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Thames Water says needs more time for financial turnaround
Thames Water says needs more time for financial turnaround
Economy
by  AFP

Struggling UK utility firm Thames Firm needs more time to turn around its fortunes after announcing a slump in profits and mounting debt, one of its bosses said Tuesday. The Environment, Food and Rural Affairs Committee called a number of Thames Water bosses to give evidence about its debts.

Blue Origin announces space launch next week, first since 2022 crash
Blue Origin announces space launch next week, first since 2022 crash
Economy
by  AFP

Blue Origin said on Tuesday it was aiming to launch its New Shepard suborbital rocket next week, the first mission since an uncrewed crash in September 2022 set back Jeff Bezos' space company. The two companies compete in the emerging space tourism sector, offering a few minutes of weightlessness in "suborbital" space.

Palestinian economy severely impacted by Israel-Hamas war: World Bank
Palestinian economy severely impacted by Israel-Hamas war: World Bank
Economy
by  AFP

The Israel-Hamas war in Gaza is having a severe impact on the Palestinian economy, according to the World Bank, which now estimates sharp economic contraction this year and next. Beyond the immediate human cost, the Israel-Hamas conflict has also "severely impacted the Palestinian economy," the World Bank announced in a statement published Tuesday.