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Treasury warns Defra of a £4bn charge if Thames Water is nationalised.

Officials in Whitehall have found themselves at odds over what’s next for Thames Water, especially after the Treasury instructed the Environment Department to cover the financial burden of a potential temporary nationalization worth billions. This situation is particularly pressing for the UK’s largest water company, which almost ran out of funds just days ago. Thames […]

UN warns of ‘epic suffering’ in Sudan and appeals for $4bn in aid | Global development

The United Nations says there is “epic suffering” in Sudan, with fighting between rival military factions since April causing the world’s largest internal displacement crisis and raising fears of state failure. On Wednesday, the United Nations appealed for $4.1 billion (£3.25 billion) to meet humanitarian needs, as the World Food Program warned that people were […]