(Bloomberg) -- New York City has arranged over $225 million in debt relief for more than 1,000 taxi medallion owners to aid an industry battered by competition from Uber Technologies Inc. and other app-based car services, Mayor Eric Adams said.Most Read from BloombergGazprom Halts Gas Supplies to Italy in Latest Energy BattleFed Begins to Split on the Need for Speed to Peak RatesIndonesia Suspends Football Matches as Riot Kills at Least 129Get Ready for Another Bear-Market Rally, Strategist Eman
Hundreds of ride-hailing app drivers in Barcelona and other Spanish cities could lose their jobs on Saturday when a deadline for new rules covering these services expires, drivers and fleet owners told Reuters. Spain's regional governments were told to issue new rules for private cars transporting passengers hired through mobile platforms such as Uber, Bolt and local rival Cabify, after protests from taxi drivers over unfair competition. Some regions, such as Madrid and Andalusia, are allowing the drivers to continue to operate as before, but others, such as Barcelona, introduced more restrictive measures.
Anti-fraud office opens inquiry into allegations against Neelie Kroes after alleged breach of ethics rules