Thames Water faces mounting uncertainty as a major investor withdraws its multi-billion-pound rescue plan, fuelling concerns over possible renationalisation, political intervention and the utility’s future stability.
A newly published strategic defence review places submarines at the core of bolstering the nation’s naval capabilities, reflecting the government’s commitment to securing maritime interests and modernising its military approach.
Bessent asserts that the US will not default, as market data exposes ongoing investor jitters around diverging yields and budget proposals, prompting fresh debate over financial stability.
Trump, following a court’s declaration that his tariff measures are unlawful, has vowed to press on with his trade offensive, maintaining a firm stance on negotiations while markets brace for continuing uncertainty.
It has emerged that an influential figure in European finance held protracted talks about leaving her current leadership role early to head a major international economic forum, sparking questions about leadership stability and the broader implications for economic policy.
The Treasury is shifting towards shorter-term borrowing, responding to a global sell-off that raises financing costs, with the IMF warning of intensified economic pressure and diminishing demand for longer-dated debt.
European nations are advocating for a rapid accord with Washington to avoid burdensome tariffs, supporting economic stability and bolstering their alliance.
Senior executives in the energy sector caution that shale production could face a downturn, as falling prices and Opec’s decision to raise output lead to concerns over oversupply and prompt companies to reduce capital investments.
Trump threatened a 50% tariff on EU imports, with stalled talks prompting alarm among officials and warnings that major tech firms could face a 25% levy.
US lawmakers have narrowly approved Trump’s flagship tax legislation after protracted negotiations, with the measure set to drive the national debt towards $3.3 trillion.