Afternoon Coffee: EU Declares Uber a Transportation Service, Grocery Giant Loblaw Admits to Price-Fixing Scheme

AdobeStock/Nongnuch Leelaphasuk

Uber is facing a major setback Wednesday after the European Union’s highest court declared the company will be classified as a transportation service and must comply with the bloc’s transportation rules, the New York Times reports. The ruling comes after a series of legal losses in Europe, most recently Uber’s loss of its operating license in London and British tribunal ruling that the company could not treat drivers as self-employed contractors.

Loblaw Price Fixing

Canadian grocer Loblaw admitted this week it participated in a scheme with two suppliers to increase packaged bread prices for over 14 years, the Globe and Mail reports. The suppliers, Sobeys and Metro, said they are all cooperating with the government’s investigation.

AirPlus Selects Icertis

Business travel payments provider Lufthansa Airplus announced Wednesday it had selected Icertis to manage the contracting foundation of its global sales operation, according to a press release.

"The Icertis Contract Management platform will accelerate a process that used to take weeks thereby improving revenue recognition, gaining efficiency and delighting our customers," said Spencer Hanlon, chief operating officer at AirPlus International. "The ICM platform equips our team with an intelligent, enterprise-wide solution that allows us to optimize our commercial relationships and speed time to revenue."

Japan Exports

And finally, a trade update: Japan’s exports surged 16% in November, ABC News reports, driven by strong overseas demand for cars and manufacturing equipment. The country has recorded its longest period of economic expansion in 15 years, and a revival in export manufacturing is expected to boost export volumes further in the coming year.

Share on Procurious

Discuss this:

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.