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The Court of Justice of the European Union rejected on Thursday rules set by the city of Barcelona that dramatically restrict the number of cars working with ride-hailing apps such as Uber. Barcelona had introduced a series of rules intended to reduce the number of drivers of private cars transporting passengers hired through mobile platforms and fleet owners to protect the interests of taxi services. But the EU's top court said the justification for the restrictions is contrary to EU law, according to a document sent by the Court.
Uber journeys in petrol cars will become more expensive than in their electric counterparts when travelling from the airport as part of a push to decarbonise the taxi service.
(Bloomberg) -- Uber Technologies Inc. will make it possible to rent out your car on its app, with a peer-to-peer car-sharing service aimed at making its ride-hailing business more sustainable.Most Read from BloombergRussian Elite Is Souring on Putin’s Chances of Winning His WarAmericans Are Leaving Portugal as Golden Visa Honeymoon EndsLeaving New York for Miami Can Save Nearly $200,000S&P 500 Enters Bull Market as Tech Rally Resumes: Markets WrapBonds Everywhere Suffer as Rate-Hike Fears Swamp
(Bloomberg) -- Lyft Inc.’s founding mission hinged on making transportation more environmentally friendly. But the ride-hailing company’s sustainability efforts have been dealt a setback as new Chief Executive Officer David Risher prioritizes slashing costs in a bid to keep up with Uber Technologies Inc. Most Read from BloombergRussian Elite Is Souring on Putin’s Chances of Winning His WarAmericans Are Leaving Portugal as Golden Visa Honeymoon EndsLeaving New York for Miami Can Save Nearly $200,
A top European court on Thursday ruled against restrictions imposed by Barcelona city hall on ride-hailing companies like Uber and Cabify.The Luxembourg-based Court of Justice of the EU (ECJ) ruled Thursday that the rules violated ride-hailing firms' "freedom of establishment" in the city.
U.S. ride-hailing giant Uber said on Thursday that customers will soon be able to track emissions avoided when choosing greener rides and have the option of shared rides in more cities to further reduce CO2 emissions. The company said customers will be able to track the amount of CO2 avoided via its Uber Green service that uses low- or zero-emission vehicles and its Comfort Electric service using electric vehicles (EVs). Uber has previously promised that all the cars used to provide rides for customers will be fully electric by 2040 and says it now has 60,000 EVs active on its platform.
Mark Twain once said, "History doesn't repeat itself, but it often rhymes." The stock market regularly embodies that quote, and 2023 is shaping up to be a great example. The Nasdaq-100 technology index plunged 33% last year, but data going back to its inception in 1985 suggests consecutive down years are rare.
Uber said on Wednesday it has opened a new office with space for 1,000 additional workers in Amsterdam, where the company has its international headquarters. The U.S. ride sharing and food delivery firm said in a statement it currently employs more than a thousand workers in Amsterdam and is looking to add additional engineers. "Our new headquarters gives us space to grow in Amsterdam, as we actively recruit top tech talent in the (Dutch) capital," CEO Dara Khosrowshahi said.
Uber recently removed an Uber One perk that you may have used often. You'll no longer get a discount on eligible rides. Find out what you'll get instead.
Travel and travel booking stocks hope this year's summer travel demand can return them to their pre-pandemic growth outlooks. Scott Devitt, Wedbush Securities Managing Director of Equity Research, joins Yahoo Finance Live to break down the state of the travel industry while examining the forecast for ride-share stocks.
Here is your Pro Recap of the biggest analyst picks you may have missed since yesterday: upgrades at Ford, Comerica, and Valley National Bancorp, and initiation at Uber. Citi upgraded Ford Motor (NYSE:F) to Buy from Neutral and raised its price target to $16.00 from $12.80 following the results of its 2023 Vehicle Density survey, which pointed to “a surprisingly strong density outlook, suggesting that recent auto demand resilience reflects a genuine increase in wallet share.” According to the firm, the upgrade reflects an improved risk/reward proposition due to (1) a more positive outlook on U.S. auto demand, (2) Ford's recent CMD and re-segmentation, which increase the likelihood that Ford Pro will drive improved sentiment and possibly SoP treatment, (3) potential improvements in sentiment towards electric vehicles as Ford’s Model-e unit executes towards H2 margin targets, and (4) the recognition of major opportunities in the Sw/AI-defined car sector.
Which? finds a basket of items speedily delivered by Deliveroo, Just Eat or Uber Eats can cost a third more
Which? acknowledged that ordering groceries from the apps is ‘undeniably convenient’ but warned that it found ‘shocking’ price differences.
Etsy (ETSY) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
The collaboration between Ford (F) and Uber marks a significant milestone in the transition toward electric ridesharing.
Uber (UBER) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
After going through a textbook technology hype cycle, the promise of autonomous vehicles has finally arrived.
Rideshare giant to limit pricing during disruptions in an area with transport minister stressing it will come ‘at no cost to taxpayers’
Uber is seeing an influx of European taxi drivers joining its platform, an executive told Reuters, a surprising development given the history of tensions between the company and the traditional taxi industry. In an interview, Uber's Anabel Diaz, who oversees the company's mobility (ride-sharing) business in EMEA, said business is strong in Europe despite lingering uncertainty about gig economy labour rules. Europe, the Middle East and Africa "are growing fairly nicely with numbers that go from 10% to more than 50% growth in some of our geographies," she said.
Alphabet's (GOOGL) Waymo joins forces with Uber to deliver an autonomous driving experience to the latter's customers.
Uber Technologies (NYSE: UBER) has managed to produce over $500 million in profits from its delivery business over the past two quarters, and there's one key driving force behind the gains. What's more, the advertising business is just getting started, with Uber committing to $1 billion in ad revenue by next year.
After a tough 2022, tech stocks have made a surprising recovery this year, paced by big tech companies and the perception that many of these stocks were oversold. Additionally, layoffs across much of the sector have also helped tech companies slim down and show greater profitability. After a long journey through the doldrums, Uber Technologies (NYSE: UBER) has made a surprising comeback.
Self-driving technology is proliferating, and that could be a threat to Uber's (NYSE: UBER) business. It doesn't have its own self-driving technology like competitors and would need to partner with someone else to compete, which may put the company at a big disadvantage.
Lyft may be reaching for a higher gear in the driverless race. The company is seeking to patent a method for matching autonomous...
After giving up on its own autonomous driving technology years ago, Uber (NYSE: UBER) is now partnering with Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) subsidiary Waymo to bring autonomous vehicles to Phoenix, Arizona.