Feb 13, 2017

Uber's "cookie cutter" approach costing it in India, rival says

Ola Cabs

Uber should do a better job of understanding "local nuances" — like offering motorbikes and enabling users to book a car for an entire day — if it wants to do better in countries like India, Pranay Jivrajka, an executive at Uber rival Ola Cabs tells CNN.

Why this matters: Uber has been struggling to make profits in India, and CEO Travis Kalanick has even admitted that the company is "losing" there, though he is determined to continue India business operations "in the long run." India is a focus for Uber after it suspended operations in Taiwan last week, and sold its Chinese business to local rival Didi Chuxing six months ago. Adjusting its business model for the local market could be a way for them to accelerate India operations.

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Energy deputy secretary nominee in hot water after contradicting Trump

Mark Menezes speaks at a forum in Addis Ababa, Ethiopia, June 12. Photo: Minasse Wondimu Hailu/Anadolu Agency/Getty Images

Trump administration officials are internally raising concerns about President Trump’s nominee for Energy deputy secretary, who appeared to openly contradict the president on nuclear waste storage at Nevada’s Yucca Mountain last week.

Driving the news: While speaking at a House Energy and Commerce subcommittee hearing last Wednesday, Mark Menezes told members of the panel that the Trump administration is still interested in storing nuclear waste at Yucca Mountain and that “what we're trying to do is to put together a process that will give us a path to permanent storage at Yucca."

Exclusive: Pompeo says new China media restrictions "long overdue"

Photo: Mark Wilson/Getty Images

The State Department announced Tuesday that it has designated five Chinese state media outlets as "foreign missions," meaning that they will be treated as arms of the Chinese government.

Driving the news: In his first public statement on the new designation, Secretary of State Mike Pompeo tells Axios that the five outlets are "clearly controlled by the [Chinese Communist Party], and we are simply recognizing that fact by taking this action.”

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