11,447 deaths recorded globally in 24 hours; global total cases rise by record of nearly 700,000; US added 102,000 cases on Wednesday, according to Johns Hopkins
- UK chancellor extends furlough scheme until early 2021
- Exclusive: UK rapid mass tests miss over 50% of cases in pilot
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Meanwhile over at the US elections, where Trump has just made repeated false claims about the election in his first pubic address since the early hours of Wednesday morning:
Anderson Cooper just called Trump 'an obese turtle on his back flailing in the sun'
Uber Technologies Inc said on Thursday demand for its food-delivery service exploded in the latest quarter, but recovery in its global rides business is being held back by its most important market, the United States, Reuters reports.
Uber’s recovery will depend much on the course of the pandemic, with a resurgence in virus infections threatening to keep customers wary about returning outside or planning frequent trips far into 2021.
Ride bookings were dragged down by a slow recovery particularly on the US West Coast, while Europe and the Middle East recovered more steadily, down only 36% from last year.
Uber shares were down 2% in after-hours trading as an adjusted third-quarter EBITDA loss of $625 million was wider than analyst expectations of a $597 million loss, according to IBES data from Refinitiv.
Non-adjusted earnings per share came in at a loss of 62 cents, compared with a 65-cent loss estimated by analysts.
Gross bookings at Uber’s rides mobility unit recovered from their massive drop in April, but remained down 50% from last year on a constant currency basis. But unlike Uber’s other units, the rides segment delivered adjusted EBITDA of $245 million.
from The Guardian https://ift.tt/34YGU65
