Argentina’s Macri sides with taxis as Uber arrives in Buenos Aires

Argentina's biggest city vowed to punish Uber Technologies Inc on Thursday for defying a ban and President Mauricio Macri showed solidarity with cab drivers as the ride-hailing company opened a new front in its battle with the taxi industry. Uber's launch in Buenos Aires this week met with widespread protests by drivers of the city's black and yellow cabs, along with threats from officials, echoing resistance the U.S. company has faced in many of the more than 400 cities where it operates worldwide. "We have already ordered the service to shut down," said the city's Transportation Secretary Juan José Méndez.

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