Rolling coverage of the latest economic and financial news
- Latest: IFO survey shows German economy picking up
- Hang Seng index has jumped 1.5% today
- Pro-democracy party triumphs
- Full story: Hong Kong voters deliver landslide victory for pro-democracy campaigners
Alarmingly, TFL says that at least 14,000 Uber journeys were carried out by unauthorised drivers, who managed to upload their photos into other drivers’ accounts.
That allowed them to appear to be legitimate Uber operatives (who would have been through its vetting procedure). But they could actually have been uninsured, and a potential safety risk.
NEWSFLASH: Ride-hailing service Uber has been refused a new licence to operate in London.
Transport for London has concluded that Uber is not a fit and proper company to hold a licence to operate private hire vehicles in the capital.
#Breaking Uber has not been granted a new licence to operate in London after “several breaches that placed passengers and their safety at risk” were identified, Transport for London said