German court bans Uber's unlicensed taxi services

By Eric Auchard and Christoph Steitz FRANKFURT (Reuters) - A German court on Wednesday banned Uber from running services using unlicensed cab drivers and set stiff fines for any violations of local transport laws by the pioneering online taxi firm. Uber, worth an estimated $40 billion making it the world's most valuable venture-backed start-up, has set out to revolutionise local transport services worldwide, from taxis to carpools to fast-food delivery. Born out of the frustration of two S