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Technology

AFP
Jul 17, 2025

Uber invests $300mn in Lucid Motors in robotaxi push

At current market prices, Uber’s $300 million investment would represent approximately 3 percent of Lucid’s total capitalization

Technology

AFP
Jun 10, 2025

Uber to launch driverless taxis in London next year

Under the Uber pilot scheme, services will initially have a human in the driver’s seat to take vehicle in control, but the trials will eventually transition to being fully driverless

Business

Web Desk Karachi
Apr 17, 2025

Europe aims to bolster homegrown tech solutions as transatlantic relations strain

The continent’s daily technology usage is largely dominated by American firms, including Microsoft, Meta, Apple, and Uber. The risks associated with this reliance were already under scrutiny prior to Trump’s return to office, but now Europe is intensifying its efforts.

Latest

Reuters
Feb 05, 2025

Uber projects quarterly bookings below estimates hurt by strong dollar

CEO Dara Khosrowshahi says, Uber planned to drive growth in 2025 by offering customers better rates, in part by slowing hikes in insurance charges.

Business

Reuters
Dec 25, 2024

Taiwan blocks Uber’s $950 million Foodpanda deal, CNA reports

Uber and Delivery Hero announced the Taiwan deal in May, which included Uber purchasing shares worth $300m.

World

Web Desk
Dec 13, 2024

PIF buys 15pc stake in Heathrow, may acquire stake in PGA Tour

Saudi Arabia’s Public Investment Fund announced on Thursday that it has bought a 15 per cent stake in London’s Heathrow airport. Earlier media reports also revealed that the fund is closing in on an acquisition of a share of PGA Tour Enterprises.

Latest

Hum News
Aug 26, 2024

Dutch watchdog fines Uber over driver data protection

A regulator in the Netherlands has slapped ride-hailing app Uber with a €290 million fine for transferring European drivers’ data to the US. The firm described the decision as “extraordinary.”

Pakistan

Web Desk
Apr 30, 2024

Uber app closes Pakistan chapter

Back in October 2022, Uber had announced ceasing its app operations in Karachi, Multan, Faisalabad, Peshawar and Islamabad. Till today, the Uber app was only available in Lahore.

Business

Web Desk
Jan 17, 2024

Uber ends alcohol delivery app to focus on another service

Uber has announced the closure of Drizly, the US-based alcohol delivery service it acquired for $1.1 billion in 2021.

World

Hum News
Aug 31, 2023

Uber rolls out electric bike fleet in Kenya, its first in Africa

Drivers will see a 30-35% drop in their operating costs, and users of the platform will pay 15-20% less than they do for a regular Uber motorbike trip, the company said.