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Thames Water rescue deal talks rumble on interminably but its future remains unclear | Nils Pratley

It is two years since the shareholders of Thames Water threw in the towel, declared the company “uninvestible” and accepted their shares were worthless. Yet the water torture goes on and on. We are now in the ninth month of negotiations between Thames’s senior creditors and the regulator, Ofwat, on a rescue deal – and still an outcome is thought to be weeks away.Monday’s updated sketch of the proposal contained a few new details. The amount of fresh equity that would be injected into Thames has increased from £3

about 7 hours ago
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Car park firm NCP falls into administration, putting nearly 700 jobs at risk

National Car Parks, the UK’s biggest car park operator, has fallen into administration, putting nearly 700 jobs at risk.NCP’s board of directors called in PwC as administrators after it ran out of cash, leaving it unable to pay its landlords and creditors, with significant rent payments due at the end of March.PwC said it would take steps “to stabilise the business while assessing options for its future” including a sale, with all car parks staying open “for now”, and staff remaining in post. NCP, which dates back to 1931 and is a familiar sight in town centres with its black and yellow signs, employs 682 people.The Japanese-owned company, which manages 340 car parks across the UK, including in major towns and city centres, airports, hospitals and transport hubs, has struggled in recent years, with “continued shifts in commuting and customer driving patterns,” according to PwC

about 8 hours ago
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Child abuse material ‘systemic’ on Elon Musk’s X amid Grok scandal, Australian online safety regulator warned

The Australian online safety regulator warned Elon Musk’s X amid the Grok sexualised image generation scandal that it found child abuse material was “particularly systemic” on X and more accessible than on “any other mainstream service”, correspondence obtained by Guardian Australia reveals.The eSafety commissioner wrote to X in January after its chatbot, Grok, was used to generate sexualised images of women and children online, which the prime minister, Anthony Albanese, described as “abhorrent”.In the letter, obtained by Guardian Australia under freedom of information laws, eSafety’s general manager of regulatory operations, Heidi Snell, pointed to Musk’s promise when taking over the platform in 2022 that “removing child exploitation is priority #1”, but said “the availability of CSEM [child sexual exploitation material] continues to appear particularly systemic on X”.“eSafety has not identified CSEM to be as readily accessible on any other mainstream service,” Snell said.eSafety had found that while action by X to tackle bot accounts in October 2025 had reduced use of some previously commonly used hashtags and terms to advertise CSEM, eSafety found hashtags to advertise the material still prevalent

about 3 hours ago
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Teenage girls sue Musk’s xAI, accusing Grok tool of creating child sexual abuse material

A group of three teenage girls, two of whom are minors, filed a lawsuit on Monday against Elon Musk’s xAI artificial intelligence company alleging that its Grok image generator used photos of them to produce and distribute child sexual abuse material. The class-action lawsuit is the first filed by minors following Grok’s rampant generation of nonconsensual nude images earlier this year.“xAI chose to profit off the sexual predation of real people, including children, despite knowing full well the consequences of creating such a dangerous product,” Vanessa Baehr-Jones, a lawyer for the plaintiffs, said in a statement.The suit, which was brought by three Tennessee teenagers but filed in California, where xAI is headquartered, details how the girls discovered that nude, AI-altered images of them were uploaded to a Discord server and shared online without their knowledge.After they alerted law enforcement to the images, according to the complaint, police arrested a suspect later that month and found child sexual abuse material (CSAM) on his phone that was allegedly produced using xAI’s image and video generation technology

about 5 hours ago
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Tour veterans offer timely challenge to big two era of Sinner and Alcaraz | Tumaini Carayol

In the uncertain early stages of his Indian Wells semi-final contest with Carlos Alcaraz, Daniil Medvedev swiftly made his intentions clear. Having established a 3-1 lead, he chased down a trademark Alcaraz drop shot, then a lob, before slamming the door shut on the point by firing an ultra-flat inside-out backhand winner on to the edge of the line.This was a statement point and it formed part of the most startling performance of the year so far. Few gave Medvedev a serious chance against Alcaraz, who had won their four previous meetings, conceding just one set. It took one of the best matches of Medvedev’s distinguished career to turn the tables on Alcaraz in only two sets

about 5 hours ago
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Emma Raducanu suffers another setback as she withdraws from Miami Open

Emma Raducanu has sustained another significant setback as she opted to withdraw from the Miami Open due to illness. Raducanu struggled with a virus throughout February, suffering poor opening-round losses in Doha and Dubai. She is said to still have post-viral symptoms.Raducanu had been due to compete in Miami as the 24th seed and she received a first-round bye, meaning she would not have played until Thursday or Friday. However, the 23-year-old decided not to wait until the last minute before making a decision on her participation

about 6 hours ago
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Jimmy Kimmel on Trump being gifted an Olympic medal: ‘Yet another award he didn’t win’

3 days ago
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Seth Meyers on Pete Hegseth: ‘The face of a man war-fighting with his colon’

4 days ago
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Sydney Biennale 2026: politics is everywhere – but with nuance, beauty and heart

5 days ago
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Naples museum to allow visually impaired visitors to experience art through touch

5 days ago
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Jimmy Kimmel on Pentagon splurging on doughnuts: ‘Is this My 600lb Defense Department?’

5 days ago
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Stephen Colbert on US war in Iran: ‘We’re still no closer to learning what the goal is’

6 days ago

US oil prices could see another day of wild fluctuation as Iran war drags on

about 10 hours ago
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US oil prices could see another day of wild fluctuation as the US-Israel campaign against Iran extends into a third week, with one analyst predicting that prices at the pump might hit $3,85 per gallon on Monday,Petroleum prices have spiraled upward as the broadening conflict has imperiled oil and gas production infrastructure in the region,On Friday, the US conducted strikes on Kharg Island, an essential oil processing hub in Iran,Tehran, meanwhile, continues to block ships from passing through the strait of Hormuz, where a fifth of the international oil supply typically passes through.

Brent crude, the international benchmark, increased to $106 per barrel early Monday but soon dipped to $103 a barrel.After briefly hitting $100 per barrel on Sunday, US crude was down to $94 by mid morning.Patrick De Haan, a leading petroleum analyst, said on Monday that the average US cost of gasoline could reach $3.80 to $3.85 per gallon and that “$4 is still possible, but not just yet”.

Diesel, a heavier gas used by trucks and trains, could reach from $5.05 to $5.15 per gallon countrywide.The average cost of regular gasoline in the US sat below $3 per gallon on 28 February, when the US and Israel first conducted strikes on Iran.Since then, the average now sits at $3.

70 – marking a 23% increase in just under three weeks, Consumer Reports notes,But some US regions have seen far more dramatic upticks,In California, averages exceeded more than $5 per gallon, according to Consumer Reports, while some Los Angeles gas stations were charging in excess of $8 per gallon,Fluctuating oil prices continued to shake a jittery Wall Street on Monday,Stocks opened higher after news on lower oil prices, with the S&P 500 up about 1% at 11am ET.

Top oil companies stocks are seeing minor fluctuations this morning, according to the Wall Street Journal, though shares in top petroleum outfits have reached all-time highs overall since the conflict started.Executives from several oil companies reportedly warned White House officials that the strait of Hormuz logjam could worsen conditions.Darren Woods, Exxon’s CEO, told officials that prices could continue to increase if there are supply issues with refined oil and gas, the Wall Street Journal reported.He also warned that speculators could drive up prices.Conoco and Chevron’s top executives also voiced worry about the broadening interruption, the newspaper said.