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Uber can be a super app without being a ‘super app’

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Line chart of Share prices rebased showing Uber and Expedia’s shares have taken very different routes

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Investors in Uber and Expedia seem to think a merger of the two, talks over which were reported by the Financial Times this week, is unlikely for now. Yet there is much to recommend a combination. Each aims to get customers from A to B. Teaming up could get them further — if only to C.

A tie-up would be a family reunion of sorts. Dara Khosrowshahi, hired to be Uber’s presiding adult in 2017 after co-founder Travis Kalanick resigned, previously ran the $20bn travel website. Expedia’s chair and largest individual shareholder Barry Diller is his mentor. The melding of cultures — often a source of friction — might be almost harmonious.

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Uber at a market value of $170bn can afford to take the risk. Imagine Khosrowshahi offered about $26bn to clinch a deal. He would only have to increase Expedia’s forecast free cash flow for 2026 by $1.6bn — little more than 10 per cent of the two companies’ combined sales and marketing expenses — to make a handsome 15 per cent return on investment, based on LSEG estimates.

Such numbers, though, are a dull reason to do a deal — at least in tech, where executives have an incentive to go big or go home. No fewer than 48 analysts rate Uber shares a “buy” even after its shares nearly doubled in a year. Amid such exuberance, buying an online travel agent whose revenue is growing at half Uber’s own 16 per cent rate seems positively mundane.

Line chart of Share prices rebased showing Uber and Expedia’s shares have taken very different routes

More enticing is the idea of creating a “super app” — a melange of services that dominates users’ brain space and wallets. The gold standard for this remains China’s WeChat, which combines messaging, payments, fitness tracking and millions of third-party “mini programs”. The west does not have such a thing. Facebook owner Meta and Google parent Alphabet have mostly kept their various services separate.

That has not stopped tech bosses from dreaming. Facebook co-founder Mark Zuckerberg and X owner Elon Musk have both talked about creating everything apps. PayPal toyed with buying digital mood-board site Pinterest, combining finance with social media. Khosrowshahi has said Uber could be the “operating system for your everyday life”. Buying Expedia would take him a little closer in that direction.

Or he could stay in his lane. Uber has mostly focused on short trips, and there is much more to do there, especially as driverless vehicles inch closer to the mainstream. Half of Uber users hail only one or two rides a month, and only a small slice of American adults use its rideshares at all. Khosrowshahi has shown himself to be a smooth operator. Get those numbers up, and Uber can be great without having to being super.

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john.foley@ft.com

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One of the world’s best airlines with UK flights reveals new cabins – with better economy seats and suite doors

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Cathay Pacific is rolling out a new cabin design

ONE of the best airlines in the world has revealed their brand new cabins – with better seats in economy.

Cathay Pacific was named the fifth best airline in the world earlier this year in the SkyTrax Awards.

Cathay Pacific is rolling out a new cabin design

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Cathay Pacific is rolling out a new cabin designCredit: Cathay Pacific
Economy seats are being 'refreshed'

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Economy seats are being ‘refreshed’
The new Aria Suite will have private sliding doors for the first time

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The new Aria Suite will have private sliding doors for the first timeCredit: Cathay Pacific

It also won World’s Best Economy this year, as well as World’s Cleanest Airline.

Cathay Group CEO Ronald Lam saying they were “extremely encouraged” after moving up from the top 10 to the top five for being one of the top airlines.

And launching this month are new cabins on their Boeing 777-300ER aircraft.

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The economy cabin is being “refreshed” with new seat covers as well as improved ergonomics.

The inflight entertainment interface has been improved, while the headrests are now flexible.

Premium Economy upgrades include padded footrests, leather headrests and 12.6 inch 4K screens.

The privacy features have been improved with “wings” and dividers between the seats.

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Reading lights, cocktail tables and extra storage are also part of the new designs.

The premium economy passengers also get their own bathrooms on the flight, with touchless flush, taps and bins.

And Cathay Pacific is rolling out their Aria Suite in business class.

Major airline with UK flights reveals new economy cabin seats

The “crown jewel” of business class, new suite doors have been introduced for the first time.

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The doors are similar to ones on other airlines such as Qatar Airways and British Airways.

The suites also have 24 inch TV screens, wireless charging and fancy suede walls and wool seats.

There are even new storage designs which have cabinets and drawers, with headphone hooks, drink trays and personal mirrors.

Brits can fly with Cathay Pacific on flights from London Heathrow and Manchester to Hong Kong.

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Flights start from £670 return, taking around 11 hours.

Another airline recently revealed their new cabin designs.

Delta connects the UK to the US with flights from London Heathrow, London Gatwick and Edinburgh.

What is it like to go to Hong Kong?

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Cathay Pacific connects the UK to Hong Kong – and the Sun’s Deputy Travel Editor Kara Godfrey visited.

“Hong Kong is a great stopover destination between trips to Australia and New Zealand.

“It’s easy to get around — the Metro is simpler than the London Underground and you can even hop on a “ding ding,” one of the many double-decker trams.

“There are amazing bars to choose from – Ozone is the the highest rooftop bar in the world while the Quinary was named one of the best bars in Asia.

“Escape the city for a day to Sai Kung, an hour away and called the “back garden of Hong Kong” although even reminded me of Hawaii.

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“If you want to stay, then the most famous is the country’s oldest hotel, The Peninsula.

“Dating back to 1928 and dubbed the Grand Dame of the East, it has since opened a hotel in London.”

Being introduced on their Boeing 757 planes, improvements are being rolled out in economy, premium economy and business class.

And we went to see what to expect from British Airways’ mega £7billion makeover of the entire airline – here’s what you can expect.

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Brits can fly with Cathay to Hong Kong

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Brits can fly with Cathay to Hong Kong

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Investing in your 30s.

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Investing strategies for your 30s

When you reach your 30s, investing is a great way to expand your finances and make sure you are doing everything you can for your future. If you have already started, then there could be ways to improve your investment strategies. If you are a beginner investor in your 30s then this will help you find the strategies for you.  

If you are a beginner to investing, then you can find out how it works here. 

A study by robo-advisor Personal Capital found that the average age people begin investing is 33.3 years. It’s important to understand that starting now can significantly impact your financial future. The earlier you start investing, the more time your money has to grow through the power of compound interest. Compounding can exponentially increase your returns over time, making it one of the most effective strategies for wealth accumulation. Use our compound interest calculator.

Your 30s are a pivotal time to establish or refine your investment strategies. By understanding your limits, seeking diversification, clarifying your goals, considering homeownership, investing in stocks with just a little risk and committing to regular reviews, you can create a strong financial foundation for your future. Starting now will set you on the path to achieving your financial aspirations, no matter when you begin. 

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So, take a look at some key investing strategies for your 30s. 

 

 

Check out Investing strategies for your 20s.

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Final video of Yahya Sinwar transfixes Gaza

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Screen grab from drone footage that the Israeli military says shows Sinwar sitting alone in a blown-up apartment, with one hand severely injured and his head covered in a traditional scarf, throwing a stick at the approaching drone shortly before his death in Rafah, southern Gaza

For months, Israel has portrayed the Hamas leader Yahya Sinwar as holed up in the militant group’s fortified tunnel network under Gaza, shielding himself from Israeli bombs.

But when many Palestinians in the strip watched the Israeli drone footage of Sinwar’s killing, they saw the Hamas chief above ground, dressed in military fatigues and with one arm partially severed, using his remaining hand to attack the drone with the only weapon he had — a stick.

“Even people who were angry about Hamas, when they saw . . . he had been killed during clashes and not hiding in a tunnel, as Israel was always claiming, they felt sorry and sad for him,” said Mohammed Sobeh, speaking from Khan Younis in Gaza.

“Sinwar’s death will raise his popularity.” 

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Many Gazans blame the Hamas chief for inciting Israel’s wrath with the October 7 attack that killed 1,200 people in Israel, according to Israeli officials, and triggered the devastating Gaza war. They say Sinwar provoked Israel into unleashing the greatest catastrophe on Palestinians since 1948. 

Israel’s assault has killed about 42,500 people in Gaza, according to health authorities in the shattered strip, which is now stalked by the threat of famine and disease.

But the footage of Sinwar’s final moments on Thursday looked to many in Gaza like a defiant last stand against Israel, eclipsing some of the criticism he faced from Palestinians. 

Since Sinwar’s killing, “what I’ve heard and seen is that, again, most of the Palestinians in Gaza have a lot of respect for him,” said Mkhaimar Abusada, associate professor of political science at Gaza’s Al-Azhar University, now visiting scholar at Northwestern University in Illinois, US. 

“They think he just died fighting in the frontline of the battle against Israel, like many other Hamas fighters,” he said. “Criticism of Sinwar just disappeared completely today.” 

Arabic social media has been filled with praise from Hamas supporters for the ruthless militant leader. “Sinwar was martyred on the ground of Rafah in the heart of the battle,” Youssef Issa Abu Medhat said. “He was not pulled from the tunnels. He was not arrested in his underwear.”

Abbas Araghchi, foreign minister of Iran, which supports Hamas, said on X that Sinwar “bravely fought to the very end on the battlefield”. “His fate — beautifully pictured in his last image — is not a deterrent but a source of inspiration for resistance fighters across the region,” he wrote, adding a still image of Sinwar from the drone video.

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The reaction in Israel to the dramatic news of Sinwar’s death, which included the grainy drone footage and a graphic image of the Hamas leader’s lifeless body amid the ruins of a bombed-out house, was sharply different.

Screen grab from drone footage that the Israeli military says shows Sinwar sitting alone in a blown-up apartment, with one hand severely injured and his head covered in a traditional scarf, throwing a stick at the approaching drone shortly before his death in Rafah, southern Gaza
Screen grab from drone footage that the Israeli military says shows Sinwar sitting alone in a blown-up apartment shortly before his death © Israel Army/AFP/Getty Images
IDF soldiers carry the body of what is thought to be Sinwar from the building where he was killed in Rafah, southern Gaza, on Thursday © IDF

Across the country, a sense of jubilation broke out over news that the architect of the deadliest attack on the Jewish people since the Holocaust had been killed. Israeli authorities were also quick to emphasise that no hostages seized by Hamas on October 7 were in the area or harmed.

On the streets and in messages shared on WhatsApp and other platforms, the dominant emotion was one of satisfaction that Israel had “brought justice” to its biggest nemesis, as defence minister Yoav Gallant put it.

The Israeli military also offered a different interpretation of Sinwar’s final moments, portraying him as injured and alone, holding 40,000 shekels in cash and a pack of Mentos candy.

“Sinwar died while beaten, persecuted and on the run — he didn’t die as a commander, but as someone who only cared for himself,” Gallant said, adding that this sent a “clear message” to Israel’s other enemies as well as the Gazan people.

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The killing of Sinwar, and the assassination by Israel of many of Hamas’s other leaders, creates a power vacuum in the militant group.

Abusada said Hamas would probably struggle to replace Sinwar, while also pointing out that Israel had killed many of its previous leaders and cautioning that his death was unlikely to cause the group to collapse.

“This isn’t going to put an end to Hamas or Palestinian resistance against Israel,” he said.

People outside a collapsed building in Jabalia, northern Gaza, as they try to extricate a man trapped underneath the rubble following an Israeli bombardment on Tuesday
People outside a collapsed building in Jabalia, northern Gaza, as they try to extricate a man trapped underneath the rubble following an Israeli bombardment on Tuesday © Omar Al-Qattaa/AFP/Getty Images

But for many in Gaza, the overwhelming feeling at Sinwar’s death is neither jubilation nor grief, but simply exhaustion. 

“I thought I would feel happy if Sinwar was killed,” said Mohammad Nafiz, a 28-year-old in Khan Younis. Instead, he added, “it feels mixed and weird”.

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Sinwar’s death comes after a year of carnage in Gaza, where a renewed Israeli offensive in the north of the territory over the past two weeks has killed dozens of people every day. Israeli human rights groups say the Israeli military appears to be implementing a plan to lay siege to northern Gaza and starve out its remaining inhabitants, which Israel denies. 

“People in Gaza’s greatest concern is stopping the war,” said a 42-year-old man in northern Gaza, who asked not to be named. 

“As for the assassination of Sinwar and other Palestinian leaders, it’s expected,” he added. “This doesn’t surprise us as Palestinians. All we care about is ending the war.” 

Additional reporting by Malaika Kanaaneh Tapper

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Podcast: Maintaining old clients while bringing in the new

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Podcast: Maintaining old clients while bringing in the new




Podcast: Maintaining old clients while bringing in the new | Money Marketing

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View more on these topicsAdvisers Podcast
In this episode of The Weekend Essay, Amanda Newman Smith discusses the challenge of balancing old clients while attracting new ones. She compares the marketing of The Cure’s new album with the financial advice industry, noting the importance of evolving without losing loyal customers. Amanda also highlights the difficulties young advisers face entering the field, as firms often hesitate to hire them due to their limited experience. She argues that supporting younger talent is crucial for the future of the profession and maintaining a healthy client base. Listen now:











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FT Weekend Magazine Crossword Number 713

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FT.com also brings you the crossword from Monday to Saturday as well as the Weekend FT Polymath. ft.com/crossword

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Interactive crosswords on the FT app

Subscribers can now solve the FT’s Daily Cryptic, Polymath and FT Weekend crosswords on the iOS and Android apps

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Iconic Christmas character to spot on rare 50p that makes it worth 21 times face value

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Iconic Christmas character to spot on rare 50p that makes it worth 21 times face value

SPOTTING this iconic Christmas character on a 50p coin could make it worth 21 times its face value.

Each year, The Royal Mint releases a 50p coin featuring Raymond Briggs’ beloved festive character, The Snowman.

The Snowman is an iconic Christmas character.

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The Snowman is an iconic Christmas character.

Over the past seven years, the UK’s official producer of coins has released a new 50p featuring the cartoon.

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Since 2018, around 700,000 Snowman coins have been snapped up by collectors worldwide, making it a firm favourite amongst collectors.

Its latest design has already been released and features The Snowman putting a star on top of the Christmas tree.

The coins won’t be entering general circulation, meaning you will have to buy one from The Royal Mint website.

But coin collection professionals at Change Checker have said that previous editions of the 50p can sell for a pretty penny on sites such as eBay.

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For example, the Royal Mint’s 2018 edition of The Snowman coin, which features the iconic image of him flying in the sky, sold for £10.50 this Ocotber.

The 2019 edition, depicting the lovable cartoon as he comes to life, sold for £10.99 this month also.

A full breakdown of how much each sold for on eBay this month can be seen below.

  • 2018 – £10.50
  • 2019 -£10.99
  • 2020 -£9.57
  • 2021 – £8.99
  • 2022 -£8.94
  • 2023 -£8.99

Experts at Change Checker said: “The Snowman 50ps can fetch a pretty penny on the secondary market, with the 2018 and 2019 editions selling for up to 21 times their face value. “

“If this data is anything to go by, the 2024 The Snowma 50p is sure to be popular with collectors.”

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However, it is important to remember that a coin is only worth how much a buyer is willing to pay for it.

So if you are keen to flog one of your pieces online you should keep that in mind.

Character coins are a fan favourite amongst collectors.

You may have seen recently The Royal Mint released a 50p coin featuring the Gruffalo to celebrate the 20th anniversary of its books.

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The Sun recently rounded up a full list of quirky rare coins that could be worth £356, which you can check out here.

Is your small change worth a fortune?

IF you think that you might have a rare coin then you might be able to make a real mint.

The most valuable coins usually have a low mintage or an error.

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These are often deemed the most valuable by collectors.

You should check how much the coin is selling for on eBay.

Search the full name of the coin, select the “sold” listing and then toggle the search to “highest value”.

It will give you an idea of the amount of money that the coin is going for.

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You can either choose to sell the coin on eBay or through a specialist such as ChangeChecker.org.

If you choose the auction website then remember to set a minimum price that is higher or at the very least equal to the face value of the coin.

Even if your coin “sells” on eBay for a high price there’s no guarantee that the buyer will cough up.

It its terms and conditions, the auction website states that bidders enter a “legally binding contract to purchase an item”, but there’s no way to enforce this rule in reality.

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The most eBay can do is add a note to their account for the unpaid item or remove their ability to bid and buy.

How much can I buy the new Snowman coin for?

You can purchase the Snowman coins from The Royal Mint website.

Prices start from £12 for a brilliant uncirculated coin and £25 for a colour version, all the way up to £1,220 for a gold proof coin.

Collectors are also already listing the coins on eBay.

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At the moment you can find one of the brilliant uncirculated 50p coins listed for £9.49 and the coloured version for £14.99.

Also listed on the bidding site is a silver-proof coin for £109.50.

You should bear in mind that if you can still buy the coin directly from The Royal Mint website then it is unlikely you will get much more for it on eBay.

Usually, collectors buy these limited edition coins in the hope that they will go up in value as there is only a certain number of them available, but this is not always the case.

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How to spot rare coins and banknotes

Rare coins and notes hiding down the back of your sofa could sell for hundreds of pounds.

If you are lucky enough to find a rare £10 note you might be able to sell it for multiple times its face value.

You can spot rare notes by keeping an eye out for the serial numbers.

These numbers can be found on the side with the Monarch’s face, just under the value £10 in the corner of the note.

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Also if you have a serial number on your note that is quite quirky you could cash in thousands.

For example, one seller bagged £3,600 after spotting a specific serial number relating to the year Jane Austen was born on one of their notes.

You can check if your notes are worth anything on eBay, just tick “completed and sold items” and filter by the highest value.

It will give you an idea of what people are willing to pay for some notes.

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But do bear in mind that yours is only worth what someone else is willing to pay for it.

This is also the case for coins, you can determine how rare your coin is by looking a the latest scarcity index.

The next step is to take a look at what has been recently sold on eBay.

Experts from Change Checker recommend looking at “sold listings” to be sure that the coin has sold for the specified amount rather than just been listed.

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Tracker shows how much each snowman coin sold for

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Tracker shows how much each snowman coin sold for

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