‘People yearn for stability’: the Thames Water sewage plant at frontline of its crisis

It is a grey day in a wet week but one of Thames Water’s neglected plants is still coping. Wastewater is being pumped into the vast Maple Lodge sewage treatment centre in Rickmansworth, just off the M25, at a rate of about 3,000 litres a second, within capacity.The site manager points out the first-line screens that catch everything that will not pass through a 5mm filter. A “sheep” – a bundle of wet wipes, sanitary pads, cotton buds, condoms and indigestible bits of sweetcorn – is rotating at one edge. Credit cards and false teeth have been known to end up here

Criminals ‘systematically’ targeting UK shops, costing £400m last year, say retailers

Criminal gangs are “systematically” targeting shops, retailers have warned, with 5.5m incidents of shoplifting detected last year, costing the industry an estimated £400m.The British Retail Consortium (BRC) has warned over “endemic” violence towards shop workers – who faced an average 36 incidents of violence involving a weapon every day last year – and said high levels of theft was causing “anxiety” among retail staff.Helen Dickinson, the chief executive of the BRC, called on police to consistently prioritise tackling retail crime and commit “dedicated resourcing” to the problem.The BRC research comes after the government put forward new legislation to back a stand-alone offence for assaulting a retail worker and to remove a £200 threshold for “low level” theft, which has a maximum six-month custodial sentence

Crypto exchange Binance may have funded Iranian entities, reports say

Shortly after Donald Trump pardoned Changpeng Zhao, the Binance founder, last fall, company employees revealed the cryptocurrency exchange may have funded Iranian entities with billions of dollars, according to a report by the New York Times.The discovery was made by a group of internal Binance investigators, who reportedly found that people in Iran had accessed more than 1,500 accounts on the crypto platform. Two of those accounts allegedly saw $1.7bn move to Iranian-backed groups that included Yemen’s Houthi militants throughout 2024 and 2025, according to the Wall Street Journal.The company investigators say they reported those transactions to Binance’s executives, but then were reportedly disciplined

Progress on gender equality at top of UK’s biggest firms ‘achingly slow’

Campaigners have bemoaned the “achingly slow” progress made on gender equality at the top of Britain’s biggest businesses, as research showed blue-chip firms had missed key targets and there were only nine female bosses at FTSE 100 companies.The average number of female FTSE 100 chief executives did not move last year, according to the government-backed FTSE Women Leaders Review.They were Allison Kirkby at BT, Zoë Yujnovich at National Grid, Milena Mondini de Focatiis at Admiral, Stella David at Entain, Louise Beardmore at United Utilities, Margherita Della Valle at Vodafone, Amanda Blanc at Aviva and Cindy Rose at WPP.The report also considered Emma Walmsley at GSK and Liv Garfield at Severn Trent, although both women left their roles in December, as well as Carol Howe, the interim chief executive of BP, who is due to be replaced by Meg O’Neill in April.Debra Crew left the drinks group Diageo last summer after two years in which the company’s share price dropped more than 40%

Trump threatens ‘more powerful and obnoxious’ tariffs, amid confusion in UK and EU; Wall Street drops – as it happened

Donald Trump has declared that he can use tariffs in a ‘much more powerful and obnoxious way’ than he has thus far.Posting on his Truth Social network, the US president again attacked the supreme court for ruling against his sweeping global tariffs last Friday – calling them ‘incompetent’.He also claims the justices have ‘‘accidentally and unwittingly’ expanded his presidential powers on tariffs.Trump writes:double quotation markThe supreme court (will be using lower case letters for a while based on a complete lack of respect!*) of the United States accidentally and unwittingly gave me, as President of the United States, far more powers and strength than I had prior to their ridiculous, dumb, and very internationally divisive ruling.For one thing, I can use Licenses to do absolutely “terrible” things to foreign countries, especially those countries that have been RIPPING US OFF for many decades, but incomprehensibly, according to the ruling, can’t charge them a License fee - BUT ALL LICENSES CHARGE FEES, why can’t the United States do so? You do a license to get a fee! The opinion doesn’t explain that, but I know the answer! The court has also approved all other Tariffs, of which there are many, and they can all be used in a much more powerful and obnoxious way, with legal certainty, than the Tariffs as initially used

Stock markets stumble as global trade faces more Trump tariff uncertainty

Stock markets stumbled on Monday as Donald Trump pushed ahead with fresh tariffs on the US’s trading partners despite a supreme court strike-down and growing opposition from domestic voters.Uncertainty over the status of global trade deals spooked investors, triggering a drop in US shares prices including on the Dow Jones industrial average, which tumbled 1.6% by Monday’s closing. The S&P 500 and Nasdaq 100 fell 1.4% and 1