Uber has agreed to consider its drivers as employees. They will not be considered full-time workers but will earn minimum wage when driving passengers, get sick pay and holiday time, and a pension.
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Dara khosrowshahi RSS
An agreement to purchase majority ownership at Cornershop was revealed to the public by Uber Technologies Inc today. The ridesharing company disclosed that it hopes to close the deal by early 2020.
Uber could go public sometime in 2019 according to its chief executive, Dara Khosrowshahi. Others with knowledge on the topic suggest that the firm could go public in the second half of 2019.
Uber is in talks with Waymo to bring the driverless vehicles onto the ride hailing network, the Uber CEO confirmed. Uber wants to patch up its relationship with Waymo after a legal fight.
Grab will now take over Uber's Southeast Asia business, including around 500 employees, as part of a merger deal. In exchange, Uber will acquire a 27.5 percent stake in the combined company.
Uber's CEO Dara Khosrowshahi is resting the company's future growth in Japan after announcing that the ride-hailing service plans to forge partnerships with taxi operators in the East Asian country.
Uber has filed an appeal with the courts against TfL's decision not to issue a new license to the company. The move was done so the company can operate while talks continue between Uber and TfL.
The board of Uber held their meeting yesterday to talk about the future of the company. Uber is now closer to taking a huge investment from SoftBank, and Kalanick's potential manoeuvres are lessened.
The fight between ex-Uber CEO, Travis Kalanick, and the board is continuing. On Tuesday, the board will seek to limit the power Kalanick has by removing his allies on the board and ending supervoting.
Following an apology from Uber's new CEO, Dara Khosrowshahi, on behalf of the company, the mayor of London, and chairman of TfL, Sadiq Khan, has called for talks between the company and TfL.
Uber's new CEO has reached out to employees via email in order to address yesterday's decision by the Transport for London. He said Uber should engage in self-reflection to correct its problems.