Business

Uber has recorded the first operating profit in its history, after trips rose by more than a fifth in the last year. The American company, best known for its ride-hailing app, recorded pre-tax earnings of $326m (£255m) from its operations after a rise in demand led to 22% more trips booked on the platform in
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Rishi Sunak will head to Scotland on Monday as the Conservatives kick off a week of campaigning on energy security. Number 10 said the prime minister would use the trip to “highlight the central role” the country will play in “defending the UK against disrupted global energy supplies” and reaching the government’s net zero targets.
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Credit Suisse has been fined a record £87m by the Bank of England for “extremely serious” risk management failures. The bank, which was subject to a forced takeover by Swiss rival UBS earlier this year, fell “well below” regulatory standards in its dealings with private investment firm Archegos Capital Management, officials said. Credit Suisse lost
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