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The London Stock Exchange is one of the biggest stock markets outside the stock trading grounds in the United States

London’s transport authority has declared that it will not re-issue Uber’s license when it expires at the end of the month. While Uber has decided to appeal this decision, it is unclear whether the transport authority will back down.

The entire fleet of London’s UberX is set to go completely hybrid and electric by 2019 in order to embrace its new shift called the clean air plan.

The profiteering world saw a glimpse of Uber's business model and realized that there are lots of money to be made.

Grab, one of Uber’s rivals in the Southeast Asian markets, recently announced that they have raised $2 billion in funding from tech investors Didi Chuxing and Softbank.