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Taxi drivers block streets of Rio in protest against Uber

July 24, 2015 admin after-protests, central, drugs, electronic, miles, offering-free, online, sheriff, street, yellow

Uber Technologies Inc responded by offering free rides to customers to help alleviate transport issues on what it called a “difficult day for getting around.” The company has come under fire in countries around the world, with local taxi drivers complaining that Uber drivers are not properly regulated and have fewer overhead costs, which makes them unfairly competitive. Lawmakers in Sao Paulo, Brazil's biggest city, and capital city Brasilia have already voted to ban Uber after protests by local taxi drivers

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BlackBerry to buy messaging alerts firm AtHoc to expand software base

July 22, 2015 publisher central, general-meeting, miles, street, their-annual, their-offices, video-sharing, waterloo, yellow

By Euan Rocha TORONTO (Reuters) – BlackBerry Ltd said on Wednesday it is buying privately-held AtHoc, a provider of secure, networked crisis communications, as it moves to broaden its software offering and generate revenue from its BBM messaging service. San Mateo, California-based AtHoc's services are used by a number of top clients including the U.S

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China’s PICC gets approval to set up online payment firm

April 20, 2015 admin 32-3-million, 400-million, bengaluru, central, central-bank, china, customers-buy, diego, equity-stake, get-approval, million-yuan, notice, regulatory, said-on-monday

A unit of People’s Insurance Company of China Co (PICC), one of China’s biggest insurers, has received regulatory approval to set up a third-party payment firm, challenging banks for control of the crucial market. The China Insurance Regulatory Commission said on Monday it granted PICC Life Insurance Co permission to invest 200 million yuan ($32.3 million) to establish a wholly-owned subsidiary, Beijing Baofutong Ltd, according to an online notice posted by the insurance regulator. The PICC unit still requires to get approval from the central bank and comply with legal procedures to set up a third-party payment service, the notice said.