The UberPop transport service is to be forbidden in France beginning on Jan. 1, the French Interior Ministry said yesterday, the latest regulatory hurdle for the controversial car service company.
The announcement came as taxi unions called a one-day action to protest against San Francisco-based Uber Inc, vowing to block 260km of roads around Paris with slowly-moving taxi motorcades during the morning rush hour.
French Interior Ministry spokesman Pierre-Henry Brandet said a law passed this year, that is to come into effect next year, aimed at regulating the taxi industry and chauffeured cars “is even more constrictive for these types of businesses.”
Photo: Reuters
“Not only is it illegal to offer this service, but additionally for the consumer there is a real danger,” Brandet told reporters, citing the inadequate insurance of drivers.
Uber did not immediately respond to a request for comment.
Highly regulated taxi drivers have protested that Uber, which allows users to summon taxi-like services from their smartphones, has hit their business unfairly as it has expanded rapidly over the four years since its launch.
On Friday last week, a commercial court in Paris refused to hear a lawsuit brought by Uber’s competitors that sought to ban UberPop on the grounds of unfair competition.
The court said the emergency request was unjustified and said any further actions to ban the service should be examined in a criminal court.
Uber’s French subsidiary was fined 100,000 euros (US$124,500) in October for fraudulent business practices, with a court finding that it advertised UberPop as a car pool instead of a paid transportation service.
Uber has continued to operate the service pending appeal.
In a statement, Taxi de France union president Ibrahim Sylla called on taxi drivers to react with “fervor and firmness to this injustice.”
“Come out in mass to defend our work, it’s an important moment,” Sylla wrote.
In related news, Uber yesterday offered free rides from Sydney’s central business district following a public backlash over an initial surge in prices amid a hostage drama in a city cafe.
Fares on the company’s booking app initially rose to a minimum fee of A$100 (US$82) for pickups near the siege, more than four times the fare before the drama unfolded in Australia.
The price hike was a result of the company’s controversial automatic surge pricing.
An armed assailant yesterday was holding an unknown number of hostages inside a central Sydney cafe, police said, with local television showing people being forced to hold up a black flag with white Arabic writing in the window.
Sydney’s public transport system was under pressure because of the siege as several businesses in the city, including major banks, evacuated offices and sent employees home.
The US dollar was trading at NT$29.7 at 10am today on the Taipei Foreign Exchange, as the New Taiwan dollar gained NT$1.364 from the previous close last week. The NT dollar continued to rise today, after surging 3.07 percent on Friday. After opening at NT$30.91, the NT dollar gained more than NT$1 in just 15 minutes, briefly passing the NT$30 mark. Before the US Department of the Treasury's semi-annual currency report came out, expectations that the NT dollar would keep rising were already building. The NT dollar on Friday closed at NT$31.064, up by NT$0.953 — a 3.07 percent single-day gain. Today,
‘SHORT TERM’: The local currency would likely remain strong in the near term, driven by anticipated US trade pressure, capital inflows and expectations of a US Fed rate cut The US dollar is expected to fall below NT$30 in the near term, as traders anticipate increased pressure from Washington for Taiwan to allow the New Taiwan dollar to appreciate, Cathay United Bank (國泰世華銀行) chief economist Lin Chi-chao (林啟超) said. Following a sharp drop in the greenback against the NT dollar on Friday, Lin told the Central News Agency that the local currency is likely to remain strong in the short term, driven in part by market psychology surrounding anticipated US policy pressure. On Friday, the US dollar fell NT$0.953, or 3.07 percent, closing at NT$31.064 — its lowest level since Jan.
The New Taiwan dollar and Taiwanese stocks surged on signs that trade tensions between the world’s top two economies might start easing and as US tech earnings boosted the outlook of the nation’s semiconductor exports. The NT dollar strengthened as much as 3.8 percent versus the US dollar to 30.815, the biggest intraday gain since January 2011, closing at NT$31.064. The benchmark TAIEX jumped 2.73 percent to outperform the region’s equity gauges. Outlook for global trade improved after China said it is assessing possible trade talks with the US, providing a boost for the nation’s currency and shares. As the NT dollar
The Financial Supervisory Commission (FSC) yesterday met with some of the nation’s largest insurance companies as a skyrocketing New Taiwan dollar piles pressure on their hundreds of billions of dollars in US bond investments. The commission has asked some life insurance firms, among the biggest Asian holders of US debt, to discuss how the rapidly strengthening NT dollar has impacted their operations, people familiar with the matter said. The meeting took place as the NT dollar jumped as much as 5 percent yesterday, its biggest intraday gain in more than three decades. The local currency surged as exporters rushed to