Sao Paulo mayor proposes regulations for Uber, avoiding ban

Sao Paulo will introduce new regulations to govern ride-sharing services such as Uber instead of backing an outright ban proposed by local Brazilian lawmakers, the mayor of South America's biggest city said on Thursday. Mayor Fernando Haddad said at a press conference that the city would create a new class of taxis known as "black cabs," which will accommodate Uber vehicles, and allow for 5,000 operating permits. Uber issued a statement shortly afterward blasting the decision as unconstitutional