Australia Fines Uber $14 Million For Misleading On Fares And Cancellation Fees

Australia Fines Uber $14 Million For Misleading On Fares And Cancellation Fees

By Byron Kaye SYDNEY (Reuters) -An Australian court fined Uber Technologies Inc A$21 million ($14 million) on Wednesday for threatening cancellation fees it never charged and overstating fare estimates on some rides. The penalty was less than a regulator wanted. The Australian arm of the U.S. ride-sharing app broke consumer law by misleading customers with…

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Taiwan Seeks To Reassure On TSMC Commitment To Island Despite U.S. Investment

Taiwan Seeks To Reassure On TSMC Commitment To Island Despite U.S. Investment

TAIPEI (Reuters) – Taiwan’s economy minister said on Wednesday that the island remains chipmaker TSMC’s most important production base after the company announced it would more than triple its planned investment at its new Arizona plant to $40 billion. TSMC’s Arizona factory has sparked concerns in Taiwan, where semiconductor manufacturing is the backbone of the…

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