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Thames Water lenders submit rescue plan to stave off collapse
Thames Water’s lenders have submitted a new rescue plan to prevent the UK’s largest water company from collapsing. London & Valley Water, a consortium of large financial institutions and investors, has submitted proposals which include writing off about a third of the company’s near £20bn debt pile and investing an initial £5.4bn to stablise the…
Honey, I shrunk the data centres: Is small the new big?
Zoe KleinmanTechnology editor AFP via Getty Images Large numbers of vast data centres continue to be build around the world One day the mighty data centre could be toppled into obsolescence by the humble smartphone, said Perplexity CEO Aravind Srinivas on a recent podcast. Speaking to host Prakhar Gupta, the AI chief argued that people…
Worcestershire charity starts ‘new chapter’ with larger premises
A charity in Worcestershire has entered an “exciting new chapter” after opening its new, larger premises. The Droitwich Community Pantry and Fridge, which aims to tackle food waste, has moved to the Berry Hill Industrial Estate, Droitwich. His Majesty’s Lord Lieutenant of Worcestershire Beatrice Grant, MP for Droitwich and Evesham Nigel Huddleston, and the Mayor…
Spat deepens between Elon Musk and Ryanairs OLeary
Elon Musk has suggested he could buy Ryanair and called for its chief executive to be fired amid a deepening spat between the pair. The budget airline on Tuesday branded the Tesla chief executive an “idiot”, and used the extraordinary row to promote its January sale. Musk and Ryanair boss Michael O’Leary have been trading…
Water companies told to refund £260m to customers.
Mark Poynting,Climate and science reporter, BBC News and Jonah Fisher,Environment correspondent PA Media England and Wales’ water companies have been ordered to refund more than £260m to customers for poor performance. The economic regulator Ofwat says 40% of that money has already been taken off this year’s bills, with the rest to come off next…
