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Demand for Uber sees 20,000 new drivers sign up in the UK

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One of the world’s biggest ride-sharing apps has seen an increase in demand for new drivers.

Its UK driver network has now increased to 90,000 as cities open up and people start moving again.

The ride-hailing app has seen a 50% increase in trips since lockdown rules changed on April 12.

Demand is expected to rise more over the summer as restrictions are eased further.

Uber drivers within Britain recently were made employees of the ride-share company, following the rideshare company losing a five-year legal battle to avoid doing just that.

In 2016 two British Uber drivers successfully argued before an employment tribunal that Uber was wrong to treat them as independent contractors.

The tribunal ruled they were “workers” under British employment law, with rights to entitlements including a minimum wage and holiday pay.

Then rideshare company now pays employees within the UK a wage of £8.72 an hour instead of a fee per ride, though only for the times’ drivers are transporting customers.

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Warner Brothers & Discovery considers splitting up to boost stock value

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Warner Bros Discovery is considering a strategic breakup to enhance its stock performance, according to a Financial Times report.

The potential move aims to unlock value by separating its media assets from its reality TV and lifestyle businesses.

This decision follows pressure from investors to improve stock performance, amidst challenges in the media industry #featured #trending

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Investors worldwide grow increasingly optimistic about Trump winning the election

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Investors are increasingly optimistic about Donald Trump’s potential re-election, prompting a resurgence in the so-called ‘Trump trade’.

Market participants are closely monitoring Trump’s political strategies and public sentiment, influencing their investment decisions.

Kyle Rodda from Captial.com joins to discuss all the latest.

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Netflix expands use of ads despite slow subscriber growth

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Netflix is intensifying its efforts to introduce an ad-supported tier amidst a plateau in subscriber growth.

The streaming giant hopes to attract new users and boost revenue by offering a cheaper alternative that includes advertisements.

This move marks a significant shift from its traditional ad-free model, reflecting Netflix’s response to competitive pressures and evolving consumer preferences.

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