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Thames Water is navigating a financial crisis with two competing rescue packages from creditors. The UK’s largest water supplier, burdened by £15 billion in debt, is at risk of insolvency as it seeks to restructure its finances amid rising public discontent over pollution and high dividends.
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Following Donald Trump's election victory, U.S. markets have surged, with the S&P 500 and Dow Jones reaching record highs. Investors are optimistic about potential tax cuts and deregulation, while Bitcoin also hit a new peak. The Federal Reserve's recent interest rate cut further fueled market enthusiasm, marking a significant week for financial assets.
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Bitcoin's price has soared above $89,000 following Donald Trump's election victory, driven by expectations of a pro-cryptocurrency administration. The cryptocurrency has more than doubled in value over the past year, with other digital assets also experiencing significant gains amid hopes for favorable regulations.
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Thames Water has gained crucial backing from 75% of its Class A bondholders for a £3 billion emergency funding package, aimed at preventing its collapse. The company, burdened with £15 billion in debt, is seeking court approval for the deal, which could stabilize operations until late 2025.
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Billionaire Ken Griffin advises President-elect Donald Trump to adopt moderate immigration and tax policies. Griffin warns that aggressive tactics could harm the economy, emphasizing the importance of immigrants in the workforce. He also suggests Apollo CEO Marc Rowan for Treasury Secretary, highlighting the need for fiscal responsibility amidst rising national debt.