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Uber will lose its license to operate in London at the end of the month

Joon Ian Wong
Uber will lose its license to operate in London at the end of the month

London’s transport authority has rejected Uber’s application to renew its license to operate private-hire vehicles in the British capital, it announced today. The ride-sharing firm has 40,000 drivers in the city, whose licenses will expire on Sept. 30. They will, however, be allowed to operate until all appeal processes have been exhausted. Uber has until…