Iran's foreign minister says Tehran ready for 'doomsday' war with U.S., but leaves diplomacy on the table

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The Guardian·1h ago2 outlets

The Guardian view on Thames Water: Andy Burnham should nationalise this failed monopoly | Editorial

Bill payers should not fund another rescue for financiers of the water industry. Public ownership can end the cycle of extraction and failure This month, a cross-party parliamentary committee said Thames Water should be placed in temporary state control and that any takeover by its creditors should be halted. The MPs were right. The “ special administration ” regime keeps the taps running while shareholders are wiped out, creditors take a haircut and the firm’s £19bn of debt is restructured. But it must not then be handed back to private hands. After Thames Water has failed its 16 million customers, polluted rivers , paid out billions to shareholders and repeatedly demanded higher bills, a City-friendly reprieve would only reward the outrageous behaviour that the regulatory system is meant to deter. Ministers ought to seize the opportunity to nationalise Thames Water. In July, Andy Burnh

The Guardian·1h ago

The Guardian view on Manchester City: a strange kind of glory | Editorial

If a guilty verdict on multiple counts of financial misreporting is upheld against the club, its achievements in the modern era will be forever tainted In surveys ranking the Premier League’s greatest moments, football supporters regularly give pride of place to Sergio Agüero’s championship-winning goal for Manchester City in 2012. Scored in injury time on the last day of the season, Agüero’s strike against Queens Park Rangers delivered the first league title for City since the 1960s. Knocking their historic rivals Manchester United into second place, it also signalled a new era in which the club replaced United as the dominant force in the English game. “Aguerooooooo!” – the incredulous single-word response from the match commentator Martin Tyler – has entered football folklore. But an asterisk may now be needed at the end of all those Os. Reports that an independent panel has found Man

The Guardian·1h ago

Most of UK’s essential food supply grown in drought-risk areas, report warns

Keys crops such as cereals, potatoes, sugar and oils grown in areas with moderate to very high risk The vast majority of the UK’s essential foods, including cereals, potatoes, sugar and oil, are grown in areas of England rated as having a moderate to very high risk of drought. A very high proportion – 81% – of England’s fresh produce is concentrated in parts of the country that are already experiencing water stress, according to the analysis by the nature-focused investment fund Rebalance Earth . Continue reading...

CNBC·2h ago

Here are the 4 big things we're watching in the stock market in the week ahead

Both sides of the Fed's dual mandate are in focus. Plus, Micron reports and Eli Lilly delivers updates on its obesity pipeline.

The Guardian·2h ago2 outlets

Burnham dodges questions on Heathrow third runway as project faces four-year delay

Airport chiefs say 2035 operations deadline unachievable as critics say new delay makes case for project ‘even more dubious’ Plans for a third runway at Heathrow are once again up in the air after the prime minister refused to say whether he backs the “contested” project which is delayed by up to four years. Over the weekend it emerged that ​Heathrow no longer expects to meet the original 2035 deadline. Instead, the airport hopes to secure planning permission by 2029 and then open the runway “within a decade”, meaning it would not be operational until 2039. Continue reading...

CNBC·2h ago

Debt-hungry AI companies face increased risk as bond yields spike

The AI infrastructure buildout shows no sign of slowing, but the surge in Treasury yields means it's at least going to cost more.