Thames Water Struggles to Pay Debts; Google Mulls Charging for AI Features; UK Car Sales Rebound in March; Amazon Cuts Jobs After Store Closures; Co-op Profits Rise Despite Lower Sales
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Thames Water owes £190m to lenders including two Chinese state-owned banks. Its parent company is at risk of default.
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Google is considering charging users for AI-powered search features, according to a Financial Times report. This could undermine ad revenues.
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UK car sales rose 10.4% in March versus last year, the strongest March since 2019, driven by companies replacing fleets.
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Amazon is cutting hundreds of jobs in its cloud unit AWS, partly due to ditching its "just walk out" physical stores offering.
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The Co-op grocery chain increased profits by 11% to £154m last year despite lower sales, after investing over £70m in price cuts.