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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Europe’s ‘happy vassal’ complex
The recent US-EU trade agreement has significantly weakened the EU's global standing, exposing its political vulnerabilities and undermining its climate agenda while highlighting a troubling trend of “vassalisation heureuse.” As Trump’s imperial vision takes shape, the EU struggles to assert its sovereignty amid growing dissatisfaction among Europeans, revealing an existential threat that could reshape international order if not effectively resisted. Want More Context? 🔎
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