Uber launched an investigation on Thursday (September 15) to probe a cybersecurity incident. This comes after reports emerged that its network was breached. The incident led Uber Technologies Inc to shut down several internal communications and engineering systems.&nbsp;

Reports mentioned that a hacker gained access to some vulnerability reports of Uber. The cyberattack incident was highlighted when screenshots of the company's internal systems, email dashboard, and Slack server were shared.&nbsp;

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Uber Communications tweeted, "We are currently responding to a cybersecurity incident. We are in touch with law enforcement and will post additional updates here as they become available."&nbsp;

Citing&nbsp;an Uber spokesperson, New York Times reported on Thursday that a hacker compromised an employee's workplace messaging app Slack. The report further informed that the apparent hacker sent&nbsp;a message to Uber employees announcing that the company had suffered a data breach.&nbsp;

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The report also added that the hacker was later able to gain access to other internal systems, posting an explicit photo on an internal information page for employees.&nbsp;

Citing two employees, Times reported that the Slack system was taken offline on Thursday afternoon after employees received the message from the hacker.&nbsp;

The hacker's message read: "I announce I am a hacker and Uber has suffered a data breach." The hacker further listed several internal databases that were claimed to be compromised.&nbsp;

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Uber launched an investigation on Thursday (September 15) to probe a cybersecurity incident. This comes after reports emerged that its network was breached. The incident led Uber Technologies Inc to shut down several internal communications and engineering systems.

Uber launched an investigation on Thursday (September 15) to probe a cybersecurity incident. This comes after reports emerged that its network was breached. The incident led Uber Technologies Inc to shut down several internal communications and engineering systems. Reports mentioned that a hacker gained access to some vulnerability reports of Uber. The cyberattack incident was highlighted when screenshots of the company's internal systems, email dashboard, and Slack server were shared. ALSO READ | US: Apple becomes market's most-shorted stock, unseats Tesla to hold the title Uber Communications tweeted, "We are currently responding to a cybersecurity incident. We are in touch with law enforcement and will post additional updates here as they become available." Citing an Uber spokesperson, New York Times reported on Thursday that a hacker compromised an employee's workplace messaging app Slack. The report further informed that the apparent hacker sent a message to Uber employees announcing that the company had suffered a data breach. WATCH | The Royal Family: Here's how you can follow the updated social media handles × ALSO READ | US judge appoints 'special master' in Donald Trump document case The report also added that the hacker was later able to gain access to other internal systems, posting an explicit photo on an internal information page for employees. Citing two employees, Times reported that the Slack system was taken offline on Thursday afternoon after employees received the message from the hacker. The hacker's message read: "I announce I am a hacker and Uber has suffered a data breach." The hacker further listed several internal databases that were claimed to be compromised. WATCH WION LIVE HERE You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here.

Hacker announces Uber data breach, shares screenshots of internal systems, dashboard & server

Careem, a unit of Uber Technologies, expects ride-hailing demand to recover to pre-pandemic levels “sometime” in 2021, encouraged by a better-than-expected pickup as countries started to ease coronavirus-related curbs.

COVID-19 Pandemic: Ride hailing firm Careem sees recovery

Amazon.com's CEO Jeff Bezos has invested in a British startup company called Beacon, which is a digital freight forwarder on Sunday. According to Beacon, it raised over $15 million in a Series A fundraising from many investors including Bezos' Amazon and even venture capital firm 8VC.

Amazon.com's CEO Jeff Bezos has invested in a British startup company called Beacon, which is a digital freight forwarder on Sunday. According to Beacon, it raised over $15 million in a Series A fundraising from many investors including Bezos' Amazon and even venture capital firm 8VC. Beacon has been formed two years ago by two of the former Uber technology executives. The startup venture has been backed by Uber founders Travis Kalanick and Garrett Camp, along with former Google CEO Eric Schmidt. The company is also a supply chain finance firm and provides real-time data of cargo delivery and a market-view of global shipping costs and prices. "With digitalisation accelerating globally as a result of COVID-19, we believe the future of the traditional freight forwarder is more precarious than ever," CEO Fraser Robinson said in a statement. Beacon has said that the money raised will be used as an investment in new hires, technology and market expansion. Amazon did not immediately respond to request for comment. (Inputs from Reuters)

Amazon's Jeff Bezos invests in UK-based company Beacon

Uber Technologies Inc said on Wednesday that growth in bookings for its ride-hailing and delivery services rose 6 per cent in the latest quarter, the third quarter in a row that growth has remained in the single digits after double-digit growth for all of last year.

The San Francisco-based firm lost $1.07 billion for the three months ending September 30, a 20 per cent increase from the previous quarter but down 27 per cent from a year ago, when the company posted its biggest publicly reported quarterly loss on the heels of the departure of Uber co-founder and former Chief Executive Travis Kalanick.

Uber is seeking to expand in freight hauling, food delivery and electric bikes and scooters as growth in its now decade-old ride-hailing business dwindle.

The company, valued at $76 billion, faces pressure to show it can still grow enough to become profitable and satisfy investors in an initial public offering planned for some time next year.

Its adjusted loss before interest, taxes, depreciation and amortisation was $592 million, down from $614 million last quarter and $1.02 billion a year ago.

"We had another strong quarter for a business of our size and global scope," said Nelson Chai, Uber's chief financial officer, who joined in September after the job had been vacant for three years. He emphasised the "high-potential markets in India and the Middle East where we continue to solidify our leadership position."

But broader economic conditions and sustained losses could push Uber to merge with rivals in India and the Middle East, particularly as Uber and India-based Ola share an investor in SoftBank Group Corp.

Uber's gross bookings were $12.7 billion, up 6 per cent from the previous quarter and up 41 per cent from a year ago. In late 2016, Uber's quarterly bookings growth approached 30 per cent, and in early 2017 it still sustained double-digit growth quarter-over-quarter. At the start of this year, however, bookings growth slid into the single digits.

Revenue for the quarter was $2.95 billion, a 5 per cent boost from the previous quarter and up 38 per cent from a year ago. That trailed the second-quarter year-over-year revenue increase of 63 per cent.

As a private company, Uber is not required to publicly disclose financials, but last year started releasing selected figures.

BET ON SCOOTERS, BIKES AND TRUCKS

Since CEO Dara Khosrowshahi took the helm more than a year ago, Uber has retreated from foreign markets where it had suffered heavy losses and shuttered certain pricey ventures including self-driving trucks. But Khosrowshahi has ploughed the savings back into its freight-hauling, food-delivery, electric scooter and bikes businesses.

An investment by SoftBank that closed in January, which gave the Japanese investor a 15 per cent stake in Uber, included a provision that requires Uber to file for an IPO by September 30 of next year, or the company risks allowing restrictions on shareholder stock transfers to expire. That could create a mess for Uber's ownership structure and equity value, and pose regulatory problems.

Uber is considering moving its public debut up from the second half of 2019 to the first half, given concerns about a market downturn and an expected IPO from its chief US rival, Lyft Inc, according to sources familiar with the matter.

Khosrowshahi has focused on growing Uber Eats, which took in $2.1 billion in booking revenue, marking a 150 per cent jump over last year and about 17 per cent of total bookings.

Uber has also pledged to double its investment over the next year in Freight, a brokerage service set up in May 2017 for truck drivers and fleet managers looking for cargo to haul. The business is doubling the number of loads it connects with truckers every quarter, Uber said.

But it is not yet clear whether either business can sustain a profit. It is also unclear how Uber will fare in a shakeout of the crowded global food-delivery industry, and whether its freight business will be widely adopted by fleet managers.

Uber Technologies Inc said on Wednesday that growth in bookings for its ride-hailing and delivery services rose 6 per cent in the latest quarter, the third quarter in a row that growth has remained in the single digits after double-digit growth for all of last year.

Uber Technologies Inc said on Wednesday that growth in bookings for its ride-hailing and delivery services rose 6 per cent in the latest quarter, the third quarter in a row that growth has remained in the single digits after double-digit growth for all of last year. The San Francisco-based firm lost $1.07 billion for the three months ending September 30, a 20 per cent increase from the previous quarter but down 27 per cent from a year ago, when the company posted its biggest publicly reported quarterly loss on the heels of the departure of Uber co-founder and former Chief Executive Travis Kalanick. Uber is seeking to expand in freight hauling, food delivery and electric bikes and scooters as growth in its now decade-old ride-hailing business dwindle. The company, valued at $76 billion, faces pressure to show it can still grow enough to become profitable and satisfy investors in an initial public offering planned for some time next year. Its adjusted loss before interest, taxes, depreciation and amortisation was $592 million, down from $614 million last quarter and $1.02 billion a year ago. "We had another strong quarter for a business of our size and global scope," said Nelson Chai, Uber's chief financial officer, who joined in September after the job had been vacant for three years. He emphasised the "high-potential markets in India and the Middle East where we continue to solidify our leadership position." But broader economic conditions and sustained losses could push Uber to merge with rivals in India and the Middle East, particularly as Uber and India-based Ola share an investor in SoftBank Group Corp. Uber's gross bookings were $12.7 billion, up 6 per cent from the previous quarter and up 41 per cent from a year ago. In late 2016, Uber's quarterly bookings growth approached 30 per cent, and in early 2017 it still sustained double-digit growth quarter-over-quarter. At the start of this year, however, bookings growth slid into the single digits. Revenue for the quarter was $2.95 billion, a 5 per cent boost from the previous quarter and up 38 per cent from a year ago. That trailed the second-quarter year-over-year revenue increase of 63 per cent. As a private company, Uber is not required to publicly disclose financials, but last year started releasing selected figures. BET ON SCOOTERS, BIKES AND TRUCKS Since CEO Dara Khosrowshahi took the helm more than a year ago, Uber has retreated from foreign markets where it had suffered heavy losses and shuttered certain pricey ventures including self-driving trucks. But Khosrowshahi has ploughed the savings back into its freight-hauling, food-delivery, electric scooter and bikes businesses. An investment by SoftBank that closed in January, which gave the Japanese investor a 15 per cent stake in Uber, included a provision that requires Uber to file for an IPO by September 30 of next year, or the company risks allowing restrictions on shareholder stock transfers to expire. That could create a mess for Uber's ownership structure and equity value, and pose regulatory problems. Uber is considering moving its public debut up from the second half of 2019 to the first half, given concerns about a market downturn and an expected IPO from its chief US rival, Lyft Inc, according to sources familiar with the matter. Khosrowshahi has focused on growing Uber Eats, which took in $2.1 billion in booking revenue, marking a 150 per cent jump over last year and about 17 per cent of total bookings. Uber has also pledged to double its investment over the next year in Freight, a brokerage service set up in May 2017 for truck drivers and fleet managers looking for cargo to haul. The business is doubling the number of loads it connects with truckers every quarter, Uber said. But it is not yet clear whether either business can sustain a profit. It is also unclear how Uber will fare in a shakeout of the crowded global food-delivery industry, and whether its freight business will be widely adopted by fleet managers.

Uber posts $1 billion loss in quarter as growth in bookings slows

Uber Technologies Inc will pay $148 million for failing to disclose a massive data breach in 2016, marking a costly resolution to one of the biggest embarrassments and legal tangles the ride-hailing company has suffered.

The settlement with 50 US states and Washington, DC brings closure to one of several high-stakes legal battles Uber is seeking to resolve before an initial public offering next year, while also delivering a national rebuke against Uber's history of flouting laws and basic business ethics.

The amount is the largest among attorneys general settlements in privacy cases. By comparison, the multi-state settlement with Target Corp &lt;TGT.N&gt; in 2017, over a breach in which 41 million people had their data stolen, was $18.5 million.

The settlement follows a 10-month investigation into a data breach that exposed personal data from 57 million Uber accounts, including 600,000 driver's licence numbers.&nbsp;

Uber's new Chief Executive Dara Khosrowshahi disclosed the breach in November, more than a year after the company was hacked under the previous CEO. Khosrowshahi has said the incident should have been disclosed to regulators at the time it was discovered in 2016.

The cover-up, widely seen by states as violating data breach reporting and data security laws, drew the ire of authorities across the United States and also in the United Kingdom, Australia and the Philippines. About half of the data breach victims lived in the United States.

The settlement terms include changes to Uber's business practices aimed at preventing future breaches and reforming its corporate culture.&nbsp;

Uber will be required to report any data security incidents to states on a quarterly basis for the next two years, and implement a comprehensive information security programme overseen by an executive officer who advises executive staff and Uber's board of directors.

"We know that earning the trust of our customers and the regulators we work with globally is no easy feat," said Uber Chief Legal Officer Tony West. "We'll continue to invest in protections to keep our customers and their data safe and secure, and we're committed to maintaining a constructive and collaborative relationship with governments around the world."

In November 2016, Uber paid the hackers - who included a 20-year-old Florida man and a hacker in Canada - $100,000 to destroy the stolen data, using its "bug bounty" programme, which is designed to reward security researchers who report flaws in a company's software. Uber then chose not to report the matter to victims or authorities.

"Uber's decision to cover up this breach was a blatant violation of the public's trust," said California Attorney General Xavier Becerra. "Consistent with its corporate culture at the time, Uber swept the breach under the rug in deliberate disregard of the law."

California, one of lead states in the settlement effort, will keep $26 million, to be split between the state Attorney General's Office and the San Francisco District Attorney’s Office, a spokeswoman for Becerra's office said.

Khosrowshahi fired two of Uber's top security officials when he announced the breach, and other members of that team have since departed. The company recently hired a chief privacy officer and chief security officer.

It still faces lawsuits from riders, drivers and the cities of Chicago and Los Angeles over the data breach.

Uber Technologies Inc will pay $148 million for failing to disclose a massive data breach in 2016, marking a costly resolution to one of the biggest embarrassments and legal tangles the ride-hailing company has suffered.

Uber Technologies Inc will pay $148 million for failing to disclose a massive data breach in 2016, marking a costly resolution to one of the biggest embarrassments and legal tangles the ride-hailing company has suffered. The settlement with 50 US states and Washington, DC brings closure to one of several high-stakes legal battles Uber is seeking to resolve before an initial public offering next year, while also delivering a national rebuke against Uber's history of flouting laws and basic business ethics. The amount is the largest among attorneys general settlements in privacy cases. By comparison, the multi-state settlement with Target Corp <TGT.N> in 2017, over a breach in which 41 million people had their data stolen, was $18.5 million. The settlement follows a 10-month investigation into a data breach that exposed personal data from 57 million Uber accounts, including 600,000 driver's licence numbers. Uber's new Chief Executive Dara Khosrowshahi disclosed the breach in November, more than a year after the company was hacked under the previous CEO. Khosrowshahi has said the incident should have been disclosed to regulators at the time it was discovered in 2016. The cover-up, widely seen by states as violating data breach reporting and data security laws, drew the ire of authorities across the United States and also in the United Kingdom, Australia and the Philippines. About half of the data breach victims lived in the United States. The settlement terms include changes to Uber's business practices aimed at preventing future breaches and reforming its corporate culture. Uber will be required to report any data security incidents to states on a quarterly basis for the next two years, and implement a comprehensive information security programme overseen by an executive officer who advises executive staff and Uber's board of directors. "We know that earning the trust of our customers and the regulators we work with globally is no easy feat," said Uber Chief Legal Officer Tony West. "We'll continue to invest in protections to keep our customers and their data safe and secure, and we're committed to maintaining a constructive and collaborative relationship with governments around the world." In November 2016, Uber paid the hackers - who included a 20-year-old Florida man and a hacker in Canada - $100,000 to destroy the stolen data, using its "bug bounty" programme, which is designed to reward security researchers who report flaws in a company's software. Uber then chose not to report the matter to victims or authorities. "Uber's decision to cover up this breach was a blatant violation of the public's trust," said California Attorney General Xavier Becerra. "Consistent with its corporate culture at the time, Uber swept the breach under the rug in deliberate disregard of the law." California, one of lead states in the settlement effort, will keep $26 million, to be split between the state Attorney General's Office and the San Francisco District Attorney’s Office, a spokeswoman for Becerra's office said. Khosrowshahi fired two of Uber's top security officials when he announced the breach, and other members of that team have since departed. The company recently hired a chief privacy officer and chief security officer. It still faces lawsuits from riders, drivers and the cities of Chicago and Los Angeles over the data breach.

Uber to pay $148 million to settle data breach cover-up with US states

Ride-hailing giant Uber Technologies Inc is "doubling down" on its investments in India, one of its biggest markets, after its recent exit from Southeast Asia, its chief operating officer said on Wednesday.

India accounts for more than 10 percent of Uber rides globally and the U.S. company has a more than 35 percent share of the taxi market there, according to Counterpoint Research, but it is yet to make money in the country.

COO Barney Harford said investments in India are made using funds from profitable markets. However, the sale in March of Uber's business in Southeast Asia to Singapore's Grab Holdings, in exchange for a 27.5 percent stake, has given Uber more firepower to compete with its Indian rival Ola.

"The recent merger ... has freed up resources which we are going to invest across people, products and partnerships to better serve this country," Harford told reporters in New Delhi.

"We are doubling down on our investments in this country like never before," he said, adding that India was a core market for the San Francisco-based company.

Harford did not say how much Uber is likely to invest in India but said it would "considerably expand" its technology resources to develop products for India and the world.

Uber's India head Amit Jain said the company has no major plans to expand to more cities in India.

Uber operates in about 30 Indian cities while Ola is in 110 cities and has more than a 45 percent total market share, according to Counterpoint Research.

Uber and Ola are backed by a common investor, SoftBank Group, which pushed behind the scenes for the merger between Uber and Grab. It is not clear whether the Japanese investor plans to spur consolidation in India as well.

Executives from Uber and Ola met at least twice over the past 12 months and, among other things, Uber brought up a potential merger between the two companies with Uber in the driver's seat, sources have told Reuters.

Harford said that while Uber was always open to having conversations with potential partners, it had no interest in entering into minority deals in India or other countries in which it operates.

India accounts for more than 10 percent of Uber rides globally and the U.S. company has a more than 35 percent share of the taxi market there, according to Counterpoint Research, but it is yet to make money in the country.

Ride-hailing giant Uber Technologies Inc is "doubling down" on its investments in India, one of its biggest markets, after its recent exit from Southeast Asia, its chief operating officer said on Wednesday. India accounts for more than 10 percent of Uber rides globally and the U.S. company has a more than 35 percent share of the taxi market there, according to Counterpoint Research, but it is yet to make money in the country. COO Barney Harford said investments in India are made using funds from profitable markets. However, the sale in March of Uber's business in Southeast Asia to Singapore's Grab Holdings, in exchange for a 27.5 percent stake, has given Uber more firepower to compete with its Indian rival Ola. "The recent merger ... has freed up resources which we are going to invest across people, products and partnerships to better serve this country," Harford told reporters in New Delhi. "We are doubling down on our investments in this country like never before," he said, adding that India was a core market for the San Francisco-based company. Harford did not say how much Uber is likely to invest in India but said it would "considerably expand" its technology resources to develop products for India and the world. Uber's India head Amit Jain said the company has no major plans to expand to more cities in India. Uber operates in about 30 Indian cities while Ola is in 110 cities and has more than a 45 percent total market share, according to Counterpoint Research. Uber and Ola are backed by a common investor, SoftBank Group, which pushed behind the scenes for the merger between Uber and Grab. It is not clear whether the Japanese investor plans to spur consolidation in India as well. Executives from Uber and Ola met at least twice over the past 12 months and, among other things, Uber brought up a potential merger between the two companies with Uber in the driver's seat, sources have told Reuters. Harford said that while Uber was always open to having conversations with potential partners, it had no interest in entering into minority deals in India or other countries in which it operates.

Uber doubling down on India investments after exiting Southeast Asia

Ride-hailing firm Uber Technologies Inc has agreed to sell its Southeast Asian business to bigger regional rival Grab, the firms said in a statement on Monday, marking the US company’s second retreat from an Asian market.&nbsp;

The deal is the industry’s first big consolidation in Southeast Asia, home to about 640 million people, and puts pressure on Indonesia’s Go-Jek, which is backed by Alphabet Inc’s Google and China’s Tencent Holdings Ltd.

A shake-up in Asia’s fiercely competitive ride-hailing industry became likely earlier this year when Japan-based SoftBank Group Corp’s Vision Fund made a multi-billion dollar investment in Uber. SoftBank also invested in Grab.

As part of the transaction, Uber will take a 27.5 percent stake in Singapore-based Grab and Uber CEO Dara Khosrowshahi will join Grab’s board.

“It will help us double down on our plans for growth as we invest heavily in our products and technology,” Khosrowshahi said in a statement.&nbsp;

For Grab, the deal is a boon for its meal-delivery service, which will now merge with Uber Eats. A more robust food service will give Grab an advantage over Go-Jek, according to a person close to Grab.&nbsp;

“It was really a very independent decision by both companies,” Grab President Ming Maa told Reuters, adding that SoftBank CEO Masayoshi Son was “highly supportive”.

In addition to its stakes in Uber and Grab, SoftBank is also one of the main investors in several other big ride-hailing firms including China’s Didi Chuxing and India’s Ola.

Ride-hailing companies throughout Asia have relied heavily on discounts and promotions, driving down profit margins and increasing pressure for consolidation.

Uber, which is preparing for a potential initial public offering in 2019, lost $4.5 billion last year and is facing fierce competition at home and in Asia, as well as a regulatory crackdown in Europe.&nbsp;

Uber invested $700 million in its Southeast Asia business, less than the $2 billion it burned through in China before ceding its operations there to Didi.

MORE CONSOLIDATION

Uber anticipated making more deals with rivals but said it had no plans to do another sale in which it consolidates its operations in exchange for a minority stake in a rival.&nbsp;

“It is fair to ask whether consolidation is now the strategy of the day, given this is the third deal of its kind ... The answer is no,” Khosrowshahi said in a note to employees that were shared with Reuters.

“One of the potential dangers of our global strategy is that we take on too many battles across too many fronts and with too many competitors.”

A source familiar with Uber’s strategy said the company was going to step up its battle with Ola in India, another competitive and costly market where rivals have heavily subsidized rides in an effort to gain market share. Uber has close to 60 percent of the market there, by some estimates.

Uber’s two previous retreats, from China and Russia, happened under former CEO Travis Kalanick. The deal with Grab is the first operations sale by Khosrowshahi, who started in September.

Rajeev Misra, chief executive of SoftBank’s Vision Fund, had urged the company to focus less on Asia and redirect more resources to profitable markets such as Latin America, according to a person familiar with the matter.&nbsp;

He saw opportunities for mergers and joint ventures between SoftBank-backed ride-hailing companies, particularly for collaborating on R&D, but the investor would never get actively involved with management decisions, the person said.

Uber includes the United States, Australia, New Zealand and Latin America among its core markets – regions where it has more than 50 percent market share and is profitable or sees a path to profitability.&nbsp; 
&nbsp;

Uber will take a 27.5 per cent stake in Singapore-based Grab and Uber CEO Dara Khosrowshahi will join Grab’s board.

Ride-hailing firm Uber Technologies Inc has agreed to sell its Southeast Asian business to bigger regional rival Grab, the firms said in a statement on Monday, marking the US company’s second retreat from an Asian market. The deal is the industry’s first big consolidation in Southeast Asia, home to about 640 million people, and puts pressure on Indonesia’s Go-Jek, which is backed by Alphabet Inc’s Google and China’s Tencent Holdings Ltd. A shake-up in Asia’s fiercely competitive ride-hailing industry became likely earlier this year when Japan-based SoftBank Group Corp’s Vision Fund made a multi-billion dollar investment in Uber. SoftBank also invested in Grab. As part of the transaction, Uber will take a 27.5 percent stake in Singapore-based Grab and Uber CEO Dara Khosrowshahi will join Grab’s board. “It will help us double down on our plans for growth as we invest heavily in our products and technology,” Khosrowshahi said in a statement. For Grab, the deal is a boon for its meal-delivery service, which will now merge with Uber Eats. A more robust food service will give Grab an advantage over Go-Jek, according to a person close to Grab. “It was really a very independent decision by both companies,” Grab President Ming Maa told Reuters, adding that SoftBank CEO Masayoshi Son was “highly supportive”. In addition to its stakes in Uber and Grab, SoftBank is also one of the main investors in several other big ride-hailing firms including China’s Didi Chuxing and India’s Ola. Ride-hailing companies throughout Asia have relied heavily on discounts and promotions, driving down profit margins and increasing pressure for consolidation. Uber, which is preparing for a potential initial public offering in 2019, lost $4.5 billion last year and is facing fierce competition at home and in Asia, as well as a regulatory crackdown in Europe. Uber invested $700 million in its Southeast Asia business, less than the $2 billion it burned through in China before ceding its operations there to Didi. MORE CONSOLIDATION Uber anticipated making more deals with rivals but said it had no plans to do another sale in which it consolidates its operations in exchange for a minority stake in a rival. “It is fair to ask whether consolidation is now the strategy of the day, given this is the third deal of its kind ... The answer is no,” Khosrowshahi said in a note to employees that were shared with Reuters. “One of the potential dangers of our global strategy is that we take on too many battles across too many fronts and with too many competitors.” A source familiar with Uber’s strategy said the company was going to step up its battle with Ola in India, another competitive and costly market where rivals have heavily subsidized rides in an effort to gain market share. Uber has close to 60 percent of the market there, by some estimates. Uber’s two previous retreats, from China and Russia, happened under former CEO Travis Kalanick. The deal with Grab is the first operations sale by Khosrowshahi, who started in September. Rajeev Misra, chief executive of SoftBank’s Vision Fund, had urged the company to focus less on Asia and redirect more resources to profitable markets such as Latin America, according to a person familiar with the matter. He saw opportunities for mergers and joint ventures between SoftBank-backed ride-hailing companies, particularly for collaborating on R&D, but the investor would never get actively involved with management decisions, the person said. Uber includes the United States, Australia, New Zealand and Latin America among its core markets – regions where it has more than 50 percent market share and is profitable or sees a path to profitability.

After costly battle, Uber to sell Southeast Asia business to Grab

Uber Technologies Inc&nbsp;has agreed to settle a US&nbsp;civil lawsuit filed by a woman who accused top executives of improperly obtaining her medical records after a company driver raped her in India, according to a court filing on Friday.

In a criminal case in India, the Uber driver was convicted of the rape, which occurred in Delhi in 2014, and sentenced in 2015 to life in prison.

The Indian woman also settled a civil US&nbsp;lawsuit against Uber in 2015, but sued the company again in June in San Francisco federal court saying that shortly after the incident, a US&nbsp;Uber executive &quot;met with Delhi police and intentionally obtained plaintiff&#39;s confidential medical records.&quot; Uber retained a copy of those records, the lawsuit said.

The woman was living in the United States when she filed the lawsuit.

Terms of the settlement were not disclosed in the court document on Friday. Representatives for Uber and an attorney for the woman could not immediately be reached for comment.

The lawsuit cited several media reports which said former Uber Chief Executive Travis Kalanick and others doubted the victim&#39;s account of her ordeal.

&quot;Uber executives duplicitously and publicly decried the rape, expressing sympathy for the plaintiff, and shock and regret at the violent attack, while privately speculating, as outlandish as it is, that she had colluded with a rival company to harm Uber&rsquo;s business,&quot; the lawsuit said.

In a prior statement, Uber said: &quot;No one should have to go through a horrific experience like this, and we&#39;re truly sorry that she&#39;s had to relive it.&quot;

In a criminal case in India, the Uber driver was convicted of the rape, which occurred in Delhi in 2014, and sentenced in 2015 to life in prison.

Uber Technologies Inc has agreed to settle a US civil lawsuit filed by a woman who accused top executives of improperly obtaining her medical records after a company driver raped her in India, according to a court filing on Friday. In a criminal case in India, the Uber driver was convicted of the rape, which occurred in Delhi in 2014, and sentenced in 2015 to life in prison. The Indian woman also settled a civil US lawsuit against Uber in 2015, but sued the company again in June in San Francisco federal court saying that shortly after the incident, a US Uber executive "met with Delhi police and intentionally obtained plaintiff's confidential medical records." Uber retained a copy of those records, the lawsuit said. The woman was living in the United States when she filed the lawsuit. Terms of the settlement were not disclosed in the court document on Friday. Representatives for Uber and an attorney for the woman could not immediately be reached for comment. The lawsuit cited several media reports which said former Uber Chief Executive Travis Kalanick and others doubted the victim's account of her ordeal. "Uber executives duplicitously and publicly decried the rape, expressing sympathy for the plaintiff, and shock and regret at the violent attack, while privately speculating, as outlandish as it is, that she had colluded with a rival company to harm Uber’s business," the lawsuit said. In a prior statement, Uber said: "No one should have to go through a horrific experience like this, and we're truly sorry that she's had to relive it."

Uber agrees to settle US lawsuit filed by India rape victim

Indonesia set minimum and maximum tariffs for online car-hailing services in a bid to ensure comparable pricing with conventional transport providers and address complaints of undercutting, sending shares of the nation&#39;s top two taxi firms soaring.

Ride-hailing services such as US group Uber Technologies, Southeast Asia&#39;s Grab and Indonesia&#39;s GO-JEK have heavily subsidised their drivers in Indonesia in order to gain market share in the country of 250 million people.

The transport ministry said that it had set a tariff range for online car-hailing services of 3,500-6,000 rupiah ($0.26-$0.45) per kilometre for the islands of Java, Bali and Sumatra.

For Kalimantan, Sulawesi, Nusa Tenggara, Maluku and Papua, the range is 3,700-6,500 rupiah per kilometre.

The regulation kicked in on July 1 and will be evaluated in the next six months, the ministry said.

&quot;There has to be a balance between conventional and online transport, so that has to be regulated,&quot; Pudji Hartanto Iskandar, director-general of land transport at the ministry said. 
The news sent shares of Indonesia&#39;s two biggest taxi operators, PT Blue Bird Tbk and PT Express Transindo Utama Tbk, surging.

By 0340 GMT, Blue Bird shares jumped as much as 10.7 per cent, while Express gained as much as 4.3 per cent. The broader Jakarta stock exchange was 0.7 percent higher.

Drivers of Blue Bird and Express have called for a ban on ride-hailing services, claiming they were subject to less stringent requirements than conventional taxis.&nbsp;

Uber said in an emailed statement it had yet to receive a copy of Indonesia&#39;s regulations.

&quot;However, we remain committed to working with the government to find a path forward that accommodates the interests of riders and driver partners and supports innovation, competition and customer choice,&quot; Uber said.

Grab said it is ready to cooperate with the transport ministry and to comply with regulations.

&quot;After receiving direction from the government, we will review the policy and make the necessary adjustments to ensure that our driver-partners will still earn the best incomes when using the Grab platform,&quot; it said in an email.

GO-JEK did not provide an immediate comment. Blue Bird and Express did not immediately respond to requests for comment.

($1 = 13,325.00 rupiah)

Indonesia wants to ensure comparable pricing with conventional transport providers

Indonesia set minimum and maximum tariffs for online car-hailing services in a bid to ensure comparable pricing with conventional transport providers and address complaints of undercutting, sending shares of the nation's top two taxi firms soaring. Ride-hailing services such as US group Uber Technologies, Southeast Asia's Grab and Indonesia's GO-JEK have heavily subsidised their drivers in Indonesia in order to gain market share in the country of 250 million people. The transport ministry said that it had set a tariff range for online car-hailing services of 3,500-6,000 rupiah ($0.26-$0.45) per kilometre for the islands of Java, Bali and Sumatra. For Kalimantan, Sulawesi, Nusa Tenggara, Maluku and Papua, the range is 3,700-6,500 rupiah per kilometre. The regulation kicked in on July 1 and will be evaluated in the next six months, the ministry said. "There has to be a balance between conventional and online transport, so that has to be regulated," Pudji Hartanto Iskandar, director-general of land transport at the ministry said. The news sent shares of Indonesia's two biggest taxi operators, PT Blue Bird Tbk and PT Express Transindo Utama Tbk, surging. By 0340 GMT, Blue Bird shares jumped as much as 10.7 per cent, while Express gained as much as 4.3 per cent. The broader Jakarta stock exchange was 0.7 percent higher. Drivers of Blue Bird and Express have called for a ban on ride-hailing services, claiming they were subject to less stringent requirements than conventional taxis. Uber said in an emailed statement it had yet to receive a copy of Indonesia's regulations. "However, we remain committed to working with the government to find a path forward that accommodates the interests of riders and driver partners and supports innovation, competition and customer choice," Uber said. Grab said it is ready to cooperate with the transport ministry and to comply with regulations. "After receiving direction from the government, we will review the policy and make the necessary adjustments to ensure that our driver-partners will still earn the best incomes when using the Grab platform," it said in an email. GO-JEK did not provide an immediate comment. Blue Bird and Express did not immediately respond to requests for comment. ($1 = 13,325.00 rupiah)

Indonesia sets tariff ranges for online car-hailing services

Uber Technologies Inc on Thursday removed its self-driving test cars from California and put them on trucks bound for Arizona, shuttering the autonomous vehicle project in its home state after a week-long battle with regulators.

The California Department of Motor Vehicles on Wednesday revoked the registration of 16 cars in Uber&#39;s self-driving fleet, which the regulator said lacked the proper permits.

Arizona, however, does not require any special permits for self-driving cars, according to the state Department of Transportation. Autonomous vehicles have the same registration requirements as any other car.

Uber&#39;s self-driving program had been running in San Francisco for just a week, and all the while the company was embroiled in a dispute with the state DMV and attorney general. Both threatened legal action if Uber did not remove its self-driving cars from the road, which the company ultimately did on Wednesday.

On Thursday morning, Uber loaded its cars onto long-haul trucks belonging to Otto - a self-driving truck company Uber acquired in August.

&quot;Our cars departed for Arizona this morning by truck,&quot; an Uber spokeswoman said in a written statement. &quot;We&#39;ll be expanding our self-driving pilot there in the next few weeks.&quot;

San Francisco had been selected as Uber&#39;s second testing ground for its self-driving cars after Pittsburgh, but the company immediately faced a backlash from the DMV, which requires that any company testing autonomous vehicles on public roads receive a permit.

But Uber refused to apply for the permit, arguing that state regulations do not apply to its cars, which require constant monitoring and interference by a person in the vehicle.

California defines autonomous vehicles as having the capability to drive &quot;without the active physical control or monitoring of a natural person.&quot;

Amid the fray, Arizona Governor Doug Ducey invited Uber to bring its cars to his state.

&quot;Arizona welcomes Uber self-driving cars with open arms and wide open roads,&quot; Ducey said in a statement released Thursday. &quot;While California puts the brakes on innovation and change with more bureaucracy and more regulation, Arizona is paving the way for new technology and new businesses.&quot;

Alphabet Inc&#39;s autonomous car division Waymo is also testing in Arizona.

(Reuters)

The California Department of Motor Vehicles on Wednesday revoked the registration of 16 cars in Uber's self-driving fleet

Uber Technologies Inc on Thursday removed its self-driving test cars from California and put them on trucks bound for Arizona, shuttering the autonomous vehicle project in its home state after a week-long battle with regulators. The California Department of Motor Vehicles on Wednesday revoked the registration of 16 cars in Uber's self-driving fleet, which the regulator said lacked the proper permits. Arizona, however, does not require any special permits for self-driving cars, according to the state Department of Transportation. Autonomous vehicles have the same registration requirements as any other car. Uber's self-driving program had been running in San Francisco for just a week, and all the while the company was embroiled in a dispute with the state DMV and attorney general. Both threatened legal action if Uber did not remove its self-driving cars from the road, which the company ultimately did on Wednesday. On Thursday morning, Uber loaded its cars onto long-haul trucks belonging to Otto - a self-driving truck company Uber acquired in August. "Our cars departed for Arizona this morning by truck," an Uber spokeswoman said in a written statement. "We'll be expanding our self-driving pilot there in the next few weeks." San Francisco had been selected as Uber's second testing ground for its self-driving cars after Pittsburgh, but the company immediately faced a backlash from the DMV, which requires that any company testing autonomous vehicles on public roads receive a permit. But Uber refused to apply for the permit, arguing that state regulations do not apply to its cars, which require constant monitoring and interference by a person in the vehicle. California defines autonomous vehicles as having the capability to drive "without the active physical control or monitoring of a natural person." Amid the fray, Arizona Governor Doug Ducey invited Uber to bring its cars to his state. "Arizona welcomes Uber self-driving cars with open arms and wide open roads," Ducey said in a statement released Thursday. "While California puts the brakes on innovation and change with more bureaucracy and more regulation, Arizona is paving the way for new technology and new businesses." Alphabet Inc's autonomous car division Waymo is also testing in Arizona. (Reuters)

Uber takes self-driving cars to Arizona after California demands permit

Uber Technologies announced today that it will launch UberEats, Uber&#39;s food delivery service in Japan. The service will be operational from Thursday, September 29, and initially will deliver in central Tokyo.&nbsp;

The UberEats app can be downloaded on iOS, android or the desktop computer. Dishes from about 150 restaurants will be available to customers, ranging from budget restaurants to fine dining.&nbsp;

The delivery will be free at first but charges are expected to be applied later. UberEats is functional in six countries, and&nbsp;is planning&nbsp;to expand in 22 more.&nbsp;

Daisuke Nomura, owner and chef of Sougo, a Michelin two-star restaurant said, &quot;I have used the car service, and so I trust the brand and the quality of its service,&quot; AFP reported.&nbsp;

 
Uber expanding its service range

Uber has been unsuccessul in the Asian market, with China asking the company to leave&nbsp;just two&nbsp;months after its entry. Uber is facing stiff competition from regional businesses like Singapore-based Grab and Go-jek based in Indonesia, Reuters reported.&nbsp;

Opposition from a powerful taxi lobby and laws barring non-professionals ferrying customers has caused obstacles for Uber in Japan. Currently, the taxi-service connects customers to professional taxi drivers.&nbsp;

Japan recently started two&nbsp;ride-hailing pilot services for the elderly in Japan&#39;s rural areas.&nbsp;

Uber venturing into other services indicates it is being smarter about branching out&nbsp;according to customer demand.&nbsp;

Jan Dawson, chief analyst at Jackdaw Research in Utah, said, &quot;Uber seems to be getting smarter about the mix of services they will offer in various parts of the world, in response to cultural differences, regulation, and competition&quot;.&nbsp;

She added, &quot;It seems to be less willing to simply barge into new markets while ignoring regulations or objections than in the past.&quot;

(WION with inputs from agencies)

The UberEats app can be downloaded on iOS, android or the desktop computer. Dishes from about 150 restaurants will be available to customers

Uber Technologies announced today that it will launch UberEats, Uber's food delivery service in Japan. The service will be operational from Thursday, September 29, and initially will deliver in central Tokyo. The UberEats app can be downloaded on iOS, android or the desktop computer. Dishes from about 150 restaurants will be available to customers, ranging from budget restaurants to fine dining. The delivery will be free at first but charges are expected to be applied later. UberEats is functional in six countries, and is planning to expand in 22 more. Daisuke Nomura, owner and chef of Sougo, a Michelin two-star restaurant said, "I have used the car service, and so I trust the brand and the quality of its service," AFP reported. Uber expanding its service range Uber has been unsuccessul in the Asian market, with China asking the company to leave just two months after its entry. Uber is facing stiff competition from regional businesses like Singapore-based Grab and Go-jek based in Indonesia, Reuters reported. Opposition from a powerful taxi lobby and laws barring non-professionals ferrying customers has caused obstacles for Uber in Japan. Currently, the taxi-service connects customers to professional taxi drivers. Japan recently started two ride-hailing pilot services for the elderly in Japan's rural areas. Uber venturing into other services indicates it is being smarter about branching out according to customer demand. Jan Dawson, chief analyst at Jackdaw Research in Utah, said, "Uber seems to be getting smarter about the mix of services they will offer in various parts of the world, in response to cultural differences, regulation, and competition". She added, "It seems to be less willing to simply barge into new markets while ignoring regulations or objections than in the past." (WION with inputs from agencies)

It fails to click in Japan, so Uber to start food delivery service