What to Expect From Draghi at Jackson Hole

True price of an Uber ride in question as investors assess firm’s value

What is the true cost of an Uber ride? Uber will report second-quarter financials to investors this week, which will offer fresh insight on whether the company can get profitable any time soon. Although private, Uber has started releasing limited quarterly financial data, and in May reported a loss of $708 million for the first quarter, down from $991 million in the fourth quarter.


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Exclusive – UK finance sector proposes ‘ambitious’ post-Brexit trade pact

Exclusive - UK finance sector proposes 'ambitious' post-Brexit trade pact

The UK's financial sector is seeking an "ambitious" trade pact between Britain and the European Union to try to prevent a costly shift of jobs and business to the continent once the country leaves the bloc, according to a draft report seen by Reuters. Unless Britain negotiates new trading relations with the EU, banks, insurers and fund managers in Britain could be locked out of the bloc's markets when it leaves the EU in March 2019. The International Regulatory Strategy Group (IRSG) said in the draft report, to be submitted to the British government in September, that such a trade pact would allow UK firms to operate in the EU without the cost of having a local licence.


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