Tuesday 16 October 2018
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22 days ago

Singapore watchdog fines Grab, Uber $9.5M over merger

SINGAPORE – Singapore on Monday, September 24, fined ride-hailing firms Grab and Uber $9.5 million for breaking competition rules when they merged, saying the deal had increased fares and thrown up roadblocks for competitors. Singapore-headquartered Grab agreed to buy US firm Uber s ride-hailing and food business in Southeast Asia in March, ending ...

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