Thames Water’s largest group of creditors is preparing to put more than a billion pounds on the table to help rescue Britain’s biggest water utility. It's understood that creditors holding about 13 billion pounds of Thames Water’s senior debt will propose injecting hundreds of millions in new equity and writing off a further chunk of existing capital. The extra package, worth roughly 1.25 billion in total, is expected to be […]

Rudy Giuliani is in hospital after a car crash in New Hampshire. The former New York mayor suffered a fractured vertebra, cuts and bruises, and injuries to his arm and leg after his rental car was struck from behind near Manchester on Saturday evening. His head of security, Michael Ragusa, said Giuliani is in good spirits and recovering well, insisting the incident was not a targeted attack and that nobody […]

Yemen’s Houthi rebel movement has confirmed that its self-proclaimed Prime Minister, Ahmed Ghaleb Nasser al-Rahawi, was killed in an Israeli air strike earlier this week. The Iran-backed group said several senior officials also died when the Israel Defense Forces struck Sanaa on Thursday. Israel described the attack only as hitting a “military target.” The Houthis have controlled much of north-west Yemen since 2014, when they ousted the internationally recognised government, […]