EU Countries Reach Agreement to Improve Working Conditions for Platform Workers

EU Countries Reach Agreement to Improve Working Conditions for Platform Workers

ANP NOS News•today, 9:08 PM•Adjusted today, 10:30 PM Food deliverers, Uber drivers and other ‘platform workers’ will have better working conditions in the future. EU countries have reached an agreement on this. The European law that should improve the legal protection of platform workers appeared not to be passed last month due to resistance from … Read more

Lyft CFO’s Admission Triggers Wild Ride for Shares: Up 60% then Down 18%

Lyft CFO’s Admission Triggers Wild Ride for Shares: Up 60% then Down 18%

Lyft shares rose in extended trading Tuesday by about 60% before falling just 18% after the company’s chief financial officer admitted on an earnings call that the earnings press release contained a major error. Here’s how the company compared to analyst estimates: Earnings per share: 18 cents adjusted versus 8 cents estimated by analysts, according … Read more

Neelie Kroes Cleared of Wrongdoing in Uber Lobbying Investigation by European Anti-Fraud Agency OLAF

Neelie Kroes Cleared of Wrongdoing in Uber Lobbying Investigation by European Anti-Fraud Agency OLAF

ANPNeelie Kroes NOS Nieuws•vandaag, 20:10 Former European Commissioner and VVD prominent Neelie Kroes has not broken any European rules with her lobbying work for taxi service Uber. This is what the European anti-fraud agency OLAF says. The agency investigated Kroes last year after publications about her lobbying work in the so-called Uber Files. According to … Read more

Free Uber service announced for Miami-Dade County

Free Uber service announced for Miami-Dade County

Through an official statement, the Miami-Dade Department of Transportation and Public Works (DTPW) reported on a temporary alliance with the company Uber, which will provide free service in the county in order to support to users who have been affected by the recent changes made to the public transportation service. The changes are part of … Read more

Historic $328 Million Settlement Reached with Uber and Lyft for Driver Wage Fraud

Historic 8 Million Settlement Reached with Uber and Lyft for Driver Wage Fraud

New York Attorney General Letitia James announced this Thursday a historic settlement totaling $328 million with ride-sharing companies Uber and Lyft for “defrauding” drivers out of hundreds of millions of dollars. The settlement resolves years-long investigations into Uber and Lyft, which found that the companies’ policies withheld drivers’ hard-earned wages and prevented them from receiving … Read more

Uber and Lyft Ordered to Pay $328 Million to Injured Drivers in Historic Settlement Agreement

Uber and Lyft Ordered to Pay 8 Million to Injured Drivers in Historic Settlement Agreement

“Historic” agreements. In the United States, the vehicle reservation platforms Uber and Lyft have reached agreements with the courts of New York State: they will have to return $328 million to injured drivers ($290 million for Uber and $38 million for Lyft). This is the largest compensation theft settlement ever obtained by the state’s attorney’s … Read more

Uber and Lyft to Pay $328 Million to Settle Wage Theft Lawsuits in New York

Uber and Lyft to Pay 8 Million to Settle Wage Theft Lawsuits in New York

NEW YORK — Ride-hailing companies Uber and Lyft will pay a combined total of $328 million to settle wage theft lawsuits in New York, Attorney General Letitia James announced Thursday. James said the settlements resolve investigations into companies that improperly charged drivers sales taxes and other fees when the costs should have been paid by … Read more

Financial Performance of Saudi Public Investment Fund in 2022: Revenues Increase but Net Loss Incurred

Financial Performance of Saudi Public Investment Fund in 2022: Revenues Increase but Net Loss Incurred

Despite the jump in revenues of the Saudi Public Investment Fund by more than 31% last year, it turned into a loss due to book losses in some of its investment activities of more than 41 billion riyals, under pressure from the decline in global stock prices. By the end of 2022, the revenues of … Read more