Uber makes losses despite surge in revenues, reports say

Taxi-hailing app loses $2.2bn in first nine months of the year amid setback to roll-out of self-driving cars

Uber lost $2.2bn (1.77bn) in the first nine months of the year despite a surge in revenues, according to reports, adding to the taxi-hailing app's woes as it faces a setback in plans to launch self-driving cars.

The San Francisco-based firm was valued at more than $65bn in a $12.5bn fundraising effort earlier this year but has remained secretive about its financial performance.