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Uber Won the Legal Battle to Restart its Operations in London

Uber Won the Legal Battle to Restart its Operations in London

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Uber has won a legal bid to reestablish its London functioning license that was taken away due to safety concerns. The grant was followed by the judge rule that the enterprise was a fit and appropriate operator in spite of the historical failings. In 2019, Transport for London (TfL) declined to grant the corporation a new license because of a pattern of failures that included thousands of trips led by drivers other than the ones presented to picked up passengers.

Uber reasoned that it has since then addressed the issue by refining insurance document authentication systems and rolling out instantaneous identification.

TfL rejected the li

Mitsubishi Shipbuilding plans to test marine-based CO2 capture system

Mitsubishi Shipbuilding plans to test marine-based CO2 capture system

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Mitsubishi Shipbuilding Co., Ltd., a subsidiary of the Mitsubishi Heavy Industries (MHI) Group, is reportedly in the news for its plans to conduct a testing procedure on an innovative CO2 capture system. The company is working alongside Nippon Kaiji Kyokai (ClassNK) and Kawasaki Kisen Kaisha, Ltd. (‘K’ Line) to undertake test operations and measurements for a ship-based CO2 capture demonstration unit, in a bid to verify the deployment of the equipment as a marine CO2 capture system.

Reliable reports claim that the MLIT (Maritime Bureau of Japan's Ministry of Land, Infrastructure, Transport and Tourism) is supporting this project as a part of its assistance

Indian online sellers file antitrust case against Amazon India

Indian online sellers file antitrust case against Amazon India

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An Indian trade group representing online sellers has reportedly filed an antitrust case in opposition to Amazon India, alleging that e-commerce giant favors few retailers and brands whose online discounts drive independent vendors out of business.

The filing presents a new regulatory challenge for Amazon’s unit in India, the place where it has committed USD 6.5 billion in funding, however is battling a complex regulatory setting.

In early 2020, the Indian competition watchdog (CCI) had ordered an investigation of Flipkart and Amazon over alleged violations of competition regulations and unreasonable discount practices, which Amaz

Dataiku raises $100 million in Stripes-led Series-D funding round

Dataiku raises $100 million in Stripes-led Series-D funding round

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Enterprise AI and machine learning platform provider, Dataiku, has reportedly raised a sum of $100 million in Series-D funding round led by Stripes, with major contribution by Tiger Global Management. The company’s existing investors comprising Dawn Capital, Battery Ventures, ICONIQ, CapitalG, and FirstMark Capital also participated in the investment round, stated sources. The raised capital intends to continue driving AI within the enterprise, aiming to serve more than 300 customers who understand the gravity of an end-to-end and collaborative AI strategy for business enhancement.

For the uninitiated, Dataiku was founded in 2013 with the mission of extending the lab

Epic Cycles launches conversion kits to promote electric bikes

Epic Cycles launches conversion kits to promote electric bikes

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Toronto-based leading developer of electronic bikes and scooters, Epic Cycles, has reportedly introduced a conversion kit for conventional bicycles. Sources close to the matter stated that the new solution would be effective in reducing environmental pollution while making travel convenient and accessible for its consumers.

The conversion kit will allow traditional bikes to be powered using electricity, sources claimed. Moreover, it is important to note that the kit will enable consumers to benefit from using electric bikes in a cost effective way as well as from additional convenience and power that eBikes provide.

In terms of safety, the conversion kit will seemingly help customers to use traditional bikes while they ge

C-Trade offers 150x leverage on its new crypto derivatives platform

C-Trade offers 150x leverage on its new crypto derivatives platform

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C-Trade has reportedly announced the launch of its new crypto derivatives platform, providing around 150x leverage on derivative products in addition to greater speed and efficiency for traders. The company has also reduced the average user withdrawal approvals time to a few minutes, encouraged by the personal management experience provided on other platforms.

C-Trade’s risk management and order matching engine offers an exceptional speed that exceeds the present industry standard by around 20 times, state sources. The platform delivers a tight spread and high liquidity owing to the prior experience of its development team at Societe General and J.P. Morgan. Further, sources state that C-Trade users will be provided with a

Work from home restrictions accelerate Australian retailers’ profit

Work from home restrictions accelerate Australian retailers’ profit

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The ongoing pandemic’s widespread impact on the Australian economy has significantly disrupted the e-commerce and retail sectors in particular. While some retail categories, like electronics, flourished with work from home restrictions, a few traditional retail categories suffered due to pandemic.

 

Following a similar trend, two of the biggest tech retailers in Australia have reportedly posted record profits and raised dividends on Monday. The frenzy of purchases of screens, computers, and other home goods amid pandemic has significantly increased the revenues of Australian retail companies.

 

According to sources familiar with the knowledge of the matter, Australia’s leading electro

ByteDance censors all anti-China content in Indonesian app

ByteDance censors all anti-China content in Indonesian app

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As per the latest news circulating on the internet, Chinese tech company ByteDance Ltd. has censored content criticizing the government of China on news its aggregation app in Indonesia from 2018 to mid-2020.

 

ByteDance purchased Indonesian news aggregator BaBe in 2018 after TikTok was temporarily suspended in the country for broadcasting objectionable videos. Soon after the acquisition of BaBe, the local administrators were advised by a team from ByteDance’s Beijing headquarters to remove posts considered as negative about the Chinese authorities from the app.

 

BaBe moderators were also instructed not to post any posts on the TikTok ban while talks with the Indonesian government were ong

Uber could shut down in California for few months, says Uber CEO

Uber could shut down in California for few months, says Uber CEO

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Two days after California judge granted a preliminary injunction requiring ride-hailing giant Uber and Lyft to classify drivers as employees in California, Uber CEO Dara Khosrowshahi has reportedly announced that Uber could suspend its operations in the Golden State for months.

Sources cite that Lyft and Uber both have about a week left to appeal a preliminary injunction made by an authorized California Judge that will prohibit the ride-hailing companies from classifying their drivers as independent workers. The order requires Uber and Lyft to offer unemployment insurance and other benefits for workers.

If the court does not reconsider the order, the CEO said the plan is to halt Uber operations until November, when voters