British PM May says Uber should not be shut down

British Prime Minister Theresa May said on Thursday that taxi company Uber should not be shut down but instead should comply better with labor and safety standards.

SoftBank succeeds in tender offer for Uber shares

“We need to make sure that our employment law keeps pace with the way that technology is shaping modern working practices,” May told business leaders meeting at the Swiss ski resort of Davos.

“Take the example of Uber … a company that has got things wrong along the way, with safety issues and concerns over protections for its workers,” she added.

Uber is sued over payment for mobile ads it called fraudulent

“The answer isn’t to shut Uber down but rather to address those concerns and to establish and enforce the standards and protections that can make this technology work for customers and employees alike.”

His sale is part of a deal struck by a consortium led by SoftBank which is taking a 17.5 per cent stake in Uber

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