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☆ US SEC scraps contentious pricing proposal in final money market fund reforms
▼ + stars: | 2023-07-12 | by ( John Mccrank | ) www.reuters.com time to read: +3 min

Money market funds saw massive outflows in March 2020 at the onset of the COVID-19 pandemic, prompting the U.S. government to intervene to stabilize them. The panic was reminiscent of 2008 when a run on money market funds threatened to freeze up global markets and prompted the government to backstop the sector. Critics have said money market funds, which are a key source of short-term corporate and municipal funding, now enjoy an implicit government guarantee. In December 2021, the SEC proposed new liquidity requirements for money market funds, as well as scrapping redemption fees and restrictions. "I believe that liquidity fees, compared with swing pricing, offer many of the same benefits and fewer of the operational burdens."

Persons: Gary Gensler, John McCrank, Douglas Gillison, Michelle Price, Nick Zieminski, Emelia Organizations: YORK, U.S . Securities, Exchange Commission, SEC, BlackRock, Vanguard, Fidelity, U.S, Securities Industry, Financial Markets Association, Investment Company Institute, U.S . Chamber of Commerce, Thomson

Tucker told officials an "ice-breaking" spirit adopted by British businesses historically would help the UK and China overcome challenges and geopolitical tensions, a bank statement published on Wednesday said. HSBC will make key investments in its asset management arm in China this year, including launching new teams dedicated to green assets and fixed income, the first of the two sources and a third source with knowledge of the matter said. HSBC has stepped up expansion in China despite criticism from some lawmakers in the West of the bank's conduct in the region. HSBC said last week it was "open to opportunities" to expand its businesses in China, after its local partner put a 31% stake in its HSBC Jintrust Fund Management joint venture on the block. HSBC's green finance push builds on its acquisition of Hong Kong-based specialist asset manager Green Transition Partners in January, when the bank said it planned to grow its green infrastructure services across the Asia-Pacific region.

Persons: Mark Tucker, Tucker, Xi Jinping, HSBC's Tucker, Noel Quinn, Iain Withers, Sinead Cruise, Selena Li, Mark Potter Organizations: HSBC, Ping An Insurance, Morningstar, Beijing, Credit Suisse, UBS, Reuters, HSBC Jintrust Fund Management, Green Transition Partners, Hong, Thomson Locations: HONG KONG, China, Beijing, Asia, Western, West, Hong Kong, Pacific, London

☆ Explainer: Why is the U.S. SEC reforming money market funds?
▼ + stars: | 2023-07-12 | by ( Michelle Price | ) www.reuters.com time to read: +3 min

WHAT ARE MONEY MARKET FUNDS? All the major asset managers and bank groups, including BlackRock, Vanguard, Fidelity and Goldman Sachs offer money market funds. The panic was reminiscent of 2008 when a run on money market funds threatened to freeze up global markets and prompted the government to backstop the sector. The agency has made changes to primarily address concerns about “prime” and tax-exempt money market funds, which are particularly susceptible to runs in times of stress. In addition, some money market funds would be required to impose a discretionary liquidity fee if the fund’s board deems it's necessary.

Persons: Goldman Sachs, It's, Michelle Price Organizations: U.S . Securities, Exchange Commission, SEC, U.S, Vanguard, Fidelity, U.S . Treasury, Treasury, Federal Reserve, redemptions, Thomson Locations: BlackRock

☆ Flooding threatens Vermont's capital as crews rescue more than 100
▼ + stars: | 2023-07-11 | by ( ) www.cnbc.com time to read: +8 min

Emergency services work following flooding, in Montpelier, Vermont, July 11, 2023 in this still image taken from video obtained from social media. A person rows a paddle board in a flooded area in Montpelier, Vermont, July 11, 2023. A vehicle makes its way through a flooded street, in Montpelier, Vermont, July 11, 2023, in this picture obtained from social media. There have been no reports of injuries or deaths related to the flooding in Vermont, where swift-water rescue teams aided by National Guard helicopter crews have done more than 100 rescues, Vermont Emergency Management said Tuesday. Emergency services work following flooding, in Montpelier, Vermont, July 11, 2023 in this still image taken from video obtained from social media.

Persons: Neal P, Goswami, Brian Snyder, Irene, Phil Scott, Scott, Mike Cannon, Bill Fraser, Eric Nordenson, John Montes, Reuters Syd Straw, Joe Biden, Dennis Pinkham, Karine Jean, Pierre, Maggie Lenz, Pamela Nugent, Kathy Hochul Organizations: Reuters, City, National Guard helicopter, Vermont Emergency Management, New Hampshire, Vermont Urban, Montpelier Police, City Hall, Police, National Weather Service, NATO, Federal Emergency Management Agency, Reuters FEMA, White, The U.S . Military Academy, West, New York Gov Locations: Montpelier , Vermont, Vermont, Montpelier, New York, New, Massachusetts, Canada, U.S, Barre, John Montes ,, Northern New England, New England, Connecticut, New Hampshire, Weston, Hartford, Lithuania, Massachusetts , Connecticut, Montpelier and Middlesex, North Carolina , Michigan, Hudson Valley, Fort Montgomery, The, Highland Falls, Hudson

☆ Conservative Feijoo emerges as winner from debate ahead of Spanish election
▼ + stars: | 2023-07-11 | by ( ) www.reuters.com time to read: +3 min

MADRID, July 11 (Reuters) - Spanish opposition leader Alberto Nunez Feijoo, leader of the conservative People's Party (PP), won an ill-tempered televised debate on Monday night ahead of an election later this month, a poll published by El Mundo newspaper indicated on Tuesday. With Feijoo leading in polls before the July 23 election, the onus was on Prime Minister Pedro Sanchez, a Socialist, to go on the attack. About 54% of voters thought Feijoo won the debate compared to 46% for Sanchez, according to the Sigma Dos survey for El Mundo. It found that 22% of people who voted for the Socialists in the past election felt Feijoo had won the debate while only 6% of PP voters assigned the victory to Sanchez. The expectation is that the election at the height of the summer holiday season will also suffer from a lack of engagement.

Persons: Alberto Nunez Feijoo, Feijoo, Pedro Sanchez, Sanchez, Josep Marti Blanch, Vox, Spain's, GAD3, Barlovento Comunicacion, Charlie Devereux, Andrei Khalip, Angus MacSwan Organizations: People's Party, El Mundo, Sigma, Socialists, ABC, Atresmedia, Thomson Locations: MADRID, Spanish, La Vanguardia, Europe, Italy, Spain

☆ Kosovo moves to lower tensions in Serb majority area
▼ + stars: | 2023-07-11 | by ( ) www.reuters.com time to read: +1 min

Violence in north Kosovo, where 50,000 Serbs live and form a majority, erupted in late May after Albanian mayors took office following an election boycotted by Serbs demanding implementation of a decade-old deal for more autonomy. NATO said 93 of its peacekeeping soldiers had been injured in clashes with Serb protesters, some of them severely, on May 29. Doctors in the north said 52 Serbs were also injured. The United States and European Union, Kosovo's main allies, have mainly blamed nationalist Prime Minister Albin Kurti for tensions in the north. Reporting by Fatos Bytyci; Editing by Stephen CoatesOur Standards: The Thomson Reuters Trust Principles.

Persons: Kosovo's, Albin Kurti, Fatos Bytyci, Stephen Coates Organizations: NATO, EU, European Union, Kosovo, Thomson Locations: PRISTINA, Kosovo, Serbs, United States, Pristina, Brussels

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

Thames Water, weighed down by 14 billion pounds of debt and under pressure over its environmental record, had told shareholders it needed 1 billion pounds to help fund its turnaround. British ministers have been monitoring Thames Water amid fears it could need a government rescue if shareholders refused to invest more. "Shareholders have also acknowledged that delivery of the turnaround plan is likely to require the provision of further equity support," Thames Water said. The 750 million pound investment is subject to Thames Water improving the business plan underpinning its turnaround, it said. Core earnings (EBITDA) fell 3% to 1.1 billion on revenue which grew 4% to 2.3 billion pounds.

Persons: Ian Marchant, Sarah Young, Kate Holton Organizations: Water, Thames, China Investment Corp, Thomson Locations: Ontario

☆ Thames rescue looks far from watertight
▼ + stars: | 2023-07-10 | by ( ) www.reuters.com time to read: +2 min

LONDON, July 10 (Reuters Breakingviews) - Thames Water is stepping back from the brink, a little bit. Shareholders, led by Canada’s Ontario Municipal Employees Retirement System, have now agreed to pony up 750 million pounds. They’ve also acknowledged even more will be allowed over the next regulatory review period between 2025 and 2030. Bonds issued by Thames’ holding company, Kemble, rose as much as 10 percentage points following the news. That depressed price suggests there’s a long way to go before Thames is on dry land.

Persons: They’ve, Bonds, Kemble, Neil Unmack, George Hay, Oliver Taslic Organizations: Reuters, Canada’s, Thames, Twitter, Thomson Locations: Canada’s Ontario, Thames, China

☆ Thames Water: Why Britain's water industry is struggling with sewage spills, huge leaks and crushing debts
▼ + stars: | 2023-07-08 | by ( Hanna Ziady | ) edition.cnn.com time to read: +8 min

The UK water sector is “clearly in a state of multiple crises,” said Dieter Helm, a professor of economic policy at the University of Oxford. Thames Water in troubleThe industry’s long-running problems have been thrust into the spotlight by a looming cash crunch at Thames Water, which serves 15 million people in London and the southeast of England. An aerial view of a Thames Water sewage treatment works in west London. A screen displays real-time notifications of sewage leaks into waterways in the region controlled by Thames Water in January 2023. Will Thames Water be nationalized?

Persons: ”, Dieter Helm, “, ” Helm, Ofwat, Abu Dhabi, David Black, Ben Stansall, Iain Coucher, they’ve, ” Black, Margaret Thatcher’s, David Hall, Leon Neal, ” Hall, Sarah Bentley “, Maureen McLean, Helm Organizations: London CNN —, University of Oxford, CNN, Thames, Getty, Yorkshire Water, Margaret Thatcher’s Conservative, Public Services International Research Unit, University of Greenwich, Thames Water, Ontario, BBC Locations: England, Wales, London, China, Abu, AFP, Yorkshire, Windsor, UK

☆ China's northern cities brace for more torrid heat
▼ + stars: | 2023-07-06 | by ( ) www.reuters.com time to read: +2 min

[1/3] A man pulls a cart carrying jugs of water amid the orange alert for heatwave, at a hutong alley in Beijing, China July 5, 2023. The torrid heat has gripped China for several weeks, pushing local governments to ask residents and businesses to curb the usage of electricity. It is expected that the maximum temperature in most areas of the city will rise above 40 degrees Celsius, according to the state-backed Beijing Daily. The meteorological observatory in northern Hebei province also issued a red alert, with temperatures in some areas expected to reach 40-43 Celsius on Thursday. China's Meteorological bureau issued orange alerts, the second highest alert, in mostly northern China with temperatures expected to hit 40 degree Celsius and above.

Persons: Tingshu Wang, Bernard Orr, Ella Cao, Michael Perry Organizations: REUTERS, Beijing Daily, China's Meteorological, Beijing Municipal Bureau of Culture, Tourism, Thomson Locations: Beijing, China, Tingshu Wang BEIJING, Hebei province, North China, Mongolia, Shaanxi, Henan, Shandong, Chongqing

☆ Philadelphia mass shooting suspect arraigned on five murder charges
▼ + stars: | 2023-07-05 | by ( Brendan O'Brien | ) www.reuters.com time to read: +4 min

July 5 (Reuters) - A Philadelphia resident arrested in one of a series of mass shootings across the county over the Fourth of July weekend was arraigned in court on Wednesday on five murder counts and other charges, online court records showed. The suspect, identified as 40-year-old Kimbrady Carriker, made an appearance in Philadelphia County Municipal Court for an arraignment on charges that also included four counts of attempted murder plus reckless endangerment and aggravated assault charges, court records showed. Another mass shooting occurred in Salisbury, Maryland during a block party. The rash of gun violence over the last several days is part of a surge in mass shootings in the United States since the beginning of the COVID-19 pandemic in 2020. As of Wednesday, 351 mass shootings have taken place across the country so far this year.

Persons: Carriker, Larry Krasner, Krasner, Angie Willhite, James Alan Fox, Fox, Brendan O'Brien, Rich McKay, Kanishka Singh, Mark Porter, Chris Reese Organizations: Philadelphia, Philadelphia County Municipal Court, CNN, Authorities, Shreveport police, Northeastern University, Washington D.C, Thomson Locations: Philadelphia County, Philadelphia, Shreveport , Louisiana, Shreveport, Louisiana, Baltimore, Salisbury , Maryland, United States, Chicago, Atlanta, Washington

☆ Tensions on France's streets ease, fewer arrests overnight
▼ + stars: | 2023-07-03 | by ( ) www.reuters.com time to read: +2 min

The interior ministry said 157 people were arrested overnight, down from over 700 arrests the night before and over 1,300 on Friday night. Three of the 45,000 police officers deployed overnight were injured, the ministry said, while around 350 buildings and 300 vehicles were damaged, according to provisional figures. The grandmother of Nahel, the teenager shot dead by police during a traffic stop in a Paris suburb, said on Sunday she wanted the nationwide rioting triggered by his killing to end. "We were modest, we hadn't have much, but we wanted to overcome it, we had hope that we would make it with hard work." At this stage, everything indicates the people who attacked his home were youths from the same suburb, he added.

Persons: Emmanuel Macron, Nahel, Vincent Jeanbrun, Jeanbrun, BFM, Les Republicains, Tassilo Hummel, Lincoln, Alison Williams Organizations: Thomson Locations: France, North, Paris, l'Hay, L'Hay

☆ Spain's conservative PP party, ally Vox lose ground, still ahead as election looms - polls
▼ + stars: | 2023-07-03 | by ( ) www.reuters.com time to read: +2 min

The conservative People's Party (PP) and the far-right party Vox, a potential coalition ally, would still win enough seats for an absolute majority in the 350-member lower house, two polls released on Monday showed. All polls have found the PP would need support from Vox to form a government. The PP would win between 150 and 154 seats, according to a GAD3 poll for ABC newspaper carried out on June 29-30. An earlier GAD3 poll conducted between June 5 and June 8 had given the PP between 150 and 153 seats. A third poll by 40DB, hired by El Pais newspaper, showed PP and Vox falling short of the 176 seats required for an absolute majority.

Persons: Vox, Pedro Sanchez, Podemos, GAD3, El, 40DB, Inti Landauro, Charlie Devereux, Gareth Jones Organizations: Socialists, PSOE, People's Party, Vox, Sumar, ABC, IMOP, El Pais, Thomson Locations: MADRID, 40DB's

☆ Brazil’s Jair Bolsonaro is barred from running for office until 2030
▼ + stars: | 2023-07-01 | by ( ) www.cnbc.com time to read: +6 min

Former Brazilian President Jair Bolsonaro leaves his home following a search operation, in Brasilia, Brazil May 3, 2023. Far-right former Brazilian President Jair Bolsonaro was barred Friday from running for office again until 2030 after a panel of judges concluded that he abused his power and cast unfounded doubts on the country's electronic voting system. Five judges on the nation's highest electoral court agreed that Bolsonaro used government communication channels to promote his campaign and sowed distrust about the vote. Speaking to reporters in Minas Gerais, Bolsonaro lamented that the trial was unfair and politically motivated. Brazilian law forbids candidates with criminal sentences from running for office.

Persons: Jair Bolsonaro, Bolsonaro, Carlos Melo, Judge Carmen Lucia —, —, Alexandre de Moraes, Melo, Fernando Collor de Mello, Luiz Inácio Lula da Silva, Sen, Sergio Moro, Maria Maris, Maris, Lula, Swift jailing, Gleisi Hoffmann, mongers, Donald Trump, Marie Santini, Katia Caminha, Caminha, Bolsonaro's, Thomas Traumann, didn't, Traumann Organizations: Insper University, Liberal Party, Federal, Lula's Workers ' Party, Federal University of Rio, Bolsonaro, Associated Press, Sao Paulo Locations: Brasilia, Brazil, Sao Paulo, Minas Gerais, Rio de Janeiro, Federal University of Rio de Janeiro, Rio de, Copacabana, Sao, decamp, Florida

☆ Spain's conservative PP party makes gains a month ahead of national vote, poll shows
▼ + stars: | 2023-07-01 | by ( ) www.reuters.com time to read: +1 min

MADRID, July 1 (Reuters) - Spain's conservative People's Party is set to win the most seats in the lower house of parliament in a national election next month, ahead of the ruling Socialist Workers' Party (PSOE), a poll released by El Mundo newspaper showed on Saturday. The survey, carried out between June 26 and 30, showed the PP widening its lead over Prime Minister Pedro Sanchez's PSOE, pollster Sigma Dos said. The poll estimated that the PP would get between 140 and 143 seats in the 350-member lower house, up from 140 in the previous poll held between June 16 and 23. The PSOE would get between 102 and 105 seats, it showed, compared with 102 in the previous survey. The far-right Vox party, the PP's likeliest post-election ally, would get 34-36 seats, compared with 35 seats previously.

Persons: Pedro Sanchez's, pollster Sigma Dos, Podemos, Sanchez, Jessica Jones, Alex Richardson Organizations: People's Party, Socialist Workers ' Party, PSOE, El Mundo, Pedro Sanchez's PSOE, pollster, Vox, Thomson Locations: MADRID

☆ Cautious optimism drives inflows to U.S. equity funds amid positive growth outlook
▼ + stars: | 2023-06-30 | by ( ) www.reuters.com time to read: +2 min

June 30 (Reuters) - U.S. equity funds attracted inflows during the week ending June 28, buoyed by positive growth expectations as robust economic indicators eased concerns about higher borrowing costs. Investors purchased U.S. equity funds of a net $2.1 billion after disposing of about $16.5 billion worth of funds in the previous week, data from Refinitiv Lipper showed. Consequently, U.S. growth funds witnessed inflows of $1.1 billion, rebounding from the $3.1 billion outflows reported the previous week. Reuters Graphics Reuters GraphicsBreaking down the data by size, U.S. large-cap, multi-cap, and small-cap equity funds experienced net inflows of $6.1 billion, $1 billion, and $121 million, respectively. Specifically, U.S. taxable bond funds saw outflows of $2.19 billion, while municipal bond funds recorded net selling of $289 million.

Persons: Lipper, Gaurav Dogra, Chizu Organizations: Investors, Reuters Graphics Reuters, Investor, Thomson Locations: U.S, Patturaja, Bengaluru

☆ Thames Water's turnaround plan backed by investor USS
▼ + stars: | 2023-06-30 | by ( ) www.reuters.com time to read: +1 min

LONDON, June 30 (Reuters) - Universities Superannuation Scheme (USS), one of the largest investors in Thames Water, has given its support to Britain’s biggest water supplier after the abrupt departure of its CEO raised concerns about its viability. The British government is considering temporary state ownership of the company, which supplies a quarter of British households, if it cannot raise more funds to drive its turnaround. “We have given our backing to Thames Water’s turnaround plan and Net Zero roadmap and engage with them regularly to support their long-term strategy,” USS group CEO Bill Galvin said on Friday in a note to its sponsoring employers. Thames Water is struggling with 14 billion pounds ($17.8 billion) of debt and has failed to meet customer and environmental targets, including stemming the flow of raw sewage into rivers. ($1 = 0.7876 pounds)Reporting by Carolyn Cohn; Writing by James Davey; Editing by Daniel WallisOur Standards: The Thomson Reuters Trust Principles.

Persons: Bill Galvin, ”, USS’s Galvin, Carolyn Cohn, James Davey, Daniel Wallis Organizations: Thames, System, China Investment Corp, Thomson Locations: Thames, Ontario

☆ A Delaware city wants to let businesses vote in its elections. It just cleared a key hurdle, but it’s faced pushback
▼ + stars: | 2023-06-30 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +7 min

Letting businesses vote in municipal elections dilutes the voice of the citizenry and “puts the idea that corporations are people on steroids,” said its executive director, Claire Snyder-Hall. Seaford proposal meets resistanceThe latest Delaware municipality to propose letting businesses vote in its local elections is the city of Seaford, with roughly 8,500 residents. Grenshaw said he never expected that to be a problem, since four other municipalities had no trouble getting approval for their decision to let businesses vote in the past. How influential could that be in future Seaford elections? The city clerk’s office would conduct a series of annual cross-checks to ensure that a business currently owns property in the city.

Persons: “, ”, Claire Snyder, Seaford Mayor David Grenshaw, ” Grenshaw, Grenshaw, Snyder, Hal Weitzman, Weitzman Organizations: CNN, Hall, DuPont, Seaford Mayor, Verizon, Delaware General Assembly, The News, Rich, University of Chicago’s Booth School of Business, Fortune Locations: United States, Delaware, Seaford, it’s, America

☆ China's economic recovery is 'doomed to fail' as Beijing shifts away from investment, think tank experts say
▼ + stars: | 2023-06-29 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

China's economic recovery is practically doomed, experts from the Council of Foreign Relations said in an op-ed. The Chinese government has launched a plan for consumption-led growth, meaning the nation will shift away from investment. Meanwhile, 43% of China's economy is driven by investment – about double the US's long-run average of 22%. Experts have warned of trouble for China's economy as it sees a so-far disappointing economic rebound. Investors, meanwhile, have pulled their cash out of China at a faster pace as they lose faith in its grand economic reopening.

Persons: —, Xi Jinping, Zongyuan Zoe Liu, Benn Steil, Xi, Liu, Steil Organizations: of Foreign Relations, Service, Foreign Affairs, Council, Foreign Relations, Investors Locations: York, Xi's China, Beijing, China

☆ Unrest erupts for third day in France over police shooting of teen, thousands hold vigil
▼ + stars: | 2023-06-29 | by ( ) www.cnbc.com time to read: +2 min

Television images showed protests setting up road barricades and hurling projectiles at lines of police, who fired back with tear gas. Earlier, Macron held a crisis meeting with senior ministers over the shooting. Prime Minister Elisabeth Borne afterwards dismissed calls from some political opponents for a state of emergency to be declared. "The response of the state must be extremely firm," Darmanin said, speaking from the northern town of Mons-en-Baroeul where several municipal buildings were set alight. The local prosecutor said the officer involved had been put under formal investigation for voluntary homicide.

Persons: Emmanuel Macron, Macron, Elisabeth Borne, Gerald Darmanin, Darmanin Organizations: Protesters, Interior Locations: Parisian, Nanterre, North, Paris, Mons, France

☆ Texas Heat Wave 2023: How to Prevent Power Outages - The New York Times
▼ + stars: | 2023-06-29 | by ( Michael E. Webber | ) www.nytimes.com time to read: +2 min

As of 2021, that program included about 43,000 controllable thermostats that help make a small dent in peak demand. Utilities have a lot to gain from these programs, including more control over the grid and avoiding the costs and many years involved with building new power plants. And we all benefit from the emissions and fuel costs we avoid by not having to fire up backup power plants in a heat wave. We have designed our system to ramp power plants up and down to deal with peak demand. But we need to flip our thinking — we need to adjust demand to the capacity of the power plants.

Persons: they’re, you’re Organizations: Utilities Locations: Austin , Texas, Austin, United States

☆ Ex-Social Worker, 32, Pretended to Be a Boston High School Student, Police Say
▼ + stars: | 2023-06-29 | by ( Eduardo Medina | Rebecca Carballo | ) www.nytimes.com time to read: 1 min

At English High School, she went by Ellie. At Jeremiah E. Burke High School, she introduced herself as Daniella. But the authorities have now learned that Ellie and Daniella were the aliases for Shelby Hewitt, a 32-year-old former state social worker who they say posed as a high school student at three Boston public schools — where she gossiped with teenagers during lunch and complained about homework. On Tuesday, she was charged with three counts of forgery of documents, two counts of false writing and one count of identity fraud in West Roxbury Division Boston Municipal Court, records show. Ms. Hewitt — who enrolled under different aliases in the 2022-2023 school year at English, Jeremiah E. Burke, and Brighton High schools by forging paperwork — had not been arrested as of Thursday, according to the Boston Police Department, which declined to answer questions about the case.

Persons: Ellie, Jeremiah E, Daniella, Shelby Hewitt, Hewitt —, Burke, — Organizations: English High School, Burke High School, —, West Roxbury Division, West Roxbury Division Boston Municipal Court, Brighton High, Boston Police Department Locations: Boston, West Roxbury, West Roxbury Division Boston

☆ UK water meltdown resurrects bank crisis dilemmas
▼ + stars: | 2023-06-29 | by ( Neil Unmack | ) www.reuters.com time to read: +7 min

The government may take over heavily indebted Thames Water, a hapless privately held utility unable to fund capital needs that may stretch to 10 billion pounds. Under Macquarie’s (MQG.AX) ownership, which lasted from 2006 to 2016, Thames’ debt rose to over 80% of RCV. They’re issued through a vehicle called Thames Water Utilities Finance. Thames Water CEO Sarah Bentley resigned abruptly on June 27. Thames shareholders, led by Ontario Municipal Employees Retirement System, committed in 2022 to provide 1.5 billion pounds of extra funds.

Persons: Ofwat, Rishi Sunak, Gordon Brown, Kemble, They’re, Sarah Bentley, “, George Hay, Oliver Taslic Organizations: Reuters, Royal Bank of Scotland, Thames, Ontario, Thames ’, Guardian, UK, RBS, Investors, Water Utilities Finance, Yorkshire Water, SES Water, Sky News, Thames Water, Thomson Locations: –, Thames, Yorkshire, Britain’s

DIRTY BEACHESClean water campaign groups accuse the water companies of failing to invest in infrastructure. She was replaced by two co-chief executives, Chief Finance Officer Alastair Cochran and former Ofwat boss Cathryn Ross, who has been at Thames Water since 2021. Jefferies analysts said Britain's listed water operators Severn Trent (SVT.L), Pennon Group (PNN.L) and United Utilities (UU.L) were better capitalised than Thames Water, but the issues with the largest company meant a "heightened regulatory environment". Daily headlines about rivers and beaches polluted by sewage released by water companies look set to turn water into a major issue at the next general election, expected next year. Thames Water said in its annual report in October that it had not paid a dividend to its shareholders for the last five years.

Persons: Rishi Sunak's, Jeremy Hunt, Sarah Bentley, Alastair Cochran, Cathryn Ross, Alix, Ofwat, Australia's Macquarie, Sarah Young, Paul Sandle, Radhika Anilkumar, David Evans, Mark Potter Organizations: Company, British, Sky News, Conservatives, Thames, Times, Ontario, China Investment Corp, Water, Alix Partners, Daily Telegraph, Jefferies, Trent, Pennon, United Utilities, Environment Agency, Financial Times, Thomson Locations: England, Wales, Britain, Thames

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