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UK's biggest water supplier plunges into deeper financial crisis
UK's biggest water supplier plunges into deeper financial crisis
Economy
by  AFP

Debt-plagued Thames Water has failed to raise a major cash injection from shareholders, it revealed Thursday, blaming industry regulations that made its rescue plan "uninvestable". The company on Thursday said it was in talks with industry regulator Ofwat over a plan that is "affordable for customers, deliverable and financeable for Thames Water, as well as investible for equity investors".

Sweden says worker negligence behind motorway landslide
Sweden says worker negligence behind motorway landslide
Economy
by  AFP

Swedish authorities said Thursday that worker negligence at a construction site was believed to be behind a landslide that tore apart a motorway in western Sweden in September. Prosecutor Daniel Veivo Pettersson said Thursday he believed "human factors" were behind the landslide as "no natural cause" had been found during the investigation.