Global Markets: European Court call Uber a taxi-service

By Commodity News Service Canada
WINNIPEG, Dec. 20 (CNS Canada) – The following is a glance at the news moving markets in Canada and globally.

– Senate Republicans passed a major tax bill early Wednesday morning by a final vote of 51 to 48. The US$1.5 trillion bill brings sweeping changes to America’s tax code for the first time in decades. The bill is expected to get final approval later today before U.S. President Donald Trump signs it into law.

– A request by energy company TransCanada to alter the proposed route for the Keystone XL pipeline has been rejected. The Nebraska Public Services Commission voted unanimously to deny TransCanada’s request to adjust the direction of the line. The company had tried earlier to get a different route for the pipeline but ultimately settled for the agreed-upon alignment.

– The European Court of Justice has ruled ride-sharing company Uber should be treated like a taxi service. The court determined that Uber was closer to a transportation service then a digital company that matched up drivers and passengers. The ruling means Uber must now adhere to the EU’s transportation guidelines, which is what the company had been fighting against.

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