Uber confident on profit as ride-sharing rebounds Uber Technologies forecast quarterly core earnings above estimates today, after a surge in demand for travel and food delivery helped the US ride-sharing giant report … Business • 02 May
Lyft shares sink after grim forecast Lyft shares fell 35% today after a bleak forecast fueled worries that the company will have to cut prices and sacrifice profit to avoid being … Business • 10 Feb
Uber focuses on 2023 profits as pandemic pain eases Uber Technologies has said it will focus on delivering profits this year, after rounding off 2022 with blowout earnings as a surge in demand for … Business • 08 Feb
Uber slips on report it breached laws Shares of Uber fell 2.3% in premarket trading, after a Guardian report on Sunday said the ride-hailing giant had breached the law and taxi regulations … Business • 11 Jul 22
Bolt raises €628m at valuation of over €7.4 billion Estonian startup Bolt said today it had raised €628m from investors led by Sequoia Capital and Fidelity Management and Research, taking its valuation to €7.4 … Business • 11 Jan 22
EU draft plan gives rights to Uber, Deliveroo drivers The European Commission announced draft rules today to give many workers such as couriers for online platform companies including Uber and Deliveroo employee benefits, a … Business • 09 Dec 21
Uber, Deliveroo could be hit by EU rules for workers Uber, Deliveroo and other online platform companies may have to reclassify some of their workers as employees under draft European Union rules meant to boost … Business • 08 Dec 21
Uber enters cannabis market with orders in Canada Uber Technologies said it will allow users in Ontario in Canada, to place orders for cannabis on its Uber Eats app, marking the lift-hailing giant's … Business • 22 Nov 21
Uber's first operating profit as driver shortage eases Uber Technologies has reported its first profitable quarter on an adjusted basis since it launched more than a decade ago with its two most important … Business • 05 Nov 21
Uber drivers are employees, says Dutch court Uber drivers are employees, not contractors, and so entitled to greater workers' rights under local labour laws, a Dutch court ruled today, handing a setback … Business • 13 Sep 21
CarTrawler partners with Uber for car rentals CarTrawler, an Irish provider of car rental technology has announced a partnership with Uber. Business • 29 Apr 21
UK Supreme Court rules against Uber over driver rights Britain's top court has ruled that ride-hailing giant Uber's drivers are entitled to workers' rights, in a judgement with huge implications for the "gig economy". Business • 19 Feb 21
Uber granted 18-month London licence after legal battle Uber has won a legal bid to restore its London operating licence which was taken away over safety concerns, after a judge ruled today that … Business • 28 Sep 20
Uber to initiate Limerick redundancies next month Uber employees in Limerick have been informed that redundancies at the company's European Headquarters in the city will be initiated on or after 12 June. Munster • 19 May 20
Uber to cut 3,000 jobs as part of coronavirus response Uber has announced it is cutting a quarter of its global workforce and trimming investment to survive the financial hit to its business from the … Business • 18 May 20
Fears for workers at Limerick city's Uber office There are fears that plans by the global car booking and ride sharing service Uber to seek 3,700 redundancies across its services will affect staff … Munster • 07 May 20
Uber sees profit by end of 2020, ahead of target Uber Technologies has moved forward by a year its target to achieve a measure of profitability to the fourth quarter of 2020, but it said … Business • 07 Feb 20
Hyundai to make flying cars for Uber air taxis Hyundai has announced that it would mass produce flying cars for Uber's aerial taxi network set to deploy in 2023. Business • 07 Jan 20
Delivery Hero agrees world's biggest food app deal Germany's Delivery Hero has agreed to buy South Korea's top food delivery app operator Woowa Brothers for $4 billion. Business • 13 Dec 19
Uber reveals thousands of reported sex assaults in US Nearly 6,000 sexual assaults, including more than 450 cases of rape, were reported to Uber in the US in 2017 and 2018, the ridesharing company … World • 06 Dec 19
Uber self-driving car did not recognise jaywalkers An Uber self-driving car that struck and killed a woman last year in Arizona failed to recognise her as a pedestrian because she was jaywalking, … US • 06 Nov 19
Uber reports record losses Uber reported a record $5.2 billion loss, and revenue that fell short of Wall Street targets as growth in its core ride-hailing business slowed, sending … Business • 09 Aug 19
Uber cutting marketing jobs to try improve efficiency Uber has confirmed it is cutting 400 jobs from its marketing team of more than 1,200 workers to reduce costs and improve efficiency. Business • 30 Jul 19
Waymo offers Wifi and other perks into robotaxis Waymo is rolling out amenities to entice riders to use its self-driving taxis, creating a potential route to profitability in a money-losing industry. Business • 08 Jul 19
Uber picks Melbourne as test site for flying taxi Uber Technologies said it will use Australia's second-largest city, Melbourne, as the first international test site for the group's planned flying taxi service. Business • 12 Jun 19
