In a potentially major blow to Uber's business, London's transportation regulator announced it will not renew the ride-hailing company's license to operate in the city:
This story was delivered to Business Insider Intelligence Transportation & Logistics Briefing subscribers earlier this morning.In a potentially major blow to Uber's business, Transport for London , London's transportation regulator, that it will not renew the ride-hailing company's license to operate in the city.
Uber was shortly thereafter able to resume operations after appealing the decision — something it can do for this latest decision as well — and was granted a 15-month license after Dara Khosrowshahi took over as CEO and implemented new safety standards.
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