Uber Technologies Inc (NYSE: UBER) Will Give a Temporary Fuel Surcharge

Uber Technologies Inc (NYSE: UBER) recently announced that it provided a temporary fuel surcharge. The new fares will assist drivers in remit payment for the increasing gas prices across the U.S. During the announcement, Uber reiterated that the consumers would be required to remit at least $0.45 or $ 0.55 per trip.

The company also announced that its consumers would remit at least $0.35 or $0.45 per order, relying on the consumer’s position. The company shared the recent developments on its blog accessible to other countries such as the US. Uber’s intention for the extra charges will begin in the next two months, and it will introduce its drivers to the related stipulations.

The company’s decision has been brought about by the rid in fuel prices caused by Russia’s invasion of Ukraine

LYFT Inc (NASDAQ: LYFT) will also include fuel prices in transport charges

Other platforms that attempt to control the rise of the fuel charges include LYFT Inc (NASDAQ: LYFT), which also included the fuel price in the final transport fees. Lyft recently issued a statement revealing the gas prices were increasing due to the ongoing situation between Russia and Ukraine. However, the company reiterated that the prices were temporary until an alternative solution arrived.

An African startup is attracting investors from around the world

A recent startup from Africa, Moove, is attracting several investors across the globe, including moguls from Europe. The platform offers an alternative auto financing method for motorists in the ride-hailing sector and recently announced that it received  $105 million. Moove was created in 2020, assisting motorists via its financial mechanism; after issuing a loan, thus remitted from the income generated.

Moove issues soft loans to those motorists that earn less and have no access to financial services or can’t acquire loans. Some investing organizations assisting the startup in achieving this realization include Speedinvest and Left Lane Capital. In addition, the startup’s chief EXECUTIVE, Ladi Delano, stated that Moove attempts to breach the auto financing gap in Africa.

The company covers a variety of motorists with possessions such as Trucks, bikes, and others; Lado further added that the company’s missions have expanded into various regions of the world, including Europe.

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Published by Brendan Byrne

While studying economics, Brendan found himself comfortably falling down the rabbit hole of restaurant work, ultimately opening a consulting business and working as a private wine buyer. On a whim, he moved to China, and in his first week following a triumphant pub quiz victory, he found himself bleeding on the floor based on his arrogance. The same man who put him there offered him a job lecturing for the University of Wales in various sister universities throughout the Middle Kingdom. While primarily lecturing in descriptive and comparative statistics, Brendan simultaneously earned an Msc in Banking and International Finance from the University of Wales-Bangor. He's presently doing something he hates, respecting French people. Well, two, his wife and her mother in the lovely town of Antigua, Guatemala. You may contact Brendan via his email (brendanbyrne@wallstreetpr.com) or his Google+ page (https://plus.google.com/u/0/116608759701551457422).