New York moves to cap Uber, app-ride

New York moves to cap Uber, app-ride

New York : New York’s city council on Wednesday dealt a blow to Uber and other car-for-hire companies, passing a bill to cap the number of vehicles they operate and impose minimum pay standards on drivers. It makes New York the first major US city to limit the number of app-based rides and to impose pay rules, with authorities under pressure to act over pollution and worsening congestion.

The financial capital of 8.5 million is the biggest app-ride market in the United States, where public transport woes and astronomical parking costs have helped fuel years of untamed growth by the likes of Lyft and Uber. But that growth has brought New York’s iconic yellow cabs to their knees and since December, six yellow-cab drivers have committed suicide. Those deaths have been linked to desperation over plummeting income. The increased competition has slashed the value of yellow cab taxi licenses from more than $1 million in 2014 to less than $200,000 today. The bill stipulates a 12-month cap on all new for-hire-vehicle licenses, unless they are wheelchair accessible, as well as minimum pay requirements for app drivers -- regulated by the Taxi and Limousine Commission.

The TLC, which regulates taxis and is a powerful force in New York politics, commissioned a study recently in a bid to underscore the chaos and push city authorities into taking action. That report recommended a guaranteed income of $17.22 an hour for drivers -- the city’s $15 minimum wage is due to come into effect at the end of 2018 -- plus a supplement to mitigate against rest time. Uber hit back Wednesday, saying the 12-month pause would threaten one of the city’s “few reliable transportation options” -- a swipe at a burgeoning subway crisis -- “while doing nothing to fix the subways or ease congestion.” “Uber will do whatever it takes to keep up with growing demand and we will not stop working with city and state leaders... to pass real solutions like comprehensive congestion pricing,” a spokesperson said.




BMW, MercedesBenz lower prices in China

BMW, MercedesBenz lower prices in China

BMW AG and MercedesBenz said on Saturday they will lower their prices in China, after the government announced it will reduce the country’s value-added tax (VAT) starting on April 1. The German automobile companies each published posts on Chinese social media announcing immediate price cuts

Al Hilal, NHRA conduct special medical education programme

Al Hilal, NHRA conduct special medical education programme

Al Hilal Healthcare Group held a special Continues Medical Education Programme in association with the NHRA on Thursday at Elite Hotel, Seef, Bahrain. The programme was inaugurated by Dr Sharath Chandran, CEO of Al-Hilal Group, Bahrain along with other dignitaries. More than 100 doctors from Gyne

BisB celebrates 40th anniv. with #BisB event

BisB celebrates 40th anniv. with #BisB event

Bahrain Islamic Bank (BisB) held an exclusive tech-driven event entitled #BisB at the Isa Cultural Centre, Manama, in celebration of the Bank’s 40th year anniversary. The event held in the presence of the Bank’s top officials, as well as several pioneers in the banking sector, highlig

Managing the ‘Space-InBetween’ Individuals

Managing the ‘Space-InBetween’ Individuals

Enterprises have been historically dedicating much of their efforts to optimising human-capital strategies in an effort to win the war on talent; building-out comprehensive talent management systems, validating leadership competency models and designing the best possible leadership development pr

UAE port operator’s profit rise

UAE port operator’s profit rise

Dubai port and logistics giant DP World said yesterday its net profit for 2018 rose over five percent on increased trade and higher returns from new acquisitions. The global provider, which runs port operations in over 40 countries, sa

US ups pressure on Europe over 5G

US ups pressure on Europe over 5G

The US upped pressure on Europe Wednesday to avoid turning to Huawei for 5G telecom infrastructure, with a top commander saying NATO forces would cease communicating with their German colleagues if Berlin teams up with the Chinese firm

Motorcity Wins Volvo Excellence Award

Motorcity Wins Volvo Excellence Award

Motorcity, the exclusive distributor of Volvo Cars in Bahrain, said it has won the Volvo Excellence Award in Sales and Customer Service for 2018 in recognition of the outstanding accomplishments of the company. With this achievement, V


The winning formula

The winning formula

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Lawyer ordered to pay BD1,300 fine

Lawyer ordered to pay BD1,300 fine

A Bahraini lawyer was ordered by the Labour Court to pay over BD1,300 to a female Bahraini lawyer for arbitrarily sacking her from work. The incident occurred when the female Bahraini lawyer was working at his office as a trainee for a

Bahrain, Kuwait conclude Taawun4 drill

Bahrain, Kuwait conclude Taawun4 drill

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Boosting energy ties

Boosting energy ties

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Camping popularity on the rise

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Gulf Air fastest growing in ME

Gulf Air fastest growing in ME

Gulf Air, Bahrain’s national carrier, has been awarded as the Fastest Growing Airline in the Middle East at the 19th Airline Marketing Workshop organised by Athens International Airport. The event takes place annually in Athens a