Bloomberg Lloyds Banking Group Plc, Britain’s largest mortgage lender, posted a 15 percent decline in third-quarter profit as it took a 1 billion-pound ($1.2 billion) charge to compensate customers who were wrongly sold loan insurance. The bank’s shares fell as much as 3.8 percent as impairments climbed more than most estimates while an accounting change drove an improvement in …

  Cairo / AFP Facing a weeks-long shortage in a country already restless with rising prices, Egyptian authorities this week raided a Twinkies snack cake factory and confiscated its sugar stocks — all 2,000 tonnes. The raid on Sunday on Edita Food Industries, one of Egypt’s largest producers, came as discontent with increased food prices and empty shelves bubbles to …

  Reuters Ride-hailing service Uber plans to make Cairo a regional hub with an investment of more than $50 million in the next two years, building on its breakneck growth in the infamously traffic-clogged city, its Egypt general manager said. The company has committed to investing $250 million over the next five years in the Middle East, where Cairo, a …