Moody’s changes outlook on firm from stable to negative as financial plans ‘do not provide attractive risk-return balance’ Thames Water’s debt has been downgraded as the struggling utility company seeks to secure £3bn in emergency funding to stave off collapse, after it emerged that the government has approached potential administrators. The rating agency Moody’s downgraded…
Italy’s bailed-out Monte dei Paschi di Siena on Friday launched a 13.3 billion euro all-share takeover offer for larger domestic peer Mediobanca.
Pyongyang said to be planning to increase support despite high casualties among estimated 11,000 already sent North Korea is preparing to send more soldiers to fight in the Ukraine war, military officials in South Korea have said, despite reports of heavy casualties among troops from the communist state who have already been sent to the…
President says he could make a deal with America’s biggest economic rival because ‘we have a pot of gold’ Nick Brown, the Washington state attorney general, spoke outside after a federal judge temporarily blocked Donald Trump’s executive order redefining birthright citizenship. “We came to the courthouse today to defend the United States constitution. To defend…
Agreement to make reactors for Royal Navy will create more than 1,000 jobs and safeguard 4,000 other roles The British engineering company Rolls-Royce has struck its biggest ever deal with the Ministry of Defence with a £9bn contract to make nuclear submarine reactors for the Royal Navy. The government said the deal, which will create…
After stepping in to restore TikTok in the U.S. and delaying a law that would effectively ban the app, Trump is looking for avenues to keep the popular platform afloat.
Survivors, rescuers and families of the dead and missing say they have been abandoned — branded as criminals for trying to survive, then left to starve.
Burberry on Friday reported a shallower-than-expected dip in sales in the fiscal third quarter, in the first glimpse of fresh efforts to revamp the beleaguered British fashion house.
Flights cancelled, schools closed and millions told to stay amid record gusts, snow and heavy rain Storm Eowyn live – latest updates Flights have been delayed, roads closed and ferry services cancelled as 100mph (160km/h) winds pose a danger to life in parts of the UK on Friday morning. Rail services were suspended, with rare…
After Trump said he would “demand that interest rates drop immediately,” the 2-year Treasury yield edged lower and stocks ticked up.
