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Uber adds £1 on trips in London's congestion charge zone

UBER will add an additional pound to the cost of journeys in central London from next week after the city's transport authority said private hire taxi operators will no longer be exempt from the congestion charge.

Most drivers entering London's central zone, spanning King's Cross in the north, the City in the east, the Imperial War Museum in the south and Buckingham Palace in the west, pay £11.50 ($15) Monday to Friday during the day.


Private hire firms had been exempt from the charge but regulator Transport for London (TfL) is seeking to cut the number of vehicles on the British capital city's roads, which has surged partly due to burgeoning taxi apps.

TfL said in December that private hire taxi operators such as Uber and Addison Lee would have to pay the levy from April 8.

"To help ease the impact on driver earnings, Uber trips that start, finish or pass within that Zone will include a £1 Central London Fee," said Uber.

(Reuters)

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Shein takes over Everlane in surprise tie-up between fast fashion and ethical retail

  • Shein is acquiring Everlane, though financial terms were not disclosed.
  • Everlane says it will continue operating independently under its current leadership.
  • The deal comes as Everlane faces slowing sales and mounting debt pressures.

Fast-fashion giant Shein is buying Everlane, a brand that built its reputation on ethical sourcing, factory transparency and minimalist fashion basics, a pairing that is already raising eyebrows across the retail industry.

The deal, confirmed in a letter sent to Everlane employees by chief executive Alfred Chang, comes at a difficult moment for the California-based retailer, which has been struggling with slowing sales and rising debt in an increasingly crowded “affordable luxury” market.

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