Financial Showdown: Global Markets and Water Woes

Top financial headlines reveal Thames Water executives get bonuses despite a massive loan, Southern Water seeks debt writedowns, Adidas chair Thomas Rabe faces investor rebellion, and China criticizes the UK-US trade deal. These stories highlight significant developments and challenges in global markets.

Financial headlines reveal ongoing global market challenges. Thames Water executives are slated to receive bonuses as the company secures a £3 billion emergency loan to prevent nationalization.

Meanwhile, Southern Water, under Macquarie's control, has requested Ares Management and other lenders to undertake a full writedown on £370 million of debt to facilitate new equity flow into the utility's heavily indebted operations.

In corporate governance, Adidas chairman Thomas Rabe is facing a shareholder revolt over multiple mandates and succession planning, posing critical questions of leadership. Concurrently, China has voiced strong disapproval of a trade deal between the UK and the US, fearing it may edge out Chinese products from British markets.

(With inputs from agencies.)