FT News Briefing The Thames Water debt debacle
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Jun 30, 2023 The US Supreme Court's ruling on affirmative action in university admissions raises concerns about diversity in hiring. Meanwhile, Thames Water faces a severe debt crisis, leading to potential nationalization amidst growing public dissatisfaction. In international news, China's new foreign relations law strengthens Xi Jinping's control over international investments. Plus, Belarus's President Lukashenko emerges as a surprising peacemaker in Russia's recent political turmoil, showcasing the complex dynamics of power and loyalty.
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Affirmative Action Ruling's Impact
- The Supreme Court's affirmative action ruling could impact diversity in higher education.
- This sets a legal precedent that may affect other areas like employment.
Thames Water's Debt Crisis
- Thames Water's debt is partly due to the privatization model that encouraged debt accumulation for infrastructure investment.
- However, much of this money was used for dividends instead of infrastructure improvements.
China's New Foreign Relations Law
- China's new foreign relations law grants Xi Jinping greater control over foreign policy.
- This move may hinder China's efforts to attract international investment.