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17.11.25 - 10:06
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Thames Water bidder says it is offering £1bn extra cash injection (The Guardian)
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Castle Water says restructuring plans do not go far enough and extra funds will help resolve pollution crisisBusiness live – latest updatesA bidder for Thames Water has said it would inject £1bn more into the struggling utility company than rival proposals if it gained control.John Reynolds, the chief executive of the independent water retailer Castle Water, said the current plans under discussion with creditors to rebuild Thames Water's finances does not go far enough and does not properly address its environmental crisis. Continue reading......
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14.11.25 - 16:12
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Thames Water tried to make MP pay its legal fees of up to £1,400 an hour (The Guardian)
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Exclusive: Charlie Maynard, public interest representative in case, accuses utility of 'retaliation' for failed bid for costs in supreme court appealThames Water argued that an MP should be forced to pay its hefty legal costs after he represented the interests of the British public in court, a move he described as “retaliation” for pushing for government control of the crisis-hit utility, the Guardian can reveal.The UK's highest court this week rejected Thames Water's arguments that the Liberal Democrat MP Charlie Maynard should pay legal fees as high as £1,400 per hour. Continue reading......
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14.11.25 - 15:15
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Treasury official pours cold water on 50-year-mortgage proposal (The Hill)
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A Treasury Department official signaled Thursday that President Trump's 50-year mortgage proposal is unlikely to address affordability, an issue at the top of U.S. voters' minds after last week's elections. Joe Lavorgna, a counselor to Treasury Secretary Scott Bessent, was asked during an appearance on NewsNation's "The Hill" whether he thought the proposal was a......
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14.11.25 - 02:24
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China Shares May Open Under Water On Friday (AFX)
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BEIJING (dpa-AFX) - The China stock market on Thursday ended the two-day slide in which it had fallen almost 20 points or 0.5 percent. The Shanghai Composite Index now sits just beneath the 4,030-......
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11.11.25 - 10:57
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"We May Have To Evacuate Tehran": Iranian President′s Remarks Stun Amid Water Crisis (ZeroHedge)
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"We May Have To Evacuate Tehran": Iranian President's Remarks Stun Amid Water Crisis
Coming off a very 'hot' geopolitical summer which saw Israel and the US attack Tehran and the Islamic Republic's nuclear energy facilities, Iran is now facing yet another immensely threatening crisis amid historic drought: lack of water for the population of 90+ million.
Rainfall has been at record lows, causing reservoirs to be nearly empty, in an already arid Middle East climate. The situation has grown so acute that President Masoud Pezeshkian has warned that if the drought persists for another month, Tehran's water would have to be rationed. But this appears to be happening currently, as no rain is expected for at least the next ten days.
Via Iran News Update
Already Iranians are being urged to conserve water and only use what's available for the most pressing needs. Pezeshkian has actually said something stunning and unprecedented on Monday, though some are describing it as obvious hyperb...
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11.11.25 - 09:48
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Wessex Water must pay £11m over wastewater failures, says regulator (The Guardian)
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Company failed to effectively operate, maintain and upgrade its wastewater assets, Ofwat findsBusiness live – latest updatesWessex Water has been ordered to pay £11m over wastewater failures and told to spend it on improvements to reduce sewage spills and other measures.Ofwat, the industry regulator for England and Wales, said that Wessex Water and its shareholders would fund a total enforcement package of £11m, none of which will be paid for by customers through bills. Continue reading......
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