The pound is falling sharply in asian trade ahead of the Big Brexit Speech by theresa may. The billion dollar fine speech by theresa may. The billion dollarfine and speech by theresa may. The billion dollar fine and admission of guilt is this the end of the Takata Nightmare . Hello and welcome to Asia Business report. The british pound is under pressure, falling on speculation the uk is moving closer to exiting the Single Market of the eu. Trading just below a dollar 20. The first time it has fallen that level since october. I think it is a Co Nflu E Nce level since october. I think it is a confluence of not just level since october. I think it is a confluence of notjust expectation about the speech, and it seems some of the key details have been leaked over the weekend, but it segues nicely to Philip Hammonds comments that if the uk needed to recalibrate its economy, it would. Taken together has meant traders in asia have taken at the signal we are in for a hard brexit and that is wha
Not for hire. After pulling out of taiwan we find out whats next for uber. And its the holy grail of prime time advertising, the super bowl, but is the 5 million pricetag worth it . Hello and welcome to Asia Business report, im sharanjit leyl. Uber will exit taiwan this week. The Car Booking Company is calling it quits after a lengthy battle with the government there. Uber faced massive fines, which reportedly totalled 35 in us dollars after taiwanese authorities raised fines for drivers caught working for unlicensed transportation services. In taiwan, uber is registered as an Information Services company. Earlier i spoke with the General Managerfor earlier i spoke with the General Manager for uber in taiwan and earlier i spoke with The General Managerfor Uber in taiwan and he said the fine was among the highest imposed. We havent received any new fines today but i can confirm the fines right now are the highest in the world, which leaves very little room for innovation going forward.