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Although a cash ban in Mexico City is still in place, Uber decided to begin accepting the fares, acting in accordance with the Supreme Court’s decision, said Federico Ranero, the company’s Mexico chief executive. “Because of the importance of this precedent, and because of our mission, we’re deciding to (accept cash) now, and we’re collaborating closely with authorities to make sure that all of those regulations will be adapted,” he said in an interview. Uber has not decided if it will legally challenge Mexico City’s ban but views that as a last resort, Ranero said.

Mexico City’s government did not immediately respond to a request for comment, Uber launched in the capital in 2013 and soon dominated the market, but Chinese ride-hailing firm Didi Chuxing entered Mexico earlier this year to challenge Uber, Before the Supreme Court decision, Uber accepted cash in all but two of the 43 Mexican cities where it operates, Still, when Uber was first negotiating with Mexico City regulators, it did not want to bill in cash, preferring to stick to credit cards, said Carlos Camacho, president of consulting firm Strategic Affairs Group, sterling silver soccer ball shoe cufflinks who advised Uber at the time..

Uber sells pre-paid gift cards to accommodate users without credit cards and is working on other payment methods to reach the unbanked, Ranero said. He declined to provide details. Accepting cash in Mexico City will extend the service to about 10 million people in the metropolitan area, Uber estimates. The company has said that more than half of its trips in Mexico are paid for in cash. The use of cash has sparked concerns that Uber drivers could become targets for robbery. In addition to its normal safety precautions, Uber verifies the identities of users who want to pay in cash by checking their Facebook profiles, Ranero said.

KUALA LUMPUR (Reuters) - A U.S, court has allowed the sale of a private jet allegedly bought by fugitive financier Low Taek Jho with money taken from Malaysia’s scandal-linked state fund 1MDB, court filings showed, The Bombardier Global 5000 jet is among $1.7 billion in assets allegedly purchased by Low, also known as Jho Low, and his associates with funds stolen from 1Malaysia Development Berhad (1MDB), the U.S, Department of Justice (DoJ) has said, The jet is the second asset linked to 1MDB to sterling silver soccer ball shoe cufflinks go on sale, Earlier this week, Malaysia put up for auction the Equanimity, a $250 million luxury yacht, also allegedly bought by Low..

A judge in a California court agreed on Wednesday to a proposal between the DoJ and the company that owns the jet, Global One Aviation, to sell the aircraft. The parties cited possible risk of damage and the cost of maintaining the jet, which is currently in Singapore. A spokesman for Global One Aviation said a formal bidding process should start immediately. “This agreement has been reached in cooperation with the United States government to ensure that the parties’ legal rights with respect to the jet are maintained, and that the jet’s value is not depleted while these claims are appropriately resolved,” the spokesman said in an emailed statement.

The court said bids for the Bombardier jet should meet or exceed a minimum reserve price, which Global One Aviation proposed to be set at $5.4 million, The court filing did not give a reason for the lower valuation of the aircraft, The DoJ has said that some $4.5 billion was siphoned from 1MDB, and used by Low and his associates to buy the jet, the yacht, as well as Picasso paintings, jewelry, and sterling silver soccer ball shoe cufflinks real estate, The Malaysian government said in August it wanted to repossess the aircraft, Low, the target of a Malaysian arrest warrant, has denied wrongdoing, His whereabouts are unknown..

The proceeds from the sale will be held in an account maintained by the U.S. pending the conclusion of the asset forfeiture case, the court said. In a separate filing on Wednesday, the court agreed to replace Jho Low’s stake in EMI Music Publishing in the forfeiture case with the proceeds from a proposed stake sale to Sony Corp. The U.S. civil lawsuits had sought to seize Low’s $107 million stake in EMI which the DOJ said was bought with stolen 1MDB funds. In May, Sony made a $2.3 billion offer to gain control of EMI.

LONDON (Reuters) - Bitcoin was heading towards a year-on-year loss on Wednesday, its 10th birthday, the first loss since last year’s bull market, when the original and biggest digital coin muscled its way to worldwide attention with months of frenzied buying, By 1300 GMT, bitcoin BTC=BTSP was trading at $6,263 on the BitStamp exchange, leaving investors who had bought it on Halloween 2017 facing yearly losses of nearly 3 percent, A year ago, bitcoin closed at $6,443.22 as it tore towards a record high of near $20,000, hit in sterling silver soccer ball shoe cufflinks December..

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