged Position: Can India See An Indonesia-Style Time Correction?
The Nifty is trading below levels it first clocked in 2024. Is there, then, as I have suggested in the headline, potential that the current time correction drags on painfully for the next three-five, even ten years?
-
Navigating Friction And Energy Realities: An Analysis Of Marco Rubio's October Visit To India
Occurring at a critical juncture marked by stalled trade negotiations and escalating geopolitical pressures over global energy supplies, the visit offers a profound window into modern US-India relations.
-
India Exports Capital. Why Not Export Trusteeship?
The big question, then, is whether India can build an institution that global borrowers, investors, banks, and lawyers can trust, even without an Indian connection.
-
France's Economy & Politics Are In Crisis | The Reason Why
Let's look at how the French economy and politics evolved under Nicolas Sarkozy, Franois Hollande and Emmanuel Macron.