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Court upholds £3 bn lifeline for UK's top water supplier
Court upholds £3 bn lifeline for UK's top water supplier
Business and Economy
by  AFP

A UK court on Monday upheld an emergency loan granted to Thames Water, allowing Britain's largest such supplier to keep a financial lifeline as it drowns under massive debt. Thames is scrambling to find fresh sources of funding, including appealing to the UK water regulator to be allowed to hike bills more than granted.

OECD lowers global growth projections over tariffs, uncertainty
OECD lowers global growth projections over tariffs, uncertainty
Business and Economy
by  AFP

Trade tensions and geopolitical uncertainties are weighing on economic perspectives, the Organisation for Economic Co-operation and Development said on Monday as it lowered its projections for global growth in 2025. That was due to "higher trade barriers in several G20 economies and increased geopolitical and policy uncertainty weighing on investment and household spending".