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Business Apr 02, 2026

Thames Water Near Agreement to Shield Against Ofwat Fines Until 2030 in Exchange for Major Investment

Thames Water is on the brink of a deal with its regulator that would suspend new Ofwat fines throug…
Thames Water is reportedly close to securing a pact with England and Wales’ water regulator, Ofwat, that would prevent the imposition of fresh fines for the next four years, contingent on a substantial commitment to upgrade its infrastructure.The proposal, first tabled in June 2025, originates from the utility’s creditors, who are keen to avoid a scenario where the struggling company is temporarily renationalised. These lenders had already injected £3 bn of emergency financing last year to keep the business afloat.Having amassed a £17.6 bn debt burden since privatisation, Thames Water has been battling potential insolvency for over two years. A previous attempt to sell the firm collapsed when the preferred bidder, KKR, pulled out at the last minute.Under the contemplated agreement, Ofwat would accept “undertakings” from Thames Water, meaning the company would focus on rectifying the underlying service failures rather than paying penalties to the government. However, the deal would not shield the utility from possible sanctions by the Environment Agency or from ongoing legal actions.Pressure is mounting as Thames Water is projected to run out of cash in October, intensifying the urgency of reaching a resolution. Any settlement must undergo a three‑month public consultation, a process likely to attract criticism given that customer water bills are set to rise by more than a third by 2030, before accounting for inflation.Creditors have pledged that all outstanding fines will be settled and that regulators will gain greater transparency and accountability over the company’s efforts to curb pollution, leakage, and other performance targets introduced a year ago.Thames Water itself emphasised a “market‑led solution” that delivers swift improvements for both customers and the environment while progressing its operational and financial turnaround plan. The utility highlighted that it has launched its largest upgrade in 150 years, allocating a record £1.26 bn in capital investment—a 22% year‑on‑year increase in the first half of the 2025‑26 financial year—focused on fixing leaks, reducing pollution, and enhancing water quality.An Ofwat spokesperson noted that the regulator is carefully reviewing the creditors’ plans to ensure they produce a genuine turnaround in performance and bolster the company’s financial resilience for the benefit of both customers and the environment.
#Thames Water #Ofwat #UK government
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Sports Apr 02, 2026

Bradford Bulls vs Leeds Rhinos: Historic Rivalry Returns to Super League

The historic rivalry between Bradford Bulls and Leeds Rhinos returns to Super League after a 12-yea…
The Bradford Bulls and Leeds Rhinos are set to reignite their historic rivalry in Super League on Friday, marking the return of a fixture that defined the competition's early years. The two West Yorkshire clubs, separated by just 15 miles, have a long-standing and intense rivalry that has been missed in recent years.Legendary figures such as Lesley Vainikolo, known as 'The Volcano' for his incredible try-scoring record, and Jamie Peacock, who captained Bradford to the 2005 title before joining Leeds, have expressed their excitement for the fixture's return. Vainikolo, now director of rugby at Wesley College in New Zealand, will be watching the game with great interest, having starred in the derby during the early 2000s.Robbie Hunter-Paul, the long-serving captain of Bradford, recalled the significance of the rivalry, stating that it was 'genuinely the closest thing you could get to a Grand Final.' The fixture's importance extends beyond the clubs themselves, with Jamie Peacock emphasizing that 'you need your rivals and you need your enemies: that's sport.'The return of this rivalry is also significant for Super League, as it features two of the competition's biggest brands. With only four English cities represented in the league, the Bradford Bulls vs Leeds Rhinos fixture has 'huge cut-through on a wider scale than most others in the competition,' according to Peacock.
#Bradford Bulls #Leeds Rhinos #Super League
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Sports Apr 02, 2026

Phil Mickelson Withdraws from Masters Tournament Due to Family Health Issue

Phil Mickelson has withdrawn from the upcoming Masters Tournament due to an ongoing family health m…
Professional golfer Phil Mickelson has announced that he will not compete in next week's Masters Tournament due to an ongoing 'family health matter.'The 55-year-old, a six-time major winner, expressed his respect for Augusta National Golf Club and wished everyone the best of luck, stating he will be watching.Mickelson has had a notable career, winning the Masters in 2004, 2006, and 2010. He has also secured victories in two PGA Championships (2005 and 2021) and the Open Championship in 2013.This year's Masters would have marked Mickelson's 33rd start at Augusta. Only seven other players have achieved the feat of winning the tournament three times.Mickelson has been dealing with health issues and previously missed the first four LIV Golf events of the year. He returned to action last month at LIV Golf South Africa, finishing in a tie for 48th place.
#Phil Mickelson #Masters Tournament #Augusta National Golf Club
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Sport Apr 02, 2026

ECB Rolls Out Full Substitutes in County Championship, Raising Stakes for England Selection

The England and Wales Cricket Board (ECB) has begun a domestic trial allowing full‑playing substitu…
After a prolonged period of uncertainty, the County Championship returns on Good Friday with renewed vigor, its schedule finally settled and the controversial three‑year Kookaburra ball trial abandoned.The England and Wales Cricket Board (ECB) is now trialling a full‑substitute system in domestic matches. Unlike the traditional “covering fielder” approach, a player can be replaced by a fully‑playing substitute for injury, illness or significant life events such as the birth of a child or a family health crisis.Alan Fordham, the ECB’s head of cricket operations, highlighted the change: “Most seasons we get three or four questions about a player being replaced to witness the birth of a child… the answer will now be yes.” He also recalled the Blair Tickner incident, where the New Zealander’s wife was diagnosed with leukaemia during a match, forcing him to continue playing with a ten‑man side.The substitute scheme is being tested at the ICC’s request, which asks member boards to experiment domestically before considering a similar rule for Test cricket. By allowing replacements for personal emergencies, the ECB has moved further than counterparts in India, Australia and South Africa.To curb potential abuse, any player replaced for illness or injury must observe an eight‑day “stand‑down” period before returning. Derbyshire head coach Mickey Arthur praised the intent but warned of loopholes, noting that the rule does not account for bye weeks, season‑ending fixtures or the transition from red‑ball to white‑ball cricket.Following a disappointing Ashes winter, the ECB is keen to restore the Championship’s relevance. Managing director Rob Key signalled that England‑team places are no longer guaranteed, urging county coaches and players to re‑engage.England head coach Brendon McCullum, speaking to counties via Zoom, stressed the competition’s value for talent identification, especially for players adept against high pace and spin. He also announced the return of Troy Cooley as the ECB’s pace‑bowling lead.Test captain Ben Stokes backed the message, urging players to seize the early weeks of the Championship as a platform for national selection: “It’s a great opportunity for a lot of people around the country… use it to push your case forward.”Enthusiasm is palpable across the counties. Glamorgan, back in Division One for the first time since 2005, aim to showcase their spinners. Lancashire chase promotion despite the late loss of Mitch Perry, while Surrey, Nottinghamshire and Warwickshire marshal their senior talent. Even clubs hit by setbacks—Leicestershire, plagued by injuries and the sudden withdrawal of captain Peter Handscomb, and Sussex, docked 12 points before the season began—remain determined as they kick off their fixtures at Grace Road.
#england #cricket #there
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World Apr 02, 2026

Lebanese‑French Artist Sues Israel in Paris Court Over 2024 Beirut Bombing That Killed His Parents

Artist Ali Cherri has filed a war‑crimes complaint in a Paris court against Israel for a 2024 airst…
A Lebanese‑French visual artist, Ali Cherri, has lodged a formal complaint with the French war‑crimes unit in Paris, accusing Israel of committing a war crime after a 2024 airstrike on his family home in Beirut killed his parents and a domestic worker. The filing marks the first time a French court has taken up a case concerning Israel’s bombing of Lebanon and is an unusual move by an individual to pursue war‑crimes accountability. Israel has faced repeated accusations of violating international humanitarian law in Lebanon and Gaza, including attacks on civilians, medical facilities and forced displacement, yet no Israeli officials have been prosecuted to date. Cherri said, "Our demand is that an investigation is opened so that we know for a fact what happened, to name this attack as a war crime against civilians, and hopefully be able to name the people responsible." The apartment, built by his grandparents in central Beirut, was struck a few hours before a cease‑fire between Hezbollah and Israel took effect on 26 November 2024. The 13‑month conflict had already claimed roughly 4,000 Lebanese lives. The blast, which gave no prior evacuation warning, destroyed three floors, killing Cherri’s 86‑year‑old father Mahmoud Naib Cherri, 76‑year‑old mother Nadira Hayek, their employee Birki Negesa and four other civilians. In February, Amnesty International’s investigation concluded there was no military target at the time of the strike and urged that the incident be examined as a war crime. Forensic Architecture, a UK‑based investigative group that helped draft the complaint, produced a 3‑D reconstruction of the building and identified the munition as a GBU‑39 guided bomb – a 250 lb US‑made weapon frequently used by Israel in Lebanon and Gaza. The analysis underscored the targeted nature of the attack and, according to the group, demonstrated direct responsibility of the Israeli army. Amnesty International’s regional director for the Middle East and North Africa, Heba Morayef, called the French civil complaint “a rare opportunity” to hold Israel accountable in a European court, given the usual impunity. The case arrives amid renewed hostilities: on 2 March Hezbollah fired rockets at Israel, prompting an Israeli aerial campaign and ground invasion that has killed 1,318 people so far. Photographer Mohammed Shehab, who collaborated with Forensic Architecture on the Cherri investigation, was himself killed in an Israeli strike on 11 March, which also claimed his infant daughter’s life and wounded his wife – an incident the group described as “circumstances similar” to the Cherri bombing. While Cherri doubts any Israeli officials will face criminal charges, he insists that filing the suit is a moral duty to give a voice to victims who cannot pursue legal recourse themselves.
#lebanon #israel #hezbollah
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Science Apr 02, 2026

NASA's Artemis II Mission Prepares for Lunar Slingshot Maneuver

NASA's Artemis II mission enters its second day as astronauts prepare to leave Earth's orbit and he…
NASA's Artemis II mission is on track to make history as four astronauts prepare to leave Earth's orbit and embark on a journey towards the moon. This 10-day voyage marks a significant milestone in the US space agency's ambitious plan to land humans back on the lunar surface this decade and establish a permanent presence there.The crew, consisting of three Americans and one Canadian, launched from the Kennedy Space Center in Florida on Wednesday. After a series of tests and preparations, they are set to perform a translunar injection burn, a six-minute engine firing that will send the Orion spacecraft on its path to the moon.During their journey, the astronauts will loop around the back of the moon, becoming the four people to travel the farthest from Earth in history. They will then use the moon's gravity to launch back home. This mission is expected to break the record for distance traveled away from Earth, currently held by the Apollo 13 crew, who reached 248,655 miles (400,171km) in 1970.The Artemis II mission is a crucial test of NASA's capabilities, with future missions aiming to land astronauts on the moon's south pole as early as 2028. The US is in a new space race with China, which plans to send a crewed mission to the same lunar region as early as 2030. NASA's long-term goal is to build a lunar base that can house a permanent human presence, bringing humanity closer to living on the moon and Mars.
#NASA #Artemis II #Orion spacecraft
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World Economy Apr 02, 2026

Record March Petrol Price Surge Drives UK Drivers to Hunt Cheapest Fuel Ahead of Busiest Easter Travel in Four Years

UK motorists face a historic 20p per litre rise in petrol prices in March, prompting the RAC and Na…
UK drivers are being urged to hunt for the cheapest petrol as they prepare for an estimated 21.7 million journeys over the Easter bank‑holiday weekend – the busiest on the roads since 2022. Data from the RAC shows that the average price of a litre of unleaded petrol jumped 20p in March, rising from 132.83p on 1 April to 152.83p on 31 April. This is the fastest monthly increase on record, eclipsing the previous high of 16.6p recorded in June 2022 after Russia’s invasion of Ukraine. RAC policy chief Simon Williams called the rise “unprecedented” but stressed that travellers should fill up as usual and seek the cheapest forecourts nearby ahead of the holiday rush. To ease congestion, National Highways will temporarily suspend 1,500 miles (2,400 km) of roadworks on motorways and major A‑roads in England from Thursday through Easter Monday. The AA predicts this will accommodate roughly 1 million additional trips compared with last year, with traffic expected to peak on Thursday when schools break up. Analysts warn that the sharp fuel‑price surge may curb spending on trips. Susannah Streeter, chief investment strategist at the Wealth Club, noted that shorter journeys and fewer on‑the‑road purchases, such as chocolate treats, are likely. AA survey data shows that just over half of travellers plan to drive less than 50 miles, 5 % expect journeys of 50‑100 miles, about 1 % aim for 100‑200 miles, and fewer than 1 % anticipate trips beyond 200 miles. Rail disruptions are set to push more motorists onto the motorways. Engineering works will suspend west‑coast mainline services between London Euston and Milton Keynes from Good Friday to 8 April, and there will be no trains on several routes—including Preston to Lancaster (4‑5 April), Winchester to Southampton, and Herne Bay to Ramsgate—while services between London Waterloo and Clapham Junction will be reduced. Despite domestic challenges, the travel trade body ABTA estimates that 2 million UK residents will travel abroad this weekend. EasyJet is gearing up for its busiest Easter period yet, planning to operate 16,000 flights from UK airports over the two‑week school break. Passengers heading to the European Union should also prepare for potential two‑hour delays due to the rollout of the EU’s Entry‑Exit System, which requires third‑country nationals, including UK travellers, to submit photographs and fingerprints before entering the Schengen area.
#easter #busiest #between
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Sports Apr 02, 2026

Leicester Tigers’ depleted lineup turns Champions Cup away fixtures into miracle odds

A weakened Leicester Tigers side, missing several internationals, faces 1‑100 odds against defendin…
The Champions Cup’s single‑leg knockout stage has historically favoured hosts – only two of the 24 matches since the format’s introduction three years ago have seen the home side lose. This weekend’s fixtures threaten to upend that trend.Defending champions Bordeaux Bègles have been quoted at 1‑100 odds to defeat a severely weakened Leicester Tigers on Sunday – a price more suited to a two‑horse race. The Tigers will be without key internationals Ollie Chessum, Joe Heyes and Nicky Smith, all ruled out for the match.Coach Geoff Parling has elected to rest his forward trio to preserve a top‑four finish in the domestic league, a decision that underscores the growing difficulty English clubs face in juggling league ambitions with European knockout demands.Parling’s dilemma echoes a similar scenario a year ago when Saracens rested their stars and suffered a crushing 72‑point defeat to Toulon. Alongside Saracens, Harlequins, Leicester and Sale collectively conceded 215 points and exited the competition without a whisper of a fight. Only Bath Rugby has managed to maintain sufficient squad depth to compete on both fronts.The competition’s structure is locked in until 2030, with a 2028 twist that will see the eight quarter‑finalists face seven Super Rugby Pacific teams and one Japanese side, aiming to crown a true world club champion every four years. Yet the packed calendar – culminating in the 2027 World Cup and the 2028 Six Nations – raises serious questions about player availability.“I just don’t know how you fit everything in,” Parling admitted. “The game is very physical now. We all want the best versus the best, but it is what it is.”Knockout success now demands back‑to‑back weekend victories. For example, if Northampton Saints overcome Castres on Friday night, they will face a fully‑strengthened Bath the following week, unless Saracens can engineer a dramatic turnaround after their recent 62‑15 Premiership loss at the Rec.Other clubs face similar uphill battles: Harlequins could earn a Dublin trip after beating Sale, only to recall their heavy 62‑0 defeat to Leinster in April; Bristol might pull off a miracle in Toulouse but would likely meet Bordeaux in the last eight.South African provinces are gathering momentum, with the Stormers and Bulls arguably better placed to silence home crowds in Glasgow and Toulon than earlier in the season. Stormers coach John Dobson quipped, “What will it take us to win? Venus to align with Uranus and Saturn.”Meanwhile, Glasgow Warriors have become notoriously difficult to beat at Scotstoun. If any of the traditional powerhouses – Northampton, Bath, Toulon, Glasgow, Toulouse, Harlequins, Bordeaux or Leinster – fail to reach the quarter‑finals, their conquerors will have defied the odds.
#Leicester Tigers #Bordeaux Bègles #Champions Cup
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World Economy Apr 02, 2026

UK braces for deepening recession as Trump‑Iran war triggers worst energy shock since the 1970s

Larry Elliott argues that the United Kingdom is confronting its most severe energy shock since the …
Britain is confronting the most severe energy shock since the early 1970s, as exports of oil, gas and fertiliser from the Middle East have abruptly stopped. The government says a response plan exists, but details remain vague. It is unclear whether the UK is better prepared for the fallout from Donald Trump’s war with Iran than it was for the pandemic six years ago. Ministers are sending a "we have your back" message to the public while simultaneously signalling to financial markets that any assistance will be limited and targeted. Contingency planning is especially difficult when dealing with an unpredictable leader like Trump. Britain’s heavy reliance on imported energy and food means that reassurance can only hold for a short time. The economy entered the conflict already on shaky ground: unemployment rose steadily throughout 2025 and growth stalled to a virtual standstill in the final quarter of that year. The sudden loss of Middle‑East energy and fertiliser supplies now adds a colossal supply shock. Last year, Trump’s “liberation day” tariff hikes served as a dry run for a far more serious confrontation. This time, the war is taking place in a region that is both volatile and crucial to the global economy. In the past two weeks, the repercussions have been felt across Asia – the Philippines declared a state of emergency, Sri Lanka introduced a four‑day work week, and South Korea announced budget measures to help households cope with soaring energy bills. The continent is the most dependent on Gulf‑exported energy, making the impact there the sharpest. The International Monetary Fund warned that the shock will drive higher prices and slower growth worldwide. Shortages push fuel and food prices up, eroding disposable income, prompting businesses to cut staff, and increasing the risk of recession. The UK, already projected to be one of the poorest‑performing major economies in 2026, could see its fresh graduate cohort face a brutal job market. Trump’s claim that the war could end within two or three weeks appears desperate. Even a rapid cease‑fire would leave substantial collateral damage, creating a stagflation scenario that could hurt Republican prospects in the upcoming mid‑term elections. British officials hope a swift resolution will limit economic damage, allowing a short‑term inflation spike to subside and the Bank of England to resume interest‑rate cuts. Treasury plans include scrapping the planned autumn fuel‑duty rise and providing targeted help for the poorest households, though the path is unlikely to be that simple. Currently, the Treasury is hesitant to act boldly for fear of unsettling bond markets. History – the 2008 banking collapse and the 2020 pandemic – shows that governments can act decisively without triggering a market backlash, using tools such as aggressive rate cuts, increased borrowing, and quantitative easing. The Bank of England has warned of a "substantial negative supply shock" and is expected to soften markets for future rate cuts, which are inevitable. Finance Minister Rachel Reeves could mitigate labour‑market pain by reversing recent increases in employers’ National Insurance contributions, subsidising public transport, and even lowering speed limits to conserve energy. The war, like the pandemic and Russia’s invasion of Ukraine, underscores the fragility of global supply chains and the need for greater British self‑reliance. Investing heavily in renewable energy is essential, but the UK also imports roughly 40% of its food and has not run a manufacturing trade surplus since 1982. In a world of disrupted supply lines, a robust plan for economic self‑sufficiency is more urgent than ever. Larry Elliott is a Guardian columnist.
#war #but #global
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