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Even as inflation cools and the economy stays strong, people still feel uneasy about the current outlook. Now, price growth is slowing down, but not necessarily for the things Americans want. But prices on things Americans want to do — like go to movie theaters, buy alcohol, or care for their pets — are still persistently high. Even with wages going up, inflation is making it more costly to go out to eat or even Netflix and chill. AdvertisementAdvertisementEven as more Americans land jobs, high inflation has left some Americans in dire straits and disproportionately hits the country's lowest earners.
Persons: , there's, Labor Julie Su Organizations: Service, Student, Suffolk University Sawyer Business School, USA, Labor, Bureau of Labor Statistics, Census Bureau, Survey
A signage is pictured at Travis Perkins, a timber and building merchants yard in St Albans, Britain October 22, 2020. The group said it now expected 2023 adjusted operating profit to be in the range of 175 million pounds ($215 million) to 195 million pounds, down from the 240 million pounds it had guided to in June, itself a 12% downgrade. Shares in Travis Perkins sunk by as much as 12% in early deals, hitting their lowest level for over three years. Travis Perkins said it remained confident in its longer-term outlook because Britain needed to build more homes and existing infrastructure would need to be decarbonised. Separately, Forterra (FORT.L), a British company which manufactures clay and concrete building products, said demand for its products has softened since July.
Persons: Travis Perkins, Paul Childs, Nick Roberts, Travis, Peel Hunt, Sarah Young, William James, James Davey, Emelia Organizations: REUTERS, Britain's, Peel, Thomson Locations: St Albans, Britain, British
LONDON, Oct 11 (Reuters) - British Airways said on Wednesday it would suspend all of its flights to Tel Aviv after it diverted a flight from London back to Britain due to security concerns in Israel. "Safety is always our highest priority and we've taken the decision to return our Tel Aviv flight to Heathrow (Airport)," a spokesperson for British Airways said. British Airways had operated a single daily flight to Tel Aviv before the suspension, according to flight tracking website FlightRadar. With British Airways' suspension, no IAG-owned (ICAG.L) airlines are now offering flights to Tel Aviv, a spokesperson for the group said. Flightradar showed the flight in question, BA165, had almost reached Tel Aviv before beginning its return to London.
Persons: haven't, Flightradar, Sarah Young, Joanna Plucinska, Sachin Ravikumar, Bernadette Baum, Jonathan Oatis, Rod Nickel Organizations: British Airways, Aviation, Palestinian, Hamas, Ben Gurion, Thomson Locations: Tel Aviv, London, Britain, Israel, Heathrow
Energy Security Minister Claire Coutinho said that Rosebank would be less emissions-intensive compared with older oil and gas developments because they were designed with mitigations in place. Environmental campaigners had urged the government to halt development of Rosebank, saying it contravened the plan for a net-zero economy. Uplift, a campaign group opposed to Rosebank, said Britain would struggle to benefit from Rosebank as most of the oil would be processed abroad. "By approving Rosebank, Rishi Sunak has confirmed he couldn't care less about climate change," Uplift executive director Tessa Khan said. The North Sea Transition Authority, the UK regulator, said it had taken Rosebank's emissions into account in relation to Britain's climate plan.
Persons: Rishi Sunak, Claire Coutinho, Sunak, Caroline Lucas, Rosebank, Tessa Khan, Sarah Young, William James, Ron Bousso, Kate Holton, Jane Merriman Organizations: Energy, Environmental, Green Party, Labour Party, Ithaca Energy, Ithaca Energy's, Transition, Thomson Locations: Ithaca, Britain, Oslo, Rosebank, Equinor
Somalia's First All-Women Newsroom Spotlights Female Taboos
  + stars: | 2023-09-20 | by ( Sept. | At A.M. | ) www.usnews.com   time to read: +3 min
"Sometimes my soul tells me I cannot continue the work because of insecurity and societal pressure. However, it is a career that I loved since my childhood and a dream which still lives in me," Ahmed said. Although it is supported by the United Nations Development Programme (UNDP), success has not come easy or risk-free for Ahmed and her team. With more than 50 journalists killed since 2010, Somalia is the most dangerous country for journalists in Africa, according to Reporters Without Borders. Bilan has revolutionised the news agenda in Somalia, said Abdallah Al Dardari, director of the United Nations Development Programme Regional Bureau for Arab States.
Persons: Abdi Sheikh, Fathi Mohamed Ahmed, Ahmed, Maria Abdullahi Jama, Sheikh Abdi Hayi, Omar Ibnu Khadab, Abdallah Al Dardari, Al Dardari, Abdirahman Hussein, Hereward Holland, Richard Chang Organizations: Reuters, United Nations Development Programme, Protect Journalists, Somalia, Facebook, Bondhere School, Ministry, Women, United Nations, Programme, Bureau, Arab, Bilan Media Locations: Abdi Sheikh MOGADISHU, Somalia, Africa, Mogadishu
MOGADISHU, Sept 20 (Reuters) - People often laugh when Fathi Mohamed Ahmed tells them she runs the first and only all-female newsroom in Somalia, one of the most dangerous places on the planet to be a reporter. "Sometimes my soul tells me I cannot continue the work because of insecurity and societal pressure. However, it is a career that I loved since my childhood and a dream which still lives in me," Ahmed said. With more than 50 journalists killed since 2010, Somalia is the most dangerous country for journalists in Africa, according to Reporters Without Borders. Bilan has revolutionised the news agenda in Somalia, said Abdallah Al Dardari, director of the United Nations Development Programme Regional Bureau for Arab States.
Persons: Fathi Mohamed Ahmed, Ahmed, Maria Abdullahi Jama, Sheikh Abdi Hayi, Omar Ibnu Khadab, Abdallah Al Dardari, Al Dardari, Abdi Sheikh, Abdirahman Hussein, Hereward Holland, Richard Chang Organizations: United Nations Development Programme, Protect Journalists, Somalia, Facebook, Bondhere School, Ministry, Women, United Nations, Programme, Bureau, Arab, Bilan Media, Thomson Locations: MOGADISHU, Somalia, Africa, Mogadishu
Ford UK Chair Lisa Brankin was scathing: "Our business needs three things from the UK government: ambition, commitment and consistency. Britain was the first major economy to create a legally binding 2050 net zero target and emissions have fallen almost 50% since 1990 as coal power plants closed and offshore wind power took off. The government's own independent adviser on climate action said in June that Britain was not doing enough to hit its mid-century target. Ford said it had spent 430 million pounds ($532 million) on its UK development and manufacturing facilities, with "further funding planned for the 2030 timeframe". His party has trailed the opposition Labour Party in polls for over a year.
Persons: Suella Braverman, Andy Bailey, Handout, Rishi Sunak, Lisa Brankin, Sunak, We're, Ford, Chris Skidmore, Kate Holton, Elizabeth Piper, William James, Susanna Twidale, Muvija, Nick Carey, Sachin Ravikumar, Gareth Jones, Kirsten Donovan Organizations: Economic, REUTERS, Sunak's Conservative Party, Ford, Conservative, BET, Times Radio, European Union, BMW, Volkswagen, Labour Party, Thomson Locations: London, Britain, Sunak
Reuters —A sweltering heat wave in Australia took its toll on runners in the Sydney Marathon on Sunday, with 26 people taken to the hospital and about 40 treated for heat exhaustion by emergency services. Large parts of Australia’s southeast, including Sydney, are experiencing a spring heat wave, the national weather bureau said, with temperatures Monday expected to peak at up to 16 degrees Celsius (60 Fahrenheit) above the September average. The rising heat wave has been building in the country’s outback interior over the weekend and is likely to last until Wednesday across the states of South Australia, Victoria and New South Wales. Temperatures in Sydney’s west are expected to hit 36 degrees Celsius (96.8 Fahrenheit) on Monday before dropping to about 22 degrees Celsius (71 Fahrenheit) on Thursday, the weather bureau forecasts showed. Scientists warn that extreme weather events like heat waves are only going to become more common and more intense unless the world stops burning planet-heating fossil fuels.
Persons: , Sydney Marathon Steve Markham, El Niño, El Organizations: Reuters, Sydney Marathon, Meteorology, Opera House Locations: Australia, Australia’s, Sydney, South Australia, Victoria, New South Wales, Sydney’s
Crowds of people enjoy the beach as parts of Australia's east reached their hottest day in more than two years amid temperatures which rose to 40 degrees Celsius (104 degrees Fahrenheit), in Bondi Beach, Sydney, Australia, March 6, 2023. Australia is baking through a rising heat wave which has been building in the country's outback interior over the weekend and is likely last until Wednesday across the states of South Australia, Victoria and New South Wales. The Bureau of Meteorology said it expected several early spring records were likely to be broken over the next few days, calling the heat "very uncommon for September". Temperatures in Sydney's west are expected to hit 36 degrees Celsius (96.8 F) on Monday before dropping to about 22 degrees Celsius (71 F) on Thursday, the weather bureau forecasts showed. The heat wave has also elevated the risks of fires with several regions given 'high' fire danger ratings, and authorities urging residents to prepare for bushfires.
Persons: Jaimi, El Nino, Renju Jose, Michael Perry Organizations: REUTERS, Rights, Meteorology, Sydney, Thomson Locations: Australia's, Bondi Beach, Sydney, Australia, South Australia, Victoria, New South Wales, Sydney's
A British steel industry worker displays a badge on his Tata Steel work clothing during a protest over jobs, pay and conditions of work, outside of the Houses of Parliament in London, Britain, June 28, 2023. Britain said Friday's deal would help to safeguard 5,000 jobs, but Tata Steel UK currently employs more than 8,000 people, raising the prospect of 3,000 redundancies, as the lower-carbon electric furnaces are less labour intensive. India-owned Tata Steel had long warned that without government help it could close the Port Talbot site. Britain's steel industry directly employs 39,800 people according to figures released by UK Steel in May, and supports a further 50,000 jobs in the supply chain. The government said Tata Steel UK would now inform and consult with staff and unions.
Persons: Toby Melville, Friday's, Kemi Badenoch, Port Talbot, Sharon Graham, Sarah Young, Farouq Suleiman, Elizabeth Piper, Sachin Ravikumar, Jane Merriman Organizations: Tata Steel, REUTERS, Port Talbot Tata Steel, Tata, Tata Steel UK, Business, Company, European Union, Tata Group, British Steel, UK Steel, Trade, Thomson Locations: London, Britain, steelmaking, India, Talbot, United States, England, British, Scunthorpe, Port Talbot
Astronomy aficionados are buzzing about a bright new comet. The ball of dust and ice is formally named C/2023 P1, but is also called Comet Nishimura, for Hideo Nishimura, the Japanese photographer who first spotted it. How was the comet discovered? Mr. Nishimura captured the comet on Aug. 12 while imaging the sky before sunrise with a digital camera — the third comet he has discovered. That’s exactly how scientists discovered Comet NEOWISE in 2021, which was named for the NASA space telescope that detected it, the Near-Earth Object Wide-field Infrared Survey Explorer.
Persons: Comet Nishimura, Hideo Nishimura, Nishimura, Vishnu Reddy, ” Dr, Reddy, Comet NEOWISE Organizations: Central Bureau, University of Arizona, NASA, Survey
Chartbook: Global container freightIn the United States, the volume of container trade handled through the nine largest ports in July was the lowest for the time of year since 2017. The volume of container freight hauled on the major railroads in June was the lowest for the time of year since 2012. Container trade through the port of Singapore, a major transshipment point for the region, has climbed to record levels. Rising share prices would be consistent with an improving outlook for global trade, but the evidence for it so far is limited. Related columns:- Global container freight stuck in doldrums (June 23, 2023)- Global freight shows signs of bottoming out (April 27, 2023)John Kemp is a Reuters market analyst.
Persons: Mike Segar, pare, Korea’s, John Kemp Organizations: REUTERS, Manufacturers, Economic, Heathrow, China’s, Global, Thomson, Reuters Locations: Port Elizabeth , New Jersey, U.S, North America, Europe, Netherlands, United States, Japan, Narita, United Kingdom, Asia, Singapore, doldrums
That has put pressure on risky EM currencies, echoing the dynamics observed last year when the Fed began raising rates. In the Sept. 1-6 poll, almost all beaten-down emerging market currencies were forecast to move little, or trade modestly higher against the dollar in a year, with some making small gains in three months. The underperformance of China has probably been the biggest story holding back EM currencies." Earlier this year, many analysts expected China's reopening to boost the yuan and other EM currencies, especially those exporting commodities to the world's second-largest economy, but this scenario did not unfold as anticipated. Through the end of this year, we believe most EM Asia currencies can weaken," said Nick Bennenbroek, international economist at Wells Fargo.
Persons: Chris Turner, Nick Bennenbroek, Hugo Pienaar, Devayani Sathyan, Veronica Khongwir, Jonathan Cable, Sharon Singleton Organizations: Treasury, greenback, Fed, ING, Reserve Bank of India, Korean, Bureau for Economic Research, Thomson Locations: BENGALURU, JOHANNESBURG, China, Asia, Wells Fargo, Russian, South Africa, Bengaluru
More than 1,500 flights were cancelled on Monday - a public holiday in parts of Britain, and one of the busiest travel days as the school holidays draw to close - when air traffic controllers were forced to switch to manual systems due to a technical problem. Ryanair, Europe's biggest airline, would be operating a normal schedule by Wednesday, said boss Michael O'Leary, as he criticised how Britain's National Air Traffic Services (NATS) had handled the situation. Harper chaired a meeting on Tuesday with NATS, the Civil Aviation Authority (CAA), airlines, airports, trade bodies and Border Force. EasyJet (EZJ.L) said that the knock-on impact meant some flights were cancelled on Tuesday morning. Heathrow Airport, Britain's busiest hub, told passengers to contact their airline before travelling to the airport on Tuesday.
Persons: Maria Ball, Charles De Gaulle, Mark Harper, Michael O'Leary, haven't, O'Leary, Raphael Satter, Rishi Sunak, Sunak, Harper, NATS, Cirium, Sarah Young, Padraic Halpin, Farouq Suleiman, Kate Holton, Alistair Smout, Alison Williams, Mike Harrison Organizations: British, Ryanair, Europe's, Air Traffic Services, REUTERS, Civil Aviation Authority, CAA, Border Force, Aviation, British Airways, Heathrow, Thomson Locations: Europe, Britain, Liverpool, England, Paris, Edinburgh, London, Stansted, NATS
Earlier in the day, Japan's weather bureau forecast the chances of an El Nino through the northern hemisphere winter at 90%. The World Meterological Organization had in May warned that the weather pattern could contribute to rising global temperatures. "In July, El Niño continued as indicated by above-average sea surface temperatures across the equatorial Pacific Ocean," the CPC said. Given recent developments, forecasters are more confident in a "strong" El Nino event, with roughly two in three odds of temperatures rising by about 1.5 degrees Celsius (2.7 degrees Fahrenheit) or more in November-January, it added. It was also expected to bring drier weather across West Africa, South-East Asia and northern South America, and wetter conditions to southern South America in the second half of the year.
Persons: Feisal Omar, El Niño, El Nino, Brijesh Patel, Anjana Anil, Seher Dareen, Bernadette Baum, Mark Potter Organizations: El Nino, REUTERS, Meterological Organization, CPC, El, India, Thomson Locations: Marodijeex, Hargeysa, Somalia's, Somaliland, U.S, Pacific, El, El Nino, Asia, Africa, West Africa, South, East Asia, South America, Bengaluru
An FBI veteran said his superiors suppressed investigations of Trump, Insider can exclusively reveal. Those figures, the statement claims, explicitly included "anyone in the [Trump] White House and any former or current associates of President Trump." The directions he received included a strict prohibition on filing intelligence reports relating to Giuliani or any other Trump associate. Even before the emergence of this new whistleblower, there has been ample evidence of individual FBI agents with pro-Trump partisan sympathies. Some FBI agents were reportedly satisfied by an assertion made by Trump's legal team that he'd turned over all his classified documents, and wanted to close the Mar-a-Lago government records investigation down.
Persons: Giuliani, Rudy Giuliani, Donald Trump, President Trump, Scott Horton, Robert Mueller, Trump, Pavel Fuks, Joe Biden, Giuliani wasn't, doesn't, Charles McGonigal, Spokespeople, Fuks, Christopher Wray, Donald Trump's Mar, Hunter Biden, insurrectionists, Jim Jordan, Biden, Jordan, Russell Dye, Dye, Jared Wise, , Trump's, James Comey, Peter Strzok —, he'd, Genius, Mattathias Schwartz Organizations: FBI, Trump, Trump White House, Service, White, Committee, Rolling Stone, New, GOP, Federal Government, Rep, Capitol, Capitol Police, Washington Post, Post, Justice Department Locations: Wall, Silicon, Russia, Ukrainian, York, New York, Fuks, Lago, Burisma, Anchorage, San Juan
FILE PHOTO-People gather at the BAE Systems' booth during the Association of the United States Army (AUSA) Global Force Symposium & Exposition in Huntsville, Alabama, U.S. March 28, 2023. REUTERS/Cheney Orr/File PhotoSummaryCompanies First-half EPS up 17%Sees full-year EPS 10%-12% higher, previous forecast 5%-7%Lifts interim dividend by 11%Shares up 5%LONDON, Aug 2 (Reuters) - Britain's biggest defence company BAE Systems (BAES.L) upgraded its guidance for 2023, forecasting annual earnings growth of 10%-12%, as governments spend more on military equipment in "an increasingly uncertain world". BAE Systems said its good operational performance plus the demand from its customers, the biggest of which are the United States, Britain, Saudi Arabia and Australia, meant its full-year results would be better than expected across the board. Shares in BAE Systems jumped 5% in early deals. For 2023, BAE said earnings per share would grow 10%-12%, compared to the 5%-7% increase it had forecast in February, while it also lifted sales guidance to 5%-7% growth from 3%-5%.
Persons: Cheney Orr, Charles Woodburn, Woodburn, Hargreaves, Aarin, Sarah Young, Paul Sandle, Kate Holton Organizations: BAE Systems, Association of, United States Army, Global, REUTERS, BAE, Thomson Locations: Huntsville , Alabama, U.S, United States, Britain, Saudi Arabia, Australia, Russia, Ukraine, Asia, Pacific, Europe, Czech Republic, Poland, Qatar, Christian
But so far, IAG had not seen "any weakness into Q3 and Q4", finance chief Nicholas Cadbury added. In May, it said it expected annual profit above 2.3 billion euros ($2.5 billion), and analysts' consensus forecast stands at 2.8 billion euros. For the three months to the end of June, the group recorded an operating profit before exceptional items of 1.25 billion euros, compared to the 895 million euros analysts were on average expecting. "These numbers will help push expectations for this year strongly through the 3 billion euro operating profit level," Goodbody analysts said. ($1 = 0.9106 euros)Reporting by Sarah Young; Editing by Kate Holton and Mark PotterOur Standards: The Thomson Reuters Trust Principles.
Persons: Luis Gallego, IAG, Nicholas Cadbury, Sarah Young, Kate Holton, Mark Potter Organizations: British Airways, Air France, KLM AIRF.PA, Ryanair, Aer Lingus, Thomson Locations: Iberia, Aer, IAG, Europe
Chipotle says its limited-edition Chicken al Pastor is boosting sales and attracting new customers. Chicken al Pastor was added to its menus in March, and according to CEO Brian Niccol, one in five customer orders at the chain now include the protein. "We've got a benefit because Chicken al Pastor has really shifted some of our customers from the more expensive beef into the less expensive chicken," CFO Jack Hartung said in an earnings call on Wednesday. Chicken al Pastor isn't just cheaper for Chipotle to make, it's also helping to attract new customers, the company said. Plus, it was a fairly straightforward dish to launch because it's made using Chipotle's existing adobo chicken, which is then mixed in an al pastor marinade.
Persons: Chipotle, al, , al Pastor, Brian Niccol, We've, Jack Hartung, Price, isn't, it's, marinade, morita, Niccol Organizations: Service, Bureau for Labor Statistics Locations: Wall, Silicon, Canada, Germany, France
Shares in the British company jumped 24% to 190 pence, the highest level since the start of the pandemic in March 2020. The company said it now expected profit this year of between 1.2 billion and 1.4 billion pounds ($1.6-1.8 billion), up from its previous guidance of between 800 million and 1 billion pounds. The market had been forecasting 934 million pounds. Chief Executive Tufan Erginbilgic, who joined the company in January, said his turnaround had started well, with progress already evident across the company. ($1 = 0.7755 pounds)Reporting by Paul Sandle and Sarah Young Editing by Kate Holton and Mark PotterOur Standards: The Thomson Reuters Trust Principles.
Persons: Tufan Erginbilgic, Bernstein, Paul Sandle, Sarah Young, Kate Holton, Mark Potter Organizations: Royce, British, Airbus, Boeing, Thomson Locations: Ukraine
CNN —Traditionally committed to national security, global stability and law and order, my Republican Party — yes, I am still a Republican — is now weakening on all three fronts. And House members who cling to his message in an effort to win primary voters may very well suffer defeat in a general election. And then there’s the hostility these GOP extremists are directing at law enforcement, traditionally a wellspring of Republican support. Committee Chairman Jim Jordan of Ohio and several equally exercised Republicans members attacked a “weaponized” bureau for serving as an anti-conservative attack dog. On this evidence, I’d say that the extremists are hurting, not helping, the national Republican Party.
Persons: Adam Kinzinger, Kinzinger, Adam Kinzinger CNN That’s, Joe Biden, Let’s, Ron DeSantis, Republican Sen, Tommy Tuberville, Tuberville, Tuberville’s grandstanding won’t, It’s, it’s, Vladimir Putin, Christopher Wray, Jim Jordan of, Jordan, , Wray, Donald Trump’s, Hunter, Matt Gaetz, FBI “, defund, Trump Organizations: CNN, Republican, Air National Guard, Republican Party, Adam Kinzinger CNN, GOP, National Defense, Defense Department, Pentagon, Pew Research Center, Republicans, Florida Gov, Senate, Defense, Reuters, Committee, FBI, Twitter, Trump Locations: Illinois, America, Washington ,, Georgia, Alabama, Ukraine, Russian, Jim Jordan of Ohio, Florida
LONDON, July 18 (Reuters) - King Charles will mark 400 years since William Shakespeare's plays were published in collective form on Tuesday, bringing actors and directors together to celebrate his love for the bard and a book hailed as one of the most important in English literature. Compiled by Shakespeare's friends seven years after his death, the Folio contained plays which had never before been published. Now he is sovereign, Charles, 74, wants to shape a monarchy fit for the future. He has been president of the Royal Shakespeare Company since 1991. At the Windsor Castle reception on Tuesday, actors will perform including Simon Russell Beale and Harriet Walter, two of Britain's greatest stage actors.
Persons: King Charles, William Shakespeare's, Shakespeare, Charles, Queen Elizabeth, Camilla, Julius Caesar, Macbeth, Ian McKellen, Judi Dench, Benedict Cumberbatch, David Tennant, Shakespeare's, Henry IV, Simon Russell Beale, Harriet Walter, Sarah Young, Alexandra Hudson Organizations: ROYAL, Royal Shakespeare Company, Alexandra Hudson Our, Thomson Locations: Windsor, Britain
European travellers are already on high alert over worries about air traffic control problems arising from both the reduced air space available due to the Ukraine war, plus staffing issues and industrial action at some locations. "Given the scale of the industrial action, disruption, delays and cancellations are inevitable across the airport," Unite said in its statement. Concerns over air traffic control delays already prompted easyJet to axe 2% of its summer flight schedule, mostly from Gatwick, on Monday. On the strike-affected days, 4,410 flights are due to depart from Gatwick, equating to over 840,000 potential passengers, according to aviation analytics firm Cirium. Britain's busiest hub, Heathrow Airport, agreed a pay deal with security workers in June, avoiding multiple days of walk-outs throughout the summer which had been planned by Unite.
Persons: EasyJet, easyJet, William James, Sarah Young, Sachin, Mark Potter Organizations: Gatwick, Menzies Aviation, DHL Services, Gatwick's, British Airways, DHL, Airlines, Financial Times, Heathrow Airport, Unite, Thomson Locations: Ukraine, London, TUI, Gatwick, Europe
FBI Director Christopher Wray expressed exasperation that House Republicans would think he's biased against conservatives. A more sympathetic GOP lawmaker expressed hope that Wray wouldn't leave the party after a contentious hearing. Wray also began to snap back, at one point expressing shock that anyone would suggest he's biased against conservatives. The onslaught led Rep. Ken Buck, a Colorado Republican, to quip that he hoped Wray wouldn't leave the party. The reception illustrates the fury many conservatives hold for the FBI and Wray.
Persons: Christopher Wray, Wray, Wray wouldn't, Joe Biden's, Matt Gaetz, Edgar Hoover, Harriet Hageman, Ken Buck, Buck, Donald Trump, Chris Christie's, General Michael Horowitz, John Durham's, Ron DeSantis, wouldn't, CNN's Jake Tapper Organizations: Republican, Service, Republicans, Florida Republican, Wyoming Republican, Colorado Republican, FBI, Justice Department, New, New Jersey Gov, Florida Gov, CNN, GOP, The Colorado Republican Locations: Wall, Silicon, Florida, Wyoming, Colorado, New Jersey, United States
LONDON, July 10 (Reuters) - Thames Water has become the poster child for a British water industry under fire for its poor environmental record and financial mismanagement. After a period as a listed company, Thames Water was acquired by German utility RWE (RWEG.DE) in 2001. Thames Water said on Monday they would provide 750 million pounds, and added it had strong liquidity of 4.4 billion pounds. FINANCESNearly 60% of Thames Water's debt is index-linked, according to ratings agency Standard & Poor's, saddling it with higher repayments as inflation soars. Thames Water was fined 3.3 million pounds last week, while Southern Water was fined 90 million pounds in 2021.
Persons: Margaret Thatcher's, Australia's Macquarie, Abu, Hermes, Ofwat, Sarah Young, Chiara Elisei, Emelia Sithole Organizations: Margaret Thatcher's Conservative, Water, Thames, Ontario, BT, China Investment Corp, Thames Water, Macquarie, Yorkshire Water, Severn Trent, United Utilities, The Times, Environment Agency, Southern Water, Thomson Locations: Britain, Here's, Abu Dhabi, Thames, Southern Water, United, England
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