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FT News Briefing

Your Uber profits have arrived

FT News Briefing

Forhecz Topher

News, Daily News, News & Politics

4.41.3K Ratings

🗓️ 8 February 2024

⏱️ 11 minutes

🧾️ Download transcript

Summary

Labour leader Sir Keir Starmer is set to announce the party is abandoning its target to spend £28bn a year on green investment, Uber has reported its first annual operating profit, and the far-right winner of Dutch elections just can't seem to form a government. 


Mentioned in this podcast:

Labour set to ditch plan to spend £28bn a year on green investment

Geert Wilders struggles to find coalition partners in the Netherlands

Uber records first annual profits as market value approaches $150bn

Benjamin Netanyahu rejects ‘delusional’ Hamas terms for hostage deal


The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.


Read a transcript of this episode on FT.com


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Transcript

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0:00.0

The UK's energy partner.

0:06.0

Learn more at equinore.

0:10.0

The UK's energy partner. The F.Couinore. Good morning from the Financial Times. Today is Thursday, February 8th, and this is your

0:17.2

F.T. News briefing. The UK's Labor Party is dropping one of its key campaign promises, and Uber has turned its fortunes around.

0:27.0

Plus, negotiations to form a far-right government in the Netherlands are, well, they're a mess.

0:34.0

Most political analysts have given up betting really

0:36.7

on the outcome, to be honest, because even seasons observers

0:40.0

of Dutch politics are struggling

0:41.9

to find a way through this.

0:43.0

I'm Mark Filipino and here's the news you need to start your day. Labor leader Kieur Starmer has a big announcement planned for today, his parties dropping

1:06.6

the commitment to spend 28 billion pounds a year on low-carbon infrastructure. Labor first introduced the price tag when UK interest rates were

1:15.8

basically zero back in 2021 and they're worried now about how much more expensive it's

1:21.3

become to borrow money.

1:23.0

Starmer is expected to blame worsening public finances under the Conservative government,

1:28.0

but Labor still wants to move forward with several of the proposals in the plan.

1:33.0

Uber announced a major milestone yesterday when it reported earnings, it not only passed analyst expectations,

1:47.0

the company also reported its first full year of operating profits.

1:51.0

Here to talk to me about how that happened is Camilla Hotson. She covers

1:55.2

Uber for the FT. Hi Camilla. Hi Camilla.

1:57.6

Hi. All righty Camilla do me a favor. And just walk me through some of the highlights

2:02.0

from yesterday's earnings report for

2:03.5

Uber. Yeah so it was a big moment for Uber their first full year of operating

...

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