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FT News Briefing
Your Uber profits have arrived
Feb 8, 2024
Labour leader Sir Keir Starmer discusses the party's decision to abandon its £28bn green investment target. Uber's announcement of its first annual operating profit is also explored. The challenges faced by Geert Wilders in forming coalitions and Benjamin Netanyahu's rejection of Hamas' terms for a hostage deal are highlighted.
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Quick takeaways
- Labour leader Keir Starmer is dropping the commitment to spend £28 billion a year on low-carbon infrastructure due to concerns about the worsening public finances, but still plans to move forward with several proposals in the plan
- Uber announces its first full year of operating profits in its earnings report, surpassing analyst expectations, attributing its turnaround to cost-cutting measures, streamlining the business, improving margins, and growing its advertising business.
Deep dives
Labour Party dropping commitment to low-carbon infrastructure spending
Labour leader Keir Starmer is dropping the commitment to spend £28 billion a year on low-carbon infrastructure due to concerns about the worsening public finances. Despite this, Labour still plans to move forward with several proposals in the plan.
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