Customer complaints against water companies in England and Wales increased by 84% in the past year, according to the Consumer Council for Water (CCW). The significant rise, reaching nearly 100,000 complaints, is primarily attributed to issues of affordability and steep bill increases.
Ministers have rejected Thames Water's proposed £10bn rescue deal, pushing the UK's largest water company closer to temporary public ownership. Environment Secretary Emma Reynolds expressed concerns that the lenders' offer fails to adequately protect consumers or the environment, despite the company facing imminent financial collapse under £20bn of debt.
Elon Musk's SpaceX has finalised the acquisition of Anysphere, developer of the AI coding agent Cursor, for $60 billion. This move comes days after SpaceX's record-breaking initial public offering on Nasdaq, which valued the company at over $2 trillion.
