Breaking News English

There is a worldwide price war among taxi companies. There is more competition for passengers because apps are making taxis cheaper. Some companies are cutting fares in half. Drivers of London's black taxis are unhappy with the taxi apps. They say that drivers of app taxis do not have enough experience. They also do not have enough knowledge of London's streets. Some taxi fares in London have gone down from $45 to $7.50.

A taxi app boss said the price war would mean more profits. He said: "There's a lot of competition over the app makers….You need to think of things that you can do to stand out from the crowd." A London black cab driver said business was good and that technology can help taxi drivers. One of New York's biggest taxi companies is unhappy with taxi apps. In Singapore, the government just announced it would regulate taxi app companies.