Labour MPs urge Thames Water to recover £2.5m paid to executives in April
Thames Water should claw back £2.5m in bonuses that were paid to executives in April, 27 Labour MPs representing constituencies served by the utility have urged.The MPs said it was “disgusting” that the company was hiking water bills “to pay for executives’ failings when those same executives were receiving multimillion-pound bonuses”.In a letter to Thames Water’s director of corporate finance, Fred Maroudas, they called for the company to scrap its next planned round of bonuses in September and reinvest the money into water infrastructure.The letter from 27 Labour MPs in areas served by Thames Water, coordinated by Yuan Yang, the MP for Earley and Woodley, set out demands for the company, including resolving the most severe cases of pollution and failure highlighted by their constituents
US adds just 73,000 jobs in July amid pressure from Trump’s trade war
The US economy added 73,000 jobs in July, far lower than expected, amid ongoing concerns with Donald Trump’s escalating trade war.Forecasters surveyed by Bloomberg had predicted the July jobs report would show a drop in added jobs to about 109,000. The unemployment rate rose to 4.2% from 4.1% in June
Apple quietens Wall Street’s fears of China struggles and slow AI progress
Apple has been under pressure this year. It’s playing catch-up to its fellow tech giants on artificial intelligence, it’s seen its stock fall by double digits since the year began, it closed a store in China for the first time ever this week, and looming US tariffs on Beijing threaten its supply chain. On Thursday, the company released its third-quarter earnings of the fiscal year as investors scrutinize how the iPhone maker might turn things around.Despite the gloomy outlook, the company is still worth more than $3tn, and it beat Wall Street’s expectations for profit and revenue this quarter. Apple reported a huge 10% year-over-year increase in revenue to $94
Amazon fails to calm tariff worries with worse-than-expected financial outlook
Amazon failed to quiet concerns over how Donald Trump’s sweeping tariffs would affect its e-commerce business as it reported its latest quarterly results on Thursday. Wall Street’s affinity for the tech giant faltered in response.The top line numbers from Amazon’s second quarter earnings report exceeded Wall Street’s projections. The tech company beat expectations with its revenue up 13.3% year over year to $167
Gus Atkinson punches ticket to Ashes as obvious key peg in England’s attack | Barney Ronay
Don’t talk about the Ashes. Don’t talk about the Ashes. Don’t. Talk. About the Ashes
Itoje leads Lions on history chase with echoes of former Sydney glories in air
Australia will have other ideas but Andy Farrell’s team are intent on sealing the clean sweep with a triumph that would stand the test of timeAs the 2025 British & Irish Lions prepare for their last hurrah there are distant echoes of former glories in the damp Sydney air. A highly respected English lock forward leading out a history-chasing team in the same stadium which staged the 2003 Rugby World Cup final? It is not the worst of precedents for Maro Itoje as he and his modern-day Lions await their third and final date with destiny.Itoje and his squad would also dearly love to rekindle memories of another significant contest in this city. The decisive concluding Test of the 2013 Lions series was a classic example of a touring side saving its best until last, with a tiring Wallaby side eventually losing 41-16 after a certain assistant coach called Andy Farrell had urged the players to take their hosts to “the hurt arena”.This time around, among other things, Farrell has been invoking the never-say-die ethos of the Irish boxer Katie Taylor, who was asked to record a few motivational words for the Lions
Trump steps up attacks on Fed’s independence amid interest rates row
Barclays follows HSBC in exit from banking industry’s net zero alliance
Jury orders Tesla to pay more than $200m to plaintiffs in deadly 2019 Autopilot crash
UK Online Safety Act risks ‘seriously infringing’ free speech, says X
‘He was angry’: India admit wind-up strategy to disrupt Joe Root’s batting
Yorkshire and Glamorgan wins shake up tables: county cricket – as it happened
Hunter Bell’s dilemma over audacious bid for double world athletics glory