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Uber’s Middle East business Careem cuts 31% of workforce

DUBAI (Reuters) – Uber Technologies’ Careem subsidiary said on Monday it was cutting 536 jobs this week, representing 31% of the Dubai-headquartered company’s workforce. The announcement came hours after Uber said it was shuttering its Eats delivery business i... More »

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Uber appoints new UK boss as London licence renewal nears

LONDON (Reuters) – Uber (UBER.N) appointed a new boss for Britain and Ireland on Monday just over a month before its licence expires in London, one of its most important global markets where the regulator has previously stripped it of its right to operate. Tra... More »

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No Lyft for Uber shares after results fall short

(Reuters) – Shares of Uber Inc fell 10% in early trading on Friday after the ride-hailing service missed most Wall Street targets in its quarterly earnings report, in sharp contrast to upbeat numbers from U.S. rival Lyft Inc a day earlier. None of the Wall Str... More »

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Uber’s first employee, Ryan Graves, resigns from board

SAN FRANCISCO (Reuters) – Uber’s first employee and one-time chief executive Ryan Graves will step down from the company’s board of directors, Uber said on Friday. Graves this week informed the company of his intention to resign from the board, beginning Monda... More »

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Uber’s market debut sours most anticipated IPO since Facebook

(Reuters) – Uber Technologies Inc’s conservative initial public offering could not keep its shares from sinking in their trading debut on Friday, fueling debate on Wall Street over whether the outcome of the most anticipated listing since Facebook Inc would we... More »

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Ride-hailing drivers in New York to strike ahead of Uber IPO

NEW YORK (Reuters) – Uber Technologies Inc’s drivers in New York will go on strike next week shortly before the ride-hailing company goes public to protest what they view as unfair employment conditions, a taxi union said on Friday. The protests underscore the... More »

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Uber makes confidential filing for long-awaited IPO

NEW YORK/SAN FRANCISCO, (Reuters) – Uber Technologies Inc has filed paperwork for an initial public offering, according to three people with knowledge of the matter, taking a step closer to a key milestone for one of the most closely watched and controversial ... More »

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Uber hires former U.S. safety official for self-driving effort

WASHINGTON (Reuters) – Uber Technologies Inc on Monday confirmed it hired a senior U.S. auto safety official involved in the federal government’s handling of self-driving cars for its autonomous vehicle efforts. Nat Beuse, a long-time official at the National ... More »

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India Uber president to head Asia Pacific operations

NEW DELHI (Reuters) – Uber’s India President Amit Jain has been promoted to head of the global ride-hailing firm’s Asia Pacific operations, which includes Australia, New Zealand, Japan, Hong Kong and India, the company said in an emailed statement. Jain will c... More »

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Australian regulator flags scrutiny of Uber Eats

SYDNEY (Reuters) – The head of Australia’s competition regulator said on Monday it will scrutinize contracts between Uber Technologies Inc [UBER.UL] and restaurants that use its food delivery app Uber Eats. The Australian Broadcasting Corporation reported on S... More »

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Singapore watchdog sets interim measures for Uber-Grab deal

SINGAPORE (Reuters) – Singapore’s competition watchdog on Friday outlined a set of interim measures for ride-hailing firms Grab and Uber Technologies to ensure an open market as it continued its investigation into their merger in the city-state. The Competitio... More »

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Philippines competition watchdog says examining Uber-Grab deal

SINGAPORE (Reuters) – The Philippines competition watchdog said on Monday it is looking at whether the deal by Uber Technologies [UBER.UL] to sell its Southeast Asia business to rival Grab will substantially reduce competition. “The Grab-Uber acquisition is li... More »

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Uber hails loan investors directly

FILE PHOTO – The Uber logo is seen on a screen in Singapore August 4, 2017. REUTERS/Thomas White/File Picture NEW YORK (IFR) – Uber is bringing its disruptive force to the leveraged loan market, approaching institutional investors directly on a new debt sale. ... More »

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Uber plans to sell Southeast Asia business to Grab: CNBC

FILE PHOTO: A man arrives at the Uber offices in Queens, New York, U.S. on February 2, 2017. REUTERS/Brendan McDermid/File Photo (Reuters) – Uber Technologies [UBER.UL] is preparing to sell its Southeast Asia ride-hailing business to Singapore-based Grab in re... More »

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Uber ties up with BBM messenger on ride booking

Uber’s logo is pictured at its office in Tokyo, Japan, November 27, 2017. REUTERS/Kim Kyung-Hoon JAKARTA (Reuters) – Uber Technologies [UBER.UL] said on Monday it has joined forces with BBM Messenger to allow users around the world, including in the applicatio... More »

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Uber joins forces with global public transport association

People walk past an Uber advertisement outside the Uber main office in Mandaluyong city, metro Manila, Philippines August 15, 2017. REUTERS/Dondi Tawatao BRUSSELS (Reuters) – Ride-hailing app Uber [UBER.UL] said on Monday it was joining a global public transpo... More »

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Uber’s use of encrypted messaging may set legal precedents

FILE PHOTO: Uber’s logo is pictured at its office in Tokyo, Japan, November 27, 2017. REUTERS/Kim Kyung-Hoon/File Photo SAN FRANCISCO (Reuters) – Top executives at Uber Technologies Inc used the encrypted chat app Wickr to hold secret conversations, current an... More »

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Uber to partner with Mahindra for electric vehicles in India

FILE PHOTO – The Uber logo is seen on a screen in Singapore August 4, 2017. REUTERS/Thomas White/File Picture MUMBAI (Reuters) – Ride-hailing firm Uber Technologies will partner with automaker Mahindra and Mahindra to add electric vehicles on its platform in I... More »

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Uber told SoftBank about data breach before telling public

A photo illustration shows the Uber app on a mobile telephone, as it is held up for a posed photograph, in London, Britain November 10, 2017. REUTERS/Simon Dawson (Reuters) – Uber Technologies Inc said on Thursday that it discussed a massive data breach with p... More »

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EU privacy regulators to discuss Uber hack next week

FILE PHOTO: The Uber logo is seen on mobile telephone in London, Britain, September 25, 2017. REUTERS/Hannah McKay/File Photo BRUSSELS (Reuters) – European Union privacy regulators will discuss ride-hailing app Uber’s [UBER.UL] massive data breach cover-up nex... More »

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Uber CEO heads to Brazil amid new legislative threat

The chief executive of Uber Technologies Inc, Dara Khosrowshahi, will visit its operations in Brazil next week, the company told Reuters on Friday, as the country's Congress nears a vote on legislation threatening its business model. More »

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Uber appeals against loss of London license

Uber [UBER.UL] submitted a court appeal on Friday to overturn a decision by London's transport regulator that stripped the taxi app of its operating license in one of its most important markets. More »

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Uber board set for contentious meeting over ex-CEO`s power

The board of Uber Technologies Inc [UBER.UL], including two new appointees of former Chief Executive Travis Kalanick, will meet on Tuesday to consider proposals that diminish the co-founder's influence, strip early investors of supervoting power and secure a m... More »

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Uber picks Expedia`s Dara Khosrowshahi as new CEO: sources

Uber Technologies Inc [UBER.UL] chose Dara Khosrowshahi, the chief executive of travel company Expedia Inc, as its chief executive on Sunday, according to two sources with knowledge of the matter, handing him the challenge of leading the ride-services company ... More »

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Uber board votes to pick a new CEO

The Uber Technologies Inc [UBER.UL] board of directors said on Sunday it had voted on its pick for a new chief executive officer, but declined to disclose its choice publicly until informing employees. More »

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Uber hikes Hong Kong fees amid legal troubles

Uber Technologies Inc UBER.UL on Monday hiked its Hong Kong fees by up to 80 percent after a review of its business there, the embattled ridesharing company said, adding it was not having issues financing its operations in the Asian financial hub. More »

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Uber suspends ride-sharing services in Macau

FILE PHOTO – A man arrives at the Uber offices in Queens, New York, U.S. on February 2, 2017. Uber Technologies Inc will suspend its services in Macau from July 22 as it has not been able to unlock the full benefits of ride sharing in the gambling hub, in anot... More »

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Uber launches speedboat service along the Croatian coast

Crew members from UberBOAT stand on a boat at the Adriatic sea on the island of Solta, Croatia, June 30, 2017. Antonio Bronic/ REUTERS Uber Technologies Inc [UBER.UL] launched its speedboat service in Croatia on Friday, connecting major tourist spots along the... More »

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Uber board to discuss CEO absence, policy changes: source

FILE PHOTO: A fleet of Uber’s Ford Fusion self driving cars are shown during a demonstration of self-driving automotive technology in Pittsburgh, Pennsylvania, U.S. on September 13, 2016. REUTERS/Aaron Josefczyk/File Photo Uber Technologies Inc’s [UBER.UL] boa... More »

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Uber says to partner with taxis in Myanmar expansion drive

A man arrives at the Uber offices in Queens, New York, U.S., February 2, 2017. REUTERS/Brendan McDermid – Uber Technologies Inc [UBER.UL] is only hiring government-accredited taxi drivers in Myanmar, a regional executive said, a move that allows it to avoid th... More »

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Uber driver charged with raping California woman in car

Angel Sanchez, 36, a driver for Uber, accused of sexually assaulting a passenger in his vehicle while she was under the influence of alcohol is shown in this Santa Ana, California, U.S. Police Department photo released on April 26, 2017. Courtesy Santa Ana Pol... More »

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Uber`s communication head Rachel Whetstone to depart

FILE PHOTO: A man arrives at the Uber offices in Queens, New York, U.S., February 2, 2017. REUTERS/Brendan McDermid Ride services company Uber Technologies Inc UBER.UL said on Tuesday its head of communications, Rachel Whetstone, will leave the company. More »

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Brazil`s president would veto parts of bill to regulate Uber

Brazil’s President Michel Temer listens to questions from the media during LAAD, the biggest military industry expo in Latin America in Rio de Janeiro, Brazil, April 4, 2017. REUTERS/Pilar Olivares Brazil’s President Michel Temer would veto clauses of a bill t... More »

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U.S. judge warns Uber in Waymo self-driving car case

FILE PHOTO: A man arrives at the Uber offices in Queens, New York, U.S., February 2, 2017. REUTERS/Brendan McDermid/File Photo A U.S. judge on Wednesday warned Uber Technologies Inc it could face a court injunction that would bar a key Uber executive from work... More »

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South African taxis block roads to main airport in Uber protest

Private security guard stand outside Uber offices in Parktown, a suburb of Johannesburg, South Africa, March 10, 2017. REUTERS/Siphiwe Sibeko South African taxi drivers blocked roads to Johannesburg’s airport on Friday, holding up thousands of travelers in the... More »

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Uber prohibits use of `Greyball` technology to evade authorities

FILE PHOTO – A taxi is reflected in a window at the office of taxi-hailing service Uber Inc in Hong Kong, China August 12, 2015. REUTERS/Tyrone Siu/File Photo Uber Technologies Inc [UBER.UL] has prohibited the use of its so-called “Greyball” technology to targ... More »