German business confidence rises; Hong Kong shares surge – business live
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- 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
10.40am GMT
Uber shares drop 6% in premarket after regulator strips it of London license
10.37am GMT
Uber has hit back, saying it is “extraordinary and wrong” of TFL not to renew its London licence.
The company says it has audited all its London drivers in the last two months, and is setting up a new “facial matching” process to protect passengers.
Uber says it will appeal
“TfL’s decision not to renew (the) licence in London is extraordinary + wrong”
“Over the last 2 months we have audited every driver in London. We will be introducing a new facial matching process, which we believe is a 1st in London taxi/private hire.”
Editor
