Business

Thames Water Secures Emergency Loan to Restructure Debt

Thames Water secures emergency loan of up to £3 billion from senior creditors, including Elliott Management, Silver Point, and Pimco. The loan provides breathing space for the UK's largest water and sewer company to negotiate a major restructuring with its lenders.

Published on: February 18, 2025, 11:00 AM UTC

Is the Future Bleak for Low-Cost Airlines?

Airline industry experts discuss the challenges facing low-cost carriers amid rising costs and changing passenger preferences. Industry giants like Southwest are adopting new strategies, while JetBlue's recent outlook has disappointed investors.

Published on: February 18, 2025, 10:01 AM UTC

Thames Water Gets Respite as London Court Approves Rescue Loan

London court approves rescue loan for Thames Water, giving it breathing room in restructuring talks with lenders.

Published on: February 18, 2025, 10:00 AM UTC

Evan Turner's Financial Freestyle: From NBA Contract to Retirement

Former NBA player Evan Turner shares his biggest financial mistake and how he bounced back. Learn how he managed his millions and set up a secure financial future for his family.

Published on: February 18, 2025, 09:02 AM UTC

UK Pay Growth Hits 8-Month High, Employment Surprisingly Rises

UK pay growth hits eight-month high as employment unexpectedly rises, showing resilience in the labor market despite upcoming payroll tax increases.

Published on: February 18, 2025, 09:01 AM UTC

82 Applicants for CEO Position at Norway's Sovereign Wealth Fund

82 applications including current CEO Nicolai Tangen received for Norway's sovereign wealth fund CEO position.

Published on: February 18, 2025, 09:00 AM UTC

KKR Buys Additional 5% Stake in Enilive, Bringing Total Stake to 30%

KKR acquires an additional 5% stake in Italy's Enilive biofuel business for €587.5 million, bringing its total stake to 30%.

Published on: February 18, 2025, 08:00 AM UTC

Capgemini's Sales Dip 2% in 2023, Outperforming Market Expectations

French IT consulting giant Capgemini reports a 2% decrease in annual sales, marginally better than market estimates. Revenue at €22.10 billion, exceeding expectations driven by improvements in key sectors. Dividend remains stable at €3.40 per share for 2024.

Published on: February 18, 2025, 07:01 AM UTC

Dubai's Financial District Surges With Hedge Funds, Record Company Registrations

Dubai's financial district sees record company registrations, driven by hedge fund influx. The DIFC now houses 6,920 active companies, with technology and innovation as the fastest growing sector.

Published on: February 18, 2025, 07:00 AM UTC

Tesla Eyes India Hiring, Showroom After Musk-Modi Meet

Tesla to Hire in India, Signaling Progress Toward Market Entry