Uber's licence in UK city Cambridge extended for five years

The British university city of Cambridge extended Uber's operating licence for five years on Monday in a boost to the taxi app which is battling to keep its cars on the road in London, its most important European market.On Monday, local officials in Cambridge, eastern England, said the U.S. firm, valued at around $70 billion, will be able to keep operating for a further five years."We consider Uber to be a fit and proper operator," said Councillor Gerri Bird, the chairwoman of Cambridge city cou