Judge slams Ofwat and government for not attending Thames Water hearing
The hearing comes at an existential moment for Thames Water, the UK’s biggest water company that is struggling under its £19bn debt mountain. If the court does not approve the emergency loan, the ...
Surge in advisers buying UK government bonds for clients
Financial advisers have been snapping up UK government bonds on behalf of their clients to meet surging demand, as investors seek attractive income streams and tax-free gains.
‘High risk’ carbon capture projects in the UK face funding cuts
Britain’s carbon capture and storage technology projects are facing the threat of Treasury cuts following warnings from MPs that the “high risk” policy should be reassessed to make sure it is ...
China’s ‘lifeline’ labs and rich Asians’ crypto craze
A notable example is Hubei Yangtze Memory Labs in Wuhan, where many engineers from leading Chinese chipmaker YMTC, which was added to the US Entity List in 2022, conduct trials and test samples.
UK anti-terror scheme criticised over handling of Southport child killer
Axel Rudakubana’s referral to the UK counterterrorism scheme was closed prematurely, three years before he murdered three ...
Meta’s investment in VR and smart glasses on track to top $100bn
Tech group reveals it put $19.9bn into its Reality Labs division, which develops its smart glasses and headsets, last year ...
The high-end care homes taking their cues from hotels and members’ clubs
From Michelin-star chefs, chic interiors and spas to AI pain management, these residences are rethinking care for wealthy ...
Stockpickers: St James’s Place new broom makes a clean break with the past
To be fair, turnarounds aren’t always straightforward. It took Marks and Spencer years and several attempts to escape its “burning platform”, and the reinvention of former subprime lender Provident ...
Investors fret over Eutelsat and SES finances as Starlink threat looms
Eutelsat is counting on the project, called Iris², to help fund the development of its next generation of OneWeb satellites and is the project’s single biggest private sector investor, committing €2bn ...
US High School Economics class: Tech stocks slump as China’s DeepSeek stokes fears over AI spending
Essential Question: How does DeepSeek’s rise as an AI competitor challenge global tech dominance, and what does it reveal about the economic forces driving innovation, competition, and market ...
Thames Water and Altice set to push European high yield default rate to highest since 2008
The default rate in Europe’s €340bn high yield — or junk — bond market will climb to 5 per cent this year, according to a prediction from JPMorgan, the US bank. That is up from a rate of 3.3 per cent ...
Most big polluters to miss UN deadline for 2035 climate targets
The EU, Australia, South Africa and India are among a host of big polluters expected to miss a UN deadline for new climate targets, coming up against economic constraints and political pressure ...