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Britain’s biggest water supplier Thames Water wins financial rescue
Thames Water, which supplies 15 million homes and businesses in London and elsewhere in southern England, has debts of almost £14 billion.
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UK considering taking over country’s biggest water supplier
Responding to reports of a possible renationalization, a government statement said Thames Water's present situation was "a matter for the company and its shareholders". -
Europe, UK edge closer to signing deal on financial services
Once it is signed by Brussels and London, it will create a framework for voluntary regulatory cooperation in the area of financial services between the EU and the UK. -
London seeks to keep Europe fintech crown despite Brexit
London, United Kingdom -- From digital bank Revolut to money-transfer group Wise and payments company Checkout, London is Europe's fintech champion and intends on keeping its crown. "Before Brexit, the UK was a great place" for the sector developing financial technology, Revolut's global head of government affairs, Adam Gagen, told UK... -
EU and Britain agree on Northern Ireland trade deal
Prime Minister Rishi Sunak and European Commission president Ursula von der Leyen adopted the deal at a meeting in Windsor, west of London. The deal follows more than a year of tense talks over the "Northern Ireland Protocol", which has unsettled the province 25 years on from a historic peace... -
Two years after EU exit, UK business feels Brexit blues
Complicating matters has been the loss of EU workers in sectors such as health, hospitality and agriculture, even if some of those returning home have been replaced by staff from non-EU countries. Witnessing the fallout, some high-profile bosses who voted for Brexit are calling on the government to relax the... -
Britain eyes digital trade accord with Ukraine, boost in bilateral relations
Britain's Trade Secretary Kemi Badenoch and Ukrainian Economy Minister Yulia Svyrydenko will meet in London to unveil the deal, the government said in a statement. "Trading digitally is particularly important in the current conflict, where damage to Ukrainian infrastructure and warfare makes it much harder to trade physically," the statement... -
Liz Truss becomes new UK PM, Johnson pledges support
She faces a daunting to-do list, with the UK in the grip of its worst economic crisis in decades, with double-digit inflation and skyrocketing gas and electricity bills. Truss, who touts herself as a free-market liberal, has promised tax cuts to stimulate growth, despite warnings that greater borrowing could make... -
Do structural reforms attract FDI?
As regional bourses aim to compete with developed markets, questions are also being raised over the state of reforms, the future of regulation in the region. -
FB ad policy irks Iraq NGO
Facebook has been mired in global controversies for its ad policies. -
Nobel-winning Gurnah vows to keep talking migration
The novelist won the literature's top award for his unflinching portrayal of their effects on the refugee experience. -
UK to build new ‘national flagship’ to promote post-Brexit trade
The ship will provide a global platform for trade negotiations and British businesses' products The ship's construction likely to begin in 2022 and be completed within 4 years Britain will build what it is calling a new "national flagship" vessel to host trade events and promote its post-Brexit interests around... -
Which city remains Middle East’s favorite for real estate investments
Middle East investors have always been interested in the real estate market of the British city of London but lately the investment has seen a dramatic upsurge. According to market reports, billions have been poured in by regional investors in commercial as well as luxury residential properties in London and...