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Singapore on Monday fined ride-hailing firms Grab and Uber $9.5 million for breaking competition rules when they merged, saying the deal had increased fares and thrown up roadblocks for competitors. Singapore-headquartered Grab agreed to buy US firm Uber̵Singapore fines Grab, Uber $9.5m over merger
Singapore on Monday fined ride-hailing firms Grab and Uber $9.5 million for breaking competition rules when they merged, saying the deal had increased fares and thrown up roadblocks for competitors. Singapore-headquartered Grab agreed to buy US firm Uber’s ride-hailing and food business in Southeast Asia in March, ending a bruising battle between the companies. READ […] Read more