A High Court judge has approved a £3 billion loan for Thames Water, providing a temporary lifeline to prevent imminent collapse. The emergency funding allows the London water company to secure a more sustainable financial solution, crucial for the company serving 16 million households in London and the South East. Despite having £16 billion in debt, the new funding aims to prevent Thames Water from going bankrupt in the short term, with implications for its customers and long-term stability.
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Von der Leyen tells Xi EU-China ties are at ‘inflection point’
European Commission President Ursula von der Leyen and European Council President António Costa conveyed to Chinese leader Xi Jinping that EU-China relations are at an "inflection point" due to trade imbalances and China's support for Russia amid the Ukraine war. Both sides emphasized the need for mutual solutions to longstanding issues as the summit marks 50 years of EU-China relations, overshadowed by tensions over trade and geopolitical concerns. Want More Context? 🔎
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