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Why is Thames Water in so much trouble?

The entire water and waste sector was privatised 34 years ago under the late Margaret Thatcher’s Conservative government for £7.6bn. At the time, Mrs Thatcher wrote off the industry’s £5bn debt, leaving companies with a clean slate and gave them £1.5bn in public money. The government had wanted to privatise the industry in 1984 but […]

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‘The Apprentice,’ Starring Donald Trump, Begins Streaming on Amazon

Amazon is deepening its relationship with President Trump. Amazon Prime Video announced on Monday that multiple seasons of “The Apprentice,” the 2000s reality series that helped raise Mr. Trump’s profile on a national stage, would soon be available on the streaming service. The show’s first season, which premiered in 2004, is available on Prime Video […]

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Delta Air Lines Lowers Profit Outlook on Weaker Demand

Delta Air Lines on Monday cut its financial forecast for the first three months of the year, saying that growing economic concerns among businesses and consumers had lowered demand for domestic travel. The airline’s warning was the latest sign that the U.S. economy, or at least perceptions of it, have been weakening in part because […]

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US stocks plunge as fears grow over impact of tariffs

US stocks plunged on Monday as fears grew over an economic slowdown, after President Donald Trump did not rule out his tariffs triggering a recession. The Nasdaq sank by 4.0% at the close of trading, its largest single-day loss since 2022, and there were heavy losses on other markets with tech stocks seeing the largest […]

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Trump Has Said ‘No Exceptions’ to His Tariffs. Will That Last?

As he prepares to introduce new tariffs on foreign metals this week, President Trump has vowed not to grant the types of exclusions and exemptions that were common during his first trade war. But he has already undercut that tough position on other tariffs. After lobbying from automakers, farmers and other industries, Mr. Trump quickly […]

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Eric Schmidt Joins Relativity Space as C.E.O.

For a decade, Eric Schmidt ran Google as chief executive and as the “adult” in the room, mentoring the internet company’s young founders, Larry Page and Sergey Brin. In 2011, Mr. Schmidt handed control of Google back to Mr. Page. He has not taken another C.E.O. job since. But on Monday, Mr. Schmidt told employees […]

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