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Apologizing to London, Uber CEO offers change to keep license

LONDON Uber's [UBER.UL] new boss Dara Khosrowshahi apologized to Londoners for the taxi app's mistakes and pledged to make changes as the Silicon Valley firm tries to overturn a decision to strip it of its license in one of its major markets.

Recent Technology News

Daimler Trucks to test truck 'platooning' technology on U.S. roads

German automaker Daimler AG's trucks division said it would test on U.S. roads a new technology called "platooning", which allows large digitally-connected trucks to save fuel by driving close to each other in a row.

11:19am EDT

Internet giants, once above the fray, on the defensive in Washington

WASHINGTON Internet giants, including Alphabet's Google and Facebook , are moving to compromise on several major policy issues as they adjust to an abrupt shift in the political winds in Washington.

Lazada expands Alibaba's Taobao marketplace in Southeast Asia

SINGAPORE Online retailer Lazada Group said it will sell select items from Alibaba Group Holding Ltd's Taobao marketplace in three more countries in Southeast Asia, expanding the partnership between the two e-commerce firms.

12:20am EDT

China's Leshi Internet plans to buy finance business from affiliate for 3 billion yuan

The main listed unit of Chinese technology conglomerate LeEco said on Sunday that it plans to buy investment and financial service assets from an affiliate for up to 3 billion yuan ($455.24 million) as part of a restructuring exercise.

Deals Sep 24 2017

Britain's Deliveroo raises $385 million for food fight

LONDON British food delivery company Deliveroo has raised $385 million in private funding, it said on Sunday, as it prepares for expansion to help it compete with publicly traded rivals such as Delivery Hero and Just Eat.

Sep 24 2017