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Uber seeks to cut pricing

NEW YORK: Ride-hailing service Uber Technologies Inc is asking lenders to lower pricing on its US$1.13bn term loan due in 2023, sources said. Strong demand for the company’s debt has kept bids for the loan above 100 in the secondary…

Uber files appeal against licence loss

LONDON: Uber submitted an appeal on Friday against the decision by the southern coastal English city of Brighton to strip the taxi app of its licence for not being “fit and proper” over data concerns and the use of drivers from outside the…

Uber tests First of its kind Flying taxi service

Los Angeles: Uber today has given the first look at design models for its new air taxi, which it hopes to fly by 2020. They will be on display at the Uber Elevate Summit in Los Angeles. The design looks a bit like a drone, with multiple…