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A price war has broken across the world taxi companies. There is increasing competition passengers because the different apps that can order taxis. Some taxi companies are cutting their fares more than half to beat competitor companies. The world's biggest taxi-booking app is called Uber. It was founded 2009 and now operates over 200 cities across the globe. Many drivers of London's traditional black taxis are unhappy taxi apps. They argue that drivers app cabs are too inexperienced to drive taxis in London. Black cab drivers must pass a difficult test their knowledge London's streets to get their taxi-driving license. They have slashed some of their fares from $45 $7.50.

The U.K. boss of Uber said the price war would benefit his company and result higher profits, saying: "There's a lot competition the app makers and, to a certain degree, you need to think of things that you can do to stand from the crowd." London black cab driver Anthony Street says business remains good despite the app companies. He said: "There are lots technologies that are changing things us, but it's up to drivers." One of New York's biggest taxi companies has called Uber to have its license suspended. It says Uber is illegally using data collected passengers. In Singapore, the government has just announced that it would start regulating taxi app companies.

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