Britain’s largest water utility placed under special measures as it grapples with $20 billion debt pile
Regulators gave Thames Water permission to raise customer bills by an average £99 annually over the next five years, nearly half of what it asked for.
Macron breaks his silence on France’s election earthquake as post-vote deadlock continues
French President Emmanuel Macron broke his silence on the political earthquake that took place in France last weekend.
U.S. cities are sinking. Here’s what that means for homeowners
Home values in areas with high land subsidence could drop 8.1%, according to forthcoming research. It’s not the only way sinking surfaces could affect consumers.
Apple reaches deal with EU regulators to open up mobile payments system to rivals
EU antitrust chief Margrethe Vestager said the European Commission accepted commitments from Apple to open access to its tap and go payments tech to rivals.
Treasury, IRS announce ‘major milestone’ of $1 billion in past-due taxes collected from millionaires
The U.S. Department of the Treasury and IRS announced a “major milestone” of collecting more than $1 billion in past-due taxes from millionaires.
NATO condemns China as a ‘decisive enabler’ of Russia’s war in Ukraine in most serious rebuke to date
NATO labeled Beijing a “decisive enabler” of Russia’s war in Ukraine and expressed concern over Beijing’s “systemic challenges” to the coalition’s security.
JPMorgan is bullish on this Southeast Asian country, cites opportunities in data centers
The investment bank upgraded Malaysia to “neutral” from “underweight” last week, raising its target for the Kuala Lumpur Composite Index.
UK economy returns to growth in May, beating expectations as British pound hits four-month high
UK gross domestic product figures for May were published Thursday.
Japan is worried about another ‘transactional’ Trump presidency, Tokyo-based expert says
The Japanese government was “pretty certain that Biden had this well in hand.” However, the ruling LDP is now reappraising the odds of a “Trump 2.0 presidency.”
CNBC Daily Open: A true bull market — it’s not Wall Street
S&P 500 closes above 5,600 for the first time. Archegos founder convicted of market manipulation. Tesla is a “meme stock.”
