Nvidia’s $100 Billion OpenAI Investment Faces Internal Doubts, Report Says 
Apple Earnings Beat Expectations as iPhone Sales Surge to Four-Year High 
U.S. Government Faces Brief Shutdown as Congress Delays Funding Deal 
Bob Iger Plans Early Exit as Disney Board Prepares CEO Succession Vote 
Asian Currencies Hold Firm as Dollar Rebounds on Fed Chair Nomination Hopes 
Oil Prices Surge Toward Biggest Monthly Gains in Years Amid Middle East Tensions 
Saks Global to End Saks on Amazon Partnership Amid Bankruptcy Restructuring 
Panama Supreme Court Voids Hong Kong Firm’s Panama Canal Port Contracts Over Constitutional Violations 
OpenAI Reportedly Eyes Late-2026 IPO Amid Rising Competition and Massive Funding Needs 
Dollar Struggles as Policy Uncertainty Weighs on Markets Despite Official Support 
Asian Currencies Trade Flat as Dollar Retreats After Fed Decision 
South Korea Exports Surge in January on AI Chip Demand, Marking Fastest Growth in 4.5 Years 
Using the Economic Calendar to Reduce Surprise Driven Losses in Forex 
Philippine Economy Slows in Late 2025, Raising Expectations of Further Rate Cuts 
South Korea Industry Minister Heads to Washington Amid U.S. Tariff Hike Concerns 
Trump to Announce New Federal Reserve Chair Pick as Powell Replacement Looms 
Uber has secured a deal with Italy’s largest taxi dispatch service to expand its business there. The American mobility as a service provider has teamed up with IT Taxi, and this partnership aims to boost the firm’s presence in the country.
According to CNBC, the deal between Uber and IT Taxi will allow the latter’s 12,000 taxi drivers to accept bookings through the Uber app. The Italian taxi dispatcher covers 90 cities nationwide.
The deal was sealed as Uber, and other ride-hailing companies are struggling to get drivers for their service. There is a shortage of drivers, and this resulted in higher fares and longer waiting times which customers are not happy about.
This is the latest deal for Uber’s expansion plans, and in this case, its brand of taxi-hailing service will be made more prominent in Italy with the help of its partnership with the local IT Taxi service dispatcher. Previously, Uber also signed a similar agreement in New York and entered into collaborations with taxi groups in Madrid, San Francisco, and Hong Kong as well.
“This is a truly historic deal in one of our most strategically important markets globally,” Dara Khosrowshahi, Uber’s chief executive officer, said in a statement. “We strongly believe taxis and Uber are better together, and we’re committed to making this a partnership of trust and cooperation long into the future.”
Its deal in Italy is considered a big step because Uber has faced opposition from Italian taxi drivers for years. It was noted that in 2017, drivers staged protests against the company after accusing it of engaging in unfair competition.
Things are better for Uber now as it is set to begin its taxi service across Italy. The ride-hailing transport company did not disclose the financial terms of its deal with IT Taxi, but its spokesperson said that the company would be taking a fixed commission for access to its platform. It is not clear how much the commission is, but it was mentioned that Uber charges a rate of 12% in Spain.
Finally, Reuters reported that Uber’s app would be available to IT Taxi drivers, and this will allow Uber to provide services in Italy’s big cities, including Milan, Bologna, Rome, and Turin. The professional drivers for Uber are currently servicing customers in luxury sedans.
