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Dutch prosecutors raid Uber's offices in Amsterdam

Dutch prosecutors said on Tuesday they have raided Uber’s European headquarters in Amsterdam as part of a criminal investigation into whether the company is offering illegal taxi services. A spokeswoman for the Netherlands’ national financial crimes prosecutor said Uber had previously been fined 450,000 euros by the country’s Transport Inspectorate for allowing unlicensed drivers to offer taxi services through its UberPOP ride-sharing service. “The suspicion is that they have continued

Dutch prosecutors raid Uber's offices in Amsterdam

Dutch prosecutors said on Tuesday they have raided Uber’s European headquarters in Amsterdam as part of a criminal investigation into whether the company is offering illegal taxi services. A spokeswoman for the Netherlands’ national financial crimes prosecutor said Uber had previously been fined 450,000 euros by the country’s Transport Inspectorate for allowing unlicensed drivers to offer taxi services through its UberPOP ride-sharing service. “The suspicion is that they have continued

Glencore shares halt slide, broker recommends going private

Shares of Glencore (GLEN.L) halted their slide on Tuesday after losing around a third of their value on Monday, with several brokers saying worries over the commodities and mining company’s debt pile were overdone. Analysts at Citi said Glencore should even consider going private via a management buyout if the market rout continued. “In the event the equity market continues to express its unwillingness to value the business fairly, the

Glencore shares halt slide, broker recommends going private

Shares of Glencore (GLEN.L) halted their slide on Tuesday after losing around a third of their value on Monday, with several brokers saying worries over the commodities and mining company’s debt pile were overdone. Analysts at Citi said Glencore should even consider going private via a management buyout if the market rout continued. “In the event the equity market continues to express its unwillingness to value the business fairly, the